Journey of a Kampung Investor in search of financial freedom
There are many reasons why people fail to achieve financial freedom although many crave to be financially free. Let me share some of the reasons why people often fail in achieving financial freedom.
Consumers, fastened your seat belts as the government will most likely increase our fuel prices over the time as it has been officially announced that the proposed two tier fuel subsidy scheme based on vehicle engine capacity has been scrapped.
The two tier fuel subsidy scheme was originally set to be implemented on May 1, 2010.
The Employees Provident Fund (EPF) performed better for 2009 compared to 2008 by declaring a dividend rate of 5.65 dividend rate for financial year ended Dec 31, 2009, up from the 4.5 percent paid out for 2008.
As you all know, i have invested into SCOMIMR (7045) and SCOMI-LA (7158-LA). I have personally 15000 shares of SCOMIMR and 30000 shares of SCOMI-LA.
I have also written a post on SCOMIMR - Will it be bleeding love for me? It turned out to be yes, it’s bleeding love currently..
A new tax will be implemented soon which is the goods and services tax (GST). It is rumored that the GST will take place somewhere around mid 2011. A new change into Malaysia tax system.
To be honest, most Malaysians are still confused about the GST. Let me share some basic knowledge that we need to know when GST is implemented in Malaysia.
One of my friends called me asking me, what happen to Genting SP? He also asked me whether i have sold any of my Genting SP shares? I guess he is quite worried with the current price drop of Genting SP! From $1.30 high to around $0.90..
Reasons why Genting SP is falling
I have written a short post on the reasons why Genting SP is falling.
What will i do with my Genting SP shares?
Good news for iphone lovers and Digi supporters. Digi will be bringing iPhone to Malaysia! With this, Maxis one year monopoly in the providing iPhone to Malaysian is ending.
Digi strucked a deal with Apple Inc to distribute iPhone 3G and iPhone 3GS but which package they will be joining is still not yet disclose.
My best buddy is getting married next month on the 14th of March 2010. I have been to many wedding marriages of my friends and families.
To be honest when i went to my first wedding marriage i was somewhat confused on how much to give. After going to many, i learn from my experience on how much to ‘Pow’ during weddings.
The government service tax is applicable and imposed to all card members. Basically, if you have or holding 3 credit cards with any banks, you will be charged for each card held.
The government announced that in the 2010 budget speech an annual service tax will be charged upon all credit card users.
A service tax of RM 50 for each principal credit card and RM 25 for each supplementary card.
Conclusion
The most affected people will be the middle class people. The poor does not have credit cards, the rich does not care about the service tax.
Couldn’t be sure why the government is imposing this tax suddenly but my 2 cents tell me that, they are running low in funds!
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Gaming group Genting Singapore Ltd. (G13.SG) Thursday said its Resorts World Sentosa integrated resort will open its casino Feb. 14.
The Employees’ Provident Fund (EPF) dividend for 2009 is expected to be higher compared to the 4.5% paid out in the previous year.
Genting Singapore (Genting SP), the subsidiary of Genting Berhad, Asia’s largest publicly traded casino operator received their casino license from the Singapore government. This will allow Genting SP to tap the holiday crowd.
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