I spoke to Ong Kian Ming on Why MP Pension so High and the Most Exciting initiative in Budget 2024

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Mr Money TV

Mr Money TV

Күн бұрын

Us Malaysians are already struggling with the cost of living with the rise of inflation, yet MPs are getting paid so MUCH! In this video we discuss on how it actually works.
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Пікірлер: 157
@ninjaong87
@ninjaong87 8 ай бұрын
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@user-xp6sc6su9c
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@sarahmark979
@sarahmark979 7 ай бұрын
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@graywilliams_77. 7 ай бұрын
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@graywilliams_77.
@graywilliams_77. 7 ай бұрын
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again...
@joejeff2903
@joejeff2903 6 ай бұрын
😊 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
@vannessx
@vannessx 8 ай бұрын
I still think giving MP's a safety net is still not a good enough excuse for their high pensions.
@limfungjan1657
@limfungjan1657 8 ай бұрын
Yeah, i find it ridiculous as well. As a normal person, if we lose a job, by hook or crook we have to find another job or we will die. If MP cannot find job, then join the gig economy like grab,lalamove, foodpanda. Then they know the feeling of insecurities and fear that a lot of us normal folks face.
@amirism91
@amirism91 8 ай бұрын
because around the world like that. the rule set by New world order haha@@limfungjan1657
@myretronation
@myretronation 8 ай бұрын
@@limfungjan1657 Exactly! 100% sokong! At best, outgoing MPs should get something equivalent to private sector VSS (1 year service = 1 - 1.5 months salary)... certainly not lifetime pension. Those should ONLY be reserved for the real public sector employees, and if you ask me limited to certain grades and last drawn salary levels only.
@casual4974
@casual4974 7 ай бұрын
yes that was a lame excuse/reason. As an MP you get to connect to alot of big companies, almost anyone. With these connections, dont tell me he cant find a single job that has sufficient salary to survive as a normal citizen. Unless he meant as no safety net is "cant find a job that is high pay and high life standard as before". I get it he didnt want to upset the civil servants and buddy politicians, which was why his answers/explanations are very generic and empty talks.
@Humorousguy64
@Humorousguy64 7 ай бұрын
salary high and still worry abt pension money ? Haha
@rahimresad7045
@rahimresad7045 7 ай бұрын
Always enjoy listening to Dr Ong and Peter...regarding the Digital ID, if you have a Singaporean friend, ask politely to see their "singpass" and you will be impressed. Everything is in there. Their health record, their financial record, their retirement record. Their "special bonus" from the country, driving license, passport and many more...
@loyc8099
@loyc8099 8 ай бұрын
Dr. Ong just mentioned so many wrongs in this interview. 1. Why MP need to be paid pension when they served 2 full terms? - What Security? You cannot go work other job after retire from political scene? MP, ADUN or any other civil servants who just receive EPF like private sector workers. 2. Civil servants can't be sacked. - no wonder so many deadwoods in our civil service. 3. Implementation in our government system - exact reason why FDI chooses Singapore, their government has a clear direction, which makes them more efficient, and less useless redtapes.
@brandonteh3163
@brandonteh3163 8 ай бұрын
I agree with your comment. If the MP unable to find other job. Clearly he/she is not capable, incompetence, and lack of skillset. Elect these idiot as MP clearly is a joke and big mistake. And we are wasting our tax money to feed these idiot.
@masterseries4004
@masterseries4004 8 ай бұрын
Britain colonial system, same to India. Too many civil servant created corruption (bureaucracy) inefficient and use A I to recruit civil servant will be fair and accurate ( no bias in race and religions and gender and ages ). Africa also facing this issue of colonial system in government departments. As you knew when British in Malaya,The system itself is one side. Why!They ensure Englishman shall not be fire in government positions and white supremacy minded.
@apw1465
@apw1465 8 ай бұрын
u know i know we know, everyone knows...this is BS lo...the capable one can be counted by finger.
@ganendranpillay3283
@ganendranpillay3283 8 ай бұрын
i agree with point number 1 - it is not my responsibility to ensure your career choices. What about me then? for point number 2, yes they can be, if the case is big enough, but mostly they get transferred here and there, they can be terminated under law: An officer can be terminated from service under Regulations 46 and 47(1), Public Officers (Appointment, Promotion and Termination of Service) Regulations 2005
@WenNuh2021
@WenNuh2021 8 ай бұрын
Talk is cheap. You can talk until the pigs fly when you're not in the hot seat. When you're parachuted into the real situation only you know the real constraint and limitations
@siewleanlim3335
@siewleanlim3335 8 ай бұрын
The doctor did a good job in explaining what many citizens are unaware of the challenges faced in implementing the various measures/policies. Game of Taichi. Good informative video.
@rexmond-realteam2238
@rexmond-realteam2238 8 ай бұрын
Qualify content! It gives us the Rakyat a better understanding of how the government runs.
@adamiskandar5107
@adamiskandar5107 7 ай бұрын
More of this sort of programmes should be on National TV. I hope the minister in charge realized that getting important information to the public would help them understand the challenges of the Gov. better and thus reduce/avoid unnecessary politiking and support government initiatives to improve the lives of the people. This interview actually clarified Syed Saddiq's criticism of the pension policy of MPs which most people assume as fact.
@najihailmi
@najihailmi 7 ай бұрын
Always a great discussion from Dr Ong
@davidlim6614
@davidlim6614 7 ай бұрын
Great show
@mingseleget5142
@mingseleget5142 6 ай бұрын
Excellent
@yasufumithebest
@yasufumithebest 7 ай бұрын
I’d say this kind of interview is great because We as a taxpayers should have known what we paying for.. and we need this quality ppl like Kian Ming as MP.
@ho1288
@ho1288 7 ай бұрын
Dr Ong, always so inspirational!
@stevenyong100
@stevenyong100 8 ай бұрын
not just MP, all govt servants should be in EPF instead for more efficient retirement fund management
@WilliamGod10
@WilliamGod10 8 ай бұрын
I think pensions are no longer offered for new government servants - instead its mostly EPF nowadays
@Davyjones5454
@Davyjones5454 6 ай бұрын
Why cannot sack government officials ? If not reach KPI , then sack ! Same like private sector.
@JohnDoe-zi3gr
@JohnDoe-zi3gr 6 ай бұрын
More to life than sacking people
@stevenlow8452
@stevenlow8452 8 ай бұрын
A very big yes.
@arthamjamal
@arthamjamal 5 ай бұрын
A change is needed here which will give a lesson in every time and period!This is how Will reduce the poverty, suffer of the unprivileged people! People stop being afraid of what could go wrong and think of what could go right. At least let us sacrifice our today so that our children can have a better tomorrow.
@mingseleget5142
@mingseleget5142 8 ай бұрын
Good
@eiapengkhoon4517
@eiapengkhoon4517 6 ай бұрын
Good way of enlightening the people
@prescotthm
@prescotthm 8 ай бұрын
Where to find 4k qualified staff for gov tech malaysia?
@sarahfan5062
@sarahfan5062 8 ай бұрын
Interested to know what’s the teenager/ youth’s sentiment on the country / government - can put a form 5 student or uni student & MP together in a conversation?
@wongjunhuan1093
@wongjunhuan1093 8 ай бұрын
Great Content 🎉
@Jack-wm5ih
@Jack-wm5ih 8 ай бұрын
Civil Servant to Population Ratio = Malaysia 1 : 18, South Korea 1 : 50, Singapore 1 : 71, UK 1 : 118
@prescotthm
@prescotthm 8 ай бұрын
Too many civil servant
@maheshwaran9648
@maheshwaran9648 8 ай бұрын
UK doesn't count their NHS (medical staff) as civil servants
@masterseries4004
@masterseries4004 8 ай бұрын
Wa! Such a huge civil servant, why as government could not see the main issue here! I do not think they do not know.do not be blind eyes. Too many mouths to feed,making government buzy but not effective in service to general public. Every government is challenging (it supposed to be), Malaysia has spending so much money to Digitize the government departments (Digitize to reduce work load and works force as well). Huge benefits to be Digitize due to long term saving in money and accuracy in data collection,and fast delivery of government initiative to general public. Civil servant in Malaysia shall down size immediate 20 %, subsequent years 15% and 20%.
@einstein9901
@einstein9901 8 ай бұрын
European countries have higher percentages of public sector workers in the population. What’s your point?
@Jack-wm5ih
@Jack-wm5ih 8 ай бұрын
You got it backwards. Every 18 Malaysian, 1 works in the Civil Service. In comparison to UK, every 118 British, 1 works in the Civil Service. My point is, Malaysia has far too much Civil Servant.@@einstein9901
@JosephKongsingchiong
@JosephKongsingchiong 8 ай бұрын
One of important noted infor ..😅goodness 🙏,so can know a lot more..
@choysum
@choysum 7 ай бұрын
You get two diff pension from being ADUN and MP yes?
@popocucu7749
@popocucu7749 8 ай бұрын
Small country with 33 million population, Malaysia has one of the highest number of MP per capita. So we have fat goverment budget.
@davidlim5
@davidlim5 7 ай бұрын
MPs should be entitled to pension AFTER serving 2 terms or 10years serving the Rakyat.
@TheDuke792
@TheDuke792 8 ай бұрын
It’s always good to have a financial plan. I work with a licensed planner and fixed-income strategist in LA that helps me sort out these plans of investments
@John-ww2fv
@John-ww2fv 8 ай бұрын
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
@TheRothschild770
@TheRothschild770 8 ай бұрын
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
@ThomasColt
@ThomasColt 8 ай бұрын
I am a dividend investor for the most part but I have bought Tesla stock a couple of times. However I have bought Tesla stock again and will hold for the long haul this time.
@JasonAmir-qo4uo
@JasonAmir-qo4uo 8 ай бұрын
I wasn’t sure with investing money for a new car, but I’ve made over $58k since 2022 from learning from Chris and still bought my dream car. Thanks😭
@SeanJohns-ze8ie
@SeanJohns-ze8ie 8 ай бұрын
Is it possible to get in contact with a person like that?
@laychun85
@laychun85 8 ай бұрын
In term of the national digital ID perspective, it is a great way and initiative for the Rakyats to utilise it, when we all want to apply government permits, banks loans or checking school results. It is time saving, less human errors and touch points, of course, minimising the bureaucracy and corruption.
@masterseries4004
@masterseries4004 8 ай бұрын
Your personal Data with your family members data will be leaking from government departments and sold to marketeer or worse to scammer. Bankers and scammer would keep calling you and your family members for offering loan and gifts that you won, required you to pay stamp duty and other cost in order to redeem it. Currently ( old government system) departments system are very (corruption system ) easy to attack due to incompetence consultant engaged by previous government.and difficulty to user (no user friendly). Wait for AI version to be implement by government for today. Easy,accurate,fast,and user friendly and good personal security Data control.
@LeonHoooo
@LeonHoooo 8 ай бұрын
Man if this is how Malaysian government is doing things, many structural decision needs to be reformed
@peterlim5665
@peterlim5665 7 ай бұрын
Dr Ong is a FM material 😊
@pangalvin3658
@pangalvin3658 8 ай бұрын
Hi u try using the digital portal to apply for pass port. I tried and it was a bad experience. End up.. have to fall back to the old ways of spending half a day there.
@chongweiwithathan2785
@chongweiwithathan2785 8 ай бұрын
Surely its getting better, just still some bug… hopefully they resolve it sooner…
@yeager50000
@yeager50000 8 ай бұрын
Dr OKM byk free time ya sekarang 😁
@sharveenveen6360
@sharveenveen6360 8 ай бұрын
Couldn't find the webull sign up referral link.
@Tootezz
@Tootezz 7 ай бұрын
I wish I get a father that like him.😢
@asalkanbersih
@asalkanbersih 8 ай бұрын
Yes, too much.
@ahchai5050
@ahchai5050 8 ай бұрын
The only problem with that budget allocation is its only more on developing Malaya. It's never about Malaysia because Sabah/Sarawak are always far behind interm of development
@roticanai7404
@roticanai7404 8 ай бұрын
Beza malaya dengan borneo..di malaya bukan hanya ada orang malaya tapi orang borneo juga ramai yang bekerja/bisnes disini..mereka duduk sini ada rumah dan perniagaan disini.. Manakala borneo lebih kepada diskriminasi kepada malaya hanya public servant malaya sahaja boleh berkhidmat disana.. Jadi perlaburan kerajaan dimalaya lebih penting sebab semua bangsa dari malaya/borneo yang ada disini..
@dannyric3676
@dannyric3676 7 ай бұрын
That had been the case for the last 50 years give or take and in addition of with the plundering of nation’s wealth and all. Fortunately, scenario’s improving and be aware of the increase of allocation development budget to Borneo region in current days.
@maryngeoh9007
@maryngeoh9007 8 ай бұрын
No budget, simple just borrow lah.
@user-vd7kb4sp9s
@user-vd7kb4sp9s 7 ай бұрын
What PAs do. Masuk pocket
@tiatine9752
@tiatine9752 8 ай бұрын
Those contents should go in more deeper. His answer is safe playing. 1)x agree digital ID. He didnt mention on privacy leakage problem. M'sia gov cannot guarantee on the safety concern, so dont compared wif S'pore. They has strict law & can implement well. 2) Dr has mention instead of cutting down civil servants, can allocate them in diff position. But by implementing digitalization doesn't help cutting gov expenditure at all, ppl r paying twice on officers wages & digitalization implementation juz for gov good image ??( N tat is not consider efficiency of gov !! 国王的新衣,要大家一起装傻吗?) 3) about the MP pension, the issue is not transparent at all. Should ask MP Syed Saddiq on details. 4) about finance minister daily task, dont he think tats sth should be trimmed? it's not only about deputy finance ministers' power but fairness + efficiency+ effectiveness (in long term). 5) MP's KPI are set by themselves. I dont get the term 'fair' saying by Dr. Who will review their KPI? at the end of the day , ppl r just listening. Sports is diff story, ppl has emotional + lost rational when competition is happening. No one will ignore YB Hannah Yeo' s work hard attitude + her contribution. 6) If MP refuse to retire bcos of limit on job employment available after they hv retired. It's not the reason for ppl to agree on pension as the solution. Young candidates will not benefit at o bcos those old ppl after holding power+ support, nth will chg their mind to retire, even thru at the age of late 80-90++. Y those ppl (famous politicians) wan retired? mostly is they know situation is not sides them anymore.
@moussecakemaker4344
@moussecakemaker4344 6 ай бұрын
Malaysian mp are being paid peanuts compared to their sinapore counterpart monthly allowance of sgd $ 16,041/ myr $ 56099.76 😅
@mingticheah6136
@mingticheah6136 8 ай бұрын
The reason provided for a high pension is unjustifiable. Given all our future career is not guaranteed (as changes in technologies may make us obsolete), I don't see why MP should have a guaranteed high pension. Please be realistic and join the rakyat
@mfaisal447
@mfaisal447 8 ай бұрын
finally a good content explaining goverment procedure challenge and rational rather a populist half ass no ation talk by that SS
@asyrafnajmi7602
@asyrafnajmi7602 8 ай бұрын
Betul bang 😂
@Antraz8814
@Antraz8814 8 ай бұрын
Civil servant cannot be sacked? dam nonsense especially when there are so many dead weight inside. Total BEBAN!!
@mat998332
@mat998332 8 ай бұрын
Yes its true mate. The only thing u can do is transfer them
@petergohtek5842
@petergohtek5842 6 ай бұрын
26:26
@masterseries4004
@masterseries4004 8 ай бұрын
For government staffs shall pay well to them if only they are achieve the real life KPI . This apply to every minister with huge bonuses, if evey programming implemented accordingly and every targeted achieved the benefits and generated positive impact. Civil servant shall be able to fire if they do not performing to the KPI as compare to private banking sector. Colonial system in civil servant (how bad the British system is doing now, nothing to be proud of by Britain) is bad and obsolete,no performing in general public service.
@casual4974
@casual4974 7 ай бұрын
Good pensions will encourage politicians not to overstay too long on their job? You must be kidding me or you are talking about other country which is NOT Malaysia. As a Malaysian politician, they want BOTH high pay pentions and keep getting high pay salaries/pearks. Had high hope on this interview. The host also avoided to go deeper into issues that Mr Ong will have hard time to answer. Wasted my time. Damn, should have watch some movies instead Next time please do a favour mention in the title that it will be just some kopi table cakap cakap in similar interviews
@ngrobert5054
@ngrobert5054 8 ай бұрын
Better become minister
@user-uw1br3cr8d
@user-uw1br3cr8d 8 ай бұрын
The govt. needs such professionals as a think tank in formulating polices and its implementation for the good of the citizens
@sirzechs3960
@sirzechs3960 8 ай бұрын
Why the host keep say right right. He act surprised at everything little thing
@kentyee4138
@kentyee4138 4 ай бұрын
If those mps feeling not as good as Singapore that go to Singapore loh. Many talking is better talk those never ending corrupted practices. SMiLE 😀
@alexcheng3575
@alexcheng3575 7 ай бұрын
Public is paying the tax and what MP responsibility talk much but not education type but not work it out and DONE for the LIFE better than public a lot
@Davyjones5454
@Davyjones5454 6 ай бұрын
MP not really pencen. Their side income is better.
@sivaloganathank1712
@sivaloganathank1712 6 ай бұрын
I think you are talking rubish about. Pension for MP s. The pension runs into more than billions
@sonnykhoo7236
@sonnykhoo7236 8 ай бұрын
Last time PH brought down the government in 2018 one key factor is GST. I actually supported GST. But not corruption. So the focus should have been fight corruption. Now want to implement GST. I still support it. Best way forward. So why cannot do? Cos u trapped yourself. So just bite the bullet. U got 4 years more. Do well get rid of corruption and be a fair and effective government. 60 years people like me waited. Cukup d. Move your asses
@peggylai6610
@peggylai6610 8 ай бұрын
How many of them really work for rakyat ? N think for the benefit of rakyat ? While everyone of them r taking the gaji of rakyat ?
@PL-lt3wz
@PL-lt3wz 8 ай бұрын
Most of them underperform.
@user-uw1br3cr8d
@user-uw1br3cr8d 8 ай бұрын
Interestingly, who sets the KPIs, who sets the KP!s of ministers and how is it evaluated, subsequently. By the way, who sets the KPI of the Prime Minister?
@nurkhairizadmd.zawawi9975
@nurkhairizadmd.zawawi9975 5 ай бұрын
Mp’s are overpaid and lotsa bs especially when they came together and agree to proposal to increase their salary like last time 😂 bile tang gaji derang bukan main sume setuju bawak usul. Bila tang rakyat, mcm2 alasan, kos tgi la, bisnes lingkup la, nenek blh mati la, anjing sakit la bla bla bla bla
@KOKCHANGPAN
@KOKCHANGPAN 8 ай бұрын
Imagine being able to change the laws that can benefit you....
@adrianch00
@adrianch00 8 ай бұрын
Lol... Wait till you see what Singaporean MPs get paid... 😂
@MohamedElias-de3gp
@MohamedElias-de3gp 7 ай бұрын
Tipu all🫐🍒
@RealMalaysian123
@RealMalaysian123 6 ай бұрын
OKMan, tell that to the inbecile Anwar, who is holding BOTH the role of prime minister AND minister of finance!
@SohaiKia
@SohaiKia 8 ай бұрын
your content quality very low
@Davyjones5454
@Davyjones5454 6 ай бұрын
Yeah. The host never challenge YP Ong. Never give counter view.
@acapfunknoobboi8568
@acapfunknoobboi8568 5 ай бұрын
u want to serve the people n government n want name n money right? so no need la pensions. come on. how many ex mp's we see freakin rich using their "cable" n name for business.
@chalisblur
@chalisblur Ай бұрын
To be real here, a lot of excuses packaged in nice sounding words. At the risk of sounding brash, as corporate guy working as a pm in SG. These problems are not new, public service should learn from the private sector. The superpower of public sector is that you are not beholden to ultimately make profit, but can elevate service, quality, and stakeholder (citizens) wellbeing above the drive for profit. From this talk, the problems are basically: • one employee many boses. • no clear scope definition, so no clear kpi, hence no clear person in charge to take responsibility. Ping pong all day. • why is the finance minister signing 3 feet of papers? Why must the PM be the finance minister? No wonder no leadership in this country if those two donkey jobs need to be handled by a single head of state. National digitization initiative is good, but just take good parts from countries 40 years ahead of us, dont need to reinvent the wheel. More an effort in localization to local needs, rather than inventing and deploying. Still, it's a good talk and appreciate the thoughts and inputs from an experienced politician. Cheers guys.
@teddycat1212
@teddycat1212 8 ай бұрын
If u dont pay enogh to mp…they can go corrupt😂
@chongweiwithathan2785
@chongweiwithathan2785 8 ай бұрын
True also
@ganendranpillay3283
@ganendranpillay3283 8 ай бұрын
that didnt stop najib liao. come one. people if given the opportunity will always find a way.
@user-uw1br3cr8d
@user-uw1br3cr8d 8 ай бұрын
This is just a fallacy. In many instances and neighboring countries,, although the Minister or MP is paid excessively by normal standards and yet there is corruption. How come? Greed is the underlying factor and not so much is one's salary.
@margarettoo9858
@margarettoo9858 8 ай бұрын
Some people just know how to criticise, think they are better than Dr. Ong and a lot of Mr/ Miss know all giving comments.
@FrancisMichael-ld2wi
@FrancisMichael-ld2wi 8 ай бұрын
I'm celebrating a $32k stock portfolio today. I started this journey with $4000 have invested on time and also with the right tearn now have time for my family and the life ahead of me
@JesusLeagueofLegends
@JesusLeagueofLegends 8 ай бұрын
please how, am still a newbie on investment trading
@mamemez194
@mamemez194 8 ай бұрын
All you need as a beginner to make good profit from Bitcoin is a professional trader who will trade on your behalf else you may make losses
@lambeturah4707
@lambeturah4707 8 ай бұрын
ever since i came across bitcoin trader Marie Brandon my life have totally changed. yours can also change it's just a matter of commitment and focus
@nilsuhanarslan9062
@nilsuhanarslan9062 8 ай бұрын
I have also been trading with her, profits are secured and over a 100 percent return on investment. She's such an amazing woman with good skills keeps me happy all week knowing I earn $15,000 extra income trading with her.
@user-hz9wq9jl2r
@user-hz9wq9jl2r 8 ай бұрын
My financial life has completely changed all thanks to Marie Brandon awesome trading strategies!!!
@MorningRevivalChurch
@MorningRevivalChurch 8 ай бұрын
rubbish excuse
@jamesdante1690
@jamesdante1690 8 ай бұрын
Most of them get under table profit and yet need to waste tax payer money to pay their salary for their disgusting behaviour!!!
@Davyjones5454
@Davyjones5454 6 ай бұрын
They become MP not because of the salary or pencen. It’s because side hustle for the MP ! 😅
@SohaiKia
@SohaiKia 8 ай бұрын
your content quality very low
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