Recently, IBM attempts to buy over Sun Microsystems for US$7 billion end up with nothing. However, this move might have catalysed Oracle to buy over Sun with a slightly higher price of US$7.4 billion or US$9.50 per share, which just materialized yesterday (20 April 2009) and becomes today's big news.
With this acquisition, Oracle is now extended its domains in IT field from a leading database, middleware and business applications player, to include operating system (Solaris), office suite (OpenOffice.org), application platform (Java), virtualization (VirtualBox), thin clients (Sun Ray), servers, processors & chips (SPARC), storage solutions, accessories, etc.
"The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems," said Oracle CEO Larry Ellison. "Oracle will be the ONLY company that can engineer an integrated system - applications to disk - where all the pieces fit and work together so customers do not have to do it themselves. Our customers benefit as their systems integration costs go down while system performance, reliability and security go up."
Now, Oracle has the well diversified software and hardware capabilities covering almost every angle in the system integration aspect, to rival IBM business as IT giant. IBM is not only a loser in Sun acquisition, but also lost its competitive advantage with the emergence of another full-fledged giant competitor in the IT industry.
Meanwhile, by gaining the control to MySQL, Oracle can also dominate the database world with its enterprise-class Oracle DBMS popular for large scale systems, and MySQL popular for web applications and comparatively smaller scale systems. This will no doubt bringing direct impact to competitors such as Microsoft SQL, Sybase, etc. Again, IBM is a loser as its DB2 will face more fierceful competition.
The world's IT industry has no doubt somewhat shakened by this Oracle-Sun deal. Will there be more mergers and acquisitions, or perhaps alliances formation? Let's wait and see...
Tuesday, April 21, 2009
IBM the loser in Oracle-Sun deal
Monday, April 20, 2009
Make sure your tax exempted allowances are filed correctly in EA Form
In the latest revised EA Form for tax assessment year 2008 (Borang C.P.8A-Pin.2008), there are 2 columns for filing your allowances / perquisites / gifts / benefits provided to you by your employer.
Column to file taxable allowances / perquisites / gifts / benefits:
Item B.1 - Tip kasar, perkuisit, penerimaan sagu hati atau elaun-elaun lain.
Column to file tax exempted allowances / perquisites / gifts / benefits:
Item G - Jumlah elaun / perkuisit / pemberian / manfaat yang dikecualikan cukai.
Among the tax exempt items (not applicable to owner or executive director of the company) are:
- Perquisite (whether in money or otherwise) provided to the employee pursuant to his employment in respect of: past achievement award; service excellence award, innovation award or productivity award; or long service award provided that the employee has exercised an employment for more than 10 years with the same employer (up to RM2000 per annum).
- Gift of new personal computer and monthly broadband subscription fee (registered in the name of the employer) (in year 2008-2010)
- Petrol card, petrol allowance or travel allowance between the home and work place (in year 2008-2010, up to RM2400 per annum).
- Petrol card, petrol allowance or travel allowance and toll card for official duties (up to RM6000 per annum).
- Allowance or fees for parking
- Meal allowance
- Allowance or subsidies for childcare in respect of children (up to RM2400 per annum).
- Telephone, mobile phone, pager and Personal Data Assistant (PDA).
- Bills for telephone, mobile phone, pager and PDA registered in the name of the employee or employer.
- Employers’ own goods provided free of charge or at discounted value (up to RM1000 per annum).
- Employers’ own services provided free or at a discount provided such benefits are not transferable.
- Medical benefits exempted from tax are extended to include maternity expenses and traditional medicines such as ayurvedic and acupuncture.
- Interest subsidies for loans up to RM300,000 in respect of housing, motor vehicle and education loans.
For more detail, please refer to the Explanatory notes to Borang BE [Malay version] [English version].
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Up to RM300 income tax deductible sport items
Being proposed for National Budget 2008 (which unveiled on 7 September 2007) and included in the BE Form 2008 as tax deductible item D8C, an amount limited to a maximum of RM300 is income tax deductible in respect of expenses expended by the individual tax payer for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997 (Akta Pembangunan Sukan 1997).
The sports equipment includes equipment with short lifespan such as golf balls and shuttlecocks, but excluding sports attire e.g. swimsuits and sports shoes.
So what are the activities considered and defined as sports in the Sports Development Act 1997? Here is the list:
- Archery
- Athletics
- Aquatics
- Automobile Sports
- Badminton
- Basketball
- Billiards and Snooker
- Body Building
- Bowling
- Boxing
- Cricket
- Cycling
- Equestrian Sports
- Fencing
- Foolball
- Golf
- Gymnastics
- Handball
- Hockey
- Judo
- Karate Do
- Lawn Bowls
- Netball
- Rugby
- Sepak Takraw
- Shooting
- Silat Olahraga
- Soft Tennis
- Softball
- Squash
- Table Tennis
- Tae kwan do
- Tennis
- Volleyball
- Waterski
- Weightlifting
- Wrestling
- Wushu
- Yachting
Reference: Sports Development Act 1997
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