To all Malaysian, if you have extra money, hurry to grap this opportunity to earn some money.

For those who miss to invest on Amanah Saham Wawasan 2020 for last 2 days, don't be dissapointed.

Amanah Saham Nasional Bhd (ASNB) has announced the addition of 1 billion new units of Amanah Saham Malaysia (ASM) for subscription from 1 Dec 2008 (Monday).

All Malaysian from aged six months and above, can invest maximum to 10,000 units per accountholder during the offer period from Dec 1 to Dec 7. Note: 1 unit = RM1.00

Employee's EPF contribution Rate reduce from 11% to 8%, effective from Jan 2009 wage for a period of two years.

what do you think? Good or bad?

According to the Deputy Prime Minister and Finance Minister YAB Datuk Seri Najib Tun Abdul Razak, the objective of this move is to help to increase the buying power to support domestic consumption and to sustain the current economic outlook.Is this mean to ask Malaysian to saving lesser and spend more money? But this statement is contradict to the 'advice' from our 'lovely' Prime Minister who ask Malaysian to keep more money, change the life style and spend wisely to face the current economy.

We had heard a lot of news from media about the EPF is not enough to suport the living after retired. Now the govenrment implement this reduction, will it cause more people will get suffer after retired?

According to EPF, start from Jan 2009, this reduction will implement automatically. For members who wish to maintain the contrubution rate at 11%, you may need to fill up a form 'KWSP 17A (AHL). Once completed, submit the form to your employers for submission to EPF.

You may download this form from EPF website from 1 Dec 08 onwards.

So you want to maintain or reduce the rate ? Please think wisely. :)

Last week I had received an email from a friend. The email content mainly is complain about EPF had cheated our money.

Why they said so? According to the email, for those who had apply for the withrawals of money from 2nd account to pay for monthly housing loan installment was cheated by EPF. The EPF will keep aside members' savings in a seperate accounts for this withrawals and EPF will not pays any dividends to the said amount.

Example: If you apply RM 50,000 for housing loan installment, monthly installment is RM800. So 1 year is RM9,600. So there are still remain RM40,400 in another account. Let say every year EPF has pay 5% interest. So RM40,400 x 5% = RM2,020. If the above statement is true, then you will lose RM2,020.

After reading this email, I quickly check at EPF website and you know what? EPF had made a statement that DIVIDEND will still pay to the balance of the said amount. So friends, sometime don't blindly believe the emails that you read. Check th truth before you made any statement that will confuse others.

You may link to EPF website to read the statement http://www.kwsp.gov.my/index.php?ch=p2news&pg=en_p2news_press&ac=2730.