Monthly Double Instalment Pay – The Good and the Bad

The Malaysian government recently announced salary payment in double instalment for civil servants from August. That is among its measures to deal with the recent global fuel and food price hike. The 1st instalment will be paid in the middle of the month while the rest will be paid at the end of the month.

THE GOOD

With the pay revision, most will be prudent of their spendings, especially those earning above RM6K and savings above RM100K. Most will wait for the next pay day to get their monthly fix.

THE BAD

For those who earn and have savings below RM1k, it is bad news. Take my advice. Do not withdraw the 1st one. You will not be able to pay your instalment for your car. It is however, advisable to wait for another one to come out.

Meanwhile, CUEPACS president, Omar Osman said, “Let civil servants moonlight as they have no other alternative.” In response to his remarks, Deputy Human Resources Ministry, Datuk Noraini Ahmad welcomed Omar’s , but she warned, “Don’t lose out on your main job.”

With the salary revision, I surely am going to keep my 1st one until the next one. With that, I shall (NOT I will) be able to pay my car’s instalments. I consider blogging more often to earn more out of my core job.

[LATEST UPDATES! : After much consideration and feedback, the Malaysian government has cancelled the salary payment in double instalment which was going to be implemented in August. This was finalised by the Chief Secretary to Malaysian Government, Tan Sri Sidek Hassan.]

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Monthly Double Instalment Pay – The Good and the Bad

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