The capital of Penang, Georgetown is a widely known Unesco world heritage site. Not only does it popular with its rich British colonial history, but also its street food and interesting architecture. Home to a myriad of main races comprising Chinese, Malay and India, it has been recently voted as one of the world’s eight great places for foreigners to retire abroad through Kiplinger, a well-known US based publication.
According to New Bob Group director, Dr. Ville Lee “ With such recognition, it will create more opportunities for the Penang property market to boom in a greater scale. More foreigners are expected to flock into the island and purchase properties for a good retirement or permanent residence”.
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For the financial end of 30th September 2012, Amanah Saham 1 Malaysia (“AS1M”) declared 6.6 sen dividend to the unitholders. In the same period, 336,411 individuals subscribe to AS1M with the total investmets of RM8 billion. Average investment per individual is RM23,833. There were 1,442 rich Malaysians invest more than RM500,000 in AS1M.
In summary, AS1M invested 53.46 percent of the total funds size in Malaysia Stock Market down from 83.35 percent in 2011. The remaining was invested in money market and others.
The following table show 20 largest stock portfolio held AS1M, unitholder distribution and investment income for financial end of 30th September 2012.
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Net worth can be a useful tool to measure individual financial progress. It can be determined by subtracting total liabilities from total assets at a specific time. If assets is more than liabilities, individual will have a positive net worth. If otherwise, it will be negative wet worth.
The goal is to work towards a positive net worth. This indicates debt-free status or capability to pay all debt.
It doesn’t offer information about cash flow, or monthly income and expenses. However, it does provide insight regarding how well you’re accomplishing your long-term financial goals.
Calculate Net Worth
To calculate net worth, the first thing to do is to list up all assets and liabilities.
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The Employees Provident Fund (EPF) announced dividend rate of 6.15 percent for the financial year ended 31st December 2012 after obtaining approval from Minister of Finance. It was the highest since year 2000 and 15 basis points higher than 6.0 percent announced in 2011.
Kindly refer to “Historical Employees Provident Funds (EPF / KWSP) Dividend Rate” page for EPF dividend rate table & chart since 1952.
The total dividend payout stand at RM27.45 billion from RM31.02 billon investment income. The remaining are used for investment expenses, operating expenditures, statutory charges and net impairment allowance on financial assets. The payout representing an increase of 12.17 per cent compared to RM24.47 billion recorded in 2011.
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Recently, Lembaga Tabung Haji or Pilgrim Fund Board of Malaysia announced a Golden Jubilee bonus comprising 6.5 per cent annual dividend and 1.5 per cent special bonus for financial year ended 31st December 2012. This bring the total dividend and bonus to 8 percent, the highest since year 2000.
The dividend was 0.5 per cent higher than the 2011 rate, which was 6.0 per cent but there is no bonus announced in 2011.
Kindly refer to “Historical Tabung Haji Dividend Rate” page for previous year dividend.
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