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In this issue

Time flies and already we are into the second half of 2013. We have also just celebrated Hari Raya and I am sure our Muslim friends are now busy recovering from the financial output that comes with big celebrations. This issue it is all about planning your wealth and we look to the experts for their advice. In our special interview with Labuan IFC, CEO Saiful Bahari Baharom reflects on the high income economic response to Malaysia’s government National Financial Blueprint and predicts that there will be a rise in demand for discriminating financial planning services for the wealthy affluent individuals. He also highlights that Labuan IFC has big plans for the rest of the year and will do so with a Wealth Management plan for Year 2013. The plan will serve as a thematic platform, showcasing Labuan IBFC’s wealth management products and capabilities. As for estate planning, Rockwills organised the International Estate Planning Conference and speakers from all over the world were on hand to share with financial planners as well as the general public on the latest developments and trends in both local and overseas estate and tax management. Medical insurance is also one way of securing that your future health issues will not be a burden to your savings. According to the statistics by Bank Negara, there are over 86% of Malaysians who do not have a medical insurance card and Pathlab’s consultant Jack Lee gives us a rundown on the importance of having a medical card. Here at Money Compass, July also saw the conclusion of the Save & Invest Roadshow 2013 whereby we had a series of conferences and seminars held all over Malaysia to encourage not just our readers and those in the financial planning industry but the public on making smart and educated choices when it comes to managing their finances. As usual we hope that you will find this issue full of tips and interesting ways in which you can plan your wealth and generate a healthy financial future. Happy planning! Editor, Shakila Rajendra

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