Posts Tagged ‘Poverty’

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 .

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

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.




  • 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.

Poverty and Gini reduced, average household income increased but…

March 28th, 2013
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Good news indeed, right? I’m sure no one will be unhappy to hear that poverty is reduced. That will contribute a lot towards reducing crime and social problems (barring foreigners-linked ones).

Average household income increases..definitely good news for businessmen as family should have more purchasing power. Can go for movies at cinema, buy more books, enjoy eating out with family once in a while, go on short domestic holiday (hey, maybe even overseas with Everyone Can Fly!), take up some insurance policy, send kids to tuition, renovate house…whoa the list can go on and on. Our household income increased by nearly RM1000 in 3 years (2009-2012), from RM4025 to RM5000 per month. That’s a annual growth of 7.2% it says. The urban household (with more than 2/3 of Malaysians living in urban area) grew 6.6% per annum from RM4,705 a month in 2009 to RM5,742 in 2012, while rural household income grew 6.4% a year from a monthly average of RM2,545 in 2009 to RM3,080 in 2012. (Questions whether its enough to buy a house is not relevant). So, how many of your got a average 7% increase in income per year? Should be a lot of us, right?

And what about the Gini coefficient? Basically, the lower the value of Gini, the better it is because it portrays the inequality of wealth distribution (higher value means rich becoming richer, poor becoming poorer). We registered a drop of 0.01, from 0.441 to 0.431. So the gap between Ananda Khrishnan and myself has been reduced, well probably a miniscule amount, but still REDUCED! 🙂

So, what is the definition of being poor? Want to check out an old article of mine about Budget 2013? Not so old actually.

Ok, let’s read the article from Star below and feel an unexplainable pleasure. Then proceed to article  that appears after that.

Malaysia more than halved its poverty statistics over the past three years, with the number of poor people now standing at less than 110,000 nationwide, said Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop.

He said the country’s overall poverty rate dropped to 1.7% in 2012, compared to 3.8% in 2009.

“With this achievement, the target under the 10th Malaysia Plan to reduce overall po­verty to 2% in 2015 has been achieved three years earlier.

“This is a result of rapid economic development and the effectiveness of poverty eradication programmes carried out by the Go­­vernment,” he said at a press conference to announce the findings of the 2012 National Household Income Study here.

He said the fall in incidences of poverty happened in both urban and rural areas, with urban poverty falling to just 1% last year compared to 1.7% in 2009, while rural areas registered a significant drop from 8.4% in 2009 to just 3.4% in 2012.

Sabah registered the biggest reduction in poverty from 19.7% of the population in 2009 to 8.1% three years later.

The minister said all states registered a reduction in poverty rates, with marked improvements in Penang, Selangor, Malacca and the federal territories – all of which ave­raged 0% hardcore poor in their areas as at 2012.

“This is proof that the Federal Government’s initiatives to eradicate poverty have succeeded and been of benefit to the rakyat regardless of differences in political ideology,” he said.

Meanwhile, Malaysians enjoyed an annual increase of 7.2% to their average household income over the 2009-2012 period, or a nearly a RM1,000 hike in their average monthly income from RM4,025 in 2009 to RM5,000 in 2012.

Despite similar growth rates, urban household income grew at 6.6% per annum from RM4,705 a month in 2009 to RM5,742 in 2012 while rural household income went up at a rate of 6.4% a year from a monthly average of RM2,545 in 2009 to RM3,080 in 2012.

Despite this, he added that Malaysia still improved on wealth distribution, having secured a lower score of 0.431 on its “Gini coefficient” (a system to measure inequality in wealth distribution) in 2012, compared to 0.441 in 2009.



OK, so you are feeling happy and blissful already? Great! Now, let’s come down to earth a bit by reading how poverty line is calculated and what’s the current figures are:

Sesebuah isi rumah adalah dianggap sebagai miskin tegar sekiranya pendapatan bulanan isi rumah tersebut adalah kurang daripada Paras Garis Kemiskinan (PGK) makanan, iaitu pendapatan yang mencukupi bagi membolehkan isi rumah tersebut memenuhi keperluan asas dari segi nutrisi makanan yang minimum yang membolehkan setiap ahlinya mempunyai tubuh badan yang sihat.

PLI miskin tegar adalah diukur berdasarkan kepada komposisi demografi ahli isi rumah iaitu bilangan isi rumah, umur dan jantina bagi menentukan keperluan diet atau kalori (Keperluan Harian Diperlukan atau Recommended Daily Allowance (RDA) 2004, Kementerian Kesihatan dan Universiti Kebangsaan Malaysia). PLI juga mengambil kira harga jualan semasa bagi membeli keperluan harian tersebut berdasarkan lokasi mengikut Negeri dan Strata (Bandar atau Luar Bandar). PLI akan dikira berdasarkan kepada keperluan setiap isi rumah dan Indeks Harga Pengguna atau Consumer Price Index (CPI) makanan.

Keperluan Kalori bagi setiap isi rumah dikira berdasarkan kepada struktur demografi setiap isi rumah seperti umur, berat, jantina dan kadar metabolasi badan atau basal metabolic rate (BMR) mengikut paras aktiviti fizikal atau physical activity level (PAL) setiap isi rumah.

Sejumlah 8,725 kalori setiap hari adalah diperlukan (untuk 5 Orang setiap isi rumah) berdasarkan kepada 7 kategori makanan yang meliputi 13 jenis makanan iaitu :

  • nasi;
  • tepung gandum;
  • biskut;
  • ayam;
  • telur;
  • ikan;
  • susu;
  • minyak masak;
  • majerin;
  • gula;
  • buah-buahan;
  • sayur-sayuran; dan
  • kacang.

(Berdasarkan kepada Komposisi Nutrisi Makanan Malaysia, IMR 1997)

Sehubungan itu, merujuk kepada Unit Perancang Ekonomi, Paras Garis Kemiskinan Tahun 2009 selaras dengan Rancangan Ekonomi Kesepuluh (RMK-10),Paras Garis Kemiskinan (PGK) makanan yang telah ditetapkan untuk isi rumah miskin tegar berdasarkan kepada kiraan di atas adalah RM460.00 seisi rumah.

Definisi Miskin

Sesebuah isi rumah adalah dianggap miskin sekiranya pendapatan bulanan isi rumah tersebut adalah kurang daripada Paras Garis Kemiskinan (PGK), iaitu pendapatan yang mencukupi bagi membolehkan isi rumah tersebut memenuhi keperluan asas dari segi makanan dan bukan makanan yang membolehkan setiap ahlinya berfungsi di dalam masyarakat.

PLI bukan makanan adalah manggunakan kiraan Bank Dunia di dalam menentukan keperluan minima perkhidmatan dan bukan makanan. Keperluan ini dikira berdasarkan kepada perbelanjaan keseluruhan isi rumah dengan mengambil kira PLI makanan (isi rumah yang berada pada jurang 10% di atas dan 10% di bawah PLI makanan). Ini akan menunjukkan jumlah perbelanjaan sebenar termasuk komponen bukan makanan untuk membolehkan sesebuah isi rumah tersbut berfungsi di dalam masyarakat.

PLI akan dikira berdasarkan kepada keperluan setiap isi rumah dan Indeks Harga Pengguna atau Consumer Price Index (CPI) makanan dan bukan makanan mengikut Negeri dan Strata (Bandar dan LuarBandar).

PLI bukan makanan akan mengambil kira keperluan asas seperti berikut:

  • Pakaian;
  • Sewa, Minyak dan Elektrik;
  • Perkhidmatan asas;
  • Pengangkutan dan komunikasi; dan
  • Lain-Lain

Sehubungan itu, merujuk kepada Unit Perancang Ekonomi, Paras Garis Kemiskinan Tahun 2009 selaras dengan Rancangan Ekonomi Kesepuluh (RMK-10), Paras Garis Kemiskinan (PGK) makanan dan bukan makanan yang telah ditetapkan untuk isi rumah miskin berdasarkan kepada kiraan di atas adalah RM760.00 seisi rumah.



So, poverty rate is RM760 per month per household of 5 person. Low income household is a bit unclear, with values of <1500, <2000, and even <3000 being stated.

Question is, is RM760 a valid figure to define poverty line? Maybe the mechanism stated above needs to revisited immediately so that our statistics are not made to be laughing stock.

If our poverty line is increased to RM2000, poverty rate can be as high as 33%! Interesting right?

Our average household income had increased and our inflation rate still steady at below 2% and its expected to continue at that range for 2013, says our Deputy Finance Minister. Check out CPI trend at . Questions do arise, is an average income of RM5,000 per household (5 people) per month sufficient especially in urban areas?

You may want to read the following articles as well:


Supermum Devigi

September 4th, 2012
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husband has heart disease, brother-in-law bedridden, sister-in-law a diabetic, and all 3 kids having muscular dystrophy, but she didn’t give up!


THERE were several times when S. Devigi wanted to commit suicide after all three of her children were diagnosed with muscular dystrophy.

But her determination to provide the best for them stopped her.

“I don’t know how I got through it.

“I remember selling fried rice, noodles and thosai at night to pay for my children’s medical and educational expenses.

“It was a harrowing experience. I had thought about taking my own life but could not do it when I see my children’s faces,” said the teary-eyed Devigi when met at their dilapidated house at the JKR quarters.

Apart from taking care of her children, Devigi is also looking after her husband, V. Ugjayan, 52, who suffers from a heart disease, her bedridden brother-in-law and a diabetic sister-in-law.

However, the 53-year-old woman, dubbed as the “supermum” is now a happy mother.

Proud moment : (from left) Zuraidah, Devigi, her husband Ugjayan, Dr Rajendran and two other representatives of the NCM posing with a mock cheque with Devigi’s children on the wheelchair- (from left) Abby, Meghala and Gopi.Proud moment : (from left) Zuraidah, Devigi, her husband Ugjayan, Dr Rajendran and two other representatives of the NCM posing with a mock cheque with Devigi’s children on the wheelchair- (from left) Abby, Meghala and Gopi.

Her children, Nyanamambiga @ Abby, 27, Meghala, 26, and Gopi, 24, are all independent and are helping with the family’s expenses.

Abby works part-time as an executive administrator at the college where she is pursuing a Business degree, while Meghala designs greeting cards and sells them online.

Gopi, meanwhile, works part-time as a deejay at wedding receptions.

The family’s household income has now increased to between RM1,000 and RM1,500 compared to the few hundred ringgit Devigi earned in the past.

“I am happy to see my children earning money despite being wheelchair-bound.

“Thank God I did not give up and continued to fight,” Devigi said.

Devigi, who has stopped working, is now saving up to build a house on her husband’s land in Sungai Manggis, Banting.

The family is still in need of about RM60,000 to build the house.

Prof Dr M. Rajendran, who handles the family’s trust fund, said RM97,000 had since been collected from kind donors.

“Many have contributed to Devigi after her plight was highlighted by The Star.

The Star is one of the contibutors to Devigi’s family,” he said.

Northport Corporation Berhad (NCB) Holdings Bhd donated RM20,000 to the family recently.

Its director Datuk Zuraidah Atan, who handed over a mock cheque to Devigi, said the effort was part of NCB’s corporate social responsibility.

In March this year, The Star had highlighted Devigi’s life story, calling her a supermum for single-handedly taking care of her loved ones.

For information, contact Dr Rajendran at 012-229 4518.


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

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

“The rest are being processed,” he said.


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:  or LHDN offices as well selected location like some schools.


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 :

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.