Budget


Budget MalaysiaPrime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2015 budgets in the Parliaments on Friday, 10th October 2014. The theme for 2015 Budget “Accelerating Growth, Ensuring Fiscal Sustainability and Prospering the Rakyat.”

In 2015, economic growth is expected to remain strong between 5% and 6% while the fiscal deficit is projected to further decline to 3% of GDP.

The 2015 budget is formulated with focus on the people’s economy and outlines seven main strategies:

First Strategy: Strengthening Economic Growth;

Second Strategy: Enhancing Fiscal Governance;

Third Strategy: Developing Human Capital and Entrepreneurship;

Fourth Strategy: Advancing Bumiputera Agenda;

Fifth Strategy: Upholding Role of Women;

Sixth Strategy: Developing National Youth Transformation Programme; and

Seventh Strategy: Prioritising Well-Being of the Rakyat.

The following are 2014 Budget highlights for Personal Finance and Investment.

Read more →



GSTRecently, the Malay Mail Online published on their website about a just-released public opinion survey carried out this month by independent pollster Merdeka Center, 55 per cent of the 1,005 respondents said that they did not understand how the GST worked. Out of the total, 20 per cent of Malaysians said they know nothing about the GST, while 35 per cent said they do not know very much.

On January 2014, there will be a FREE online seminar to share the practical tips about GST implementation and application in both English & Mandarin. Registration page is at http://foundermethod.com/gst-training-malaysia

There are many GST workshops or sessions conducted by accounting firms that are highlighting this issue. However, this online seminar is specially cater for people who are time pressed or geographically isolated to attend physical seminars.

Read more →



Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2014 budgets in the Parliaments on Friday 25th October 2013. The 2014 Budget is formulating based on the theme “Strengthening Economic Resilience, Accelerating Transformation And Fulfilling Promises”.

There are five main thrusts in 2014 budget.

First Thrust :- Invigorating Economic Activity

Second Thrust :- Strengthening Fiscal Management

Third Thrust :- Inculcating Excellence in Human Capital

Fourth Thrust :- Intensifying Urban and Rural Development

Fifth Thrust :- Ensuring Well-Being of the Rakyat

The following are 2014 Budget highlights for Personal Finance and Investment.

Read more →


Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2013 budgets in the Parliaments on Friday 28th September 2012. The Budget’s theme is “Prospering the Nation, Enhancing the Well-being of the Rakyat: A Promise Fulfilled.

The Budget was designed to improve the rakyat’s quality of life, ensure sustainable economic growth, spend prudently and reduce the fiscal deficit

The Government’s budget deficit estimated to improve to 4.0% next year compared with 4.5% in 2012. On top of that, the economic growth was projected to be between 4.5% and 5.5% for 2013, with this year’s growth expected at 4.5% to 5.0%.

The following are Budget 2013 highlights for Personal Finance and Investment.

Read more →


SARA 1Malaysia

The registration of newly-launched Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia) will start on Monday 30th January 2012 and will extend for a year or upon full subscription.

SARA 1Malaysia is a hybrid of a unit trust investment and a loan product. The scheme expected to offer 32.16 per cent return on investment per annum. However, the net return is only 12 per cent per annum if the investors are taking loan.

The scheme was not a get-rich-quick scheme but a government-initiated savings and investment scheme to educate and help low-income earners to invest since they are not financially capable.

Read more →