Saturday, 29 December 2012

iForex

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Bagi memulakan proses dan menyediakan akaun anda untuk sesi latihan 1 Demi 1 , sila log masuk dan masukkan wang ke dalam akaun anda dengan amaun pelaburan pilihan anda. Anda hanya perlu pilih kaedah bayaran selamat di bahagian kiri skrin sebaik sahaja anda log masuk ke akaun anda.

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2013 Tax relief

Tax relief for children higher education increased from RM4k to RM6k beginning 2013
Tax relief for SSPN increased from RM3k to RM6k.
Singles aged 21 and above earning  not more than RM2k also eligible for RM250. Allocation RM3 billion.

RM1000 grant to promote business via onlineWomen SME


HealthMedical screeningSocso allocate RM200 millionAll socso members between age 40 and 55 (estimated 1.4 million ppl)
50% stamp duty exemption extended to end of 2014 and house price limit raised to RM400k
Youths aged 30 and below
SME bank fund RM50 million, loan up to RM100k








Social – Senior citizensService fees50% reduction in passport fees starting 2013Senior citizens
Social – ChildrenService fees50% reduction in passport fees starting 2013Children age 12 and below








SMEfinancingRM1 billion SME bank fundBumiputra SMEs
SMEfinancingTEKUN loan with fund RM350 million, including RM50 for indian communityBumiputra SMEs and Indian SMEs


SMEfinancingPNB program to obtain loan up to RM25k for licensees and RM500k for licensors for franchising and licensed based business modelsSMEs







SMEfinancingRM1 billion SME bank fundSME
SMEfinancingRM200 million fund SME bank and IDBHalal based SMEs




http://www.treasury.gov.my/data/anggaran/index.html

http://www.kpwkm.gov.my/nkra/definisi




Definitions
Abject Poverty: Household income below RM440
Poor: Household income below RM750
Low Income: Household income ranges from below RM1500, RM2000 or RM3000 depending on which agency defines it.
Middle Income: Household income between RM3001 and RM8000 (unverified)
References:

2013 Prospects:
  • Economy to grow between 4.5 and 5.5%
  • Nominal GDP to exceed RM1 trillion.
  • Construction sector to increase 11.2%
  • Services sector to increase 5.6%
  • Budget 2013 allocation 251.6 billion (201.9 billion (~80%) for operating expenses and 49.7 billion for development expenses).
  • Development expenses includes 30 billion for economy (infrastructure, industry, agriculture and rural development), 11.1 billion for social (education, training, health, welfare, housing and community development), 4.6 billion for security, 2 billion for general administration and 2 billion for unexpected expenses.
  • Deficit to reduce from 4.5% to 4%
  • Foreign investment to be rm148.4 billion, from 75.3 billion in 2012 and 59.8 billion in 2011.
The summary below DOES NOT cover oil and gas, and capital/finance market areas.

CategoryItemDetailsBeneficiaries
AgricultureOil palm, rubber, high value herbs and paddyRM1.5 billion projects via NKEA EPPAgriculture Industry
Social, EnvironmentRiver of life Sungai Klang upgradingRM500 million costKlang Valley residents
PublicWater pipes and sewage replacementRM 300 million costPublic in selected areas.
IndustryTo obtain technologies and acquisition of foreign companiesRM1 billion DIS fundLarge corporations
SMEfinancingRM1 billion SME bank fundSME
SMEfinancingRM200 million fund SME bank and IDBHalal based SMEs
SMEinsuranceRM5k coverage under group insurance scheme for registered owners for small business (including hawkers). Govt to fund RM16 millionSmall business owners
SMEfinancingPNB program to obtain loan up to RM25k for licensees and RM500k for licensors for franchising and licensed based business modelsSMEs
Tour OperatorsTax Exemption for 3 yearsFor those bringing in 750 foreign tourist or handle 1500 local tourists a year.Tour operators
Agriculture4 new Paddy granariesRM140 million allocatedFarmers and agroentrepreneurs
AgricultureFishermen incentive, welfare and insuranceRM200 monthly allowance for 55k registered fishermen, insurance scheme and catch incentive programs to continuefishermen
Agriculture
subsidiesRM2.4 billion for various subsidies and incentives to continueFarmers and agropreneurs
Agriculture
insurancePaddy takaful coverage scheme for 172k farmers having less than 10 ha fields. Each farmer can get RM13k. cost for govt is RM50 million
Social – Povery EradicationfinancingRM41 million to continue AzamTani project to help 6730 poor participants.Poor families
SMEfinancingRM1 billion SME bank fundBumiputra SMEs
SMEfinancingTEKUN loan with fund RM350 million, including RM50 for indian communityBumiputra SMEs and Indian SMEs
EducationtrainingRM500 million for enhancing teaching skillsTeachers
EducationconstructionRM1 billion to maintain schools. RM400 million for national schools, RM100 million each to Tamil, Chinese, mission, religious, boarding and MRSM schools.Schools
EducationPre-school financingRM10k grant to open ECCE centersPre-school SMEs
EducationtaxationDouble deduction for allowance/subsidies provided for maintenance of centers and employeesPre-school SMEs
EducationtaxationIncome tax exemption for 5 years for center operatorsPre-school SMEs
Educationpreschool6 centers for children with special needs (down syndrome, autism, blind, hearing and speaking disabilities, physical disabilities and learning disabilitiesSpecial needs children
EducationSkills trainingRM440 million loan for trainees via PTPK taking MLVK programsYouths, training centres
EducationSkills trainingRM50 million to train indian students with poor resultsIndian youths
HealthMedical screeningSocso allocate RM200 millionAll socso members between age 40 and 55 (estimated 1.4 million ppl)
Green techonologyfinancingExtend GTFS with 2 billion until 2015.GT producing and using companies
Civil Service – pensionerspensionIncrease minimum amount from RM720 to RM820 effective 1/1/2013.50,371 Govt pensioners
Social – Senior citizensService fees50% reduction in passport fees starting 2013Senior citizens
Social – ChildrenService fees50% reduction in passport fees starting 2013Children age 12 and below
MilitaryincomeSpecial allowance RM200 per month for all staff starting 2013, cost RM301 millionMilitary staff
MilitaryallowanceRM1000 special allowanceFor armed forces members who don’t receive pension
Civil ServicehousingFixed processing fee of RM100Govt staff
Civil Servicebonus1.5 months bonus. 0.5 paid before Raya, another 0.5 to be paid in December and balance 0.5 in January 2013.Govt staff
Civil ServiceallowanceTraining allowance for selected categories31,135 trainees to get higher allowance.
Public SafetypoliceRM20 million for 1000 motorcycles and motor patrolling unitPolice, public
Public SafetyLocal councils496 units cctv for 25 local authoritiesLocal authorities
Social – LegalfundingLegal aid fund RM20 millionLow income public
SocialsecurityRM10k grant for registered RAResidents association
SocialsecurityRM39 million to finance rukun tetangga activitiesRukun tetangga
Public SafetyUniformRM90 million to provide 300k volunteers with uniformRELA members
Public SafetySecurity equipment ,taxation100% deduction on security control equipments  in the same year, extended to housing developersHousing developers
Rural developmentroadsRM1.2 billion to develop 441km of roadsRural folks
Rural developmentBasic infrastructureRM1.6 billion for Water supply (24k houses) and electricity (19k houses)Rural folks
Rural developmentEconomic activities29 villages and 38k villagers for food processing plants, jetties, marketing centers, tourism complexes, homestays etcRural folks
Health1malaysia clinicRM20 million to set up another 70 1malaysia clinicspublic
HealthequipmentsRM100 million to upgrade 350 clinics and buy 150 dialysis machinesPublic, kidney disease patients
EconomiccorporateTrain 500 women for director positionsWomen
SMEbusinessRM1000 grant to promote business via onlineWomen SME
HealthMammogram examinationRM25k allocation for free examination100k women aged 40 and above.
Social – welfareFinancial assistanceRM1.2 billion in various programsSenior citizens, children, disabled workers, chronic illness patients
Social – welfareIncome financingRM400 million to continue 1azam programs58,330 poor participants
SMEtrainingNew Entrepreneur Foundation RM50 million fund for training and guidanceICT youth entrepreneurs
SMEfinancingSME bank fund RM50 million, loan up to RM100kYouths aged 30 and below
Social – youthsfinancingRM200 rebate to buy smartphones from selected telco. RM300 million allocated1.5 million youths aged 21 to 30 and income below RM3k.
TransportationdiscountDiscount 50% for ktm komuter users with income less than RM3kPublic (low income)
Social – HousingHouse development123k houses to be built. RM1.9 billion allocation.Public with income between RM5k (individual) to RM10k (joint) per month for My First Home Scheme.  Low income families for PPR houses etc.
Social – Housingfinancing50% stamp duty exemption extended to end of 2014 and house price limit raised to RM400kpublic
Social – HousingsalesRPGT to be 15% (less than 2 years) and 10% (2-5 years). One exemption per lifetime.public
Social – WelfareallowanceBR1M RM500 extended to 2012.  For household income below RM3k. Singles aged 21 and above earning  not more than RM2k also eligible for RM250. Allocation RM3 billion.4.3 million low income households and 2.7 million single unmarried individuals
Social – HealthSugar subsidy reducedSugar subsidy reduced 20 sen effective 29/9/2012.Public, consumer, F&B industries. 
Economy – TaxTax reductionReduction of 1% for tax up to RM50kThose with taxable income of up to RM50k, estimated more than 170k taxpayers won’t pay tax.
Transportation, EducationSchool busSchool bus operators get rM1000 rebate and 2% interest rate subsidy to buy new bus.School bus operators
Transportation, EducationinsuranceSchool children who travel in school bus with permitsSchool children
EducationWelfare assistanceText book, meals, food supplement etc. costing RM2.6 billionLow income family school children
EducationfinanceOne-off RM100 for every school children continued. RM540 million540k school children
Higher educationfinanceBook voucher increased to RM250 for IPT and pre-u students. RM325 million allocation1.3 million pre-u and IPT students
Higher educationtaxationTax relief for children higher education increased from RM4k to RM6k beginning 2013public
Higher educationtaxationTax relief for SSPN increased from RM3k to RM6k.public
Higher educationfinancingDiscount 20% on full PTPTN settlement and 10% discount per annum for those with consistent repayment record, effective 1/10/2012PTPTN loan recipients
ICTInternet Centre100 centers in next 3 years. RM150 million via SKMMpublic
 In summary, the budget is able to cover certain industries, and also quite a large number of population.
  • Plenty of goodies for youths and senior citizens.
  • There’s no increase in tobacco or alcohol tax, which is surprising since there’s reduction on sugar subsidy on basis of health.
  • The provision of rebate for smartphone is quite unusual, perhaps 1st in the world
  • There’s not much in terms of increasing public transport other than expansion of RapidKL. Maybe the LRT and MRT projects are deemed sufficient. Perhaps could have covered taxi and more buses issues.
  • No increase in health insurance coverage
  • The rebate for broadband fees is not extended beyond 2012.
  • Nothing offered on automobile segment, so looks like have to wait longer
  • Big focus on agriculture, but not sure if it would be enough as capital and operational expenses are quite high.
  • Police and military folks get plenty of good news.
  • Chinese community may be wondering what’s in for them other than the allocation for schools.
  • (Un)Surprising that RM1 billion offered for  bumiputra and another RM1 billion for all. A small amount of RM50 million for Indian community.
  • Middle income families would be getting some tax relief (especially if have children in college/uni), but nothing specific or direct in other areas.
  • the focus on SME is maintained, as a possible avenue for low and middle income folks to pursue.
  • its a pleasant surprise that income tax is reduced for up to RM50,000 taxable income. I personally thought there won’t be any reduction. However this may mean 2014 will see implementation of GST.
  • RPGT is increased to 15% if sell property in 2 years, but it may not deter when profit is as much as 30% for some properties.
  • Security concerns are being addressed, and hopefully the new intake for PDRM will see a more balanced racial population.
  • in terms of short term benefits, the budget is well presented. In terms of long term benefits, its a challenge and impact will be known after few years.

RM1000 grant by MCMC



Malaysian Communications and Multimedia Commission (MCMC) 
MCMC chairperson Mohamed Sharil Tarmizi

NONE


Mohamed Sharil also encouraged small business owners from the ages of 18 till 65 to apply for the Get Malaysian Business Online’s (GMBO) RM1000 grant provided by MCMC.
He said those who have registered at websites such as ‘.com.my’ and ‘.my’ and fulfill the rest of the criteria can obtain the sum.
“The money will be credited directly into the successful applicants’ local bank accounts,” he said, estimating 5000 eligible entrepreneurs to apply for the grant.
RM500 smartphone eligible for RM200 rebate

“The scheme is on a first- come- first served basis and will be for the first 1.5 million eligible youths who may claim their smartphones while stocks last,” he said, adding the applications to purchase the smartphones can be made by registering at the MCMC’s website from Jan 1, 2013.

MCMC has currently identified the following brands for the scheme:
NONE