i dont know wether this is a good policy for the Malaysian government...if they do not take care of their cash flow management properly....they may end up 'cash less' in a very short coming future
as we all aware the average cycle of credit terms in the market are from 30 to 90 days....our pay day(a.k.a salary) turn around every 30 days or more
so you can see why must we put the 'BALANCE' in the market...you don't have to put the money 2 or 4 times a month when the market does not run that way to generate the economic chain reaction
why must the government rush spending and paying it's DUE, when it receives the FUNDS(through Inland Revenue Board) once a year or better known regime SELF ASSESSMENT SYSTEM every month for an uncertain future profit?
please let the economist and accountant do the calculation...and not some 'SASTERA' or 'SAINS POLITIK' degree holder do the calculation in the TREASURY
the regret is ain't over yet....duhhhh
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from 30days to 14 and now 7 days credit term by government
2:44 AM | Filed Under cashflow | 0 Comments
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the truth is
when law was made, it was meant to be enforced and abide
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