Lowyat.NET: Latest topics by constant

STPM schools in PJ area

constant — Wed, 09 Feb 2011 12:28:35 +0800

What are some of the good schools for STPM around Bandar Utama, Damansara Utama or Damansara Jaya? If a student is from a different school, does he has to register early with the new school to do STPM assuming his own school only has up to Form 5?

Do Accounting degree in Monash or MMU?

constant — Sun, 30 Jan 2011 09:25:50 +0800

I read with interest the topic on whether one should always go abroad vs studying locally. My question is more specific. If one is determined to be an accountant, is it better to go for a cheaper uni or college like MMU or KBU or TAR etc than going for a better uni like Monash or Nottingham or Sunway? Ultimately, if one intends to pursue a professional qualification like ACCA or ICAEW, does it really matter which uni one gets the basic bachelor degree from?

Basically, my question is, will you save about RM80-100k over 3 years and pursue your degree in a less popular uni/college, knowing that you would ultimately get your professional qualification no matter which uni you go to? Or will you spend the money(which you can afford but would prefer to save it too! that is, not very rich type..) on getting a degree from, say Monash uni? Please note that studying overseas is out of the question as it is too expensive.

10 or 20 years from now, if one becomes a Finanial controller or chief financial oficer, does it really matter whether one has a degree from MMU or Monash???????? Assume that one has also obtained ACCA or chartered accountancy at that time.

Full Flexi Tax Question

constant — Sat, 20 Nov 2010 15:12:52 +0800

I wonder if one constantly bank in extra cash and withdraw them during the year, can the bank print an ANNUAL statement just showing the interest and the installments for INCOME TAX purpose? How do they know which are your installments? Example: If your monthly installment is rm1,950 per month. But every month you pay rm2k. The rm50 is already an extra payment. You do this every month for 12 months. On top of that, lets say during the year, you bank in lump sum rm20k and rm40k in February and May and withdraw RM30k in November, can the bank print annual statement ONLY showing the INTEREST charges per month of say RM1,200 and the actual installment of 1,950? Really confused how they are going to do it?

Thanks

Indah Water

constant — Wed, 04 Aug 2010 10:58:19 +0800

Who pays Indah Water? tenant or owner?

Indah Water and Alam Flora

constant — Wed, 21 Jul 2010 08:59:53 +0800

If we stay in condo, we will pay TNB directly and water is paid through management. However, I never receive bills for Indah Water either directly or through management, do you guys pay Indah Water. What about Alam Flora? never receive any bills for it. Do you pay?

How are Remisiers doing nowadays?

constant — Thu, 15 Jul 2010 07:59:37 +0800

Anybody has frens who are remisiers? How are their earnings these couple of years? Stockbroking revenues of major stockbrokers like Hwang, OSK etc are pretty OK.

A Concerned Parent's Questions

constant — Fri, 02 Jul 2010 21:42:17 +0800

Hi all,

My kids are in primary school now. The eldest going to secondary next year. I am thinking ahead for their education. I am not very well to do. I have a few questions. Most probably, they will be doing accountancy/business related courses.

1) Is it better to take STPM or A-levels/Matriculation or Foundation courses of university?

2) Should we apply for scholarships after SPM or STPM? And, where to apply?

3) How much roughly are the tuition fees per annum for A-levels, STPM or Foundation courses? I heard A-levels alone cost about 25k? Thats very expensive. Can students choose to self study for A-levels?

4) How much roughly for a degree ( 3 years) done in twinning university(3+0) for accountancy/business related degree? I know Monash and Nottingham got 3+0 courses here, right?

Thanks a lot for your kind help.

Commission Question

constant — Wed, 28 Apr 2010 12:27:09 +0800

I see many advertise for 0.05% and 0.1% for day trades. But what about the miscellaneous cost like stamp duty and clearing fees? Normally, how many % do we need to estimate for that?

e.g. if buy 0.1% commission plus 0.3% for stamp duty and clearing, then total for buying is 0.4%. That means buy and sell is 0.8% for TOTAL cost. Am I right? So, is this 0.3% estimate good enough?

Transfer From individual names to SDN BHD

constant — Mon, 26 Oct 2009 09:03:41 +0800

Assume and A and B jointly holds a property. They intend to transfer the ownership to a sdn bhd comprising of 3 EQUAL shareholders. How do one go about it? Assume the sdn bhd is already set up.

Lets assume that they agree that the selling price is 500k. (BTW, must it be at market price assuming all of them are RELATED parties?)So, A and B will sell to company XYZ for 500k. But company XYZ is a $3 company, how can it buy the 500k property? If company XYZ do not intend to take up any loan, does that mean it will first have to put in 500k into the company as paid up capital??? Another way maybe is to let it remain as rm3 company but the rm500k is a loan from directors. Is that possible? What is the NORMAL way of doing it?

Thanks a lot for answers.

Bounce Cheque and Stop Cheque

constant — Sat, 05 Sep 2009 22:37:58 +0800

2 seperate questions:-

1) If I have insufficient funds in my current account and I issue a cheque more than what I have, e.g. I have RM5k and issue a rm10k cheque, is it 100% that the cheque will bounce and not go through? Is it possible that the bank might overlook and allow the cheque to go through?

2) If I stop a cheque before it is presented, is it 100% that the cheque will not go through? That is, will the bank overlook and allow the cheque to go through eventhough I have "stop" it. Assume in this case, I have sufficient cash in the account.

Ink Cartridge Refill

constant — Thu, 27 Aug 2009 20:24:35 +0800

I see many online advertisements on ink refill for printers. I am quite interested in it. Is this type of business viable? How much does the machine costs? Anybody has any experience?

How much do people earn if they drive these cars?

Thu, 01 Jan 1970 07:30:00 +0800

How much do people earn if they drive these cars?

constant — Fri, 15 May 2009 19:18:35 +0800

It is unavoidable that people still associate certain cars with certain social status. Forget about the super luxurious like BMW 7 series or Ferraris. Forget also about cheaper cars like Protons etc. Lets focus on these 5 types of cars and what sort of income level you normally guess these people earn per MONTH.

Assume all are bought NEW.

1) BMW 5 series

My guess : RM15k onwards

2) BMW 3 series

12k to 15k

3) Honda Accord/Toyota Camry

10k to 12k

4) Honda Civic/ Toyota Corolla Altis

8k to 10k

5) Honda City/ Toyota Vios

4k to 8k

Am I being realistic? Whats your guess?