25 September 2019

EdgeProp is the First Property Crowdfunding Platform (PCF) in Malaysia

The Securities Commission Malaysia (SC) today announced that it has registered EdgeProp Sdn Bhd (EdgeProp) as the first Recognised Market Operator to establish and operate a Property Crowdfunding (PCF) platform in Malaysia, following the revision of the SC’s Guidelines on Recognised Markets in May 2019. EdgeProp was granted an approval in principle in September 2019.

PCF vs ECF vs P2P

20 September 2019

Initiatives to Assist Home Buyers (Sept 2019)

Malaysian house prices continued to increase at a more moderate pace, especially in Kuala Lumpur, Selangor, Johor and Penang. House price growth was supported mainly by sustained demand for more affordable properties, while activity in the higher priced condominiums and apartments remained weak.

Some signs of market recovery were observed in the first quarter of 2019 as housing transactions both in terms of volume and value recorded sharp increases.

Housing transactions were largely driven by houses priced below RM300,000, reflecting continued demand for affordable housing across most states. Demand for housing was also boosted by various public and private sector initiatives to lower housing costs (as below).

Initiatives to Assist Home Buyers:

14 September 2019

Relaunch of HSBC Amanah MPower Platinum Credit Card-i (+ eWallet Benefits?) Sept 2019

Recently, HSBC announces the re-launch of HSBC Amanah MPower Platinum Credit Card-i with improved benefits, effective 3 October 2019.

With this re-launch, the existing Terms & Conditions for HSBC Amanah MPower Platinum Credit Card-i Programme (effective 1 January 2019) will expire on 2 October 2019 and will be replaced with the new Terms & Conditions for HSBC Amanah MPower Platinum Credit Card-i Programme (effective 3 October 2019), which will apply to all new and existing HSBC Amanah MPower Platinum Credit Card-i Cardholders.

Please find below the new HSBC Amanah MPower Platinum Credit Card-i features:

(Click to enlarge)

While many other credit cards already started to remove e-wallet related transactions for their cashback or points entitlements, the action by HSBC Amanah to revamp their program by including e-wallet (although not all of them) is seen as a timely move to capture the needs of e-wallet community/users.

Want to know more in details?

Follow more e-wallet related updates via Facebook @EWallet Malaysia

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07 September 2019

[TNG eWallet] Good News! Unlimited Toll Rebates and FREE PA Coverage! (Sept 2019)

The awesome toll rebate is back! This time it is even better.

For every friend that signs up with Referral Code: esj2qy, you will get 3x 100% toll rebates. And, you can share it with your friends also to enjoy the same benefit.

So, you can potentially earn UNLIMITED TOLL REBATES !!!

That's not all, you will also enjoy FREE Personal Accident Coverage worth RM10,000 !!! Just continue passing through toll with PayDirect/RFID (click here to read our earlier blog post on PayDirect) to be eligible.

What's the term and conditions?
Any maximum toll rebate capping?
This campaign will last until when?

Sharing the Lesson Learned from a Failed China F&B Investment

Reported in various Chinese media (newspapers and TV news channels) recently, one of the victims ignored the negatives comments from netizen and determined to speak up her 'unfortunate' lesson learned from this fail investment.

This has come to our attention, and we at Finance Malaysia think that this could be a good awareness post for our readers here. With this, we hope that readers would know the risks of investing abroad, like what she faced.

Source: Prudence Wong's Facebook

Below content is taken from Prudence Wong's Facebook post: