affin hwang is local listed? I mean overseas listed companies

prophetjul,

1) EPF is the LARGEST POOL of money in Malaysia. If EPF cannot cover the increase, there are NOT ENOUGH local debt holder to cover the debt increase.

2) In summary, THE GOVERNMENT is borrowing from the FOREIGNER now.

http://www.themalaysianinsider.com/malaysi...nomic-dashboard

<< That would be the fourth red light blinking on the dashboard of an economy running on debt on all fronts: government, households and the capital account.

The possibility has unnerved foreign investors who have US$45 billion (RM160 billion) parked in the country's bonds and have lent a total of US$208 billion (RM741 billion) to the high-yielding Southeast Asian country.>>

- See more at: http://www.themalaysianinsider.com/malaysi...x.P6LtLpxj.dpuf


3) By the way, you are the person that posted this fact on the other thread.

https://forum.lowyat.net/topic/3374996/+420

Dreamer

Yes and no.
Yes if you don't want to use the money.
No if you need to use the money.

If situation like this, then need to undergo based on estate law or inheritance law, which is tedious in paperwork.

Quote by EPF CEO
“This is because the EPF only declares dividends on our realised income. We do not recognise unrealised income,” he said. This means that the EPF only regards as income on investments that it has liquidated and not based on revaluation or mark-to-market gains.

Yes, thats the thing. Its not just EPF which is holding the gomen bonds.

My present concern is debt rating. We may be headed for higher cost debt if Fitch gets itchy.........

prophetjul,

There are 2 kind of problems here.

1) RM denominated bond

2) Foreign currency denominated bond.

THE GOVERNMENT can print more RM to cover (1) but not (2).

<<My present concern is debt rating. We may be headed for higher cost debt if Fitch gets itchy.........>>

I do not think that is avoidable. It is just a question of when. Oil price is lower at 2015. Hence, that will impact THE GOVERNMENT's revenue and ability to bail out.

Dreamer

This post has been edited by dreamer101: Feb 10 2015, 09:05 AM

Suggested solution:

Create a living trust and put in a clause in your will that should the EPF nomination fails for whatever reason, the proceeds should go to the trust.

Then in the trust, appoint a professional trust body to manage your proceeds according to your wishes.

Xuzen

This is common for funds to declare dividends from realised incomes only.

standard in any funds

Malaysia's Employees Provident Fund (EPF), the world's sixth largest pension fund, is set to increase investments overseas by expanding its existing alliance with Australian real estate specialist Goodman Group PTY Ltd.

The alliance is likely to boost investments in real estate, such as industrial and office space, in Malaysia and Southeast Asia.


EPF JV plans RM1.4b development to make M'sia world-class logistic hub
http://www.theedgemarkets.com/my/article/e...ub?type=Markets

Hehe.. So next year will be 7% ftom EPF...

Hope So

you dont invest your EPF money?

nope. better kept there

👌

Usually you should have more than one nominee so if the first one is not available they will give it to the second

Thanks for reminding, need to add my underage son as nominee just in case.

It does not work this way. If your will do not specify it, should the nomination fails for whatever reason, the portion that is intended for the demised nominees will automatically go to the residuary estate of the demised nominees, and does not automatically goes to second nominee. Previously I too thought it was as wodenus think, until my Rockwill agent told me otherwise.

Xuzen

P/s Estate distribution follows a vertical line, not horizontal.

This post has been edited by xuzen: Feb 14 2015, 07:48 PM

If the nominee is not declared dead but cannot be contacted for whatever reason?