Financial Planners are required to keep records of all advice made to clients for a period of up to 7 years.
As of 2020, there are around RM 105 billion of frozen assets in Malaysia. 90% of this frozen estates are belong to Bumiputera.
In 2021, they are 14.38% workforces were subject to individual income tax. Tax collected from individual was RM RM 36.4 billion.
As of today only 59.5% of Malaysian is protected. This translate to only 6 out of 10 Malaysian were protected
As of 2021, there is 36,863 residential overhang. Residential overhang is a definition for residential real estate whereby its supply is more than its demand.
The Bumiputera masses at the time were generally risk averse. Given their small capacity to save, let alone invest. Most had limited understanding of savings, investment or unit trusts.
Bumiputera is among the lowest income earner in Malaysia after Chinese and Indian
Menurut Kenanga Investment Bank, perkembangan MHPI ketinggalan teruk berbanding negara lain. Ketika negara lain mencatatkan pertumbuhan yang baik, Malaysia terperosok di tangga keempat tercorot.
China accounts for around 80% of U.S. rare earths supply, materials used in many high technology goods.
The Malaysian market is simply too small. In fact, the size of the fund is about 62% of Malaysia’s GDP.