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.

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Budget MalaysiaFrom Aug 11 to Aug 25, the government launched a Budget 2015 campaign where they invite Malaysians to offer ideas through #Bajet2015 microsite. Many people participated in the campaign regardless of age.

Many website and research said that the Malaysia Budget 2015 will continue to be friendly to businesses and investors as well as the people. Next year 1 April will be the implementation of GST (Goods & Services Tax) and it is expected that there will be a rise in cost of living to the people and also cost of doing business of Malaysian businesses. It is expected that with the implementation of GST, the house affordability among low income earner and first time home buyer will decline. The overall consumer spending will likely come under pressure and a decline in spending.

In general websites, the researcher believes that under Budget 2015, the government strives to lower the debt level of the country and at the same time strive a balance to also growing the people’s welfare and private sector.

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World Economic Forum (WEF) which is based in Geneva, Switzerland recently release “The Global Competitiveness Report 2014-2015″. The ranking is based on 12 pillars and 144 criterias to measure the competitiveness for each countries.

The 12 pillars are Institutions, Infrastructure, Macroeconomic environment, Health and primary education, Higher education and training, Goods market efficiency, Labor market efficiency, Financial market development, Technological readiness, Market size, Business sophistication & Innovation.

In the report, Malaysia ranked the 20th most competitive nation among 148 countries up 4 spot from 24th out of 144 countries in 2013-2014 overtaking advanced economies country such as Australia and France. Malaysia remained the second most competitive among Asean and has improved to sixth position among 28 Asia-Pacific countries. Malaysia’s biggest improvement was in the institutions pillar.

The table below is top 25 of the ranking.

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Amanah Saham Nasional Berhad (ASNB), announced a dividend of 6.60 sen per unit for Amanah Saham 1Malaysia (AS 1Malaysia) for the financial year ended 30th September 2014.

The  dividend is 0.10 sen per unit lower then 6.70 sen per unit announced in 2013. Kindly refer to “Historical AS1 Malaysia Dividend Rate” for previous year dividend.

The dividend will involve a total payment of RM664.22 million and will benefit 376,631 unit holders.

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 First-time investors ask this question a lot. Is it better to keep precious metal investments at home or in a secured vault abroad?

The simple answer is to do both. Investors should always keep a portion of their gold investments close by so they can liquidate it whenever they need to. After all, there’s no point in owning gold if you can’t liquidate it right away. The majority of your investments, on the other hand, should be bought and kept safe abroad so you can rely on it in case you need to relocate due to a political catastrophe in your country.

Keeping gold in a private vaults

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