Rightways to Success

Sunday 17 August 2014

Let us talk money, honey!

IN the old days of match-making, parents ask their prospective son-in-law about his income so that they can assess if he was able to support their daughter comfortably or at least to the level of what she’s been used to.

I suppose this was to ensure a longer lasting marriage.

While having a lot of money is not the cure-all to marital ills, financial issues are apparently a predictor of marriage breakdowns, according to a study done by Dew, Britt and Huston titled Examining the Relationship Between Financial Issues and Divorce.

In modern times, talking about money is a bit insensitive - rendering the person asking like a gold digger.

But perhaps it is actually something practical that we should be talking about to ensure the relationship has another one-up chance of survival.

After all, we are so hung up on making sure our partner has similar interests, complementary goals, good emotional intelligence, and some intelligence quotient. Surely the financial alignment is important,too.

While I do agree that it is quite hard to ask bluntly how much a person is earning on the first or second date,it maybe all right to ask:

1)What is your money management style? Do you pay your self first or last?

2)What percentage of your income do you save?

3)How are you planning for retirement?

4)Which do you think is more important - earning more money or saving more money?

5)How do you feel about sharing financial information with your partner?

6)On a scale of1to 10, how do you think you fare in the money manager role?

7)How do you feel if you have less than three months’ emergency money?

These questions may get you a lot of different responses, and from these responses you get a better gauge about your prospective partner’s view on personal finance.

After all, it’s not about how much money is made but rather how well that money is managed that is the most important.And also, this may help avert a marital disaster.

By AMELIA HONG AND
SENIOR VICE-PRESIDENT OF
SUCCESS CONCEPTS LIFE PLANNERS
The writer can be contacted info@successconcepts.biz
Archives | The Star Online.

Let the sunshine & natural light in for better health, quality life, more sleep at night

A study has concluded that windows in the workplace could mean up to 173% more white light exposure during the day and an average of 46 minutes more sleep at night. – AFP

A STUDY from Northwestern Medicine and the University of Illinois at Urbana-Champaign indicates that all-day exposure to natural light, even by means of a window, leads to longer sleep duration at night, as well as increased physical activity and quality of life.

“There is increasing evidence that exposure to light, during the day, particularly in the morning, is beneficial to your health via its effects on mood, alertness and metabolism,” says senior study author Dr Phyllis Zee, a Northwestern Medicine neurologist and sleep specialist.

The study was conducted on office workers, and windows in the workplace could mean up to 173% more white light exposure during the day and an average of 46 minutes more sleep at night, researchers concluded.

They also noted a trend of workers with more light exposure being more physically active than their counterparts.

In the study, researchers surveyed 49 day-shift office workers, of which 27 worked in windowless offices and 22 had windows in their offices.

Quality of life and everything health-related was self-reported, whereas sleep was assessed by means of the Pittsburgh Sleep Quality Index (PSQI).

A subset of 21 participants was surveyed for light exposure, activity and sleep by means of actigraphy. Ten of these participants worked in windowless environments and 11 hailed from workplaces with windows.

Actigraphy logs ambulatory physiological data, in this case motion and light illuminance, by means of a scientific wearable device.

“Light is the most important synchronizing agent for the brain and body,” says Ivy Cheung, co-lead author and Ph.D. candidate in neuroscience in Zee’s lab at Northwestern. “Proper synchronization of your internal biological rhythms with the earth’s daily rotation has been shown to be essential for health.”

Sunlight is an important source of vitamin D and a CDC report indicates sun exposure is important even for breast-fed babies, despite the high quantities of vitamin D in breast milk.

The study was published in the Journal of Clinical Sleep Medicine. – AFP Relaxnews

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Saturday 16 August 2014

Are the problems of Malaysia Airlines, symptomatic in other government-linked companies?

Lots of public funds will be spent to make things right at MAS, and it will start with the RM1.4bil takeover of the airline.

THE events of MH370 and MH17 have soured the operations of Malaysia Airlines (MAS), where the extent of the damage from these events on its financials will be more accurately shown when the airline reports its quarterly figures next week.

While these tragedies have led to MAS’ major shareholder, Khazanah Nasional Bhd, offering to not only take the company private but also undertake what appears to be an exhaustive overhaul of the airline’s operations, the problems at MAS have been simmering for a long time now.

The airline has been losing money for some time, and previous turnaround plans, in hindsight, were akin to applying bandages when major surgery was needed. Previous turnaround plans might have just delayed what needs to be done now.

But all gloves are off with the upcoming overhaul when it comes to salvaging MAS. Political will appears to be there, judging from comments made by the Prime Minister and the airline will undergo a big transformation on how it operates.

Lots of public funds will be spent to make things right at MAS, and it will start with the RM1.4bil takeover of the airline. The overhaul of MAS should be more than just cosmetic or quick fixes.

While the airline’s revenue will surely slump, MAS also has to deal with its cost. As it stands, experts have pointed out that the size of its cost structure is one that supports a far larger network than what MAS currently operates.

Tackling costs won’t be easy also, given that it is a government-linked company (GLC) with social obligations. In fact, MAS, like its other GLC brethren, has commitments that most private companies just don’t have.

Will the overhaul of MAS take into account just how far it needs to go to remove a certain portion of such obligations, and if it is happening in MAS, are other GLCs too shouldering the same kind of burden as MAS is?

It has been long suspected that the airline has been losing lots of money due to leakages and some have even alluded to political interests having their fingers in the pie.

Khazanah should undertake a thorough review of the supply chain, and conduct forensic accounting if needed to ensure corruption is weeded out of the company. MAS needs to make sure that the services and supplies bought are at market rates and of a fair value.

For Khazanah, it needs to revisit its GLC transformation programme and see whether it has been as effective as what the market expected it to be. There has been a series of colourful books and manuals issued, and among them, the red book. Just how far have the initiatives of the red book, which deal with procurement, been successful in reducing costs?

But the need to ensure support for its social obligations can be tough on a GLC. For one, if the contracts given or services and goods acquired are inflated beyond an acceptable amount, then it will just balloon cost. Social obligations that relate to the need for support to help companies grow in scale is understandable, but not handouts.

Even Petroliam Nasional Bhd president and chief executive officer Tan Sri Shamsul Azhar Abbas has inferred that there is pressure from Government interference and the need to back vendors that charge quite a bit above market prices.

If such pressure is existent in the national oil company that is different from other GLCs, then one can hypothesise that such pressure is prevalent among GLCs.

There needs to be a balance between social obligations and market value. GLCs cannot go on supporting programmes at inflated costs if the companies they are supporting have not shown improvements or are detrimental to their own well-being. This is because doing so will have a telling effect on the performance of the companies.

Should its costs become inflated as a result of such support, then there could be implications on the performance of the GLCs. For one, investors will make that distinction and attach a lower market multiple for GLC companies compared with its private-sector peers. Some will say that it is already being seen in some GLCs.

By: JAGDEV SINGH SIDHU The Star/Asia News Network

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