About 1 Malaysia

1.Skim Latihan 1Malaysia (SL1M – Maybank) is one of Maybank Group’s Corporate Responsibility programmes in support of the Government’s initiatives to enhance the employability of unemployed graduates.

Graduates selected for the SL1M – Maybank Programme will undergo an intensive two (2) month residential soft skills training at Maybank Academy and a six (6) month hands-on learning and on-the-job experience at various Maybank business units.

The learning outlines are targeted for the roles in frontline as well as customer facing.

2.Karisma is a policy on the well-being of the Malaysian people

General eligibility requirements:

Citizens and residing in Malaysia.

Household income does not exceed during this period, the poverty line income (PLI):

The Malaysian peninsula at 720 ringgit;

RM830 Sarawak; and

Monthly RM960 Sabah

Those who are unfortunate and based on the following factors to determine the outcome of the aid appropriateness survey Poverty:

Children / dependents who are living together (eg in dormitories, universities, etc.);

Family / family members can not head level (such as sick, sick, disabled, etc.);

From the support of family members;

According to the needs of the family and home appliances;

It is reasonable to provide the applicant / family with an overview of the financial situation and other factors of daily expenses.

 3.New applications 1Malaysia People's Aid (BR1M) in 2017 and updating of existing BR1M recipients are expected to be available from December 2016.The exact date will be updated when announced later.

Existing BR1M recipients do not need to register again, but only need to update the information related changes, such as the latest address, bank account information (savings account in the name of the applicant only), information on household members, beneficiaries, etc. information.

Malaysia budget in 2017

Malaysia budget in 2017 is expected to set aside 261 billion ringgit overhead, than last year's 256 billion ringgit, more than 2%. Among them, about 82%, or 215 billion ringgit will serve as administrative overhead, and the rest of the 47 billion ringgit, will be a net development costs. Budget focus on stimulating domestic demand and reduce 40% income populations in low-income groups (B40) and 40% (M40) under the high cost of living. The budget measures can promote economic growth, but on the stock market and listed companies, will not have the too big incentive.

 Malaysia's 2017 budget will cut the enterprise income tax in order to improve enterprise income.

Under the proposal, earning more than last year more than 5% of the enterprise, the amount of taxable income increment of parts can be based on the corporate income tax rate of 24% in Malaysia to reduce 1% tax. This discount rose 4%, the corresponding income increased by 20% or more. The tax cuts will take effect in 2017 and 2018. In addition, the government announced in the 2017 budget for the small business enterprise income tax rate decreased by 1% to 18%,at the same time the 2017 budget also enlarged the scope of preferential tax policy in the field of some, including the newly established four-star and five-star hotel investment. I think the budget policy can promote the economic growth of Malaysia.