In this replay of a recent webcast, Vanguard experts discuss defining charitable goals and motivations, understanding the new tax laws, and philanthropy and long-term legacy planning.
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https://investornews.vanguard/webcast-replay-maximizing-year-end-giving-in-an-evolving-tax-environment/
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You may have heard the rule of thumb about contributing to traditional vs. Roth IRAs: If you expect your marginal tax rate to be higher in the future, a Roth contribution may make sense. But if you expect your marginal tax rate to be lower, it may be better to contribute to a traditional IRA.
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https://investornews.vanguard/making-the-maximum-ira-contribution-think-roth/
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In its annual global economic and market outlook, Vanguard outlines its expectations for growth, inflation, monetary policy, and more.
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https://investornews.vanguard/vanguard-economic-and-market-outlook-for-2019-down-but-not-out/
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See how to focus on growth while maintaining a well-diversified portfolio and avoiding excessive volatility in this webcast excerpt.
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https://investornews.vanguard/how-should-you-think-about-risk/
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This webcast excerpt offers tips for finding a financial advisor you can trust, who understands your priorities, and who speaks your language.
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https://investornews.vanguard/finding-an-advisor-you-can-trust/
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KUALA LUMPUR: The Human Resources Ministry, through its agency, the Social Security Organisation (Socso), has launched the Employment Retention Programme (ERP) to assist workers who have lost their jobs.
Minister Datuk Seri M. Saravanan (pix) said the programme which was introduced as part of the 2020 Economic Stimulus Package, will be implemented through the Employment Insurance System.
“The assistance will be provided in the form of temporary financial benefits and employment services,” he said in a Public Service Announcement today.
In this connection, Kumpulan Wang Pembangunan Sumber Manusia (KWPSM) also launched a 2020 Training Stimulus Package which will benefit more than 40,000 local workers in the hotel, tourism management and air transport sectors which have been affected by Covid-19.
Saravanan reminded employers not to impose employee pay cuts or force employees to use their annual leave during the length of the government’s Movement Control Order aimed at containing Covid-19.
“It is the responsibility of employers to ensure the well-being and health of their workers,” he stressed.
The minister also called on Malaysians to abide by the Movement Control Order which took effect on March 18 and was recently extended to April 14.
“Stay calm, stay home,” he urged. – Bernama
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https://www.thesundaily.my/local/socso-launches-programme-to-assist-workers-who-have-lost-jobs-BK2185157
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KUALA LUMPUR: The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) have seized 223,000 face masks worth about RM446,000 which were hoarded and sold at over the maximum price in a raid in Kota Damansara, Petaling Jaya, near here, yesterday.
KPDNHEP enforcement division director, Datuk Iskandar Halim Sulaiman said the three-layer face masks were surreptitiously sold at RM3.50 apiece, over the maximum price of RM2 a unit.
‘’The operation was conducted following a tip off on the sale on Facebook,’’ he said in a statement today.
The suspect used Facebook to advertise the sale via WhatsApp order and delivery via post or Cash On Delivery (COD) in the Kota Damansara, Petaling Jaya area.
He said the suspect was found to have flouted Section 11 Price Control Act and Anti-Profiteering Act Act 2011 (AKHAP 2011) which provided a penalty not exceeding RM500,000 and could be fined not exceeding RM1 million for a second and subsequent offences.
The public could channel information concerning suspicious activities to KPDNHEP through the hotline 1-800-886-800 or via 03-8882 6088/6245 to the Enforcement Command Centre (ECC) or e-mel to http://e-aduan.kpdnhep.gov.my. – Bernama
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https://www.thesundaily.my/local/kpdnhep-seize-223000-face-masks-worth-rm446000-CK2185136
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KUALA LUMPUR: Malaysia is preparing a smartphone application that can track movements of individuals in an effort to curb the spread of Covid-19, according to Minister of Science, Technology and Innovation (Mosti) Khairy Jamaluddin.
He said a similar application had been launched in Singapore which has managed to successfully trace infections through the detection of close contacts.
“A few days ago, Singapore launched a mobile phone app called ‘TraceTogether’ that can track the movements of people so that in a positive case, they can look at the individual’s movement history and warn others who have been near the patient to be screened,“ he said while appearing as moderator of an online forum on Mosti’s official Facebook page today.
The forum entitled Adapting to the Challenges of Covid-19 was attended by three panelists who are fellows of the Academy of Sciences Malaysia, namely Prof Datuk Dr Awang Bulgiba Awang Mahmud (epidemiologist); Prof Shamala Devi Sekaran (immunology and virology); and Prof Dr Mahendhiran Sangaran Nair (scientific and statistical data).
Launched on March 20, the TraceTogether app can identify people who have been within 2m of Covid-19 patients for at least 30 minutes, using wireless Bluetooth technology. Its developers say the app is useful when those infected cannot recall whom they had been in close proximity with for an extended duration.
Meanwhile, Mahendhiran said the implementation of such an application must be in line with robust regulation as well as educating the public on the importance of technology and data usage in the wellness industry.
“It’s about educating the population on how the data is used, a lot of awareness, and having regulatory framework on who gets to see and use the data, on what circumstances,“ he added. – Bernama
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https://www.thesundaily.my/local/covid-19-malaysia-preparing-smartphone-application-to-track-movements-GK2185109
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GEORGE TOWN: The Penang government will issue full payments for April to June to rickshaw peddlers affected by the Covid-19 outbreak next month.
State Tourism Development, Arts, Culture and Heritage Committee chairman Yeoh Soon Hin said each rickshaw peddler would receive a sum of RM500, which included an allowance of RM300 and a one-off cash assistance of RM200.
“I have communicated with various sectors to understand the needs of the various parties and I have also conveyed the needs and recommendations to the state government to get the best help for them.
“The payout is expected to benefit about 318 peddlers,“ he said in a statement today.
The state government previously allocated RM100 a month to peddlers in the state to help those with no fixed income.
Yeoh said a total of 1,367 tour guides registered with the Ministry of Tourism, Arts and Culture would also receive a one-off cash assistance worth RM500 each.
“10,000 e-hailing drivers in Penang will also receive RM300 one-off assistance while 2,248 taxi drivers will benefit from an initial incentive payment of RM300 with an additional RM200 one-off.
“All of these assistance is part of the Penang People’s Aid Package announced by Chief Minister Chow Kon Yeow yesterday. I will continue to monitor the situation to ensure that the people and sectors that need the most help will benefit, ” he said.
Yesterday, Chow announced a RM75 million People’s Aid Package to be distributed to 15 target groups involving over 400,000 recipients who are affected by the Covid-19 pandemic. – Bernama
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https://www.thesundaily.my/local/penang-rickshaw-peddlers-to-receive-three-month-aid-payout-LK2185085
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KUALA LUMPUR: Energy and Natural Resources Minister Datuk Dr Shamsul Anuar Nasarah has expressed confidence on the preparedness of Tenaga Nasional Bhd (TNB) in revving up its capacity to meet electricity supply demand in the Peninsula during the Movement Control Order (MCO).
“I have seen the preparation made by TNB and I am very confident of their efforts. While Malaysians obey the order to stay home, TNB’s employees play an important role in ensuring that the electricity supply is stable.
“I am also informed that TNB is ready to ensure that electricity supply to hospitals, including health clinics in both urban and rural areas, is assured,“ he said in a statement issued by TNB today.
The government has decided to extend the MCO, which started on March 18, for another two weeks until April 14.
Shamsul Anuar, who visited the Southern and Metro Regional Control Centres and the National Load Dispatch Centre at the TNB headquarters in Bangsar here, said TNB plays an important role as the country find ways to contain Covid-19.
The minister was accompanied by his deputy, Ali Biju; Energy and Natural Resources Ministry secretary-general Datuk Zurinah Pawanteh, ministry deputy secretary-general Noor Afifah Abdul Razak, and Energy Commission chief operating officer Abdul Rahim Ibrahim.
Shamsul Anuar and the entourage were briefed by TNB president and chief executive officer Datuk Seri Amir Hamzah Azizan.
Since the start of the MCO, TNB has taken proactive steps by placing 79 sets of mobile generators with various capacities nationwide. Portable power sets have also been mobilised and stand ready when needed.
The electricity supply system to dedicated health centres for Covid-19 cases, including the Sungai Buloh Hospital and Kuala Lumpur Hospital, has also been strengthened. – Bernama
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https://www.thesundaily.my/local/minister-expresses-confidence-in-tnb-s-preparedness-during-mco-LK2185058
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