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Armed Forces Fund Board
The Armed Forces Fund Board (also commonly known by its Malay name Lembaga Tabung Angkatan Tentera and LTAT in short) is a statutory body which manages the pension fund for certain members of the Malaysian Armed Forces. LTAT was established in August 1972 by the Armed Forces Fund Act (also known as the Tabung Angkatan Tentera Act). The fund is considered the smallest among Malaysian government-linked investment companies, and owns controlling stakes in several public listed companies in Malaysia, including Boustead Holdings and Affin Holdings. It is overseen by the Ministry of Defence. For officers, participation in the fund is voluntary, with no contribution towards their accounts by the Government of Malaysia. Armed forces members of other ranks (compulsory contributors) are required to contribute a portion of their monthly salary to LTAT, with the government contributing as employer. A compulsory non-pensionable contributor receives his/her retirement benefit in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Authority
A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being Primary and secondary legislation, empowered or delegated to set rules (for example regulations or Statutory instrument, statutory instruments) in their field. They are typically found in countries which are governed by a Westminster system, British style of parliamentary democracy such as the United Kingdom and the Commonwealth of Nations, Commonwealth countries like Australia, Canada, India and New Zealand. They are also found in Israel and elsewhere. Statutory authorities may also be statutory corporation, statutory corporations, if created as a body corporate. Australia Definitions Federal statutory authorities are established under the ''PGPA Act 2013''. "A statutory authority is a generic term for an authorisation by Parliament given to a person or group of people to exercise specific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Publicly Listed Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the Unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment In Malaysia
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security In Malaysia
Social organisms, including human(s), live collectively in interacting populations. This interaction is considered social whether they are aware of it or not, and whether the exchange is voluntary or not. Etymology The word "social" derives from the Latin word ''socii'' ("allies"). It is particularly derived from the Italian ''Socii'' states, historical allies of the Roman Republic (although they rebelled against Rome in the Social War of 91–87 BC). Social theorists In the view of Karl MarxMorrison, Ken. ''Marx, Durkheim, Weber. Formations of modern social thought'', human beings are intrinsically, necessarily and by definition social beings who, beyond being "gregarious creatures", cannot survive and meet their needs other than through social co-operation and association. Their social characteristics are therefore to a large extent an objectively given fact, stamped on them from birth and affirmed by socialization processes; and, according to Marx, in producing and reproducin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Age Pension Systems
Age or AGE may refer to: Time and its effects * Age, the amount of time someone or something has been alive or has existed ** East Asian age reckoning, an Asian system of marking age starting at 1 * Ageing or aging, the process of becoming older ** Senescence, the gradual deterioration of biological function with age ** Human development (biology) * Periodization, the process of categorizing the past into discrete named blocks of time ** Ages of Man, the stages of human existence on the Earth according to Greek mythology and its subsequent Roman interpretation **Prehistoric age Places * AGE, the IATA airport code for Wangerooge Airfield, in Lower Saxony, Germany People * Åge, a given name * Aage, a given name * Agenore Incrocci, an Italian screenwriter Arts, entertainment, and media Fictional entities * ''Ages'', worlds in the ''Myst'' video game series Music * "Age" (song), a song by Jim and Ingrid Croce Periodicals * ''Age'' (journal), a scientific journal on ageing, now ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Malaysia
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armed Forces Fund Board
The Armed Forces Fund Board (also commonly known by its Malay name Lembaga Tabung Angkatan Tentera and LTAT in short) is a statutory body which manages the pension fund for certain members of the Malaysian Armed Forces. LTAT was established in August 1972 by the Armed Forces Fund Act (also known as the Tabung Angkatan Tentera Act). The fund is considered the smallest among Malaysian government-linked investment companies, and owns controlling stakes in several public listed companies in Malaysia, including Boustead Holdings and Affin Holdings. It is overseen by the Ministry of Defence. For officers, participation in the fund is voluntary, with no contribution towards their accounts by the Government of Malaysia. Armed forces members of other ranks (compulsory contributors) are required to contribute a portion of their monthly salary to LTAT, with the government contributing as employer. A compulsory non-pensionable contributor receives his/her retirement benefit in the form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retirement Fund (Incorporated)
Retirement Fund (Incorporated) ( ms, Kumpulan Wang Persaraan (Diperbadankan); KWAP) is a statutory body which manages the pension scheme for Malaysia's public employees. KWAP is the investment manager of the Retirement Fund, which is applied towards financing the government's pension liability, and is responsible for the administration and payment of pension to public sector retirees. KWAP is one of three main bodies in Malaysia's pension system, the others being the Employees Provident Fund (for private sector employees) and Armed Forces Fund Board (for military personnel). It is also regarded as one of Malaysia's government-linked investment companies (GLICs). History Prior to KWAP's establishment, the public pension fund in Malaysia was managed by the Pensions Trust Fund ( ms, Kumpulan Wang Amanah Pencen), whose operations fell under the responsibility of the Accountant General. The Pensions Trust Fund grew from an initial government grant of RM500 million in 1991 to RM42 billi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-commissioned Officer
A non-commissioned officer (NCO) is a military officer who has not pursued a commission. Non-commissioned officers usually earn their position of authority by promotion through the enlisted ranks. (Non-officers, which includes most or all enlisted personnel, are of lower rank than any officer.) In contrast, commissioned officers usually enter directly from a military academy, officer candidate school (OCS), or officer training school (OTS) after receiving a post-secondary degree. The NCO corps usually includes many grades of enlisted, corporal and sergeant; in some countries, warrant officers also carry out the duties of NCOs. The naval equivalent includes some or all grades of petty officer. There are different classes of non-commissioned officers, including junior (lower ranked) non-commissioned officers (JNCO) and senior/staff (higher ranked) non-commissioned officers (SNCO). Function The non-commissioned officer corps has been referred to as "the backbone" of the armed se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Officer (armed Forces)
An officer is a person who holds a position of authority as a member of an armed force or uniformed service. Broadly speaking, "officer" means a commissioned officer, a non-commissioned officer, or a warrant officer. However, absent contextual qualification, the term typically refers only to a force's ''commissioned officers'', the more senior members who derive their authority from a commission from the head of state. Numbers The proportion of officers varies greatly. Commissioned officers typically make up between an eighth and a fifth of modern armed forces personnel. In 2013, officers were the senior 17% of the British armed forces, and the senior 13.7% of the French armed forces. In 2012, officers made up about 18% of the German armed forces, and about 17.2% of the United States armed forces. Historically, however, armed forces have generally had much lower proportions of officers. During the First World War, fewer than 5% of British soldiers were officers (partly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malay Mail
The ''Malay Mail'' is a newspaper in Kuala Lumpur, Malaysia, first published on 1 December 1896 when Kuala Lumpur was the capital of the then new Federated Malay States, making it the first daily newspaper to appear in the FMS. As of May 2014, it is a free lunchtime paper with 100,000 copies circulated around the Klang Valley. Their main target audiences are Professionals, Managers, Executives and Businessmen (PMEBs). During World War II, the paper was replaced by the Malai Sinpo. Overview The newspaper used to be an afternoon edition which focused on local happenings and was promoted as "The Paper That Cares". It was common to find local community news making the headlines. The paper also had featured a "Page 3 Girl" and was not taken too seriously as it had the image of a tabloid with the printing of many unsubstantiated news articles. The newspaper had a commanding presence in classified ads and in the 1990s it was common to find almost half the newspapers comprising clas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
