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Apply for Skim Amanah Rakyat SARA 1Malaysia

February 1st, 2012
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First, some introduction:

Skim Amanah Rakyat 1Malaysia (SARA 1Malaysia) is a special Scheme initiated by the Government of Malaysia aimed at promoting the participation of the low-income group to save and invest; apart from to assist them in managing the impact of the rising current cost of living.

The Scheme will be implemented in collaboration with Permodalan Nasional Berhad (PNB) and selected financial institutions.

Through this Scheme, eligible Malaysians will have the opportunity to apply for a RM5,000 loan from participating financial institution to invest in Amanah Saham 1Malaysia (AS 1Malaysia) managed by Amanah Saham Nasional Berhad (ASNB), and will receive attractive incentive payments on their savings and investments.

About the loan:

  • The loan amount is RM5,000 per household.
  • The loan is for the purchase of 5,000 Amanah Saham 1Malaysia (AS 1Malaysia)I units.
  • Participation will be opened for one year starting from 30 January 2012* or upon full subscription of the total allocation, whichever is earlier.
  • Participation will be disqualified in the event of:
  1. The participant misses three consecutive monthly payments;
  2. The participant provided false information during application;
  3. The participant is declared a bankrupt; or
  4. The participant dies.

NOTE: there was supposed to be a cash based investment as well (meaning you don’t need to apply for the loan), but latest statement in BERNAMA says only loan-based application will be accepted.

So, what are the benefits?:

If you use your savings to invest, you will get a fixed dividend of RM134 monthly. But, if you choose to reinvest the dividend every month, you will receive RM13,000 at the end of the programme’s five-year lifespan. [but since you can't use cash, so I'm not sure how this will work as nothing is mentioned on the official website].

If you take the loan, repayment is RM84 monthly, leaving RM50 to reinvest and a RM10,000 payout in five years.

Also, surprising to see quota in the allocation. If your aim is to help poor people, why have quota based on race?

1. Are you eligible? Check this out:

  1. Malaysians aged between 18 and 58 years old
  2. Gross household income of between RM500 and RM3,000
  3. Applicants must not be declared bankrupt throughout the loan funding period
  4. Any other terms set by the banks
  5. Applicants and / or spouse must not be a participant or beneficiary of any ASNB-related Government programme:
    • Program Pembangunan Rakyat Termiskin;
    • ASB Sejahtera; and
    • ASW2020-Bandar
  6. Applicants and / or spouse do not have any investments in ASNB unit trust products OR applicants and/or spouse(s) (household) have a combined aggregate investment of less than RM10,000 in all ASNB products
  7. All-clear status for ASNB unit trust account
  8. Application is subject to the distribution of Amanah Saham 1Malaysia (AS 1Malaysia)I as stipulated and availability:
    • Bumiputera – 50%;
    • Chinese – 30%;
    • Indian – 15%; and
    • Others – 5%
  9. Only one member of the household is eligible to obtain the loan funding
  10. Application is approved for a loan at one bank

DEFINITION OF HOUSEHOLD
Eligible household refers to individuals with gross household monthly income of between RM500 and RM3,000 including the following categories:

  • Married – a combination of gross income of the husband and wife; and
  • Single mothers or fathers – individual gross income.

2. Fill up the Application Form

So, you are qualified? Then get the form: http://www.sara1malaysia.com.my/Borang_SARA1M.pdf

3. What documents to prepare and bring? Prepare the following:

Main Documents

  • Application form to participate in Skim Amanah Rakyat 1Malaysia (BPPSARA1M)
  • Loan Form from the participating financial institutions
  • Registration form of Unit Amanah Akaun Dewasa ASNB P1
  • Additional Investment Form ASNB 21
  • Redemption Form ASNB 31
  • Investment Book Renewal Form BS3
  • Risk Disclosure Statement (RDS)

Supporting Documents

  • Original and 2 copies of Mykad of applicants
  • Original and 1 copy of Mykad of spouses (if applicable)
  • Certified Income document
    • For applicants and/or spouses, please provide original and copies of the latest three months’ Pay Slips or Bank Statements.
    • For applicants who do not have Pay Slip or Bank Statement, the income declaration stated in BPPSARA1M Part C will be applicable.

     

    * BPPSARA1M MUST be signed before a WITNESS – either the Employer/Penghulu/Official at the Department of Orang Asli Development/Government Official in a Managerial Position /Member of State Legislative Assembly/ Member of Parliament

4. Where to go to apply? 

Go to any branches of the following banks: Maybank, RHB, CIMB, BSN. If your application is approved, the bank will inform you.

5. Got questions? Contact them! :

Special Project Unit – SARA 1Malaysia
28th Floor, Menara PNB
201-A Jalan Tun Razak
50400 Kuala Lumpur

Tel: 03-2057 3065
Fax: 03-2050 5140

Email: saracare@sara1malaysia.com.my
Website: http://www.sara1malaysia.com.my

HOTLINE from 9 a.m. to 5 p.m.
Monday to Friday (excluding public holidays)

reference: http://www.sara1malaysia.com.my/n_index.php

Thina Kural latest Tamil newspaper

February 1st, 2012
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 More choices for the community as this is paper number 4, in addition to Malaysia Nanban, Makkal Osai and Tamil Nesan. Anyway, I look forward for their news and articleswhich is claimed “will be for the upliftment of the lives of the Indian community in Malaysia”.

A new Tamil newspaper, Thina Kural (Daily Voice), is to hit the streets on Feb 9.

Its managing director is Aruul Kumar, 29, son of the late A Athikumanan, a former editor-in-chief of Tamil daily Malaysia Nanban, on whose birthday the daily is being launched, said editor-in-chief BR Rajan.

Rajan, 53, who has 34 years of experience in journalism, said the company, located at Batu Complex in Jalan Ipoh, would bring out 31,000 copies daily and 47,000 copies on Sunday for a start.

Thina Kural is aimed at, among other things, contributing to improving the lives of the Malaysian Indian community at all levels, he told Bernama in a telephone interview today.

“News and articles in Thina Kural will be for the upliftment of the lives of the Indian community in Malaysia. We want to play such a role for society, especially for the lower income group,” he said.

Rajan said the fourth Tamil daily in the country is a tribute to Athikumanan, a legend in the Tamil newspaper industry. Apart from Malaysia Nanban, the other two Tamil dailies in the country are Tamil Nesan and Makkal Osai.

source: http://thestar.com.my/news/story.asp?file=/2012/1/31/nation/20120131185455&sec=nation

Sri Ramalingeswarar temple Bangsar gets approval letter after 30 years

February 1st, 2012
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Good news for the temple. Through their perseverance, they managed to get their land approved, even though it took 30 years.

 

AFTER 30 years of waiting, the Arulmigu Sri Ramalingeswarar temple in Jalan Maarof, Bangsar finally got their approval letter last Sunday.

The 100-year-old temple, which has been operating without proper documentation, had approached Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin to solve the issue.

It took two years for the process to be completed since the temple was situated on private land.

“We had to contact the landowner and negotiate with them and the process is also a long one,” added Nong Chik.

He said it could not have been done without the assistance of the various parties including the Land Office which was sensitive about religious sites as well.

Nong Chik handed the gazette approval letter for part of Lot 61 Section 916A Kuala Lumpur under Section 62 of the National Land Act during a special consecretion ceremony (kumbhabhishegam) at the temple.

The land has been gazetted for temple use and will be run by the temple committee members.

Temple president A. Velayutham said they were grateful for the assistance provided by Nong Chik and that now they would only have to solve their parking woes.

“Previously our devotees used to park by the road until City Hall built pavements as part of the beautification process. Since there are now three-and-a-half lanes we will write to DBKL to ask permission to use the last lane for parking,” he added.

During the event, Nong Chik also presented a RM100,000 grant from the Federal Territories Ministry to the temple.

Velayutham said the money would be used for their renovation work which was nearing completion.

“Every 12 years the temple will be renovated and we estimate this year’s work to cost about RM1.5mil.

“We managed to collect RM800,000 from the public,” he added.

Apart from the grant by Nong Chik, Human Resources Minister Datuk Dr Subramaniam also presented RM100,000 on behalf of the Government.

source: http://thestar.com.my/metro/story.asp?file=/2012/1/31/central/10562583&sec=central

More Tamil Studies Depts at Universities

January 31st, 2012
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While its a good news (even though “policy level” can mean 1001 things), one should also look at the job opportunities for the graduates. Hopefully more employment can be created beyond the usual TV, radio, newspaper and entertainment industries.

HUMAN Resources Minister and MIC deputy president Datuk Seri Dr S. Subramaniam said the Higher Education Ministry has agreed at policy level to set up more Tamil studies departments in universities, Makkal Osai reported.

He said Universiti Pendidikan Sultan Idris had such a department and one more was in the pipeline for Universiti Utara Malaysia

source: http://thestar.com.my/news/story.asp?file=/2012/1/31/nation/10565989&sec=nation

KGNS membership transfer price by race

January 31st, 2012
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update: Some more news, this time form FMT:

… According to a source who took the photo, the membership price list came from a copy of KGNS’s official newsletter, Berita Subang, printed for the October to December 2011 period.

The source told FMT that he found it very “peculiar” that KGNS would practice racial policies in admitting members to the club.

“It is hard to believe that the club, being established by an Act of Parliament still practices somewhat offensive racial discriminatory policies in admitting members. This admission policy somewhat offends my ideology of what Malaysia is.”

“I would like to stress that I have no malice towards the club when posting the picture,” he told FMT.

Predictably the photo caused an outcry over Facebook, with many reacting in disappointment and anger over the racially-charged prices.

“Where goes the 1Malaysia concept (Where has the 1Malaysia concept gone)?” said a Md Farhad Rahman.

Another, only known as PuiSee Ch, said: “What’s in the minds of these pepps (people)? Now ‘race’ can be purchased? They gotta be kidding.”

Other comments were tinged with sarcasm. One Calvin Wong said: “Wow. I never knew Chinese and Indian (were) worth so much more.”

Aiman Baharum said: “Ahh, so good to be the cheapest one lol.”

Janson Chen said: “One day petrol is going to be like that too lol.”

Balancing the racial imbalance

One Facebook user claiming to be a KGNS club member said that the price list had little to do with racism, and more to do with the racial mix in the club.

“This isn’t racism. They’re trying to balance the number of races (there). Currently, there’s lots of Chinese and Indians but very little Malay club members. I know (this) because I’m a club member myself,” said Norman Zakaria.

“So in order to balance it, they charge higher for the Chinese and Indians so not many will apply, and charge less for Malays in order to promote membership to the Malays and increase the number of Malay club members.”

One of the names listed on the photo – who requested to be anonymous- told FMT that the membership payment was part of a United Overseas Bank (UOB) move to finance loans for potential KGNS members.

According to her, UOB had nothing to do with the price list.

The price was fixed by KGNS according to their quota. We are not selling this (the membership) on their behalf … As a bank, we are running a campaign for the payment,” she said, refusing to elaborate further.

When contacted, KGNS refused to comment.

source: http://www.freemalaysiatoday.com/2012/01/31/racial-tint-to-golf-club-membership/

My initial post:

I first got news of this via Twitter (refer: https://twitter.com/#!/inbarajs/status/163875141623885825/photo/1) yesterday. Today’s TMI article gets some response from KGNS president (refer excerpts from thel article below).

In my opinion, its hard to justify why there should be difference prices as its totally not related to the quota. You had already put a limit based on racial composition, so the price should be the same. However,  since the limited places available, then you can find the demand is pushed up for those under limited quota.  The selling of memberships (even if facilitated by 3rd party) based on racial lines is considered a racial discrimination (wonder if it will be illegal under the proposed Race Relations Act). Its just like hiring people (and paying them differently) or renting out houses (and charging them different rental amount) based on race.

And to claim that its put up by others and not related to the club is flimsy indeed. How can such transfers/sales happen without the club management’s knowledge? How can a finance company offer to facilitate loan/easy-payment scheme without club’s knowledge?

Yes, supply and demand can play a role in determining prices, but here it looks like the company is setting the price. One can google “easi-cash” and identify which bank is involved.

To be fair to KGNS, refer to their membership fees at website (http://www.subanggolf.com/content/fees+mode+of+payments-117.aspx):

 

The ordinary membership is RM25k. Ordinary membership is closed except for government servants, but its possible to get a membership transferred (willing seller-willing buyer basis). And there’s a Membership Dept to help facilitiate this transfer. So, don’t tell me they don’t know about such “pricing”.

The club should ask the finance company to remove such notices before its image is spoilt further.

BTW, one can go through the whole website, and there’s not a single reference to any racial quota for membership. I wonder why. If you are proud of your multi-racial membership, then surely you would highlight how its achieved right?

 

A photograph of a membership price list for one of the country’s most prestigious golf clubs that apparently charged by race triggered an outcry on Facebook, with many condemning the different rates for the different races.

… A picture purportedly of Subang National Golf Club (Kelab Golf Negara Subang — KGNS) membership prices surfaced on Facebook yesterday, showing rates of RM35,000-RM65,000 for Malays, RM45,000-RM80,000 for Chinese, RM60,000-RM80,000 for Indians and RM40,000-RM50,000 for “Others”.

Reactions to the photo, which was posted on Facebook community page “Malaysia”, ranged from disgust to defensive.

“Apa nie??? Racist nye! (What is this? How racist!),” said Wan Hairina Ayin.

“In Singapore, I am a Malaysian. In US, I am a Malaysian. In Australia, I am in Malaysian. But in Malaysia, I am belong to the group OTHERS…” said one Frisca Freddy.

“Malaysia and Spore is the only country that allow companies to advertise ….preferably chinese, or malay or indian…so am not surprised of this la…,” said Julian Maria Intachat.

Some respondents, who appeared possibly to be foreigners, chose to respond with humour.

“So many forms in Malaysia ask ‘Race?’ I simply write ‘human’ no one has ever questioned this ” said Chris Frankland.

 When contacted, KGNS president Tan Sri Megat Najmuddin Megat Khas said the notice in the picture was put out by a finance company and had nothing to do with the club.

He said that while KGNS had long practised racial quotas to ensure a good mix of races in its membership, it had never mandated the prices at which memberships could be sold.

Megat Najmuddin said that due to the race quotas, a member can only sell his or her membership to a person of the same race but at any price they wished and the rates in the notice could be reflective of supply and demand among the different racial groups.

He stressed however that the prices that appeared in the notice were just “indicative” and that the club’s philosophy of imposing race quotas was a noble one and not sinister.

“We are the most multi-racial club in Malaysia,” he told The Malaysian Insider. “If you go to other clubs you see it dominated by one race or the other.”

Megat Najmuddin, who also sits on the Umno disciplinary committee, said it was sad that in Malaysia it was getting rare to find the different races mixing together.

“In KGNS, you have all the races mixing together,” he said.

 The KGNS president said there have been no cases of members being unable to find a buyer for membership from his or her own race.

 “This race quota policy has been a cornerstone of the club and no member has ever asked for it to be removed,” he said.

KGNS, the only club in Malaysia incorporated by an Act of Parliament, limits Malays to 45 per cent of its membership, Chinese to 35 per cent and Indians and others to 20 per cent.

When contacted, “Zainah”, one of the names listed on the notice, immediately started denying having anything to do with the notice.

Calls to the rest of the numbers listed on the notice were not picked up or returned.

Megat Najmuddin said he did not know the finance company behind the notice but criticised the photo as “mischievous” for making it look like it was the club that had issued it.

source: http://www.themalaysianinsider.com/malaysia/article/racist-price-list-for-golf-membership-sparks-backlash/