Malaysia Financial Blogger | Financial Freedom Ideas

What’s Your Expected Salary Increment for Year 2012? [ January 25th, 2012 ] | 303 views | 2 Comments

Just wondering, what’s your annual increment like? Normally, the increment can range between 5-20% which depends very much on individual performance, size, nature, and culture of the company.

salary increment

However, for those skilled employees, the wages are still linked to experience, productivity and demand. Most of the organisations are still willing to offer attractive remuneration packages for candidates equipped with the desired skills. Thus, highly skilled and productive employees are more likely to earn more.

2 Comments | Posted in » Achievement 2012, Finance Tips

My Resolution 2012

As everybody known, a new year is just around the corner. Have you made a list of next year’s plan? How’re you going to achieve? For me, I have set my goals and objectives as follows:

Increase More Sales

The top priority that I plan to do for my business next year is to get myself more organized especially when dealing with business client’s requests. For example, offer responsive feedback to client when supporting the day-to-day task; provide more insights on web related product and services to the potential client and so on. If you can stay organized then it will let you focus on accomplishing your most important goals successfully.

business

Secondly, I will try to learn something new next year. Learning throughout the life cycle is a must if you want to stay ahead of your competitors. Therefore, I will aim to increase sales volume next year by improving sales strategies and techniques when approaching customers.

Cash RM500 For Households Earning Below RM3,000

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

BR1M

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.

December 12th, 2011 | Posted in » News & Announcement | 4 Comments | 1,343 views

EPF Contribution from 12% to 13%?

Effective from 1st January 2012, the EPF contribution from the employer to the employee for salaries below RM5,000 per month will be increased by 1%. This will bring the contribution rate by employers to 13% from 12%. The reason behind is that EPF is not enough for retirement for most people especially the low to middle income earners.

higher-epf-contribution

While employees are very happy with the new rules, many employers will be experiencing the extra financial burden. It leads to many concerns raised by them due to it’s unfair and irrational move during this economic condition.

How Does 1% Increase Affect You?

December 9th, 2011 | Posted in » Retirement Planning | 1 Comment | 1,018 views

Building Your Investment Portfolio During Recession

Smart investors can always set a small amount of money in their investment portfolio primarily poised to take advantage of dips in the market. For most of them, they will always try to hold cash about 20% to 30% of their total investment portfolio to take opportunities when there is pullback in the market.

cashisking

When a recession strikes, the asset prices such as shares market, property will fall. Normally, ordinary investor who perceive that as high risk in doing something with their cash will potentially won’t earn the modest return. The reason is they feel fearful to take the challenge and have negative thinking when market downturn.

December 6th, 2011 | Posted in » Finance Tips | Leave a Comment | 700 views

Is Your Employee Turnover Rate Acceptable?

employee turnover rate

For any organizations of any size, it is required to take staff turnover into account. This is to calculate the cost of doing business. Basically, it is a calculation of wastage whereby you take the number of employees who leave the company, to the total number of employees in one company.

For example,
Company Y: Employed 1,000 persons in January 2010. By January 2011, 300 had left. This gave a high turnover of
staff turnover

November 30th, 2011 | Posted in » Economic Analysis | Leave a Comment | 695 views

Malaysia Property Set to Boom Again in 2012

In recent years, the property in Malaysia is getting huge attention from many investors. According to the national House Price Index, the property prices rose steadily from 97.9 - 150.7 in the past 10 years. And, a residential property would have risen in value from RM135,293 in 2000 to RM208,725 in 2011, up 54%.

house price index

From the chart above, we can see that there’s a rapid growth of house prices over the years.

November 27th, 2011 | Posted in » Property | 1 Comment | 788 views

Can China Overtake US Economy by 2030?

In my opinion, China could overtake US as the world’s largest economy if it maintain annual growth of 8% over the next 20 years.

china gdp

Last year, I had already overtook Japan as the number 2 economy, and set a growth target of 8% for 2011 and is aiming for 7% per year from 2011 to 2015. The reason why I said that China can become the largest economy by 2013 is because it has the potential market which measured by purchasing power parity.

November 21st, 2011 | Posted in » Economic Analysis | Leave a Comment | 563 views