08 July 2020

SC Cautions Investors on the Usage of Crypto ATMs - No such permit was issued !!!

Have you ever seen an ATM located at certain shopping malls? Shop lots? Not the normal bank ATM, but Crypto ATM...

Today, the Securities Commission Malaysia (SC) would like to caution the public against the usage of Crypto Automatic Teller Machines (Crypto ATMs).

What is Crypto ATM actually?

07 July 2020

Highlights of BNM decision to slash OPR to Record Low !!!

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 1.75%.

The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.00% and 1.50%, respectively.

No thanks for the following reasons... ✂✂✂

25 June 2020

[P2P] What does this new player microLEAP has to offer?

Peer-to-peer (P2P) financing in Malaysia, although it is not new in Malaysia, the industry still has a long way to go. Another player - microLEAP - comes into the picture recently.

Interestingly, the new player is 
the only peer-to-peer (P2P) financing operator in Malaysia that focuses on the microfinance sector, just in time when many local microenterprises struggling to survive the Covid-19 pandemic. (That's the reason why 'micro' has to be inserted as the company's name?)

Having said that, microLEAP provides both shariah-compliant and conventional financing from RM1,000 to RM50,000 to microenterprises. It aims to fill the financing gap for micro-enterprises in Malaysia, which may not be able to apply for loans from banks due to their lack of credit history.

What about investors?

21 June 2020

Two new schemes from Cradle - CIP Ignite and CIP Accelerate

In order to provide fundings to more new start-up companies, Cradle Fund Sdn Bhd is allocating RM26.5 million to fund its two newly launched investment programmes, namely Cradle Investment Programme Ignite (CIP Ignite) and Cradle Investment Programme Accelerate (CIP Accelerate).

According to Cradle, out of the total allocation, RM16.5 million will be used for CIP Ignite with the remaining RM10 million earmarked for CIP Accelerate.

What are the differences?

19 June 2020

[E-Wallet] Read this Cashback offer before heading to Petrol Stations (June 2020)

Petrol prices keep on increasing (when you need it the most after the lockdown period)? Want to save some money during these difficult periods?

No worry. Read this before pumping.