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Sunday, 5 October 2014

TOP 10 BILLIONAIRE CITIES 2013

Top 10 Billionaire Cities – 2013
S.No.
City
Country
Billionaires
1
Moscow
Russia
84
2
New York City
USA
62
3
Hong Kong
China
43
4
London
UK
43
5
Istanbul
Turkey
37
6
Sao Paulo
Brazil
26
7
Mumbai
India
24
8
Seoul 
South Korea
23
9
Beijing
China
21
10
Dallas (Tie)
USA
18
11
Paris (Tie)
France
18


Source:http://www.forbes.com/sites/ricardogeromel/2013/03/14/forbes-top-10-billionaire-cities-moscow-beats-new-york-again/

Richest countries by GDP..income per capita

Richest Countries in the World

Rank
Country
Capital
Currency
GDP (Per Capita $)
1
Qatar
Doha
Riyal
100,889
2
Luxembourg
Luxembourg City
Euro
77,958
3
Singapore
Singapore
Singapore Dollar
60,799
4
Norway
Oslo
Norwegian Krone
54,397
5
Brunei Darussalam
Bandar Seri Begawan
Brunei Dollar
54,114
6
United States
Washington D.C.
US Dollar
51,704
7
Switzerland
Bern
Swiss Franc
44,864
8
San Marino
City of San Marino
Euro
42,724
9
Canada
Ottawa
Canadian Dollar
42,317
10
Australia
Canberra
Australian Dollar
41,954


Source : International Monetary Fund (World Economic Outlook Database-October 2013)

Sunday, 14 September 2014

Average Wage Monthly Around the world....(usd)

Recently, United Nations’ International Labour Organization (ILO) published the average monthly salary or wage for the whole world & the average for 72 countries. For the whole world, the average is USD1,480 per month.
The figures are published for the first time. It’s a rough figure based on data from 72 countries, omitting some of the world’s poorest nations. In addition, all figures are adjusted to reflect variations in the cost of living from one country to another.
To make comparisons in living standards across countries, economists use specially adjusted exchange rates. The figures in this calculation are given in Purchasing Power Parity (PPP) dollars. One PPP dollar is equal to 1 US dollar spent in the US. But a US dollar goes further in some countries than in others.
The limitations of the data are.
  • The data (for 2009) covers 72 countries, and misses out some big ones, Nigeria, for example.
  • Only wage earners are counted – not the self-employed or people on benefits.
  • In some countries, the data is incomplete – in South Africa, for example; it leaves out public sector workers and agricultural workers, while in Uganda, it covers only the manufacturing sector.

The table below is the rank of average monthly salary or wage in the world. Malaysia was at number 45 out of 72 countries with average monthly salary of USD961 per month.

In Maa Takaful we can beat Luxembourg in just 1 year.....Tak percaya ..lets i explain to u..
Rank Country Average Wage (USD)
1 Luxembourg 4,089
2 Norway 3,678
3 Austria 3,437
4 United States 3,263
5 United Kingdom 3,065
6 Belgium 3,035
7 Sweden 3,023
8 Ireland 2,997
9 Finland 2,925
10 Korea (Republic of) 2,903
11 France 2,886
12 Canada 2,724
13 Germany 2,720
14 Singapore 2,616
15 Australia 2,610
16 Cyprus 2,605
17 Japan 2,522
18 Italy 2,445
19 Iceland 2,431
20 Spain 2,352
21 Greece 2,300
22 New Zealand 2,283
23 South Africa 1,838
24 Malta 1,808
25 Israel 1,804
26 Czech Republic 1,786
27 Croatia 1,756
28 Turkey 1,731
29 Qatar 1,690
30 Hong Kong (China) 1,545
31 Poland 1,536
32 Slovakia 1,385
33 Hungary 1,374
34 Macedonia 1,345
35 Bosnia & Herzegovina 1,338
36 Estonia 1,267
37 Russian Federation 1,215
38 Jamaica 1,135
39 Lithuania 1,109
40 Argentina 1,108
41 Latvia 1,098
42 Serbia 1,058
43 Chile 1,021
44 Botswana 996
45 Malaysia 961
46 Belarus 959
47 Romania 954
48 Bahrain 917
49 Panama 831
50 Mauritius 783
51 Brazil 778
52 Macau (China) 758
53 Kazakhstan 753
54 Bulgaria 750
55 Colombia 692
56 Ukraine 686
57 China 656
58 Mexico 609
59 Georgia 603
60 Azerbaijan 596
61 Egypt 548
62 Thailand 489
63 Armenia 471
64 Dominican Republic 462
65 Moldova (Republic of) 438
66 Mongolia 415
67 Syrian Arab Republic 364
68 Kyrgyzstan Republic 336
69 India 295
70 Philippines 279
71 Pakistan 255
72 Tajikistan 227

MRTA VS MLTA

What is MRTA / MLTA?
Basically, both Mortgage Reducing Term Assurance (MRTA) and Mortgage Level Term Assurance (MLTA) are functioning as a protection for borrower by helping them to settle their outstanding mortgage loan in the event of something bad happens. In other words, it is mortgage insurance.
How to Determine Buying MRTA or MLTA is The Best?
Step 1: Identify the purpose of buying the property, whether it’s for self-occupying or investment because that will determine how long you are going to hold the property.
Step 2: Analyse the best protection coverage needed, which is sufficient to ensure your spouse will not get into financial trouble for the monthly mortgage installment. In order to minimize the costs, it might not be necessary to have full coverage (same as total housing loan amount) as you might have other backups (eg. savings, cash, other insurances, shares etc).
Step 3: Do some calculation and comparison to have clearer picture on the costs involved and affordability on the premium, respectively.
Example 1: Buying MRTA
  • Total Loan Amount = RM 106,155
  • Loan Tenure = 30 years
  • Age = 25 years old
  • Coverage Ratio (%) = 100%
  • Coverage Amount = RM 106,155
  • MRTA Premium = RM 2,371.50
    Payment Option 1: One Lump Sum Payment Upfront
  • Since it is one lump sum payment upfront, hence, no interest is charged
    Payment Option 2: Financed into Housing Loan
  • Assume BLR – 1.8% = 4.25%
  • Assume Loan Tenure = 30 years
  • Monthly Installment = RM 11.66
  • Total Interests Paid = RM 1,824.84
  • Total Payment = RM 4,196.34
Example 2: Buying MLTA
  • Total Loan Amount = RM 106,155
  • Loan Tenure = 30 years
  • Age = 25 years old
  • Coverage Ratio (%) = 100%
  • Coverage Amount = RM 106,155
  • MLTA Premium = RM 74.30/month = RM 891.60/year
3 years x RM 891.60/year = RM 2,674.80
6 years x RM 891.60/year = RM 5,349.60
9 years x RM 891.60/year = RM 8,024.40
12 years x RM 891.60/year = RM 10,699.20

Example 3: Comparison Between MRTA and MLTA (Buying Properties for Investment)
Example 4: Comparison Between MRTA and MLTA (Buying Property for Own Stay)

Saturday, 13 September 2014