What are my plans for 2016?
1. Keep Career Goals On Track
My career resolution is to work smarter, not harder. Moving to the next level of my career within the next 3 years will be my ultimate goal. My current strategy is to break larger goals into manageable tasks. A large goal can seem quite difficult and impossible to achieve, but if you break it into smaller tasks that will eventually add up to achieving your career goal. Also, I need to be different from others and provide something different.
It is not a sprint but a marathon, which requires commitment and perseverance to make our life better.
Finally! It is official… I am an MBA graduate. My 3-year adventure has come to an end.
Throughout the course of my MBA at WOU, I met a lot of amazing people, and learnt both business and life experiences. All of this has led me to achieve my ultimate goal: to plan for a great future.
When I was in the middle of the MBA process, I already had a firm post-MBA plan in mind. During that time, I have worked very hard and spent a lot of time in achieving this milestone.
Why get an MBA?
A common question that people ask is, “why do you want to get an MBA?”
The expectation is quite high that an increase in the Real Property Gains Tax (RPGT) and an abolition of the developer interest bearing scheme (DIBS) will dampen the property market. But, there has been little attention on our government’s move to exempt residential properties from the Goods and Services Tax (GST), which is going to replace the current Sales and Service Tax (SST) effective from April 2015.
Do you think the prices will drop or remain unchanged? To me, it is very unlikely. Why? First, there is a need to understand GST and the supplies that come under it. As for exempt supplies, the category in which the residential properties have been placed are not subject to GST. So, businesses providing exempt supplies cannot charge GST on the final product to their consumers. However, those developers who are not eligible to claim input tax from the government on GST paid will then be saddled with additional costs due to the 6% of GST which is payable on almost all its inputs such as construction cost, services, building materials, etc cannot be claimed from the government. Being business entities, they will most probably pass on the non-claimable tax to the consumer end.
Malaysia may introduce the goods and services tax (GST) when Budget 2014 is tabled on Oct 25. This is prompted by worries of a ratings downgrade should Malaysia’s fiscal deficit remain unresolved.
According to Fitch Ratings, one of the Top three global ratings agencies, the public finances remained as the country’s main weakness, namely the high federal government debt that stood at 53.3% of GDP at end of 2012 compared to 51.6% at end 2011. At the same time, the country’s low fiscal revenue base stands at 24.7% of GDP compared with the median of other A rated countries at 32.8%.
A household with a monthly income below RM3,000 will be eligible for the RM500 cash assistance. This proposal is to help those low income earners or families for reducing the cost of living.
Who are eligible for the cash assistance?
The entitled household includes:
i. Married including married children and staying with parents
ii. Single parents with commitment
iii. Individual who is single and has commitment
iv. Old folks who are staying alone
Even if your married son/daughter stay with you and have their own income, you can still claim as long as your income is below RM3000.