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.

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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.

Thursday, December 12, 2013

Now Time for 2013 Tax and Zakat Assessment

Assalamualaikum w.b.t. and Salam Sejahtera,

Now is Mid of December, we have only around 2 weeks to make assessment for tax and zakat for year 2013.

What should we assess and maximize our tax deduction?
2) PRS
3) Books
4) Medical???
5) Donation
6) xxx


##) And finally maximize your zakat for tax rebate.

Lets assess our tax now...

Sunday, October 27, 2013

What Benefit You Get From 2014 Budget???

View your self the highlights copied from

Following are highlights from Budget 2014:
* Pensioners will receive a special financial assistance of RM250 to assist them in meeting the rising cost of living.
* Government to give a half-month bonus for 2013 with a minimum payment of RM500 to be paid in early January 2014.

* Cash handouts to households with a monthly income of below RM3,000 will be increased to RM650 from RM500.
* For individuals aged 21 and above and with a monthly income not exceeding RM2,000, cash handouts will be increased to RM300 from RM250.
* For the first time, cash assistance of RM450 will be extended to households with a monthly income of between RM3,000-RM4,000.
* To implement all cash schemes, government will allocate RM4.6 billion which is expected to benefit 7.9 million recipients.

* For gains on properties disposed within the holding period of up to 3 years, RPGT rate is increased to 30%.
* For disposals within the holding period up to 4 and 5 years, the rates are increased to 20% and 15%, respectively.
* Raise the minimum price of property that can be purchased by foreigners to 1 million ringgit from RM500,000.
* Prohibit developers from implementing projects that have features of Developer Interest Bearing Scheme (DIBS), to prevent developers from incorporating interest rates on loans in house prices during the construction period.
* Financial institutions are prohibited from providing final funding for projects involved in the DIBS scheme. Malaysia's top three banks are Maybank, CIMB and Public Bank.

* To further increase access to home ownership at affordable prices, an estimated 223,000 units of new houses will be built by the government and the private sector in 2014.
* Government to allocate RM578 million to the National Housing Department (JPN) for low cost flats consisting of 16,473 housing units.
* Malaysian's government to provide 80,000 housing units with an allocation of RM1 billion under affordable housing scheme. The sales price of the houses will be 20% lower than market prices.
* Introduce the Private Affordable Ownership Housing Scheme (MyHome) to encourage the private sector to build more low and medium-cost houses. The scheme provides a subsidy of RM30,000 to the private developers for each unit built.
* Preference will be given to developers who build low and medium-cost houses in areas with high demand and limited to 10,000 units in 2014.
* The scheme is for housing projects approved effective from 1 January 2014 with an allocation of RM300 million.

* Government proposes a special tax relief of RM2,000 be given to taxpayers with a monthly income up to RM8,000 received in 2013.

* To implement goods and services tax (GST) on April 1, 2015 -17 months from now.
* GST rate fixed at 6%, the lowest among Asean countries.
* GST replaces current sales tax and service tax.
* Basic food items, transportation services, highway tolls, water and first 200 units of electricity for domestic users per month to be exempt from GST.
* Sale, purchase and rental of residential properties as well as selected financial services are exempted from GST.
* Najib: "The reality is that inflation now is low at around 2%. The government is confident this will be the best time to impose GST as inflation is minimal and under control."
* Training grant of RM100 million will be provided to businesses that send their employees for GST training in 2013 and 2014.
* Financial assistance amounting to RM150 million will be provided to small and medium enterprises for the purchase of accounting software in 2014 and 2015.

* Corporate income tax rate be reduced by 1 percentage from 25% to 24%.
* Income tax rate for small and medium companies will be reduced by 1 percentage point from 20% to 19% from the year of assessment 2016.

* Government to give one-off cash assistance of RM300 to low income group
* Personal income tax rates be reduced by 1 to 3 percentage points for all tax payers.
* Individual income tax structure will be reviewed
* Chargeable income subject to the maximum rate will be increased from exceeding RM100,000 to exceeding RM400,000.
* Current maximum tax rate at 26% to be reduced to 24%.
* Measures to be effective in 2015.

* Subsidy programme to be "gradually restructured".
* A portion of savings from restructuring to be distributed in the form of direct cash assistance with the other half to finance development projects.
* To abolish the sugar subsidy of 34 sen effective October 26, 2013.

* Committed to reducing the fiscal deficit gradually, with the aim of achieving a balanced budget by 2020.
* To ensure federal debt level will remain low and not exceed 55% of GDP.
* Government to conduct audits on projects valued at more than RM100 million during its implementation.

* Securities Commission to introduce the a framework for Social Responsible Investment (SRI) Sukuk, or Islamic bonds, to finance "sustainable and responsible" investment initiatives.

* Government to allocate RM6 billion allocated for agriculture programmes.
* Says to RM243 million allocated for rubber, palm oil and cocoa replanting as well as forest plantation programmes.

* Government to allocate RM3 billion in soft loans under the Maritime Development Fund through Bank Pembangunan Malaysia.
* The fund is to provide financing to encourage the development of the shipping industry, shipyard construction, oil and gas as well as maritime-related support activities.

* To replace existing air traffic control and management system in Subang, a new air traffic management centre costing RM700 million will be built at Kuala Lumpur International Airport (KLIA).
* Kota Kinabalu, Sandakan, Miri, Sibu and Mukah airports in Sabah and Sarawak to be upgraded with RM312 million allocation.

* Public investments to reach RM106 billion. Projects to be implemented include:
- A 316-kilometre West Coast Expressway. Locally listed Kumpulan Europlus Bhd owns 80% of the project, while IJM Corp owns the balance 20%.
- Double-tracking rail project along west coast Malaysia. The project is carried out by as a joint venture between MMC Corp and Gamuda.
- Various projects from state oil firm Petronas under its RM300 billion capex programme, including a petrochemicals plant in Johor.

* To carry out second phase of high-speed broadband project with the private sector involving RM1.8 billion investment. State-linked telco Telekom Malaysia is involved in the project.
* To increase Internet coverage in rural areas, 1,000 telecommunication transmission towers will be built in the next three years, with an investment of RM1.5 billion.
* To increase Internet access in Sabah and Sarawak, new underwater cables will be laid within three years at a cost of RM850 million. - Reuters, October 25, 2013.

Post Budget 2014: Tax Relief..

Emmm!!!  I didn't see any fair tax here.

What happen if in a family only husband working and the monthly income is at RM8500? Comparing to both wife and husband working?

What I see, Islamic Zakat is the fairest. 2.5%. 

So who will benefit?

* Government proposes a special tax relief of RM2,000 be given to taxpayers with a monthly income up to RM8,000 received in 2013.

* Corporate income tax rate be reduced by 1 percentage from 25% to 24%.
* Income tax rate for small and medium companies will be reduced by 1 percentage point from 20% to 19% from the year of assessment 2016.

* Government to give one-off cash assistance of RM300 to low income group
* Personal income tax rates be reduced by 1 to 3 percentage points for all tax payers.
* Individual income tax structure will be reviewed
* Chargeable income subject to the maximum rate will be increased from exceeding RM100,000 to exceeding RM400,000.
* Current maximum tax rate at 26% to be reduced to 24%.
* Measures to be effective in 2015.

Wednesday, October 23, 2013

How GST impat in our cost of living.... Year 2015 will start????

Aaahhhaaaaa! GST sooner or later will introduce and fortunately it is said in 2015 after a massive so called subsidy redrawal being implemented....  Just wait and see, this is award from elected ruler in PRU13. How will GST impact us? Do what as spell out in below article or catastrophic impact will rise??? I don't know. Do you know???

So lets celebrate...


From The Star..

Published: Monday October 21, 2013 MYT 12:00:00 AM
Updated: Monday October 21, 2013 MYT 9:22:58 AM

Real impact of GST on cost of living

WHEN most people hear of a possible introduction of the goods and services tax (GST) at say 6%, they assume that their cost of living will increase by 6%. This is an understandable assumption, but how true is it?
GST is a broad based consumption tax which will generally be applicable on all goods and services.
This means that we pay tax only on what we consume. To ensure the tax is only imposed once, any registered business charging GST will be allowed to offset the GST it pays against the tax it collects before remitting the balance to the government. This is known as an “input tax credit mechanism” – it generally allows businesses to operate with no tax cost. The final 6% tax is borne by the end consumer.
Recognising that this increased cost may be a burden to the consumer, the Government has proposed that certain essential goods such as unprocessed meat, cooking oil, and sugar will not be taxed. Also, education, healthcare, tolls, financial services and life insurance, will be exempt from GST.
So setting all this aside, will the cost of everything else rise by 6%?
Implementing GST
First, let’s consider how the current consumption tax regime works. Most will be familiar with service tax which is charged at 6% on selected services, for example those provided by hotels and restaurants.
A second consumption tax, possibly less familiar to many, is sales tax which is charged on certain manufactured or imported goods and is, in many instances paid before the goods reach the consumer. Sales tax is in some circumstances hidden from the consumer. For example a carbonated drink is subject to a sales tax of 10%, but the tax is not generally itemised to the end user. If the drink costs RM11, RM1 is tax. However, as far as the consumer is aware, he is buying a drink for RM11, not RM10 + tax.
The existence of two consumption tax systems can lead to a tax on tax. Consider for a moment the carbonated drink example. (see table 1)
Not only does the consumer pay an additional RM1.08 in tax under the current system, the hotel’s profit carries a 6% service tax on the sales tax charged by the manufacturer.
The problem of double taxation is addressed in GST through the input tax credit mechanism. The tax paid by the hotelier is recoverable as input tax credit and does not form part of the cost to him.
So did the carbonated drink become 6% more expensive? Under the current system, the drink costs the consumer RM14.58. Under GST, the drink will cost the consumer RM13.25, that is 9% (or RM1.33) less!
The example is a rather simplistic view and ignores the longer supply chain and the potential cascading effect of the embedded sales tax cost. Sales tax is paid once at the manufacturer/ import level, whereas GST will apply on the value added at each stage of the supply chain.
Another impact to be considered is that input tax credit will not be available for exempt supplies (like healthcare or education, in the table below). This means, while the consumer won’t have to pay a GST on these items, the final price they pay may still be higher than before. This is because the actual cost of making these exempt supplies may still increase due to the GST incurred on materials etc. The higher costs may be passed on to the consumer in the form of increased prices, albeit not by as much as 6%.
Therefore, we cannot expect to pay 9% less for drinks in fast food restaurants under GST. So what will we pay?
The Price Control and Anti-Profiteering Act 2010 makes it illegal for businesses to increase prices by 4% across the board with the introduction of GST (assuming GST is introduced at a rate of 4%) and any pricing decisions made by businesses must be justifiable otherwise stiff penalties may apply.
The Tax Review Panel in their presentation to the business community forecast that a 4% GST would potentially show a reduction of 0.10% in the consumer price index. They also provided an assessment of potential price changes on a range of goods and services based on an assumed GST rate of 4%. (see table 2)
As well as excluding specified basic necessities from the GST net, the Government has indicated that direct assistance will be given to lower income groups and changes to personal tax rates are also expected to reduce adverse price impact upon implementation of GST. The introduction of GST won’t automatically make everything more expensive. What it will do is change the way we pay tax and provide a more transparent, streamlined and fairer tax based on our consumption patterns.

Raja Kumaran and Tim Simpson are executive director and consultant of PwC Taxation Services, Malaysia respectively

Friday, October 18, 2013

Budget 2014 - Burden to Middle Class Worker will continue rising???

Quite sometimes  not visiting my own blog. After hospitalize and on medication for 2 weeks and later took 1 week leave to get mind rest now looking what will the next dooms to arise. Malaysia budget past years never benefit middle class worker especially private sectors.

Read the below article, tax is the most burden middle class worker since we usually will stuck at the higher tax band due to unbalance tax scheme between public and private sectors.

Public sector gain the most in the past years budget with many benefit given to them but vice versa for private sectors.  Now we need to sacrifice again to pay government debt that was utilized by corrupted to fund their crony debt. Middle class worker now suffering of higher interest rate to purchase house. The price of the house also now very expensive and middle class group also can't even purchase them. Where is justice? Paying higher tax to pay government debt and income become scarce for own consumption.

The 2014 budget will become next nightmare for us atprivate sectors. Leaches will sucks empty our blood... This is the resultant from PRU13.  Price hike for services and goods with GST / New Tax will cause more burden to us at private sectors.

So, what can we do now and next????

USA with Debt Default, and Malaysia also moving toward the same.... in-rational spending by the ruler for their own good will cause burden to us again and again... We are paying their debt... So who will pay our debt??? Good comment on US debt default in below video...



The Star: 18/10/2013.

BUDGET Day is a time when many people sit glued to their TV screens listening to the Finance Minister deliver his all-important speech, as they want to know whether they would be better off or worse off after the details are announced. In Malaysia’s case, Prime Minister Datuk Seri Najib Tun Razak also holds the Finance Minister portfolio.
Next Friday is Budget Day.
Since August this year, the Prime Minister has been requesting for public feedback on the impending budget via the #Bajet2014 campaign. He wants to hear the rakyat’s grouses and wish lists. Many have posted comments on what they would like to see being addressed on a variety of topics ranging from the cost of living and employment to education and social welfare.
Will all those who have expressed their views get their wish list?
One thing that many are expecting to be announced in his speech is the timeline for the implementation of the goods and services tax (GST). Yes, that has to come sooner than later since the Government needs to make fiscal reforms. The GST is expected to be effective come 2015.
At present, we pay a sales tax of 10% and 6% in service tax. In the future, the GST will replace the current narrow-based sales and service taxes. While a broad-based tax is one that applies to almost all purchases of goods and services, a narrow-based tax applies to fewer items.
It is estimated that a 5% GST rate would result in a net increase in tax revenue for the Government by up to RM8bil for the first two years.
The Government needs to reduce its budget deficit after global rating agency Fitch Ratings recently downgraded Malaysia’s sovereign rating outlook. While the reforms are necessary and the GST important, will it improve the Government’s financial position at the expense of the rakyat?
The introduction of the GST would normally mean a revision to the personal and corporate taxes.
But more pressing is the need to address the rising cost of living. The worst-hit segment is the middle-income earners, especially those who live in the urban centres. About 60% of total urban households earn RM4,999 or less, which is not enough to make ends meet in a big city like Kuala Lumpur.
To add fuel to the fire, the rising property prices make it difficult for many to own homes. Sadly, this group is not entitled to the Government’s financial assistance measures like the 1Malaysia People’s Aid programme or BR1M meant for the lower-income group, categorised as those with a household income of RM3,000 a month or less. This group is sandwiched between the rich and the poor, and is often said to be subsidising both the rich and the poor.
What hurts them the most, however, is the narrow tax band. They end up paying higher income taxes when they jump to upper tax bands, says a rating agency report.
It points out that if your chargeable income is about RM60,000, you pay 19% in personal taxes, as opposed to someone in Singapore who would pay 7% for a chargeable income of about S$80,000 or RM203,000.
Malaysia also has one of the highest tax rates in Asia, at 26%, imposed on those whose chargeable income is about RM100,000 per annum versus Singapore, where only those whose chargeable income is above S$320,000 (RM812,000) per annum fall in the top tax bracket.
To help reduce the burden of the rising cost of living, the Government should separate the combined relief for life insurance premium payments and Employees Provident Fund contributions from RM6,000 at present to RM3,000 and RM5,000, respectively, adds the report.
Among the rakyat’s wish list is that the Government should look into increasing the BR1M to help cushion the impact of the subsidy rationalisation.
Personal taxes for those aged 60 years and above should be abolished, and more affordable housing for those in the middle-income group should be provided.
Also, the rules for the entitlement of the tax relief on the medical expenses of parents should be relaxed.
Further, while there are enough roads that lead to almost everywhere now, the Government should focus on improving the quality of public transportation.
Although raising more money is vital for the Government, the rakyat’s wish list is that it keeps close tabs on its expenditure, do away with less-effective programmes such as the National Service and reduce wastage and plug leakages by tightening procurement.
And among all the things that the Prime Minister is going to announce next Friday, the one thing that he should avoid at all costs is to give his blessings to the idea of building the Malaysia-Sumatera bridge. That’s an idea that needs to be canned for good.

Business editor (news) B.K. Sidhu still feels prices for broadband access should be lowered to give more people access to faster speeds.

Wednesday, September 11, 2013

Revisit Old News About Tax, Debt and Subsidy..

Just wondering, who says the truth? I cut a piece from the below to understand the issue. Others read by your self in the below article.

Questionable quote:

1) Only 1.7 million worker paying tax over 12.8 million ( 13%)??? So another 87% will get BR1M??
2) Last year petrol only getting 5cent subsidy, why after 20cent price hike, gomen said we was given 65cent of subsidy????

Soooo funny!!!!

“This year we had initially targeted revenue collection to total RM107 billion but our first half collection has already reached the RM99 billion mark. But the income tax payers form a small portion,” he said. Of the 12.8 million in the workforce, only 1.7 million pay tax while in the case of the 700,000 firms, only five per cent, or 35,000, pay taxes.Lim said the middle income bracket’s usual grouse is that the government tends to overlook their interest in the annual fiscal budget.
“Remember for every litre of petrol utilised, the government is giving a five-sen subsidy while for every kilogramme of rice consumed, the government is providing a 60- sen subsidy.” On the implementation of the Goods and Services Tax (GST), Lim said it was now in the final study phase as the government is still undertaking its awareness campaign. The second reading in the Parliament is expected to proceed soon after the government receives the feedback from the business community

Year 2012, Sep 7.

Malaysia debt still at manageable level

Business Times

Sep 7, 2012

MALAYSIA’s government debt level is still at a manageable level even though expenditure will increase further this year, said Deputy Finance Minister Senator Datuk Donald Lim Siang Chai.
The figure may be high but we need to spend on various projects in areas such as infrastructure and healthcare, he said. As at the end of last year, the percentage of public debt to GDP ratio is 51.8 per cent. Although there is a self-imposed cap at 55 per cent, the government is careful in ensuring that the ratio will not exceed that level.

“At RM400 billion (total public debt), it is quite high but we have infrastructure needs now,” he said, at a media briefing after launching a one-day seminar on the recently announced Private Retirement Scheme. It was organised by the Financial Planning Association of Malaysia and Malaysia Financial Planning Council.
Standard and Poor’s Rating Services, in a report on Wednesday, said Malaysia’s public debt is on the high side for an A-rated sovereign and it expected it to rise to 53.9 per cent by the end of 2012. Lim said it is unfair to compare the debt levels with that of neighbouring Singapore or Hong Kong as Ma-laysia’s current priority needs include infrastructure.
“We are building our first MRT line and we are looking at the financing model in countries like Taiwan and Hong Kong to see if we can adopt some of their financing schemes which do not place a burden on the government.” Unlike the high debt levels of advanced economies like the US, coupled with high unemployment and slow growth rates, Malaysia still continues to enjoy strong growth, low inflation level, healthy foreign reserves as well high foreign direct investment (FDI) interest. On concerns of the economy being dependent on the oil income, Lim said the level of dependence has reduced greatly from the 1990s when it was about 50 per cent.
“Our revenue is well spread now – with oil and gas, commodities such as palm oil and rubber, manufacturing, retail market and tourism. The contribution from the services sector has also risen as Kuala Lumpur gains its recognition as the regional financial hub.” In 2011, 35 per cent of the revenue was derived from the oil and gas sector, another one-third from corporate and individual taxes and the remaining one-third from the customs tax collection from cigarettes, liquor and gaming (sin taxes).
“This year we had initially targeted revenue collection to total RM107 billion but our first half collection has already reached the RM99 billion mark. But the income tax payers form a small portion,” he said. Of the 12.8 million in the workforce, only 1.7 million pay tax while in the case of the 700,000 firms, only five per cent, or 35,000, pay taxes.Lim said the middle income bracket’s usual grouse is that the government tends to overlook their interest in the annual fiscal budget.
“Remember for every litre of petrol utilised, the government is giving a five-sen subsidy while for every kilogramme of rice consumed, the government is providing a 60- sen subsidy.” On the implementation of the Goods and Services Tax (GST), Lim said it was now in the final study phase as the government is still undertaking its awareness campaign. The second reading in the Parliament is expected to proceed soon after the government receives the feedback from the business community

Saturday, September 7, 2013

Bagaimana Mengira Pulangan Tabung Haji?

Assalamualaikum w.b.t,

Sebelum membuat keputusan menyimpan atau melabur melalui Tabung Haji seharusnya kita memahami terlebih dahulu kaedah kiraan dividen / bonusnya. Tabung Haji juga tidak terlepas dari gengaman tangan-tangan ghaib yang memeras dan menyedut lahap hasilnya seperti mana tabung-tabung ASNB dan KWSP namun ianya adalah instrumen yang boleh diteliti terutamanya bagi umat Islam yang bercita-cita untuk menunaikan fardhu Haji. Bagaimanakah pengiraannya?

Berikut adalah kaedah pengiraannya dari laman web TH contoh untuk 2012:

Secara umumnya bonus tahunan dikira sama seperti dividen ASB, iaitu berdasarkan baki minimum bulanan tahun penilaian. Bonus khas bergantung kepada ehsan THG, dimana berasaskan minima bulanan untuk tempoh tahun (jumlah bulanan) tertakhluk kepada hebahan THG.

Jadual di bawah menunjukkan prestasi THG untuk tempoh 10 tahun yang lalu. Apakah lebih baik? Sukar untuk diramalkan kerana prestasi selalunya diistihar baik apabila hampir dengan pilihanraya. Jika tanpa pilihanraya apakan boleh ianya boleh diharapkan sebagai tempat untuk menyimpan dan melabur? 



EPF to Raise Basic Savings Level Starting Jan 2014

Starting from January 2014, Employees Provident Fund (EPF) will revise upwards the basic savings level of its members. The aim is to ensure  its members have enough savings to finance their retirement needs.
The new quantum is RM198,000 by the age of 55 compare to RM120,000 at the current level. It will be equivalent to RM820 a month for 20 years from age 55 to 75. The new rates are benchmarked against the minimum pension for public sector employees which are currently at RM820 a month. This will avoid the monthly retirement income not fall below the poverty level.
The impact to this new revision is, members will need to have more funds in their account to be eligible to withdraw for the purpose of EPF Members Investment Scheme.
The table below is the current & new Basic Savings Level for EPF members. EPF only guarantee annual returns of 2.5%.

Basic Saving (RM)
Age Current Jan 2014 Difference
18              1,000              1,000                   -
19              2,000              2,000                   -
20              3,000              4,000            1,000
21              4,000              5,000            1,000
22              5,000              7,000            2,000
23              7,000              9,000            2,000
24              8,000            11,000            3,000
25              9,000            13,000            4,000
26            11,000            15,000            4,000
27            12,000            18,000            6,000
28            14,000            21,000            7,000
29            16,000            24,000            8,000
30            18,000            27,000            9,000
31            20,000            30,000          10,000
32            22,000            34,000          12,000
33            24,000            37,000          13,000
34            26,000            41,000          15,000
35            29,000            46,000          17,000
36            32,000            50,000          18,000
37            34,000            54,000          20,000
38            37,000            59,000          22,000
39            41,000            64,000          23,000
40            44,000            69,000          25,000
41            48,000            76,000          28,000
42            51,000            81,000          30,000
43            55,000            88,000          33,000
44            59,000            95,000          36,000
45            64,000          102,000          38,000
46            68,000          109,000          41,000
47            73,000          117,000          44,000
48            78,000          125,000          47,000
49            84,000          134,000          50,000
50            90,000          143,000          53,000
51            96,000          153,000          57,000
52          102,000          163,000          61,000
53          109,000          174,000          65,000
54          116,000          185,000          69,000
55          120,000          196,000          76,000

For those who interested to know the savings profile for active EPF members as of year end 2011, kindly take a look at the following table. It shows the savings range, number on members and total savings for each range.

Savings Range (RM) Members Savings (RM mil)
<1 1="" td=""> 516,271 230.74
1,001 – 2,000 305,953 450.13
2,001 – 3,000 229,050 568.03
3,001 – 4,000 189,928 662.18
4,001 – 5,000 164,394 738.29
5,001 – 6,000 149,869 823.37
6,001 – 7,000 137,533 893.37
7,001 – 8,000 128,038 959.79
8,001 – 9,000 121,424 1,031.46
9,001 – 10,000 114,168 1,084.41
10,001 – 15,000 503,744 6,254.00
15,001 – 20,000 406,735 7,082.07
20,001 – 25,000 341,710 7,667.42
25,001 – 30,000 292,035 8,010.71
30,001 – 35,000 252,714 8,198.32
35,001 – 40,000 221,341 8,288.42
40,001 – 45,000 194,481 8,255.48
45,001 – 50,000 170,640 8,096.25
50,001 – 60,000 288,353 15,082.15
60,001 – 70,000 228,811 14,827.12
70,001 – 80,000 184,652 13,817.14
80,001 – 90,000 151,080 12,816.94
90,001 – 100,000 124,752 11,833.20
100,001 – 110,000 104,272 10,934.18
110,001 – 120,000 87,715 10,075.63
120,001 – 130,000 74,389 9,287.66
130,001 – 140,000 62,960 8,491.89
140,001 – 150,000 54,341 7,872.92
150,001 – 300,000 324,330 66,007.58
300,001 – 400,000 58,031 19,933.16
400,001 – 500,000 28,484 12,668.27
500,001 – 600,000 15,904 8,671.77
600,001 – 700,000 9,668 6,246.03
700,001 – 800,000 6,308 4,711,28
800,001 – 900,000 4,415 3,738.24
900,001 – 1,000,000 3,165 2,997.34
>1,000,000 11,174 17,807.58
Total 6,262,832 327,834.52

It shows members average savings, total savings based on age. The figures exclude 2011 dividends.

Age Members Total Savings (RM mil) Average Saving (RM)
<16 td=""> 1,234 0.62 499.89
16 – 25 1,596,950 9,341.13 5,849.35
26 – 30 1,144,518 24,765.59 21,638.44
31 – 35 841,242 37,711.27 44,828.08
36 – 40 681,996 45,748.93 67,080.94
41 – 45 554,370 47,690.97 86,027.33
46 – 50 439,032 47,304.11 107,746.37
51 – 55 287,451 33,056.35 114,998.22
56 – 60 108,143 7,243.23 66,978.28
61 – 65 35,084 2,495.31 71,123.98
66 – 70 12,411 874.28 70,444.08
71 – 75 3,277 214.06 65,320.84
76 – 80 302 58.59 193,999.52
81 – 85 65 13.79 212,096.88
>85 117 4.63 39,534.17
Total 5,706,192 256,522.84

Monday, September 2, 2013

Congratulation! Petrol Ron 95 and Diesel up RM0.20

Assalamualaikum w.b.t.,

Well done! Well done! One of our present already here. The best still not coming yet. The wave of chain reaction will make all of very-very happy. 1st wave you will get sooner, with goods price hiking up. No worry and no hurry guys. Just wait.

Don't forget, the price increase what was told to make sure bonus can be paid to Government Servant and Continuity of BR1M. 2nd wave of goods price will some more increase after bonus. And might be we will get 3rd wave with electricity tariff hike.

So be happy and let celebrate after getting our PRU13 the best present ever....

Friday, August 30, 2013

RM Depression???

What do you feel when ringgit value drop over USD?

What will the situation effect you? Don't have idea? Then lets wait, will petrol or flour can be maintained at the current price? List your self do your basic requirement things/goods will sustained at the price? If not treat like share trading. Purchase at low price.

If you borrow money from foreigner, what currency will you use for the exchange? Yes, bingo USD. So our country James Bond in USD. So we are losing in our exchange.

Bloomberg: Ringgit Heads for Fourth Monthly Drop on Current-Account Concern

Malaysia’s ringgit headed for its fourth monthly drop as the nation’s deteriorating current-account position spurred concern among investors preparing for the Federal Reserve to taper stimulus. Government bonds rose.
The currency touched a three-year low of 3.3377 per dollar on Aug. 28 after a report last week showed the surplus in the broadest measure of trade shrank 70 percent in the second quarter. Fitch Ratings cut its outlook on Malaysia to negative from stable last month, citing public debt levels. The Fed will begin to slow bond purchases at its Sept. 17-18 meeting, according to 65 percent of economists surveyed by Bloomberg.
“The Fed’s taper has shifted the market’s focus to emerging-market asset values and imbalances such as the deterioration in current accounts,” said Nizam Idris, the head of fixed income and currency strategy at Macquarie Bank Ltd. in Singapore. “The market is re-pricing Malaysia’s assets along with all the other emerging-market countries.”
The ringgit dropped 1.8 percent this month to 3.3040 per dollar as of 10:04 a.m. in Kuala Lumpur, according to data compiled by Bloomberg. The currency gained 0.1 percent this week and 0.3 percent today. It has lost almost 8 percent in four months. One-month implied volatility, a measure of expected moves in exchange rates used to price options, rose 34 basis points in August to 9.54 percent.
Malaysia’s current-account surplus narrowed to 2.6 billion ringgit ($787 million) in the second quarter from 8.7 billion ringgit in the previous three months, the closest the country has come to recording a deficit in data compiled by Bloomberg going back to 1999.

Bonds Advance

The ringgit faces the most pressure among Asian currencies after India’s rupee and Indonesia’s rupiah because of Malaysia’s worsening current-account position and high foreign ownership of its debt, Santitarn Sathirathai, a Singapore-based economist at Credit Suisse Group AG, wrote in a research notes last week.
Government bonds advanced. The yield on the 3.26 percent notes due March 2018 fell five basis points, or 0.05 percentage point, in August to 3.68 percent, according to data compiled by Bloomberg. The rate climbed three basis points this week and was little changed today.
To contact the reporter on this story: Liau Y-Sing in Kuala Lumpur at
To contact the editor responsible for this story: Amit Prakash at

Very Best Present For All.... Cheers!!!

Lets celebrate..

At least 1% per year electricity tariff will rise due to sustainability energy subsidy. And how much will tariff rise when gas subsidy to IPP is taken back? Don't surprise, it will be the best ever present for us from our beloved elected government. Refer to the link below.

Now, budget 2014 in drafting??? Are you sure??? Or its already ready...

However, those who work with private sector, you should ask for your right in budget 2014. You will be the most affected with 2014 budget. You should think and request in 2014 budget:

1) A balance tax scheme and you should get what government worker have. Government worker their taxable income is around half from their total income. Why shouldn't you get the same?

2) Loan, as example to make a personal loan you have to pay higher interest rate around 7.95-9.5% but your counterpart in government just only 3.5-4.00%. The unreasonable higher interest rate also goes to mortgage and hire purchase.

3) Should request higher tax deduction for EPF/Insurance Premium since your counterpart in government didn't cut for EPF, they have pension scheme.

4) You should ask for medical, education and nursery tax deduction since you need to send your kids to private nursery compare to government servant they have subsidize nursery operated at office premises.

I believe as a private worker, you should benefited most from what you paid income tax? Why did you get the worst? You also should get fair benefit. Most of you working hard in industries, services and etc from early morning until sunset and should get better living. So start asking. Its open now? I think so....

#MyBudget: Share your ideas for Budget 2014!

 PieeM said, he wants to hear your idea... Do try voice your difficulties.... Even I think it is just a gimmick. Better try then don't.

1) The Star: Higher electricity bills likely

Now we have career transition scheme

2) The Star: GST implementation a must



KUALA LUMPUR: The implementation of a goods and services tax (GST) is a must and not an option.
Secretary-General of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah said at the half-year Economic Transformation Programme (ETP) update that the Government was trying its best to include it in Budget 2014 if everyone was agreeable to it.
Dr Mohd Irwan added that it would only be in place in 2015 if the Government announced it in the coming budget as it would take 14 months for the GST to be implemented.
According to him, the Government would take an overall view of the existing tax system, including looking into personal and corporate taxes, in implementing the GST.

Pantech fights back, it will take anti-dumping suit to International Trade Commission

Bumi Armada in joint venture JV with Fugro

3) Bloomberg: Malaysia Plans Projects-to-Subsidy Curbs to Contain Budget Gap


Rebates, Exemptions

Dialogues on the implementation of a goods and services tax have been underway, said Najib, who is also finance minister. “Whether this is included in the budget or not, we’ll have to wait for the budget,” said the premier, who is due to deliver his 2014 fiscal plans on Oct. 25.
GST would take 14 months from next year to implement if the government goes ahead, Irwan said. To ease the public’s burden, rebates would be given to some people and smaller companies, and some essential items like rice and baby milk could be zero-rated, he said.
A consumption tax is “a must, not an option,” said Irwan. “We are trying our best to include it in this year’s budget.”
Malaysia is on target to lower its budget deficit to 4 percent of gross domestic product this year and to 3 percent in 2015, Irwan said. It aims to achieve a surplus in 2020, he said.
“The steps announced are reassuring and will help calm fears about the large fiscal deficit and debt, and worsening current-account position,” Chua Hak Bin, a Singapore-based economist at Bank of America Corp., said by e-mail. “What will probably help are also steps to address ballooning government spending and operational costs, and not just tax increases.”

Tuesday, August 20, 2013

Unavoidable price increase, Part 2: Water??

The pending adjustment will realize soon. So your choice before PRU, now yours.


The star: Published: Wednesday April 24, 2013 MYT 12:00:00 AM
Updated: Friday April 26, 2013 MYT 12:39:24 AM

New tariff for water being planned

KUALA LUMPUR: The National Water Services Commission (SPAN) is in the process of drawing up a new water tariff.
Its chief executive officer Datuk Teo Yen Hua said that the commission would take about six months to a year to put the new tariff in place.
“The new water tariff would be more transparent and structured, and will be tied up with the key performance indicators put in place by SPAN.
“We need to have a very structured tariff mechanism so that we know what the costs are, and if those costs are efficient. Looking at the long term, we know there is a need for us to ensure that we put in enough investment to replace all the old pipes, which is a problem that all states are facing,” Teo said at a press briefing after the opening of the Water Malaysia Conference and Exhibition 2013 in Kuala Lumpur yesterday.
He said that before implementation, the commission would consult all concerned stakeholders and consumers, including the regulators.
“From there, we will try to refine and improve the system,” he said.
Malaysian Water Association (MWA) president Ahmad Zahdi Jamil said he believed that the structured tariff mechanism was the most appropriate way to increase efficiency in the industry.
“As a non-governmental organisation, our stand is simple; there is a cost that comes with delivering water to homes,” he said.
However, Ahmad Zahdi said subsidies for the less fortunate could be put in place.
Teo said that according to the World Health Organisation, water usage was about 160 litres a day per person.
“A certain block of water is required by everyone. We need to ensure that everyone can still afford that,” he said.
Ahmad Zahdi added: “According to world standards, at least 3% to 5% of a person's disposable income is taken up for the water bill.”
Meanwhile, Pengurusan Aset Air Bhd (PAAB) has formally launched its Water Asset Management Systems (WAMS), which helps to identify assets and their value, among others.
The centralised system combines three major components geographic information system, water assets and land management.
The Water Malaysia Conference and Exhibition 2013, organised by MWA and Protemp Exhibition Sdn Bhd, runs till tomorrow.
It aims to address the issue of sustainability and efficiency of water and waste-water management. It is also set to promote sustainable water management across the entire cycle of water management, from source to distribution as well as water recycling and reuse.
The theme for this year is “The Right Price for Quality Service”. More than 150 exhibitors are participating in the exhibition.

Now, the show is begin. Part 1: Tariff/Bill increase unavoidable

No one can say anything anymore. We vote then lets ride boat. This is what we call the power of power. From people to people.

The Star: Business

Published: Friday July 19, 2013 MYT 12:00:00 AM
Updated: Friday July 19, 2013 MYT 8:27:49 AM

Power tariff review up to Govt

Azman (left), Moggie and CFO Fazlur Rahman (right) at the announcement of TNB’s  third quarter financial results.
Azman (left), Moggie and CFO Fazlur Rahman (right) at the announcement of TNB’s third quarter financial results.
KUALA LUMPUR: The review in electricity tariffs “is likely to happen” sooner or later as it is difficult to sustain subsidies at present levels, according to Tenaga Nasional Bhd (TNB) chairman Tan Sri Leo Moggie said.
However, he said any decision for a reviewwould be decided by the Government and not TNB.
“Yes, there is a prospect of a review on the tariffs because the reduction of subsidies over a period of time is likely to happen,” Moggie said.
“This is why it is important from the point of view of the producer and consumers that we highlight efficiency. Not only on us (TNB) but the consumers as well. If everybody utilises electricity more efficiently, this may help to mitigate any impact that it may have should there be a reduction in subsidy costs,” he added.
Recent reports quoted Deputy Energy, Green Technology and Water Minister Datuk Seri Mahdzir Khalid as saying that the fuel cost pass-through mechanism would be implemented by the Government through TNB next year.
Mahdzir earlier said changes in fuel prices would be reflected in tariffs billed to consumers while taking into account the country’s economic performance, TNB’s and the consumer welfare.
On another matter, Moggie said that reserve margins are expected to eventually drop to 20% by 2015 from 30% presently as electricity demand is expected to grow moving forward.
TNB’s third quarter financial results ended May 31 saw its net profit jumping 153.9% to RM1.71bil while revenue grew to RM9.65bil from RM9.19bil. Its better performance was due to the increase in revenue from steady demand and lower generation costs from the lower coal price.
TNB said its bottomline before adjusting for foreign exchange translation gains stood at RM1.38bil for the third quarter.
TNB president and chief executive Datuk Seri Azman Mohd said the third quarter was seasonally the best period and demand was expected to be lower on a relative basis.

Saturday, August 17, 2013

Reported Yearly Inflaction Rate is not accurate????

Reported inflation rate 2% with many good not include in CPI. Do actual inflation rate is as reported in below article,  6% is the correct one??? You know the best.

If you always go to Pasar (market), then you can realize how the prize of wet groceries increase day by day and the quality also poor. 

From: The STAR
Published: Saturday August 17, 2013 MYT 12:00:00 AM
Updated: Saturday August 17, 2013 MYT 12:44:48 PM

To invest or not to Invest?

Warren Buffett's No. 1 rule in investing is 'Never lose your money.' - AFP
Warren Buffett's No. 1 rule in investing is 'Never lose your money.' - AFP
YOU want to grow your money, but are worried that you may lose what you have worked so hard to earn? If so, you have lots of company in this Catch-22 situation.
Most of us realise that if we don’t invest our money, it will continue to lose its value and we will ultimately fail to meet our financial goals. On the other hand, we may fear getting burnt by poor investment decisions due to perceptions about investing or previous bad experiences.
Therefore, in order to optimise our wealth, we need to find the middle ground between these extremes and put our money to work for us. But first, you need to get to grips with the potential risks and their source.
Today, anxiety about the eroding value of money is growing as accelerating inflation appears to be our constant companion, driven by both external and internal factors.
Over the last several years, we have become familiar with the concept of quantitative easing (QE), which is one form of external stimuli that can fuel inflation. QE is an unconventional monetary policy that is used by central banks to stimulate the economy when the usual medicine is not working.
In short, QE is where the central bank creates money electronically and buys financial assets such as bonds to pump money into a sinking economy. While this may help prevent businesses from going bust, it can also cause prices to soar if too much money is in circulation.
Since the global financial crisis of 2008, a number of developed economies have injected trillions of dollars into the financial system through rounds of QE. With so much money pumped into the world economy and interest rates kept super low, money has found its way into all sorts of asset classes, including commodities. As a result, prices of commodities like oil and gold have hit spectacular heights. But how do higher commodity prices affect each and every Malaysian? Well, when the prices of raw materials are inflated, producers of consumer products will face higher production costs, which are passed on to consumers.
Internal factors that affect inflation include, for example, the removal of subsidies. When this happens, as many Malaysians are finding out, the prices of consumer goods will rise. In this country, the government subsidises a whole host of essentials such as cooking oil, sugar, flour and fuel. Naturally, such subsidies come at a price – in our case it makes it difficult for the government to live within its means.
No doubt inflation is a problem and leaves us with little choice but to invest our money. Nevertheless, when we invest, we also inadvertently expose ourselves to the risk of making investment losses. The long list of investment scams like the notorious Madoff affair leaves investors wary of even the most reputable and well-regulated institutions. Until recently, many of us thought the banking system was an elite brethren of maestros – yet how times have changed. During the 2008 crisis, many unit trust funds lost 30% to 40% of their value, and investors took the hit.
Warren Buffett's No. 1 rule in investing is 'Never lose your money.' - AFP
Warren Buffett's No. 1 rule in investing is 'Never lose your money.' - AFP
The risks are higher in unregulated sectors such as land banking schemes in the UK and US and gold bullion schemes where the investor is unprotected when the value of his investments collapse.
The problem is only compounded by the wide variety of investment choices that are available for those who choose to step out from the safe sanctity of fixed deposits. Property, a traditional favourite, is holding its own, but the big question remains – how long will the good times last?
How inflation cripples your financial freedom
For the layman, inflation basically means that the prices of goods and services keep going up. According to the official statistics, our Consumer Price Index (CPI) is around 2%. However, most of us actually experience a higher inflation rate than that because we consume a lot of items which are not counted in the CPI. I estimate the inflation rate to be 4% to 6%, depending on the items you actually purchase.
Table 1 illustrates a very simple example of the impact of inflation using a 6% average increase in the cost of living and a 4% annual investment return.
Let’s look at the Capital column first. Note that if we start with RM3mil in capital and inflation averages at 6% annually, it takes only about 12 years for the value of the wealth, in today’s ringgit, to decline by 50%. In other words, if you took RM3mil and buried it in your garden, then went back and dug it up 12 years later, assuming the average inflation rate was 6% during the 12 years, your money would be worth only half as much as in current ringgit as when you buried it. And every 12 years thereafter, its value would likewise be reduced in half. So, this is the first negative impact of inflation – it destroys capital. Now, let’s look at the Income column and at the impact of 6% inflation on your investment income over time. A 4% return on RM3mil invested would yield RM120,000 annually. But at the same 6% inflation rate, the purchasing power of that income in 12 years would be only half as much as it is today.
For example, if you buy a cup of coffee for RM1.30 today, it will cost you double (RM2.60) to buy the same cup of coffee 12 years from now. Effectively, your RM120,000 income can only give you half of the current purchasing power 12 years later. A further 12 years, the purchasing power would have reduced by half once more. After 36 years, the investor would need to get by on one-eighth of the purchasing power with which he had started. As this example shows, inflation is a very serious problem.
The impact of losing your accumulated money
Psychological studies show that we feel the pain of a dollar lost twice as much as a dollar won. Obviously, none of us enjoy losing our investment capital. Table 2 helps us understand why.
Let’s assume Ahmad has invested a sum of money and is trying to achieve a 10% annual compounded return every year for the next five years. , If Ahmad loses 10% of his principal sum in the first year, he would need to achieve a return of 16% for the next four years to equal the original target of 10% for a five-year period. If he were to lose 40% of his principal in the first year, he would need to achieve 28% annualised return for the next four years to equal the original target.
As the example above illustrates, the bigger the loss on our principal capital, the higher the return on investment (ROI) we will need to generate in order to achieve our original investment target. To achieve a higher return on investment, we would need to take more risks. In short, the careless loss of current created wealth would definitely make our investment job tougher. Now we can understand better why Warren Buffett’s No. 1 rule in investing is “Never lose your money.”
Striking a balance
As you can see by now, investing involves making decisions as to where to place our money: On one end is to avoid inflation risk and another to avoid the risk of losing capital. To avoid inflation risk, one may choose to invest in high return, high risk investments such as equities. To avoid risk of losing capital, one may choose to invest in low risk, low return investments like fixed deposits. However, the ideal choice is to strike a balance by growing the investment above the rate of inflation whilst protecting our capital at the same time.
So, where are you on the scale? Do you find yourself keeping too much in savings or rather, are you exposing yourself too much to potential capital loss?

> Yap Ming Hui ( is a bestselling author, TV personality, columnist and coach on money optimisation. He heads Whitman Independent Advisors, a licensed independent financial advisory firm which has helped people to optimise their wealth and achieve financial freedom since 2000.