Archive for the ‘Indian’ category

Amanah Saham 1Malaysia (AS1M) for Indian Community

January 26th, 2018
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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.

Thaipusam Quiz

January 27th, 2016
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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.

We got Federal level Hindu Endowment Board?

July 3rd, 2014
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I was quite surprised to read that one the portfolio to be handled by newly minted Minister in PM Department, (Gerakan President and recently elected Teluk Intan MP) Mah Siew Keong is overseeing the Hindu Endowment Board.

Mah, who is Gerakan president, also has the responsibility of overseeing the Hindu Endowment Board, which administers endowments such as land, property, burial grounds or funds given for the benefit of the Hindu community.

source: http://www.thestar.com.my/News/Nation/2014/07/02/Mah-portfolio-minister-pm-dept/

I asked MIC via tweet, but as usual, no response. I think asking the party office bearers also would be get same results.

Google search also didn’t reveal anything other than the Penang Hindu Endowment Board.

If such a board exists, who are its members? When was it established? Where’s the accounts? Why no info about it on PM Dept (JPM) website? How to contact the board? What does it administer and how? Added: Doesn’t creation of a board requires an Act of Law?

How many Hindus in Malaysia are aware such a board exists?

BTW, a frivalous question, is Mah a Hindu?

 

UPDATE 10/7: According to futher clarifications, the HEB referred to Mah’s portfolio is the Penang HEB of which chairman is currently Penang DCM Dr Rama. Mah’s job is to oversee the board which basically consists of presenting the board’s accounts in cabinet (sort of overglorified report presenter). That’s all. He has no power in running the board since Penang HEB is under Penang HEB Ordinance. A bit of history, the British created a Mohammedan and Hindu Endowment Board Act in 1906 to centralise and organise funds for these two religions (Islam and Hinduism). The Act was for straits settlement states (Penang, Malacca and Singapore). Prior to Malaya’s independence in 1957, the laws were streamlined, and all concerning Islam went into respective state jurisdiction. Only Penang enacted the Penang HEB Ordinance to maintain its board at state level. Singapore after splitting from Malaysia also maintained its Act. Thus there is not Act nor Ordinance (except in Penang) in Malaysia for establishment of any HEB.

Only 1394 out of 1500 matriculation 2014 seats for Indian students filled up?

July 3rd, 2014
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Was watching TV2 Tamil news yesterday. Deputy Education Minister P Kamalanathan was talking about the recent matriculation intake. Out of the 1500 seats allocated to Indian students, 1394 was taken up. Initially more than 6000 students applied, and in the first round nearly 1200 were selected. some of the rejected their places and thus the balance 4000+ who appealed (nearly all who applied appealed) were review and few more were selected.

My question is, out of the 4000 over applicants, we can’t even get 1,500 candidates? Even after review those who appealed? Very strange.

 

Have a look at the minimum qualification required to apply matriculation:

SYARAT KELAYAKAN MINIMUM

a) Syarat kelayakan minimum bagi mengikuti Program Matrikulasi ialah seperti berikut :

Jurusan Sains

1.   C    Bahasa Melayu

2.   C    Bahasa Inggeris

3.   B    Matematik

4.      Matematik Tambahan

5.      Kimia

6.   C dalam satu(1) mata pelajaran daripada berikut :

  • Fizik
  • Biologi

 

Jurusan Perakaunan

1.  C     Bahasa Melayu

2.  C     Bahasa Inggeris

3.  C     Matematik

4.  C     dalam dua (2) mata pelajaran daripada berikut :

  • Prinsip Perakaunan
  • Ekonomi Asas
  • Keusahawanan
  • Perdagangan
  • Sains Tambahan
  • Fizik
  • Kimia
  • Biologi
  • Mata Pelajaran Teknik (Pengajian Kejuruteraan Awam / Pengajian Kejuruteraan Mekanikal/ Pengajian Kejuruteraan Elektrik dan Elektronik / Teknologi Kejuruteraan/ Lukisan Kejuruteraan

5.  E     Matematik Tambahan

 

Aliran Teknikal

1.  C     Bahasa Melayu

2.  C     Bahasa Inggeris

3.  B     Matematik

4.     Matematik Tambahan

5.     Fizik

6.  C    dalam satu (1) mata pelajaran daripada berikut :

  • Pengajian Kejuruteraan Awam / Pengajian Kejuruteraan Mekanikal/ Pengajian Kejuruteraan Elektrik dan Elektronik atauTeknologi Kejuruteraan

7.   E   E

8.  B  Lukisan Kejuruteraan

source: http://apps5.moe.gov.my/matrikulasi/permohonan/min_o.cfm

I have two relations with string of As who didn’t get the place even after appealing. So what gives? Logically, if you got 6000 over applicants, who all meet the minimum requirements, you can easily fill up the 1500 seats. And yet got 106 places left vacant. That’s 7% gone, and probably the chance for 106 students to get education. did the 106 reject after appeal approved? Didn’t turn up last minute due to campus allocation?

Anyway, I don’t think will get answer to the question.

UPDATE July 5: According to reply from Dep Minister P Kamalanathan via twitter (reply link here): 

Yes sir 4 d remaining 318 places offered 356 students a place 2 do Matrics, but only 212 students accepted d offer

So out of the 356 appellants offered place, 212 (59.5%) accepted and 144 rejected (40.5%). Quite high rejection rate. Maybe due to late appeal results which means they have taken other options, or wrong appellants given offers. 

 

BTW, application for 2015 intake is now open. Refer http://apps5.moe.gov.my/matrikulasi/permohonan/login.cfm

DNA tests reveal interesting news on caste system

August 30th, 2013
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To quote the important statements:

Their finding, recently published in the American Journal of Human Genetics, made waves when it was revealed that genetic mixing ended 1,900 years ago, around the same time the caste system was being codified in religious texts. The Manusmriti, which forbade intermarriage between castes, was written in the same period, give or take a century.

Thangaraj says the study shows only a correlation between the early caste system and the divergence of bloodlines, and whether one caused the other is a debate better left to historians. Nonetheless, it puts a stake in the ground, marking the moment when the belief that one should marry within one’s own group developed into an active practice.

He also doesn’t want the early signs of a caste system to overshadow another finding of his study — how completely the population mixed 2,000 years ago. He points to the Paliyar tribe in the foothills of southern India. Their villages are inaccessible by car, and outsiders cannot visit them without a government permit. “They’re still in the forest,” says Thangaraj, “but still they have some affinities with other groups. At some point in time, everybody was mixed.”

Regardless of the manusmriti, its interesting to note that genetic mixing was prevalent till 1,900 years ago in India, and it originates from two main bloodline groups: Africa and Eurasia. As mentioned, nearly every Indian can be traced to genetic mix of these two groups. Full article below.

 

India caste

Dr. Kumarasamy ThangarajKumarasamy Thangaraj takes a blood sample from an Andaman islander, as part of his research into the genetics of India’s castes

Kumarasamy Thangaraj traveled 840 miles (1,350 km) off of the eastern coast of India by plane, then ship, then six hours by car, then ship again to collect blood samples from an isolated tribe of hunter-gatherers on the Andaman Islands. Their blood, he explained through an interpreter, would help him understand a pivotal moment in India’s genetic history. The tribesmen had never heard of a gene before or an academic study for that matter, and the whole pitch struck them as an interesting diversion from their usual routine of spearfishing.

“They mostly laughed,” Thangaraj says, before they offered up their arms in exchange for food. A few needle pricks later, they returned to their boats to fling short wooden spears into the water with uncanny aim, while Thangaraj made the long journey home to Hyderabad. He deposited the latest samples into a blood bank, alongside another 32,000 samples from his countrymen.

The collective bloodlines at the Centre for Cellular & Molecular Biology, India’s leading genetic-research institute, pose a unique riddle for researchers. On the one hand, geneticists can trace nearly all bloodlines back to two ancestral groups, one hailing from Africa, the other from Eurasia. These groups mingled, married and swapped genes. A mixture of their genetic material can be found in nearly every person on the subcontinent today.

But at some mysterious point in history, these braided bloodlines began to fray. The population divided along linguistic, religious and tribal lines, to the point where it separated into 4,635 distinct genetic groups. Europe and Asia look positively homogeneous in comparison, says Thangaraj. He and his collaborators at Harvard Medical School wanted to know when exactly the Indian melting pot stopped melting.

Their finding, recently published in the American Journal of Human Genetics, made waves when it was revealed that genetic mixing ended 1,900 years ago, around the same time the caste system was being codified in religious texts. The Manusmriti, which forbade intermarriage between castes, was written in the same period, give or take a century.

Thangaraj says the study shows only a correlation between the early caste system and the divergence of bloodlines, and whether one caused the other is a debate better left to historians. Nonetheless, it puts a stake in the ground, marking the moment when the belief that one should marry within one’s own group developed into an active practice.

He also doesn’t want the early signs of a caste system to overshadow another finding of his study — how completely the population mixed 2,000 years ago. He points to the Paliyar tribe in the foothills of southern India. Their villages are inaccessible by car, and outsiders cannot visit them without a government permit. “They’re still in the forest,” says Thangaraj, “but still they have some affinities with other groups. At some point in time, everybody was mixed.”

It’s a point that he stresses to anyone who wants to turn bloodlines into battle lines. On Aug. 15, on India’s independence day, a mob from the Rajput community in Biharattacked men, women and children in the Dalit community. They beat them with rods, killing one and injuring 54. “Look, we were all brothers and sisters 2,000 years back,” Thangaraj says of this sort of violence, “why are you fighting now?” Although he did observe one notable outlier from the extended family: the spear-wielding fishermen of the Andaman Islands have no trace of the genetic mix that pervades the mainland. Proof that the only the thing that really could have stopped India’s ancestral populations from mixing was an 840-mile schlep to a remote tropical island.

Read more: http://world.time.com/2013/08/27/what-dna-testing-reveals-about-indias-caste-system/#ixzz2dQiYOQ2x