Showing posts with label Budget 2011. Show all posts
Showing posts with label Budget 2011. Show all posts

Sunday, October 17, 2010

Warisan Merdeka, a 100-storey landmark

Warisan Merdeka, a 100-storey high building was planned in budget 2011. A very ambitious idea but is it feasible?

It is a very tall building to build, and the project cost about RM5 billions, a lot of money to spend.

Why Government need another landmark ? Afterall the Twin Towers are good enough, do we really need another such a tall building in Kuala Lumpur. Anyway Kuala Lumpur is not a really big city. Maybe the Government is trying to fill up the KL skyline.


What is the purpose of this building? To be the tallest in the world? Or to replace Twin Towers as our new landmark in Kuala Lumpur or Malaysia. Only our Government know.

Hopefully our Government have a very good reason to have such a tall building again, otherwise it would be a waste of money and space.

Why not the Government use this money to revive some abandon projects in Kuala Lumpur.

One of the them is Plaza Rakyat, which is an eye-sore especially it located at strategy area, Puduraya bus station. There are plenty of foreigners using the bus station to travel, it is a bad impression to them on our country.

Anyway our Government know what there are doing, hope this money is well spent and the building will bring us prosperity and wealth.

Service Tax increased, no good

In the Budget 2011, the Government proposes that the service tax be increased from 5% to 6%. Definitely an unfavourable move by government.

With the increase, rakyat have to pay more to watch Astro because it will be imposed on paid TV broadcasting services too.

“At a time when the Government is introducing measures to help the rakyat, these moves are not positive,” said AmResearch Sdn Bhd senior economist Manokaran Mottain.

“We’re not sure how much the Government will receive in revenue from these moves. Although we do not view this positively, the impact on the rakyat is expected to be minimal,” he said.

Anyway this move will definitely help Government to reduce its fiscal deficit but not rakyat pocket.


In fact, the Government should reduce personal tax to counter the above increase. To bad it does not materialise.

I guess this increase could be the transition to GST soon.
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