Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2014 budgets in the Parliaments on Friday 25th October 2013. The 2014 Budget is formulating based on the theme “Strengthening Economic Resilience, Accelerating Transformation And Fulfilling Promises”.
There are five main thrusts in 2014 budget.
First Thrust :- Invigorating Economic Activity
Second Thrust :- Strengthening Fiscal Management
Third Thrust :- Inculcating Excellence in Human Capital
Fourth Thrust :- Intensifying Urban and Rural Development
Fifth Thrust :- Ensuring Well-Being of the Rakyat
The following are 2014 Budget highlights for Personal Finance and Investment.
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If you plan to buy a house, you’ll most probably need a home loan. However, getting a good home loan is actually pretty challenging. You’ll need to determine the kind of loan you need, and you’ll have to find out the interest rates so you can make comparison. Traditionally, that means visiting or calling up all the banks.
In Malaysia, there are generally two types of home loan – flexi, and non-flexi (or “conventional”). Flexi loans give you the freedom to reduce your loan interest with additional income, whilst non-flexi loans are more rigid and have the same repayment instalment throughout the loan period. Depending on what you need, you can opt for either. Personally, I believe flexi loan to be more beneficial.
In 2013, Bank Negara introduced a new regulation, which limits home loan period in Malaysia to a maximum of 35 years. If you are planning to purchase a more expensive home by stretching your loan period to 45 years or beyond, you should take note that you can’t do that now.
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Real estate is a long term investment to generate high return. It’s a highly valuable sector which can’t tolerate risk. Therefore, investors frequently seek for countries that can provide them long term stability and low risk environment. To date, the Malaysian property market has always been an appealing destination to fulfill investors’ needs and is no stranger to them. Malaysia boasts an excellent destination for avid property investors due to its stable social and economic atmosphere which have greatly boosted the growth of the sector.
Based on statistics, the Malaysian property investment has proven to be constantly at its advantage. Over the past five years, apartments have been on the rise at a rate of 40-60% valuation while houses rose with 20%. These figures indicate a signs of no slowing down in the market. People always opt for new apartments or new houses as this market offers lucrative return. To look for the desirable home,making the right choice ranging from location, price and even the aesthetics of the home are extremely important.
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There is a new feature in 1-million-dollar-blog called IPO Calendar. This feature created specially for IPO lovers ( including me!) so that it is much easier to keep track & remember important IPO dates. The data for all IPOs in 2013 was filled in.
Check out IPO Calendar page & let me know if there is missing or inaccurate data by filling out the contact form.
On top of that, I also update Legal Fees and Stamp Duty Calculator to include Stamp Duty on loan. For bloggers or webmasters, if you would like to embed the calculator in your website kindly check the widgets page on how to do that. There are 7 types of calculators that you can choose.
Mines Waterfront Business Park – Promising resort stylishness corporate structure viewed serenely along the shores of a 150 acre lake with the most unique and exclusive lavish landscaped. It is an amazing commercial park established at growing KL’s southern corridor with convenience access via dedicated highways. Mines Waterfront Business Park is centrally located within 20 minutes to KL City Centre and 30 minutes from Kuala Lumpur International Airport (KLIA) Sepang, 15 minutes from the New Administrative Capital of Malaysia at Putrajaya and Cyberjaya.
It is well connected by seven (7) major highways:
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