Assalamualaikum w.b.t.,

Hidup di dunia yang sementara ini banyak mengabui mata kita tentang matlamat kehidupan yang sebenarnya. Kita semakin terdesak dengan himpitan kehidupan dan berlumba-lumba untuk mencari kehidupan yang lazimnya lebih menampakkan keduniaa semata-mata.
Apakah ada di antara pelaburan yang semakin hari semakin kurang diberikan tumpuan? Namun, apakah kita menidakkan keperluan yang perlu kita sediakan di dunia bagi persediaan akhirat? Bagaimanakah pula pelaburan di dunia yang wajar dilakukan untuk persediaan akhirat kita? Wajar rasanya kita sama-sama bincangkan dan jadikan maklumat bersama ini sebagai panduan kita merentasi dunia untuk menempah tempat yang selesa di akhirat kelak, insyaallah.

Pandangan serta komen rakan-taulan, pak-pak ustaz, profesionalis, akauntan, hartawan, dermawan, pak/mak wan dan sebagainya boleh dikongsi untuk dijadikan panduan disamping memperkuatkan ukhwah sesama kita. Sila diemailkan pandangan anda ke

Pemberitahuan: Semua maklumat di blog ini adalah pandangan peribadi melainkan dinyatakan sebaliknya. Sila rujuk kepada institusi atau badan yang berkaitan untuk maklumat lebih lanjut. Sebarang rujukan dari blog ini adalah risiko sendiri.Pengarang tidak bertanggungjawab di atas sebarang masalah yang timbul disebabkan oleh bahan diblog ini.

Friday, December 28, 2012

Part 3: Working in Public VS Private Sector, Hidden Benefit...???

Continue from Part 2:
Part 2: Working in Public or Private Sector; Security and More Saving?

Assalamualaikum w.b.t.,

Ha! Ha! Ha! Quite some time I did not visit and update this blog... I feel like alien to this page now... Too busy to finish project task.  It is normal when you work for a private sectors. Some people says working like hell! Others says it is not your company why work so hard?? Working day and night and many times working at the weekend is normal for me. I have children to feed, school and other liabilities to pay so need to work harder to make sure still working. Sometimes you don't have option. What ever we do, should always  remember Allah s.w.t. Work is also a part of "ibadah". Working so hard sometimes will cause stress and sick. When suffering sickness like now, I'm start thinking of how lucky you are as employee of a company or government department. But do you know how far your company support you when you at dawn health condition?
No one would like to suffer any illness. But once it happen to ourselves then you start realize what we save sometimes never enough to pay for medical bill. The private company hospitalization benefit only support to some limited amount and it is also goes the same to your medical insurance/takaful depending to premium being paid and illness coverage. At the other part, medical leave with pay salary also limited usually up to 60 days only yearly.
A friend of mine suffering eye disorder I not really remember but I think it is glaucoma in one side of his eye and went for laser treatment. After the treatment, other side of his eye sight also deteriorated and both eyes become partially blind. Hospitalization and annual leave a total of 90 days was utilized. Later continue with unpaid leave for another 6 month. Not to mention after the period completed, a letter arrive at his mail box with termination status due to unfit to work. He quite lucky, since his wife is a government servant officer with specialist tittle that can support the family.
Ya Allah s.w.t., please don't test us with the test that can't afford to bear...
Another story, sadden me a nephew of mine was just diagnosed with intestine cancer and was advised to go for chemotherapy treatment as soon as possible. She is a government servant work as a teacher at middle school. What surprise me, she get 2 years full paid hospitalization leave at the period of chemotherapy treatment. And as a Grade A officer, she entitle for 1st class hospitalization benefit at  any Government Hospitals.
Moral of the story was highlighted in yellow colour. Secondly you as a private sector worker disregard what position you are and  pay for higher tax, after your hospitalization benefit from the company your work finish, then the best bed in government hospital you can afford is only at 3rd class unless you are willing to pay for the upgrade.
Lesson Learnt! That's why many private company worker subscribe medical takaful/insurance.
But one thing that we should remember, the illness, recovery and fate all provision of Allah s.w.t.
Do give "sadakah" / donation will make us healthy.
Rasulullah bersabda :
“Ubatilah orang yang sakit di antara kalian dengan sedekah.” (HR. Baihaqi)

“Ujian yang menimpa seseorang pada keluarga, harta, jiwa, anak, dan tetangganya bisa dihapus dengan puasa, shalat, sedekah, dan amar makruf nahi munkar.” (HR. Bukhari dan Muslim)
Wallah hu alam.

Friday, October 19, 2012

Do this consider WARNING!???

I'm  wondering and "worrying".....  My parents always remind me, don't spend when you don't have money...

Thestar: Thursday October 18, 2012

Household sector emerges main debtor of local economy


Prof Mansur says of the total lending to households, more than 30% goes to the property market financing and car loans. Prof Mansur says of the total lending to households, more than 30% goes to the property market financing and car loans.
KUALA LUMPUR: The household sector is exposed to inherent risks in the local financial system as it is the main debtor of the local economy with a household debt to gross-domestic-product ratio of more than 70%, said a professor of finance and econometrics.
Prof Dr Mansor Ibrahim of the International Centre for Education in Islamic Finance said the main concern in the country's economy was household debts.
“Before the Asian crisis, more than 60% of lending went to corporations while after the crisis about 40% (of loans) went to corporations while 55% to households.
“Of the 55% to households, more than 30% (of loans) goes to (finance) the property market and car loans.
“Maybe the prices of houses will drop later on. The current situation we have today is that households (have) borrowed a lot.
“These are the concerns that can expose risks and affect the lower income group,” he added at the Santai seminar Budget 2013 forum organised by Salihin Chartered Accountants here yesterday.
He noted that past crises had showed financial policy options had became “difficult” as the government could not “increase, contract or expand” the monetary policy without having side effects.
He credited the Government for trying to reduce the budget deficits in the latest announced Budget 2013 but said more should be done to further reduce these deficits.
“These continuous budget deficits is a concern - we have had budget deficits since 1998. The government has tried to reduce these deficits but it is still there.
“The issue here is that whether we can go back to a budget surplus as had happened three to four years before the Asian crisis - can we have a balanced budget?,” he asked.
“When we have deficits and these deficits goes to consumption, we use money meant for the next generation - our kids consume today with the hope that their kids will repay the government,” he added.
He also noted that Malaysia being an open economy would be subjected to the fortunes of the main economies of the world such as as the United States and the eurozone countries.
“What happens abroad will affect us as we are a trading nation. There are factors that will affect future outlook in 2013.
“These are the present struggle in the eurozone and the United States to cope with financial crises, trade imbalances between China and the United States and future trend of commodity prices,” he noted.

Thursday, October 18, 2012

Very Nice Illustration of DEFLATION...?

Assalamualaikum w.b.t.,

How much do now Malaysia JAMES BOND?

Lets see what bond means and "DEFLATION" all about... case story "UNCLE SAM"...

Wednesday, October 17, 2012

Interesting Income Figuress?

Today  I get few interesting figures.... How correct, correct, correct the figures are I don't know...

Please check and confirm yourself.... and don't be caught by AES cameraman... it is not a free flash... flashing means pay...  Ha!x555... 1Funny boleh land... it is easy to make money from so called "rakyat" sweat... and the worst blood bussiness...

How much can you earn when you keep or invest your hard earn money in pilgrim fund? 6%??

How much is the bonus for tabung haji employee?? I also don't know...

Ha!x5... I dreams my pilgrim fund grow at least 30% yearly but, your dreaming only maaannn,  but... the below shows bonus can be as high as 1000% in tabung haji with extra dividend of  570%.

Do you believe... Aaaaaa...! Nop!... hard to believe.... See below...

Okey one more question? Which position in the below salary scheme with super +++ additional allowance that not accounted in their payslip, paying the highest TAXXXX.....???

Sunday, October 14, 2012

Part 2: Working in Public or Private Sector; Security and More Saving?

Assalamualaikum w.b.t.,

Part 1: Let see how fair is our TAXXX between Private & Public Sector

Continue in Part 2.

As discussed in Part 1, the same level of earning between Private and Public sector shows that those who works in Private sector have to pay higher tax in exponential magnitude compare to their counterpart in Public/Government Sector.

Long time ago basically there is a significant different in salary figure between these two sectors, where Private Sectors being paid with higher salary due to work load, working longer hours and stress full torture environment compare to government sectors. Due to salary different quite significant, the policy maker create in such allowance with tax release for government sectors that equivalent of half income. Therefore, income is equivalent of salary plus allowance. But those in private sectors, allowance still taxable.

Continuous fight by CUEPACS and Political "Pembangkang" to uplift the quality of government sector services, the salary were revised a few times where the income now at par with private sector or even much-much better due to multiple unlimited benefits were introduced and created. But still the allowance is non-taxable for public sector.

Now, there is another super surplus benefit that make this public sector become more and more superior than private. It is pension / "pencen". In private sector, salary was deducted to EPF to prepare private sectors for their retirement time between 9%-11% percent from their salary and on top of that their employer will add some more around 12%.

For public sectors, no deduction being made in their salary since they are entitled for government pension scheme at their retirement time. So what the different then? No deduction for public sector for retirement fund at all.

Lets consider both at the same age having the same income of RM6000.00. In previous part, i did simulate that both of them took takaful or life insurance or EPF deduction of RM6000.00 that can avoid from tax. Now see who did can save more and can avoid tax more?

Therefore, what ever takaful/insurance taken by private sector employee won't benefit tax exclusion due to already reach maximum tax deduction of RM6000.00. Here it is showed that public sector bring extra more money home of RM6000.00++ yearly plus free retirement scheme that no need to be deducted equivalent of RM8000.00 yearly.

So think trice when looking or fighting for jobs. Part 3 will come soon. Quite busy now.

Monday, October 8, 2012

Good Infromation...

Many of us in private sectors working hard to keep our employment by  working over the  time without additional payment. 

Some of us later doing other jobs on the weekend or after working time, looking for extra income to  cover shortages.

Why this happen? Can we explain whats are  happening? We was told that our national economy is stable and "RAKYAT" live happily. So called subsidy being given, do they?

Why "RAKYAT" very concern about extra income now? Why many so called tax payer in middle income group suffering with shortages of fund for living? Do they really not a good  financial planner as what was discussed in below article or  they stuck in higher expenses due to their range of income make them not beneficial anything from so called budget for rakyat.

Some point  that we need to see in depth:

i) High tax and unfair tax for middle group of income

ii) High Children tuition fee for nursery, enrichment class and etc due to lack of knowledge gain from the  normal school class. Why currently most of the students need to go for extra tuition class? Nowadays standard 1 / year 1 also go for tuition? Do our schools very poor in educating students?

iii) Healthcare cost rising? Who pay for the bills?

iv) Saving fund performance very poor, let see EPF as an example..

v) Inflation rate and living cost rising? Food price increase

vi)  Rising of basic tariff such electricity will make other goods price rising as well. What will happen when petrol start rising after GE13? Do we still have choice here?

vii) Rising of houses price? Who really benefit with the rise? Bank? Government? More tax?

viii) many more...

What I heard, after 2013 budget tabled and government servant get their bonuses, tuition such nursery care start rise their fees? Why? This due to rising of cost of living, every thing rise without control. When goods price rise then more tax will be collected. Once Government Sales Tax (GST) being implemented, more tax will be collected by this GOMEN... bringing to another level of personal financial planning to battle the shortages of our income for our own family.

Do we really the poor planner or the way of the economy design by the ruler make us poorer. Kapitalis system being employed here, to make the richest and "power holder" will be always on top and on power ... Then GE13  is your choice for  a change...

Thestar: Monday October 8, 2012

Financial Snacks

Some of you may wonder why our finances are not in great shape and do not seem to improve month after month.
Have you ever thought if you could have been focusing on the wrong side of your personal financial health equations?
Your Financial Equations simply tell you if you are above or underwater in your finances.
The most important 3 are as follows: JOYCE CHUAH writes

Income - Expenses = Savings

Income is the common part of any savings equation. However, what is more important is expenses. Are you surprised? If you focus your attention on managing on your expenses on a higher level of consciousness, you can quite immediately increase your savings. Increasing income is possible but it takes time which means waiting for an increment, working 2 jobs or even starting a small business which has a gestation period for results.

Returns - Inflation = Real Returns

We are all too obsessed with returns. We check out the best FD rates in town, and queue up for deposits that give slightly better returns than FDs. Many times, our focus moves away from inflation, which is after all an important element in providing you your real returns. So, don't just chase after raw returns which do not give you a positive return after your personal inflation rates.

Asset - Liabilities = Net worth

"So as you can see, George dear, I can substantially improve my personal financial health equation by removing you from it".   

"So as you can see, George dear, I can substantially improve my personal financial health equation by removing you from it".
A commonly used barometer used to rank wealthy individuals is the amount of net worth the individual has - hence the term “high net worth individuals”. Increasing assets and reducing liabilities will surely increase our net worth. However if we have limited resources, how much can we do to increase our net worth? One way is to focus on your liabilities check if you too under geared that you are compromising the growth of your net worth? Start thinking like a business person they usually leverage on Using Other People's Money' i.e. borrowing prudently to make more money. Think about it.

Sunday, October 7, 2012

Part 1: Let see how fair is our TAXXX between Private & Public Sector

Assalamualaikum w.b.t.,

Budget 2013 just tabled by PieeM. And it is said that for those tax fall below 24% will be reduce for 1%. Let say our tax fall under 19%  (RM70K level) and 12% (RM45K level) then we will get 1% reduction. Correct me if I am wrong.

Many people did contact me especially young graduates to get advice the best place to work. Ha!x5, I'm not the financial adviser and also work for government human resource department (HRD). Even I think, we don't need those two department because we have very prudent smart national financial controller and human resource planner, namely PieeeeM and TrrrrPieeeM.

What ever "lah"... Please correct me if my simulation below is wrong... errr..eee. errrr...  My promise to compare both tax and will guide... oppsss sorry, will share my opinion where is the best sector to work  from what I see and what I heard and what I had experienced...

Part 1: Income Tax Point of View

I did some calculation to show about the tax that being so different between public and private sectors. And why many private sectors worker murmuring-whispering-mumbling about their income balance sheet compare to their friends in public sectors even though their monthly income in principal is the same.

First reason, you guys in private sector is paying higher income tax...

I'm using the same list of deduction apple to apple comparison to get taxable income.  I deduct the income with below list for all level of income group. Please bare in mind. Public/Government sectors, their income = salary + allowance, where allowance is non taxable. Allowance is between 40% to 60%, in this case I just use flat allowance deduction rate of 50%.

Meaning to say, if in Private sector a man taxable income of RM100000.00, another guy in public sector with the same income is only RM50,000.00 taxable before other deductions being done. Refer to my  old post in archive.

"Asas pengecualian cukai adalah sama  bagi semua tahap pendapatan:
1)      Tolak  untuk individu RM9000.00
2)      Buku majalan RM1000.00
3)      SSPN RM3000.00
4)      Alat sukan RM300.00
5)      Jalur lebar RM500.00
6)      Anak 4 orang RM4000.00
7)      Takaful &  KWSP RM6000.00
8)      Takaful pendidikan dan perubatan RM3000.00"


1) In principal from the previous year, those with taxable income below RM35,000.00 a year is excluded from tax and entitle for RM400 tax rebate.

2) Those who in private sector with income RM100,000.00  was tax with RM7893.00 compare to their counterpart in public sector will get rebate for RM400.00.

3) The worst, for those who get paid RM200,000.00 in private sector have to pay tax of RM33,357.00 compare to public sector only RM7,893.00. RM25,464.00 difference. Wow, public sector save RM25,464.00. No wonder why government servant can buy luxury cars and buy big landed house. Who fall in this category in public sector? Usually Jusa-C/G54 or lower grade such G52.

4) Other category please see the comparison tax difference  in the table above ranging from RM1,609.00 to RM25,464.00.  The calculation just for these ranges of income group only. But from the graph you can estimate how much your tax figure difference at different level of your income yearly. Awesome figure...

If this figure wrong please let me know... I have "many-many" friends working in  public sectors... At first I feel strange how they afford to have better cars and houses compare to me... Actually they have extra money from tax savings since they pay lesser income tax than me... Ha!x5, funny isn't it.. More funny when big clown tabled 2013 budget... Ha!x5, what so funny, you find yourself...

To be continued... Part 2:

Sunday, September 2, 2012

Gold Investment Account... ? Do Syariah Compliant?

Assalamualaikum w.b.t.,

Below is the list of available Malaysia Gold Investment Account. Please check and consult trusted mufti/ulamak yourself for syariah compliance before do your investment. Many "ulau dalam semak" now, give "fatwa" for $$$. Rumour spreads again that gold and silver will ride big bull soon. How soon? I also don't know... Perhaps before 21Dec2012... Ha!x5... Mayan Conspiracy theory again.. The date is also my son's birth date... Ok-ok, I believe now... Anything can happen... It is happen once it's happen.. Our victory will happen once total change of federal ruler... Doubt to change? Then should make a change...

Article from:

How to choose the best gold investment account that suits you the most? Let’s do some comparison:
  • CIMB Bank Gold Deposit Account (GDA)
  • Kuwait Finance House KFH Gold Account – i (GAI)
  • Maybank Gold Savings Passbook Account (GSPA) - Now online trading available
  • Public Bank Gold Investment Account (GIA) - online trading available
  • United Overseas Bank Gold Savings Account (GSA)
CIMB Bank vs. Kuwait Finance House vs. Maybank vs. Public Bank vs. United Overseas Bank

Note: Information is obtained from the respective banks’ websites and customer service call centers.
Here are factors to consider when picking a gold account:
Most banks do not charge a fee for the opening of a gold account. However, whenever you sign up for an account, a minimum initial deposit is required ranging from 5 grams to 20 grams.
Other than that, minimum subsequent purchase/sale shall be taken into consideration too. Especially, for those who plan to buy gold on a regular basic.
Fineness of Gold
According to Wikipedia, here is the most common millesimal fineness used for gold:
  • 999.99 (The purest type of gold in the market)
  • 999.9
  • 999 (Fineness equivalent to 24 carat, also known as three nines fine)
  • 995 (The minimum allowed in Good Delivery gold bars)
  • 990 (also know as two nines fine)
  • 958.3 (equivalent to 23 carat)
  • 916 (equivalent to 22 carat)
Physical Gold Withdrawal
Please be noted, the minimum quantity for physical gold withdrawal required by some of the banks is 100 grams. In another words, you are not allowed to withdraw in physical gold if your invested amount is less than 100 grams.
Bare in mind, the physical gold withdrawal charges imposed is not really mentioned in most of the banks’ websites, except for CIMB Bank. It’s important to check with the respective bank first before any decision is made to sell your paper gold.
Withdrawal Options
Basically, the option to withdraw in cash or crediting into savings or current account is making no difference for me, because I will still get the cash eventually.
But, for physical gold withdrawal, are the clauses like “you can withdraw in physical gold but it’s subject to our stock availability” and “physical gold withdrawal is subject to bank’s approval” is meaning the same for you?
Everything goes online now. We want a hassle-free investment. The idea of online gold trading via to purchase and sell gold is a good practice and service, which shall be followed by others bank too, perhaps.
The only major cost to be considered is the difference between selling and buying prices. Low fees translate into cost savings. And this can lead to higher profits. Therefore, compare the price differences between all the 5 accounts and identify the cheapest gold price.
Don’t miss out on all these golden investments! Compare and choose the best gold account for yourself! Terms and conditions apply.
For more information, please visit CIMB, KFH, MBB, PBB, and UOB

Thursday, August 9, 2012

Lets raise our investment before its too late..!!!! ACTION PLAN

Assalamualaikum w.b.t.,

Salam Ramadhan and "Selamat Berpuasa"..

Quite hard to write now.... time really jealous at this age...

Now left around +/- 11 days to go to raise our investment for next journey. We have to accumulate more and more since this opportunity might won't come again, similar as well we should vote for change in GE13 to prepare for our future life or at least for our growing children. So we shouldn't be classified  as a bankrupt person in our future life.

For future journey, we still have time to invest to get 1000x month of profit. HUNT for "LAILATUL QADAR". Now we at "lailatul qadar" period of time. Lets hunt, in this last 10 days. We don't know what day is odd or even since 1 Ramadhan starts differently from country to country. Refer to the image below form Please remember  the day in Islam starts at sunset of previous days. So the night of 21 Ramadhan is tonight 9 Ogos. So lets multiple our effort now not only for tonight but for all balance days we have. Grab opportunity now.

Don't procrastinate further, if can take holiday then DO! Take rest and focus on our investment.

In this period of time what should we do?


1) Do more solat (sunat)

2) Read al-Quran (10 x 10 at least for every letter)

3) Sadakah Jariah and Wakaf and prepare foods for poor people

4) Listen "Ceramah" and be in "majlis ilmu".

5) Qada our passed solat that we missed if applicable.

6) Zikir

Now lets rock and roll for our future.....


Copy from JAIS:

Ini pula bonus Allah s.w.t yang akan kita dapat di negeri yang kekal abadi, Apakah kita tidak mahu merebutnya ?. Amalan yang sunat dibulan ramadhan adalah sama dengan ganjaran amalan wajib. Antara amalan yang terdapat pada bulan ramadhan yang tidak terdapat pada bulan lain ialah puasa, zakat fitrah,  kelebihan beramal pada lailatul kadar dan solat tarawih. Allah s.w.t memberikan ganjaran kepada hambanya bagi satu amalan yang baik ialah dengan 10 pahala ( 10 kali ganda ) sehingga kepada 700 pahala dan lebih dari itu. Di dalam Al-quran Allah s.w.t berfirman dalam Surah Al-Baqarah  ayat 261      :
« Bandingan (derma atau nafkah) orang-orang yang membelanjakan hartanya pada jalan Allah, ialah seumpama sebiji benih yang menumbuhkan tujuh batang tangkai, setiap tangkai itu mengandungi 100 biji. Allah melipatkan pahala bagi siapa yang dikehendakiNya dan Allah Maha Luas( kurnianya ) lagi Maha Mengetahui »    
Maknanya satu amal kebajikan Allah beri bonus paling minima dengan 10 kali ganda sehingga 700 kali ganda dan lebih lagi . Contohnya mereka yang melakukan ibadat di Masjidil Haram Makkah akan diganjar dengan 100,000 ganjaran. Bayangkan jika dilakukan pada bulan ramadhan. Mana ada Syarikat di dunia ini yang boleh beri kita bonus sebanyak itu. Malah Multi Level markerting (MLM) pun tidak dapat memberi pulangan dan kelebihan sebesar itu.
Lailatul qadar diberi oleh Allah s.w.t pada bulan ramadhan dengan pahala yang lebih baik dari seribu bulan. Bayangkan kalau 1000 bulan dijadikan tahun, maka jumlahnya ialah 83 tahun 3 bulan. Umur manusia akhir zaman pun kebanyakan tidak akan sampai ke tahap itu sebagaimana disebutkan oleh nabi s.a.w:
"Umur umatku adalah antara 60 hingga 70 tahun"
 Allah s.w.t menyatakan di dalam Surah al-qadr :
"Sesungguhnya kami telah menurunkan al-quran pada malam qadar. Dan apakah engkau dapat mengetahui apa dia kebesaran malam qadar itu?. Malam Qadar itu lebih baik dari seribu bulan. Pada malam itu, para malaikat dan Jibril turun dengan izin tuhan mereka,untuk mengatur segala urusan. Sejahteralah malam (yang berkat) itu hingga terbit fajar"
Membaca al-Quran misalnya diganjar oleh Allah s.w.t pada setiap huruf yang dibaca dengan satu kebajikan dan seterusnya digandakan dengan 10 kebajikan. Rasulullah s.a.w bersabda:
 "Sesiapa yang membaca satu huruf dari al-Quran baginya satu kebaikan dan satu kebaikan itu digandakan denga sepuluh. Aku tidak mengatakan : Alif Lam Mim itu satu huruf, tetapi alif itu satu huruf, lam itu satu huruf dan mim itu satu huruf"
Orang yang bersedekah pada bulan ramadhan juga diganjar pahala yang berlipat ganda sebagaimana rasulullah s.a.w telah bersabda:
"Sesiapa yang bersedekah menyediakan makanan bagi orang yang berpuasa, maka baginya pahala sebanyak mana orang yang berpuasa itu tanpa dikurangi pahala mereka"

Wednesday, July 18, 2012

Do Crime Rate Drop? Do you feel very safe??

Assalamualaikum w.b.t.,

Many news claiming crime rates drop. Do you believe? Do you feel safe? And then, for what reason school children will be allow to bring mobile phone for safety monitoring? Lets view some claim by news..

Pemandu: Crime index down by 10.1% from January to May

KUALA LUMPUR: Malaysia's crime index fell by 10.1% between January and May this year, Pemandu said on Thursday.
According to figures released by Pemandu's Reducing Crime NKRA director Eugene Teh, there were 63,221 cases between January and May this year compared to 70,343 cases recorded in the corresponding period last year.
“The NKRA's focus on bringing down the crime rate in the last three years has achieved big wins yearly since we first began the Government Transformation Programme and the trend seems to be continuing,” he said.

Crime rates are dropping, but why are we so scared?

Tuesday, July 17, 2012

NOOOOWWWWW Games Starts...

Assalamualaikum w.b.t.,

I did mention before the reason for retirement  age raised from 55 to 60 years.... Positively it is about manipulating retirement fund mostly from private sector... Gomen money already in the pocket and now to tunnel hard earn saving from private sector worker to XXX pocket..

 In return, depositor will be distribute around/less 6% profit from fund investment. But what was the inflation rate then? What can you buy with RM10 now? What will RM10 + 6% yearly growth until 60 years of age? How to consider goods price yearly rising crazyly and  so called subsidy to be drawn back. And what do rakyat get from this gomen? Happy living style? After paying high income tax what do we really get? Free fair high class education? Free healthcare? Low crime index? Security in our jobs? or Whattt????

So far, what I saw "many-many" of us paying for nothing... "Many-many" of us need to send our child to private school, paying for high fees of medical treatment, fear  with the crime happen everywhere & every second, lost of jobs and many more??? When we work, we feel we have money to buy... But in reality many of us trap in bankruptcy at young age due to unable to manage income and expenses that keep escalating crazily. Open your eyes and see around you? Where can you get low price house/property near your working place now? Then how much should you earn just to pay your house installment and house hold expenses? Then what should we do??? Ask for change??


The qualification age for a full withdrawal from the Employees Provident Fund (EPF) has been raised from 55 to 60 years to mirror the newly raised retirement age.

Wednesday, June 27, 2012

Lend Your Money to Relatives Will End Up TAX PENALTY????

Assalamualaikum w.b.t.

TAX!!!  In GORILLA RULER COUNTRY.... Lend your money to relatives will end up with tax charges to you???

Everything being justified for rakyat????  This what they mean??? Leaches the blood sucker....

I believe we truely need an urgent change... If not we and the country will suffer until a  last pine of our own blood... Lets change in next GE.

It is justified then if a Khatib pray for the justice


Thestar: Wednesday June 27, 2012

New tax rules create a quandary for lending to family members

Comment by Kang Beng Hoe

CHARGING below market interest gets you in trouble with the taxman or the law against money-lending.
“Neither a borrower nor a lender be”.
This advice by Polonius, the King's adviser to his son in Shakespeare's Hamlet remains good advice today.
But good advice, it is said, is least heeded when most needed.
Lending money gives rise to risk of default, a stark reminder of today's global phenomenon.
At a personal level, it can lead to the loss of a friend, a relative remaining one only by virtue of blood ties.
The term “relative” is defined in our tax law to include a wide network of family members including a nephew, a niece, a cousin and somewhat incredibly “an ancestor or lineal descendant.”
How the latter is to be determined, the law has not made clear, leaving the conundrum perhaps to the wisdom of the courts.
In many cases, loans between family members are below-market loans.
By this is meant that the lender charges either no interest or a rate that is less than the “market rate” also known as the “arm's length” rate.
This is in breach of the tax law, which requires a loan to a related party including a relative to be at the market rate of interest.
This requirement has been made clear by a recent Government Gazette setting out rules on transfer pricing as the rules do not state that such loans must be in the context of carrying on a business or must be used in a business.
Thus when you make a below market loan to a relative, driven entirely by altruistic reasons and devoid of any business considerations, the tax law treats you as having derived imputed' income from your borrower and would proceed to levy tax on that imputed income.
This phantom income on which tax is levied equals the market rate you should have charged less the interest you actually charged.
This means that you must report the imputed interest as taxable income in your tax return failing which you will be in default of the tax law.
If you were to consider avoiding this unfavourable tax outcome by being somewhat hard-hearted and charged interest to your relative, then you are in breach of the Moneylenders Act.
The law here precludes the charging of any interest since you are not a licensed moneylender.
A moneylender under this law is any person who “lends a sum of money to a borrower in consideration of a larger sum being repaid to him”.
So this puts you, the lender, setting out to help a financially distressed relative, on the proverbial “horns of a dilemma”.
You are in the untenable position of breaking one or the other law.
This state of affairs seems to run counter to any coherent tax policy objective.

In the United States, the lending of money below market rate historically occurred without tax consequences.
Through a series of court cases over several years culminating in a case in 1984, the court held that the lender's right to receive interest is a “valuable property right” and where such a right is transferred by way of an interest-free loan, it is in the nature of a gift subject to “gift tax”.
But the point here is that the taxing of the interest-free loan is because of the existence of a gift tax.
We do not have such a tax in Malaysia and taxing imputed interest, as this measure is generally known, between related individuals not conducting business transactions, is a retrograde step.

We had long repealed a similar imputed income provision, which treated a person owning an unoccupied house as having an income source, even where no income exist.
Business related loans follow similar concepts, but here the law is entirely understandable and justified where the intent is to avoid tax.
If company A makes an interest-free loan to its subsidiary which is a tax exempt pioneer company, then this leads to tax results which are not reflective of transactions between commercial parties.
Not charging interest inflates the subsidiary's tax exempt profits enhancing its capacity to pay tax exempt dividends, without a corresponding tax liability on the lending parent had interest been charged.
Here the existence of a “tax shelter” where one entity has either tax exempt status or a tax loss position, can lead to tax leakage, the reason for the arm's length rule.
Interest-free business lending between related companies can also lead to anomalous results.
This is a consequence of the divergence between the tax treatment and the new accounting standards for public listed companies.
The taxman will require tax to be imposed on the lender on the imputed market rate interest.
Whereas if such a company lends RM100,000 to its subsidiary interest - free to be repaid in equal instalment over five years and the market interest rate is 10%, the accounts will reflect the lender as having a debt of RM75,816, which is the discounted amount at the inception of the loan.
Over the period of the loan, the borrower will be shown as having paid interest of RM 24,184 which will equal the discount.
Thus the books of both companies will be recorded as if interest had been paid as shown in the table.
Since these are book entries and there are no costs incurred or income earned, they have no tax consequence.
This reflects the economic substance of the loan transaction as distinct from the strict legal substance, the mainstay for tax.
This fundamental difference in concept tends to make attempts at convergence between the accounting and tax treatments particularly problematic.
The more pressing issue is doing away with the taxing of imputed interest on non-business lending between relatives, a measure which seems unjustified.

Kang Beng Hoe is an executive director of TAXAND MALAYSIA Sdn Bhd, a member firm of TAXAND, the first global organisation of independent tax firms. The views expressed do not necessarily represent those of the firm. Readers should seek specific professional advice before acting on the views. Beng Hoe can be contacted at