I wonder if we have to pay tax for the money earn from Adsense. Well I make some research on this on the net and i get a couple of useful information from Malaysian Adsense earner themselves. Some of the verdicts I found online.

The Inland Revenue Board of Malaysia stated that if the profit that gain from foreign country is exempted from tax. Which means Adsense profit no need to pay tax.

Google Inc is from United States. So its a foreign country. We no need to pay..Hurray!!

If you pay tax on Google Adsense income in the US then you don't need to pay tax in Malaysia on that money because that come under a double taxation agreement

But can we file our tax under US goverment? No way!!

If the work to earn the money is carried out here (building the site, maintaining the site, handling the finances, etc.) then the money can be considered earn here and hence you must pay Malaysian tax on it?

Our blogging activities is carried out in Malaysia and money also transacted into our Malaysia accounts. Mean we have to pay!!

The conclusions is, whether to pay or not to pay is up to yourself. If you are not buying into properties or car, maybe you probably will not be audited by the Inland Revenue Board. Anyway I advise you to consult your professional tax consultant.

(Read more inside ..)

Malaysia’s economy contracted at a slower pace of 3.9% for the second quarter ended June 30 (Q2) compared to a year ago as the effects of the fiscal measures totalling RM67bil by the Government begin to kick in.

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said at a media briefing Wednesday that the country’s gross domestic product (GDP) contracted 3.9% compared to a contraction of 6.2% in Q1. Economists in a Bloomberg survey expected a 5% contraction.
Zeti said the slower pace of contraction was due to higher public spending and positive growth in private consumption.

However, she said growth continued to be affected by weak external demand, which saw a drop of 26.3% following a fall of 20% in Q1 on weaker demand for manufactured goods from major trading partners and exports contracting significantly by 40.6%.

“We expect Q3 to show further improvement as the pace of decline slows and we expect Q4 to show positive growth,” Zeti said, adding that data pointed to a stabilising economic environment going forward. (Read more inside ..)

Written by Chan Kok Leong
Friday, 31 July 2009 11:39

KUALA LUMPUR: The Prime Minister launched the Amanah Saham 1Malaysia fund managed by Permodalan Nasional Bhd (PNB) on July 31.

"Besides helping elevate the socio-economic status of fund investors, it is hoped that the fund can stimulate the economy," said Datuk Seri Najib Razak during the launch this morning.

The 10 billion unit fund is a fixed price equity priced at RM1 per unit, the biggest PNB fund so far.

The 1Malaysia fund, which will be available for sales for 30 days from Aug 5 to Sept 3, 2009.

To ensure wider participation, the maximum investment limit has been set at 50,000 units per account holder for those aged between 18 and 55.

The investment limit for those above 55 is set at 100,000 units. The maximum limit, however, will be void after the offer period. Redemption of units during the offer period is not permissible.

During the offer period, subscription of the units is subject to an allocation of 50% for Bumiputera, 30% for Chinese, 15% for Indians and the remainder for other minority groups.

Explaining the rationale, Najib said: "It is our desire to see the fund be made available to all Malaysians in accordance to the country's ethnic tabulation demography".

The fund will be made available at all ASNB, Pos Malaysia, Maybank, CIMB Bank and RHB Bank branches. There is no sales charge during the offer period.

PNB, Maybank, RHB Bank and Pos Malaysia will jointly contribute 100 free units to 50,000 first-year undergraduates at public higher learning institutions in the 2009 academic year. (Read more inside ..)

I really have to recommend this book by KCLau. I bought this book yesterday it and i finish reading in just one day, too interesting to stop. Top Money Tips for Malaysians is a personal finance book that’s packed with money tips and tricks especially for Malaysians.


Most personal finance books teach you how to get your financial matters in good shape through perseverance and hard work. This book is actually not one of those.What you will learn here are simple and easy tricks that require minimum effort.


You will discover:

* How to think in terms of “money” and “time”
* How to get your first car free
* How to manoeuvre your mortgage
* How to gain the maximum from your insurance policies and many more money tips

Kclau offer down to earth advises about financial tip that is really truly applied to all Malaysians. Get a copy now from your nearest bookstore. (Read more inside ..)

If you want to know the latest up-to-date financial news about Malaysia. Stay with me, I will bring you the most relevant information that you ever need to know.

(Read more inside ..)

Found this website to check on how much your site is worth. URL is http://www.websiteoutlook.com/ . For example i put in our local newspaper website (www.thestar.com.my) see how much its worth.

WOW!! Its worth USD1.17 Million with daily ad revenue of USD1600. This is call the power of advertising!! So you think you can beat this figure?? (Read more inside ..)

Wanna share with you all. Here is a handful of the central ones. They aren't easy: this is a competitive game.

1. The key to investing is found in this rule: buy a share as though you were buying the whole company.

To do that, you have to know what the enterprise is worth. Therefore, the investor should live in the world of companies, never of mathematical formulae.

In the latest annual meeting of Berkshire Hathaway, Buffett's company, his partner Charles Munger put it this way: "The worst decisions are often made with the most formal projections. They look so professional that you begin to believe the numbers are reality.

"You are taken in by the false precision. Business schools teach this stuff because they have to teach something."

2. A recent heresy is that market volatility equals risk. Quite the contrary!

For a serious investor, volatility creates opportunity. To use my own language, investment opportunity consists of the difference between reality and perception. High volatility increases that difference, and thus increases opportunity for the knowledgeable investor.

Mr Buffett says sardonically that he favours the dotty "efficient market theory" because it creates more opportunities for him.

3. As to growth versus value, Mr Buffett observes that "value" should include projected growth, notably "growth at a reasonable price" or Garp.

He looks for companies with a business "moat" around them that should have steady, reasonably predictable growth.

Perhaps a better phraseology for the growth versus value dichotomy might be "high growth" versus "bargain hunting". The analytical techniques, and investor temperaments, in the two approaches are quite different. One calls for a futurologist, the other for an accountant.

That said, for a taxpaying investor long-term growth is more convenient and more tax-efficient than seeking one bargain after another.

4. High technology, most emerging markets, leveraged buyouts, real estate and other hard to appraise exotica might as well not exist for Mr Buffett.

He follows the safest approach: stick to what you know best. However, many approaches are valid. Your advantage will be the extent to which your knowledge of a valid situation exceeds the market's.

It makes little difference how broad your knowledge is. One correct investment decision is as valuable as another. Mr Buffett says that one should only seek a handful of really big ideas in one's investing career. The key is to be right when you do decide, not to flutter about spreading yourself thin.

5. Investing in bad industries, or turnarounds, usually doesn't work.

A skilled surgeon can excise a tumour but to revive a moribund patient requires a magician. The princess hopes that when she kisses the toad a beautiful prince will spring up. In fact, alas, she will probably end up awash in toads.

6. Businesses that generate cash that they can reinvest at high rates of return over long periods are particularly attractive holdings.

Low-margin businesses that periodically call for more cash from their investors, which they can only invest at a modest rate of return, are a dismal affair. Differently put, if all else is the same, feel free to marry an heiress rather than a pauper.

7. Don't sell a great stock just because it has doubled.

It could be better value afterwards than it was before. The greatest stocks may go up 20 or even 100 times in a generation or two.

Peter Lynch, who built up Fidelity's Magellan fund, points out that the deluded policy of "rebalancing" more or less automatically because a stock has risen is a lot like pulling out the flowers in the garden and watering the weeds. Don't do it!

8. A grave corporate folly is offering your own underpriced stock for the fully valued stock of an acquisition candidate.

In that scenario, instead of paying 50p for £1 of value, you are paying £1 for 50p of value. Lunacy! Still, such situations are often generated by the megalomania of chief executives.

9. Avoid long-term bonds.

"We are bound to have inflation, given current policies. There are a lot of incentives for politicians in all countries to inflate their currencies," Mr Buffett says.

10. To do superlatively well, an investor, like a company manager, must be a fanatic.

By relentless concentration, Mr Buffett has moved billions of dollars from other people's pockets into his own. Alas, he doesn't enjoy what money can buy. He's a miser.

Once, offered a glass of good wine at a dinner, he said: "Just hand me the money." So, it may be helpful in business terms to be that focused, but not necessarily in human terms.

Still, to preserve capital, which is difficult, one should understand the principles, and Mr Buffett's are all good ones.



"The Midas Touch" by John Train is published by Harriman House. Mr Train founded Train Smith Investment Counsel and he has written hundreds of columns for the Wall Street Journal, the New York Times and Forbes magazine. Apart from "The Midas Touch", his best-selling books include "The Craft of Investing", "The Money Masters" and "The New Money Masters".


http://www.telegraph.co.uk/finance/personalfinance/investing/5708407/How-to-invest-like-Warren-Buffett.html

(Read more inside ..)

written by Joseph Chin

KUALA LUMPUR:OILCORP BHD []'s subsidiary has secured a two-year fabrication and CONSTRUCTION [] job from Carigali Hess for its brownfield retrofit project, with the first package valued at RM36 million.

Oilcorp said its subsidiary Oilfab Sdn. Bhd would provide the project management team and also the onshore fabrication, logistics support, offshore hook-up and construction and commissioning.

"The project is a unit rate contract based on measurement of work done and agreed unit rates. The contract shall be valid for the initial period of two years followed by an option to renew for another 2 years and thereafter another option for a further one year," it said.

Oilcorp said the contract was expected to contribute positively to the earnings and the net assets of the group for the financial years ending Dec 31, 2009 to 2013, provided both extension options are exercised by Carigali Hess. (Read more inside ..)

Written by Theedgemalaysia.com

KUALA LUMPUR: The securities of PILECON ENGINEERING BHD [] and GOLDEN PLUS HOLDINGS BHD [] (GPlus) will continue to be suspended, given the companies' failure to submit their quarterly financial results.

Pilecon has failed to submit its quarterly report for the financial period ended June 30, 2009. The company's securities that have been halted for trading since Dec 5, 2008, will continue to be suspended, it said in a statement today.

Meanwhile, trading on GPlus shares has been suspended since Aug 3, 2009, due to the company's earlier failure to issue its annual audited financial statements for the financial year ended Dec 31, 2008.

The suspension of the counter would continue after the company failed to submit its quarterly report for the three-month period ended June 30, 2009, by the Aug 31 deadline. (Read more inside ..)

1. Content

Content plays a major role in getting blog readers. Your content must be interesting, informative, focus, and helpful.Content must be unique too as people easily search for your unique content using search engine. You also can contribute article to Squidoo Lens. The outcome would be increase in back links and traffics.

 2. Blog template

 Choose a suitable template that reflects blogger's aesthetic. Birds of a feather flock together, you will attract similar kind of people to stay. It could be a good topic to discuss on how you choose the template and how it has brought to you either in traffic or readership. You lead the conversion !

3. Social blogger community

Bloggers have the tendency to follow on blogs that improve their template, widgets, good content to improve their content/ pagerank/ tips/ tricks, etc. Conversion is high in this area. Some of the social blogger communities are blogcatalog.com and bloggerunited.com

4. Traffic analytics

Analyse the traffic, understand why they leave and the reason they stay on. Readership retention is very important. Google analytics is a good tool in this area. By understanding your customers, you could write relevant articles, launch campaigns, and selling relevant ads.

5. Digg and stumbleupon, etc

Needless to say, you should have familiarize yourself with these services, which expose your blog and articles to the broad internet world. Now you have the traffic, and you need much effort to convert and retain them.

6. RSS and Freebies

Everyone enjoys freebies but not everyone loves RSS feed. IT is your job to discover freebies and tie it with RSS feed. Conversion rate is high. I have a post which introduce free magazine, and it is one of the top visited post i have. By the way, i am looking for a RSS function that allows me to let readers to register for RSS and get a freebie after that, any idea? Can feedburner does that? Read this: The Secret: Increase traffic by RSS submission, FREE !

7. Widgets

Widgets represent the functionality of your blog. A set of widgets with proper arrangement will promote your posts and ease the registration to become RSS reader or blog follower. Read this: The Secret: 6 widgets in my blog that increase traffic ! Remember, conversion rate is THE thing.

8. Comments

Comment in relevant topics on other blogs with your own, distinctive view. You will get what you want at the end.

9. Become blog follower.

Howto ? There is a widget in Blogger, add yourself to become a follower, by the way, bloggers can get to know how many blogs under you and in return they might become your follower too.

10. Twitter

Twitter is the latest trend of the online communnity in getting readership. Try to convert them with your updates. Check out the widget i put up in my blog, it is at the most right side bar. I got a number of followers from there

(Read more inside ..)

When you finished building your website, the next thing you need  to do is to let people know that your site existed. Therefore your site must be searchable through the search engine. Below are list of search engine submission page for your URL

Google: http://www.google.com/addurl/
Yahoo: http://siteexplorer.search.yahoo.com/submit 

Bing: http://www.bing.com/docs/submit.aspx
Alexa: http://www.alexa.com/help/webmasters

You have to be patient after submitted your URL, because your site is not going to show up in their search straight away. Probably you have to wait for days or even weeks, but dont give up and at the same time continue adding contents to your site because the more contents you have, the higher will be your ranking.

(Read more inside ..)

In order to start earning money from advertisers, you need to have a website to publish about something. Website with only advertisement or search panel will not work with Google Adsense. Therefore you need to know what are you going to blog about. The topic that you choose must be something you are passionate about (for eg it is your hobbies). Below are some ideas to help you get started

·         Making Money

·         Property Investment

·         Expensive hobbies like golf

·         Antiques

·         Raising Finance/Debt solutions

·         Internet Marketing

·         Stocks & Shares

·         Beauty & Cosmetic Surgery

·         Marraiga Dating & Sex tips

·         Science Fiction such as Star Trek memorabilia

·         Classic or modified cars

·         Boating & Yachting

·         Fishing & Angling

·         Hollywood & Celebrity Gossip

·         Coin & Stamp Collections and latest prices

·         Aeroplane and train spotting clubs

·         Weight Loss

·         eBay

·         Cult or fad stuff like scientology

·         Exercise, health and keeping fit

·         Fashion & Clothing

·         Specific businesses such as farming, car retailing etc. where there are trade journals already in existence

·         Interior decorating

·         Casino and card game clubs and tips

·         Other gambling sites such as horse racing or dogs

·         Self development and Psychology

·         Religious groups and communities with a fund raising element

·         Pet sites specific to a type of pet or breed

·         Student sites to help with coursework

·         Cooking

·         How to be a writer

·         Infertility

·         Computer Hardware & Software

·         Movies or even a specific movie (I love scarface!)

·         Music – Fan sites for individual artists

·         Wedding planning and weddings in general

·         Parenting and baby sites

(Read more inside ..)

KUALA LUMPUR: Moody's Investors Service says the rising default rate for rated non-finance corporates in Asia-Pacific (ex-Japan) is likely to persist in the short term and then peak in the last three months of 2009.

"The rising default rate is expected to continue, but now looks near its top with the Asian speculative grade trailing 12-month non-finance
corporate default rate estimated to peak at 18%-20% in 4Q2009," according to Moody's group credit officer/corporate ratings Asia Pacific Clara Lau on Aug 26.

"Subsequently, the rate is expected to fall sharply to around 10% in 2Q2010, while it was -- as of end-July -- 16%, well above the 2.7% for all of 2008," she said.

Lau also said the estimated high-yield corporate default peak would be one of the highest, if not the highest for Asia-Pacific's rated non-finance corporate portfolio since we began tracking this in Asia in the early 1990s.

"The estimate reflects the severity of the current global downturn and the fact that the rating mix has changed dramatically with proportionally more lower-rated high-yield corporate issuers in the region's portfolio," she added.

Lau was speaking on the release of a Moody's report -- which she authored -- on projecting the default trend for rated non-finance high-yield corporates in Asia-Pacific (ex-Japan).

The report looks at trends evident since the Asian financial crisis in 1997, discusses the acceleration in corporate default rates and examines the application of Moody's Credit Transition Model, a formal default forecasting model, to Asia.

Since the start of 2009 to end-July, there were 10 rated non-finance corporate defaults (totaling US$3.3 billion in debt), five times the number for all of 2008.

All the defaulters were speculative-grade issuers and the overwhelming majority was B-rated or below one year prior to their default. Medium-sized listed Hong Kong companies with predominantly Chinese operations accounted for the majority of these defaults. (Read more inside ..)