Posts Tagged ‘Statistics’

9th Malaysia Plan facts and statistics

June 26th, 2008
|  Subscribe in a reader | Subscribe to poobalan.com by Email


NST and Star:

Success of 9MP (first two years):

  • including sustaining economic growth at an encouraging rate of 6.1 per cent per annum
  • enhancing the quality of life of Malaysians by increasing per capita income from RM18,840 in 2005 to RM23,066 in 2007
  • government reduced the fiscal deficit from 3.6 per cent of Gross Domestic Product (GDP) in 2005 to 3.2 per cent in 2007
  • government enhanced the quality and access to the national education system through the implementation of the Education Development Master Plan and the National Higher Education Strategic Plan.
  • lowered the overall poverty rate from 5.7 per cent in 2004 to 3.6 per cent in 2007
  • incidences of absolute poverty were reduced from 1.2 per cent to 0.7 per cent in 2007
  • In Peninsular Malaysia, the percentage of hardcore poverty has
    been reduced from 0.7% in 2004 to 0.3% in 2007
  • for Sabah it was
    reduced from 6.5% to 3.7%
  • for Sarawak it was reduced from 1.1% to
    0.7%
  • urban hardcore poverty rate was reduced from 0.4%
    to 0.3%
  • rural hardcore poverty rate reduced from 2.9% to 1.4%
  • Overall poverty in Peninsular Malaysia was reduced from 3.6%
    to 2.3% while for Sabah, it was reduced from 23% to 16% and Sarawak
    from 7.5% to 4.2%.
  • urban poverty rate was reduced
    from 2.5% to 2% and for rural from 11.9% to 7.1%
  • Bumiputera’s mean income
    increased by 5.2% to RM3,156 in 2007 from RM2,711 in 2004.
  • During the
    period, the Chinese’s income rose 3.0% to RM4,853 from RM4,437
  • Indians’ income rose 3.2% to RM3,799 from RM3.456
  • for others, a
    15.5% increase to RM3,651 from RM2,312
  • In urban areas, income
    rose 3.3% to RM4,356 from RM3,956
  • for the rural area, there was a
    6.8% increase to RM2,283 from RM1,875
  • Bumiputera ownership has increased from 18.9% in share capital in 2004
    to 19.4% in 2006
  • During the period, individual ownership increased
    from 15.0% to 15.1%
  • for institutions, including Permodalan
    Nasional Bhd, it increased from 2.2% to 2.6%
  • For
    non-bumiputeras, it increased from 40.6% in 2004 to 43.9% in 2006
  • Chinese ownership group saw an increase from 39.6% to 42.4%
  • for
    Indians it showed a slight decline from 1.2% to 1.1%
  • decline in foreign ownership from 32.5% to 30.1%
  • for nominees, it fell from 8.0% to 6.6%.

Measure to increase privileged people’s participation:

  • A comprehensive database to monitor Bumiputera performance in the corporate sector will be set up
  • Bumiputera wealth ownership in the non-financial assets such as ownership of commercial and residential buildings will be used as an additional yardstick to evaluate the performance
  • to attain bumiputera equity ownership between 20% and 25% by
    2010, which excludes government companies like Petroliam Nasional Bhd
    and Khazanah Nasional Bhd. The equity ownership is based on the par
    value of the shares and not on market capitalization.

Focus of 9MP (remaining years):

  • increase in the mean income of all Malaysians
  • decline in the incidence of poverty
  • improvement in the restructuring of employment pattern and corporate equity ownership
  • increasing the income share of the lowest 40 percent of households
  • creating a bigger middle income group – defined as those earning household income between RM2,000 to RM4,000 per month, is expected to increase in size and achieve a more rapid growth in income level
  • narrowing ethnic and regional disparities
  • eradicate hardcore poverty and reduce overall poverty to 2.8% by 2010

Some statistics on income tax payers

June 15th, 2008
|  Subscribe in a reader | Subscribe to poobalan.com by Email


If you earn less than RM2950 and still unmarried, you don’t pay income tax. True?

If you are married, the cut-off value is RM3200.

We have 10.5 million workers, with only one million paying tax. Our population is about 27.4 million. This indicates that less than half (~38%)of our population are salaried workers.  If we estimate another 40% as being below working age and retired, that leaves roughly 22% of the population running businesses (and some not declaring their income) who pay tax via their companies/businesses.

Only 38,000 individuals are taxed at the highest bracket (28%), meaning they should be earning above RM20,000 per month or RM250,000 per year. I suppose about 30 of them are in the cabinet. Then we can look at top management of MNC, GLC, prominent companies, etc.

The revenue from income tax comes to about RM10 billion, increasing steadily, especially since IRB revamped their systems and increased their staff.

sourced from The Star.

MIC complaints about civil service intake

June 15th, 2008
|  Subscribe in a reader | Subscribe to poobalan.com by Email


Same old story, yet again. I think if we analyse the issues discussed by MIC for last two decades, it centers around the same topics only. Sign of stagnation, inaction, inability, or continuous improvement? Which is it?

Samy:

You can hardly find an Indian employee in the state civil sector.

Anyway, this time Samy says that “Indians are grossly underrepresented even at the district and municipal council levels”. At least, those days we can find drivers, office boys, gardeners, etc in these places. But with changing times, the community may not be interested in these kind of menial jobs which lack career prospect. Having said that, even those who apply for these low-salary positions face stiff competition from the majority race.

Samy wants to meet the menteri besar and chief ministers from BN-held states to solve this problem. if I can offer a solution – force 50% of position to be given to other races (let MIC champion other communities too) for the next 5 years. this positions (ranging from all levels of jobs) cannot be filled by the privileged community under any circumstances. this will force the states to find innovative ways to promote the vacancies. No point MIC or other NGOs waste money doing more surveys and roadshow to try promot career in public sector. Let the state departments do it. End of the day, XX number of people must be hired. Make it part of the KPI of the directors.

He says that he won’t approach Pakatan-held states and says that it will be easier to work with BN states. Well, we have seen how “easy” it is to work with BN states for last few years. I think it will be easier to work with Pakatan states. Maybe Samy should give it a try indirectly, using his connections.

Meanwhile, CWC member Murugesan highlighted in his blog that:

On 8th June, 2008, the Road Transport Department or Jabatan Pengangkutan Jalan (JPJ) published the list of successful candidates for ‘Jawatan Pembantu Penguatkuasa Gred N17′ in Mingguan Malaysia.

It is alarming to note that out of 751 successful candidates, only 15 were non-Bumiputras. It constitutes less then 2% of successful candidates. Out of this, only 10 candidates or 1.3% were Indians. » Read more: MIC complaints about civil service intake

Indian population dwindling

June 12th, 2008
|  Subscribe in a reader | Subscribe to poobalan.com by Email


Make babies, not war 🙂 Hmm…you have to get married first of course!

Its not easy to raise kids nowadays. We hear stories of our parents or grandparents raising 6 or 10 children those days, but now, raising 2 children itself is a challenge due to high cost of living.

Coupled with entry of women into workforce and higher literacy rate for women, the marrying age is getting higher and higher. Marriage at age of 16 or 20 is history. Now, marriage ideas start blooming at late 20s or even early 30s. The, there’s wedding cost to think of. I doubt that a relatively simple Indian wedding can be done within 20K budget per bride/groom.

Other communities also face this problem, especially the Chinese. Some chinese guilds are offering incentives for couples to get married.

The Malays are still doing well, due to government support, larger population, polygamy, and also support for single mothers.

I don’t suppose MIC can start some of incentive, can they? 🙂


THE Indian population is on the decline and action must be taken to stop this, MIC president Datuk Seri S. Samy Vellu said, in a Tamil Nesan front-page report.

He said the current Indian population stood at 7.8% and this was expected to fall to 7% in five years.

Samy Vellu was speaking to reporters after opening Pahang MIC’s 62nd annual delegates conference in a hotel in Genting Highlands yesterday.

He said currently, the Government gave allocations based on the population of the Indian community.

source

only 5 percent SME loans approved

June 5th, 2008
|  Subscribe in a reader | Subscribe to poobalan.com by Email


Wow! if RM479.2 million is just 5%, then the total loan approved is about RM9.584 billion! Perhaps the parties concerned should provide more statistics such as number of applicants, total value of application, reasons for rejection etc. To say that just 5% approved is very bad. Does it mean lack of applications from the normal Malaysian SME businesses?

RM479.2 million/217 = average RM2.2 million per enterprise


 

THE SME Bank has approved loans, totalling RM479.2 milion, to 217 non-Bumiputera small- and medium-sized enterprises up to April. Deputy Entrepreneurial Development and Cooperative Minister Datuk Saifuddin Abdullah said the amount, however, accounted for only five per cent of the bank’s total loans to SMEs.

Saifuddin, in his reply to Senator Datuk Wong Siong Hwee, said SME Bank had been a pioneer in providing financial assistance to small and medium businesses since October 2005. He said his ministry was also helping the bank to iron out several issues which were causing delays in approving loans. » Read more: only 5 percent SME loans approved