Unitedmy

Robert's Google+


Bitcoin is more of a digital lesson than a real money



Bitcoin started from 2009. From that day they had published numerous articles from their own website "Coinbase" about challenging the financial system. In fact, big companies are not buying their product. Amazon, Google and even gaming platform Steam never liked them.



Bitcoin is really good in marketing their strength. About transparency and security. What most of us did not know the system is slow when lots of people were using it. The team in Blockchain failed to address it cant sustain large amounts of transactions. If millions of users made transactions, Bitcoin, Ethereum, Litecoin will fail miserably. This is a certain because all of them are using Blockchain technology. 



The bank we are using today has the ability to make instant transfer. Payment never went through ? A call to bank will help.



Despite failed to woo big corporations to use their payment service and fix the loading time from a sender to receiver, they continuously creating articles in their own news network about new corporation taking up initiative to recognize highly fluctuated cryptocurrency. The value fluctuated so much it benefit investor and ward off big corporation.



Using our hard earned cash ( fiat currency) to buy cryptocurrency Bitcoin, Litecoin and Ethereum. In this era of digital wallet, they are trying to create a confusion for those slowly adapting cash to digital wallet.

Robert's Google+

Reliable and fast account opening with Rakuten Trade attracts retail investors.

You can open an account with this link >> Rakuten Trade Website <<
Or you could type in my unique link for rakuten points >> 146f3HNQYF <<

Rakuten Trade portfolio

Rakuten Trade is your best alternative for cheap stock broker in Malaysia. It is proven account can be fully opened by online activation. My account took less than 3 days. Cash account remain a first choice for Financial students, computer-savvy investors and stock newbie.



Before choosing a broker, you are required to pick the best broker that suitable for an investor. A thorough background check on Rakuten Trade, you would find approval from Security Commission and linked to Kenanga Investment.



As a small time investor fascinated by stock trading at Bursa Saham Malaysia you could own your first favorite company stock at few clicks away. Stumble upon your favorite company ? Maybank in banking sector or SP setia in construction sector or even Digi, TM, Axiata in communication industry. There are two things you can do. Work with them or buy a piece of the company and own them.



As a nominee account, you are getting the benefits of fast approval and lower brokerage fee. Besides, we are not choosing new company with no proven track record therefore no option to buy Initial public offering (IPO) company or may not be invited to Annual General Meeting (AGM).



A little bit of personal sharing about my favorite stock "Airasia". I bought it during the COVID-19 or first known as Coronavirus. Airline all around the globe were grounded due to government restriction on outbound travel. Schools were closed and even major construction site were halted. Airasia share is trading at below RM1.00 (Year 2020).



There was rumor legendary stock trader Berkshire Hathaway had sold off all airline stock due to the pandemic. He is a rich trader and is out to make profit with outstanding profile. Whereas, we buy something we like to own and hold it. In fact, Airasia is the only publicly listed airline company in Malaysia.



If you like it go and get it. It is now or never.



You can open an account with this link >> Rakuten Trade Website <<
Or you could type in my unique link for rakuten points >> 146f3HNQYF <<

Robert's Google+

Implementation of GST is vital in order to achieve high income nation in line with Malaysia Vision 2020.

Source: gst-m blogspot

Goods and Services Tax will be implemented  in the year of 2015. Effective in the month of April. It is exactly one year ahead. What should you do in this period? As a normal civilian and most of us just wait and observe.

It is really hard for us to understand how tax work especially when we were not concentrating on business class if we had taken one in the past. But, GST is not a foreign topic. Singapore has implemented it almost 10 years ago. If we look upon Singapore tax system we would have some clues. It is important to know that every nation tax system is different.


The new rate of GST will stood at 6%. What is our current Government Sales Tax rate? there are four. 5%, 10%, 20% and 25%.






1. Many countries have implemented GST

160 countries have adopted GST tax system. GST is invented by French tax official in 1950. It also can be known as Value Added Tax(VAT). Singapore adopted on the year 1994, China on the year 1980, Indonesia on the year 1985.


2. How Government benefit from GST?


Some of the Goods and Services will be included to be taxed. The current tax system (SST) has it own exemption of tax. When GST implemented, the exemption is no longer valid. One of the most significant example, Electric tariff after 200 kWh will be taxed. (This is just assumption from the author)

Do you remember the government said they will earn $$ by broaden the tax ? Your electricity bill will be taxed if it exceed 200 kWh a month. (This statement is not proven until implementation of GST)



3. How Malaysian benefit?

The revenue of GST will have obvious and direct impact to the public it would be upgrading current public infrastructure and public facility. Overall, it improve the standard of living. When people get richer, they would demand a certain standard of living

Personal Income Tax and Corporate will be reduced when GST is in effect.


4. What are the exemption in GST?

1. Public transportation : Bus fares, train fees.
2. Essential items : flour, rice sugar, chicken

5. Why abolish current SST? 

Sales and Service Tax is simply a tax system of the past. The new GST we are implementing is actually a tax system implemented by many developed countries way before 20 years ago. Tax system that has proven to stand the test of time.

Besides, government is seeking additional revenue to offset it budget deficit and reduce it dependence on revenue of Petronas.


6. How GST affect business

I am not tax expert, but from many GST custom website, it would lower cost of doing business by benefit from recovering input tax.



7. GST affect current price of goods and services

There will be increase and decrease price of goods and services. Besides that, you might find some goods and services price is still the same. I cant provide you a good and proper example. However, I am guessing KFC, Pizza Hut, McDonald and Starbuck are not interested in raising the price.

Reduction of price can be seen due to abolish double taxing in Sales and Service Tax(SST)



8. What are the public perception towards GST?

It is true that most of the Malaysian will oppose implentation of GST. They were not teach on this subject in the school or college.

Most of the public view on GST is negative based on recent study. Despite that there have been few positive article written that lower and poor income group will get lesser impact.

It is believed some of the items that previously not taxed by SST would be taxed increasing financial burden.

9. What are the advantages/benefit of GST at a large picture ?

I am guessing that when tax is implemented by stages. Each party from manufacturer till retailers will require to pay tax. That also mean authorities will have full information on the movement of Goods and Services. As a result, That would reduce red tape and greater transparency.

  
10. How it impact non Malaysian?

Tourists and foreign students in the country can claim tax. On selected outlets and prescribed RM300 goods and services purchased in the same outlet. They must travel via air transportation. Other terms and conditions apply.




More information visit at GST.com.my or Government Custom on GST at GST CUSTOM

Robert's Google+






Organizer : RHB Bank Berhad

Title : RHB Hunt for 100 Contest

Main attraction : Easy Smart Debit Card

Duration of the contest : March 5 2014 - May 5 2014

More information at RHB >> RHB "Hunt for 100


Eligibility & Requirement : 

1. 18 years old
2. RHB Easy debit card holder
3. Like their facebook page
4. Fill in registration to win prizes
5. Verification hand phone number, a text message will be sent

Robert's Google+

A very big and huge campaign by Ambank Malaysia. Winners will take away RM1,000,000 worth of Grand Giveaways

Are you interested? only the the winner with utmost knowledge has higher chances to win in every campaign organized right? Read the terms and conditions Ambank Malaysia "A New Me " Campaign TOS . The full promotion campaign page can be found at Ambank Malaysia

It is important to note that Existing Customers will be entitled to double the number of entries earned by New customers. New Customer and Existing customers of AmSignature Priority Banking Customers will be entitled to triple the number of entries.