Economic Analysis | Malaysia's Financial Blogger | Financial Freedom Ideas

Malaysia Car Plate Number Pricing

The Vehicle Registration Plate Number is the thing for every new car buyer mind after selecting the model and color. Are you fancy owning a personalized car number plate? Vehicle owners may able to buy a range of numbers such as 1 to 9999.

JPJ

These are the price for those who desire to choose their favourite number as their car plate number:

RM210 - These are the current running numbers made available. You can refer to the JPJ website for the current running number. Let say the current running number is 7303, then you can choose the available numbers starting with 7xxxx and 8xxxx.

car plate number

RM310 - You can preselect any advance number (if available). For example, if the current running number is 3303. You can select any numbers available beyond the 3 series up to 9999 (within the current alphabet, let say PJL) but you can’t jump the next alphabet, PJM.

July 1st, 2010 | 3 Comments

How to Calculate Future Value of Money Using Inflation Rates?

I believe that most of the people worry about the inflation. Inflation not only can increase the cost of goods but also able to drag down your living standard. In the other words, it causes our money less value and decreases our purchasing power. You can buy less thing with RM5 today compare to ten years ago. We can have two plates of mee with RM5 ten years ago but today we can buy less than two plates. So, this is inflation! As a financial planner, they should know how to calculate the future possible inflation rates and advise investments that able to beat inflation.

inflation

As an individual, it’s better to know how to calculate your inflation adjusted expense in the future. If your current expense is RM1,000 per month, in the future, let say after 20 years, an expected inflation rate of 5% or 7%, then how can you calculate the amount required to bear for each month expenses at that time?

Here is my simple & effective calculation method that you can use to calculate the total amount you required each month after 20 years and expected inflation rate is 7%.

The formula is = Current Amount x (1+inflation%) ^ Number of Years

So, let say you have a current monthly expense RM1,000 and after 20 years, it would be:

June 22nd, 2010 | 1 Comment

Is It Good to Raise Cost of Employing Foreign Workers?

Do you think is it good to raising the foreign worker levy in order to limit the amount of foreign workers in our country? Or do you think it’s better to implement a minimum wage for local workers in Malaysia. I think that we should not allow the higher cost of employing a maid affect our mindset but we should know what the current social problem is exactly.

foreign workers levy

Let’s us think about the past, we don’t need maids as much as today, this is because it’s possible to survive on the salary of just the man, the woman can look after the kids. Rental fees, monthly housing installment and food were cheap. Nowadays both parents have to work to pay the 30 years housing loan, so a maid is often a necessity.

April 20th, 2010 | 2 Comments

Ringgit Malaysia Hits High of 3.15 against US Dollar

The US dollar was one of the strongest currencies in the market with millions of people using them but however, they are now losing against Asian countries such as Malaysia, Singapore and etc.

usd against myr

Based on my personal analysis, the Malaysian Ringgit (MYR) against the US Dollar is at its strongest in the beginning of April if compared with the previous months with it reaching MYR 3.21.

April 12th, 2010 | 6 Comments

Pos Malaysia Increase Postal Rates

Pos Malaysia

I believe that this is the most shocking news as the postal rates will go up effective this 1st of July! Upon the new implementation, the cost for standard mail weighing up to 20 grams will be raised from 30 cents to 60 cents, and for up to 50 grams, it will be raised from 40 cents to 70 cents. The cost increases are incredible. Pos Malaysia almost doubles their revenue from stamps. Our government said that this stamp price increment as a means to enhance productivity and efficiency.

Malaysia Stamp Price

According to the latest news, Pos Malaysia had not adjusted the charges since year 1992; do you think it’s the management fault? Management does not know what is happening at operation level? I used to pay 30 cents for my postal mail, now I have to pay 60 cents which is 100% increment. Many said that this 100% increment is untenable. The services promised before and after Pos Malaysia was set up were never been fulfilled, it has become worse by the day especially their letters delivery system.

April 9th, 2010 | 3 Comments

Buying Car in Malaysia is the Most Financial Burden?

A friend of mine bought a car in 1997 for RM90,000 and eventually the value depreciated to RM15,000 in 2010. So RM75,000 divided by 13 years of usage is about RM5,770 per year. Divide it further by 365 days is roughly RM15 per day.

Buying car in Malaysia

I believe that many could be smart enough to see the flaw in the above calculation. The car resell value becomes lower as time goes. Not only that, I still haven’t included car loan in the above calculation. The actual total price that she paid is more than RM100,000.

April 6th, 2010 | 8 Comments

Transforming Malaysia into High Income Country?

Our Prime Ministry Najib announced that he will planning make Malaysia a high income country, like the developed countries in Asia, America and Europe. To reach that status, the per capita income of a Malaysian citizen must be at least US$15,000 and currently the per capita income is US$7000.

per capita income

Based on the history record, Malaysia per capita income was US$500 at independence in 1957. Thus, it took 52 years to achieve $7000. Do you think Malaysia can reach a per capita income of US$15,000 in the year 2020? Or our government needs to take some action to increase our citizen wages?

March 31st, 2010 | 5 Comments