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+6MAKING A PLAN WITH YOUR ACCOUNT As a low income earner I want to be able to manage my account and not over spend my salary every month. To describe myself in regard to my topic, I live independently. I have rent, bills and items to buy, but at the end of the day I act like a Consumer, and I spend. Like any other individual I ask myself, what have I done with the money I’ve earned? I have so many things I want to do, that I hope to do when the time comes and I don’t want my spending ways to limit that. So I sat down and thought about how I could plan my finances. I came up with an idea which I think in my opinion can help the middle, low income earners and me. Using myself as an example, with my bank I have one account where all my salary if I get R10000 every month, goes to. I have expenses I have to pay for; monthly expenses, random expenses, future expenses. Monthly Expenses These expenses are basically payments I have to make every month like rent, water, electricity, DSTV, gym, transport/fuel, insurance, license, groceries, maid/gardener etc. Random Expenses These expenses are not paid monthly but can be paid anytime. More like expenses that arrive when you’re not expecting them to. These expenses are affected by our decisions. Maybe you randomly decide to go out, or a music festival event comes along, or you have random repairs to do, or unexpected sickness etc. Future Expenses These expenses require room for money accumulation. To be more specific, saving money to pay for things like; furniture, car, upcoming holiday, house etc. Above are examples of expenses I would spend my salary towards as an individual and at this point in my life. We are all people but we are all different, therefore we have different expenses. When I came up with this idea, I asked my sister how she manages her finances. She stays in England with her Husband, and both of them are newlyweds. They each contribute to rent and other monthly expenses. They have their own expenses that they cater each for themselves. I told her my idea and she told me that she has two accounts with different banks because she wanted to separate money for rent and other things so she doesn’t have to spend money that she wants to save. If it was a possibility she would like to have different accounts for her main expenses. THE SUGGESTION Instead of opening different accounts with different banks, I thought the partitioning will instead take place in my account. If it was made possible, I could go online and access my bank account and with available ‘command options’, I could create multiple sub-accounts with different expense sub headings of my choice and manage my finances. Sub-accounts (rent, electricity, internet, car, holiday, fees, etc). Let’s say this option is now possible, immediately after getting paid (R10000) I would open my account and would divide my money and spread it across the different sub accounts. This would mean that whenever I get paid, my money will always be accumulating in my sub-accounts. If I run out of money to spend at an outing, at least I have money saved for electricity. If there is a delay in my monthly salary payment, I have rent money saved in my sub-account. If by any chance I fall sick, I won’t hesitate to go to the doctor because I have a sub-account for my health. And by the time December approaches I can plan for a holiday because I saved for that, which in addition if I have children I can also open sub-accounts for their fees and so on and avoid January disease. Benefits of this suggestion Better managing of one’s finances With this option available to me, I would avoid reckless and impulsive spending. Sometimes people have money in their account and don’t know what to do with it and just use it for things that don’t matter. Others don’t even know how to save, they just spend on alcohol, casino etc. If it’s lying there in the account with no name attached to it, a person will just think about the present and spend and live in the moment. Makes people want to save more With this option available, I would save more and better than I did in the past. And in my opinion I think more people would open bank accounts if they didn’t have one previously and start saving. Increases people’s living standards If people had this option available their living standards would be improved. People can avoid January disease, or accidental situations that occur and require money – a person that has been saving can work their way around such situations. People’s bills and dues will be paid in time and many people can go on holiday. Children accounts My plan when I am ready for children is to open a bank account for each. If this idea is possible, there will be an example of the following sub-accounts; fees, uniforms/sports gear, stationary, spending money, boarding grocery, hair etc. When children come into the picture everything changes because you have extra people to look after. CONCLUSION This is an idea or suggestion in my opinion would help me manage my funds meaningfully and I think the rest of the population would benefit also. I got this idea from my first job and I experimented using piggy bank boxes with names attached to them of what the money was for. From this idea, my spending was managed. My impulsive spending was limited and I bought stuff I really wanted after a period of saving and more. To me I felt like I achieved something with my money and the feeling was good. Thank you for the time you took to read this!
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0Does Creating A State-Owned Enterprises Holding Company Is The Right Thing To Do? Rini Soenarno, The Current Ministry of State-Owned Enterprises (SOE) in Indonesia, has created a strategy that is considered to contribute the acceleration of development in Indonesia. In this way, the expected funds for development in Indonesia could be flowing swiftly. These plan are listed in the Roadmap 2015-2016 the framework of SOE called the state-owned holding. This strategies of financial development include many sectors of enterprises such as housing, mining, oil and gas (oil), toll roads, financial services, and food sector. (Marcell, 2016) Until this year, there are about 120 state-owned enterprises are divided into various business sectors such as information and telecommunications, financial services and insurance, mining and quarrying, professional services, and so forth. Several reasons have been formulated by the Ministry of SOEs on the formation of the holding. One of the reason is to strengthen and facilitate the capital investment of SOEs through a synergy between similar SOE to not always depend on the state budget. In addition, funds obtained will be channeled to productive sectors or rill with efficiently and integrated, so that it can be a driver of national economic locomotive to influence globally. (Pratomo, 2016) Enough with the plus side, the establishment of state-owned holding also raises cons. Cons that emerged was the result of the presence of several obstacles that must be resolved accordingly. One of the obstacles most basic is the lack of legal basis that should be consistent with the strategy is on the contrary to be opposed, especially in Act Number 19 of Article 1 of 2003 on State Enterprises, Law No. 5 of 1999 on Prohibition of Monopolistic Practices and Unfair Business Competition, and in Government’s Rules (PP) No. 44 of 2005 on the Administration of the State Capital Investment making SOE and other company, must be limited. So many rules that need to be further amended in order to support this plan, so it must be adjusted to market demand. (Son, 2016) Not only about the law, state-owned holding also reap the problem on their legal status, this issue does relate to the above contention rules. The legal status is not only effecting the companies but also involving employees and permissions. Status of the company, licensing, and standards of employees that have been achieved before the merger is likely to be lost. These risks who need to be well considered by the owners of the company. (Son, 2016) Benchmark Khazanah Nasional Bhd, the Malaysian holding company, acting as a parent of some state-owned companies for commercial purposes. The impact of this establishment is the increase The Added Value of Khazanah. Valuenya up to 3 (three) times within 10 (ten) years of the last, where in 2013 the treasury has a value of US $ 33.04 million, then which previously was only about US $ 10.63 million. Holding Company has now been run globally with a role as an investment holding company for the 11 industrial sub-holding, such as infrastructure, construction, health, etc. The success of the creation of the treasury caused by the sharing of risks or duties in accordance with a clear organizational structure. The divisions are divided into two (2) sections that will be between the board (representatives of government) as a regulator of the macro issues and regulations are directly responsible to the Prime Minister of Malaysia. The second part, the role of management under CEO acts to regulate the micro corporations. (Pranoto & A. Makaliwe, 2014) Based on the problems being faced between Indonesia with examples of cases in Malaysia in essence, this strategy implementation project deserves to be continued, but needed a clear legal status to divide each of the roles needed in these activities. Necessary human and system appoarch to invite other business entities Indonesia and analyze the form holding company, operating systems, as well as finding the ideal strategy in the practice of holding. Many things done by any measures that is expected to function as a way to create a holding company of the country. The hope of these holding companies that can provide great benefits to the Indonesian people and also be able to compete globally
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+1U.S. Probes Chinese Ownership of CIA-Linked Insurance Company. WHAT>???????? Federal investigators are taking a close look at the Chinese ownership of an American insurance company that has been selling legal liability insurance to senior CIA, FBI and other intelligence officials and operatives for decades. The company, Wright USA, was quietly acquired late last year by Fosun Group, a Shanghai-based conglomerate led by Guo Guangchang, a billionaire known as “China’s Warren Buffett” who has high-level Communist Party connections. The links between Guo and Wright USA came under scrutiny by the Treasury Department’s Committee on Foreign Investment in the United States, as well as the Office of Director of National Intelligence, the coordinating body of all U.S. spy agencies, soon after Fosun announced the purchase of Wright’s parent company last November. The FBI has also launched a criminal probe into whether the company made “unauthorized disclosures of government data to outsiders,” according to a well-placed source, who like others, spoke to Newsweek on condition of anonymity because the information was sensitive. More U.S. Probes Chinese Ownership of CIA-Linked Insurance CompanyA Chinese billionaire with high-level Communist Party connections now heads an insurance company that has long catered to senior CIA officers.http://www.newsweek.com/wright-usa-fosun-group-insurance-company-china-476019?utm_medium=email&utm_source=Who-lost-Libya-&utm_campaign=newsweek_email_newsletterImage for post U.S. Probes Chinese Ownership of CIA-Linked Insurance Company. WHAT>????????  Federal investigators are taking a close look at the Chinese ownership of an American insurance company that has been selling legal liability insurance to senior CIA, FBI and other intelligence officials and operatives for decades.  The company, Wright USA, was quietly acquired late last year by Fosun Group, a Shanghai-based conglomerate led by Guo Guangchang, a billionaire known as “China’s Warren Buffett” who has high-level Communist Party connections.   The links between Guo and Wright USA came under scrutiny by the Treasury Department’s Committee on Foreign Investment in the United States, as well as the Office of Director of National Intelligence, the coordinating body of all U.S. spy agencies, soon after Fosun announced the purchase of Wright’s parent company last November. The FBI has also launched a criminal probe into whether the company made “unauthorized disclosures of government data to outsiders,” according to a well-placed source, who like others, spoke to Newsweek on condition of anonymity because the information was sensitive.
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