Category Archives: Economy

How To Register GST

How To Register GST Malaysia Goods and Services Tax (GST) is a consumption tax in the form of value added tax.    GST incurred in each stage of transaction up to the retail stage distribution. WHO IS REQUIRED TO REGISTER? Any person who makes taxable supply of goods and services in Malaysia Registration is mandatory for businesses whose turnover… Read More »

ASB Dividend 2014

ASB Dividend 2014 ASB Dividend 2014 has been declared by Permodalan Nasional Berhad (PNB).  Amanah Saham Bumiputera (ASB) unitholders will receive 7.50 sen dividend per unit for the financial year ending Dec 31, 2014 compared with 7.70 sen declared last year. On top of the 7.50 sen dividend,  8.60 million unitholders would also receive a bonus of 1.00… Read More »

Amanah Saham Bumiputera 2 (ASB2)

Amanah Saham Bumiputera 2 (ASB2) Prime Minister Datuk Seri Najib Tun Razak on Wednesday launched a RM10 billion Amanah Saham Bumiputera 2 (ASB2) unit trust scheme.  The ASB2 which is 10 billion-unit scheme will be managed by Permodalan Nasional Bhd (PNB). A total of RM10 million to be disbursed as an incentive to investors in ASB2, the 10th… Read More »

Highlights : Malaysia Budget 2014

Highlights : Malaysia Budget 2014 Our Prime Minister has unveiled government’s budget for 2014 on Friday, seeking to address a large fiscal deficit, shrinking current account surplus and growing debt pile that are sources of concern for investors and ratings agencies. Following are highlights from Najib’s ongoing speech to parliament: CIVIL SERVICE Pensioners will receive a special financial… Read More »

Consumer Claims Tribunal – Low-cost carrier ordered to compensate

Consumer Claims Tribunal – Low-cost carrier ordered to compensate A low-cost carrier was ordered by the Consumer Claims Tribunal here to compensate a passenger RM296 during a hearing on Wednesday. President of the tribunal, Datuk Dr Lawrence S.H. Thien, ordered the company to compensate Salbiah Sulaiman the amount within 14 days from the order. Salbiah, who is a… Read More »

PR1MA homes for Artists

PR1MA homes for Artists A special financing scheme will be provided for artists and arts activists to buy houses under the 1Malaysia People Housing programme (PR1MA), said Prime Minister Datuk Seri Najib Tun Razak. He said he was aware that artists and arts activists do not have pay slips, and banks were reluctant to provide them with housing… Read More »

How to calculate ZAKAT

How to calculate ZAKAT We share one sample how to calculate your ZAKAT pendapatan. This calculation is given by one of the officer from Pusat Zakat Wilayah Persekutuan. More details of ZAKAT calculation can be found at Pengiraan Zakat Pendapatan Cara 1 (Contoh) Jumlah pendapatan kasar setahun (kerana lebih nisab) x 2.5% Contoh : RM 48,000 x 2.5%… Read More »

Genneva Malaysia Gold Investment Programme

Genneva Malaysia Gold Investment Programme Genneva Malaysia Gold Investment Programme is the latest GOLD investment company that was raided by the Bank Negara. It was reported that BNM seized 200kg of gold bullion estimated to be worth a whopping RM40 million from Genneva Malaysia’s premises in Jalan Kuchai Lama here on October 1. For those who are new… Read More »

Beware of GOLD Investment scheme

Beware of GOLD Investment scheme When someone approached you for GOLD investment, you have to be extra careful as many has been a victim of GOLD investment company. Some are using acknowledgement letters issued by Bank Negara to solicit investments from the public in financial schemes involving gold and other precious metals. Early this week, Thirty-seven (37) gold… Read More »

Budget 2013 highlights

Budget 2013 highlights Malaysia Budget 2013 Budget 2013 was successfully tabled today by the Prime Minister Datuk Seri Najib Abdul Razak at Parliament.  With   a total allocation of RM251.6 billion for next year, many Malaysian can now smile with some incentives and goodies. The 2013 Budget will focus on improving the quality of life of the rakyat, ensuring sustainable… Read More »