May I take this opportunity to wish all the Muslim, Selamat Berpusa.
What is the best to me in this time is… there will be a lot of delicious Malay foods out there especially in the evening! Yummy!
New On FBM KLCI
A few things have been implemented into our new stock market starting from today.
Target Setting
Everything seems not doing so well for the last two months, so I think I have to put some target setting for this month to boost up myself.. ha
New Tick Sizes for Securities Traded on Bursa Malaysia
Effectively from 3rd August 2009, securities traded on Bursa Malaysia will be having new tick sizes. The new tick sizes are smaller than the current tick sizes.
REIT – Real Estate Investment Trust
Recently, the investment term “REITs” come across my mind. I keep seeing news about REITs in newspaper, forums and personal blogs. A REIT or real estate investment trust is a real estate company that offers common shares to the public.
What is REIT? According to Wikipedia:
A Real Estate Investment Trust or REIT (pronounced /ˈriËt/) is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable, into the hands of the investors. The REIT structure was designed to provide a similar structure for investment in real estate as mutual funds provide for investment in stocks.
In Malaysia, REIT is a little bit different (source).
- 1. Investors’ dividends will be taxed at investors’ books.
- 2. Non-residents’ dividends will be taxed at 28%. It is an upfront and final withholding tax.
- 3. There are NO explicit requirement of minimum payout ratio in the guidelines.