International Living Magazine, which is based in Baltimore, USA recently published Living’s 2012 Retirement Index. The index ranked top 19 countries for the best retirement havens. This index is published annually.
The index is calculated based on a vast range of data points, from the average humidity to the cost of a taxi. The index is also emphasise on living cost such as the prices for real estate, rentals, and utilities like water, electricity, and cable TV. The cost of groceries, eating out, even specific medical procedures are considered too. Finally, International Living also took into account what kind of discounts retirees can get on travel, taxes and entertainment.
In 2012 index, Malaysia score really well at rank number 4 behind Ecuador, Panama & Mexico. The table below is the top 19 country according to Living’s 2012 Retirement Index.
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Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, unveiled 2012 budgets at the Dewan Rakyat on Friday 7th October 2011.
The RM232.8 Billion budgets are allocated to implement all government development plans, focusing on the well-being of the rakyat. RM181.6 Billion is for operating expenditure and the remaining RM51.2 Billion is for development expenditure.
The Government’s budget deficit estimated to improve to 4.7% next year compared with the current 5.4%. On top of that, the economic growth was projected to be between 5% and 6% for 2012, with this year’s growth expected at 5% to 5.5%.
The following are Budget 2011 highlights for Personal Finance and Investment.
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The Malaysian Armed Forces Fund, better known as Lembaga Tabung Angkatan Tentera (LTAT) members will receive a 14 percent dividend for financial year end 2010.
LTAT recorded an unaudited total income of RM747.5 million in 2010 and it is the highest in its 38-year history.
The 14 percent dividend comprise 7 per cent dividend, 1 per cent bonus and 6 per cent special bonus in the form of unit trusts.
The total payout to LTAT members is RM616.3 million, a 7.2 per cent increase over the previous year’s RM575.2 million.
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