Malaysian Budget 2010 : What is there for me ?

Every year this time round, our PM will announce the budget for 2010 and everyone is expecting goodies to be splashed out....but this time round, there may still some goodies for us as follow;

a) Personal tax top bracket will be reduced by 1% from 27% to 26%....(though I have not reached the top bracket as yet but this will spur more actions to reach to the top !)
b) Increased of personal relief (yes, I need that to gain more savings)

c) Increased on insurance relief (yes, then can buy more protection especially critical illness programme)
d) Tax deduction for broadband services up to RM500 for the period 2010-2012 (aha...good for my streamyx and maxis).

Anymore huh ? I have not seen the full fledge of the budget report...actually every year, I also do not take real time to read the full report except going through the main features. This time round, I must get the full report for good learning.

As for the negatives news from the budget for individual;

1) I have just learned that many friends had decided the main two credit cards to be retained and had cancelled those extras. This is an important consideration move as effective Jan 2010, every card will be charged RM50 (except supplementary at RM25 per card). I can imagine the huge revenue that could be generated for government i.e 1,000,000 people x 2 cards x 50 = RM100,000,000.

I have to decide which are my main two cards soon...but let's see what is the response from the bankers ?

2) Property gain tax - 5%. Luckily I sold my house last year after 6 months on sales when the government abolish the tax two years back. Though, I did not have actual gain when I add my renovation into the total sale value but in the official records, my buying price is definitely lower than the selling price. So, guess need to add in this 5% extra if we want to sale our property.

More to come ??

MGB celebrates Birthday...

I had wanted to blog my appreciation yesterday to mark more meaningful reflection but my IE6 was having problem since the last time the IE8 programme gave way, I have not reloaded the new Ie8....

The past one week has been very meaningful as my family and friends were cheering and wishing me many happy return on this beautiful occasion although my mind was very hook up to my review meeting presentation and business challenges ahead.

My branch colleagues has been wonderful bunch of people managed to pull another trick to celebrate with me last Friday as they know that I will on week long travelling to outstations. Their blessings walk way back to the first time when we were together (although not all of them as many are new faces) in 1997. Each year, they will sing and we will exchange our wishes during our birthday, a simple act but full of meaning as we meant what we wish.

Then, on Saturday, my family (inclusive my 3rd brother and his army) came to my home to celebrate with me. My darling wife has been so wonderful preparing the whole day on the food and taking care of my kids whilst I was in office on Saturday to conduct meetings till late 3pm as also to prepare my last lap performance.

On the eve of my birthday, I am "touch" with shocking celebration arranged by my CEO/CBO together with all the senior management (50 plus people) inclusive of my company directors singing their wishes to me. It is indeed a fantastic moment...

This celebration continues with my CBO and few friends who have waited for the clock to reach 12 midnight, to sing another round of wishes...they are just been so wonderful pals...

Thank you for all the blessings I have received from your wishes and I thank all of you for your friendship and love as I wish for you on my birthday, to receive good health, prosperity and divine blessing in every moment of your life....