22 August 2019

[Enhanced Version] Bank Negara Malaysia’s RM1 billion Fund for Affordable Homes (Aug 2019)

Bank Negara Malaysia wishes to announce enhancements to the RM1 billion Fund for Affordable Homes, which aims to help home buyers from the lower-income group to finance the purchase of their first homes.

The enhancement, which will take effect on 1 September 2019, involves the expansion of the eligibility criteria, as follows:

20 August 2019

EPF Launches i-Invest Online Platform

19 August 2019: The Employees Provident Fund (EPF) today announces that eligible members can now make an informed investment of unit trust funds offered by EPF-approved Fund Management Institutions (FMIs) through the self-service i-Invest online platform within the i-Akaun (Member) portal.

For members below 55 years old, the investment can be funded directly from the eligible portion of members’ savings under Account 1 with a sales charge ranging from zero to 0.5% of the transaction amount.

Enabling Unit Trust Investment Directly From EPF Account...

24 July 2019

IFA - One Stop Mobile Application Solution that Opens Up Top 10 Stock Exchanges

Are you a stock traders/investors?
Do you trade/invest in global shares?
Yes !!!

We're LOCAL investors, but we want GLOBAL exposure!

However, many of us (traders or investors) have been trading global stocks via various platforms including local securities firm, may face the problems as below:

Costly Transaction Fee?
Difficult to Access Global Stocks?
Trading Platform Not Licensed in Malaysia?

Let us introducing International Finance Asia (IFA), a foreign stock trading platform that allows access up to 10 major stock exchanges globally has announced that they are launching their product on 31 st July 2019 to the market and the company prepares for a massive expansion in ASEAN within the next one year amidst the expanding of economy in ASEAN.


16 July 2019

What is "Bursa Anywhere"?

Good news to all local share investors ๐Ÿ‘๐Ÿ‘๐Ÿ‘ 
The Bursa Anywhere mobile app has been launched! You can now access to your CDS Portfolio from your mobile device on-the-go - anywhere, anytime.


10 July 2019

[E-Wallet] Money-Back Guarantee by Touch'nGo eWallet?

In a recent study by Nielsen Malaysia on Malaysia’s shifting payment landscape, only 8% of Malaysians have adopted the use of e-wallets. Why? Withdrawing cash from bank ATM not risky? Using credit card not risky? Online banking transactions not risky?

One of the major reasons highlighted as a barrier to cashless adoption is that 46% of Malaysians are concerned about security measures and fraud risks related to digital payments.

What is Money-Back Guarantee?

07 July 2019

2H19 Outlook will be Better for Malaysia?

Dubbed as one of the worst major global markets by Bloomberg, the benchmark FBM KLCI Index has year-to-date (YTD) slipped 1.10% (1H19) to 1,672.13 level, while the rest of global markets recovered and ventured deep into positive territory. 

Factors that topped the list for the less upbeat mood were:
  • trade war and global recession fear, which resulted in heightened foreign exit;
  • steep correction in crude oil price and ringgit weakness;
  • unexciting valuation and corporate earnings growth versus comparable peers; and
  • still muddy domestic politics as succession issue remain a key sore point along with many unwanted incidents consistently rocking the power base and the cohesiveness of the ruling coalition.

Outlook of 2H19 will be hinges on these few Hot Topics:

02 July 2019

[Insurance] What you need to know about the New Regulations on Investment-Linked Plans? (July 2019)

If you are planning to purchase an Investment-Linked Plan (ILP) insurance policy, then you should take note of the new regulations by Bank Negara that came into effect on 1 July 2019.

In January 2019, Bank Negara released a policy document that set several new requirements that investment-linked insurance providers must adhere to from 1 July 2019 onwards. Why? These requirements were designed with the primary objective of protecting the interests of policy holders.

Continue to read here...

20 June 2019

How to get FREE Petrol from Petronas via Setel ???

Are you a Petronas customer?
Are you pumping petrol regularly?
Are you a Free-bie lover?

If you answered all YES to the above questions, the chances are you would be very much in love with this article. Keep reading on.

SEVEN + ONE Reason why you should start using Setel ???

06 June 2019

Key Highlights of e-Commerce Consumers Survey 2018

The e-Commerce Consumers Survey 2018 (ECS 2018) is the first purpose built survey conducted by Malaysian Communications and Multimedia Commission (MCMC) to understand characteristics and behaviours of e-Commerce consumers in Malaysia.

In addition, the survey also covers challenges faced by consumers to 
adopt e-Commerce.

The survey focused on selected key indicators including the following:
i. e-Commerce experiences;
ii. purchasing;
iii. product delivery;
iv. product return;
v. security and privacy; and
vi. demographics and socio-economics background of consumers and non-consumers.

In the full 49 pages of survey report, let us zoom into these key highlights

31 May 2019

What is the Lending Rate from various banks now? (Updated May 2019)

As most of us already knew, Bank Negara Malaysia (BNM) decided to reduce the Overnight Policy Rate (OPR) to 3% at its last meeting on 7 May 2019. This was the first time of OPR cut since July 2016.
Malaysia Interest Rate
Historical Movement of Malaysia's benchmark interest rate (Overnight Policy Rate)

Consequently, the ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.25% and 2.75% respectively. This in turns will affect all the borrowing rates in Malaysia.

What's the lending rates from various financial institutions following the cut?

Here you go...

11 May 2019

Gold as an Investment. Yes or No?

Since young, our parents or grandparents kept telling us that if we have money, save it in gold. Does this still hold true nowadays given the plenty of investment choices that we are having now❓

In modern days, investors buy gold mainly as a hedging tool against political uncertainties and inflation. On top of that, many investment advisers recommend a portfolio allocation in commodities (usually of only up to 10%), which includes gold, for portfolio diversification purpose to lower down the portfolio risk. 

19 April 2019

What is FTSE World Government Bond Index (WGBI) ???

On Monday, global stock market indices provider FTSE Russell placed Malaysia's market accessibility level in its World Government Bond Index under a review considering a downgrade from the current level of 2 (highest level of accessibility) to 1, due to concerns about market liquidity, at the end of the review period in September.

The downgrade may make the Malaysian local government ineligible for the index that helps with exposure to wider global investors. (Source: TheEdge Market news)

Double Drops !!!

Following the release of the news, Malaysian Ringgit and FBM KLCI tumbles the next day due to heavy foreign selling. USD/MYR hitting a low of 4.14 at the time of writing and seems that it will continue to falls further, if Bank Negara Malaysia decided to lower down the benchmark interest rate (OPR) in coming months.

While investors scramble to react from the news, what is this WGBI actually?

Let us have some understanding and let's get the class started below...

11 April 2019

[UPDATE] Local and Foreign Banks Mortgage Loan Rate (as of 05 April 2019)

The following are the Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as of 05 April 2019.

Source: Bank Negara Malaysia

Follow our active updates via Facebook @FinanceMalaysia

28 March 2019

5 Key Highlights of Bank Negara Malaysia Annual Report 2018

Too lazy to read the full annual report?

No worry... Let us summarise
 for you with these 5 key highlights :)

What's the forecast for 2019 and why?

26 March 2019

How to pay for Prudential policy premium with Boost e-wallet ?

Yes. You see it correctly. E-wallet payments or transactions in Malaysia is becoming one of popular methods, especially youngsters. And, it cross our mind recently, knowing that one of the largest insurance companies here - Prudential - is jumping on the bandwagon to let their policy holders to pay for their policies via e-wallet specifically Boost. (Referral code: yeo31ln)

Wow. That's fantastic to all e-wallet fanatics here. Now, you have another good reason to use Boost for your daily transactions.

What is Prudential's Corporate Website?

08 March 2019

NEW 2019/2020 List of EPF Approved Funds. Does your fund being SUSPENDED ???

Last week, EPF has published its Annual Qualifying List of Fund Management Institutions (FMIs) and unit trust funds under the EPF Members Investment Scheme (EPF MIS) effective 1 March 2019 until 29 February 2020.

For the 2019/2020 period, a total of 382 funds were approved under the EPF MIS, nonetheless only 282 funds, including 9 new funds, from 19 FMIs qualified for offering. This is a marginal increase of 0.7 per cent from the same period last year.

The list of unit trust funds offered under the EPF MIS is evaluated annually based on criteria established by the EPF and approved by the Ministry of Finance Malaysia. Any unit trust fund which falls below the minimum eligibility score will be suspended from offering during the period.

Instead of posting the approved fund list, Finance Malaysia would like to only highlight those suspended funds from some popular fund houses (not all) for your information as below:

04 March 2019

What is EPF's Expenditure Guide called BelanjawanKu ???

Since a reference budget is a useful tool on many levels, the Social Wellbeing Research Centre (SWRC), University of Malaya has started a research programme aimed at compiling a “Reference Budget for Malaysians”, or Belanjawanku, the first results of which are laid out in this publication.

Belanjawanku is a compilation of detailed minimum monthly expenses for different baskets of goods and services consumed by different households, to achieve an acceptable standard of living.

Huh? How much is considered enough?

26 February 2019

How to get 20% Toll Rebates via Touch'nGo e-wallet ?

After knowing the benefits of TNG eWallet and most importantly clearing the doubt/confusion between physical TNG card and TNG eWallet from our previous article (click here to read), it's time to move on to more details on the most important function of TNG eWallet called PayDirect.

What is so Good about PayDirect ???

22 February 2019

Why use Touch'nGo eWallet (not the physical card) ???

Instead of holding the normal Touch'nGo (TNG) card we're using currently, we can opt for the mobile version of it via a new app called Touch'nGo eWallet. However, at this current juncture, you CANNOT reload your TNG card with the app. Don't be angry first. Let's give them sometime to sort things out.

Anyway, you can view your TNG card balance and last 5 transactions real-time via the eWallet app. That's pretty good though!

Abit of Background of TNG Digital

The e-wallet license holding company was TNG Digital Sdn Bhd (TNG Digital) and it is the joint venture entity where TNG is participating as a majority shareholder and Alipay is participating as a minority shareholder. (Bloomberg source) Meanwhile, TNG is a wholly owned subsidiary of CIMB Group.

What can do with TNG eWallet ?

14 February 2019

[Latest] How Was Malaysia Doing in 4Q 2018 ???

Today, yes during Valentine's Day, Bank Negara Malaysia (BNM) released its 4Q 2018 report to the general public. Fortunately, the result is above forecasts with the economy expanded at 4.7% in the fourth quarter of 2018 (Q4 2018), after two consecutive quarters of moderation earlier.

Read the Key Highlights here:

13 February 2019

What is EPF i-Saraan? With 15% Incentive?

Last year, EPF has introduced a scheme called Caruman Sukarela Insentif Persaraan (i-Saraan), designed to allow individuals with irregular monthly income or who are self-employed to save for their retirement while enjoying the same benefits as EPF members.

Why i-Saraan is Important in Malaysia?

Recently, the EPF revealed that out of Malaysia’s 22 million working-age population, 62% were self-employed, outside the formal labour force and not covered by any form of social protection. More and more people became freelancers, Grab drivers, commission-receiving agents, online business entrepreneur nowadays...

So, this scheme definitely is a very good initiative by the Government to ensure that this group of people able to achieve a certain level of savings upon reaching the retirement age. Forced saving is the best way to save up, but this was largely been neglected by this group of people all this. It could become a social problem in the future!

With this, hopefully it could reduce the number of senior citizens who are reliant on program allocations by the Society Welfare Department

15% Government Incentive?
Am I eligible to get it?

12 February 2019

Why You Must use this App, especially AirAsia traveller?

Calling all AirAsia travellers especially, if you don't know this new app, then you're in missing all the goodies due to the following reasons. Firstly, you should know the benefits of e-wallets. Secondly, you should know this e-wallet from AirAsia group called BigPay.

BigPay is the future of payments and money in Southeast Asia. It combined the convenience of a mobile app with the flexibility of a prepaid Mastercard® to allow you to save time and money to transact.

6 Advantages of using BigPay

01 February 2019

A New Way to Save Money in Gold ???

After a turbulent 2018, almost all equity markets (if not all) were in negative territory.

So, coming to the year 2019, how are you going to allocate your money? Equity again? Or, bond papers?

And, more and more people are talking about gold investment now...

Why Save in Gold?
  1. Gold diversifies your savings
  2. Gold does not require large capital (huh? Really?)
  3. Gold is highly liquid (if you chose the right way...)
  4. Gold can be stored securely
  5. Gold is limited in nature
  6. Gold protects you from currencies crisis

Okay. Now we knew the benefits of saving in Gold. Next, in what way can we save in Gold? Well. Instead of the traditional way of buying physical gold and store it ourselves, one can starts saving via gold savings investment account or simply by a mobile app. 

Gold Saving Investment Account?