Monday, July 27, 2015

Four Months After GST Implementation


As at now, most of us in Malaysia are getting used to GST implementation. We know how to read the price tags and official receipts. Those who works in Account Department or Finance Department should at least know how to key in input and output tax into accounting system and also to file the GST returns. 

There are also less and less complaints on GST impact in loca news. It seems like the rakyat are slowly getting used to the GST implementation. 

But, one thing for sure, the rakyat really feel the pinch of price hike. One specific of honey from Australia was priced at RM31.90 before GST implementation. But when I purchased the same honey in Apr'15, it was RM36.90. Last year, a ream of a branded paper cost RM9.50. Today, the same ream of branded paper at the same stationary store cost RM11.13 (RM10.50 + 6% GST). A specific brand of facial toner cost me RM38 in early 2014, then RM42 toward the end of 2014. In Apr 2015, the same facial toner cost me RM55! I am not sure if the price hike was caused by the dropped in Ringgit value or because the supplier been charged higher by the producer due to high demand. No matter what, the huge price different after GST implementation is really unacceptable to me.


I noticed that everyone now are more concern on their purchase, be it at the kopitiam, wet market, the supermarket or at stationary stores. Everyone trying to get the best deal and trying to stretch their ringgit further. This is a domino game. When everyone trying to hold back from spending, economy will be affected. In the long run, let's hope that the GST implementation brings us more good than harm.



Saturday, July 11, 2015

How To Cash Out Your AdSense Earnings in Malaysia using Western Union

I shared below how to cash out your AdSense earnings in Malaysia through Western Union:

1) Once you've reached the minimum earning threshold, which is currently USD100.00, you will received an email from Google Billing with the subject title 'Google AdSense: We recently sent you a payment';

2) Follow the instruction in the email to log in to your AdSense account. Select "Payments" from the drop down list. You will be able to see a 'Payment Receipt' from Google. Print out this payment receipt or write down the 2 most important parts which is the Money Transfer Control Number (MTCN) and the sender. In my case, the sender was Google Ireland, Ltd. But my advice is still better to print out the receipt and bring along with you when you go to the bank.

3) Go to the any banks in Malaysia with the yellow 'Western Union' symbol. In my case, I went to the bank nearest to my office, which is RHB Bank.

4) Tell the bank officer you need a form to receive money through Western Union. Fill in the important parts of the form such as Receive Money, MTCN number, your full name, your address, your occupation and the sender. The officer will require your NRIC as well, for verification purpose. No need to fill in the amount, as the officer will fill in for you based on the MTCN number. For my case, I need to wait for about 20 minutes for the officer to verify the details before he called my name name and handed me the cash in Malaysian Ringgit. 

Prior to receiving your first AdSense earning, make sure you update your payee profile, payment setting and billing contacts. For payee profile, remember to key in your name and address accordingly. For payment setting, the fastest and easiest way to receive the AdSense earning is through Western Union. So, log in to your AdSense account, then under 'How you get paid', select Western Union.  Make sure you change the payment method prior to your payment issued (in my case is USD100.00). Otherwise, Google Billing will not be in time to change the payment methods.

Hope the above helps!