Cheryl Yeoh leave MaGIC

CEO, Malaysian Global Innovation & Creativity Center (GIC) Cheryl Yeoh, who assumed his post in April 2014 would leave the government agency on January 14, 2016.

The contract was originally 2 + 1 year has been shortened and the reason is not clear. And at the same time ordered the agency MaGIC search for replacement workers.

Develop a startup is not an easy task. Average considers MaGIC a big company but in fact it is a new startup that was 2 years old.

Officially launched in April 2014, MaGIC was originally aiming to become a center of entrepreneurship for all sectors, not just in the technology industry.

But within 1 year, 9 months, MaGIC better known as the "Silicon Valley of Malaysia" because it highlighted technology startups. This is certainly deviated from the original mandate of establishment MaGIC presented by Prime Minister Najib Razak on Global Entrepreneurship Summit (GES 2013).

With a budget of RM70 million in 2014 and RM35 million in 2016, not many results highlighted the startup is not the technology and other industries, especially in rural areas.

However, under the leadership of Cheryl Yeoh, MaGIC managed to put Malaysia as a technology startup hub in the world, especially Southeast Asia.

He also successfully launched the e @ Stanforad - 57 entrepreneurs and 31 startups participating in the two-week program at Stanford University and Silicon Valley.

In addition, Yeoh also launched MaGIC Accelerator Programme (MAP) of which 52 startups around Southeast Asia participate make Malaysia known as the hub of technology startup

FLASH FLOOD IN SHAH ALAM

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Recently, Shah Alam been hit by flash flood. This is the worst flood disaster ever in Shah Alam within this 5 years back. According to the article, it stated that the most effected area are Section 9 and Section 13. Actually this area is the city center of Shah Alam and it is near to my house. During the incident, I had plan to get back to Nilai but I cannot continue my plan due to the disaster. The area also are very near to the main road that link us to the highway. 

Why does this flash flood happened? 

Based on the article, it shows that unsystematic construction plan of AEON building that cause the flash flood. From this issue, we can conclude that sometimes people are eager to achieve something big but they overlooked on environmental issue.  

10 WAYS TO FIND THE AFFORDABLE HOUSE WHEN ECONOMY IS SLOW

PART 2

6. MAINTAIN FINANCIAL PORTFOLIO

You already have 15% of the transaction value of the house and has aspire to place the booking? Ops, whoa!

Please contact your bank officer or Real Estate Negotiator (REN) in advance to ensure that you do not have a problem with a bank or at least try to minimize your problems with them.

Feared that the money was available, but miss the chance to own a home of choice due to the failure of housing finance.

7. MAKE FRIEND WITH 4 PEOPLE

Banker, Valuer, Real Estate Agent (REA) and Real Estate Negotiator (REN), check the list of contact colleagues and if so, invite them for a casual drink.

Note: Some of them are bound by a code of ethics, so they usually will only share privately with close friends, make sure you're one of them.

8. IDENTIFY DESPERATE SELLER

You will only be able to identify this group after point No 5.

In preparation, bring along your checkbook to demonstrate his seriousness. Before that, make sure you have at least 15% of the transaction value.

Trust me, once you have these opportunity both, go hard and bargain more. Hence, there is no wrong in asking.

9. DO NOT DARE TO START THE FIRST STEP? DO IT YOURSELF!

Technology and access to information now allows everything, thanks to the internet.

Go to a site like iProperty, PropertyGuru, Mudah.my, www.npr.my, infohartanah.net and others to find out the frequency of transactions and offer the latest in the area.

Indirectly, you will get new contacts such as REN which makes the area as they Farming Area.

10. DO WINDOW SHOPPING IN SOME BANK RATE

Believe me, even the difference in monthly payments between Bank M and Bank C only RM 50, it will bring a big impact on your financial portfolio if not managed properly.

RM 50 x 12 months equals RM 600

RM 600 x 30?

RM 18,000, yes, 5 points.

Go to the bank and ask about their financing package, and get an accurate count for the difference in interest calculations and other incentives such as Free Moving Cost if any.

Unit property such as houses and land is an asset, not a liability. Unlike vehicles, the housing market will continue to increase every day.

So if you own 15% of the home value for the initial purchase, do not delay to start the search and hunt you out now.

Do not cry at a later date if the unit you desire today increased by 20% its price two years before.

Editor's Note: 10 ways to get affordable housing has been shared by Aiman Harith, a real estate negotiator in Value Properties Realty. Aiman is also a student at the Institute of Valuation (INSPEN). Hopefully these tips can help you who are looking for opportunities to buy a home at a price lower than the market price.

10 WAYS TO FIND THE AFFORDABLE HOUSE WHEN ECONOMY IS SLOW

PART 1 

What is the primary meaning 'affordable', particularly during the current economic downturn? The present for any urban residents who earn less than RM3,000 been categorized as Urban Poor.

Without wanting to prejudice long regarding the definition that you can find in the dictionary of the Board, or more practically, Mr Google, affordable means is the monthly payment option of a unit that does not exceed 1/3 of the net salary.

Tell your net salary of RM3,000, the monthly payment of the home must not exceed RM1,000 per month.

1. PRIORITY SUB-SALE

There are 3 types of houses that are in the market that is New Units, sub-sale and auction.

For a new start dreaming of having the first house, it will good if  you choose sub-sale due to the number of options available to suit your ability.

Sub-sale or called home very simply applied in practice requires that you provide at least 15% of the unit price of which is to:

3.18% at time of booking fee, 6.82% before / during the signing of the Sale and Purchase Agreement (SNP) and 5% thereafter for the cost of other costs such as the Sale and Purchase Agreement, the Loan Agreement, Stamp Duty, Insurance, Appraisers and so on.

But if this is the time to purchase 2, 3 and times for quite some time for you, there is nothing wrong if you start up the courage to participate in the first auction.

2. TAKE ADVANTAGE FROM DEVELOPERS OFFER

Starting today, give your full attention on each sheet pamphlets on a housing project. Besides the special discount of 7% for natives, usually the developer also offers a number of other offers such as zero downpayment and so on.

Why pay more if you can get it free?

3. FIND A HOME SITUATED IN THE SUBURBS

Start your search for your dream home in suburban / away from the city significantly less expense.

Terrace 2 of the House at TTDI cost about RM800,000 as compared to in Semenyih, about RM500,000 only.

4. JOIN THE SESSION AUCTION

You will be asked to pay a deposit of 10% of the reserve price for the auction of a unit involved options before joining the session, Google for more details on the nearest auction session.

You are advised not to be emotional during the bidding process and check the market price of the unit prior to register as a bidder in the auction session.

5. BUY HOUSES WITH CASH

Did you know that, in recent years is the Buyers Market, where buyers have more choices and chances to bargain.

Buy and pay high deposit, 20% - 30% to bargain more!

(TO BE CONTINUED..)

MaGIC Academy #MA2015

9-12 September 2015

Malaysian Global Innovation & Creativity Centre (MaGIC) is an academy that organize and guide an entrepreneur to startup their business. It is located at Cyberjaya. It tooks around half and hour from Universiti Sains Islam Malaysia, Nilai.

For this year event, I am representative of ENACTUS USIM went to this event to have an exposure and to make a social network with corporate people by presenting our social entreprenuer projects. By this events we also had an opportunities to make one-to-one discussion with those who are very expert in their field. We also get 

I would like to share about my new friends that I knew from MaGIC.

Meet Kak Rahmah, one of the participant here.

We meet at the beans bag while take our lunch. I start the conversations and we get to know each other until the programs end. We always meet at the surau and that make us become closer. I am so interested with her career background so I ask her opinion about fresh graduate issue.

Me: What is your opinion about fresh graduate issue that commonly hear about their attitude and so on.

KR: I have no problem with anyone because for me no matter who you are, either fresh graduate or not it depends on the individual it self. Sometimes there is also a case that old workers are more choosy than the fresh graduates. I've experienced one.

Me: Ohh I see.. So what should we do in order to be the best workers and avoid those stigma?

KR: Firstly we must do our work sincere because of Allah. Then just do the best and all out on your work. Do something that you love and it will give a good result.

SEHATI ❤️

SEHATI 2015

15 Nov 2015 | Zebra Square KL

SEHATI is a one-day event to educate and create awareness for Social Entrepreneurship (SE). Be inspired through success stories by social entrepreneurs and attend a workshop on the basic skills to venture into Social Entrepreneurship such as issue-based problem solving, business modelling, impact measurement and pitching technique. 

The first speaker is Steven Chan from Dialogue in the Dark Malaysia. Stevens was an active businessman before he lost his vision in 2007 due to glaucoma. He has founded three organizations - Malaysia Glaucoma Society (an NGO), Save Ones Sight Missions Bhd and Dialogue in the Dark Malaysia (a social enterprise). They exist with the aim to educate the public to not take their eyesight for granted and also to empower and equip the visually impaired community.

His personality reminds me to my late grandfather. He also a blind man but have a big heart. He manage to raise up six of his children that success in their life. Even though he is blind, he never take anything for granted. He weave basket and sell it to the market. My late grandfather has taught me that education is important in other to success in life. 

Al-fatihah for my beloved atuk, we miss you.