Things that might spice up your life... Don't Worry, Be Happy
Sunday, October 31, 2010
Remember that all service stations have their storage tanks buried below ground. The colder the ground, the denser the fuel, when it gets warmer petrol expands, so buying in the afternoon or in the evening.... your liter is not exactly a liter.In the petroleum business, the specific gravity and the temperature of the petrol, diesel and jet fuel, ethanol and other petroleum products play an important role. A 1degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.
ONE OF THE MOST IMPORTANT TIPS IS TO FILL UP WHEN YOUR TANK IS HALF FULL.
The reason for this is, the more fuel you have in your tank, the less air occupying its empty space. Petrol evaporates faster than you can imagine. Petroleum storage tanks have an internal floating roof. This roof serves as zero clearance between the petrol and the atmosphere, so it minimizes the evaporation. Unlike service stations, here where I work, every truck that we load is temperature compensated, so that every liter is actually the exact amount.
WHEN YOU'RE FILLING UP, DO NOT SQUEEZE THE TRIGGER OF THE NOZZLE TO A FAST MODE.
If you look, you will see that the trigger has three (3) stages: low, middle, and high. In slow mode, you should be pumping on low speed, thereby minimizing the vapors that are created, while you are pumping. All hoses at the pump have a vapor return. If you are pumping on the fast rate, some of the liquid that goes to your tank becomes vapor. Those vapors are being sucked up and back into the underground storage tank so you ' re getting less worth for your money.
ANOTHER REMINDER, IF THERE IS A FUEL TRUCK PUMPING INTO THE STORAGE TANKS, WHEN YOU STOP TO BUY, DO NOT FILL UP.
Most likely the petrol/diesel is being stirred up as the fuel is being delivered, and you might pick up some of the dirt that normally settles on the bottom.
Thursday, October 21, 2010
Government revises growth rate for 2010 to seven per cent from six per cent previously.
Income per capita to increase 6.1 per cent to RM28,000.
Private investment to expand 12.5 per cent to RM86 billion.
Twelve National Key Economic Areas (NKEAs) to generate over RM1.3 trillion in investment and create 3.3 million job opportunities.
Government to provide allocation as a tipping point for infrastructure support to ensure viability of private sector-led projects.
Several public-private partnership (PPP) projects under the 10MP to be implemented in 2011 via a RM12.5 billion private investment.
The Academic Medical Centre, a joint-venture between Academic Medical Centre Sdn Bhd and John Hopkins Medical International as well as Royal College of Surgeons, Ireland, is another identified PPP project with RM2 billion private investment.
Government to consider special incentive packages to attract investors to the Kuala Lumpur International Financial District (KLIFD).
The Mass Rapid Transit project will be implemented beginning 2011 with private investment of RM40 billion and to complete by 2020.
The Employees Provident Fund to undertake mixed development at the identified Malaysian Rubber Board land in Sungai Buloh with an estimated cost of RM10 billion, to be completed by 2025.
To support financial liberalisation policy, the government will implement bold measures to revitalise the domestic capital market particularly diversifying investment products, liberalising equity holding requirements and investment limits, providing attractive incentives as well as enhancing cooperation with foreign bourses.
Government-Linked Investment Companies (GLIC) to divest shareholdings in major companies listed on Bursa Malaysia and are allowed to increase investment in overseas markets.
Bursa Malaysia to launch Sukuk and conventional bonds to meet retail investors' demand for fixed income instruments.
Securities Commission to offer three new stockbroking licences to eligible local, foreign or joint-venture companies.
Bursa Malaysia to develop an international board to enable foreign securities to be listed including syariah-compliant products.
Tax deduction on expenses for the issuance of Islamic securities which adopt the principles of Murabahah and Bai' Bithaman Ajil based on tawarru.
Double tax deducation on takaful contributions for export credit.
Malaysian Technology Development Corporation (MTDC) to provide a start-up fund of RM100 million to provide soft loans which allow loan repayments only after the companies generate income.
Bumiputera Property Trust Foundation (BPTF) to launch a syariah-compliant Bumiputera Property Trust Scheme of RM1 billion.
Private pension fund to be launched in 2011 to benefit private sector employees and the self-employed.
Existing income tax relief of up to RM6,000 for employees' contributions to the EPF will be extended to the contributions made to the Private Pension Fund, including the self-employed. Employers will also be given tax deduction on contributions made on behalf of their employees.
A sum of RM857 million allocated for local companies to invest in high value-added activities, particularly in Penang and the Kulim High-Tech Park in Kedah.
Government allocates RM146 million to support oil, gas and energy industry. Among projects to be implemented include the establishment of the Oil Field Services and Equipment Centre in Johor with private investment of RM6 billion over a period of 10 years.
Petronas will implement a regasification project with an investment of RM3 billion in Melaka and will be operational in 2012.
Pioneer Status and Investment Tax Allowance for the generation of energy from renewable sources and energy efficiency activities to be extended until Dec 31, 2015.
Import duty and sales tax exemption on equipment for the generation of energy from renewable sources and energy efficiency to be extended until Dec 31, 2012.
Tax exemption on the income derived from trading of Certified Emission Reductions certificate to be extended until year of assessment 2012.
Import duty and excise duty exemption duty to franchise holders of hybrid cars will be extended until Dec 31, 2011 with excise duty to be given full exemption. This incentive is also extended to electric cars as well as hybrid and electric motorcycles.
Government will implement the Feed in Tariff (FiT) mechanism under the Renewable Energy (RE) Act to allow electricity generated from RE by individuals and independent providers to be sold to electricity utility companies.
Government will extend the investment allowance period for the last mile broadband service providers. In addition, import duty and sales tax exemption on broadband equipment are also extended for two years until 2012.
A sum of RM91 million is allocated for capacity building in the maintenance, repair and overhaul (MRO) services industry, aerospace and aeronautical engineering training programmes as well as promotion of business outsourcing services.
Government allocates RM850 million for infrastructure support for corridor and regional development. Iskandar Malaysia (RM339 million), Northern Corridor Economic Region (RM133 million), East Coast Economic Region (RM178 million), Sarawak Corridor of Renewable Energy (RM93 million), Sabah Development Corridor (RM110 million).
A sum of RM411 million is allocated for the research, development and commercialisation activities.
A sum of RM71 million is allocated for Special Innovation Unit (UNIK).
The new Insolvency Act will consolidate the Bankruptcy Act 1967 and Part 10 of the Companies Act 1965, including introduction of provision relating to relief mechanism for companies and individuals with financial problems. The review will also involve amending the current minimum bankruptcy limit of RM30,000.
A sum of RM200 million is allocated to purchase creative products such as high quality locally-produced films, dramas and documentaries.
Allocation of RM212 billion for Budget 2011 of which RM162.8 billion is for operating expenditure and RM49.2 billion for development expenditure.
Federal government revenue collection to increase 2.3 per cent to RM165.8 billion in 2011 and its deficit to decline to 5.4 per cent of GDP compared with 5.6 per cent in 2010.