24 December 2017

How to apply ADAM50 for your baby born in 2018 - 2022 ???

When we have free things from Government, don't miss the chance to grab it. All you need to do is knowing how to apply for it. Right? In this article, we wrote about how to apply for the latest ADAM50 scheme introduced by Government during the 2018 Budget announcement.

What is ADAM50 actually ???
It stands for 'Amanah Dana Anak Malaysia 2050' which was introduced by the government with the co-operation with Permodalan Nasional Bhd (PNB), for all Malaysian baby born in the period of 1 Jan 2018 until 31 Dec 2022. The objective is to encourage parents to kick-start the saving/investment habit since born, with the help of some free incentive units as the initial investment amount.

How much incentive from Government ???

18 October 2017

[Exclusive] Interview with EasyParcel

In Malaysia, we have many new start-up companies which are dynamic and vibrant in today's world actually. Hence, we at Finance Malaysia would like to bring these companies in front of your screen and let our readers know them and be proud of them. 😍😍😍

To kick-start our very first company in this "FM new tech company" series, we are glad to introduce EasyParcel, the local company in this new-economy type of industry.

Let's explore here...

14 September 2017

5 Big Questions Pop-Out from the US-Trump trip !!!

It's strange when many of us read the news saying that the recent US trip made by our PM is somewhat 'surprising'! Before the Trump face to face meeting, it was highlighted that we're not going to the US begging for money. Yes, it's true. However, after the meetup, many Malaysians think that we better go US begging for money instead of giving money to the US. Lol... ☺☺☺

A very expensive US trip ???

20 August 2017

Tourism Tax: What You Need To Know

After various setbacks, the government has finally decided that the tourism tax will be officially implemented from 1st September onwards. Find out how much the tourism tax will be, and the reason behind its implementation.

What is the tourism tax?

11 August 2017

[PRS Nomination] What should I take note?

From 1 August 2017 onwards, every Private Retirement Scheme (PRS) contributors can make a nomination on your PRS savings. The purpose of making a nomination is to make it easy for your loved ones to receive your gift in the event of your passing on. Without your nomination, your loved ones may encounter difficulties when making a withdrawal from your PRS account, which may be a lengthy process.

How to make a nomination???

07 August 2017

What is "Employment Insurance Scheme" and how would it impacting us ???

The new bill has been tabled in parliament for first reading a few days ago. Whether you like it or not, this will affect all the employees in the country once it was being passed. Yup, it's everyone and every employer also!

Let's unveil the amazing Employment Insurance Scheme (EIS)...

25 July 2017

Bursa launches LEAP market. What's that ???

Calling all small-and-medium enterprises (SME) who want to raise funds to expand your business. Meanwhile, for investors, you have another market for you to consider (maybe for diversification purpose or searching for high potential return?).

Introducing Leading Entrepreneur Accelerator Platform (LEAP) !!!

20 July 2017

Great Eastern & Prudential Malaysia planning for an IPO listing ???

Along with the continuous efforts by Bank Negara Malaysia (BNM) to further tightening the local financial industry, insurance companies could be their next focus. Why said so?

Based on a news report by Bloomberg:
'Foreign insurers have until the end of June 2018 to reduce their holdings in local firms to 70% at most, one person said. The country’s central bank has been weighing tougher enforcement of a cap on foreign ownership as it seeks to boost local participation in the industry, people familiar with the matter said in April.'


06 July 2017

Two Important Announcements from ASNB

Are you an investor of Amanah Saham Nasional? It's troublesome to bring your ASNB passbook to update the dividend and transactions annually? Scared that you will misplace the passbook when moving house?

No worry! ASNB heard it and understand your difficulties, thus, they are doing away the passbook from now onwards.

Announcement #1

19 June 2017

Not Worth to Invest using our EPF money ???

Recently, there is an article by Chinese newspaper saying that more than half of the unit trust funds cannot beat EPF dividend rate. This has created a lot of doubts in the mind of EPF MIS investors. Is it true?

Since 1997, the scheme was rolled out by EPF with the approval from the government to let members have the choice to determine their retirement funds investment. Having said so, there is some restriction on the investment withdrawal and subjected to review periodically. The approved funds under EPF MIS has to be reviewed yearly by EPF team based on certain criteria to be met, such as funds' return performances and its' consistency.

Click here to find out the rules of EPF-MIS withdrawal.

  1. High entry fee ???

21 May 2017

The Cost of Living Battle: Kuala Lumpur vs Johor

Johor Bahru was once listed as one of the top ten most affordable cities in Asia to work in by the Nomad List in 2016, though it has recently been ranked much lower at 55th position. Though we aren’t sure of the reason behind this significant fall, one thing is for sure: inflation is beating Malaysians at its best this year.

If you have been wondering about the difference in the cost of living in Johor and Kuala Lumpur, you should take a look at the in-depth analysis of components to compare the cost of living between both cities (based on findings by Numbeo) below.

The Cost of Living in Kuala Lumpur vs. Johor Bahru

29 April 2017

Car Insurance is NOT the same starting July 2017... Good or Bad ???

From July 1 onwards, the premium rates for motor comprehensive insurance will be liberalized where premium pricing will be determined by respective insurers and takaful operators. In summary, it's based on flexible pricing mechanism.

The aim of the liberalization was to gradually move the tariff towards pricing that was more equitable to take into account broader risk factors and reduce cross-subsidisation across business classes and risk groups.

Current Calculation of Premium

Sum assured based on model of vehicle

+ Loading such as driver's age (if any)
+ Additional Benefits (etc. windscreen, flood...)
- No Claim Discount (NCD) of up to 55%

What are the factors included in determining the premium?

28 April 2017

How to Identify it is a Money Game actually ??? Here are 6 of them...

Dubbed as the 'money game country' currently, Malaysia is famous again for the wrong reason. Why these kinds of money game schemes lingering around in Malaysia and attracted so many people to join? And, do we really know how to identify a so-called 'investment scheme' was actually a money game?

Why Malaysia ???

01 April 2017

RM1,000 PRS Youth Incentive (Enhanced version)... It's not April Fool !!!

Although today is April fool, we at Finance Malaysia here talking about this seriously REAL info which is too good to be true. Once again, it's true and let's read on. First, you must understand what is Private Retirement Scheme (PRS) here and then our previous post on PRS Youth Incentive. (Old version)

Enhanced Version with 100% *Guaranteed Return???

08 March 2017

2016 Personal Income Tax Relief... Figure out first before e-filing !!!

It's income tax season now, you can perform your e-filing or m-filing for YA2016. No worry. Finance Malaysia is here with you during these difficult times :)

Below shows the complete list of tax relief for your reference:

03 March 2017

JJPTR is a Scam??? (March 2017)

Requested by many of our readers and followers to write about this very popular JJPTR things, we finally put our pen down on it today due to the latest hoo-ha initiated by Bank Negara Malaysia's latest alert list. No doubt, JJPTR was listed on the alert list for public reference. Why?

Let's first understand a bit on the so-called "investment scheme". All investors are concerned about two things only - return and safety. Okay. We zoom into these two things specifically.

25 February 2017

DBKL Special Discount for Traffic Offenders... (4 Days Left Only!!!)

Once again, DBKL is giving a very special discounted rate for traffic offenders to settle their compounds. Again? Haha... Good things should come every year? Anyway, the offer period is until 28th Feb 2017.

For all unpaid traffic compounds from 2007 till 2011, the charge is only RM10 per compound, while those accrued from 2012 till 2014 is charged at RM20 per compound and those from 2015 to the present is RM30.

What if we still Don't pay?

02 February 2017

How to use our ‘Ang Pow’ money wisely?

It’s the festive season again and Malaysians are blessed with so many different celebrations from different religions and races. During celebrations like Hari Raya, Chinese New Year or Deepavali, it’s a tradition that we give and receive kind of ‘ang pow’. It’s a blessing. But, how we utilize the money given could make a different.

More or less, the money that we received can make our life different if we utilize it wisely. And, below options show us some of the wise ways to use our ‘ang pow’ money.

25 January 2017

How to apply for the Selangor's 'Peduli Sihat' card ?

Another initiative by Selangor state government, the 'Peduli Sihat' scheme launched in December 2016 was aimed to encourage the health conscious of Selangor people so that they stayed healthy and productive. Any term and condition apply? How to apply for it?

Category A:

21 January 2017

Malaysian Stock Investment Made Easy with Bursa Market Place

One of your financial resolutions this year may be to start investing to grow your wealth and stocks is one vehicle that helps you earn gains on your money invested. But where do you start? The Bursa Market Place by Bursa Malaysia Bhd makes investing in stocks a lot simpler. It allows you to trade, clear settlements and make depository services, and it is free to use.

One of the handier features is the 'The Market', a place where you can analyze stocks based on volume trading, price movement, and dividend payouts. There are tools built into the platform which helps you analyze the stocks more simply including Analyst Consensus, Stock Screener, AlphaFactor, Heat Maps, and Daily Espresso.

Not only that... More details here:

20 January 2017

[PLUS Chinese New Year 50% Rebate] Why many people fed up with it?

In conjunction with the upcoming Lunar New Year holidays, operator of the North-South Expressway (NSE), PLUS Malaysia Berhad (PLUS) has identified several strategies to distribute traffic and strengthen its highway operations to assist the public to enjoy a smoother journey on the mainline.

Based on previous festive seasons travelling patterns, PLUS expects traffic on the NSE will be at its peak on 26th, 27th, 28th, 29th, 30th and 31st January as well as 4th and 5th February.

50 Percent Toll Rebate