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 following data are as of end 2010. Two (2) Malaysia’s pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP) listed in top 300 world’s largest pension funds.
EPF jump from 19th spot in 2010 to 9th spot in 2011 with total assets grew from $109 billion to $146 billion. EPF even overtaking Singapore’s fund, Central Provident Fund
KWAP, Malaysian second largest pension fund is at number 139 up to nine spots from 148 in 2010. Total assets grow from $19 billion to $22 billion.
The table below is the full top 300 World’s Largest Pension Funds for 2011.
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According to investment dictionary, “investment objective” is financial goal or goals of an investor. It will guides an investor to decide where to invest his or her money.
Normally, unit trusts or mutual fund describes its investment objective clearly in its prospectus. They also will identify the strategy the fund manager follows to meet that objective. Investors often look for funds whose stated objectives are compatible with their own goals.
Four most commonly used investment objectives are Capital Preservation, Income, Growth & Speculation.
The table below define each investment objective.
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Every 3 months since March 2010, EPF reveals its top 30 equity investments in Bursa Malaysia. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
When compared to the data for March 2011, it seems that EPF trim its holding in many big companies such as Sime Darby Maybank maybe for profit taking.
The table below are the Top 30 Equity Investments in companies listed on Bursa Malaysia as of 30th June 2011.
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Previously, we take a look at savings range for more than 6 million EPF members in 2010. Do you know what is the average savings of each active members based on age for 2010?
If you are interested to know this information, kindly take a look at the following table. It shows members average savings, total savings based on age. The figures exclude 2010 dividend.
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