Tag Archives: Malaysia

Malaysia Public Holiday 2012

We, Malaysian, are very lucky because we have one of the highest number of state and national holidays in the world.

Malaysian State & National Holidays 2012

DatesEventsFor
1 January
Sunday
New YearAll states except Johor, Kedah, Kelantan, Perlis & Trengganu
14 January
Saturday
Yang di-Pertuan Besar Negeri Sembilan’s BirthdayNegeri Sembilan only
15 January
Sunday
Sultan of Kedah’s BirthdayKedah only
23 January
Monday
Chinese New YearNationwide
24 January
Tuesday
Chinese New Year (2nd Day)All states except Kelantan and Trengganu
1 February
Wednesday
Federal Territory DayFederal Territory of Kuala Lumpur, Labuan & Putrajaya only
5 February
Sunday
Prophet Muhammad’s Birthday
(Maulidur Rasul)
Nationwide
7 February
Tuesday
ThaipusamKuala Lumpur, Putrajaya, Johor, Negeri Sembilan, Perak, Penang & Selangor only
4 March
Sunday
Anniversary of Installation of Sultan of TrengganuTrengganu only
6 April
Friday
Good FridaySabah & Sarawak only
15 April
Sunday
Declaration of Malacca as a Historical CityMalacca only
19 April
Thursday
Sultan of Perak’s BirthdayPerak only
1 May
Tuesday
Labour DayNationwide
7May
Monday
Hari Hol PahangPahang only
5 May
Saturday
Wesak DayNationwide
17 May
Thursday
Raja Perlis’ BirthdayPerlis only
30- 31 May
Wed & Thu
Harvest Festival Pesta Kaamatan SabahSabah & Labuan only
1 – 2 June
Fri & Sat
Sarawak Harvest Festival Hari Gawai SarawakSarawak only
2 June
Saturday
Malaysian King’s Birthday Harijadi AgongNationwide
17 June
Sunday
Israk & MikrajKedah, Negeri Sembilan & Perlis only
7 July
Saturday
Georgetown Heritage DayPenang
7 July
Saturday
Penang Governor’s BirthdayPenang only
20 July
Friday
Sultan of Trengganu’s BirthdayTrengganu only
21 July
Saturday
Awal Ramadan Start of Muslim fasting month (bulan Puasa)Johor, Kedah & Malacca only
6 August
Monday
Nuzul Al-QuranKelantan, Pahang, Perak, Perlis, Penang, Selangor & Trengganu only
19 – 20 Aug
Sun & Mon
Hari Raya Puasa *Nationwide
31 August
Friday
National Independence Day MerdekaNationwide
9 September
Sunday
Sarawak Governor’s BirthdaySarawak Only
16 September
Sunday
Malaysia Day & Sabah Governor’s BirthdayNationwide
Sabah
14 October
Saturday
Malacca Governor’s BirthdayMalacca only
24 October
Wednesday
Sultan of Pahang’s BirthdayPahang only
26 October
Friday
Hari Raya Haji *
Hari Raya Qurban
Nationwide
27 October
Saturday
Hari Raya Haji (2nd Day) *
Hari Raya Qurban
Kedah, Kelantan, Perlis & Trengganu Only
11 November
Sunday
Sultan of Kelantan’s BirthdayKelantan only
13 November
Tuesday
Deepavali or DiwaliNationwide, except for Sarawak
15 November
Thursday
Awal Muharram
(Maal Hijrah)
Nationwide
22 November
Thursday
Sultan of Johor’s BirthdayJohor only
11 December
Tuesday
Sultan of Selangor’s BirthdaySelangor only
25 December
Tuesday
ChristmasNationwide

* Subject to change – depending on the sighting of the new moon

 

Malaysia Budget 2012

Highlights of Budget 2012 tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament Friday (7th Oct 2011).

  1. Last year our FDI growth was the strongest in Asia and in the first 6 months of this year have already reached RM21.2bil
  2. In 2012, private investment is forecast to climb 15.9%, supported by foreign and domestic investment
  3. GDP in the first 6 months of 2011 was 4.4%, driven by strong domestic consumption
  4. In 2011, the economy is forecast to grow by 5-5.5%
  5. Private and public investment are forecast to increase by 15.9% and 7%, supported by foreign investment, the ETP and 10MP
  6. In 2012, the service sector is expected to grow 6.5%, the construction sector 7% and GDP is forecast to be between 5 and 6%
  7. Budget 2012 allocates RM232.8bil for Government plans, including RM181.6bil for management and RM51.2bil for development
  8. RM29.8bil has been allocated for investment in infrastructure, industrial and rural development
  9. RM13.6bil has been allocated for the social sector, including education and training, welfare, housing and community development
  10. Total revenue for 2012 is forecast to increase 1.9% to RM186.9bil and the deficit to decrease to 4.7% of GDP from 5.4% in 2011
  11. The theme for Budget 2012 is “National Transformation Policy: Welfare for the Rakyat, Well-Being of the Nation”
  12. We will focus on accelerating investment and further liberalise 17 services sub-sectors, in places enabling 100% foreign equity.
  13. RP2 will be implemented in 2012, and it will be allocated RM98.4bil, to be split evenly between 2012 & 2013
  14. RP2 main projects will include the East Coast Highway from Jabor to T’ganu and road upgrades from Kota Marudu to Ranau
  15. RM18bil of the RM20bil PPP Facilitation Fund will be used for high impact projects, with RM2 billion for bumiputera entrepreneurs
  16. In 2012, the Government will allocate RM978mil to accelerate the development in five regional corridors
  17. The Treasury Management Centre will be established and offer incentives to develop M’sia as a competitive financial centre
  18. We will develop the Kuala Lumpur International Financial District, with incentives including income tax exemptions for firms
  19. We will develop the Kuala Lumpur International Financial District, with incentives including income tax exemptions for firms
  20. Income tax exemptions for non-ringgit sukuk issuance and transactions will be extended for another 3 years
  21. To promote the development of Exchange Traded Funds products I-VCAP will provide RM200mil for Shariah-compliant ETFs
  22. Felda GVH will be listed on Bursa Malaysia by mid-2012 to raise funds for the company to become a global conglomerate. Felda settlers are expected to receive a windfall, and the amount will be announced before listing
  23. A RM2bil shariah-compliant SME Financing Fund managed by selected Islamic banks will be established in 2012
  24. A RM100mil SME Revitalisation Fund offering loans up to a maximum of RM1mil for entrepreneurs will be available from Jan 2012
  25. Full exemption of import duty and excise duty on hybrid cars and electric cars will continue to be given until 2013
  26. To promote tourism, the Langkawi Five Year Tourism Development Master Plan will be launched with an allocation of RM420mil
  27. The real property gains tax will be reviewed so it doesn’t jeopardise the ability of low- and middle-income groups to buy homes
  28. The Malaysia Healthcare Travel Council will be privatised to promote and develop Malaysia as a healthcare destination
  29. Budget focuses on developing human capital, creativity and innovation and 2012 will be the National Innovation Movement year
  30. The Govt has allocated RM100mil promote innovation including the 1Malaysia Award (C1PTA) for innovative student inventions
  31. To enable SMEs to commercialise research products a Commercialisation Innovation Fund totalling RM500mil will be established
  32. RM50.2bil will be allocated to the education sector so that it can continue to develop talented, creative and innovative people
  33. RM1bil will be provided through a special fund for the construction, improvement and maintenance of schools
  34. We will abolish payments for primary and secondary education, making these free for the first time in our history
  35. Private schools registered with the Education Ministry will be given incentives including an Investment Tax Allowance
  36. The Govt will give tax exemption for contributions to educational institutions and all places of worship
  37. To encourage private sector human capital development incentives including a double deduction on scholarships will be offered
  38. Budget 2012 introduces a Rural Transformation Programme, so that rural areas can attract private investment and create employment
  39. RM5bil to develop rural infrastructure, including RM1.8bil to the Rural Road Programme & Village-Link Road Project
  40. RM500mil to expand the programme to supply clean water to the rural community in Sabah
  41. RM400mil to upgrade the water supply infrastructure in selected Felda areas
  42. To provide greater access to bank services for the rural population, Bank Simpanan Nasional will appoint agents in rural areas
  43. RM90mil for the Orang Asli for basic necessities, including the expansion of the clean water supply project. For the Orang Asli affected by the landslides at Sungai Ruil, RM20mil is provided for their relocation to new homes
  44. 600,000 Govt pensioners will benefit from an additional annual pension increment of 2%
  45. Civil servants get pay rise between RM80 to RM320
  46. Govt will extend the compulsory retirement age from 58 to 60 years old to optimise civil servants’ contribution
  47. Civil servants will be offered tuition fee assistance for part-time studies, including 5,000 masters and 500 doctoral scholarships
  48. A special programme will be introduced for 175,000 army personnel who are not eligible for pensions
  49. RM3,000 will be given to ex-members of the special constable and auxiliary police as well as widows and widowers
  50. The Govt is mindful of the plight of the rakyat due to rising food prices and will take measures to address this
  51. The National Agro-Food Policy 2011-2020 will be launched and RM1.1bil allocated for the development of the agriculture sector
  52. In the spirit of “People First,” all subsidies, incentives and assistance totalling RM33.2bil will be continued
  53. 500,000 will benefit from KAR1SMA, which provides assistance to poor senior citizens and children and disabled people
  54. My First Home Scheme will be expanded to increase the limit of house prices from a maximum of RM220,000 to RM400,000
  55. Govt will identify areas in the vicinity of MRT, LRT and other public transport to be developed by PR1MA
  56. Govt will continue to implement the Program Perumahan Rakyat by building 75,000 units of affordable houses
  57. Govt will establish the Special Housing Fund for Fishermen to build and refurbish houses
  58. Healthcare will be allocated RM15bil operating expenditure and RM1.8bil development expenditure
  59. Hospitals will be upgraded and constructed as well 81 rural health clinics upgraded and 50 new 1Malaysia clinics launched
  60. Hospital Kuala Lumpur – the oldest in Malaysia – will be upgraded to be the country’s premier hospital
  61. Skim Amanah Rakyat (SARA) 1Malaysia will benefit 100,000 households with income below RM3,000 per month
  62. To assist taxi owners facing increased operating costs, measures will be introduced including tax exemptions on taxi purchases
  63. The National Legal Aid Foundation will ensure that every individual who is charged in court will be given free legal aid
  64. To assist the homeless, the Govt established a social assistance centre known as Anjung Singgah
  65. A training allocation of RM10mil will be provided for women to develop leadership and managerial skills
  66. To prevent cervical cancer, the Government will provide free Human Papilloma Virus immunisation nationwide
  67. MyCreative Venture Capital with an initial fund of RM200mil to be established
  68. RM15mil will be allocated to build 150 futsal courts to achieve the “One Court for One Mukim” target
  69. To ensure the welfare of retirees measures including a tax relief on Private Retirement Schemes contributions are introduced
  70. Senior citizens aged 60 years & above will be exempted from outpatient registration fees in Govt hospitals & health clinics
  71. One-off assistance of RM500 to households with a monthly income of RM3,000 and below will be provided
  72. For those in private sector earning RM5000 and below, employers’ EPF contribution will increase from 12% to 13%
  73. Book voucher worth RM200 will be given to Malaysian students in all private and public institutions of higher learning
  74. Civil servants will be given an additional bonus of half-month salary and pensioners RM500

You can download the full version of Budget 2011 here

Base Lending Rates – Updated 16/05/2011

Base Lending Rates – Updated 16/05/2011

No.Banking InstitutionWith Effect FromBLR (% p.a.)
1Affin Bank Berhad12/05/20116.60
2Alliance Bank Malaysia Berhad13/05/20116.60
3Alliance Islamic Bank Berhad13/07/20106.30
4AmBank (M) Berhad13/05/20116.60
5Bangkok Bank Berhad13/05/20116.60
6Bank of America Malaysia Berhad13/07/20106.30
7Bank of China (Malaysia) Berhad12/05/20116.55
8Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad11/05/20116.25
9CIMB Bank Berhad11/05/20116.60
10Citibank Berhad16/05/20116.60
11Deutsche Bank (Malaysia) Berhad13/05/20116.50
12EON Bank Berhad13/05/20116.60
13Hong Leong Bank Berhad13/05/20116.60
14HSBC Bank Malaysia Berhad12/05/20116.60
15J.P. Morgan Chase Bank Berhad15/07/20106.20
16Malayan Banking Berhad11/05/20116.60
17OCBC Bank (Malaysia) Berhad12/05/20116.60
18Public Bank Berhad11/05/20116.60
19RHB Bank Berhad11/05/20116.60
20Standard Chartered Bank Malaysia Berhad13/05/20116.60
21The Bank of Nova Scotia Berhad16/05/20116.60
22The Royal Bank of Scotland Berhad15/07/20106.00
23United Overseas Bank (Malaysia) Berhad12/05/20116.60

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