21 September 2021

SC 's Third Capital Market Masterplan (CMP3)

The Securities Commission Malaysia (SC) today launched the third Capital Market Masterplan (CMP3), which will serve as a strategic framework for the growth of Malaysia’s capital market over the next five years. It seeks to leverage on the strengths and potential of the Malaysian capital market to accelerate economic growth that is sustainable and inclusive.

The CMP3 was unveiled at a virtual ceremony officiated by Finance Minister YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.

Speaking at the launch, the Finance Minister said, “The CMP3 fits well into the nation’s aspirations as one of the key enablers that will pave the way for a wider population to participate in the nation’s growth by enabling more inclusive and accessible investment products and distribution channels. With the CMP3 as a strategic guide for our capital market over the next five years, I am confident that it will continue to play an important role in the Malaysian economy.”

06 September 2021

An Investment Scheme from TOP GLOVE ???

Who in Malaysia doesn't know Top Glove? Established in 1991 and headquartered in Malaysia, Top Glove Corporation Bhd is the world’s largest manufacturer of gloves.

Today, the company captured 26% of the world market share for rubber gloves. The company has manufacturing operations in Malaysia, Thailand, Vietnam and China. It also has marketing offices in these countries as well as USA, Germany and Brazil and exports to over 2,000 customers in 195 countries worldwide. In the year 2021, Top Glove was also included the Forbes Global 2000 and is the only Malaysian glove company on the prestigious list. 𛱠

How about Top Gloves Investment?
(Got 's' there means many many gloves?)

We can place our money with the company and they will help us to do investments?

Sure or not?


02 September 2021

Central Bank Digital Currencies testing from BIS Innovation Hub + BNM + MAS + RBA + SARB

Digital currencies issued by central banks?
Is this the future?
Will this really work?

The Bank for International Settlements Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) for international settlements.
  • Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks.

31 August 2021

Malaysia's 1st Pre-Budget Statement, making history today!

Prior to the Budget 2022 announcement, which is expected to be tabled in the Dewan Rakyat on October 29, the Ministry of Finance (MOF) has agreed to publish a Pre-Budget Statement (PBS) for Budget 2022 today. This PBS is the first in the nation’s history.

Why PBS?

It was said that the move is in line with international best practices, whereby a PBS is published to enhance the transparency of the budget process in formulating the annual budget, as well as increase public confidence – particularly among investors – in the country’s fiscal management.

Through the publication of the PBS, the Rakyat can track specific metrics such as:

21 August 2021

2021 Covid-19 Hospitalisation Insurance Coverage (Update)

As Covid-19 cases keep on increasing in Malaysia, there is mounting pressure on insurance companies to play their role by covering the cost of treatment, especially to their policyholders, on top of doing their part on corporate social responsibility.

Although a majority of our policy contracts stated clearly that there is an "exclusion clause on communicable diseases requiring quarantine by law", some insurance companies are kind enough to support the financial well-being of the affected family during this difficult pandemic period by covering the cost of Covid-19 treatment on a goodwill basis.

For your convenience, we have listed the latest info from selected insurance companies in Malaysia and a summary table below.