Under the EPF Health Withdrawal scheme, members are allowed to withdraw from their Account II to pay for their own and family members’ medical costs for the treatment of critical illnesses.
The list new now covers for the treatment of 36 critical illnesses compared to only 13 previously.
In addition to the 36 critical illnesses, members are also allow to make withdrawals to treat family members below the age of 16 for another three critical illnesses. The illness are severe asthma, leukaemia and intellectual impairment due to accident or sickness.
Family members include spouse, children, step-children or legally adopted children, parents, parents-in-law, step-parents or legal foster parents and siblings.
The table belows are the new list of critical illness that eligible.
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Sunway Real Estate Investment Trusts (Sunway REITs) will emerge as Malaysia’s largest REIT when it is listed in Bursa Malaysia Main Board on 8th July 2010.
It’s initial public offering (IPO) will consists of 1.65 billion units at RM0.97 per unit. The investors are institutional and selected investors with 1.52 billion units and a retail investors with 134 million units.
This IPO will also make it as the largest IPO on the local bourse to date. The REIT, by Sunway City Bhd, has an approved fund size of 2.78 billion units.
The retail offer period are between 15th to 22nd June 2010. You can subscribe to the trust funds through your broker or ATM machines or through internet banking such as Maybank2u or CIMBClicks.
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Rule 72 is a simple methamatical formula but an effective way to calculate the estimate time for you to double your money.
The rule was discovered by Albert Einstein based on compounded interest principles. Referring to compound interest, Albert Einstein is quoted as saying: “It is the greatest mathematical discovery of all time.”
The formula for Rule 72 is
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Prime Minister Datuk Seri Najib Tun Razak tabled 10th Malaysia Plan(10MP) in the Dewan Rakyat today. The 10MP which is to be implemented in 5 years (2011-2015) is critical for the continuation of the national agenda to realise Vision 2020.
The Government has allocated RM230bil for development expenditure under the 10th Malaysia Plan. The allocation will comprise 55% for the economic sector, 30% for the social sector, 10% for security sector and 5% for general administration.
The following are the highlights on 10th Malaysia Plan.
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Ever wonder where do Employees Provident Fund (EPF) invest our money?
Now, it is possible to gather this information because EPF make a decision to publish its Top 30 Equity Investments in companies listed on the Bursa Malaysia on a quarterly basis.
The aim for this excercise is to promote greater transparency and to reassure members that investment decisions undertaken are in the best interest of growing their retirement savings and in accordance with best practices in investment and governance.
The table below shows the Top 30 Equity Investments in companies listed on the Bursa Malaysia as of 31st March 2010.
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