28 October 2019

[PRS] Zero Tax Penalty for Housing and Healthcare Withdrawals

Following the recent Budget 2020 announcement that PRS members are allowed to make pre-retirement withdrawals for purposes of healthcare and housing without any tax penalty. (instead of the normal 8% tax penalty, click here to know in details)

For Immediate Family.

25 October 2019

Why is the Thai Baht so strong? (Oct 2019)

Year-end is coming, and you are thinking to go shopping spree as usual in Bangkok?
Hold on first.
The currency of Thailand is in an upswing lately, reaching a 6 years high level.
That takes its gain to 7.8% this year, more than any of its emerging-market peers, except Russia’s ruble.

 Your shopping spree could be dampened by the sudden surge?

Let's look at why here...

24 October 2019

Budget 2020: Key Highlights

Budget 2020 tabled at the Dewan Rakyat by Finance Minister Lim Guan Eng, was the second budget from the new ruling government of Pakatan Harapan.

The Budget this time comes with its theme, "Driving growth and equitable outcomes towards shared prosperity".

The following is the Key Highlights of Budget 2020:

07 October 2019

What you have to know about the New Fuel Subsidy scheme ???

  • Starting Jan 1, 2020

  • RON95 petrol price in Peninsular Malaysia to be Gradually Floated
  • Only for vehicle owners currently on Bantuan Sara Hidup (BSH) welfare payments
  • Only for Qualified vehicle owners (as shown in picture)
  • Payments will be made Quarterly every 4 months to the BSH-linked bank accounts
  • What if a qualified person owned Both a car and a motorcycle? He/she can only receive RM30 per month (RM120 every 4 months)
  • The subsidies would Stop if RON95 prices fell to RM2 per liter and below.

    Image result for fuel pumping gif

  • RON95 petrol price for the territories of Sarawak, Sabah, and Labuan will still be capped at RM2.08 per liter, for now
  • Therefore, not qualified to receive the subsidy payments

This info was updated on 7th October 2019.

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