tag:blogger.com,1999:blog-51793987702568537472024-02-21T00:30:25.468+08:00You see it and you don'tmy mandarin blog:http://tanhin.blogspot.com/CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.comBlogger380125tag:blogger.com,1999:blog-5179398770256853747.post-22973026894356736902017-10-05T05:00:00.000+08:002017-10-05T16:59:13.223+08:00MALAYSIA'S 10 HIGHEST PAYING JOBS!!! from Iris lee<h1 class="news-title">
Malaysia’s 10 highest paying jobs</h1>
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By: Iris Lee, Malaysia</div>
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Published: 4 hours 33 min ago</div>
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<strong><a href="http://www.google.com.sg/cse?cx=partner-pub-5370247026092173%3Ajtwqkbp9obq&ie=ISO-8859-1&q=SALARY&sa=Search&siteurl=www.humanresourcesonline.net%2Fnews%3Fpage%3D21&ref=www.humanresourcesonline.net%2Fnews%3Fpage%3D18&ss=32j1024j2#gsc.tab=0&gsc.q=SALARY&gsc.page=1" target="_blank">SALARY</a> <a href="http://www.google.com.sg/cse?cx=partner-pub-5370247026092173%3Ajtwqkbp9obq&ie=ISO-8859-1&q=SALARY&sa=Search&siteurl=www.humanresourcesonline.net%2Fnews%3Fpage%3D21&ref=www.humanresourcesonline.net%2Fnews%3Fpage%3D18&ss=32j1024j2#gsc.tab=0&gsc.q=BEST%20JOBS" target="_blank">BEST JOBS</a></strong></div>
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Malaysia – I always wanted to be pilot when I was a kid, and after seeing this list, I regret not pursuing my dream. </div>
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If you are rethinking your career, here is where the big bucks are according to <em>SalaryExplorer.com</em>.</div>
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<strong>1) Pilot </strong></div>
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A pilot earns RM35,000 on average per month, on top of travelling around the world. </div>
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<strong>2) Senior accountant </strong> </div>
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You probably spend the extra off-work hours crunching numbers to manage your huge paycheck of RM30,000 a month. </div>
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<strong>3) Materials engineer</strong></div>
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A materials engineer earns about RM28,000 a month. That’s a lot for just testing materials used to create products. </div>
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<strong>4) Government affairs director </strong></div>
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Being in the public sector not only gives you great benefits, but also a high salary at RM27,000 a month. </div>
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<strong>5) Team Leader in oil & gas, energy or mining industry</strong></div>
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You will be compensated for being in a high-risk job, with team leaders in these industries earning about RM26,500 a month. </div>
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<strong>6) Recruiting manager</strong></div>
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Bring in human resources, particularly in recruiting, can rake in the big bucks. The average pay for a recruiting manager stands at around RM25,500 a month. </div>
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<em>7) <strong>Regional </strong></em><strong>manager in banking</strong></div>
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The banking industry has always been known for its perks. A regional manager for any bank in Malaysia can earn an average of RM25,000 a month. </div>
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<strong>8) Chief operating officer </strong></div>
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A COO of a company earns an average of RM24,722 a month. </div>
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<strong>9) Regional director </strong></div>
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Being the regional director is the next best thing after COO, as this position rakes in about RM24,583 a month.</div>
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<strong>10) Geotechnical engineer </strong></div>
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And last but not least, traipsing around in dirt as a geotechnical engineer brings in about RM22,833 a month. </div>
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The list above is generated through information submitted by <em>SalaryExplorer.com</em> users and also a database of salary information gathered from requirement agencies, companies and employers. </div>
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Latest stories by Iris Lee: </h3>
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<li><a href="http://www.humanresourcesonline.net/news/41427">Malaysia's most in-demand jobs</a></li>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com6tag:blogger.com,1999:blog-5179398770256853747.post-67098737090482875292017-06-04T16:47:00.003+08:002017-06-04T16:47:40.664+08:00Investors should look at the company’s business ByKoon Yew Yin<section class="social-sharing-top" style="background-color: white; border: 0px; color: #222222; float: left; font-family: Lato, sans-serif; font-size: 16px; margin: 0px 0px 30px; padding: 0px; position: relative; text-align: center; vertical-align: baseline; width: 663.4px;"><a href="http://www.koonyewyin.com/2017/06/04/1503/#" style="border: 0px; color: #037feb; font-weight: 700; margin: 0px; padding: 0px; text-decoration-line: none; transition: color 0.3s; vertical-align: baseline;" title="Share on Facebook"><div class="facebook-share" style="background: rgb(62, 100, 173); border-radius: 3px; border: 0px; display: inline-block; height: 26px; margin: 0px; max-width: 200px; padding: 0px; transition: all 0.25s; vertical-align: top; width: 103.488px;">
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Investors should look at the company’s business</h1>
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<span class="post-info-text" style="background-color: white; border: 0px; float: left; font-size: 14.4px; margin: 0px; padding: 0px; vertical-align: baseline;">By</span><span class="author-name vcard fn" itemprop="author" style="background-color: white; border: 0px; float: left; font-size: 14.4px; margin: 0px 0px 0px 3px; padding: 0px; vertical-align: baseline;"><a href="http://www.koonyewyin.com/author/aaronhee/" rel="author" style="border: 0px; color: #037feb; font-size: 14.4px; margin: 0px; padding: 0px; text-decoration-line: none; transition: color 0.3s; vertical-align: baseline;" title="Posts by Koon Yew Yin">Koon Yew Yin</a></span><div>
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Most investors are short term traders. They look at the quarterly announcements and the price charts but they do not examine what kind of business the company is doing.</div>
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For example, when JAKS reported losses in its annual accounts, most of the short term investors just dumped their holdings as if there was no tomorrow.</div>
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If you look at JAKS’ announcement on 28<sup style="border: 0px; margin: 0px; padding: 0px;">th</sup> February of its losses, you can see that I bought 6.9 million shares at Rm 1.06 per share. Since then my wife and I have accumulated a total of 138 million shares and became the controlling shareholders.</div>
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We bought so much shares because JAKS has secured the contract to build 2 X 600 MW coal fired power plant for Rm 7.6 billion to sell electricity to the Vietnamese Government for 25 years. JAKS has subcontracted the whole project to the Chinese party which has been involved in 90 % of the production of electricity in China.</div>
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I know how much profit JAKS will make every year for 25 years as an Independent Power Producer (IPP).</div>
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When I was Managing Director of Mudajaya, we built almost all the 19 coal fired power plants in Malaysia as a contractor and not as the owner. As you know, contractors do not make much money. Owners of power plants make fantastic amount of money because they are selling electricity to consumers who have no alternative but to buy from them.</div>
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Most of the plants are currently owned by TNB, Tan Sri Syed Mokhtar and Tan Sri Yeoh Tiong Lay. According to the latest report of the top 50 richest men in Malaysia, Yeoh Tiong Lay is No 7 and Syed Mokhtar is NO 10.</div>
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As the controlling shareholder, I believe with my long experience in doing business, I can help JAKS to make more profit.</div>
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For a start, I will not want the company to tender any more construction contracts. Studies has shown that almost all construction contracts cannot be completed on time. The biggest obstacle that all contractors have to overcome is the open competitive tender system, the cheapest tender gets the contract.</div>
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In order to achieve the cheapest price, every tenderer has to be very optimistic while making his estimate. He has to assume that he can get all the required labour and materials at the current prices. He has also to assume that he will not meet inclement weather during construction.</div>
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When he is awarded the contract, almost all his assumptions will not come true. Due to inflation and many other reasons, the prices of labour and materials invariable are higher than what he has allowed in his tender. There is also more rain than he has assumed.</div>
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Moreover, he has construction difficulties which he did not foresee during tender preparation.</div>
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As a result, almost all construction contracts cannot be completed within scheduled time.</div>
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In fact, one of JAKS’ contracts is already being penalised for late completion.</div>
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After many decades of experience in the contracting industry, I have developed a system or method to complete contracts within programmed time to save cost and avoid penalty for late completion.</div>
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<strong style="border: 0px; margin: 0px; padding: 0px; vertical-align: baseline;">JAKS must concentrate on producing electricity business</strong></div>
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JAKS must concentrate in getting another contract to build coal fired power plant. As I said earlier, getting contract to build power plant to sell electricity is so profitable, I will help JAKS secure another contract in Myanmar. If you visit Yangon, you can see that almost every shop has a standby diesel power generator because there is a terrific shortage of electricity supply.</div>
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About 4 years ago, I arranged Mudajaya to sign a MOU with the Chief Minister of Mandalay to build a coal fired power plant in Mandalay which you can see the photo of the signing ceremony below.</div>
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<img alt="" class="aligncenter size-full wp-image-1504" height="706" sizes="(max-width: 941px) 100vw, 941px" src="http://koonyewyin.com/wp-content/uploads/2017/06/Mudajaya.png" srcset="http://www.koonyewyin.com/wp-content/uploads/2017/06/Mudajaya.png 941w, http://www.koonyewyin.com/wp-content/uploads/2017/06/Mudajaya-300x225.png 300w, http://www.koonyewyin.com/wp-content/uploads/2017/06/Mudajaya-768x576.png 768w" style="backface-visibility: hidden; border: 0px; display: block; height: auto; margin: 0px auto; max-width: 100%; padding: 0px; vertical-align: baseline;" width="941" /></div>
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Unfortunately, we could not find a consortium of banks to finance the project. Now with the Chinese partner, I believe I can arrange JAKS to undertake a contract to build a coal fired power plant in Myanmar.</div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com23tag:blogger.com,1999:blog-5179398770256853747.post-10079724584012604342017-03-18T13:09:00.001+08:002017-03-18T13:09:08.157+08:00Credit Suisse: It’s time to invest in Malaysia Read more at http://www.thestar.com.my/business/business-news/2017/03/18/credit-suisse-its-time-to-invest-in-malaysia/#2hD8YTW1VDqqv6Kr.99<div style="-webkit-appearance: none; border-radius: 0px; border: 0px; color: #333333; font-family: Roboto, Arial, Helvetiva, Tahoma, sans-serif; padding: 0px;">
<span style="background-color: white; color: black;"><b><span style="font-size: x-large;">Credit Suisse: It’s time to invest in Malaysia</span></b></span><span style="-webkit-appearance: none; border-radius: 0px; border: 0px; color: black; font-size: small; margin: 0px; padding: 0px;"><br />Read more at http://www.thestar.com.my/business/business-news/2017/03/18/credit-suisse-its-time-to-invest-in-malaysia/#2hD8YTW1VDqqv6Kr.99</span></div>
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PETALING JAYA: Credit Suisse (CS) said it is now time for investors to put their funds into Malaysian stocks as current valuations indicate that local equities are poised for a strong recovery.</div>
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Malaysia has underperformed its peers in the emerging markets due to several reasons, among them being the downward pressure on the ringgit as well the selldown in heavyweight sectors such as banks.<iframe style="border-style: none; border-width: initial; display: block; height: 0px; margin: 0px; max-width: 100%; padding: 0px; width: 2240.96px;"></iframe></div>
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But now, according to CS in an extensive report yesterday, while the 34% decline in Malaysian equities on a dollar-adjusted basis over the past 45 months was warranted, the market bottom may be close at hand.</div>
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Calling it as “the ultimate contrarian trade”, the research house outlined 10 reasons to be bullish (<strong style="-webkit-appearance: none; border-radius: 0px; border: 0px; margin: 0px; padding: 0px;">see table</strong>).</div>
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Among them is that Malaysia’s GDP growth may see further upside, thanks to a rebound in commodities. Additionally, the government may have more leeway to increase spending, given its conservative average crude oil price forecast of US$48 per barrel, CS said.</div>
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“We believe that the recent stability in the commodity complex we have witnessed the last of the downgrades to near term growth expectations.</div>
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“We now expect a pick-up in growth to 4.5% this year (above consensus expectations of 4.3%), driven by public infrastructure projects, commodity-related investments and a boost to rural income from the recovery in rubber prices,” it explained.</div>
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image: http://www.thestar.com.my/business/business-news/2017/03/18/credit-suisse-its-time-to-invest-in-malaysia/~/media/6e9e3c3809c94d24a57732dee2661843.ashx?h=432&w=620</div>
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Another reason is on the improvement of earnings dynamics among Malaysian corporates. CS points out that at the sector level, the recovery in earnings revisions is led by the energy and mining space.</div>
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Additionally, among the larger sectors, consumer discretionary and staples have recovered sharply well into net positive territory with industrials and financials improving to at least neutral levels.</div>
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Another key catalyst for the markets is the attractiveness of the ringgit at present levels after significant devaluation.</div>
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Although Malaysia’s 15-year trend of a weaker ringgit in real effective exchange rate (REER) terms is justified by the steady erosion of its share of global exports, the 18% REER devaluation over the past three years appears severely overdone, given the relatively modest decline in export share over this period, CS noted.</div>
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One prominent beneficiary from the repair in the macro environment appears to be the banking sector, which is a heavyweight component for the FBM KLCI.</div>
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The research house said that private sector credit growth had just bounced off a 13-year low at 5.6% year-on-year in January compared to 4.2% in September last year.</div>
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“Encouragingly, deposit growth recovering back into positive territory should serve to moderate the pick-up in the loan-to-deposit ratio, which is currently at elevated levels which typically dampens credit extension,” it said.</div>
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In light of its market recommendation, CS has picked its top 10 stocks which offer superior dividends and free cashflow yields.</div>
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The companies are <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=MAYBANK" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">Malayan Banking Bhd</a>, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=CIMB" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">CIMB Group</a> Holdings Bhd, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=AXIATA" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">Axiata Group Bhd</a>, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=KLK" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">Kuala Lumpur Kepong Bhd</a>, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=ASTRO" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">Astro Malaysia Holdings</a> Bhd, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=BAT" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">British American Tobacco (M)</a> Bhd, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=IJM" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">IJM Corp Bhd</a>, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=GAMUDA" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">Gamuda Bhd</a>, <a href="http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=AFG" style="-webkit-appearance: none; border-radius: 0px; border: 0px; box-sizing: border-box; color: rgb(0, 51, 153) !important; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">Alliance Financial Group Bhd</a> and Malakoff Corp Bhd.</div>
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To date, the FBM KLCI is already up by 6.3%. Yesterday saw the largest one-day turnover in stocks since May 2016 with total trading volume of 4.98 billion shares valued at RM5.04bil.</div>
<span style="-webkit-appearance: none; border-radius: 0px; border: 0px; font-family: Roboto, Arial, Helvetiva, Tahoma, sans-serif; margin: 0px; padding: 0px;"><br />Read more at http://www.thestar.com.my/business/business-news/2017/03/18/credit-suisse-its-time-to-invest-in-malaysia/#2hD8YTW1VDqqv6Kr.99</span>CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com3tag:blogger.com,1999:blog-5179398770256853747.post-56242926891880565172016-03-25T09:56:00.002+08:002016-03-25T09:56:46.038+08:00Filing Your Income Tax Early Might Help You Save On Taxes -- from imoney<div class="post__header" style="-webkit-text-stroke-width: 0px; background-color: white; border-bottom-color: rgba(104, 113, 121, 0.2); border-bottom-style: solid; border-bottom-width: 1px; box-sizing: border-box; color: #434c55; font-size-adjust: none; font-stretch: normal; font: 14px/21px "Open Sans", "Helvetica Neue", Arial, sans-serif; letter-spacing: normal; padding-bottom: 15px; padding-top: 40px; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px;">
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<a href="https://www.imoney.my/articles/filing-your-income-tax-early-might-help-you-save-on-taxes">https://www.imoney.my/articles/filing-your-income-tax-early-might-help-you-save-on-taxes</a></h1>
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Filing Your Income Tax Early Might Help You Save On Taxes</h1>
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<span class="byline--author vcard author post-author" style="box-sizing: border-box; padding-right: 20px;">Written by<span class="Apple-converted-space"> </span><span class="fn" style="box-sizing: border-box;"><a href="https://www.imoney.my/articles/author/rebecca" rel="author" style="background-color: transparent; box-sizing: border-box; color: #708eab; text-decoration: none; transition: all 0.1s linear;" title="Posts by Rebecca Shamasundari">Rebecca Shamasundari</a></span></span></div>
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Many income taxpayers wait until the eleventh hour to file their income tax returns. While some people work best under pressure and choose to procrastinate on filing taxes, there are those who simply forget to file by the April 30 deadline.</div>
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Waiting to file your taxes till the last minute can put you under tremendous pressure. Everyone makes mistakes, especially when under the stress of gathering documentation, crunching numbers and lowering tax liabilities as much as legally possible – let alone the possibility that the e-filing might not work properly due to a large number of users.</div>
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Despite these very real reasons, there are many others benefits to get your act together early this tax season:</div>
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<strong style="box-sizing: border-box; font-weight: bold; line-height: 1.5;">1. Eliminate tax deadline stress</strong></h2>
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Though filing taxes may be an unpleasant task, it’s best to get it out of the way as soon as possible. Give yourself a fake deadline—well ahead of the deadline—to get your taxes filed.</div>
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It’s always best to get it done as soon as possible so that you do not get tangled among the last minute rush taxpayers. Begin your preparations and execute your income tax e-filing process as soon as possible.</div>
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The sooner you start on your taxes, the more opportunity you have to make sure you claim all the tax reliefs, tax deductions and tax rebates you’re eligible for. Don’t put yourself in a position where you have to cut corners in order to meet the deadline.</div>
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Remember not to rush through the process. That’s how mistakes happen. And when it comes to taxes, those mistakes can come with a huge Ringgit sign. Get started early so you have time to get the job done right.</div>
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Once your income taxes are filed, reward yourself for being an efficient and responsible taxpayer. You can then relax and watch others stress out about getting their taxes done on time.</div>
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<strong style="box-sizing: border-box; font-weight: bold; line-height: 1.5;">2. More time to plan out financials</strong></h2>
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When you file your taxes, you’ll know exactly how much you will have to pay or how much refund you can get back (if your employer practices Monthly Tax Deductions, also known as PCB).</div>
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However, you won’t have to pay in full until the filing deadline on April 30. Preparing your<span class="Apple-converted-space"> </span><a href="https://www.imoney.my/articles/income-tax-2016/malaysia-income-tax-e-filing-guide-2" style="background-color: transparent; box-sizing: border-box; color: #708eab; text-decoration: none; transition: all 0.1s linear;" target="_blank">income tax e-filing</a><span class="Apple-converted-space"> </span>early will give you enough time to arrange your payment, if any. The more time you have to come up with the money, the less likely you are to crack your budget or drain your emergency funds to pay off.</div>
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File your taxes early to know how much you owe, plan out your financials, and get that tax bill out of the way.</div>
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Besides, filing income tax returns early can be used as a means to reduce your tax liability. You practically get one liability off your shoulders and concentrate on the rest.</div>
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<strong style="box-sizing: border-box; font-weight: bold; line-height: 1.5;">3. Faster tax refunds</strong></h2>
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Yet another common reason to file taxes early is to receive your tax refund earlier, if you have any. As most taxpayers are on<span class="Apple-converted-space"> </span><a href="https://www.imoney.my/articles/income-tax-2016/how-does-monthly-tax-deduction-mtdpcb-work-in-malaysia" style="background-color: transparent; box-sizing: border-box; color: #708eab; text-decoration: none; transition: all 0.1s linear;" target="_blank">Monthly Tax Deduction (MTD/PCB)</a>, where a percentage of their salary is deducted by their employer for income tax, there is a high chance that you overpay your taxes, especially if you are eligible to claim tax reliefs.</div>
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Filing your income taxes electronically, and giving the correct bank account details, will enable the<span class="Apple-converted-space"> </span><a href="http://www.hasil.gov.my/" rel="nofollow" style="background-color: transparent; box-sizing: border-box; color: #708eab; text-decoration: none; transition: all 0.1s linear;" target="_blank">Inland Revenue Board Malaysia (IRBM)</a><span class="Apple-converted-space"> </span>to deposit the refund directly into your bank account. It is by far the fastest and most efficient way to get your income tax returns. Your tax returns, big or small, can come in handy when cash is tight, or you can easily plan where to invest it.</div>
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Taxpayers using e-filing typically gets their refunds credited directly into their bank accounts within 30 days after the income declaration is made.</div>
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<strong style="box-sizing: border-box; font-weight: bold; line-height: 1.5;">4. Protect your income tax returns from identity theft</strong></h2>
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Filing income taxes early may not eliminate the threat of identity theft, but it can protect your refund. The purpose of a fraudulent tax return is undoubtedly to pocket your tax refund. This scam occurs early in the tax season, well before most taxpayers file. In 2015 alone, there were five cases of cheating and attempts to cheat tax records, involving tax refunds of almost RM200,000.</div>
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If you file taxes early, the IRBM will automatically reject the fraudulent application(s) under your name.</div>
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Take every possible precaution to keep your income tax details private and confidential, and reduce the risk significantly by filing your taxes early.</div>
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<strong style="box-sizing: border-box; font-weight: bold; line-height: 1.5;">5. Avoid paying penalty</strong></h2>
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If you fail to file your tax returns before the April 30 deadline, you will be liable to pay a penalty. You might think that you have plenty of time to prepare your e-filing as end of April might seem far away, but you can’t predict what can happen suddenly.</div>
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You might sit down at the last minute to do your taxes only to discover that something is making your tax situation more complicated and that you won’t have time to figure it out before you submit your income taxes.</div>
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Planning for additional tax reliefs or gathering receipts from the previous year may take time. There could be three possibilities in this situation: over claiming your reliefs, missing out some reliefs, or missing your tax filing deadline altogether. All of these scenarios cost money – if not in missing your reliefs, it’s paying a hefty penalty.</div>
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Why risk making a rushed mistake that could lead to a costly audit?</div>
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Avoid the possibility of being late and owing more – or worse, wasting money on penalties – which could have been easily channelled elsewhere.</div>
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Put your best foot forward and march out early to file your taxes. Typically saves you from the hassle of any last minute rush. Avoiding procrastination can give you a lot of peace of mind. File your taxes today!</div>
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If you need some help, use our<span class="Apple-converted-space"> </span><a href="https://www.imoney.my/calculator/income-tax-calculator" style="background-color: transparent; box-sizing: border-box; color: #708eab; text-decoration: none; transition: all 0.1s linear;" target="_blank">Malaysia Income Tax Calculator</a><span class="Apple-converted-space"> </span>to help you calculate your tax savings.</div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-35673433694614831622015-12-26T14:19:00.001+08:002015-12-26T14:19:19.548+08:00Fong Siling 冯时能 (冷眼) “ColdEye” Investing principles from kcchongnz<h2>
Fong Siling 冯时能 (冷眼) “ColdEye” Investing principles kcchongnz</h2>
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<b>Author:</b> <a href="http://klse.i3investor.com/servlets/cube/kcchongnz.jsp" target="_blank">kcchongnz</a> | <b>Publish date: </b>Wed, 23 Dec 2015, 08:29 PM <br />
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In the previous article in the link appended below, I have written on the principles of Dr. Neoh Soon Kean, one of the pioneers in fundamental investing in the stock market of Singapore and Malaysia.<br />
<a href="http://klse.i3investor.com/blogs/kcchongnz/88424.jsp">http://klse.i3investor.com/blogs/kcchongnz/88424.jsp</a><br />
In this article, I would like to discuss on the principles of another more well-known super investor, ColdEye.<br />
Fong Siling 冯时能 (冷眼) requires no introduction here as he is very well-known in the investing circle. He has worked as a journalist for many years before involving in investing in the share market. His initial investing experience was not good as he had been losing money following other discipline of investing before using the fundamental approach, according what he has written in his book, 冷眼分享集.<br />
He has written a number of books with many fundamental investing principles. I have provided the above eBook and made it a point for my course participants who understand Mandarin to read his book. There are many good philosophies and principles 心得 which investors should enumerate. Here, I am just sharing a few of them with you.<br />
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<strong>Principles of ColdEye </strong>冷眼心得<br />
ColdEye reverberates the basic principle of Benjamin Graham that Individual investors must have the mind set of investing, rather than speculating. Investing in a stock should be viewed as investing in a part business, and this should be the “right path” to follow. He said,<br />
“正道”就是从商业的角度,依据基本面进行投资。<br />
The first thing an individual investor should learn is not how to make profit, but how not to lose money. Using the “right path” of investing.<br />
股票投资者,最先要学的,不是怎样赚钱,而是怎样不亏本<br />
Although you may not yield fantastic results from the “right path” of investing, at least it won’t make you bankrupt, causing the livelihood of your family in deep hot soup, but lead you to a more care-free life.<br />
循正道投资,也许收获不如你预想的那麽大,但最低限度不会使你倾家荡产,使你的家人的生<br />
活陷入水深火热之中,使你的人生之路走得更自在。<br />
On the other hand, speculating is the “left path”, the opposite of the “right path”.<br />
“左道”就是在股市投机。<br />
Speculating on and guessing share prices movement is difficult. It is like trying to catch a slippery eel. He admitted that he can’t do it right most of the time, and he believes nobody can.<br />
猜股市如抓黄鳝<br />
我确实不知道明天,下个月或明年股市会怎样,我也不认为有谁有这样的本领。<br />
In order to follow the “right path”, one must do homework, and by doing your own homework, it is more likely you can produce good investing results.<br />
勤做功课必有收获<br />
What kind of homework? In this respect, ColdEye has a few articles on these as below.<br />
数字数字我爱你!<br />
账里乾坤知多少?<br />
The homework includes company announcements, quarterly and annually financial reports, income statements, balance sheet and cash flows statements, and annual reports. These are the most basic and most important information about a listed company.<br />
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勤做功课,就是勤於阅读资料,而最重要的资料,就是公司发表的文告,每季财报和常年报告<br />
书。这些文告、季报和年报,是研究上市公司的最基本和最重要的素材.<br />
If you investing in a company, do not tell me you have no time to do this homework which is important for the outcome of your investment.<br />
不要说“没有时间”<br />
ColdEye has also have cited the importance of investing for the long-term to build wealth. He has given examples of investing in a few stocks; Maybank, Public Bank, Hong Leong Credit, OYL and Oriental Holding; and if an investor has held them for 30 years, RM10000 would have become RM1 million.<br />
Why are most investors so impatient to invest for long-term? A business will generally take a few years to bear fruits, a house needs 3 years to complete, why can’t an investor invest in a share and wait for 3 years, or 5 years?<br />
为什么不能等三年?<br />
股票投资,是许许多多投资管道之一,为什么投资者不能接受以上的两项事实。做事业,你可<br />
以等三、五年,股票投资为什么不能等三、五年?<br />
ColdEye, like those super investors in the US which I have discussed in my link below, also discourages the use of borrowed money to invest, because interest payment of the loan is fixed, but income from the investment is unpredictable.<br />
<a href="http://klse.i3investor.com/blogs/kcchongnz/88007.jsp">http://klse.i3investor.com/blogs/kcchongnz/88007.jsp</a><br />
不过,切忌借钱买股票,理由是利息是固定的,收入却难以预测,故借不得。<br />
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<strong>The Five Investing Metrics of ColdEye</strong><br />
In one of his presentations given to the public on 16<sup><span style="font-size: x-small;">th</span></sup> March 2013, ColdEye listed his investing strategy using 5 metrics that investors should look out for before he invests in that stock:<br />
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1. Return on equity, ROE,<br />
2. Cash flows<br />
3. PE ratio<br />
4. Dividend yield and<br />
5. Net tangible asset backing per share, NTA<br />
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If you have some basic knowledge in analysing and interpretation of financial statements, these metrics are simple metrics which can be easily extracted from the financial reports.<br />
The strategy suggests to invest in good companies as presented by its high return on equity and good cash flows. These two metrics are also propagated by the super investors in the US as shown in the link below:<br />
<a href="http://klse.i3investor.com/blogs/kcchongnz/88007.jsp">http://klse.i3investor.com/blogs/kcchongnz/88007.jsp</a><br />
The later three metrics measured the price versus value of the companies to invest in. Good companies may not be good investments if the price is not right.<br />
The price-to-earnings ratio, or PE, measure how cheap or expensive a share is selling with respect to its earnings.it is the most common metric used in the investing circles everywhere in the world.<br />
Dividends are tangible cash flows returning to shareholders and important to the overall returns. Besides, it gives a positive signal if a company distribute consistent increasing dividends.<br />
<a href="http://klse.i3investor.com/blogs/kcchongnz/85100.jsp">http://klse.i3investor.com/blogs/kcchongnz/85100.jsp</a><br />
Obviously a higher dividend yield is a better investment. If a company consistently and has the capability to give dividend with a yield of higher than the fixed deposit, it will be a no-brainer investment to me.<br />
The ColdEye investment strategy is reinforced further if the company has good quality net tangible assets, compared to its price.<br />
In this article below, I have attempted to explain each of the metrics mentioned above.<br />
<a href="http://klse.i3investor.com/blogs/kcchongnz/75946.jsp">http://klse.i3investor.com/blogs/kcchongnz/75946.jsp</a><br />
We can see that the 5 metrics of investing of ColdEye cover almost every aspects of sound investing; good companies with the right measurements are found, and selling cheap in every angle. How intuitive is it!<br />
Below I will use some experience of mine using the investment strategy of ColdEye.<br />
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<strong>Return of stocks using the ColdEye 5 yardsticks</strong><br />
I first posted an article in i3investor regarding the ColdEye 5 metrics of investing after his presentation in a public forum in the link below:<br />
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<a href="http://klse.i3investor.com/servlets/forum/900214344.jsp">http://klse.i3investor.com/servlets/forum/900214344.jsp</a><br />
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After my above post was published in i3investors, it received good response and constructive comments from many forumers. Many of them asked me about if their stocks meet the Cold Eye 5 yardsticks. These are all well documented in this thread in i3investor below.<br />
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<strong><a href="http://klse.i3investor.com/servlets/pfs/19817.jsp">http://klse.i3investor.com/servlets/pfs/19817.jsp</a></strong><br />
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Table 1 in the Appendix shows 9 stocks met the criteria above and were chosen as good investing candidates at about the time on 17<sup><span style="font-size: x-small;">th</span></sup> March 2013 basing on the 5 metrics. The return of these stocks were compared to the broad KLCI after two years and nine months as at to date.<br />
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As on 23<sup><span style="font-size: x-small;">rd</span></sup> December 2015, the average total return of the 9 stocks chosen is 281% in about two years and nine months, with the median return of 61.3%. This return way out-performed the total return of 8.5% of KLCI over the same period.<br />
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There are only two stocks, MBL and APM, making negative return, but with relatively small negative return of about 10%. These are also the only under-performers, or 78% of them over-performed the market.<br />
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A number of stocks over-performed the market by wide margins. Latitude returned 883%, Prolexus 786%, Liihen 652%, Willow 121% and ECS ICT 61.3%.<br />
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The characteristics of the return of this portfolio basing on the ColdEye investing strategy are summarized as below:<br />
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<ol>
<li> Most stocks, seven out of nine, or 78% outperformed the broad index.</li>
<li> Those stocks which outperformed the broad index outperformed it by a very wide margins; three digit returns against 8.5%.</li>
<li> The underperformers underperformed marginally against the market; maximum underperformance is 20%.</li>
<li> The average total return outperformed the broad KLCI index by very wide margin; 281% Vs 8.5%. Similarly, the Median return of the portfolio of 61.3% also way above the return of the broad market.</li>
</ol>
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<strong>Conclusions</strong><br />
ColdEye, through his writing shares with us his valuable fundamental investing principles and strategies. The ColdEye 5 metrics in investing appears to be an attractive investing strategy which can provide potential high return with limited downside. The metrics are easy to use and can be quite easily extracted from the three basic financial statements.<br />
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For those who are keen to learn about fundamental value investing so that he can do your own homework when investing for long-term wealth building as suggested by ColdEye can contact me for an online investment course for a small fee at<br />
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<a href="mailto:ckc13invest@gmail.com">ckc13invest@gmail.com</a><br />
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Remember what ColdEye said not to use the excuse of not having time to learn and do your homework if you want to have good outcome in your investment.<br />
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With that I wish everyone Merry Christmas and Happy New Year<br />
<br />
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com1tag:blogger.com,1999:blog-5179398770256853747.post-59490148092241981512015-11-27T11:29:00.001+08:002015-11-27T11:29:48.489+08:00The Most essential Lesson for all Investors-Koon Yew Yin<h2>
<a href="http://klse.i3investor.com/blogs/koonyewyinblog/86555.jsp">The Most Essential Lesson for all Investors - Koon Yew Yin</a></h2>
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<b>Author:</b> <a href="http://klse.i3investor.com/servlets/cube/koonyewyin.jsp" target="_blank">Koon Yew Yin</a> | <b>Publish date: </b>Sat, 21 Nov 2015, 11:02 AM <br />
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Many of my close friends and my family members want to know how I dare to buy so much of VS Industry shares. As I have announced on 15<sup>th</sup> June 2015, I have 20,445,600 shares, nearly 10% of the total issued shares before one share is split into 5 shares. I am also a substantial shareholder of Latitude and Lii Hen. The price charts show that every one of the 3 shares has gone up a few hundred per cent per year. <br />
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<img height="410" src="http://klse.i3investor.com/files/my/blog/img/bl1228_kyy_vs_1.jpg" width="600" /><br />
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<img height="418" src="http://klse.i3investor.com/files/my/blog/img/bl1228_kyy_lihen.jpg" width="600" /><br />
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<img height="425" src="http://klse.i3investor.com/files/my/blog/img/bl1228_kyy_latitude.jpg" width="600" /><br />
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<strong>A super investor must have the following 7 traits or characteristic features:</strong><br />
<strong>Trait 1.</strong> Be a contrarian investor, the ability to go against the crowd in investing. You must not be afraid to buy when most people want to sell and sell when most people want to buy as if tomorrow is too late to sell.<br />
<strong>Trait 2</strong>. A great investor is one who is obsessive about playing the game and wanting to win. These people do not just enjoy investing; they live it. They wake up in the morning and the first thing they think about, while they are still half asleep, is a stock they have been researching, or one of the stocks they are thinking about selling, or what the greatest risk to their portfolio is and how they are going to neutralize that risk.<br />
<strong>Trait 3.</strong> A good investor is the willingness to learn from past mistakes or to admit that he or she has bought the wrong share. It is so hard for people to recognize their own mistakes and sell the bad share which they bought at a higher price. Most people would much rather just move on and ignore the dumb things they have done in the past. But if you ignore mistakes without fully analyzing them, you will undoubtedly make a similar mistake later in your career. In fact, even if you do analyze them it is not easy to avoid repeating the same mistakes. <br />
<strong>Trait 4.</strong> A good investor must have an inherent sense of risk based on common sense. You must have the common sense to realize the risk of buying any share which has gone up a lot and when all the analysts are recommending buy. No share can go up indefinitely for whatever reason. Quite often you might be tempted to fall in love with your purchase because it has been going up and up. You are so proud of your pick and refuse to sell it. Remember your ego can skew your judgment. <br />
<strong>Trait 5:</strong> Great investors have confidence in their own convictions and stick with them, even when facing criticism. Buffett never get into the dot-com mania and he was being criticized publicly for ignoring technology stocks. Eventually he was proven right. Unlike Buffet, we small investors can get in and out quickly and make some profit.<br />
Besides confidence, you must have patience to wait to buy when it is has established a base and not buy when it has shot up due to some exciting hot news. <br />
<strong>Trait 6.</strong> It is the ability to think clearly. Our brain has 3 basic functions. One is to circulate your blood and control your breathing. The second is your emotion and the third is logical thinking. All normal investors allow their emotion to control their logical thinking process. All successful investors can think clearly when faced with a problem.<br />
<strong>Trait 7.</strong> Finally the most important, and rarest, trait of all is the ability to live through price volatility and fluctuation without changing your logical thinking process. This is almost impossible for most people to do when the share goes through a price correction. A swing up or down over a relatively short time period is not a loss and therefore not risk, unless you are prone to panicking at the bottom and locking in the loss. But most people just cannot see it that way; their brains would not let them. Their panic instinct steps in and shuts down the normal brain function.<br />
Most investors believe that no share can continuously go up or come down indefinitely for whatever reason. They will sell to take profit and buy back during price correction. But quite often, the correction is mild especially if the share has fantastic profit growth prospect. They would not buy back at a price higher than the price they sold.<br />
As you know VS Industry share price went up from Rm 2.5 to above Rm 8 in the last 15 months. I know of a foreign professional investor who sold VS at about Rm 4.50 because his chart indicated an unavoidable price correction. When the price continued to climb, he did not buy back because he has not mastered the above 7 traits.<br />
If you want to improve your technic in investing you have to look at the 7 traits frequently until you have mastered them. You have to absolve them into your brain so that you can react automatically like a reflect action.<br />
Basing on the last few quarterly earnings, I believe the company of VS Industry will be able to make more profit this year than last year which complies with my golden rule for selecting shares. But I am obliged to tell you that I am a substantial shareholder of VS. If you decide to buy, you are doing it at your own risk. <br />
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-41925092072466445222015-08-15T11:21:00.001+08:002015-08-15T11:21:38.611+08:00Storm Over Southeast Asian Markets -- Koon Yew Yin<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"><h1 class="entry-title" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; clear: both; color: #444444; letter-spacing: normal; margin: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
Storm Over Southeast Asian Markets</h1>
</span><div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"><a href="http://koonyewyin.com/2015/08/14/storm-over-southeast-asian-markets/">http://koonyewyin.com/2015/08/14/storm-over-southeast-asian-markets/</a></span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">Investors in Malaysia need to be concerned over recent developments in our country as well as externally which have a direct or indirect impact on investor sentiment. Hence the continuing political crisis over 1MDB, the sharp decline in the value of the ringgit against the US dollar, the battered commodity market affecting primary producing countries and pull back by foreign investors all have contributed to the depressed stock market.</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">What has made it even more of a turbulent storm is the recent decision by China to depreciate the yuan.<span class="Apple-converted-space" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"> <span class="Apple-converted-space"> </span></span>Very few in the market – even among experts – expected this and the impact has seen the market take a further sharp fall.</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">There are two considerations that Malaysian investors may want to bear in mind looking ahead. One is that we are not the only country in the region that has seen its market fall badly. Believe it or not but in fact the Singapore share market – which Malaysians would expect to be the strongest and most resilient in the region – has dropped even more than the Malaysian one during the last one year. Of course, this is small or no consolation to our local investors who have lost money. But it puts into perspective the current market fall in our country for those who have started to panic about our local situation; and who think and mourn and groan that we are alone in experiencing this current market fall.</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">The table below compares the performance of the markets in the region and shows that only the small markets of Vietnam and the Philippine have remained in positive territory since the end of 2014. Besides Singapore, Indonesia has also taken a bigger hit than us.</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">The second consideration is that any economic storm will pass if the economic fundamentals are strong. While there may be many problems with our politics, I am confident that our economic fundamentals are not only strong but are superior to those in many other countries. This is why I have kept my money fully invested in Malaysian and continue to do so. This is why I am sure that we will weather the storm over our market right now.</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">This is the same in other countries where the fundamentals are strong. For those who have lost money and have lost heart, this is what Business Insider has to say in a recent article.</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">There is an equity risk premium in the markets. Over the long term, stock investors can earn average annual returns that are close to 5% above what they’d be able to earn at the risk-free rate. That’s a huge number when compounded over decades.</b></span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">But it must be earned the hard way – battling through the worst the markets can throw at us. And, as both Buffett and Templeton can attest, it is when stocks are treating us the worst that this premium is right around the corner.</b></span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"><i style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">Read more: <span class="skimlinks-unlinked" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">http://www.businessinsider.com/how-two-great-investors-handle-losses-2015-8#ixzz3ikc4taJS</span></i></span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">Finally, a reminder, that the stock exchange consists of over one thousand companies in the Main and Ace markets. When you invest your money, make sure you invest in those whose fundamentals are stronger than others and who can take advantage of the shrinking Malaysian ringgit!</span></div>
<div class="p2" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #444444; font-size-adjust: none; font-stretch: normal; font: 14px/24px "Open Sans", Helvetica, Arial, sans-serif; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-align: justify; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span class="s1" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;">As I said many a time, successful investors do not let their emotion over rules their logical thinking process. They dare to buy when people are selling desperately and sell when people are euphoric.<span class="Apple-converted-space"> </span><span class="Apple-converted-space" style="border: 0px currentColor; font-size: 14px; margin: 0px; padding: 0px; vertical-align: baseline;"> </span></b></span></div>
<table cellpadding="0" cellspacing="0" class="t1" style="-webkit-text-stroke-width: 0px; background-color: white; border-bottom-color: rgb(237, 237, 237); border-bottom-style: solid; border-collapse: collapse; border-spacing: 0px; border-width: 0px 0px 1px; color: #757575; letter-spacing: normal; margin: 0px 0px 1.71rem; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; width: 624px; word-spacing: 0px;"><tbody style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" colspan="4" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Change on year</b></span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Market</b></span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Current</b></span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">End 2014</b></span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><b style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Pct Move</b></span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Singapore</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">3091.78</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">3365.15</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">-8.12</span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Kuala Lumpur</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">1621.62</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">1761.25</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">-7.93</span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Bangkok</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">1404.15</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">1497.67</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">-6.24</span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Jakarta</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">4584.25</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">5226.95</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">-12.30</span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Manila</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">7439.80</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">7230.57</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">+2.89</span></div>
</td></tr>
<tr style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;"><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p4" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">Ho Chi Minh</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">594.26</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">545.63</span></div>
</td><td class="td1" style="border-top-color: rgb(237, 237, 237); border-top-style: solid; border-width: 1px 0px 0px; font-size: 12px; font-weight: normal; margin: 0px; padding: 6px 10px 6px 0px; text-align: left; vertical-align: baseline;" valign="middle"><div class="p5" style="border: 0px currentColor; font-size: 12px; line-height: 1.7142; margin: 0px 0px 1.71rem; padding: 0px; vertical-align: baseline;">
<span class="s1" style="border: 0px currentColor; font-size: 12px; margin: 0px; padding: 0px; vertical-align: baseline;">+8.91</span></div>
</td></tr>
</tbody></table>
CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com1tag:blogger.com,1999:blog-5179398770256853747.post-85171337622697813772015-06-30T23:43:00.000+08:002015-07-07T23:45:53.623+08:00Trees at the forest<div class="separator" style="clear: both; text-align: center;">
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<br />CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-1952897239393672442015-05-12T17:28:00.002+08:002015-05-12T17:28:27.116+08:00Matrix Concepts net profit surges to RM115m! fantasic results!<div class="story">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGdWccinoFJOIfyxdklqhOhw_iRR7eg1BQ2-NJ2iDv6yRm7JEcnklDN9Pjr35WxeHmu063RIcQ-iQymbOGpFZ68ES9Dfx_nhUudd3BAxr86XgooWk1rOqiAv9pAE2ZR6gsHm7BwKitJQ/s1600/MATRIX.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGdWccinoFJOIfyxdklqhOhw_iRR7eg1BQ2-NJ2iDv6yRm7JEcnklDN9Pjr35WxeHmu063RIcQ-iQymbOGpFZ68ES9Dfx_nhUudd3BAxr86XgooWk1rOqiAv9pAE2ZR6gsHm7BwKitJQ/s1600/MATRIX.png" /></a></div>
KUALA LUMPUR: Matrix Concepts Holdings Bhd's net profit surged nearly 200% to RM115.4mil in the first quarter ended March 31, 2015 from RM38.6mil a year ago on the back of higher revenue for residential and industrial properties.<br />
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The company said on Tuesday revenue rose 135.8% to RM317.6mil in the quarter compared to RM134.6mil in the corresponding period a year ago.<br />
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Matrix Concepts chairman Datuk Mohamad Haslah noted it was a bumper quarter due to quicker construction progress of its on-going residential projects in Bandar Sri Sendayan as well as accelerated payments by investors for industrial properties at Sendayan TechValley.<br />
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Moving forward, he said the company targets for investment properties segment to contribute 10% to the group revenue in the next five years.<br />
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“The group also noted revenue contribution of RM2.2mil from investment properties, comprising Matrix Global Schools and d’Tempat Country Club,” the company said.<br />
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On the other hand, revenue from the residential and commercial properties segment jumped more than 120% to RM220.8mil, from RM99.6mil a year ago. Sales of industrial properties and land were RM94.6mil from RM35.1mil a year ago.<br />
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Haslah expected demand for residential properties to remain intact due to the population growth of Negeri Sembilan while Kuala Lumpur residents were buying properties in the Klang Valley region.</div>
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As at March 31, 2015, the group's unbilled sales of RM392mil would last Matrix Concepts until 2017.<br />
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“In line with the positive results, the group today declared a first interim single tier dividend of 4.25 sen per share. The dividends will be paid to shareholders on 9 July 2015 based on the Record of Depositors on June 26, 2015,” Matrix Concepts said. </div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-27734994391949578642015-05-08T11:24:00.000+08:002015-05-08T11:24:12.795+08:00Malaysians are Not Happy at Work<a href="http://www.jobstreet.com.my/aboutus/malaysians-are-not-happy-at-work.htm">http://www.jobstreet.com.my/aboutus/malaysians-are-not-happy-at-work.htm</a><br />
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MALAYSIANS ARE NOT HAPPY AT WORK<br />
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According to a recent JobStreet.com survey on Employee Job Satisfaction in Malaysia, 78% of the respondents claimed that they were unhappy with their current job. While it is often perceived that the main reason many young talent leave a company is due to the low salary, only 17% out of the 1,145 respondents quoted salary as the main reason for influencing their unhappiness at their current job.<br />
Dissatisfaction with their scope of work was the top reason many felt unhappy at work. Most of these unhappy employees said they felt that they have too much work or that their work is predictable and boring. Another factor was also their poor relationship with their immediate supervisor or boss.<br />
The remaining 22% of the respondents who are currently happy at work revealed the top 3 factors which influenced their happiness:<br />
<ul>
<li>50% are enjoying their working experiences and working challenges</li>
<li>21% are happy with their bosses who appreciate and value their input </li>
<li>19% are enjoying their work because of their friendship with their colleagues</li>
</ul>
Overall, the employees agreed that the ultimate change in order to determine their wellbeing at work would need to include opportunities for career development and also work-life balance in the company. If the needs are not met, the majority (62%) said they would find another job to restore their happiness at work. One respondent said, “A company with strong management workflow that meets customer's demands, good colleagues who can help one another with office politics at its minimum, and a good career opportunity is a pull factor for me to enjoy my job.” <br />
A total of 1,145 employees, of which 62% are from the middle management level, took part in the survey that was conducted by JobStreet.com in September 2012.CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com1tag:blogger.com,1999:blog-5179398770256853747.post-4271384802821487612015-04-23T13:31:00.001+08:002015-04-23T13:31:43.032+08:00How to interpret company announcements - Koon Yew Yin<h2>
<a href="http://klse.i3investor.com/blogs/koonyewyinblog/75270.jsp">How to interpret company announcements - Koon Yew Yin</a></h2>
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<b>Author:</b> <a href="http://klse.i3investor.com/servlets/cube/koonyewyin.jsp" target="_blank">Koon Yew Yin</a> | <b>Publish date: </b>Tue, 21 Apr 2015, 04:13 PM <br />
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According to Malaysian Securities Commission’ rules all listed companies have to make announcements of their quarterly results and other business activities that are unusual to their daily business operations.<br />
I would like to share with you my experience on how to interpret and take advantage of the various announcements as follows:<br />
<ol>
<li><strong>Announcement of quarterly result:</strong> this is often a catalyst to move share price. If the profit is good, the share price will go up but if the profit is not good the price will likely come down.</li>
<li><strong>Announcement of purchasing a large piece of land</strong> for development eg MRCB’s recent announcement of signing the S&P agreement to buy the Germen Embassy land in KL for a few hundred million Ringgit. Many investors would think that it is a wonderful deal to be able to own and develop the property right in the heart of KL. But smart investors with some imagination must consider this purchase very risky in view of the oversupply of properties in KL. Moreover, it will take about 7 years to complete the project from planning approval to construction and sale of all the properties before you can see the financial result. At the mean time, investors are exposed to 7 years of risk.</li>
<li><strong>Announcement of company share buyback</strong> is tricky to interpret. It can mean that the management wants to buy back its own shares because it is undervalued. But sometimes the management wants to prop up the price to stop the price from falling because of poor quarterly result. Investors must look at the profit growth first before buying the share. You may be tempted to buy because the chart says so. Share prices can be manipulated if the daily trading volume is small. </li>
<li> <strong>Announcement of right issues with free convertible warrants</strong> can be tempting to many investors. You must be careful to examine the true reason for calling the right issues. Do not subscribe blindly. Quite often due to poor management, the company has poor cash flow and the business has too many challenges. As a result, the company needs more cash. Moreover, this kind of announcement will push up the share price, offering you a chance to sell at a better price. You must remember that good profitable companies do not need to get money from calling for right issues.</li>
<li><strong>Announcement of bonus issues </strong>is usually a good sign that the company is able to accumulate sufficient profit to issue more shares to benefit shareholders. This announcement will push up the share price. Of course the price will be adjusted soon after the bonus issue and the price will go up again if the company continues to show good result.</li>
<li><strong>Announcement of share placement </strong>of not more than 10% of the total issued shares is a good sign that there is demand by fund managers to own these shares. If they buy them from the open market, it will cost more. This is reassuring to all existing shareholders because the big buyers would have studied the operation of the company in great detail before making such a big financial commitment. They should not think that their interest is being diluted. They must bear in mind that the company will have more cash for expansion which will benefit all the shareholders.</li>
<li><strong>Announcement of a new substantial shareholder</strong> who bought all his shares from the open market is a good sign. According to S.C. rules, any investor who owns more than 5% of the total issued shares has to declare his interest. He has also to announce if he subsequently buys or sell the shares because his action will affect the decision making process of other investors.</li>
<li><strong>Announcement of Company Directors’ buying or selling shares</strong> is a good indicator of the true value of the shares. All company directors have to make announcement when they buy or sell their shares. If they continue to buy more shares, it is a healthy sign, provided you know that the company is really doing well and that they are not buying them to simply push up the share price.</li>
<li><strong>Announcement by a contractor of securing a large multi million Ringgit contract </strong>for the construction of a big project through the open competitive tender system will often encourage investors to rush in to buy the shares in anticipation of the company’s profit growth prospect. Many would think that the contractor with additional work would naturally make more profit. You must remember contracting is a very risky business because of the open tender system. The contractor has to take a lot of risk to submit the cheapest price to win the tender. That is why there are so few really successful listed contracting companies. Very often building contractors are also property developers.</li>
<li><strong>Announcement of dividend</strong> is a good indicator of the company’s performance. The company that declares increasing dividend is definitely a good company. This shows that it has positive cash flow and can afford to benefit all its shareholders. This sort of company will not need to call for right issues to raise cash for expansion.</li>
<li><strong>Announcement of privatization of the listed company</strong> is rare but when you see this type of announcement, you can make money if you know how to position yourself. The controlling shareholders offer to buy up all the outstanding shares that they do not already own, usually at a higher price than the current market price. As soon as you see the announcement, you can buy it before the price go up to the offered price. If you consider the offer is unreasonable, you can wait until they offer a better price. You must bear in mind that the better offer may not come and it may be more advantage to accept the cash offer and use the cash proceeds to buy other shares. </li>
</ol>
<strong><u>Conclusion</u></strong>: There are about 1200 listed companies and many of the companies are making announcements every day. It is impossible to read all the announcements. After you have read the above guidelines, you can select the useful announcements to read to save time.<br />
Under the current condition, I will not read announcements by building contractors and property developers. I am not interested to know about huge land transactions.<br />
I will also not read companies that have poor profit growth prospect.<br />
As you know, our Ringgit is the lowest in the last 5 years and readers should look at announcements by companies exporting their products in US$. </div>
CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com1tag:blogger.com,1999:blog-5179398770256853747.post-71416501114943576512015-04-07T10:25:00.002+08:002015-04-07T10:25:58.812+08:0010 CHOICES YOU WILL REGRET IN 10 YEARS<div style="-webkit-text-stroke-width: 0px; border: 0px currentColor; color: #2b2b2b; font-size-adjust: none; font-stretch: normal; font: 16px/24px Lato, sans-serif; letter-spacing: normal; margin: 0px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
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10 CHOICES YOU WILL REGRET IN 10 YEARS</h1>
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<a href="http://thespiritscience.net/2015/04/05/10-choices-you-will-regret-in-10-years/">http://thespiritscience.net/2015/04/05/10-choices-you-will-regret-in-10-years/</a></div>
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When you’re present, aware and actively creating; there’s nothing really to regret. You see that the mistakes you’ve made are lessons to learn that helped create who you are today. It’s never too late to start living from the heart, for that is a place where regret simply does not exist!</div>
<h3 style="-webkit-text-stroke-width: 0px; border: 0px currentColor; clear: both; color: #2b2b2b; font-size-adjust: none; font-stretch: normal; font: 700 22px/24px Lato, sans-serif; letter-spacing: normal; margin: 36px 0px 12px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<img alt="" class="alignright" height="246" src="http://m.cdn.blog.hu/ps/pszichologusbudapest/image/Woman-taking-off-a-mask.jpg" style="border: 0px currentColor; float: right; height: auto; margin: 7px 0px 7px 24px; max-width: 100%; vertical-align: middle;" width="320" />1. Pretending to be something you’re not.</h3>
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What does it mean to truly be yourself? It’s speaking from the heart and having the awareness that lets you know when to engage and when to listen. If you’ve ever held back something you wanted to say because you’re scared the reaction; you’re still not being your self fully.</div>
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Think about the energy you let off in your interactions and see how it’s effecting your peers. The point is to allow your expressions to flow while still having the awareness of knowing<span class="Apple-converted-space"> </span><em style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: italic; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">what</em><span class="Apple-converted-space"> </span>to say and<span class="Apple-converted-space"> </span><em style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: italic; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">how</em><span class="Apple-converted-space"> </span>to say it.</div>
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2. Letting others choose your life for you.</h3>
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<span style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: inherit; font-weight: inherit; line-height: 1.5; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">This is a big one we all need to understand, especially if you’re a parent! We are our own teachers, guiders and mentors. This can look like a lot of different scenarios from your friend who is a bit too pushy to parents who make you go to university. Communication is key, expressing what you want in the moment is so important to make sure everyone understands where you are coming from.<span id="more-29538" style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></span></span></div>
<h3 style="-webkit-text-stroke-width: 0px; border: 0px currentColor; clear: both; color: #2b2b2b; font-size-adjust: none; font-stretch: normal; font: 700 22px/24px Lato, sans-serif; letter-spacing: normal; margin: 36px 0px 12px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span style="border: 0px currentColor; font-family: inherit; font-size: 22px; font-style: inherit; font-weight: inherit; line-height: 1.5; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">3. Being unaware.</span></h3>
<div style="-webkit-text-stroke-width: 0px; border: 0px currentColor; color: #2b2b2b; font-size-adjust: none; font-stretch: normal; font: 16px/24px Lato, sans-serif; letter-spacing: normal; margin: 0px 0px 24px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<span style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: inherit; font-weight: inherit; line-height: 1.5; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Our world is filled to the brim with unconsciousness; and it manifests in so many different ways. When we can practice awareness on the smallest scale, like picking up after ourselves, seeing what needs doing and just doing it;<span class="Apple-converted-space"> </span><a href="http://thespiritscience.net/wp-content/uploads/2015/04/url.jpg" style="border: 0px currentColor; color: #24890d; font-family: inherit; font-size: 16px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: underline; vertical-align: baseline;"><img alt="url" class="size-full wp-image-29539 alignleft" height="183" src="http://thespiritscience.net/wp-content/uploads/2015/04/url.jpg" style="border: 0px currentColor; float: left; height: auto; margin: 7px 24px 7px 0px; max-width: 100%; vertical-align: middle;" width="275" /></a>having that knowing of what needs to get done.</span></div>
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<span style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: inherit; font-weight: inherit; line-height: 1.5; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Cooking for a group when you see everyones hungry, knowing you’ll need something ahead of time and preparing it; <em style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: italic; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">just being aware. </em>When this is practiced enough, it becomes habit and translates over onto a global scale!</span></div>
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<span style="border: 0px currentColor; font-family: inherit; font-size: 22px; font-style: inherit; font-weight: inherit; line-height: 1.5; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> 4</span><span style="border: 0px currentColor; font-family: inherit; font-size: 22px; font-style: inherit; font-weight: inherit; line-height: 1.5; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">. Keeping negative company around.</span></h3>
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This can be a tricky one, and as always, communication is key to understanding. If there’s someone in your life who is causing you distress and you are able to talk to them about it, do it! If the lines for communication aren’t secure enough, don’t feel bad about ejecting yourself from someones life. If they are mistreating you, being unaware or even simply not engaging with you, they might not see it. You can choose to be a facilitator of growth for this person if they will allow for that transformation.</div>
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5. Avoiding personal growth.</h3>
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<img alt="241_4-steps-avoid-people_flash" class="alignright size-medium wp-image-29541" height="168" src="http://thespiritscience.net/wp-content/uploads/2015/04/241_4-steps-avoid-people_flash-300x168.jpg" style="border: 0px currentColor; float: right; height: auto; margin: 7px 0px 7px 24px; max-width: 100%; vertical-align: middle;" width="300" /></div>
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This is something we’ve all been guilty of; perhaps some more than others. What does this look like? It’s specific to you and your life, the choices you make and the lessons you choose to learn.</div>
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When you make a mistake and get called out for it, don’t defend it, just listen and grow from it. Defending, denying or ignoring the problems you create does not facilitate growth.</div>
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Seeing what you’ve created and being able to see a solution and how not repeat your mistakes is the greatest recipe for growth.</div>
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6. Giving up.</h3>
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Don’t do this! There is a difference between giving up on something and taking a break from it. When you’re working hard and you need to stop for the night, great job! You deserve that relaxation. When you set a goal for something and don’t complete it – that’s okay, you can continue it later. When you refuse to continue working on something wether its work, relationships, a hobby, etc, that is giving up. Finish what you start because it always feels better.</div>
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7. Overthinking everything.</h3>
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In the design of our society, it’s almost impossible to not overthink things. There is so much stimulation, a never ending stream of thoughts is always flowing through our brains. Take a breath, use this moment to slow down and focus on your breathing, the physical environment and your physical body. This is grounding and will help take you out of your head and into your body.</div>
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8. Not speaking from the heart.</h3>
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<img alt="lack-of-communication_616" class="alignright size-medium wp-image-29540" height="187" src="http://thespiritscience.net/wp-content/uploads/2015/04/lack-of-communication_616-300x187.jpg" style="border: 0px currentColor; float: right; height: auto; margin: 7px 0px 7px 24px; max-width: 100%; vertical-align: middle;" width="300" /></div>
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At the end of the day, if you’ve worked hard to make people feel good, you usually feel just as good. When you speak truthfully, from a space of acceptance and true understanding; everything you say resonates with everyone.</div>
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Truth is universal and everyone will understand where you’re coming from when it’s from the heart.</div>
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9. Waiting for the next day.</h3>
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Bring yourself back to the present. Focus on your breathing again, focus on what needs to get done this moment. If you’re constantly wanting the day to end, to be somewhere else or dying to crawl back into bed, evaluate what you’re doing with your life. Where is your attention going, do you enjoy the jobs or tasks you preform each day? We have a lot more freedom than we realize;<span class="Apple-converted-space"> </span><em style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: italic; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">do what you love. </em></div>
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<a href="http://thespiritscience.net/wp-content/uploads/2015/04/ACGPET_2037322c.jpg" style="border: 0px currentColor; color: #24890d; font-family: inherit; font-size: 22px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: underline; vertical-align: baseline;"><img alt="ACGPET_2037322c" class="alignleft size-medium wp-image-29542" height="187" src="http://thespiritscience.net/wp-content/uploads/2015/04/ACGPET_2037322c-300x187.jpg" style="border: 0px currentColor; float: left; height: auto; margin: 7px 24px 7px 0px; max-width: 100%; vertical-align: middle;" width="300" /></a>10. Being unproductive.</h3>
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What are you bringing to the world? Create from your soul! What brings you the most joy, makes you the most excited and inspires you immensely? The world needs creations from the heart, ideas that shift us into the next stages of consciousness. What are you bringing to the table?</div>
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Most of us aren’t in our purpose so navigating life can leave us feeling lost. Follow what brings you joy, that<span class="Apple-converted-space"> </span><em style="border: 0px currentColor; font-family: inherit; font-size: 16px; font-style: italic; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">thing</em><span class="Apple-converted-space"> </span>that you want to share with the world.</div>
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<div class="shareaholic-canvas" data-app-id="5111566" data-app="share_buttons" data-link="http://thespiritscience.net/2015/04/05/10-choices-you-will-regret-in-10-years/" data-summary="" data-title="10 Choices You Will Regret in 10 Years" style="-webkit-text-stroke-width: 0px; border: 0px currentColor; clear: both; color: #2b2b2b; font-size-adjust: none; font-stretch: normal; font: 16px/24px Lato, sans-serif; letter-spacing: normal; margin: 0px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
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<img class="shareaholic-share-buttons-heading-image" src="http://dsms0mj1bbhn4.cloudfront.net/assets/pub/share-buttons/share-headers-new/share-enjoy.png" style="border: 0px currentColor !important; box-shadow: none !important; float: none !important; font-size-adjust: inherit; font-stretch: inherit; font: inherit; height: auto; margin: 0px 0px -30px !important; max-width: 100%; padding: 0px !important; vertical-align: baseline; width: auto;" /></div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-60395874720555634752015-04-04T12:01:00.000+08:002015-04-04T12:01:24.494+08:00Rubber Gloves - More Upside from Earnings Growth!<strong>Rubber Gloves - More Upside from Earnings Growth(finally !!!)</strong><br />
from KENANGA<br />
<br />
<strong><span style="color: blue;">We maintain our OVERWEIGHT rating on the rubber gloves sector. Rubber glove stocks under our coverage have performed well YTD, led by KOSSAN (+30%), SUPERMX (+26%), HARTALEGA (+23%), and TOPGLV (+21%). Nevertheless, we believe they still have further upside moving into 2Q15. The stage is set for rubber gloves makers to post decent-to-solid quarterly earnings growth over the next few quarters. Our investment case is based on: (i) resumption of earnings growth in coming quarters, underpinned by new capacity expansions matched and fueled by sustained demand for rubber gloves, led by nitrile gloves, (ii) favourable USD/MYR exchange rate, and (iii) the sustained low raw material prices especially latex. We expect glove makers to announce good sets of 1QCY15 numbers due to the commencement of new capacity starting from Jan 2014 and a favourable forex rate. As an indication, the recently announced Top Glove’s 2Q15 results which topped expectations were boosted by the strengthening of US dollar against MYR. In the meantime rubber glove players indicated that customers have been found for their new plants’capacities. Our Top Pick is HARTALEGA with a TP of RM9.50. We continue to like HARTALEGA for its: (i) highly automated production processes model, (ii) solid improvement in its production capacity and reduction in costs leading to higher margins compared to its peers, (iii) innovation in producing superior quality nitrile gloves, and (iv) positioning in a booming nitrile segment with a dominant market position. We also have OUTPERFORM calls for KOSSAN (TP: RM6.68) and SUPERMX (TP: RM2.75).</span> </strong><br />
<strong></strong><br />
<strong>Mixed bag of 4QCY14 results. </strong>Results of the glove makers from the 4QCY14 results season were mixed. Both Supermax and Hartalega posted results which came in below expectations. However, Kossan Rubber came in within but Top Glove topped expectations. Hartalega’s results were lower due to higher-than-expected operating expenses arising from new recruitment of labour for the incoming NGC project. Supermax saw lower-than-expected sales volume and start-up costs incurred in new plants. Kossan interestingly saw a 7% QoQ volume growth driven by maiden contribution from additional new 5 lines in Plant 1. However, the best performer was Top Glove in its recently announced 2Q15 results which topped expectations, due largely to an 8% strengthening of US dollar against the RM.<br />
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<strong>New in-coming capacity to drive quarterly earnings growth in FY15. </strong>Concerns of oversupply appear to have dissipated as earlier highlighted. In fact, in-coming new supply had been slower-than-expected. However, after a year of slowdown in most of 2014, all four players namely Hartalega, Kossan, Top Glove and Supermax have started commissioning their new plants gradually in end 4QCY14, albeit at a slower pace. As such, the slower-than-expected ramp-up in new production capacity further reinforces our positive outlook on the sector by allaying concerns on competitive pressure and oversupply issues. Apart from favourable forex, we expect new capacity to drive earnings growth of rubber glove stocks under our coverage over the next few quarters. Hartalega’s NGC plant has commissioned production in end Dec CY14 and currently with six running production lines. We expect Kossan to register solid growth in both revenue and earnings for 2015 with additional capacity of 6b pieces of gloves added after the full completion of three plants with 17 double-former high speed technological advanced production lines running in full force. We understand that customers have been secured. This brings the three new plants’ installed capacity to 22b from 16b per pieces of gloves per annum. On Supermax, we understand that two lines, from the new plants namely Lot 6059 and Lot 6058, are expected to start commissioning soon. From our channel checks, demand for nitrile gloves is strong.<br />
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<strong>Weakening of MYR vs. USD is short-to-medium-term positive to rubber glove players. </strong>Taking a que from Top Glove’s recent 2Q15 results, we expect other glove makers to report good sets of 1QCY15 numbers underpinned by the strengthening of USD against MYR. YTD, the USD had risen by 7% against the RM (USD1 = MYR3.69). Generally, a weakening Ringgit is positive for glove makers. Since sales are USD-denominated, theoretically, a depreciating ringgit against the dollar will lead to more revenue receipts for glove makers. Ceteris paribus, a 1% decline of RM against USD will lead to an average 1%-2% increase in the net profit of rubber glove players. However, we believe the impact from currency movements to glove players’ earnings is neutral over the long-term. This is because glove players typically hedge the currency on a consistent basis, hence in theory any negative or positive impact will be neutralised over time.<br />
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<strong>We like KOSSAN, maintain OUTPERFORM and TP upgrade to RM6.68. </strong>We are raising KOSSAN’s TP from RM6.00 to RM6.68 by upgrading our PER from 16x to 18x (at +2.0 SD above its historical forward average) as its prospect is enhanced by the new production lines that could potentially lead to higher margins. We believe KOSSAN’s new gloves production lines could potentially lead to higher margins from improvement in productivity and efficiency as the lines are designed to focus on larger orders with fewer clients (compared to previous production scheduling model) for a single product type and specification, thus reducing idle downtime from frequent machinery setting adjustments to accommodate diverse specifications. This could lead to an output of 35,000 pieces of gloves per hour, which is higher than its existing average production line speed of 29,000 gloves per hour, a robust 20% enhancement. Its current production style comprises shorter production lines catering to a large customer base with diverse products, which reduces reliance risk on few larger clients. However, such an arrangement also limits margin expansion due to more downtime on frequent machinery setting adjustments.<br />
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<strong>Maintain OVERWEIGHT. Our TOP PICK is HARTALEGA with an OUTPERFORM and TP of RM9.50. </strong>We raised Hartalega’s TP to RM9.50 from RM8.20 based on higher FD CY16 PER of 24 compared to 21x previously (at +2.0 SD above its historical forward average) due to its solid management and its ability to consistently remain head and shoulders above its peers in terms of better margins, solid improvement in production capacity and reduction in costs. We like HARTALEGA for its: (i) highly automated production processes model, (ii) solid improvement in its production processes and reduction in costs leading to higher margins compared to its peers, (iii) innovation in producing superior quality nitrile gloves, and (iv) positioning in a booming nitrile segment with a dominant market positionCH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com1tag:blogger.com,1999:blog-5179398770256853747.post-89394609366067045382015-03-27T10:13:00.000+08:002015-03-27T10:13:24.781+08:00Doctors may add GST cost to feesDoctors may add GST cost to fees<br />
<br />
<a href="http://www.thestar.com.my/News/Nation/2015/03/27/Doctors-may-add-GST-cost-to-fees-Not-wrong-for-private-clinics-to-raise-price-of-consultation-says-o/?utm_source=dlvr.it&utm_medium=twitter">http://www.thestar.com.my/News/Nation/2015/03/27/Doctors-may-add-GST-cost-to-fees-Not-wrong-for-private-clinics-to-raise-price-of-consultation-says-o/?utm_source=dlvr.it&utm_medium=twitter</a><br />
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PUTRAJAYA: Private healthcare services are not supposed to be charging the Goods and Services Tax (GST), but the cost could be hidden in the consultation fees.<br />
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Customs GST division senior assistant director II Norazura Hashim said it was not an offence for doctors to embed their GST costs into the consultation fees.(<span style="color: blue;">then how to explain to patients,are we suppose to cheat patients?)</span><br />
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“As long as they do not have a separate GST fee indicated in their invoice, they are not doing anything wrong by passing on the cost to patients,” she told reporters.(<span style="color: blue;">poor patient! poor doctor</span>!)<br />
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Norazura said private doctors might have to pay the GST to their drug suppliers and would not be able to claim the tax as private healthcare falls under the exempt supplies list.<br />
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“Due to this, doctors or clinics may in turn raise their consultation fees to cover whatever GST payment they make.”<br />
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Asked whether there was monitoring of clinics, Norazura said it was up to consumers.<br />
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“We expect a general increase of between 3% and 4% in healthcare costs following the introduction of GST. <br />
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“Patients who notice massive fee increases should lodge complaints with the Domestic Trade, Co-operatives and Consumerism Ministry.<br />
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“The authorities will then investigate and take the necessary action,” she said.<br />
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On a separate matter, Norazura said the ministry had not finalised the list of medical equipment that would be GST-exempt.<br />
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“When it comes to medical equipment, there is a difference between Item Three and Item Six of the GST Exempt Supply Order 2014.<br />
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“All medical equipment purchased by government are exempted, while only selected equipment are exempted for private hospitals,” she said.<br />
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She said the full list of the exemptions approved by the Ministry of Finance would be uploaded on the Customs website soon.CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com1tag:blogger.com,1999:blog-5179398770256853747.post-49580150409057094092015-03-25T18:26:00.000+08:002015-03-25T18:26:27.196+08:00Malaysia Income Tax Guide 2015<h2 style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; clear: both; color: #222222; font-family: "Open Sans", sans-serif; font-size: 20px !important; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 1.26em; margin: 0px 0px 0.66em; outline: 0px; padding: 0px; text-indent: 0px; text-shadow: none; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<strong style="border: 0px currentColor; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">for full articles please read</strong></h2>
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<strong style="border: 0px currentColor; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">http://savemoney.my/malaysia-income-tax-guide-2015</strong></h2>
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<strong style="border: 0px currentColor; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"></strong> </h2>
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<strong style="border: 0px currentColor; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">What Are Tax Reliefs?</strong></h2>
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What about a tax relief? It is defined as "an amount that can be deducted from a person's annual income to reduce the amount on which tax is paid".</div>
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To describe it in a more clear and concise manner, it is actually a way for you to lessen your chargeable income.</div>
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Let's say you took home a monthly paycheck of RM4,000 from your company in 2014 and if there were no tax exemptions or reliefs, your chargeable income will remain the same and your tax for the year would have been in the 10% bracket.</div>
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Now say the Government decides that all Residents of Malaysia should get a personal tax relief of up to RM9,000 per year. Your chargeable income will now be RM31,000 which means that your tax would be in the 6% bracket.</div>
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These are the following reliefs available for Malaysian Residents:</div>
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<table class="wp-table-reloaded wp-table-reloaded-id-3" id="wp-table-reloaded-id-3-no-1" style="-webkit-box-shadow: none; background: rgb(205, 205, 205); border-bottom-color: rgb(232, 232, 232) !important; border-bottom-style: solid !important; border-bottom-width: 1px !important; border-collapse: collapse; border-left-color: rgb(232, 232, 232); border-left-style: solid; border-left-width: 1px; border-radius: 5px; border-right-color: rgb(232, 232, 232); border-right-style: solid; border-right-width: 1px; border-spacing: 1px; border-top-color: rgb(211, 211, 211); border-top-style: solid; border-top-width: 1px; clear: both; color: white; font-family: "Open Sans", sans-serif !important; font-size: 12px !important; font-style: inherit; font-weight: inherit; margin: 10px 0px 15px; outline: 0px; padding: 5px; text-align: left; text-shadow: none; vertical-align: baseline; width: 707px;"><thead style="display: table-header-group; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 10px; vertical-align: middle;">
<tr class="row-1 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><th class="column-1 sorting_disabled" colspan="1" rowspan="1" style="background-color: #a03022; border: 1px solid rgb(160, 48, 34); color: rgb(255, 255, 255) !important; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 5px; text-align: left; vertical-align: baseline;">Included in MTD system</th><th class="column-2 sorting_disabled" colspan="1" rowspan="1" style="background-color: #a03022; border: 1px solid rgb(160, 48, 34); color: rgb(255, 255, 255) !important; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 5px; text-align: left; vertical-align: baseline;">RM</th></tr>
</thead><tbody class="row-hover" style="display: table-row-group; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: middle;">
<tr class="row-2 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Self and Dependent</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">9,000</td></tr>
<tr class="row-3 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Life insurance and EPF</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">6,000</td></tr>
<tr class="row-4 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Husband/Wife/Alimony Payments</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">3,000</td></tr>
<tr class="row-5 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Ordinary Child relief (per child)</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">1,000</td></tr>
<tr class="row-6 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Total</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">> 15,000</td></tr>
</tbody></table>
</div>
<div class="dataTables_wrapper" id="wp-table-reloaded-id-4-no-1_wrapper" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; clear: both; color: #222222; font-size-adjust: none; font-stretch: normal; font: 13px/normal "Open Sans", sans-serif; letter-spacing: normal; margin: 0px; outline: 0px; padding: 0px; position: relative; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px; zoom: 1;">
<table class="wp-table-reloaded wp-table-reloaded-id-4" id="wp-table-reloaded-id-4-no-1" style="-webkit-box-shadow: none; background: rgb(205, 205, 205); border-bottom-color: rgb(232, 232, 232) !important; border-bottom-style: solid !important; border-bottom-width: 1px !important; border-collapse: collapse; border-left-color: rgb(232, 232, 232); border-left-style: solid; border-left-width: 1px; border-radius: 5px; border-right-color: rgb(232, 232, 232); border-right-style: solid; border-right-width: 1px; border-spacing: 1px; border-top-color: rgb(211, 211, 211); border-top-style: solid; border-top-width: 1px; clear: both; color: white; font-family: "Open Sans", sans-serif !important; font-size: 12px !important; font-style: inherit; font-weight: inherit; margin: 10px 0px 15px; outline: 0px; padding: 5px; text-align: left; text-shadow: none; vertical-align: baseline; width: 707px;"><thead style="display: table-header-group; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 10px; vertical-align: middle;">
<tr class="row-1 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><th class="column-1 sorting_disabled" colspan="1" rowspan="1" style="background-color: #a03022; border: 1px solid rgb(160, 48, 34); color: rgb(255, 255, 255) !important; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 5px; text-align: left; vertical-align: baseline;">Not usually included in MTD / PCB system but relevant to most taxpayers</th><th class="column-2 sorting_disabled" colspan="1" rowspan="1" style="background-color: #a03022; border: 1px solid rgb(160, 48, 34); color: rgb(255, 255, 255) !important; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 5px; text-align: left; vertical-align: baseline;">RM</th></tr>
</thead><tbody class="row-hover" style="display: table-row-group; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: middle;">
<tr class="row-2 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Net saving in SSPN's scheme</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">6,000</td></tr>
<tr class="row-3 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Education Fees (Individual)</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">5,000</td></tr>
<tr class="row-4 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Updated: PRS Voluntary Contribution</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">3,000</td></tr>
<tr class="row-5 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Purchase of personal computer (every 3 years)</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">3,000</td></tr>
<tr class="row-6 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Insurance premium for education or medical benefit</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">3,000</td></tr>
<tr class="row-7 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Special relief for tax payers earning an income of up to RM8,000 a month (RM96,000 anually). Only applicable for the 2013 year of assessment.</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">2,000</td></tr>
<tr class="row-8 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Purchase of books, journals, magazines and publications</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">1,000</td></tr>
<tr class="row-9 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Complete medical examination</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">500</td></tr>
<tr class="row-10 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Purchase of sport equipment for sport activities</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">300</td></tr>
<tr class="row-11 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Total</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">19,300</td></tr>
</tbody></table>
</div>
<div class="dataTables_wrapper" id="wp-table-reloaded-id-5-no-1_wrapper" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; clear: both; color: #222222; font-size-adjust: none; font-stretch: normal; font: 13px/normal "Open Sans", sans-serif; letter-spacing: normal; margin: 0px; outline: 0px; padding: 0px; position: relative; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px; zoom: 1;">
<table class="wp-table-reloaded wp-table-reloaded-id-5" id="wp-table-reloaded-id-5-no-1" style="-webkit-box-shadow: none; background: rgb(205, 205, 205); border-bottom-color: rgb(232, 232, 232) !important; border-bottom-style: solid !important; border-bottom-width: 1px !important; border-collapse: collapse; border-left-color: rgb(232, 232, 232); border-left-style: solid; border-left-width: 1px; border-radius: 5px; border-right-color: rgb(232, 232, 232); border-right-style: solid; border-right-width: 1px; border-spacing: 1px; border-top-color: rgb(211, 211, 211); border-top-style: solid; border-top-width: 1px; clear: both; color: white; font-family: "Open Sans", sans-serif !important; font-size: 12px !important; font-style: inherit; font-weight: inherit; margin: 10px 0px 15px; outline: 0px; padding: 5px; text-align: left; text-shadow: none; vertical-align: baseline; width: 707px;"><thead style="display: table-header-group; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 10px; vertical-align: middle;">
<tr class="row-1 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><th class="column-1 sorting_disabled" colspan="1" rowspan="1" style="background-color: #a03022; border: 1px solid rgb(160, 48, 34); color: rgb(255, 255, 255) !important; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 5px; text-align: left; vertical-align: baseline;">Not included in MTD system but relevant to certain taxpayers</th><th class="column-2 sorting_disabled" colspan="1" rowspan="1" style="background-color: #a03022; border: 1px solid rgb(160, 48, 34); color: rgb(255, 255, 255) !important; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 5px; text-align: left; vertical-align: baseline;">RM</th></tr>
</thead><tbody class="row-hover" style="display: table-row-group; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: middle;">
<tr class="row-2 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Disabled Individual</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">6,000</td></tr>
<tr class="row-3 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Basic supporting equipment (for disabled self, spouse, child or parent)</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">5,000</td></tr>
<tr class="row-4 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Medical expenses for serious diseases</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">5,000</td></tr>
<tr class="row-5 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Disabled child </td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">5,000</td></tr>
<tr class="row-6 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Medical expenses for parents</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">5,000</td></tr>
<tr class="row-7 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">6,000</td></tr>
<tr class="row-8 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Disabled Wife / Husband</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">3,500</td></tr>
<tr class="row-9 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Child age 18 years old and above, not married and receiving full-time tertiary education</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">1,000</td></tr>
<tr class="row-10 even" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Premium on new annuity scheme or additional premium paid on existing annuity scheme commencing payment from 01/01/2010 (amount exceeding RM1,000 can be claimed together with life insurance premium)</td><td class="column-2" style="background-color: rgb(232, 232, 232) !important; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">1,000</td></tr>
<tr class="row-11 odd" style="border: 0px currentColor; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><td class="column-1" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">Total</td><td class="column-2" style="background-color: white; border-right-color: rgb(224, 224, 224); border-right-style: solid; border-top-color: rgb(224, 224, 224); border-top-style: solid; border-width: 1px 1px 0px 0px; color: #3d3d3d; font-family: inherit; font-size: 12px; font-style: inherit; font-weight: normal; margin: 0px; outline: 0px; padding: 10px; text-align: left; vertical-align: middle;">> 35,500</td></tr>
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<strong style="border: 0px currentColor; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Tax Deductions vs Tax Reliefs</strong></h2>
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Most of the time people get confused between Tax Deductions and Tax Reliefs, and its easy to see why. They are for the most part the same thing, as they both allow you to reduce your Chargeable Income (that is, before you even start looking at tax rate tables). In fact most people worldwide use both terms interchangeably, and LHDN goes one step further and classifies Tax Deductions as a reduction in your Chargeable Income as a result of Gifts or Donations.</div>
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As a rule of thumb, you can deduct up to 7% of your Taxable Income for gifts to charities and institutions which are approved by the government (not all charities are approved, so be sure to find out before you donate away!), unless you are giving to a few selected government-related bodies, where there is less restrictions on the amount deductible from your income.</div>
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For example, if you earned RM60,000 this year, and donated RM5,000 to an approved charity, you may deduct RM4,200 (ie. 7% of RM60,000) off your chargeable income, in addition to all those reliefs above.</div>
<h2 style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; clear: both; color: #222222; font-family: "Open Sans", sans-serif; font-size: 20px !important; font-style: normal; font-variant: normal; font-weight: inherit; letter-spacing: normal; line-height: 1.26em; margin: 0px 0px 0.66em; outline: 0px; padding: 0px; text-indent: 0px; text-shadow: none; text-transform: none; vertical-align: baseline; white-space: normal; widows: 1; word-spacing: 0px;">
<strong style="border: 0px currentColor; font-family: inherit; font-size: 20px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">What are the Tax Rebates in Malaysia for 2014?</strong></h2>
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<a href="http://savemoney.my/wp-content/uploads/2014/03/tax-relief.jpg" style="border: 0px currentColor; color: #5b8aca; font-family: inherit; font-size: 14px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;"><img alt="tax relief" class="wp-image-56634 alignright" height="253" src="http://savemoney.my/wp-content/uploads/2014/03/tax-relief.jpg" style="border: 0px currentColor; display: inline; float: right; height: auto; margin-bottom: 15px; margin-left: 30px; margin-top: 5px; max-width: 100%;" width="389" /></a>Some people will be having the question of how is a tax rebate different from a tax relief? A tax relief is a reduction in your chargeable income (ie.<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">before</strong><span class="Apple-converted-space"> </span>you calculate tax) whereas a tax rebate is a reduction in your tax expense<strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">after</strong><span class="Apple-converted-space"> </span>you have calculated your tax for the year.</div>
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Tax rebates (or also known as "tax refunds" but done automatically rather than actually refunded to you). Simply put, there are income tax rebates for Malaysian taxpaying citizens who are having a chargeable income of less than RM35,000 which is RM400. There is also an additional RM400 rebate for married couples who have a chargeable income of less than RM35,000 per year and are eligible for the RM3,000 wife / husband / alimony relief.</div>
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To give a quick calculation example for tax rebates:</div>
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Taxable Income: Salary of<strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span class="Apple-converted-space"> </span>RM45,000</strong><span class="Apple-converted-space"> </span>a year<br />Chargeable Income:<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM45,000</strong><span class="Apple-converted-space"> </span>-<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM9,000</strong> -<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM4,950</strong><span class="Apple-converted-space"> </span>EPF relief =<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM31,050.</strong><br />Tax calculated using Income Tax Tables (without counting any rebates):<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM863</strong><br />Tax Payable:<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM863</strong><span class="Apple-converted-space"> </span>-<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM400</strong><span class="Apple-converted-space"> </span>rebate =<span class="Apple-converted-space"> </span><strong style="border: 0px currentColor; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">RM463</strong></div>
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In the above example, you were eligible for the RM400 tax rebate because your Chargeable Income was less than RM35,000 (it was RM31,050 in that example).<br /><a href="https://www.blogger.com/null" name="mintax" style="border: 0px currentColor; color: #dc2834; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;"></a><br />Another type of tax rebate, but which is only applicable for Muslim citizens, is the zakat / fitrah. Zakat is a compulsory payment for charity and considered to be compulsory as it is one of the five pillars in Islam. It can be calculated via the Muslim taxpayer's acquired wealth or income. Zakat Fitrah, on the other hand, can be considered to be a small, compulsory levy that is imposed upon Muslim taxpayers only. It used to be calculated in the olden days using a pack of rice grains (one pack is equivalent to approximately 2.7 kg) but in the modern days, it is calculated based on the equivalent price of this pack rice grains. You can read all about Zakat and the various types that exists in our guide<span class="Apple-converted-space"> </span><span style="border: 0px currentColor; color: red; font-family: inherit; font-size: 13.5px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://savemoney.my/zakat-in-islam-what-is-zakat-nisab-and-how-to-calculate-it-all/" style="border: 0px currentColor; color: #5b8aca; font-family: inherit; font-size: 14px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank"><span style="border: 0px currentColor; color: red; font-family: inherit; font-size: 14px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Zakat in Islam</span></a></span>.</div>
CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-19331773922309103192015-03-17T21:13:00.003+08:002015-03-17T21:13:47.820+08:00What will be taxed with GST?<h2 class="headline">
What will be taxed with GST?</h2>
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Saturday, 14 March 2015 </div>
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By: <a href="http://www.thestar.com.my/AUTHORS?Q=%22REBECCA+SHAMASUNDARI+OF+IMONEY%22">REBECCA SHAMASUNDARI OF IMONEY</a></div>
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KUALA LUMPUR: Goods and Services Tax (GST) will be implemented effective April 1, 2015 and the rate is fixed at 6%. Sales tax of 10% and service tax of 6% will be replaced with GST. </div>
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Under GST, most of the goods and services (except basic necessities) will be charged at every stage of the supply chain – even the ones that was previously not charged with Sales and Service Tax (SST). This means we will likely be paying more to purchase or use these goods and services, which were not taxed previously.</div>
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<strong>1. Credit card</strong></div>
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The RM50 government tax charged annually on credit cards and the RM25 fee for supplementary cards, will be abolished from April 1, 2015 when the Goods and Services Tax (GST) is implemented. Instead, the 6% GST will apply on the credit card’s annual fees – which can range from RM70 to RM1,000 or more annually, depending on the type of card.</div>
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However, there will be no GST charges if the annual fee is waived, for example for free-for-life credit cards or those with annual fees waived, with stipulated minimum spending or transactions on a monthly or yearly basis.</div>
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To reflect the changes, the GST charged will be reflected as a separate item in the credit card statement. However, purchases will be reflected as a total amount inclusive of GST. There is some good news though, loyalty points or cash rebates will be given based on the 6% GST paid when using the credit card for retail purchases.</div>
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<strong>2. Books and e-books</strong></div>
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The standard 6% GST will be imposed on all types of books except for dictionaries, encyclopedias, newspapers, texts, references, works and religious books. These books will be zero-rated and not be subjected to GST.</div>
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Local e-book suppliers like e-sentral and MPHonline will also be charging GST whereas foreign firms such as Google Play and Apple iBookstore would not be.</div>
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<strong>3. Housing</strong></div>
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GST will also see basic construction materials such as cement, bricks and sand being taxed the standard 6% GST rate for both residential and commercial properties. Currently, these raw materials are not taxed under the existing SST. Heavy machineries such as cranes will be taxed too. Property developers normally do not buy such heavy machineries but rent them from other contractors – and it typically is factored into the construction cost.</div>
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Steel, bricks, and sand make up 44% of the construction cost and with these being charged GST, the cost of building a property is inevitably going to increase. Property companies expect GST to result in a maximum of 2.6% increase in house prices.</div>
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When the GST is implemented in April, residential property including SoHo (small office/home office) will be exempted. However, commercial properties including SoFo (small office/flexible office) and SoVo (small office/virtual office) would be subject to the 6% GST.</div>
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<strong>4. Fuel</strong></div>
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RON95, Diesel and LPG (liquefied petroleum gas) will be exempted from GST implementation. However, RON97 will be subjected to the new 6% GST.</div>
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<strong>5. Electricity</strong></div>
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A household will have 6% GST charged to the electricity bill for usage above 300 units.</div>
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<strong>6. Used cars</strong></div>
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Currently, used cars are not subjected to SST and is not a GST zero rated item either. Therefore the car industry predicts that used cars will be subjected to an extra 6% tax after the implementation of GST in April.</div>
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<strong>7. Banking services</strong></div>
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The RM1 MEPS fee charged when we withdraw from another bank’s ATM will increase to RM1.06. No GST will be charged if you make a withdrawal from your own bank’s ATM.</div>
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Similarly, other services offered by the bank, such as money transfers (e.g. cashier’s order and demand draft), telegraphic transfers, money exchange, loan, cheque, credit card, and debit card will see 6% GST charged to its service, commission or subscription fee.</div>
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<strong>8. Tuition fees</strong></div>
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Beginning April, 6% GST will be imposed on tuition fees, as tuition centres are not categorised under educational institutions.</div>
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<strong>9. Beauty services</strong></div>
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The price of beauty services like manicure, and hair and facial treatments will be subjected to 6% GST too. Massage services are also chargeable with the GST if the annual turnover for such businesses is RM500,000 and above. Aside from beauty services, cosmetics and other products for skin, hair and body care will also be charged GST.</div>
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However, operators registered to implement the GST will be able to lower their costs by claiming the input tax credit for premises rental fees, electricity costs and equipment purchased to carry out the services. Input tax refers to the GST paid by businesses on the purchase of goods and services used to perform their businesses.</div>
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Beauty products sold at airports as duty-free items will not be subjected to GST.</div>
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<strong>10. Insurance fees</strong></div>
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All insurance policies except for life insurance will be charged 6% GST from April. GST would also impact all traditional and investment-linked policies which had medical, critical illness or personal accident benefits attached.</div>
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For traditional policies, the GST is imposed on the premium, while for investment-linked policies, it is charged on the insurance charges. For investment-linked policies, insurance charges will escalate with age because of higher insurance charges.</div>
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While it is still not clear how much prices will increase, or in some instances, decrease, it is prudent to know your exempted and zero-rated items to avoid opportunists merchants who may be profiteering on GST.</div>
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With less than a month away before GST is actually implemented, it is wise to understand how GST will affect both our daily or seasonal spending. This will help us to plan our spending ahead, to minimise the negative effect of GST.</div>
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For more, click on www.iMoney.my </div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-86175677603307402142015-03-05T16:06:00.001+08:002015-03-05T16:06:21.779+08:00DOCTORS CALL ON MINISTRY OF HEALTH TO ENSURE OPEN ENGAGEMENTS ON THE PHARMACY BILL 2015<h1 class="entry-title post-title" style="-webkit-text-stroke-width: 0px; background-color: white; border: 0px currentColor; color: #555555; font-size-adjust: none; font-stretch: inherit; font: 700 2.62em/1em Arial, Helvetica, sans-serif; letter-spacing: normal; margin: 0.5em 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; word-spacing: 0px; word-wrap: break-word;">
Joint Press Statement by Doctors Associations on the Pharmacy Bill/RUUF</h1>
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<strong style="border: 0px currentColor; font-family: inherit; font-size: 14px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">DOCTORS CALL ON MINISTRY OF HEALTH TO ENSURE OPEN ENGAGEMENTS ON THE PHARMACY BILL 2015</strong></div>
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We refer to the Minister of Health’s statement “Dispensing Separation Still Under Review’, (<a href="http://www.bernama.com/bernama/v8/ge/newsgeneral.php?id=1114003" style="border: 0px currentColor; color: #0066cc; font-family: inherit; font-size: 14px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">Bernama 4.3.2015</a>), following a meeting called by the Pharmaceutical Services Division (PSD), Ministry of Health Malaysia to discuss issues with regards the Pharmacy Bill. The following attending the meeting on behalf of the medical profession:</div>
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Malaysian Medical Council (MMC)<br />Medical Practitioners Coalition of Malaysia (MPCN)<br />Islamic Medical Association of Malaysia (IMAM)<br />Pertubuhan Doktor-Doktor Islam Malaysia(PERDIM)<br />Malaysian Medical Association(MMA)<br />Federation of Private Medical Practitioners Associations Malaysia(FPMPAM)<br />Association of Private Hospitals Malaysia(APHM)</div>
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At the very outset of the meeting, the doctors’ request for details of the Bill to be made available for the discussion was denied</div>
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In the light of this it would have been impossible to discuss rationally the provisions in the draft Bill that are of concern to the doctors and its impact on patient care. Thus we, the above, representing the medical practitioners of Malaysia had no choice except request that the meeting be terminated in the light of the impasse. The chairman of the meeting concurred and ended the meeting prematurely.</div>
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We hereby express our grave concern how such an important Bill, that will affect the duty of care of patients and professional medical practice be allowed to promulgated without due and transparent consultations with all stakeholders including patient care groups, doctors, relevant healthcare professionals and the public.</div>
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We are extremely concerned that there will be provisions in this Bill that will:</div>
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1: Interfere with continuity of patient care by doctors</div>
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<span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">2: Interfere the patients’ choice of medications</span><br style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;" /><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">3: Affect the safety of patients</span><br style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;" /><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">4: Interfere with patients’ preference on where to obtain medicines</span><br style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;" /><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">5: Unnecessarily increase cost of medical care</span><br style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;" /><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">6: Inconvenience patient by impeding access of patients to one-stop care</span><br style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;" /><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">7: Compel patients to fill prescriptions from limited pharmacies</span><br style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;" /><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #555555; display: inline !important; float: none; font-size-adjust: none; font-stretch: normal; font: 14px/21px Arial, Helvetica, sans-serif; letter-spacing: normal; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">8. Increase patients’ vulnerability to exploitation by monopolistic and oligopolistic mega-pharmacy groups</span><br />
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We hereby urge the Minister of Health to ensure that all engagements be held in a transparent manner with all stakeholders.</div>
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Issued by:</div>
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Federation of Private Medical Practitioners Associations Malaysia<br />Medical Practitioners Coalition of Malaysia<br />Islamic Medical Association of Malaysia<br />Pertubuhan Doktor-Doktor Islam Malaysia(PERDIM)<br />Academy of Family Practitioners Malaysia</div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-79497729630861133032015-03-01T21:58:00.000+08:002015-03-01T21:58:05.632+08:00Bank Islam-MBSB merger in the air<div class="story">
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Bank Islam-MBSB merger in the air</div>
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Saturday, 28 February 2015 </div>
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By: <a href="http://www.thestar.com.my/AUTHORS?Q=%22GURMEET+KAUR%22">GURMEET KAUR</a></div>
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<a href="http://www.thestar.com.my/Business/Business-News/2015/02/28/Bank-IslamMBSB-merger-in-the-airIdea-is-being-floated-by-shareholders-of-both-companies-LTH-and-EPF/?style=biz">http://www.thestar.com.my/Business/Business-News/2015/02/28/Bank-IslamMBSB-merger-in-the-airIdea-is-being-floated-by-shareholders-of-both-companies-LTH-and-EPF/?style=biz</a></div>
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AS the dust settles on the aborted three-way banking merger of last month, a plan is being floated on a “marriage” between Malaysia Building Society Bhd (MBSB) and Bank Islam Malaysia Bhd.</div>
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Sources say the idea of a merger between the two is being mooted at the shareholder level of both companies, namely the Employees Provident Fund (EPF) and Lembaga Tabung Haji (LTH). </div>
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According to sources, the interest for both parties to go into a corporate exercise is not altogether new and was first floated early last year. But by the time any formal move could be taken, CIMB Group Holdings Bhd had already entered the fray to initiate the proposed merger between MBSB and RHB Capital Bhd (RHB Cap). Now, with that out of the way, the plan is apparently being revisited but still at preliminary stages, sources say.</div>
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A common factor the two companies have is Tan Sri Samsudin Osman, who is chairman of EPF and BIMB Holdings Bhd – Bank Islam’s listed parent company. BIMB wholly owns Bank Islam, which is its main income generator. “Because of their common chairman, the two parties have a close relationship,” say sources.</div>
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The EPF is also a shareholder in BIMB with an 8.18% stake as at March 31, 2014, according to the company’s 2013 annual report. The pension fund has in recent years upped its stake in the stock from 4.73% in 2009. BIMB’s single largest shareholder is LTH with 54.69% while another fund, Permodalan Nasional Bhd (PNB), has a 5.11% stake.</div>
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The EPF, meanwhile, is MBSB’s single largest shareholder with 64.5%. The fund ended up with the large stake in the non-bank lender due to legacy issues from the 1998 financial crisis. It has been reported that the fund under its current leadership has made it a priority to reduce its interest in listed companies to ensure it remains as an investor and not the driver of the entities. </div>
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Bankers say that if a merger is to take place, the EPF would be able to vote, unlike the situation in the failed merger with CIMB and RHB. For funds to be considered a substantial shareholder, their stake has to be at least 10% in a company. </div>
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The fund was not allowed to vote in that deal as it is a common major shareholder of all the parties involved and there exists a potential conflict of interest. </div>
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According to some bankers, a merger between Bank Islam and MBSB makes a good fit. About 80% of MBSB’s assets are already Islamic and it aspires to become a full-fledged Islamic lender. In recent years, the company has been working to “close the gaps” towards a commercial banking platform, a practice it need not comply with but is undertaking for better perception and branding.</div>
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Bank Islam, meanwhile, is Malaysia’s first standalone Islamic bank set up in 1983. In the past few years, it has sought several mergers and acquisitions (M&As), but nothing materialised. “Bank Islam is the country’s standard-bearer in Islamic banking. After three decades in the business, it is only expected that it moves into the big league and grow market share,” notes a banker who reckons that Bank Islam would not be able to achieve its ambition to be a mega-Islamic bank unless it merges with another Islamic bank.</div>
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Business-wise, Bank Islam is much larger with a strong retail presence of 140 branches and a workforce of about 4,000. MBSB, which built its asset base largely from loans to personal financing, has 43 branches and 1,300 employees. However, it is diversifying and aims to double its corporate loan book to 30% by 2020 under a new five-year business plan.</div>
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MBSB’s cost-to-income ratio (CIR) is among the lowest in the industry at 22.36% in 2014, while Bank Islam’s is at about 50%, which is not unusual for a bank with retail presence, say analysts. </div>
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Bank Islam’s total assets as at Sept 30, 2014 were RM42.89bil, while MBSB’s is RM37.67bil currently. </div>
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Maybank Islamic Bhd, the Islamic banking arm of Malayan Banking Bhd, is the biggest Islamic banking outfit with total assets of RM132.30bil. </div>
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Bank Islam declined to comment on <em>StarBizWeek’s</em> queries.</div>
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Earlier this week, MBSB’s president and chief executive officer Datuk Ahmad Zaini Othman said that a corporate exercise is inevitable for the company in an increasingly competitive landscape. In an interview with <em>StarBizWeek</em>. he said that for the company to get out of this “no man’s land” and to be on firmer growth towards a financial institution platform, it needs to seriously look into a corporate exercise in the very near future. </div>
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On the synergies it is seeking from an M&A, Zaini said that it would have to be a marriage between retail and corporate, given that he felt MBSB can contribute more on the latter. Without being able to tap into low-cost deposits, MBSB is also going to find it difficult to grow. </div>
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Bank Islam’s managing director Datuk Seri Zukri Samat, in an interview with <em>StarBizWeek </em>last year, said that besides Indonesia, the bank is also aiming to grow its local footprint, in line with the central bank’s goal to have a mega-Islamic bank in Malaysia. As to its M&A options, he had said that the bank was open to candidates that can complement its strengths in consumer banking. </div>
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In 2011, Bank Islam failed to strike a merger deal with DRB-Hicom Bhd-owned Bank Muamalat Malaysia Bhd. Last year, there were talks that Maybank Islamic could be teaming up with Bank Islam. </div>
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“Bank Islam is a prized asset in the pilgrim fund’s stable of companies. However, a stake of 30% to 40% in a much larger entity is an attractive proposition,” says a banker. It is also likely that LTH would want to retain the Bank Islam name post-merger, given that it has a stronger branding and is after all Malaysia’s pioneering Islamic bank.</div>
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On valuations MBSB could fetch, some bankers think that it may not be able to fetch the 1.91 price-to-book value (P/BV) as in the previous bank merger deal, as economic conditions have weakened. MBSB could have been accorded a high valuation in that deal because of its high return on equity, say analysts. </div>
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Had that proposed merger materialised, it would have seen MBSB being acquired by CIMB-RHB’s Islamic banking operations to form a “mega” Islamic bank with total assets of RM122bil. At Friday’s price of RM2.20, MBSB is valued at RM5.96bil and trading at a P/BV of 1.30. Just last week, MBSB announced a net profit of RM1.02bil for the year ended Dec 31, 2014, bolstered by a one-off recognition of RM366.06mil in deferred tax assets.</div>
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As for BIMB, a restructuring may have to be done prior to any merger of Bank Islam, given that the former also owns a 60.5% stake in Syarikat Takaful Malaysia Bhd, which is also listed, and BIMB Securities Sdn Bhd, which make a minute contribution to the group’s bottom line. BIMB shares are valued at RM6.2bil at RM4.04. It had made a pre-tax profit of RM506.27mil for the nine months ended Sept 31, 2014. </div>
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On Thursday, BIMB announced that it asking for a time extension to submit its financial results for the fourth quarter ended Dec 31, 2014.</div>
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</section>CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-84238878652034459112015-02-17T09:59:00.001+08:002015-02-17T10:11:53.954+08:00Pharmacies to dispense medicines if proposal accepted Pharmacies to dispense medicines if proposal accepted <br />
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by <a href="http://www.thestar.com.my/Authors?q=%22Christina+Chin%22">christina chin</a>, from the star online</div>
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PETALING JAYA: Instead of getting their medicine from private clinics, patients will have to obtain it from pharmacies if the Health Ministry accepts the proposed “Doctors diagnose, pharmacists dispense” system. <br />
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While the system may cause some inconvenience to patients, pharmacists say it will help bring down the prices of medicine and give doctors access to many more drugs to prescribe.<br />
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It is learnt that doctors and pharmacists have held several discussions on the issue over the last year and they plan to meet the Health Minister soon. <br />
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They are represented by the Malaysian Medical Association (MMA), Medical Practitioners Coalition Association of Malaysia, Islamic Medical Association of Malaysia, Malaysian Pharmaceutical Society (MPS) and Malaysian Community Pharmacy Guild (MCPG). <br />
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According to MCPG president Wong Sie Sing, the five organisations had, at their last meeting on Nov 8, agreed in principle that dispensing be left to pharmacists.<br />
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Representatives of pharmacists later met Health Ministry director-general Datuk Dr Noor Hisham Abdullah on Nov 26. <br />
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He said the two professions met to work out a timeframe to introduce the new system, adding: “I hope we can implement it by April.” Debate on the issue has been going on from as far back as 2008. <br />
“If pharmacists are allowed to dispense, doctors would have access to 10 times more drugs to prescribe than what they have in stock. This will benefit the patients,” Wong said. <br />
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MCPG represents more than 2,000 community pharmacies employing some 2,500 pharmacists.<br />
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MPS president Datuk Nancy Ho said patients would receive further counselling from another group of well-trained healthcare professionals if pharmacists were to dispense medication.<br />
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“The check-and-balance reduces prescription and dispensing errors. Dispensing separation is about professional medication management and only pharmacists are trained in this specialised practice. We know everything about a drug’s healing value and possible harm,” she said.<br />
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MMA president Dr H. Krishna Kumar confirmed that the associations had met on the proposed new system but said nothing had been agreed on yet.<br />
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Dr Noor Hisham confirmed meeting representatives of pharmacists, and said they discussed about integrating and consolidating the Pharmacy Act.<br />
Stating that nothing had been decided on, he stressed that the ministry’s main priority was to ensure quality and safety.<br />
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Universiti Sains Malaysia (School of Pharmaceutical Sciences) Assoc Prof Mohamed Azmi Ahmad Hasalli said a 2013 study of 40 clinics and 100 pharmacies in Penang found that doctors dispensed more medicine and antibiotics and charged more than pharmacists.<br />
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Separation of dispensing rights will raise cost</h2>
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MALAYSIANS are learning to adapt to rising prices all round, including the added burden of the impending Goods and Services Tax (GST). <br />
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Thus it is surprising that there are vested parties wanting and demanding to separate dispensing rights from doctors. <br />
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The one-stop consultation and dispensing of medicines by general practitioners has kept the price of healthcare affordable.<br />
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This time-tested practice has existed in Malaysia for more than a century.<br />
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Doctors package the cost of a visit to a GP on an average of RM50, which includes medicine and consultation. <br />
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If separation is done, the average cost will balloon many times more.<br />
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The GP then will have to charge RM30 to RM50 for consultation alone as approved by the Health Ministry Fee Schedule. <br />
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Patients will have to look for a pharmacy after consultation with a GP, to get the medicines of his prescription from the pharmacies. This will make healthcare unaffordable for most Malaysians. <br />
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GP clinics are easily accessible. There are probably more GP clinics than post offices or police stations in Malaysia. GP clinics exist even in remote corners of the country, including Sabah and Sarawak. Many GP clinics operate a 24-hour service.<br />
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Pharmacies are few especially in the rural areas. None offers round- the-clock services even in urban areas. <br />
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Most Malaysians prefer and have used this one-stop service without any complaints. Why change a system that works and keeps all happy?<br />
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Malaysia is known to have the most affordable private primary healthcare system in the world. <br />
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Let us not lose this hard won international accolade due to pressure and lobbying by those having financial self-interest. <br />
<br />
Malaysians will have to pay a heavy price for this change if it ever becomes a reality. <br />
<br />
They hope the Government will not yield to this “bullying” by the concerned parties to separate dispensing from doctors.<br />
<br />
<strong>DATUK DR NKS THARMASEELAN</strong><br />
<strong>Malacca</strong></div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-18178531654189702522015-02-12T16:48:00.002+08:002015-02-12T16:48:37.421+08:00Matrix Concepts 4Q net profit up 39%, declares 6.5 sen dividends<h1 class="title" id="page-title" style="-webkit-text-stroke-width: 0px; background: rgb(255, 255, 255); border: 0px currentColor; color: #484848; font-size-adjust: none; font-stretch: normal; font: 24px/normal "Roboto Slab", serif; letter-spacing: -1px; margin: 0px 0px 10px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; word-spacing: 0px;">
Matrix Concepts 4Q net profit up 39%, declares 6.5 sen dividends</h1>
<ul class="action-links" style="-webkit-text-stroke-width: 0px; background-color: white; color: #484848; font-size-adjust: none; font-stretch: normal; font: 14px/20px Asap, sans-serif; letter-spacing: normal; list-style: none; margin: 0px; padding: 0px; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"><time class="full-format" datetime="2015-02-12T15:54:23" style="border: 0px currentColor; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">By Chester Tay / theedgemarkets.com | February 12, 2015 : 3:54 PM MYT<span class="Apple-converted-space"> </span></time> </ul>
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TOO BAD ALREADY UP 9 CENTS IN A DOWN MARKET OF TODAY, CAANOT CHASE ANYMORE</div>
<div style="-webkit-text-stroke-width: 0px; background: rgb(255, 255, 255); border: 0px currentColor; color: #484848; font-size-adjust: none; font-stretch: normal; font: 14px/20px Asap, sans-serif; letter-spacing: normal; margin-bottom: 15px !important; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline: 0px; padding: 0px; text-indent: 0px; text-transform: none; vertical-align: baseline; white-space: normal; word-spacing: 0px;">
KUALA LUMPUR (Feb 12):<span class="Apple-converted-space"> </span><span class="knx_highlight" style="border: 0px currentColor; font-size: 14px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" value="MATRIX2DA9CA76D97743B7B870E4903592D891"><a class="knx-trackable" data-object="MATRIX2DA9CA76D97743B7B870E4903592D891" href="https://www.blogger.com/null" style="color: #107fc9; cursor: pointer; font-size: inherit; font-weight: normal !important; text-decoration: none;">Matrix Concepts Holdings Bhd</a></span><span class="Apple-converted-space"> </span>(<span class="knx_highlight_listing" data-object="KLSE" style="border: 0px currentColor; font-size: 14px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" value="5236"><img height="13" src="http://edgemarkets-fl.s3.amazonaws.com/img/stock.png" style="border: 0px currentColor; font-size: 0px; height: auto; line-height: 0; margin: 0px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: sub;" width="13" /><a class="dash_hover knx-trackable" data-object="5236" href="http://www.theedgemarkets.com/my/AA/dashboard?0=5236&exchange=KLSE" style="-webkit-tap-highlight-color: rgb(70, 167, 226); color: #107fc9; cursor: pointer; font-size: inherit; font-weight: normal !important; text-decoration: none;"><span class="Apple-converted-space"> </span>Financial Dashboard</a></span>) (fundamental: 1.85; valuation: 1.2) saw its net profit risen 39% to RM56.53 million for the fourth financial quarter ended Dec 31, 2014 (4QFY14), from RM40.66 million a year ago, due to better product mix in the property development segment, complemented with higher sales recognition for its residential and industrial properties.</div>
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Revenue increased 4.6% to RM151 million, from RM144.34 million in 4QFY13. Earnings per share (EPS) rose to 12.4 sen in 4QFY14, from 13.5 sen a year ago.</div>
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The Seremban-based property developer also declared a fourth interim dividend of 5.25 sen per share and a special dividend of 1.25 sen per share for the financial year ended Dec 31, 2014 (FY14), payable on April 9, 2015.</div>
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This brings total dividends of 17.33 sen per share, with payouts totalling RM77.2 million for FY14.</div>
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For the 12 months period (FY14), Matrix Concepts posted a record net profit of RM182.61 million, from RM151.56 million in FY13; while revenue was 4.3% higher at RM598.29 million, from RM573.5 million.</div>
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EPS for FY14 was 48.9 sen, compared with 64.1 sen the previous year.</div>
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In a statement today, Matrix Concepts said of total group revenue in FY14, residential and commercial properties contributed about 76% or RM453 million, while sales of industrial properties and land made up the remaining 24% or RM144.7 million.</div>
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“Our strong FY14 report card is the result of the group’s strategies to enhance efficiency and move up the value chain, even though the overall climate was challenging,” its chairman Datuk Mohamad Haslah Mohamad Amin said in the statement.</div>
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“The strong buyer response to our launches justified our commitment to availing properties that are within reach to a growing population in Negeri Sembilan and Johor,” he added.</div>
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As of Dec 31, 2014, Matrix Concepts' unbilled sales amounted to RM429.3 million, which will last it until 2017.</div>
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“We believe that demand for affordable products would remain intact in FY2015, and intend to continue our momentum, going forward. Hence, we target to launch new projects amounting to a gross development value (GDV) of RM1 billion in Negeri Sembilan and Johor, which will stand us in good stead to deliver stronger growth in the years to come,” said Mohamad Haslah.</div>
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As of 3.34pm today, the counter rose 6 sen or 2.14% to RM2.87, valuing the group at RM1.28 billion.</div>
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<span style="border: 0px currentColor; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><em style="border: 0px currentColor; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></div>
CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-55737304022873393482015-02-09T21:30:00.002+08:002015-02-09T21:30:57.269+08:00EPF declares 6.75% dividend rate for 2014<div class="story">
EPF declares 6.75% dividend rate for 2014<br />
by <a href="http://www.thestar.com.my/Authors?q=%22Nurbaiti+Hamdan%22">nurbaiti hamdan</a><br />
<br />
<a href="http://www.thestar.com.my/News/Nation/2015/02/08/Highest-EPF-payout-since-1999-Chairman-Prudent-approach-gave-us-the-edge-to-weather-economic-conditi/">http://www.thestar.com.my/News/Nation/2015/02/08/Highest-EPF-payout-since-1999-Chairman-Prudent-approach-gave-us-the-edge-to-weather-economic-conditi/</a><br />
<br />
PETALING JAYA: Contributors to the Employees Provident Fund (EPF) have every reason to smile – EPF has declared a 6.75% dividend rate for 2014, the highest rate since 1999. With the latest dividend rate, total payout amounts to RM36.66bil, an increase of RM5.46bil compared to 2013’s RM31.2bil. In 1999, the dividend rate was 6.84%.<br />
<br />
The EPF also recorded a RM39.08bil gross investment income for the financial year ending Dec 31 2014, an 11.66% increase from RM35bil in 2013. <br />
<br />
Its chairman Tan Sri Samsuddin Osman said despite uncertainties in both the domestic and global markets, EPF had outperformed its achievement in 2013. <br />
<br />
“Our global investments have contributed 33% towards our total income for 2014 despite being only 23% of our total assets.<br />
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“No doubt, the end of 2014 has been challenging for EPF due to the slump in global oil prices. The weakening of the ringgit in the fourth quarter added further uncertainty. <br />
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“However, our prudent diversification approach has given us the edge and resilience to weather the economic conditions, particularly in the global markets,” he said in a statement here yesterday. <br />
<br />
In order to correspond with EPF’s objectives of preserving and adding value to members’ savings, Samsuddin said it aimed to provide at least a 2% returns of above inflation over a three-year rolling period. <br />
<br />
The dividend declared for 2014 is equivalent to a rolling three-year real returns of 4.11% over inflation.<br />
<br />
EPF, said Samsuddin, foresaw challenges ahead due to rising levels of economic uncertainty in both domestic and global markets on the back of low oil prices, potential reduction in global Gross Domestic Product (GDP) growth and further compression in fixed income yields.<br />
<br />
Recent quantitative easing in global markets and a more deflationary outlook, he added, would also lower expected nominal yields for long-term investors like EPF. <br />
<br />
However, Samsuddin said it expected inflation to “remain benign”, adding that EPF would continue to uphold its policy of judicious risk management and investment allocations. <br />
<br />
The EPF account statement for the crediting of the dividend is available online via i-Akaun at myEPF website (<em><a href="http://www.kwsp.gov.my/">www.kwsp.gov.my</a></em>). <br />
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Alternatively, members can obtain their statement via EPF kiosks or visit any branch starting today.</div>
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</noindex>CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-22658976977724332072015-01-24T14:13:00.002+08:002015-01-24T14:13:35.928+08:00MAKING THE REIT INVESTMENT<div class="field field-name-body field-type-text-with-summary field-label-hidden">
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Making the REIT Investment</h2>
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<span style="font-size: x-small;">By <span id="author-name"><a datatype="" href="http://www.nst.com.my/taxonomy/term/3222" property="rdfs:label skos:prefLabel" typeof="skos:Concept">SHAREN</a></span> - 19 December 2014 @ 12:00 AM </span></div>
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<a href="http://www.nst.com.my/node/63914">http://www.nst.com.my/node/63914</a></div>
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STRONG UPSIDE: Those with quality commercial, industrial and healthcare assets to do well</div>
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KUALA LUMPUR: It will not be all doom and gloom for Malaysian real estate investment trusts (REITs) next year, with potential upside from the injection of new assets and extensive refurbishment of existing portfolio assets in the past 12 months.</div>
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There are currently 16 REITs listed on Bursa Malaysia and the largest player is KLCC Stapled Group, which has property assets in excess of RM12 billion.</div>
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MIDF Research head Zulkifli Hamzah expected select REIT players to continue to do well, particularly those with quality properties in the commercial, industrial and healthcare space.</div>
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He is recommending REITs with strong assets, such as <span style="color: red;"><strong>Sunway REIT, Al-Aqar Healthcare REIT, IGB REIT, KLCC Property Stapled REIT and Pavilion REIT.</strong></span></div>
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Quill Capita REIT can also be considered as it has opened the Kampung Baru mall, which will contribute 100 per cent to its earnings next year.</div>
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Zulkifli said judging from the condition of the property market, there could be some easing in prices, given the softer market condition. </div>
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“Hence, we do not expect the REIT players to rush into buying as they would rather keep a wait-and-see stance. The gestation period for new acquisitions could be lengthy due to the purchasing process, further enhancement that might be needed, as well as ensuring the right tenant mix,” he said.</div>
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Zulkifli said depending on the capital requirement and the location of each REIT players’ existing assets, taking the enhancement route going forward might be less capital-intensive and have faster turnaround time. </div>
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On the other hand, RHB Research Institute Sdn Bhd expects Quill Capita Trust and Axis REIT to wrap up their respective asset acquisitions towards the end of this year or early next year. </div>
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It also expects Sunway REIT, CapitaMalls Malaysia Trust and Hektar REIT to start reaping the fruits of their labour as the extensive refurbishments of their malls are due to be completed by the end of next year.</div>
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On future acquisitions, RHB Research said it might be more challenging after the implementation of the six per cent Goods and Services Tax on April 1 next year.</div>
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It expected all purchases of commercial assets to be subject to the six per cent GST and, hence, could potentially cause the assets’ yields to become less attractive.</div>
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However, it expects no significant changes on the sector’s organic growth.</div>
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“We believe even if the electricity tariff were to increase again during the next review in mid-2015, the impact will be largely manageable as some REITs, such as Pavilion REIT and KLCC Stapled Group, have started raising their service charges and, hence, cushioning the impact of higher tariffs. </div>
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“At the same time, we also think that the GST is unlikely to dampen the REITs’ organic growth,” RHB Research said in its Malaysia Strategy 2015 report released this week.</div>
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It opined that retail REITs would outperform its peers, given their relatively stable average annual rental rate growth of five to seven per cent, compared with the two to three per cent growth in the industrial segment and flattish annual growth for the office segment.</div>
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Meanwhile, RHB Research thinks REITs could take a breather next year as the risk of further hike in the Overnight Policy Rate (OPR) has been reduced following the fall of crude palm oil and crude oil prices. </div>
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“As the decline in commodity prices is expected to adversely affect the economic outlook, the focus has, therefore, been switched to stimulating growth rather than containing inflation. As a result, we believe the OPR will likely remain stable next year. This should be favourable to the REITs, given the steady yield spread and also stable interest cost on borrowings,” it said. </div>
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Meanwhile, Sunway REIT Management Sdn Bhd chief executive officer Datuk Jeffrey Ng Tiong Lip said it was a challenge for REIT players to acquire yield-accretive assets.</div>
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He said there were good assets in the market but the owners were selling at an expensive price, making the yields unattractive</div>
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“We will continue to look for assets, but more importantly, making acquisition in the current market condition is not easy as people want to sell them at a very high price. This means the yields would be lower. For REIT like us, we can’t acquire properties with low yields as it will be dividend per unit dilutive,” Ng told Property Times.</div>
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Sunway REIT Management is the manager for Sunway Real Estate Investment Trust (Sunway REIT), which has 12 assets in its portfolio.</div>
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Sunway REIT’s market capitalisation is RM4.4 billion as at December 5 and its total portfolio assets are valued at RM5.56 billion as at September 30. </div>
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Sunway REIT Management is buying Sunway Hotel Georgetown in Penang and Wisma Sunway in Shah Alam for RM134 million from its parent, Sunway Bhd, to provide stable cash distributions to unitholders. </div>
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These assets will be injected into Sunway REIT and raise its value to almost RM5.7 billion when both acquisitions are completed over the next 18 months.</div>
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Its last asset acquisition was in 2012 when it bought Putra Place in Kuala Lumpur.</div>
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The four-star hotel in Penang, which has a gross floor area of 192,383 sq ft, completed its refurbishment exercise in April last year and is said to have a market value of RM74 million as at July this year.</div>
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The hotel will be leased back to the vendor, Sunway Biz Hotel Sdn Bhd, for a 10-year term with the option to renew for another 10 years. </div>
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Wisma Sunway, a newly refurbished office building, is located within a captive office market in Shah Alam and more than 90 per cent of its tenants are government agencies.</div>
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The acquisition of the hotel and Wisma Sunway will be funded through Sunway REIT Management’s existing debt facility, which will increase its gearing ratio from 32 per cent as at September 30 to 33.5 per cent.</div>
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On the outlook for next year, Ng said the performance for Malaysian REITs in general was expected to be flattish.</div>
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“There is no question that the market is looking quite volatile. We are now seeing fluctuations of the ringgit and that may have an impact on interest rates. There is also government subsidy rationalisation. The Goods and Services Tax (GST) is coming up, too. There are also a lot of external factors we are going to face next year. All these will definitely affect consumer sentiments or business confidence. So it is definitely going to be a very volatile year.”</div>
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He also said the market for commercial assets such as retail malls, offices and hotels was in a soft competitive situation by virtue of the number of new properties of the various asset classes that are coming into the market. </div>
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“There are more hotels, malls and offices... it is very apparent that the supply is there and, therefore, the situation will continue to be very competitive,” Ng said.</div>
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Sunway REIT was listed on the Main Market of Bursa Malaysia on July 8 2010 and, with a RM5.7 billion portfolio, is the country’s second-largest REIT in terms of assets size as at December 5, behind KLCC Stapled Group.</div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-32747520663916890462015-01-16T16:37:00.002+08:002015-01-16T16:37:24.263+08:00Beware of the fake doctors<div class="row wrapper" style="background: rgb(255, 255, 255); border: currentColor; margin: 0px auto; max-width: 960px; overflow: hidden; padding: 0px 21px; width: 960px;">
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Beware of the fake doctors</h2>
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<ul style="border: currentColor; color: #666666; font-family: "Open Sans", Arial, Tahoma, Helvetica, sans-serif; list-style: none; margin: 0px; padding: 0px;"><a href="http://www.thestar.com.my/Opinion/Letters/2015/01/16/Beware-of-the-fake-doctors/">http://www.thestar.com.my/Opinion/Letters/2015/01/16/Beware-of-the-fake-doctors/</a><div class="gigya-wrapper" id="gigya-share_top_FB_gig_containerParent" style="border: currentColor; display: inline-block; margin: 0px; padding: 3px 0px 0px; vertical-align: bottom;">
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LATELY, there is a trend among marketers of health and beauty products to include over the top claims of how their products can cure certain medical diseases.</div>
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Most of these claims can’t be substantiated by any scientific methods. These claims are merely from testimonials of their clients after using their products.</div>
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Any inquiries made regarding these claims will be answered with accusations of the enquirer being an agent of anti-religious sentiments and Western beliefs.</div>
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Furthermore, some of these marketers claims to have titles such as “Doctor” and “Professor” from questionable universities. Some even have the title of “Sir”! Some of the professor titles are even conferred by certain companies instead of universities.</div>
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While they deny that they are deceiving the public by portraying themselves as medical doctors, their pamphlets seem to depict the contrary.</div>
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To the public, does a person wearing a white coat with a stethoscope around their neck look like a medical doctor? This is what is happening today.</div>
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Some might say that these people are not doing any wrong as they are merely helping to create a healthy lifestyle among Malaysians. But I have encountered some of these non-medical doctors giving disturbing advice to the public. Among them are:</div>
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> Diabetics should stop taking their medicine as diabetes mellitus is a disease of the mind and can be cured by a special water. All medicines prescribed by medical doctors cause hypoglycaemia and it will only do more harm;</div>
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> Hypertensive patients need not take any anti-hypertensives even though their blood pressure is 200/100 mmHg; and</div>
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> A thalassemic patient with haemoglobin of 4g/dl (severely anaemic) does not need a blood transfusion.</div>
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These dangerous types of advice are making it hard for doctors to manage patients adequately. There have been countless patients who have not come for follow-up treatment after listening to their advice. They only turn up later at the emergency department with fatal consequences.</div>
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In my short service history, I have seen countless patients with haemorrhagic stroke, diabetic ketoacidosis and acute renal failure due to non-compliance of treatment.</div>
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On questioning, it was found that these patients had been seeking advice from these non-medical doctors.</div>
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Despite this, I have yet to see any one of these “doctors” claiming responsibility for their mistakes. I have not seen any case of litigation against these “doctors”.</div>
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I have no interest here. I am just a normal medical doctor. I can easily say “these patients are looking for trouble themselves and I shouldn’t care” and wash my hands.</div>
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But as a medical professional, my job is not only to treat but also to prevent the population from getting sick. Prevention includes managing chronic diseases adequately.</div>
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<strong style="border: currentColor; margin: 0px; padding: 0px;">MOFRUST</strong></div>
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<strong style="border: currentColor; margin: 0px; padding: 0px;">Ipoh</strong></div>
CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-62001186399316572972015-01-13T10:26:00.000+08:002015-01-13T10:26:30.796+08:00Mega bank merger off, announcement expected this week <h1 class="title">
Mega bank merger off, announcement expected this week </h1>
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By Adeline Paul Raj & Joyce Goh / The Edge Financial Daily | January 13, 2015 : 10:05 AM MYT <!--| <a href="/my/article/mega-bank-merger-announcement-expected-week#comments" class="comment_count">0</a>--></div>
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KUALA LUMPUR: The proposed mega merger of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) is off and an announcement is expected before the end of the week, sources said.</div>
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“The respective boards are supposed to meet on Wednesday, [tomorrow] when it will be formally expressed that the deal is off,” one source close to the negotiations told The Edge Financial Daily.<br />
The move comes six months after the proposed merger was first announced in July 2014.<br />
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The Edge weekly on Jan 10 reported there was a strong possibility the merger could be called off due to several factors, including that the economic landscape has become tougher. Another factor was that RHBCap was seeking a revision of the terms, after the substantial fall in CIMB’s share price.<br />
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Sources said instead of an all-share deal in its merger with CIMB, RHBCap now wants a cash portion to be included, making the deal potentially more expensive for CIMB.<br />
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Some fund managers said news that the deal is off will be positive for CIMB and RHBCap. This is because their share prices have underperformed due to uncertainties and concerns arising from the protracted negotiations.<br />
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“Both have been underperfoming — CIMB more so than RHBCap — because of the uncertainties surrounding the merger, coupled with the tougher operating landscape. Many investors are concerned that a merger of this size, at this time, could turn out negative for the parties if they go ahead with it,” said a fund manager.<br />
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CIMB’s stock shed 14 sen or 2.6% to close at RM5.18 yesterday, while RHBCap gained seven sen to RM7.73. MBSB’s stock plunged 22 sen to RM2.19.<br />
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CIMB’s stock has shed 25.8% since the structure of the mega merger was first announced on Oct 9, while RHBCap’s share price has declined by 11.1%. MBSB’s stock has gained 1.7% prior to the sharp fall yesterday.<br />
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The proposed merger has been structured such that RHBCap would acquire CIMB’s assets and liabilities via a share swap at an exchange ratio of one RHBCap share for 1.38 CIMB shares. This was based on a benchmark price of RM7.27 per CIMB share and RM10.03 per RHBCap share, translating into a price-to-book value (P/BV) ratio of 1.7 times and 1.44 times for CIMB and RHBCap, respectively.<br />
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Their Islamic operations, which would then come under CIMB Islamic Bank Bhd, would then acquire MBSB to form a mega Islamic bank at a price of RM7.77 billion or RM2.82 per share. This translates into a P/BV of 1.32 times and MBSB shareholders have a choice to either accept cash or new shares in the unlisted CIMB Islamic group.<br />
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This article first appeared in <em>The Edge Financial Daily, </em>on January 13, 2015.<br />
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both cimb and rhbcap rallying up to celebrate the cancellation while mbsb plunged further.CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0tag:blogger.com,1999:blog-5179398770256853747.post-72163998834659277662015-01-05T16:42:00.001+08:002015-01-05T16:42:03.418+08:00Doctor, the no.1 job in Malaysia<h1 style="-webkit-text-stroke-width: 0px; background-color: white; color: #404040; font-size-adjust: none; font-stretch: normal; font: 700 26px/28px "PT Sans", Arial; letter-spacing: normal; margin-bottom: 4px; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;">
Doctor, the no.1 job in Malaysia</h1>
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<a class="url fn" href="http://www.freemalaysiatoday.com/category/author/fmtreporters/" rel="author" style="color: #5b8aca; text-decoration: none;" title="Posts by FMT Reporters">FMT Reporters</a></div>
| January 5, 2015</div>
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A survey revealed that Malaysian students would rather practice medicine than fly a plane.</div>
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<a href="http://www.freemalaysiatoday.com/wp-content/uploads/2015/01/doctor-profession.jpg" style="color: #5b8aca; text-decoration: none;"><img alt="doctor profession" class="alignright size-full wp-image-488203" height="200" src="http://www.freemalaysiatoday.com/wp-content/uploads/2015/01/doctor-profession.jpg" style="float: right; margin: 5px 0px 5px 15px; position: relative; right: 0px;" width="326" /></a>PETALING JAYA: Doctor, teacher, pilot, police officer and businessman, are the top five career choices of Malaysian children, revealed a survey.</div>
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The survey conducted last year by Adecco Malaysia showed that the children, aged between seven to 14, thought that being a doctor was a “noble profession” with one eager nine-year-old hopeful at finding a cure for Ebola.</div>
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While some kids thought they could earn RM2 million a month as a doctor, others were happy to settle for a RM250 salary.</div>
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In contrast, Malaysian children chose actor or actress as their favourite job in the same survey carried out the previous year.</div>
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The recent findings indicated a shift in the childrens’ career choices, as this year’s list emphasised jobs that were more helpful and caring such as teachers, environmentalists, police officers and fire-fighters.</div>
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A total of 82 per cent children also appeared to value “spending time with their family” over “making lots of money” as they felt that money could only bring them temporary happiness whereas their family was “eternal happiness”.</div>
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The survey results also revealed that some children weren’t interested in “safe” jobs and wanted to explore more exciting careers like constructing a chocolate factory a la fictional character, Willy Wonka, or following their role model, British celebrity chef, Jamie Oliver.</div>
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Dancer, singer, actor and TV personalities remained popular choices because they provided opportunities to travel and become famous.</div>
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But the children felt that the best or coolest jobs fell in the more “serious” category of doctor, pilot and private investigator, as well as the unusual job of a ribbon producer, fireworks specialist or wildlife photographer.</div>
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While only one 12-year-old boy aspired to be the next Prime Minister of Malaysia, the rest had much to say about the first three things they would do if they were PM.</div>
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Among their answers were, “meet One Direction (a British boy band)”, “ban smoking”, “stop the use of uniforms in school”, “plant more trees”, and “protect the country from tornadoes”.</div>
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While the children responded that the top three countries to live in were Australia, US and the UK, the majority of them chose Malaysia as their country of choice.</div>
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CH Tanhttp://www.blogger.com/profile/05673330992779202638noreply@blogger.com0