Saturday, August 30, 2008

Public Transport for MALAYSIA not just Klang Valley please

Highlights of Budget 2009 as published by Star Online - and note that public transport plans all seem to be focused in the Klang Valley..what about the rest of the country

And just like every other Budget, we have the people who are all out to say "How Good It Is...?". Sometimes, I believe it is time that we shoot all these "ball carriers". Read it first - understand it...analyze it and then make your comments...

It is getting boring seeing how almost all BN Budgets have been GREAT --- welcomed by all (that is according to the mainstream media, of course,,,,)

Enhancing Health Services

* Excise duty specific on cigarettes increased by three sen from 15 sen per stick to 18 sen per stick. With this, the duty for a 20-stick pack of cigarettes is now increased by 60 sen.

Social Safety Net

* Eligibility criteria for welfare assistance under the Welfare Department, increased from a monthly household income of RM400 to RM720 for Peninsular Malaysia, RM830 for Sarawak and RM960 for Sabah.

* Government pensioners who had served at least 25 years upon retirement, will receive a pension of not less than RM720 per month, effective Jan 1 2009.

Prime Minister Datuk Seri Abdullah Ahmad Badawi presenting Budget 2009 to Parliament on Friday. - Starpic by Sia Hong Kiau

* The Government will now also set up a Special fund of RM25mil set up to channel financial assistance to victims of calamities such as floods and fire.

Eradicating Poverty

* Programmes to enhance income, as well as provide skills and career development training under the Skim Pembangunan Kesejahteraan Rakyat to be continued. In addition, Program Lonjakan Mega Luar Bandar is being implemented in Pulau Banggi, Sabah and Tanjung Gahai, in Kuala Lipis, Pahang.

* In 2009, RM50mil is allocated to build 1,400 new houses and repair 1,000 houses under the Housing Assistance Programme. Priority will be given to senior citizens, the disabled and single parents with many dependents as well as victims of natural disasters.

* RM580mil and RM420mil allocated for Sabah and Sarawak respectively to increase income and enhance quality of life of Malaysians there by improving basic amenities, such as electricity, water and rural roads.

* Households which incur monthly electricity bills of RM20 or less, will not have to pay for electricity, for the period from 1 October 2008 to end of 2009.

* The current tax rebate of RM350 per person be increased to RM400 for those with taxable income of RM35,000 and below.

* All interest income from savings for individuals be tax exempt.

* Reduce import duties on various consumer durables from between 10% and 60% to between 5% and 30%. These include blender, rice cooker, microwave oven and electric kettle.

Full import duty exemption on several food items, which currently attract import duties of between 2% and 20%. These include vermicelli, biscuits, fruit juices and canned sweet corn.

* Reduce the road tax on private passenger vehicles with diesel engines to be the same as those with petrol engines, effective 1 September 2008.

Enhancing The Welfare Of Employees

* Travel allowance for commuting to work provided by employers be given full tax deduction, while the employees receiving such an allowance be given tax exemption of up to RM2,400 per year.

* Tax exemption be given to employees on:

- Interest subsidies on housing, motor vehicles and education loans. The tax exemption will be limited to total loans up to RM300,000;

- Mobile phones, as well as telephone and internet bills paid by the employer;

- Staff discounts of up to RM1,000 a year on company traded goods;

- Staff discounts on services rendered by the company, such as private schools providing free education to children of their employees; and

- Childcare allowance of up to RM2,400 per year.

* Tax exemption on medical benefits provided by employers to include expenses on maternity and traditional medicine, namely acupuncture and ayurvedic.

* Effective Jan 1 2009, civil servants with a monthly household income of RM3,000 eligible for a subsidy of RM180 per month.

Improving Public Transportation

* A sum of RM35bil will be expended during the period 2009 to 2014 to improve public transportation.

* The existing LRT system in the Klang Valley will be extended by 30km, that is 15km respectively, for Kelana Jaya and Ampang lines. Upon completion in 2011, the extensions are expected to benefit 2.6 million residents in the Subang Jaya-USJ and Kinrara-Puchong areas, compared with 1.9 million currently.

* A new LRT line will be built along a 42km route from Kota Damansara to Cheras; to be completed in 2014.

* The commuter rail services of Keretapi Tanah Melayu Berhad (KTMB) will be upgraded. Rehabilitation works are being undertaken on the existing 20 Electric Multiple Units (EMUs) and are expected to be completed in 2009. An additional 13 new units of EMUs will be acquired and be operational by 2011.

* To reduce the operating costs of public transport operators:

- government will provide a soft loan facility of RM3bil under the Public Transportation Fund, administered by Bank Pembangunan Malaysia Berhad (BPMB), to finance the acquisition of buses and rail assets; and

- reduce toll charges by 50% for all buses, except at border entry points, namely Johor Causeway, Second Link and Bukit Kayu Hitam, for a period of two years, effective Sept 15 2008.

* Road tax will also be reduce to RM20 a year for all bus, taxi, car rental and limousine operators.

Food Security

* Sum of RM5.6bil is provided under the National Food Security Policy, for the period 2008 to 2010. This allocation is to provide incentives to agriculture entrepreneurs to reduce production costs and encourage higher agriculture output.

* RM300mil allocated to increase fish landings. Of this, RM180mil is in the form of cost of living allowance to fishermen and fishing boat owners, as well as RM120mil as incentive for fish landings.

* RM1bil allocation as incentives for 220,000 padi farmers throughout the country to increase padi production.

Generating Income Through Micro Credit

* RM160mil allocated to provide better education opportunities as well as improve health and basic amenities for the Orang Asli.

* A monthly allowance of RM150 to disabled who are unable to work. In addition, the monthly allowance for disabled students in special education schools, will also be increased from RM50 to RM150, while teaching assistants in these schools will be provided incentive payments of RM200 per month.

* In 2009, an allocation of RM330mil is provided to Jabatan Perumahan Negara to complete 4,400 units of Program Perumahan Rakyat (PPR) Disewa, 1,500 units of PPR Bersepadu and 600 units of PPR Dimiliki. In addition, Syarikat Perumahan Negara Berhad will build 33,000 low cost houses.

* For civil servants, tenure of new housing loans extended from 25 years to 30 years. They will also be provided housing loan facility for renovation works on houses not purchased through Government housing loan.

* For medium cost houses of up to RM250,000, a 50% stamp duty exemption is extended to the loan agreement on top of the 50% stamp duty exemption on the instrument of transfer.

* For companies contributing to charitable institutions, the limit of tax deduction be increased from 7% to 10% of aggregate income.

Improving Public Amenities

* Allocation of RM3bil to intensify efforts to further develop Sabah and Sarawak for infrastructure projects, including 266 km of federal and rural roads, benefiting more than 550,000 residents.

* An allocation of RM3.3bil is provided for Sarawak to implement various projects, including the construction of 230 km of federal and rural roads, benefiting more than 350,000 residents.

Second Strategy: Developing Quality Human Capital

* A sum of RM70mil is allocated in 2009 to train 5,600 nurses in training colleges under the Ministry of Health, with 2,000 in recognised private training colleges.

* To meet the need for new schools and replace dilapidated schools, 110 primary and 181 secondary schools will be built. In addition, to ensure that existing schools are well maintained, an allocation of RM615mil is provided.

* RM14.1bil to improve quality of learning at institutions of higher learning. Of this, RM8bil is for Operating Expenditure for public institutions of higher learning, RM627mil for polytechnics and community colleges as well as RM37mil for the Malaysian Qualification Agency.

Culture of Excellence

* The highest marginal tax rate for individuals be reduced from 28% to 27%, effective the year of assessment 2009. In addition, the marginal tax rate of 13% will also be reduced to 12%, which will benefit the middle income group.

* Recruitment costs, such as payments to employment agencies and participation in job fairs, be tax deductible.

Third Strategy: Strengthening The Nation’s Resilience

* To encourage private sector activities, tax treatment on group relief be enhanced by allowing losses for the purpose of offsetting be increased from 50% to 70%.

* An additional RM300mil under the Strategic Investment Fund to further strengthen private investment in Iskandar Malaysia.

Promoting Tourism

* New investments by 4-star and 5-star hotel operators in Sabah and Sarawak be given Pioneer Status with 100% income tax exemption or Investment Tax Allowance of 100% for 5 years.

* RM50mil for conservation works of heritage sites in Malacca and Penang to support activities undertaken by non-governmental organisations (NGOs) and private sector.

Promoting Venture Capital Companies

* Venture capital companies that invest at least 30% of their funds in start-up, early stage financing or seed capital be eligible for a 5-year tax exemption.

Promoting Small and Medium Enterprises

* All SME assets in the form of plant and machinery acquired in the years of assessment 2009 and 2010 be given Accelerated Capital Allowance to be claimed within one year. In addition, SMEs are allowed to claim full Capital Allowance on all small value assets within one year.

National Energy Plan

* Exemption of import duty and sales tax on solar photovoltaic system equipment, import duty and sales tax on intermediate goods such as High Efficiency Motors and insulation materials; sales tax on locally manufactured solar heating system equipment; sales tax on locally manufactured energy efficient consumers goods such as refrigerators, air-conditioners, lightings, fans and televisions; and 100% import duty and 50% excise duty on new hybrid CBU cars, with engine capacity below 2,000 cc, be given to franchise importers. This exemption is given for a period of two years to prepare for the local assembly of such cars.

Towards A Vibrant Capital Market

* Tax exemption be given on fees received by domestic intermediaries, which successfully list foreign companies and foreign investment products in Bursa Malaysia. This measure will also enable domestic investors to acquire shares of foreign companies listed in the local exchange.

* Current tax rate on dividends received by foreign institutional investors from Real Estate Investment Trusts (REIT) be reduced from 20% to 10%. Recognising that REITs is an attractive investment product for individuals as well, the Government also proposes a reduction in tax rate from 15% to 10%.

Ensuring Public Safety

* RM5.4bil is allocated in the 2009 Budget to enhance the capacity of the Royal Malaysian Police (PDRM). Of this, RM4.8bil is for Operating Expenditure and RM600mil for Development Expenditure.

* RM220mil is allocated in 2009 for the construction of police headquarters and stations nationwide.

* For the period 2008 to 2010, a total of 22,800 constables and 3,000 inspectors will be recruited. In addition, the special incentive allowance for PDRM personnel will be increased from RM100 to RM200 monthly, effective Jan 1 2009.

* All business premises installed with security control equipment be given Accelerated Capital Allowance, which is fully claimable within one year.

Civil Service

* A bonus of one-month salary, subject to a minimum of RM1,000 for 2008. The bonus will be paid in two instalments, namely in September and December 2008.

2 comments:

Anonymous said...

Anonymous said...

The BN Government is afraid more cans of worms will be spilled by RPK so they banned his blogsite and because of this Present Moronic Government is corrupted and dirty therefore on the pretext of helping the Rakyats, they could swindle and plunder more money from the Budget Deficit 2009 and from which with most of the deficit Money coming from Petronas. Beware that the Money allocated is for their own BN Prime Minister's and Cronies' pockets expenditure and not for helping the Rakyats. Look for example at the Crystal Mosque's and Mariner Club's Fiasco in Terengganu's Billions in Wang Ehsan, Billions had been lost as white elephants. Also Johore's Scenic Bridge, Penang's Second Bridge & LRT Projects are canceled at their whims and fancies at the last minutes and this very scenarios could happen again despite being the promised Projects in the Budget 2009 as anything could happen last minutes with the Flip Flop, Incompetent and Sleeping PeeM in Power.
The same could happen to all the empty promises of aid and help to the Rakyats these could all be lip service only unless it is monitored by reputable NGOs. On the irreversible Food Prices inflation, the unnecessary Moronic previous price hike on Petrol & Diesel had caused great permanent damage to the Food Price Structure and even if the price cut to Petrol and Diesel revert to their original prices prior to their hike, it will not revert the Food prices back to their original state and only the PeeM is to be solely blamed for his unwarranted Fuel Price Hike. His 2009 budget did not help the Rakyats' quelled their immediate hardship suffered nor did that help them solve their Transport Problems immediately with multiple schemes but none available immediately with all the empty rhoterics but nothing concrete that could solve their immediate problems after years of neglect from this incompetent sleeping PeeM. Come Sept 16, 2008 send him home to sleep forever he is no longer needed.

Anonymous said...

Anonymous said...

The BN Government is afraid more cans of worms will be spilled by RPK so they banned his blogsite and because of this Present Moronic Government is corrupted and dirty therefore on the pretext of helping the Rakyats, they could swindle and plunder more money from the Budget Deficit 2009 and from which with most of the deficit Money coming from Petronas. Beware that the Money allocated is for their own BN Prime Minister's and Cronies' pockets expenditure and not for helping the Rakyats. Look for example at the Crystal Mosque's and Mariner Club's Fiasco in Terengganu's Billions in Wang Ehsan, Billions had been lost as white elephants. Also Johore's Scenic Bridge, Penang's Second Bridge & LRT Projects are canceled at their whims and fancies at the last minutes and this very scenarios could happen again despite being the promised Projects in the Budget 2009 as anything could happen last minutes with the Flip Flop, Incompetent and Sleeping PeeM in Power.
The same could happen to all the empty promises of aid and help to the Rakyats these could all be lip service only unless it is monitored by reputable NGOs. On the irreversible Food Prices inflation, the unnecessary Moronic previous price hike on Petrol & Diesel had caused great permanent damage to the Food Price Structure and even if the price cut to Petrol and Diesel revert to their original prices prior to their hike, it will not revert the Food prices back to their original state and only the PeeM is to be solely blamed for his unwarranted Fuel Price Hike. His 2009 budget did not help the Rakyats' quelled their immediate hardship suffered nor did that help them solve their Transport Problems immediately with multiple schemes but none available immediately with all the empty rhoterics but nothing concrete that could solve their immediate problems after years of neglect from this incompetent sleeping PeeM. Come Sept 16, 2008 send him home to sleep forever he is no longer needed.