There’s no specific reason why I wrote about this topic. Probably it’s just a spark in my mind due to amazing sightings while driving around Kuching and while talking to some old friends at a kopitiam. And mind you, I’m not bias or in favour of any political parties as this is merely my observation and neutral perspectives. Not more than that.
Many things have changed since the salary revision in 2011 for all government servants. Of course the government servants were happy about it and so do the manufacturers, suppliers, middlemen and businessmen, who seized this opportunity to raise the price of goods and services. (Here comes the inflation!) But can’t really blame them because they also wished for higher income.
1. Higher Purchasing Power on Luxury Houses:
Beginning 2012, developers claimed that many government servants can already afford to buy half a million worth of houses in Kuching (Good for them) either through a big deposit or upfront payment or through a joint-loan by husbands and wives. I remembered five years ago, I used to seeing red cloths hanging on the doors of these luxury houses and you now what I meant right?. They belong to either business tycoons or heirs of wealthy men. But now, things have changed. These houses are owned by the humble and low profile Bumiputeras who work in the government sectors (no wonder the debts of government servants are higher nowadays. Oops! ). And the salespersons would put a 6-inch smiles on their faces when someone introduced themselves as a government servant.
2. Better Purchasing Power on Luxury Cars
Long ago, no government servant dared talking about buying a car worth more than RM100k unless with good side income. If you take time to observe all the luxury cars on the road, you’ll be surprised that they are driven by government servants. They are now purchasing imported cars such as Alphard, Pajero Sports, Kia Optima, Mercedes and many more. Let’s rule out bribery ok? Seriously, our government was quite successful in reducing bribery by giving higher salary to them. Even the low ranking staff with N1 grade now could afford to own a Saga BLM instead of a motorcycle. But again, because it’s easier to own a car with the current salary, lately, the Bank Negara had imposed stricter rules for loan approval, hoping that Malaysian debts would not be at an alarming rate.
Physically, Malaysians may be successful in obtaining better properties however, we are still vague about how it affects them emotionally because these people may face problems feeding their family with the limited budget left after the loan deduction or maybe couldn’t sleep well thinking about the mounting bills they have to pay monthly. Nevertheless, if they are still happy with their lives due to good financial planning, then i would give them a thumb up!