Amanah Saham 1Malaysia (AS1M) for Indian Community

/* January 26th, 2018 by poobalan | View blog reactions No comments »
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According to the Malaysian Indian Blueprint, one of the initiatives planned for the Indian community is a special allocation to invest in Amanah Saham 1Malaysia (AS1M). This was also mentioned in Budget 2018 speech by Prime Minister. A total of RM1.5billion is allocated via AS1M fund to the community, with a maximum limit of 30,000 units per person. That means about 50,000 people if everyone fully utilise their allocation.

The agency in charge is SEDIC, an unit under the Prime Minister’s Department. You can find SEDIC’s FB post on AS1M here.

To help those in low income category, specifically the B40 group (having household income below Rm4680 as of 2017), the government is given a soft loan of RM5,000 per person. RM500 million is allocated for 100,000 families via interest-free loan for five years (monthly repayment of RM83++ for 5 years). It is expected that the return from the investment will be sufficient to pay for the loan.  However based on the dividend rates for past few years, assuming return of 6.5%, the dividend will be RM325 while repayment for 12 months will be RM1,000.

[click to enlarge]

 

The procedure to apply for the RM5,000 soft loan will be announced in February and remember it is for the low income category define as in B40 group. However, regardless of being in B40 group or not,  you can start buying the AS1M units starting from Monday 29th January 2018.

The units can be bought beginning 29 January 2018 from ASNB branches  (click here to see list of branches) or its agent banks (Maybank, CIMB, RHB, POS Malaysia, Affin Bank, Alliance Bank, Am Bank, Bank Muamalat or Bank Simpanan Nasional).

For those already having invested in AS1M before, you can top-up until reach 30,000 unit at the branches or via online at myasnb.com.my .

If you are wondering about the unit prices, AS1M trades at RM1 per unit as shown below (price from ASNB website:

Let’s do a rough calculation for 5 years with 6.5% return per annum:

Year Investment Value (RM) Dividend (RM)
2018 5000.00 325.00
2019 5325.00 346.13
2020 5671.13 368.62
2021 6039.75 392.58
2022 6432.33 418.10
6850.43

With RM5,000 investment, you can get RM6,850.43, a return of 37% or average of 7.4% per year.

Its obviously better than FD rates, but face competition from unit trusts which tend to offer better returns (Disclaimer: I’m not promoting any unit trust products).  For those looking to diversify their investments, can consider investing some amount in AS1M or even other unit trusts under ASNB provided you are qualified.

Read the  ASNB Statement on AS1M.

And finally, some info on eligibility:

 

    1. Kriteria Kelayakan
      1. Apakah kriteria–kriteria kelayakan untuk memohon Skim ini?
        • Permohonan terbuka kepada masyarakat India warganegara Malaysia:
          • Akaun Dewasa (18 tahun ke atas)
          • Akaun Bijak (ibu bapa atau penjaga sah yang melabur bagi kanak-kanak warganegara yang berumur 18 tahun dan ke bawah serta mempunyai sijil kelahiran yang sah).
        • Pemohon tidak mempunyai pegangan unit AS 1Malaysia atau telah menjadi pemegang unit namun mempunyai pegangan unit kurang daripada 30,000 unit.
        • Pemohon tidak diisytiharkan muflis semasa memohon serta sepanjang tempoh penyertaan dalam Skim.
    1. Cara-cara Memohon
      1. Bagaimanakah saya membuat permohonan untuk melanggan unit-unit tambahan AS 1Malaysia ini?

Pemohon yang berminat bolehlah datang ke Cawangan ASNB atau mana-mana Ejen ASNB di seluruh negara:

        • Maybank
        • CIMB
        • RHB
        • Pos Malaysia
        • Bank Simpanan Nasional (BSN)
        • Affin Bank
        • Alliance Bank
        • AmBank
        • Bank Muamalat Malaysia Berhad

 

      1. Selain daripada Cawangan ASNB dan Ejen ASNB, apakah saluran lain untuk saya melanggan unit-unit tambahan AS 1Malaysia ini?
        1. Portal myASNB: Pemegang unit sedia ada yang mempunyai baki kurang daripada 30,000 unit dalam AS 1Malaysia dan telah mendaftar sebagi pengguna Portal myASNB boleh menambah pelaburan AS 1Malaysia di Portal myASNB, tertakluk kepada unit-unit yang masih ada untuk dilanggan.
        2. Perbankan Internet: Tambahan pelaburan juga boleh dilakukan secara atas talian menerusi Maybank2u, CIMBClicks, AffinOnline dan RHBNow, tertakluk kepada terma dan syarat serta unit-unit masih ada untuk dilanggan.
        3. Bentuk bayaran: Pemohon boleh membeli unit-unit tambahan AS 1Malaysia menggunakan Tunai/ Bank Deraf/Cek/Banker’s Cheque, tertakluk kepada unit-unit yang masih ada untuk dilanggan.

 

         Perhatian:

 

  • Pelaburan melalui cek atau bank deraf atau Banker’s Cheque hanya boleh dilakukan di ASNB Kaunter Utama Kuala Lumpur atau cawangan ASNB sahaja.

 

  • Cek pelaburan tambahan hanya diterima atas nama ‘Amanah Saham Nasional Berhad’.
  • Pelaburan melalui cek atas nama `Pemegang Unit’ atau Penjaga Berdaftar’ dibenarkan sekiranya cek dikeluarkan oleh yang berikut:

 

 

            1. Kerajaan Malaysia
            2. Syarikat di bawah Kumpulan PNB
            3. Syarikat Berkaitan Kerajaan (GLCs)
            4. Syarikat Penerima Labur PNB (Investee Company)

         Permohonan melalui Cek/Bank Deraf/Banker’s Cheque adalah tertakluk kepada tarikh Cek/Bank Deraf/Banker’s Cheque dijelaskan.

        1. Skim Pelaburan Ahli KWSP : Pemohon boleh membeli unit-unit tambahan AS 1Malaysia melalui Skim Pelaburan Ahli KWSP, tertakluk kepada unit-unit yang masih ada untuk dilanggan. Transaksi langganan unit hanya akan disahkan apabila ASNB menerima pembayaran dari pihak KWSP (mengambil masa 7 hari bekerja daripada permohonan pelabur diterima hingga pembayaran oleh KWSP).

 

Walau bagaimanapun langganan unit-unit tambahan AS 1 Malaysia ini berdasarkan ‘siapa cepat dia dapat’ dan tertakluk kepada unit-unit yang masih ada untuk dilanggan.

Read more at ASNB page.

Guru punca masalah KBAT (HOTS) ?

/* November 10th, 2017 by poobalan | View blog reactions No comments »
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This is quite a statement. Granted the sample of survey is very small, less than 3% of the schools. Not sure how valid that is. But in that small sample, 60% are below par, and 40% is either good or excellent. Reason being (mainly I suppose) is teachers acceptance and understanding of HOTS (or KBAT in BM). Higher Order Thinking Skills (Kemahiran Berfikir Aras Tinggi). This points to – rushed implementation, lack of planning, or mismatch between expectation and reality. We have half a million teachers to train, not only technically but mindset and culture. Perhaps the initiative should have been started on smaller scale, but then you will end up with syllabus which is not standardised.

Oh, I’m back in action btw. Just the second post for the year, what an underachievement.

Penerimaan dan pemahaman guru antara punca 169 buah sekolah berada di bawah tahap baik dan cemerlang hasil pemeriksaan penarafan amalan terbaik Kemahiran Berfikir Aras Tinggi (KBAT).

Timbalan Menteri Pendidikan, Datuk P. Kamalanathan berkata statistik itu mewakili 60 peratus daripada 282 buah sekolah rendah dan menengah yang dinilai oleh Jemaah Nazir dan Jaminan Kualiti.

“Dalam 282 sekolah hanya 40 peratus sekolah ini telah mencapai tahap baik dan cemerlang sementara 60 peratus sekolah masih ada masalah (berada di bawah tahap baik).

“Hasil penilaian mendapati, masalah ini berpunca daripada penerimaan dan pemahaman guru-guru dan proses ini (menambah baik) sedang berlangsung sekarang. Guru-guru sedang dilatih, bukan sahaja melalui Kementerian Pendidikan malah melalui tenaga pengajar,” katanya pada persidangan Dewan Rakyat di sini hari ini.

Tambah Kamalanathan, para guru yang telah dilatih dan dapat memahami budaya KBAT akan menjadi duta kementerian untuk memaklumkan kepada guru-guru lain serta cara untuk mengaplikasikannya.

Bagaimanapun katanya, para guru dari sekolah berkenaan juga sedang dibimbing menerusi ini inisiatif SIP+ dan SISC+.

Sementara itu, penilaian pelaksanaan KBAT dalam pentaksiran hanya dapat dilaksanakan sebaik sahaja analisis keputusan UPSR tahun 2017 diperoleh dengan membandingkan pencapaian calon berdasaran pertimbangan terhadap kualiti, ketekalan, ketepatan, keadilan dan bukannya membuat perbandingan dengan keputusan UPSR tahun lalu.

Jelasnya, keputusan dan prestasi UPSR tahun 2016 tidak boleh dijadikan perbandingan dengan keputusan UPSR bagi tahun-tahun sebelumnya kerana format serta instrument yang digunakan adalah berdasarkan kepada Kurikulum Standard Sekolah Rendah (KSSR).

source: http://www.astroawani.com/berita-malaysia/kelemahan-guru-punca-60-peratus-sekolah-hadapi-masalah-kbat-159944

Thaipusam Quiz

/* January 27th, 2016 by poobalan | View blog reactions No comments »
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Thaipusam is just over. Many Hindus would have visited Lord Muruga’s abode, and quite a number would have fulfilled their vows, be it carrying paal kudam or kavadi. This is evident from the many photos shared in mainstream media and social media platforms.

I was listening to radio during Thaipusam and there were some talk shows on the religious significance of Thaipusam, the do’s and don’ts, etc.

Do you know what Thaipusam is all about? Take the challenge below and try answer the questions

 

  1. What does “Thaipusam” mean?
  2. Why is Thaipusam celebrated?
  3. Why do devotees carry paal kudam or kavadi?
  4. Who is Edumban?
  5. Why do the devotees wear yellow?
  6. Why do some devotees break coconuts?
  7. Why do devotees fast 48 days prior to fulfilling their vows?
  8. How long is Thaipusam celebrated?
  9. What happens to the milk carried by devotees?
  10. Can devotee fulfill his/her vow at any Murugan temple?

Leave your answers in the comments, or better still, let it be in your thoughts, always.

Mechanised paal abhishegam

/* January 28th, 2015 by poobalan | View blog reactions No comments »
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Video source from The Rakyat Post:

Automated milk abishegam at Batu Caves

Picture source from The Rakyat Post

So, this year Thaipusam brings a new controversy at Batu Caves. The temple management introduced an mechanised method to conduct paal (milk) abhishegam (offering) for Lord Muruga. Usually, Hindus will do penance of carrying the paal kudam (silver container) for a distance and pouring it on Lord Muruga statue as way of fulfilling their vows, be it good results in exams, better job, recovery from illness, etc etc.

Fulfilling a vow is not just limited to the carrying and pouring of the milk. The person has to be in penance, like fast for certain amount of days, refrain from worldly activities as much as possible, be vegetarian and so on. The whole process is to reflect the hardship one is willing to go through in order to fulfill his/her part of the vow. And it ends as you offer your gift to Lord Muruga.

However due to very large number of devotees doing paal abhishegam at Batu Caves, the temple management find it hard to please those coming to pray who get blocked by the act of pouring milk non-stop. Imagine, even though Thaipusam is a week away, devotees had started fulfilling vows about a week earlier (since start of the month of Thai). Thaipusam falls on specific days, so I’m not sure if their vow is to do paal abishegam during Thai month or during Thaipusam day (but that’s another story for another day).

But this didn’t go down well those who intended to fulfill the vow and also many otherr Hindus. The general feeling is that the pouring of milk should done physically by the person or the priest.

The Hindu Sangam via its president also issued a statement (though I’m not sure why the statement is saying Dato Mohan Shan “vendukol” – request instead of Hindu Sangam “arivippu” – notice or “arikai” -statement).

Basically what the notice above states is that the practise of using mechanised method is not according Hindu agamas (scriptures dealing with temples, rituals, yoga, etc) as the items for abhishegam which is intended for Lord Muruga should not be poured into another container first. The excuse given that there’s lack of volunteers and priests to assist in the manual process should be tackled in other ways.

I’m not sure how the Mariamman Devasthanam can implement such decision without consulting the main Hinduism body in the country. Does this show some conflict or ego? Or lack of belief in MHS?

As for me, I would say, devotee need to be clear on what they vowed. There are many Murugan temples in Malaysia, so perhaps in future can vow in different temple. One can say, its the thought that counts, while another will say must do it as vowed. Each to his own, as we can’t know how God decides. This may be part of your Karma, for all we know.

Perhaps in future Batu Caves temple can issue limited place for paal abhishegam. Let’s say 500,000 and divided into different time shifts on the day. Same goes for kavadi bearers. So before you do the vow, you will need to buy the “voucher” earlier. Voucher should be non-transferable and sold in a transparent manner. Just my two cents.

Below is comment from Hindraf regarding the move by Batu Caves temple management.

Article from Rakyat Post:

For Hindus, paying penance to their deities by carrying milk pots is a common practice, especially during the annual Thaipusam festival.
This year, the Batu Caves Murugan temple management will be implementing a new system to ease congestion.
A spokesman said the temple would be using an automated system for the first four days of Thaipusam, which would see devotees emptying their milk pots into a drum.
The drum would then channel the liquid via hoses, to a pot attached to a machine inside the main temple, where the milk offering ritual is done.
Typically, the milk pots carried by devotees are passed to the temple’s priests, who will then shower the deities’ statues with milk while uttering mantras as a form of blessing.
“We just want to ease congestion during this festive period. We expect a huge crowd this time around,” said the spokesman.

This system, which has been in the testing stage the last two days, will only be used on the first four days of Thaipusam, which falls on Feb 3. It is not known how much the system costs.

Meanwhile, Hindraf has lambasted the temple management over the system’s implementation.
“Hindraf is totally mystified by the committee’s attitude in pursuing the system as it clearly desecrates the Hindu rites and practices.
“It appears that the committee has no regard for the feelings of thousands of devotees who have undertaken severe penance to participate in showering their Paal Kodam (milk pots) in the final ritual known as abishekam during the Thaipusam festival,” Hindraf chairman P. Waytha Moorthy said in a statement.
He added it was widely believed that the practice of showering milk on the deity was a process of cleansing oneself of one’s sins.
“Such practice is conducted worldwide in India, Fiji, Sri Lanka, USA, the United Kingdom, Australia and Singapore during the Thaipusam month.
“Even in India, millions of people who bring their milk pots have the satisfaction of their milk being showered individually by priests, who normally chant mantras, as opposed to the motorised method intended to be practised in Batu Caves.
Waytha said motorising a “personal and spiritual” ritual not only desecrated Hindu rites, but also insulted individual devotees who had painstakingly undertaken severe penance to fulfil their devotion to the deity.
He called on the temple management to review the use of the machine, failing which he urged devotees to forgo Batu Caves and pay their penance elsewhere.

Ustaz mocks Hinduism

/* July 30th, 2014 by poobalan | View blog reactions 1 comment »
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This guy who has an police report against him for assault (refer http://suara1umno.blogspot.com/2012/02/surat-laporan-serangan-ustaz-shahul.html ) courts controversy by providing false facts about another religion. Refer video below:

The video above is part of a 1.5 hour speech which can be found here: https://www.youtube.com/watch?v=RAZlpwbs7V0&feature=youtu.be

Preaching is common among religion, but need to be careful on how its done. Not at expense of insulting other religion, or worse still providing wrong information. He is also in danger of being sued by those companies mentioned here for defamation, and even by JAKIM for questioning its halal status.

The crux of his speech is basically saying must support Muslim products and businesses to best of ability, as doing otherwise may be haram; directly/indirectly supporting non-Muslims; stifling Muslim business. Not sure if this strict view is their religious teaching or just a liberal interpretation.

Since MIC had its protest today and many police reports has been lodged, this guy now made an apology. Video below from his FB:

Among his points in the apology video:

1. the speech was in a closed function, for muslim only. [maybe acceptable in the pre-internet era. however God still exists in closed areas right?]

2. was uploaded without his consent, maybe (“mungkin”) with bad intention. [or maybe with good intentions to share his superb speech with other followers. Pls dont pre-judge the uploader and qualify it with “mungkin”].

3.  his speech based on his knowledge [well, this is unacceptable. if not sure, then can check with authorities or the people concerned. Why deity got tongue sticking out? go ask Hindu Sangam…or would that shake your belief? or you think its perfectly acceptable to make a joke of it?]

4. some words maybe (“mungkin”) cause unhappiness among Indian community. [ yeah right, maybe will create unhappiness.]

5. Hopes this issue is not prolonged. [of course, you are busy person, got many speech sessions to do, souls to save.]

6. will ensure this thing won’t be repeated. [what “thing” won’t be repeated? recording and uploading of speeches or insulting other religions?]

According to this FB page, he is also running a religious school and is known for giving speeches, so imagine how many “majlis tertutup” would have been conducted, spreading lies and hatred.  “Mungkin” kan. Need to also investigate his school. “Mungkin” got training for creating terrorists.  See, I also can use “mungkin”.

Let’s see how the police investigation turns out.

If you think this is first time incident, then refer to this video:

So how do you treat repeat offender? Should send him for some course on how to give speech without touching other religions or spreading lies?

PS: Hindu Sangam still drafting its press statement?