Thursday, January 23, 2014

Traveling? Why you should buy Travel Insurance!!

Why you may serious to consider buying travel insurance...

Here are some simple example shows us why...
1) Accident happens every where anytime.... it is very costly to travel 'back' when you are in trouble. Medical evacuation costs a bomb.
2) You have paid for the trip but something happens.... sorry, no refund.
OR
3) Flight delayed.....
4) Luggage lost/misplaced....
 
Click here for Brochure from AIG, a leading international insurance company.

Contact us now, to effect the coverage is fast and easy.



How much I need to pay?


Legend:
R1 denotes Region 1
R2 denotes Region 2
R3 denotes Region 3



Monday, January 20, 2014

SME Business Loan - Common reasons of rejection

Capital or Loan is essential to running a business...... just like blood for body. Having profit for business is good but having profit as well as strong cashflow is vital. Some business have profit but no cashflow, thus facing serious problem to expand business further or paying suppliers.

Many SME complaints not easy to get loan for business expansion or working capital. Anyhow, the main reasons given including:-

1) Credibility - Bank will look at your Credit Report. Have you? Your credit report just like a Character Report, judging your character in term of repayment. Are you a good paymaster or a bad paymaster?

2) Capacity - Bank will want to know can you expand your business with their money.

3) Competency - Bank will want to know how good are you in your business.

4) Commitment - How commit you are? You can't be a RM2 company and asking bank to lend you RM200,000.

5) Communication - Will you able to communicate to the right person and right time? Talk to wrong bank or wrong banker will kill your chance to get a good loan.

There are more reasons banker will reject or reduce loan limit or impose higher interest as part of their Risk Management Policy. Remember, they are just employees to ensure their company make profit.

Unless you are big client for banks, where they offer you loan even when you don't need it, else, if you need bank loan, better talk to the expert, D-I-Y can be sometime very expensive because if you spoil the best chance you have, you might facing serious liquidity problem.




Sunday, January 19, 2014

Fire Insurance - Construction Class

For Fire Insurance, building are classified into four classes by construction type.
 a. Class 1A Construction
 b. Class 1B Construction
 c. Class 2 Construction
 d. Class 3 Construction


 Class 1A Construction 
 1. Walls
 External walls up to the eaves level (excluding windows and doors) to be :
 a. brickwork, masonry, concrete, reinforced concrete, autoclaved aerated concrete, hollow blocks, solid blocks and/or slabs not less than 100mm (4 in) thick and/or 2 hours fire resistance and/or
 b. any other materials having at least the same fire resistance of any one of the materials cited in 1 (a) above as certified by an AUTHORIZED Body.

 2. Floors
  To be constructed of reinforced concrete.

 3. Roofs
 The external covering to be entirely of non-combustible materials.

Class 1B Construction 
 1. Walls
 External walls up to the eaves level (excluding windows and doors) to be :
 a. brickwork, masonry, concrete, reinforced concrete, autoclaved aerated concrete, hollow blocks, solid blocks and/or slabs not less than 100mm (4 in) thick and/or 2 hours fire resistance and party of non-combustible materials.
  b. wholly of mixed materials such as cement-wood, cement board or any other materials having at least the same fire resistance as certified by an AUTHORIZED Body or classified in the Building Bye-Laws and plastered with cement or having cement finishing.
 
 2. Roofs

 The external covering to be entirely of non-combustible materials.

Class 2 Construction 
  1. Walls 
 External walls: 
 
 a. partly of brick, masonry, concrete, reinforced concrete, autoclaved aerated concrete, hollow blocks, solid blocks, slabs or any other materials having at least the same fire resistance as certified by an AUTHORIZED body or classified in the Building By-Laws and partly of wood or other combustible materials. 
  
 Note : To conform with this construction classification, the usage of wood or other combustible materials must not  exceed 50% of the total wall area. 
  b. of asbestos sheeting, corrugated iron, galvanized iron or other non-combustible materials. 
 
 2. Open-sided 
  a. open-sided sheds with non-combustible columns 
 b. Open-sided sheds with wall (s) constructed of non-combustible materials and with non-combustible columns. 
 
 3. Roofs 
 The external covering to be entirely of non-combustible materials. 
 
 Class 3 Construction 
 
 All other construction not conforming with Class 1A, Class 1B and Class 2 Construction 


Wednesday, January 8, 2014

Income Tax 2013. Get RM2,000 tax relief ....

Tax relief of RM2,000 if given for Year of Assessment 2013 only for
- Resident of Malaysia
- Aggregate Income less than RM96,000 for year 2013.

How much Tax Saving?
Depends on your tax bracket, up to 24% x RM2,000  = RM480

What is Aggregate Income?
Generally, Business Income + Employment Income + Dividend (taxable) + Rental Income = Aggregate Income.

Click HERE for the Exemption Order.

GST - Guide On Retailing

What is GST?
How does GST affect my business (retailing)?

Do you care? You should....
It is coming..... 1.4.2015

Click HERE for the Guide On Retailing (Business)


Saturday, January 4, 2014

遗嘱 DIY?

自己动手做-DIY?
这样啊,那撰写遗嘱是无法避免的了,就用网上或市面上的模版(Template)来自己制作(DIY)总可以吧,又可以省钱。的确,“自己动手做”是不用钱,但是,这也直接源生了另外两种问题-
(一)标准版的遗嘱模版无法处理特别要求
(二)忽略合法遗嘱法律条款的要求,进而导致遗嘱变成无效或引起更多疑惑(导致遗嘱被挑战于法庭)。单一或标准模版的遗嘱(Standard Will Template)不见得会符合每个人不同的家庭背景,个人意愿,以及当地法律的严格要求,也无法有效的去处理特别的状况和需要(Special Request)比如太太不想留遗产给丈夫或需要设立信托来管理未成人孩子的资产等等。

还有,没有被分配到遗产的 配偶或子女有权去向法庭要求得到该有的份额,这都会挑起漫长的法律诉讼,费时有费钱。不懂大马遗嘱法令的人,可能会忽略一份合法遗嘱的基本要求,让该遗嘱变成无效,和没有遗嘱的人没有两样,这不得不谨慎小心。我们该认真和谨慎的去写一份符合自己意愿和法律要求的唯一遗嘱。