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My Tweets for week ending 2012-02-06

February 6th, 2012
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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

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Application for Rm500 Bantuan Rakyat 1Malaysia extended to February 10

January 13th, 2012
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Good news to those who missed the application for Bantuan Rakyat 1Malaysia. The deadline has been extended by another month, to February 10.

Want to know how to apply, how’s eligible etc? Refer to my earlier post here:  Apply RM500 Bantuan Rakyat 1Malaysia

The deadline for the public to submit the application form for the RM500 Bantuan Rakyat 1Malaysia (BR1M) scheme has been extended to Feb 10.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the form could be submitted at all Inland Revenue Board (IRB) offices and agencies handling the aid.

The one-month extension came following appeals from those who were unable to submit the form by Tuesday.

The forms had been distributed since last month to assist households earning below RM3,000 a month.

Ahmad Husni said successful applicants would be given vouchers which they could cash at all Bank Simpanan Nasional, CIMB and Maybank branches.

“The distribution will begin on Sunday and is expected to take two months for completion.

“During the period, successful applicants will receive letters informing them of the dates and venues of the voucher presentations.

“The banks will also provide mobile counters for recipients to cash the vouchers which are valid until April 15,” he said.

Ahmad Husni said besides the letters, applicants could also check their application status by calling the hotline 1-800-222-500 and 1-300-88-3010 beginning Monday.

The hotline will operate between 9am and 5pm on working days.

Unsuccessful applicants can appeal by filling a special form available all IRB offices and the selected agencies.

The form can also be downloaded from the Finance Ministry’s websitewww.treasury.gov.my.

As of Tuesday, 3,102,054 applications had been approved from 4,123,713 forms received.

“The rest are being processed,” he said.

source: http://thestar.com.my/news/story.asp?file=/2012/1/13/nation/10255017&sec=nation

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Apply RM500 Bantuan Rakyat 1Malaysia

December 12th, 2011
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The Bantuan Rakyat 1Malaysia (BR1M) whereby households with monthly income of RM3000 and below can get RM500 one-time payment is out since 10 December. Those interested can download the form from Treasury website at:

http://www.treasury.gov.my/pdf/br1m/Borang_BR1M.pdf  or LHDN offices as well selected location like some schools.

REMEMBER, the form is FREE, FREE, FREE.

Need help understanding if you are eligible or not? refer the below diagram:

Note that need to submit copy of your MyKad and also payslip (if have). And those registered in e-Kasih also eligible.

 

 

 

Even if your married children stay with you and have their own income, you can still claim (and they also can claim) as long your income is below RM3000.

Single parents or those staying alone also can claim, as long as monthly income below RM3000.

You can also refer the document at: Mekanisma Bantuan RM500 9 Dis 2011 Edaran Laman Web

 

For help,  you can call/email:

Talian hotline : 1-800-222-500 (Bebas Tol)

Waktu operasi : 9.00 pagi hingga 5.00 petang (hari bekerja)

Emel : belanjawan2012@treasury.gov.my

Perkhidmatan mulai 7 Disember 2011 (Rabu)

Bilik Operasi Bajet
Aras 10, Blok Tengah
Kompleks Kementerian Kewangan Malaysia
1-800-222-500 (Hotline)
03-8882 3786 (Faks)

You can also refer to your MP or ADUN for the forms.

Hurry to register by end of the year 10 January 2012.

 

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Alcohol in hamper as Deepavali gift for Tamil school HMs?

November 9th, 2011
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 I’m sure the YB (who is also Deputy Education Minister, and a Muslim) won’t be dumb enough to give alcohol as part of hamper gift, what more to school administrators in the school. You can put fruits, biscuits, chocolates, cordials etc. in hampers. No need to encourage alcohol drinking.

Wonder how this came to be.

If indeed this happened, a shameful incidence for Indian community. Seems like the perception of others is that drinking is a culture of the community.

 

… In Batu Pahat, several Tamil school headmasters and their assistants were suprised to see hampers on their tables when they returned to work after the Deepavali break.

What stunned them the most was that the hampers contained a bottle of Famous Grouse whisky.

The hampers were from the Batu Pahat MP Mohd Puad Zarkashi, who is also the deputy education minister.

“Most of us were suprised and felt uncomfortable. Firstly, the hamper contained a liqour bottle and secondly, we as civil servants should not receive such gifts

“Perhaps it is the deputy minister’s way of thanking us for our contribution,” said a teacher, who declined to be named.

However, he said that sending flowers would suffice and there was no need for liquor bottles.

http://www.freemalaysiatoday.com/2011/11/08/its-raining-goodies-in-johor/

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