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







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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


What?
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 of 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?