Latest news with #944
Rakyat Post
6 days ago
- Automotive
- Rakyat Post
Malaysian Discovers RM7,944 Road Tax Bill After Buying Second-Hand Lexus
Subscribe to our FREE A Malaysian man received a shock when he discovered that the annual road tax for his 2004 Lexus LS 430 costs RM7,944 – nearly a year after purchasing the car. The man paid RM35,000 for the second-hand luxury sedan last year. The dealer told him the price was 'all-inclusive,' covering insurance, road tax, and inspection fees. Only when renewing his road tax did he discover the true cost. He initially thought the government website had made an error, expecting to pay around RM790 instead of nearly RM8,000. The high road tax is due to the car's large V8 engine. The 2004 Lexus LS 430 features a 4.3-litre engine that produces 290 horsepower. Why Bigger Engines Mean Bigger Bills Social media users had varied responses to the story: Some joked that paying traffic fines would be cheaper than the road tax Others criticised the car dealer for not disclosing the road tax amount upfront Many advised checking the engine capacity before buying used cars Some compared Malaysia's road tax rates unfavorably to those of other countries In Malaysia, road tax rates increase with engine displacement. Larger engines mean higher annual fees; hence, the Lexus's 4.3-litre V8 engine puts it in a high tax bracket. Car buyers are advised to Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
The Sun
20-06-2025
- General
- The Sun
M'sian woman gets RM8.9K PERKESO claim in just 3 days
A Malaysian woman who fractured her foot while on the way to work recently shared how she managed to receive her PERKESO (SOCSO) claim within just three days. @mikaylamajla said in a Threads post that she submitted her documents on 10 June this year and successfully received a claim from the Social Security Organisation (PERKESO) amounting to RM8,944. Mikayla explained that she had fractured her foot after falling into a drain while dropping off her child at school. At the hospital, doctors informed her that she had sustained fractures in seven different areas and was given two months of hospitalisation leave. That was when she decided to apply for compensation under PERKESO's 'temporary disablement' benefit. She added that she was eligible for the claim even though the incident happened while she was sending her child to school, explaining that she is a single mother. 'If any of you get into an accident on the way to the office, on the way back home from work, or even during working hours and end up in hospital or receive medical leave (MC) for more than seven days, you are eligible to claim temporary disablement benefits. This is your right,' Mikayla said. She advised that after an accident, one should first visit a clinic to get checked, then request a referral letter to a hospital. A specialist at the hospital will then treat the injury and issue a medical certificate (MC). Mikayla stressed the importance of obtaining the MC, as it helps expedite the PERKESO claim process. She also listed the required documents, highlighting that they must be submitted within three months from the date of the accident. According to Mikayla, the necessary documents include: - Form 34 - A copy of your national identification card (IC) - The original MC (make sure to obtain two original copies from your doctor) - Payslips for six months from the date of the accident - An attendance record for the month of the accident - A bank statement (from a local bank only) - A police report from a police station near the accident site - A sketch map clearly showing the route from your home to your workplace Mikayla submitted all the documents to her company's human resources (HR) department and highlighted that the Form 34 must be signed by HR before being submitted to PERKESO. She mentioned that while it is possible to send the documents to PERKESO via email, she chose to submit them in person to ensure a smoother process. 'After speaking to my family and friends, I realised that many of them who were involved in accidents during their work commute didn't know they could claim from PERKESO. That's quite sad. 'Please remember your rights as a PERKESO member,' Mikayla emphasised in her Threads post.
The Sun
20-06-2025
- General
- The Sun
M'sian woman who fractured her foot manages to claim RM8.9k from PERKESO in just three days
A Malaysian woman who fractured her foot while on the way to work recently shared how she managed to receive her PERKESO (SOCSO) claim within just three days. @mikaylamajla said in a Threads post that she submitted her documents on 10 June this year and successfully received a claim from the Social Security Organisation (PERKESO) amounting to RM8,944. Mikayla explained that she had fractured her foot after falling into a drain while dropping off her child at school. At the hospital, doctors informed her that she had sustained fractures in seven different areas and was given two months of hospitalisation leave. That was when she decided to apply for compensation under PERKESO's 'temporary disablement' benefit. Credit - @mikaylamajla/Threads She added that she was eligible for the claim even though the incident happened while she was sending her child to school, explaining that she is a single mother. 'If any of you get into an accident on the way to the office, on the way back home from work, or even during working hours and end up in hospital or receive medical leave (MC) for more than seven days, you are eligible to claim temporary disablement benefits. This is your right,' Mikayla said. She advised that after an accident, one should first visit a clinic to get checked, then request a referral letter to a hospital. A specialist at the hospital will then treat the injury and issue a medical certificate (MC). Mikayla stressed the importance of obtaining the MC, as it helps expedite the PERKESO claim process. She also listed the required documents, highlighting that they must be submitted within three months from the date of the accident. According to Mikayla, the necessary documents include: - Form 34 - A copy of your national identification card (IC) - The original MC (make sure to obtain two original copies from your doctor) - Payslips for six months from the date of the accident - An attendance record for the month of the accident - A bank statement (from a local bank only) - A police report from a police station near the accident site - A sketch map clearly showing the route from your home to your workplace Mikayla submitted all the documents to her company's human resources (HR) department and highlighted that the Form 34 must be signed by HR before being submitted to PERKESO. She mentioned that while it is possible to send the documents to PERKESO via email, she chose to submit them in person to ensure a smoother process. 'After speaking to my family and friends, I realised that many of them who were involved in accidents during their work commute didn't know they could claim from PERKESO. That's quite sad.
GMA Network
19-06-2025
- Business
- GMA Network
CA order for gov't to pay P28B to Hacienda Luisita not yet final, executory —Landbank
State-run lender Land Bank of the Philippines on Thursday said the Court of Appeals' (CA) decision for the Department of Agrarian Reform (DAR) and state-run Land Bank of the Philippines (LBP) to pay P28 billion as just compensation to Hacienda Luisita Inc. (HLI) for distribution of its land to farmer beneficiaries is not yet final as the decision is still being appealed. 'The CA decision is not yet final and executory. A Motion for Reconsideration was filed by the DAR in May 2025 and is awaiting resolution,' Landbank said. 'If sustained by the CA, DAR may elevate the case to the Supreme Court (SC),' the bank said. In a 35-page decision, the CA said the Tarlac City Regional Trial Court-Special Agrarian Court (RTC-SAC) incorrectly computed the compensation for Hacienda Luisita because the amount to be paid in exchange for the property taken should be "real, substantial, full, ample, just and fair, with due consideration to the factors enumerated under Section 17 [on determination of just compensation] of the Comprehensive Agrarian Reform Law." The decision covers 4,500 hectares of Cojuangco family-owned HLI land. 'Respondents are ordered to pay petitioner the total amount of P28,488,944,278.71 as just compensation as of 30 April 2025, without prejudice to the accrual of interest until fully paid," the CA said. In its statement, Landbank clarified that it was 'dropped as a party respondent to the just compensation case [CA-G.R. SP No. 180821, 'Hacienda Luisita, Inc (HLI). vs. Land Bank of the Philippines and DAR'] by the Court of Appeals (CA) in its decision on April 30, 2024.' 'The latest CA decision on the case, dated April 25, 2025, ordering the payment of P28.49 billion in just compensation to HLI is chargeable against the Agrarian Reform Fund (ARF), which is owned by the National Government and administered by the Department of Agrarian Reform (DAR),' the bank said. The state-run lender further said its designated role was as custodian of the ARF, 'in charge of carrying out disbursement instructions by the DAR.' In November 2011, the Supreme Court voted 14-0 ordering the distribution of nearly 5,000 hectares of land to some 6,000 farmer beneficiaries of HLI. In a 56-page decision, the 14 magistrates "recalled and set aside" the option given to the farmer beneficiaries — some of them members of Alyansa ng mga Manggagawang Bukid sa Hacienda Luisita (Ambala) and Farm Workers Agrarian Reform Movement (FARM) — to remain as HLI stockholders. The high tribunal upheld its ruling in April 2012. The sprawling estate had been under the control of the family of former Presidents Corazon Aquino and Benigno Aquino III for around six decades before the SC ordered the total distribution of the property to farmworker beneficiaries.—LDF, GMA Integrated News
GMA Network
18-06-2025
- Business
- GMA Network
DAR, Landbank ordered to pay P28 billion to Hacienda Luisita
The Court of Appeals (CA) has ordered the Department of Agrarian Reform (DAR) and state-run Land Bank of the Philippines (LBP) to pay P28 billion as just compensation to Hacienda Luisita Inc. (HLI) following the Supreme Court's decision ordering the distribution of HLI land to farmer beneficiaries. In a 35-page decision, the CA said the Tarlac City Regional Trial Court-Special Agrarian Court (RTC-SAC) incorrectly computed the compensation for Hacienda Luisita because the amount to be paid in exchange for the property taken should be "real, substantial, full, ample, just and fair, with due consideration to the factors enumerated under Section 17 [on determination of just compensation] of the Comprehensive Agrarian Reform Law." With its ruling, the appellate court granted the petition for review filed by HLI. It also reverses and sets aside the February 15, 2023 decision and August 11, 2023 resolution of the RTC-Branch 63 of Tarlac City, which acted as the Special Agrarian Court. "Respondents are ordered to pay petitioner the total amount of P28,488,944,278.71 as just compensation as of 30 April 2025, without prejudice to the accrual of interest until fully paid," the CA said. The tribunal found that the RTC-SAC "erred," saying that in determining just compensation, "reliable and actual data should have been considered," consistent with DAR regulations, in determining the "fair and full equivalent for the loss sustained by the landowner." "There was data submitted by petitioner HLI for the computation of the Average Gross Income and that it was rejected by DAR Adjudication Board on the purported claim that it was not accurate. There was, however, no proof provided in the said DAR Adjudication Board decision that no data was submitted by the landowner [HLI] or that the data that HLI submitted cannot be verified or validated," the CA added. Further, the CA ruled that the RTC-SAC merely echoed and adopted the findings of the DAR Adjudication Board, which also relied on the valuations made by the DAR and the LBP. "To this Court, petitioner should be compensated fairly and fully in accordance with the equivalent loss sustained by it as landowner. In this regard, an examination of the circumstances of the case at bench showed that the RTC-SAC erred when it did not take into account the actual production value in the determination on how much is the correct just compensation due to petitioner HLI and when it simply affirmed the LBP and DAR's use of industry standard values in determining the land valuation of the CARP acquired properties," the CA said. "In this case, there was a clear admission on the part of DAR in its Answer that petitioner HLI's Audited Financial Statement was available and submitted to them, only that they deny considering them on the general claim, without more, that they cannot be verified or validated. We also checked the Answer with Affirmative Defense filed by LBP but it was not explained therein how the petitioner HLI's data could not be validated or verified," the CA added. The CA said the P28 billion amount for just compensation was arrived at using a prescribed formula that "provides a more equitable and fair computation of just compensation as it factors in various considerations affecting the value, not only of the property at the time of taking, but also of the money which could have accrued to the aggrieved landowner's benefit." "We have also taken into consideration that in computing the land value, the amounts already received by the petitioner in the sum of P471,501,417.98 million should be properly deducted in 2013. Thus, as it shows, the amount of just compensation due to the subject property is Php28,488,944,278.71 as of 30 April 2025," the CA said. In November 2011, the Supreme Court voted 14-0 ordering the distribution of nearly 5,000 hectares of land to some 6,000 farmer beneficiaries of HLI. In a 56-page decision, the 14 magistrates "recalled and set aside" the option given to the farmer beneficiaries — some of them members of Alyansa ng mga Manggagawang Bukid sa Hacienda Luisita (Ambala) and Farm Workers Agrarian Reform Movement (FARM) — to remain as HLI stockholders. The high tribunal upheld its ruling in April 2012. The sprawling estate had been under the control of the family of former Presidents Corazon Aquino and Benigno Aquino III for around six decades before the SC ordered the total distribution of the property to farmworker beneficiaries. — VDV, GMA Integrated News
