Malaysia’s First Female Mayor Appointed

Bernama/Malaysiakini 19 Dec 2012 10:41pm

AlinahThe Selangor government today announced the appointment of Selangor Housing Board chief executive officer Alinah Ahmad as Petaling Jaya mayor effective Jan 1, next year, making her the first ever female mayor in the country.

Menteri Besar Abdul Khalid Ibrahim said, Alinah (left) replaced Mohamad Roslan Sakiman who was appointed deputy state secretary (development).

Alinah’s vast experience in administration at the state and federal level can help her be an effective mayor.  Abdul Khalid told reporters after chairing the state executive council meeting in Shah Alam, today.

On Oct 1, Mohamad Roslan was given a 24-hour notice of his transfer as deputy state secretary (development) and this has caused an uproar within the Petaling Jaya City Council (MBPJ) as well as a protest from the state government.

In his reply, the Chief Secretary to the Government, Dr Ali Hamsa, who described the transfer as a routine exercise due to a vacancy and a promotion, had agreed to put the transfer on hold for a month to enable Mohamad Roslan complete his duties.

Meanwhile, a group of 50 landowners from Kampung Baru Subang and Kampung Baru Sungai Buloh gathered in front of the Shah Alam City Council office in Shah Alam to protest against a 7.5% assessment rate increase for 2013.

Sungai Buloh resident YN Chong, 50, who headed the group, handed over a protest letter to Shah Alam mayor Mohd Jaafar Mohd Atan at his office at 10.30am.

Chong claimed that his assessment rate would increase rm2,400 this year to rm45,000next year while businessman M Ratnam Uttaya, 76, from Kampung Baru, Sungai Buloh said, the increase was inappropriate for there was hardly any improvement to the infrastructure in the area.

Comments

Anonymous #58437020
Whoever gets appointed just make sure you clean up PJ, Shah Alam and Klang and stop the bloody crime.  Folks in the Klang valley hates politicians and civil servants who dont do their job.  All you civil servants better go and do your job and stop makan gaji buta please.

Malaysiawatch4.blogspot
somehow the maths does not add up … 7.5% increase but the guy’s assessment increases from rm2,400 to rm45,000!

Nambekei 7
Alina just do your job … no need to kowtau to any politician … no need to campaign for UMNO also …

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PAYMENT METHODS & OPTIONS :-

Tax Evasion vs Tax Avoidance

compiled by Dib Mossavi

TAX EVASION is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means. Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability, and includes, in particular, dishonest tax reporting (such as declaring less income, profits or gains than actually earned; or overstating deductions).

Tax evasion is an activity commonly associated with the underground economy and one measure of the extent of tax evasion the amount of unreported income, namely the difference between the amount of income that should legally be reported to the tax authorities and the actual amount reported. There were several attempts by some governments to measure unreported income and the tax gap. The tax gap is the difference between the amount of tax legally owed and the amount actually collected by the government.

TAX AVOIDANCE on the other hand, is the legal utilization of the tax regime to one’s own advantage, to reduce the amount of tax that is payable by means that are within the law. Both tax evasion and avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that are unfavorable to a state’s tax system.

NAV – The Effect of A Capital Gain Distribution On A Fund’s Price

compiled by Dib Mossavi

If your fund is down when the market is up, the fund might have just paid a capital gain.

  • What is a capital gain? When you sell a capital asset — such as a stock or a bond — for more than you paid for it, you make a profit, or experience a capital gain. So if you buy a stock for $100 and later sell it for $120, your capital gain is $20.

    When a fund sells securities at a profit, the sale also generates a capital gain. Two types of capital gains are realized by our funds — short-term and long-term. Net short-term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. Long-term capital gain distributions are taxed at a maximum rate of 15%.

    Fund managers (the PCEF as in the case of my shares) buy and sell securities throughout the year, sometimes at a profit, sometimes at a loss. When profits outweigh losses, they accumulate and contribute to the rise of the Net Asset Value (NAV) of the fund’s shares. When that profit is paid out to shareholders, its NAV, or share price, will be reduced by the amount of the distribution.  These distributions, which typically occur once or twice a year, are made primarily for tax reasons.

    However, if you reinvest the distribution, as most shareholders do, the number of shares in your account will increase so that the total value of your account will not be affected by the distribution.

    • For example… Say a fund share sells at a NAV of $10. If sales of the fund’s securities have resulted in the fund making a capital gain distribution of $2 a share during the year, $2 will be deducted from the NAV and paid to shareholders on a specified date. On that date the fund share price will decline to $8.
    • Don’t worry — you haven’t lost any money. You still have $10 in value — $8 in the fund’s Net Asset Value, and $2 in your pocket or reinvested in the fund. And if you do automatically reinvest your capital gain distribution, it buys you additional fund shares at the new, lower price of $8. These additional shares compensate for the drop in the NAV, so the total value of your account doesn’t change. (Of course, if there is a decline in the market at the same time, you may still see a drop in the total value of your account.)

For example… If you have 100 shares in your account when the NAV is $10 a share, your account value is $1,000. If the fund pays a capital gain distribution of $2 a share (or $200, since you have 100 shares), the NAV drops to $8 a share and your original 100 shares are now worth $800. However, if you automatically reinvest your capital gain distribution, the $200 distribution buys you $200 worth of shares — at $8 per share. The distribution therefore adds 25 shares ($200 divided by $8) to your account, so you now own 125 shares worth $8 each, for a total of $1,000, which was your original account value before the capital gain distribution was paid.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

NET ASSET VALUE (NAV)

Specially dedicated to Hash Abdullah
compiled by Dib Mossavi
15 Oct 2012

The net asset value formula is used to calculate a mutual fund’s value per share. A mutual fund is a pool of investments that are divided into shares to be purchased by investors. Each share contains a weighted portion of each investment in the collective pool. The premise of grouping in this manner is to minimize risk by diversifying.

It is important to note that net asset value does not look at future dividends and growth as do other stock and bond valuation methods. The formula for net asset value only looks at the fund’s per share value based on its net assets.

The net asset value is determined by the mutual fund company and priced according to this formula. Stock and bond valuation methods are not used due to mutual funds being sold directly from the company and not through an exchange or on the secondary market. Stocks, on the other hand, are sold through bid and ask pricing on the secondary market which requires an investor to determine a share’s value to them based on expected future earnings, in which they bid accordingly.

Use of the Net Asset Value Formula

As already stated, the net asset value formula is used by a mutual fund company to determine the price of a share of a specific mutual fund. An individual investor may not find the net asset value formula particularly useful besides for the sake of knowledge. However, it is important to know how net asset value is calculated, in that expected future earnings are not considered.

Example of Net Asset Value Formula

A simple, perhaps unrealistic, example of calculating net asset value would be a mutual fund with assets of $1 million, liabilities of $100,000, and 100,000 outstanding shares. Putting this information into the variables of the net asset value formula would show :-

which would return $9 per share.

** So Hash, if you do not wish to exit during IPO, you will be grouped under the “NAV DISTRIBUTION GROUP” and receive dividends which usually takes place after they have roll out their financial reports annually (ie. prevailing  NAV returns per share multiply total number of shares you own). Apa pun, lets wait for the next news updates from PCEF.  Wallahi …..

VG Resources Limited (VGRE GXG Markets UK) Announces First Deal

6 October, 2012, London, UK

https://sites.google.com/a/vg-resources.com/vg–resources/news

The board of VG Resources Limited (VG) has today announced that VG has agreed terms with Virgin Gold Mining Corporation of Panama (VGMC) under which VG will acquire a range of assets from VGMC, specifically its corporate investment portfolio and VGMC’s participation, joint venture and development rights in a number of present and future mining ventures. For the sake of clarity, VG has emphasised that the deal with VGMC is an asset acquisition and will not entail VG acquiring any shares in VGMC.

Commenting on the deal, VG director, Bryan Cook said:

“The board of VG is very pleased to have secured the company’s first deal so soon after it was listed on GXG. This is the first step in achieving VG’s longer-term strategic plan”.

Release Ends

Additional Information:

VG Resources Limitedwas admitted to trading on GXG Markets-OTC on 27 September 2012

Its mission is to acquire one or more operating businesses through a merger, share purchase, asset acquisition, reorganization or similar transaction. Its initial efforts will be focused on businesses whose principal operation is gold mining in Central and South America. For this purpose, the term “gold mining business” includes related activities such as evaluation, exploration, development and production.

Safe Harbour Statement : The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, and other risks detailed from time to time.

For more information (press only)

VG Resources Limited Ticker Symbol:  VGRE

ISIN:  GBooB7W1CRo8

Phone number:  +44 208 819 1581

Email address: info@vg-resources.com

Admission of VG Resources Limited to the GXG OTC Market

Virgin Gold moving forward …..

http://gxgmarkets.co.uk/company/news/vg-resources-limited/%28admission-vg-resources-limited-gxg-otc-market

Gold Traders : It Could Be A Misunderstanding

Salam brothers and sisters,  following the ‘unscrupulous’ rumours dictated by Utusan Meloya’s journalists, Gold Bullion Entrepreneurs Association of Malaysia speaks up to the STAR on the facts and other rationales on gold tradings and investment portfolios.  Everything else is self explanatory ………read on to know more ….

The STAR, Friday August 10, 2012

GEORGE TOWN: Some gold trading companies could have entered Bank Negara’s consumer alert list due to a misunderstanding, said the Gold Bullion Entrepreneurs Association of Malaysia (GBEAM).

GBEAM secretary-general Datuk Joseph Kow said the misunderstanding might have occurred when some customers misunderstood the gold products they had bought from these companies.

“When they make certain queries with Bank Negara regarding their gold purchases, they could have used terms like interest and investment to describe the transactions.

“The terms investment and interest could have triggered Bank Negara’s alert system, prompting it to place these companies under its consumer alert list,” he said.   Kow was commenting on news reports about some gold trading companies that had appeared on the consumer alert list.

He explained that a gold trading company will need a banking licence from the authorities if they are selling gold as a form of investment that generates interest.   However, he said gold trading in the country had been deregulated since 1987.

“There is no need to obtain a licence or approval from Bank Negara to operate a gold trading business in the country.

“A gold trading company only needs to register with the Companies Commission of Malaysia to do business,” Kow said.

It was reported that Bank Negara has blacklisted 77 companies involved in unauthorised and illegal transactions amid reports of RM100mil being lost monthly to commercial crimes.

related link – http://thestar.com.my/news/story.asp?file=%2F2012%2F8%2F10%2Fnation%2F11832982&sec=nation

—————————————————————————————————————–

……. but sincerely ….. how much or rather how thorough were investigations conducted by the Utuan Meloya’s journalists before publishing the untruth?  Or did they acted merely based on ‘unscrupulous complaints’ to fulfill the quests of ‘selected individuals’ interests’?? ……….. VGMC have been offering its CONVERTIBLE PREFERRED SHARES since 2010 and our senior premiere shareholders have improved their domestic economic status tremendously ever since, that they are now able to contribute zakat personally within as well as out of the country without having to go thru any associations/NGOs.  Isnt this supposed to be the ultimate objective of any government for that matter?  That nations need not depend on the governing party’s subsidies and sponsorships to help develop nations and communities?  Wallahualambissawab …..

That Was A Bottom For GOLD!

by Bryton Ryle
compiled & edited by Dib Mossavi

The unthinkable actually happened in the past couple of months. The next round of currency devaluation is on!

We don’t really know what was said during the latest EU summit, and ultimately, it doesn’t matter. The result is what it is. And what it is is a promise to open the floodgates for euros to flow to Italy and Spain and whoever else needs a little – or a lot – of financial help.

In terms of sound economics (you know, where a currency’s value is determined by tangible assets and productivity), this is a disaster. The new EU accord promises plenty of cash with no equirement for budget restraint or any real plan to pay back all that loot.

For the record, we’re pretty sure Europe will eventually come up with some rules for the cash. And that will probably end up being its own high-drama event.

But that’s not the point right now…

All along, the real issue has been the very survival of the European Union. Every time Ms. Merkel dug in her fashionable heels to oppose the cash flow needs of Spain, or Italy, or Greece, it raised the stakes that the EU could fall apart. And to be fair, Greece’s repeated failure to hit budget targets had the same result.

But now, at the very least, we are seeing a commitment to the survival of the EU. And that means the euro can, and will, rally against the U.S. dollar. And the relative strength of the dollar has been the key to gold prices.

Here’s what we meant…

That was a 1-year chart of the U.S. dollar vs. the euro. As you can see, the dollar has steadily climbed in value against the euro. And as you might expect, while the dollar rallies, gold has steadily declined:

Now that the survival of the EU is more likely, the U.S. dollar won’t be as vital as a safe haven. You can expect to see money come out of U.S. Treasury bonds. You can expect oil to rally. You can expect to see the euro move back above $1.30.

But the biggest move is likely to come from gold. Because not only is there now less risk in the global economy, there will also be more cash flying around. That will lead to an overall weakening of currency and a very high probability of inflation.

Inflation and a falling U.S. dollar: that’s the formula for new highs from gold.

NEW HIGHS FOR GOLD COMING

Gold is on the verge of running above $1,600 an ounce. That is a critical level. Because once the $1,600 price level falls, we will see new all time highs for gold.

This is going to happen. The time to buy is right now.

You could buy gold coins. Or you could buy shares in the gold trust funds (check NYSE list). But the very best way to profit from the next leg of the gold bull market is to buy into some junior gold miners.

The junior gold miners have been absolutely crushed over the last year. You can pick up shares of companies that control billions of dollars worth of gold for ridiculously low prices.

We’re talking about some gold stock prices as low as 80 cents a share! It will be pretty tough to go wrong with an entry price like that. And your upside from here is tremendous.

Mark my words: gold rallies big.

Buy these gold stocks now.

Good investing,

Bank Tempatan Kena Tipu Emas Fizikal

kompilasi oleh Dib Mossavi

Berikutan updates dari komuniti Facebook VGMC HIJRAH, saya tertarik dengan artikel berikut :-

TERBUKTI SENARAI BNM DAN SSM TAK BOLE TERUS DITERIMA PAKAI SBB BANK-BANK KAT MALAYSIA PUN BOLEH KENA TIPU. SETAKAT SENARAI SSM DAN BNM TUE.. ADEHHH, HANYA NAK BAGI PANIK KAT ORG RAMAI AJER KENA TIPU LAST2 TERBUKTI MEREKA SENDIRI YG KENA TIPU..APA KESSS?!! DUIT RAKYAT JUGA YG JADI MANGSA.HUHUH