Traders Fair

26 May 2020

The 6 Reasons explaining why did Bursa Rally despite the Looming Recession

Just as curious as you did, most investors are scratching their heads now. If you're the one who cut your stock holdings in mid-March, and by keeping more cash on hands, waiting for better timing to re-enter the market again, then you must continue to read on.

When writing this, the global stock market has just had an amazing rally in April & May despite a looming recession ahead. Do you feel puzzled and frustrated by this?

Here, we pointed out the 6 reasons that spark-off the current rally:

24 May 2020

[Update] Eligibility Broadened for Covid-19 Test Fund (CTF)

The eligibility criteria for the RM8 million Covid-19 Test Fund (CTF), jointly set up by LIAM, PIAM, and MTA has been broadened to include Emergency and Semi Emergency cases.

Policyholders/certificate holders with medical and health insurance are now entitled to reimbursement of up to RM300 from the CTF if they are required to undergo the COVID-19 screening before their emergency or semi-emergency surgeries.

What is the definition of emergency & semi-emergency?

21 May 2020

eToro was added to SC Alert List !!!

Following the much-hyped of the legality of an investment platform in Malaysia, today there is the latest movement from the local regulator.

Here is the move:

01 May 2020

RM3,000 Special Grant to Micro SMEs. How to apply?

As announced in early April 2020, an enhanced Prihatin Plus (Pakej Prihatin PKS Tambahan) package was dished out to help our small and medium-sized enterprises (SMEs). And, one of the packages is the "Geran Khas PRIHATIN (GKP)" to all micro SMEs.

What is the definition of micro SME?
How to apply?
When is the payment?

Who is eligible to apply?

FAQs on Hire-Purchase and Fixed Rate Islamic Financing Products (1st May 2020)

Hopefully, this latest FAQs from Bank Negara Malaysia could clear your doubts on the confusion since yesterday.

It was previously announced that the 6-month payment deferment for Hire Purchase (HP) and fixed-rate Islamic financing is automaticHas there been a reversal in this decision?

30 April 2020

A Big U-Turn on Moratorium for Hire-Purchase Loans? (30 April 2020)

Following the announcement by Bank Negara Malaysia (BNM) on the 6 months moratorium on loan repayments in March 2020, it took a sudden change of procedures on hire-purchase loans (car loans) today.

To recap, please click the below link to read our earlier blog post:

With the topic "Operationalisation of Moratorium for Hire-Purchase Loans and Fixed Rate Islamic Financing", BNM today issued an announcement to the general public.

What is that?
What should I do?

23 April 2020

A Historic Post on Negative Crude Oil Price (20 April 2020)

Since this was such a historic event, how can we leave this out from our blog? On 20 April 2020, the US May oil futures contract went into negative territory for the first time in history and hit a record low on thin volume, ahead of next week’s expiration.

Why did this happen?
How about Malaysia?

09 April 2020

How to get the RM300 Covid-19 Test Fund?

The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have established the COVID-19 Test Fund (CTF) to support the Ministry of Health’s (MoH) efforts to conduct more COVID-19 testing for the benefit of medical insurance policyholders and takaful certificate holders. RM8 million has been pledged by the insurance and takaful industry to this fund.

Medical insurance policyholders and takaful certificate holders may apply for reimbursement up to a maximum of RM300 for COVID-19 testing (one reimbursement per individual) to maximize the number of tests that can be supported by the CTF.

Who is eligible to claim from the CTF?

01 April 2020

How and Should I Apply EPF i-Lestari Withdrawal?

In order to ease the financial burden of Malaysians during the current Covid-19 outbreak, the prime minister had announced on 27 March 2020 that Employees Provident Fund (EPF) members will be allowed to withdraw up to RM500/month from their EPF account.

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Available from today 1st April 2020 onwards, this withdrawal facility is known as i-Lestari. A monthly withdrawal that aims to relieve the financial burden of our members.

Who is eligible?

How to apply?

Should I withdraw?

29 March 2020

Complete Guide on Deferment of Insurance Premium Payment

Do you have one or more life insurance policy/ family takaful certificate?
Do you have one or more general insurance policy/ general takaful certificate?

If your answer is YES to either question. Then, please read on...

As announced during the "Prihatin Economic Stimulus Package" by our prime minister on 27 March 2020, family takaful and insurance companies will offer a 3-month suspension on premiums by contributors whose source of income is affected by the pandemic.

Is it Automatic?

[Deferment of Loan] With or without compound? Interest-free? House vs Car loan?

Yup. We know that this topic is not easy to understand, yet it shouldn't be difficult to know. Why? Because it's all about our money matters. That's why we rather take some time to write about this, instead of giving you readers a quick conclusion.

We still have a few days to decide to opt-in or opt-out from the offer given by respective banks on the deferment of loan/financing.

How is it works actually?
Click here to read our previous article on the measures announced...

Now, let's jump to the advance part which most of us are concerned about.

Here you go...

Q1) Should we Opt-out from the measure of deferment?

25 March 2020

BNM Loan/Financing Deferment Measure. How it works actually? (March 2020)

Bank Negara Malaysia (BNM) today announces a number of regulatory and supervisory measures in support of efforts by banking institutions to assist individuals, small and medium-sized enterprises (SMEs) and corporations to manage the impact of the Covid-19 outbreak.

How is it works actually?

19 March 2020

BNM Slash Statutory Reserve Requirement (SRR) Ratio!!! (19 March 2020)

In view of the severe economic impact due to Covid-19 and 'movement control' imposed by the government, Bank Negara Malaysia steps up its effort to mitigate an economic shock today.

In a statement from the central bank today, it announces that the Statutory Reserve Requirement (SRR) Ratio will be lowered by 100 basis points from 3.00% to 2.00% effective 20 March 2020. In addition, each Principal Dealer is able to recognize MGS and MGII of up to RM1 billion as part of the SRR compliance.

How much liquidity to be released from such a move?

08 March 2020

[UPDATE] Local and Foreign Banks Mortgage Loan Rate (as of 6 March 2020)

The following are the Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as of 6 March 2020.

Source: Bank Negara Malaysia

* Indicative effective lending rate refers to the indicative annual effective lending rate for a standard 30-year housing loan/home financing product with a financing amount of RM350k and has no lock-in period.

Follow our active updates via Facebook @FinanceMalaysia

Other blog posts that you may not want to missed:
  • Local and Foreign Banks Mortgage Loan Rate (as of 31 Jan 2020) Click here to read...
  • NEW Base Rate: Good or Bad? (Click here to read...)
  • Understanding the NEW Base Rate effective Jan 2015 (Click here to read...)

02 March 2020

Malaysia Political-linked Stocks to Watch Out for

After almost 2 years of political changes in Malaysia, the Pakatan Harapan (PH) government was officially collapsed on 1 March 2020. With the change of guard and swearing-in of Tan Sri Muhyiddin Yassin as the new prime minister of Malaysia, the would-be ruling coalition will be comprising BERSATU, UMNO, PAS, MCA, MIC, GBS (forming a coalition called Muafakat Nasional)...

The reaction of the stock markets will be focusing on those political linked-companies. And, below is some of them (if not all) based on our own records. Disclaimer: Please do your own research and study before buying and selling of shares.

Image result for mahathir

Tun Mahathir related counters:

23 February 2020

Insights into EPF 2019 Performance

The Employees Provident Fund (EPF) delivered a solid performance for 2019 in terms of both its operational and financial results, allowing it to declare a dividend of 5.45% with a payout amounting to RM41.68 billion for Simpanan Konvensional.

Meanwhile, EPF declared a dividend rate of 5.00% for Simpanan Shariah 2019, with a payout amounting to RM4.14 billion.

What did EPF say?
Why differing Dvididend Rate for Conventional & Syariah?
Outlook for the year 2020?

18 February 2020

[COVID-19] Extra Coverage from various Insurance Companies (Feb 2020)

Having a new official name as COVID-19, the deadly virus already infected more than 70,000 people and claimed more than 1,500 lives worldwide (and still counting...). It caused an extensive health scare and has since received wide media coverage.

Image result for COVID19 malaysia

And, one of the most common questions asked was "Is it covered by insurance?" Read our earlier article on "Health Insurance / Takaful Coverage for Novel Coronavirus (2019-NCOV)".

As of 18 Feb 2020, there are three insurance companies announcing that they are giving extra coverage / financial assistance for policyholders who diagnosed with COVID-19, on top of the medical/hospitalization coverage mentioned above.

Which Insurance Companies?
What kind of coverage provided?
Coverage is for policyholders only or family members?

Let us summarise for you here. (Hey, please give us a 'Like' 👦👧).

UPDATED VERSION on 25 March 2020

08 February 2020

What is "SSPN-i Loyalty Rewards 2020" ???

On 5th Feb 2020, the National Higher Education Fund Corporation (PTPTN) announced a 4% dividend for 2019 for two of its savings plans, namely SSPN-i and SSPN-i Plus. How soon can we get the dividend? The answer is 8 Feb 2020. (very fast oh!!!)

On the same day, PTPTN also announced that SSPN-i account holders would receive 1% on top of the annual dividend, to reward those who had been consistently saving for their children’s education through the SSPN-i Loyalty Rewards program.

What is this "Loyalty Rewards"?

Should we grab it?
Am I qualify?

Let us brief you here:

05 February 2020

What is "Domestic Systemically Important Banks (D-SIB)"?

Bank Negara Malaysia (the Bank) today issued the policy document on Domestic Systemically Important Banks (D-SIB) Framework, which sets out the Bank’s assessment methodology to identify D-SIBs in Malaysia, and the inaugural list of D-SIBs.

Too-Big-To-Fail ???

02 February 2020

[UPDATE] Local and Foreign Banks Mortgage Loan Rate (as of 31 Jan 2020)

The following are the Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as of 31 Jan 2020.

Source: Bank Negara Malaysia

Follow our active updates via Facebook @FinanceMalaysia

Other blog posts that you may not want to miss:
  • NEW Base Rate: Good or Bad? (Click here to read...)
  • Understanding the NEW Base Rate effective Jan 2015 (Click here to read...)

31 January 2020

Health Insurance / Takaful Coverage for Novel Coronavirus (2019-NCOV)

The Life Insurance Association of Malaysia (LIAM) and Malaysian Takaful Association (MTA) wish to inform that all life insurance companies and takaful operators will provide hospitalisation coverage/treatment due to Novel Coronavirus (2019-nCoV) to their policyholders/certificate holders.

The World Health Organisation (WHO) has just declared the outbreak of the coronavirus as a global health emergency.

“Even though a majority of the medical policies/certificates carry an exclusion on communicable diseases requiring quarantine by law, the Malaysian life insurers and takaful operators are responding to an immediate need of the nation by waiving the exclusion on quarantine by law in light of the increasing number of people who have been affected,” announced by Mr Mark O’Dell, Chief Executive Officer of LIAM. 

21 January 2020

[Property] Really can "Rent with Zero Deposit" with SPEEDHOME ???

Renting a house through online platforms has become a new trend. However, what catches the attention is the “ZERO Deposits” package to help the tenant to rent easier.

Is it true?
How could it be?
It is good for renters, but, how about landlords?

Established in 2015, Speedrent Technology Sdn Bhd combines protection and technological innovation in the house rental and property market.

Partnered with Allianz General Insurance since 2017, the company provides an accessible and secure home rental platform for landlords and tenants. Landlords can secure their property with Allianz General Insurance up to RM42,000 or room up to RM 3,700 while tenants can rent with ZERO Deposit.

Wait... Speedrent?
Yup, that's the previous name. 
In 2019, Speedrent started a new chapter and rebranded it - as SPEEDHOME !!! Open an account (click here).

How it works actually?