Pre-Budget 2016

Today, Senior Ministry of Finance said :

There will be something for everybody in the 2016 Budget especially the lower income group, as well as, the middle class but the people must not expect goodies that are not realistic

 I have nothing to comment on the Pre-Budget 2016. But as middle income earning & I believe most lower, moderate Malaysian people are expecting below:

1. New GST exclusion item listing
2. New lower GST Standard Rate
3. Lower Price Oil
4. Lower Toll
5. 1st Home Incentive
6. Annual Tax Exception Rate for Low & Mid income range
7. GST on more expensive raw food / item like lobster
8. No GST on processed food like Maggie, Sardin Can etc.

We know most of the above will not become reality on Budget 2016, but as Moderate Malaysian people who suffer from high living cost. We are hoping Malaysian Government make this budget as good as possible.

We are really hoping the projection of GST collection will be use in a very very very very VERY VERY good way.

Stay tune for Post Budget 2016 as will bring more comment after the posting today.

Minimum Credit Balance - CIMB Bank RM20

Minimum Deposit or Credit Balance for CIMB Bank has been increased from RM10 to RM20 since December 2014.

However, with the increasing cost of living since the GST implemented on April 2015. RM20 seems valuable for most low & mid income citizen on Malaysia.

CIMB Bank Notice of Minimum Balance Increase from RM10 to RM20

The promise, campaigns & ads from Central Government about the fact GST will bring most price down are not realize. For example "The Tarik" are now RM RM1.27, "Roti Canai" are now RM1.06. People are expecting the price become lower than this.

Hence, putting the minimum deposit of RM20 is always disappointing to holder like me by mid or end of month.

RM20 could mean something for somebody. RM20, could bring simplest joy to spend for kids. RM20 could bring people from Point A to Point B. RM20 could bring starving to good food.

We praised Maybank for still remain Minimum Balance of RM1 for Saving Account. Hoping for CIMB to follow the same.

We believed, by following the footstep of Maybank. It won't effect on any financial of CIMB.

Post 1 : About Us

As-Salam / Selamat Sejahtera Malaysia

Justification:

Blog "The Malaysia Moderate" are created not to opposed to side on any political party in Malaysia.

This blog are created, as part of "ME" to voice out my idea, uncertainty, perception as Moderate Malaysian citizen and which I believed could be represent most Moderate Malaysian citizen in related to Issue, Public Interest, Government etc etc.

In politics and religion, a moderate is an individual who is not extreme, partisan, nor radical. - Source wikipedia

Hoping for Moderate Malaysian voice and concern are being listen by the respective party and taken part of Malaysian change toward better future.