Amazon Web Services (AWS) invest in Malaysia by 2037
September 1, 2023 / 0 comments / 672 views / Tags: Economy, Investment, IT, Malaysia, property, property agent, Real estate / Category: Article and lifestyle
Amazon Web Services
Amazon Web Services announced to invest at lease MYR 25.5 billion in Malaysia by 2037.
AWS is a subsidiary of Amazon.com, inc. by 2006.
It is a comprehensive and widely used cloud computing platform that offers a variety of cloud services including computing power, storage, databases, analytics and more.
Infrastructure and services
AWS provides a vast of cloud-based infrastructure and services to individuals and businesses or organisations.
The popular offerings include
- Amazon EC2 ( elastic compute cloud )for scalable victual servers
- Amazon S3 ( simple storage service ) for object storage
- Amazon RDS ( relational database service ) for manage relational databases
- Amazon Lambda for server less computing.
AWS has a global network of data centres and availability zones allowing customers to deploy their applications and services worldwide while ensure redundancy and high availability.
Played a significant role in transforming the IT industry by enable to scale their resources on-demand, reduce infrastructure costs and innovate more rapidly.
What it can bring to country when invests in Malaysia
When Amazon Wed Services invests in Malaysia it can bring several benefits and features to the country. follow are some of the potential advantages;
- Job recreation – often lead to the creation of jobs in various sectors including IT, data centre operations and support services.
- Economic growth – contribute to the country’s economic growth by attracting other businesses startups to use AWS services
- infrastructure development – Invest in local infrastructure networking and data centre facilities to establish and operate data centres and cloud services
- Skills development – typically provides training and certification programs to local IT professionals
- Support for startups – offers support and resources for startups and small businesses, this can encourage entrepreneurship and innovation in Malaysia.
- Reduced latency – having local data centres can reduce latency for businesses and users in Malaysia when accessing cloud services.
- Redundancy recovery – builds multiple data centres in a region which can provide redundancy recovery capabilities to reduce crucial for businesses.
- Attracting foreign investment – AWS’s presence can signal to other international tech companies that Malaysia is a favourable destination for investment to attract more foreign direct investment (FDI) and boost the country’s tech ecosystem.
- Global reach – easily expand their operations globally leveraging AWS’s extensive global network of data centres and services.
However it’s can also be challenges about data privacy and security, potential environmental impacts and competition with local providers.
Government to address these issues ensure that the investment is mutually beneficial for both parties and the Malaysia economy as a whole.
Tesla to invest in Malaysia boosting economic growth
July 21, 2023 / 0 comments / 563 views / Tags: Economy, Investment, IT, Malaysia / Category: Article and lifestyle
Tesla
An American electric vehicle announced its strategic establish expansion into Malaysia market on July,20 2023.
The company known for its innovative electric cars, battery technology and renewable energy products to accelerate the world’s transition to sustainable energy by offering electric vehicles that are high-performance and a small environment impact compare to traditional internal combustion engine vehicles.
Location
The company will set up its head office and service centre in Cyberjaya, Selangor Malaysia as the central hub for all corporate operations, sales, training, vehicle services and customer support .
Cyberjaya, in the industrial state of Selangor is a home to several international automakers and assembly plants operate by likes of Toyota, Honda, BME, Mercedes-Benz and more.
Model 3 and Model Y
Tesla will introduce its lineup of electric vehicles to Malaysian consumers starting with its Model 3 and Model Y.
Conducting online sales of its Model 3 and Modal Y in Malaysia and will be opening a headquarter, Tesla experience and service centre as part of the country battery electric vehicle global leaders initiative.
Charging Infrastructure
As electric vehicle require charging infrastructure Tesla collaborate with local partners to establish a network of charging stations across the country include Pavilion, Gamuda, Sunway, Quill, MRCB and Levn. These supercharger stations provide fast charging for Tesla vehicle.
Boosting local economy
- Establishing a manufacturing plant in Malaysia could potentially create job opportunity and boost the local economy
- Lead to job creation across various sectors including sales, manufacturing, research, maintenance and development.
- Reduce air pollution and greenhouse gas emissions in Malaysia helping the country move towards its sustainable goals
- Promote technological advancement in the automotive and renewable energy sectors encouraging local innovation and research
Q&A section
Mortgage Reducing Term Assurance (MRTA) – review
June 8, 2023 / 0 comments / 2329 views / Tags: Malaysia, MRTA, property / Category: Article and lifestyle
Mortgage Reducing Term Assurance
MRTA is a reducing term life assurance that provides home financing borrowers with financial protection in the event of premature death or total permanent disability.
MRTA and MLTA are financial terms related to insurance, a specifically mortgage insurance policies.
What is MRTA ?
It is a type of insurance designed to protect borrowers and their families from the financial burden of an outstanding mortgage loan in the even of the borrower’s death or permanent disability during the mortgage term.
- MRTA provides coverage for the outstanding balance of the mortgage loan as the borrower pays off the mortgage over time the sum assured also reduces in tandem with the outstanding loan amount
- In the unfortunate event of the loan borrower’s death or permanent disability, MRTA will settle the outstanding mortgage loan amount relieving the burden on the borrower’s family or dependants.
Benefits and features of MRTA
- Financial security – Provides peace of mind ensuring that the family’s can keep their home even if the borrower passes away or become permanents disability.
- Affordability – Usually more affordable compared to other life insurance policy’s making it accessible to boarder range of borrowers.
- No cash value – Its a pure protection plan without have a savings or investment component, it serves its purpose solely as mortgage protection.
Why do you need it?
This home loan life insurance is essentially a protection mechanism for all people with mortgage, and especially for household with sole breadwinner.
Generally, in the event of untimely death or disability of a housing loan borrower, the greatest problem facing surviving household members is their ability to pay off the outstanding loan.
In many instances, the survive family members may even need to sell off the property at less-than-competitive price just to pay off the outstanding amount.
Surviving family members will not be left with such burden because it covers part or all to the unpaid portion of a housing loan.
MRTA is a life insurance plan with decreasing sum assures over time and it used just to cover your home financing.
There is a personal plan where you and your dependents are financially protected when you are no longer around or have disability to generate income.
Mortgage Level Term Assurance (MLTA)
MLTA is another type of mortgage assurance provides level coverage throughout the policy term, meaning the sum assured remains constant.
- MLTA offers coverage for a fixed amount throughout the policy term and it is not directly tied to the outstanding loan balance. The payout from MLTA remains the same regardless of the remaining mortgage amount.
- Offers more flexibility as the payout can be used for purposes other than setting the mortgage loan. The beneficiaries can use the proceeds to cover others financial obligations or maintain their lifestyle.
On the other hand MLTA are slight variation from MRTA and offers an alternative for borrowers who looking extra protection plus savings by life insurance policies.
MLTA is best for an extra financial protection in the worst case scenario as it also has a cash value at the end of the policy. This is best for those who have many financial dependent like children and spouse.
Benefits and features of MLTA
- The level coverage provided by MLTA ensures that the beneficiaries receive the same payout regardless of the outstanding mortgage amount
- The payout from MLTA can be used for various purposes providing the beneficiaries with financial flexibility to address their needs
- MLTA does not have a savings component
Its importance to note that the specific terms and benefits of MRTA and MLTA can vary depending on the insurance provider, Before deciding on any insurance policy, its essential to carefully review the policy documents, terms and conditions to ensure it aligns with your specific needs and circumstances , Additionally it’s advisable to consult with a financial advisor or insurance expert for personalised guidance.
Which mortgage life insurance do I need?
In Malaysia, there are two types of life insurance available – Reducing Term Assurance (MRTA) or Decreasing Term Assurance (MDTA) and Level Term Assurance (MLTA).
Dividend by EPF Malaysia for year’s
March 7, 2023 / 0 comments / 1127 views / Tags: dividend, Employee Provident Fund, KWSP, Malaysia / Category: Article and lifestyle
Dividend by EPF Malaysia
Dividend announced by EPF Malaysia a dividend rate of conventional saving and 4.75% for Syariah account.
The table chat
| Year | Conventional | Syariah |
| 2023 | 5.5% | 5.4% |
| 2022 | 5.35% | 4.75% |
| 2021 | 6.1% | 5.65% |
| 2020 | 5.2% | 4.9% |
Semakan Dividen
EPF member are able to check the amount of dividends 2022 that have been credit into statement account from March 4, 2023 online .
Guarantee Dividend
The guarantees a minimum of 2.5% for Conventional account through approve investments to ensure that your saving are secured.
Annual payout is credit based on your savings as at 1st January yearly and calculate based on your daily aggregate balance.
Mandatory and voluntary
Under voluntary Individual employed, self-employ or business owners are eligible to contribute based on their own requirement.
Whereas your monthly contribution will earn dividend base on day’s in the month of said contribution until the end of that year.
Mandatory Rate
11% Employee compulsory contribute rate.
13% Employers Compulsory contribute rate ( salary RM5,000 & below)
12% Employers compulsory contribute rate ( salary RM5,000 & above)
Annual Tax Exemption
Tax-deductible up to a maximum amount of RM4,000 or more subject to amendments ( if any) by the government.
Withdraw of EPF Savings are free from paying income tax and returns on the EPF investment are also tax-exempted.
马来西亚公积金局的股息 马来西亚公积金局的股息宣布其 2022 年传统储蓄的股息率为 5.35%，伊斯兰教的股息率为 4.75%, 公积金局会员可以在线查看从2023年3月4日起存入报表账户的2022年股息金额. 公积金局通过批准的投资为常规账户提供至少 2.5% 的保证，以确保您的储蓄有保障, 年度支出是根据您每年 1 月 1 日的储蓄计算的，并根据您的每日总余额计算. 在自愿的情况下，受雇个人、个体经营者或企业主有资格根据自己的要求缴款, 而您的每月供款将在该供款月份的当天赚取股息，直至该年年底. 根据政府的修订（如果有），最高可扣税 RM4,000 或更多, 提取公积金储蓄无需缴纳所得税,公积金投资的回报也免税.
Selangor state government Welfare Malaysia
November 8, 2022 / 0 comments / 1883 views / Tags: Article, Lifestyle, Malaysia, Selangor citizen welfare / Category: Article and lifestyle
Selangor state government welfare
Did you know the benefits giving by The Selangor State Government Malaysia SSIPR to ALL it’s citizens. ( T&C apply) .
SSIPR Selangor
- New born baby Rm1,500
- Golden Age friendly scheme Rm100 monthly
- Preschool Rm50 monthly
- Free tuition classes
- Rm1,000 when you enter College / University
- Funeral expenses Rm2,500
- KISS RM200 monthly Basic Necessity for B40 mothers group
- Bus Smart Selangor
- Benefit Program up to RM350
- Free Mammogram checkup
- Up to Rm500 yearly Medical expenses
- 0% interest Business loan up to Rm30,000
- Free internet access – WIFI Smart
雪兰莪州政府给予所有公民的福利.（条款和条件适用） 新生婴儿 Rm1,500 黄金时代友善计划每月 Rm100 学前班每月 RM50 免费补习班 当你进入学院/大学时 RM1,000 丧葬费 Rm2,500 KISS 每月 RM200 , B40 妈妈组基本必需品 免费巴士 高达 RM350 的福利计划 免费乳房 X 光检查 每年高达RM500的医疗费用 0% 利息商业贷款高达 Rm30,000 免费上网 - WIFI 智能
KISS – kasih Ibu Smart Selangor
To appreciate the great sacrifice of mothers, the Selangor State Government introduced a special welfare program among low-income groups B40.
为了感谢母亲们的巨大牺牲，雪兰莪州政府推出了一项针对低收入群体 B40 的特殊福利计划.
Bus Smart Selangor
The Selangor State Government has provided free bus services to to 3 Selangor Authorities namely Shah Alam City Council (MBSA) , Subang Jaya Municipal Council (MPSJ) and Klang Municipal Council (MPK).
雪兰莪州政府已向 3 个雪兰莪州政府提供免费巴士服务，即莎阿南市议会 (MBSA)、梳邦再也市议会 (MPSJ) 和巴生市议会 (MPK).
Benefit Program
Provision of temporary assistance given to eligible Selangor citizens up to RM350 per month to obtain basic needs in case of unavoidable life problem.
每月向符合条件的雪兰莪州公民提供高达 350 令吉的临时援助，以满足在不可避免的生活问题时的基本需求.
Voucher assistance
You can obtain vouchers specifically for low-income people in the State of Selangor to buy essential items for Hari Raya Aidilfitri , Chinese New Year and Deepavali celebrations.
您可以获得专门针对雪兰莪州低收入人群的优惠券，以购买开斋节、农历新年和屠妖节庆祝活动的必需品.
Health Care Insurance Scheme
Under the Health Care Insurance Scheme program, policy holders are entitle to basic health treatment benefits every year and basic coverage covering death, accident and critical illness coverage.
根据医疗保险计划计划，保单持有人每年都有权获得基本医疗福利和包括死亡、意外和重大疾病保险在内的基本保险.
Mammogram Scheme
Under the Women’s Health Scheme providing free mammogram screening services to all women in the State of Selangor.
根据妇女健康计划，为雪兰莪州的所有妇女提供免费的乳房 X 光检查服务.
Healthy Help ( Bantuan Sihat )
This program to help low income Selangor citizens to get healthy treatment for minor surgery , Kidney dialysis , eye cataracts , prosthetic legs and other treatments that will be considered.
该计划旨在帮助雪兰莪低收入公民获得小手术、肾透析、眼白内障、假腿和其他可以考虑的治疗的健康治疗.
Rumah Selangorku Scheme
Eligible Selangor Citizens can apply to own house worth no more than RM250,000 through the Rumah Selangorku Scheme.
符合条件的雪兰莪公民可以通过 Rumah Selangorku 计划申请拥有价值不超过 RM250,000 的自己的房屋.
Technical & economic initiative
Smart Selangor Technical Skills and economic Initiative Program is a technical certification course where fees are fully covered by the Selangor State Government included fix allowance of RM300 per month.
Smart Selangor Technical Skills and Expertise Initiative Program 是一项技术认证计划，学费由雪兰莪州政府全额支付，另外还有每月 300 令吉的额外津贴.
Fund Scheme
Through this scheme the Selangor State Government will buy houses and Rent them out to low-income buyers. The house will be sell with the selling price minus a portion of the Rental paid. Participants of this program can carry out the purpose of purchasing the house unit in question within a period not exceeding 25 years at the original price of the house starting from the date it was first rented.
通过这项计划，雪兰莪州政府将购买房屋并将其出租给低收入买家。然后房子将以售价减去已付租金的一部分出售。该计划的参与者可以在不超过 25 年的期限内以房屋最初出租之日起的原价购买有关房屋单元的目的.
Smart Rent Scheme
The Smart Rent Scheme provides opportunities for low and medium-low income groups who are unable to make purchases,. Rumah Selangorku offered a Rental Scheme at a reasonable and affordable rate so that they can finally owned their own home in the State of Selangor.
智能租金计划为无法购买的中低收入群体提供了机会。 Rumah Selangorku 以合理且负担得起的付款率提供租赁计划，以便他们最终可以在雪兰莪州购买自己的房屋.
Applicable Benefits category
Employee Provident Fund Malaysia – death Benefit and withdrawal
March 29, 2021 / 0 comments / 2619 views / Tags: death withdrawal, Employee Provident Fund, EPF, Malaysia / Category: Article and lifestyle
Employee Provident Fund
Death Benefit
Employee Provident Fund – Death Benefit is a gesture of compassion by the EPF to it’s member’s next-of-kin (under EPF’s discretion). A one-time payment of RM2,500 will be considered and awarded to any of the deceased member’s eligible dependents.
All member are being encourage to do a nomination to your beneficial earlier to enable your next-of-kin to withdraw your EPF saving without COMPLICATIONS.
Member’s dependent will also be considered for the death benefit to support they go through the difficult time.
Death Withdrawal Conditions
- Deceased member is Malaysian including Permanent Resident and Non- Malaysian
- Member’s dependent of Parents / window / children / widower
- Received application within 6 months from the date of pass away
- For member who’s pass away aged 60 years below
- Provided still have saving balance into EPF account
Document needed to apply
- Form KWSP 9KM
- Bank account details ( Saving / Current / Bank’s verification letter / Estate account of the deceased )
- Declaration of Marriage Letter ( Non-Muslim member who’s married before 1 Marth 1982)
- Power of attorney ( Official letter issued by the Courts / Legal Institutions / Amanah Raya Berhad )
- Original and copy of identification documents
- Original and copy of Applicant’s Birth Certificate ( when required)
- Member’s Death Certificate or nominee’s Death Certificate if nominee has passed away.
- Member’s Birth Certificate OR Marriage Certificate OR divorce certificate if divorced.
- Recipient’s declaration of responsibility for Muslim – Appendix A
- Recipient’s declaration of responsibility for Non- Muslim – Appendix B
Nominee
- Nominee 18 year old and above could apply for withdrawal
- If the nominee passes away, their next-of-kin are eligible to apply for Death Withdrawal for Muslim.
- If the nominee passes away before the death of member, the member’s next-of-kin is eligible to apply for death withdrawal but if the nominee passes away after the death of the member, the nominee’s next-of-kin are able to apply for Non-Muslim.
Without nominee
- For member who is Married – their widow / widower, children or their guardian, parents, siblings or administrator.
- For member who is UNMARRIED – their parents, siblings or administrator.
关于公积金会员身故赔偿 死亡抚恤金是公积金 EPF 对其成员的近亲（由公积金酌情决定）表示同情的一种姿态。将考虑一次性支付 RM2,500 并奖励给已故会员的任何合格家属. 我们鼓励所有会员尽早指定您的受益人，以使您的近亲能够在没有并发症的情况下提取您的 EPF 储蓄 ,会员的受抚养人也将被考虑获得身故抚恤金，以支持他们度过困难时期. 提款条件 1) 已故成员是马来西亚人，包括永久居民和非马来西亚人 2) 会员的父母/窗口/子女/窗口的家属 ,自会员去世之日起6个月内收到申请人申请 3) 60岁以下的过世会员 4) 仍然有储蓄在 EPF 帐户 申请所需文件 1) 表格 KWSP 9KM 和清单 2) 银行账户详细信息（储蓄/往来/银行的验证函/死者的遗产账户） 3) 结婚声明书（1982 年 3 月 1 日前结婚的非穆斯林成员） 4) 授权书（由法院/法律机构/Amanah Raya Berhad 发出的正式信函） 5) 身份证明文件正本及副本以供核对 6) 申请人出生证明的原件和复印件以供验证（如需要） 7) 会员的死亡证明或被提名人的死亡证明（如果被提名人已经去世）。 8) 会员的出生证明（如果未婚）或结婚证或离婚证（如果离婚）。 9) 收件人对穆斯林的责任声明 - 附录 A 10)收件人对非穆斯林的责任声明 - 附录 B 公积金提名人提款 1) 18岁及以上的被提名人可以申请提款 2) 如果被提名人去世，他们的近亲有资格为穆斯林申请死亡提款。 3) 如果被提名人在会员去世前去世，则会员的近亲有资格申请死亡提款，但如果被提名人在会员去世后去世，则被提名人的近亲有资格申请死亡提款非穆斯林。 公积金没有被提名人提款 1) 对于已婚会员 - 会员的遗孀/鳏夫、子女或其监护人、父母、兄弟姐妹或管理人。 2) 对于未婚成员 - 成员的父母、兄弟姐妹或管理员
