20 October 2021

Getting the Cash, Without a Bank

At different stages of life, we need money for different reasons. Sometimes, the things we want to do involves a huge sum of money. It can be to start a business, to expand a business, to make an investment, to buy a property, and others.

Unless you are independently wealthy enough to fund and support the things you want to accomplish in life, at some point in your life, you may need to seek for financial aid.

Creativity, resourcefulness, and networking will play a pivotal role in determining the success of your financial assistance. Without thinking of different solutions, people will just usually turn to the nearest banks for financial assistance. Actually, there are a whole lot of financial solutions out there.  

When people seek for financial aid from banks, they often faced similar problems. Imagine this, you are in need of emergency funds, but yet your loan applications are persistently rejected by the banks. Or the banks are asking you a ton of questions that are only wasting your time and not approving your loan. It can be frustrating, isn’t it?

Banks are banks, they are just made from brick and mortar. They do not feel you or understand you. They only know how to follow a fixed procedure that has never changed since probably the last decade.

Creative finance methods that you should consider

13 October 2021

The new URUS Programme for B50. And, how to define B50 category?

As reported on TheEdge early this month, banks have come up with a counter-proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

On Sept 14, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz announced that the ministry had instructed banks to immediately work on the exemption from interest payments for bank loan moratorium recipients under the B50 category — indicating Malaysians in the bottom 50% income bracket group — for the October to December period of 2021.

Today, Prime Minister Datuk Seri Ismail Sabri Yaakob has announced that the  Financial Management and Resilience Programme (URUS) for borrowers in the B50 income group will be set up by the banking sector soon.

Yeah! we finally can have a glimpse of it. However, what is the programme actually? And, of course, the most popular question being asked by all of you is: "Am I fall under the B50 category?"

Details as per below:

12 October 2021

Malaysia already has THREE Unicorns and they are... (as of October 2021)

Ever since we touched on the topic of Unicorn companies, our readers are very excited and argue that why Malaysia doesn't have a Unicorn (after our very first was being migrated to Singapore - Grab)?

Well well well... As of now (after MOSTI recently announcing that one of their goals is to create 5 Unicorn startups by 2025), suddenly we have THREE, and not ONE. Wow! So effective!

Okay lah... Coming back to the topic, who are they actually?


09 October 2021

Alibaba Cloud appointed as an Official Cloud Service Provider to Accelerate Malaysia’s Digital Transformation

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group has been recently appointed as a cloud service provider (CSP) for the government of Malaysia to help accelerate Malaysia’s cloud adoption and digital transformation.

This appointment was made with the release of the “Guidelines for Information Security Management through Cloud Computing in the Public Service 2021” by the Chief Government Security Office (CGSO) of Malaysia earlier this year.

With the appointment announced, Alibaba Cloud will further help boost the cloud adoption and migration as well as fulfilling cloud-first strategy especially among the government and public sectors in Malaysia by providing an advanced and comprehensive suite of cloud products and services ranging from elastic computing, database service, networking, security, middleware, to analytics and digital intelligence services powered by the two local data centres.

21 September 2021

SC 's Third Capital Market Masterplan (CMP3)

The Securities Commission Malaysia (SC) today launched the third Capital Market Masterplan (CMP3), which will serve as a strategic framework for the growth of Malaysia’s capital market over the next five years. It seeks to leverage on the strengths and potential of the Malaysian capital market to accelerate economic growth that is sustainable and inclusive.

The CMP3 was unveiled at a virtual ceremony officiated by Finance Minister YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.

Speaking at the launch, the Finance Minister said, “The CMP3 fits well into the nation’s aspirations as one of the key enablers that will pave the way for a wider population to participate in the nation’s growth by enabling more inclusive and accessible investment products and distribution channels. With the CMP3 as a strategic guide for our capital market over the next five years, I am confident that it will continue to play an important role in the Malaysian economy.”

06 September 2021

An Investment Scheme from TOP GLOVE ???

Who in Malaysia doesn't know Top Glove? Established in 1991 and headquartered in Malaysia, Top Glove Corporation Bhd is the world’s largest manufacturer of gloves.

Today, the company captured 26% of the world market share for rubber gloves. The company has manufacturing operations in Malaysia, Thailand, Vietnam and China. It also has marketing offices in these countries as well as USA, Germany and Brazil and exports to over 2,000 customers in 195 countries worldwide. In the year 2021, Top Glove was also included the Forbes Global 2000 and is the only Malaysian glove company on the prestigious list. 𛱠

How about Top Gloves Investment?
(Got 's' there means many many gloves?)

We can place our money with the company and they will help us to do investments?

Sure or not?


02 September 2021

Central Bank Digital Currencies testing from BIS Innovation Hub + BNM + MAS + RBA + SARB

Digital currencies issued by central banks?
Is this the future?
Will this really work?

The Bank for International Settlements Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) for international settlements.
  • Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks.

31 August 2021

Malaysia's 1st Pre-Budget Statement, making history today!

Prior to the Budget 2022 announcement, which is expected to be tabled in the Dewan Rakyat on October 29, the Ministry of Finance (MOF) has agreed to publish a Pre-Budget Statement (PBS) for Budget 2022 today. This PBS is the first in the nation’s history.

Why PBS?

It was said that the move is in line with international best practices, whereby a PBS is published to enhance the transparency of the budget process in formulating the annual budget, as well as increase public confidence – particularly among investors – in the country’s fiscal management.

Through the publication of the PBS, the Rakyat can track specific metrics such as:

21 August 2021

2021 Covid-19 Hospitalisation Insurance Coverage (Update)

As Covid-19 cases keep on increasing in Malaysia, there is mounting pressure on insurance companies to play their role by covering the cost of treatment, especially to their policyholders, on top of doing their part on corporate social responsibility.

Although a majority of our policy contracts stated clearly that there is an "exclusion clause on communicable diseases requiring quarantine by law", some insurance companies are kind enough to support the financial well-being of the affected family during this difficult pandemic period by covering the cost of Covid-19 treatment on a goodwill basis.

For your convenience, we have listed the latest info from selected insurance companies in Malaysia and a summary table below.

12 August 2021

What is the new "Standardised Base Rate" just announced by BNM?

Forget about BLR or BR,
And, let's welcome the new Standardised Base Rate :)
Huh? Apa itu?

Bank Negara Malaysia (BNM) announced on 11 Aug 2021 the release of the revised Reference Rate Framework (RRF). The Framework will be effective 1 August 2022. Under the revised framework, the Standardised Base Rate will replace the Base Rate as the reference rate for new retail floating-rate loans.

Reference rates are publicly accessible interest rates that are used by financial institutions as a basis for pricing loans. The Reference Rate Framework was introduced in 2015, which established the Base Rate (BR) as the reference rate for retail floating-rate loans in Malaysia.

Why? Base Rate no good?

08 August 2021

PropertyGuru completes acquisition of iProperty Malaysia

PropertyGuru Group (“PropertyGuru” or “the Group”), Southeast Asia’s leading property technology (“PropTech”) company1, today announced that it has successfully completed the acquisition of iProperty Malaysia and thinkofliving, following its initial announcement on 31 May 2021.

PropertyGuru now owns all of the shares in REA Group Limited’s (ASX:REA, “REA”) entities in Malaysia and Thailand, which include iProperty.com.my and Brickz.my in Malaysia and thinkofliving.com and Prakard.com in Thailand. In exchange, REA now has an approximate 18% equity interest in PropertyGuru.

Another IPO listing via US SPAC route?

06 August 2021

Razer Pay e-wallet is going to END ???

Hey guys, if you're using Razer Pay e-wallet and with balance inside. Please read and act as soon as possible.

The gaming-centric company Razer has posted a notice on its website announcing that the company is ending its Razer Pay e-wallet services in Malaysia and Singapore on 30th September 2021. The app will no longer be available from 1st October 2021 onwards.


"Thank you for supporting the Razer Pay (Beta). Since the launch of the beta, we have been able to test-bed multiple innovative products and features with the valuable feedback provided by our users and partners.

With the end of the beta, we are committed to ensure that all account withdrawal and closure processes are user-friendly and compliant with regulations. We look forward to innovating more solutions in the future for our community."

What happens after the end of the beta?

30 July 2021

BINANCE is ILLEGALLY Operating in Malaysia?

The Securities Commission Malaysia (SC) today announced enforcement actions against Binance for illegally operating a Digital Asset Exchange (DAX). Under Sections 7(1) and 34(1) of the Capital Markets and Services Act 2007, all DAX operators must be registered as Recognized Market Operators (RMO) by the SC.

Accordingly, the SC has issued a public reprimand against Binance for continuing to operate illegally in Malaysia despite being included in the SC’s Investor Alert List in July 2020. In this regard, the public reprimand was issued against Binance Holdings Limited (Registered in the Cayman Islands), its CEO Zhao Changpeng, as well as three other Binance entities, namely Binance Digital Limited (Registered in the UK), Binance UAB (Registered in Lithuania) and Binance Asia Services Pte Ltd (Registered in Singapore).

All four Binance entities have been ordered by the SC to:

18 July 2021

What is Securities Borrowing & Lending (SBL)?

Recently, news reporting that EPF is lending out its Kossan shares for a fee to investors who intend to short the stock. How do we know whether a stock is being lent out? How do we know a stock is under SBL?

In the blog post, let's explore together... Jom...

What is SBL?

Securities Borrowing and Lending (SBL) is a facility offered by Bursa Malaysia to enable the borrowing and lending of securities. The two models of SBL currently offered are Central Lending Agency and Negotiated Transaction.

This is an enhanced lending model that offers temporary loans of securities between the lender and borrower, which expects the price of a stock to fall to hold a short position for a longer duration, while the lender who loans the stock receives a lending fee from the borrower. It's a kinda win-win here for both parties to achieve their respective objectives.

How does SBL work?

16 July 2021

The NEW FTSE4GOOD Bursa Malaysia Shariah Index

Bursa Malaysia Berhad and FTSE Russell, a leading global index provider, on 5 July 2021 launched the FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) index.

This new Environmental, Social and Governance (“ESG”) themed index is designed to track constituents in the FTSE4Good Bursa Malaysia Index (“F4GBM”) that are Shariah-compliant, according to the Securities Commission Malaysia Shariah Advisory Council (SAC) screening methodology.

How many are inside the index now?

11 July 2021

A Complete Guide to Apply Car Loan Moratorium of Public Bank

In conjunction with our previous blog post on loan moratorium being offered by various banks, this is the complete guide of moratorium application for hire purchase of Public Bank.

When you landed on the website of Public Bank, these 3 persons will warm you with their smiles, indicating that they are here to help you during this difficult period. Hahaha. Just click the "More Info" button.

07 July 2021

Should I apply for 6-month moratorium begins 7 July 2021 (today)?

In line with the announcement of the Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (PEMULIH), individual and microenterprise borrowers, as well as SMEs affected by the pandemic, we may start applying for the six-month moratorium from 7 July 2021 onwards.

In this regard, borrowers - whether individuals, microenterprises, or SMEs - should be assured that opting in for the moratorium or any other repayment packages will be easy with no need for borrowers to provide supporting documentation. Approval will be given automatically.

In addition to the moratorium, banks will also offer a reduction in installments and other packages, including rescheduling and restructuring financing to suit the specific financial circumstances of borrowers.

How to apply?

04 July 2021

This guy turned his obstacles into a social learning platform for all Malaysians ~ Fin2u Academy

Are you learning now? Who do you learn from? Where does learning take place? Basically, learning is a life-long process that takes place from the first day we were born into this world. We keep on learning to adapt to different life stages. The current fast-changing job market requires different skills, thus, the demand of re-skill/up-skill to stay relevant. The next question is: “Is there a marketplace for online learning?

Yes. There is. However, most of the platforms out there are either for their own use only, or from overseas. Of course, some people would go to free sites such as YouTube to learn as well.

Alex Yeoh, an engineer turned financial planner, has been giving financial talks in various universities and corporations for the past 8 years, and wanted to digitalise his contents 2 years ago. Embarking into this digital transformation journey is an uphill task for him because he doesn’t know about web building, web design, automation, payment gateway integration, membership system, video hosting, and digital marketing.

“It's difficult for me to find any localised online courses which can guide me through from A to Z and with the knowledge/skills which I can apply straight away here in Malaysia. Luckily, I found my co-founders who shared the same vision and they come with a skillset which complements each other,” said Alex Yeoh, the CEO of Fin2u Academy.

What is Fin2u Academy?

02 July 2021

'Night Trading' to be offered by Bursa Malaysia Derivatives

Bursa Malaysia Derivatives Berhad (“Bursa Malaysia Derivatives”) will be launching an after-hours (“T+1”) trading session (“Night Trading”) by the fourth quarter of 2021, to enhance the attractiveness of the Malaysian derivatives market to traders around the world.

Available for most Bursa Malaysia Derivatives products, Night Trading is a significant development that aligns the Exchange with global market practices. It sets to enhance price discovery of Bursa Malaysia Derivatives’ offerings given the substantial growth in derivatives market participation since 2019.

Last year, the total number of contracts traded registered a 35% growth, increasing to 18.2 million contracts from 13.5 million contracts in 2019, with foreign participants contributing 46% of the total trading volume.

24 June 2021

SC and Bursa Malaysia comments on the statement made by Serba Dinamik Holdings Berhad (23 June 2021) And, the reply from the company...

Finance Malaysia team received a media statement from Bursa Malaysia just now, and judging by a series of coverage on the audit issue of Serba Dinamik by us recently, we have decided to publish it on our blog for the benefit of the share trading community here.

On top of that, we will publish the statement from the Securities Commission as well below... (And, Serba Dimamik's immediate reply to Bursa's query...)

Bursa Malaysia's media statement:

20 June 2021

Affordable advertising made easy with this company - Adwork

SMEs play an important role in fostering growth, employment, and national incomes not only in Malaysia but around the world as well. But, when it comes to advertising and promotions, SMEs are understandably rather hesitant. But the actual hesitance was never about advertising the product, but complexity in the media booking process and high cost involved.

This is a rather large problem, as advertising is simultaneously one of the most important activities for the growth and survival of SMEs, especially in today’s bustling marketplace.

The Solution is here...

With a simple and intuitive eCommerce website, Adwork allows each customer to customize their advertising options as they see fit. First, the customer keys in their budget range and their target demographic, before they are taken to a page with a list of potential advertising mediums and their accompanying prices. Once you’ve selected your media of choice, all that’s left is to upload the creative and make the payment online. Adwork also offers creative service for a small fee.

Can tell us more?

17 June 2021

pitchIN raises RM5.5 million from 322 investors through its own equity crowdfunding campaign

pitchIN, Malaysia’s leading ECF platform, has successfully concluded its first every fundraising exercise. At the end of its equity crowdfunding campaign on Leet Capital, pitchIN chose to accept RM5.5 million from 322 investors.

pitchIN CEO Sam Shafie is delighted with the response from investors. “I thank the investors for their support in making our deal one of the largest ECF campaigns ever in Malaysia. Our campaign target was RM5 million. The campaign ended up with around RM5.65 million raised. To not disappoint investors, pitchIN accepted all investors but returned some of the funds to keep our fundraising amount to RM5.5 million. We take this success as a vote of confidence in pitchIN as well as the prospects of the equity crowdfunding and digital investments industry. We are confident about the direction that we are taking. pitchIN is a fintech and the market opportunity is huge. There are over 900,000 SMEs in Malaysia alone. What we have done to date is just the beginning. pitchIN has lots of potential to unlock”

More info here...

02 June 2021

BNM: "Loan Repayment Assistance is Available for ALL"

MCO 3.0 >>> HELP is available for EVERYONE.

Banks are committed to make the Repayment Assistance process SIMPLE and EFFICIENT. To obtain this Repayment Assistance, borrowers can contact their respective banks and select their preferred loan repayment options.

Upon selection of your loan repayment options, your bank will process your selected repayment option within 5 calendar days for individual borrowers, and 14 calendar days for SME borrowers.

Let's have a look here:

Repayment Assistance Packages for Individuals

30 May 2021

Browse and Buy your Groceries Online at BELI by MyEG (with RM20 off coupon)

Online shopping is the new norm now, spurred by the pandemic lockdown. All of us can avoid going out, minimizing the risk of virus infection by ordering online and get your items delivered to your doorstep. One of the essential items that we need to re-stock is non-other than groceries.

What is BELI?

BELI is an e-commerce platform offering a range of groceries, fresh produce and everyday essentials. BELI aims to cater to the ever-growing demand for a better shopping solution of fresh groceries in Malaysia by providing quality products with on-time delivery to fit your everyday shopping needs.

By sourcing directly from local farmers and fishermen, NAK BELI ensures that only the highest quality, sustainably sourced and grown, produce and products are supplied to end customers in line with fair trade best practices and minimal food wastage. NAK BELI aims to put local, small-scale, sustainable farming back in the food ecosystem by sourcing from growers and communities to encourage a healthier diet and at the same time, ensure a steady income for the farmers.

Wait... BELI same with NAK BELI?

23 May 2021

How to get the RM150 e-wallet credit via eBelia Programme?

After addicted to the two previous similar e-wallet credit programmes namely, ePenjana and eTunai which offered cash disbursements via selected e-wallets of Boost, TNG eWallet and GrabPay, here we come with eBelia Programme.

However, this round is different! GrabPay is EXCLUDED !!!

What is eBELIA programme?
  • The eBelia programme is one of the initiatives announced under Budget 2021 which aims to help relieve the financial burden as well as promote cashless spending amongst Malaysian youths and full time Malaysian students at registered local institutions of higher learning.
  • This programme is expected to benefit approximately 2 million eligible Malaysians, with an allocation of RM300 million
  • Each recipient is eligible to claim e-wallet credit of RM150
  • The claim period for the eBelia credit is from 1 June 2021 to 22 July 2021 and the credit can be spent until 31 July 2021


22 May 2021

A Spooon Full ~ A Whole Food Manufacturer with 4’ principle

"Hi all, nice to meet you! My name is Sofia and I’m the Co-Founder of A Spooon Full. Yeap it is A Spooon Full with triple o in it. You might be guessing why I even need to emphasize on the triple o."
"The name derived, (yeap, I use derived where it is usually a mathematical term) from the way another co-founder work. My co-founder, Yvonne is an Accountant by practice as well as a math enthusiastic and a professional baker. Whatever she does in life has to be precisely measured and calculated. Including baking."

A Spooon Full, the name is an inspiration from one of the very famous baking or cooking tools, measuring spoon. It usually consists of 5 different sizes of spoon ranging from tsp to tbsp. And spooon stands for all the spoon we can get in a chuck of measuring spoon as well as my partner precise measurement all the time whenever she’s baking and cooking. On top of it, it also meant to be A Spooon Full of Love.

A Spooon Full is a Whole Food Manufacturer
What does this mean?

SparkFit - This pandemic-born startup helps you lose weight with workout that fits all your needs

Gaining weight in MCO? This pandemic-born startup helps you lose weight with workout that fits all your needs. 

Gym open, gym closed. Sports and outdoor activities are not allowed and now they are allowed. Covid-19 has made getting fit a little harder with all these uncertain guidelines. Interdistrict travel ban has restricted us to only nearby fitness facilities and Peloton is expensive. The worst of all, staying fit also becomes harder with most of us working from home, where snacks and evil fridges are just a few steps away. Houston, we have a problem.

Facing a similar issue? You are not alone. 

Launched in the time of pandemic 

Who would’ve thought launching a business during the pandemic is a wise decision? SparkFit did. At SparkFit, their goal is to help fitness trainers find more clients, and to help people find affordable, accessible and personalised fitness solutions. The sooner they enter the market, the more impact they can make to the fitness community. 

It all started from Rez, SparkFit’s co-founder. “I myself have had my own struggles with weight loss and getting in shape due to work. Finding a reliable, affordable and flexible personal trainer on the web is a nightmare. After deep diving into this, I knew this is worth pursuing and brings benefits to many of us,” says Rez. 

How SparkFit helps you lose weight?

14 May 2021

This girl decided to move her 'kitchen' from U.S. back to Malaysia!

The first question you probably have is, what on Earth is a micro cloud kitchen? Most know what cloud kitchens are. Essentially, these are commercial kitchens optimized for cost and delivery.

In fact, cloud kitchens have been gaining popularity because of this pandemic. Hawkr's micro cloud kitchens take the cloud kitchen concept one step further. Instead of operating in commercial kitchens, they recruit home cooks who run their own businesses from their home kitchen!

Hawkr's goal is to reduce the cost and barriers for anyone to operate their very own F&B business, all from the comfort of their home kitchens.

The Story starts here...

08 May 2021

What is the 'Target Price' given for Hartalega by various research houses? (May 2021)

All the glove counters in Malaysia were bashed down to their lows recently, but renewed interest resurface again amid resurgence of Covid-19 cases worldwide, coupled by bargain-hunting activity from investors.

However, cautious outlook came as other glove producers such as Hartalega, Supermax and Careplus warned that glove prices are coming off, indicating that ASP may have peaked this quarter.

In this article, we gather some info on Hartalega and below is the summary & target prices given by various research houses.

Recap on the Latest Quarterly Result of Hartalega

04 May 2021

Why the Divorce of Bill and Melinda Gates makes it to the TOP news? Reasons are here...

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," the pair tweeted. Oh no. This is not the ordinary pair, they're extraordinary couple in this world.

By posting the same identical message on their twitter accounts on 3rd May 2021, Bill and Melinda Gates have announced that they are getting divorce after 27 years of marriage, saying "we no longer believe we can grow together as a couple".

While we don't know what exactly happened between two of them, but, social medias have been flushing about this divorce all day long. And, we won't write about the relationship, but we will write about what is related to $$$$$$$$$

The three reasons why this divorce make it to the TOP news!

  1. Among the World's Wealthiest Person Couple

21 April 2021

A Letter from Top Glove's Tan Sri Dr. Lim Wee Chai on 19 April 2021

If you're one of Top Glove's shareholders, you will receive an email letter with the subject: "Top Glove: A Letter from Executive Chairman to Shareholders"

This was like kind of investor relation act from the world's largest glove company, especially after the recent headlines grabbing topic of forced labour in it's Malaysia operation, resulting US Customs and Border Protection (CBP) to issued an order in July last year that barred imports from two of Top Glove's subsidiaries on suspicion of labour abuses.

Even worse, the ban was extended to all disposable gloves originating in Top Glove factories in Malaysia since 29 March 2021.

So, what is it all about?
Curious to know?

Let's enjoy your read below:

20 April 2021

EPF will stop dividend payments to members after 75 years old? Please read this...

What the ???

Many rumours regarding our retirement fund EPF has been circulating in social media all this while (as long as I know there is EPF in this world). Lol. 𛱠𛱠𛱠 And, one of the hot topic is whether EPF will continue to payout dividends to members aged 75 and above?

And, being a financial-focused blog, for sure we have to write about this matter. Please read on...

By the way, why 75 and not 65 or 85 or 95? 

28 March 2021

[E-wallet] 13 Questions about GO+ under Touch'nGo e-wallet (with Answers)

Complaining that e-wallet operators are using our money to roll-over?
That's why it sounds stupid if we put in so much money inside our e-wallet account?

Okay lo...

TNG eWallet has just recently come out with this new feature called GO+ to meet your burning desire, hopefully...

GO+ is a new TNG eWallet feature launched by TNG Digital Sdn Bhd (“TNGD”) which allows the balance in your GO+ account to earn potential returns.

The underlying fund for GO+ is Principal e-Cash – a money market fund managed by Principal Asset Management Berhad (“Principal Malaysia”) that aims to provide investors with liquidity and income.

The balance in the GO+ account should not be treated as e-money, deposit; and is neither capital guaranteed nor capital protected by PIDM.

How do I upgrade to GO+?

27 March 2021

Tax Refund email sent by LHDN? So good ah?

Based on the information gathered, Inland Revenue Board of Malaysia (IRBM) or LHDN would like to alert the public to be more cautious of the modus operandi used by tax scammers, especially during tax filing season.

Don't be a Scam Victim!

What are the tactics being used by scammers?

20 March 2021

Personal Income Tax Relief for YA2020

Hey, it is about time to file your income tax return for this year. In order to help you go through it, let's refer to the quick guide here, especially on the tax relief part. What are the changes this year YA2020 compared to previous year?

Due to the Covid-19 pandemic, some of the newly introduced and enhanced personal tax reliefs are shown below:-

12 March 2021

Energy Commission: The Selected Shortlisted Bidders are...

In May 2020, the Ministry of Energy and Natural Resources (KeTSA) via the Energy Commission (EC) opened a competitive bidding process for Large Scale Solar (LSS) programme by Malaysia Electricity Industry to Attract Renewable Energy Investment (LSS@MenTARI).

Why this LSS project hogging the limelight since then?

Under LSS@MenTARI, some 1,000 megawatts (MW) of solar quota will be offered through the bidding process, and is open to fully-owned local companies or with at least 75% local shareholding for companies listed on Bursa Malaysia.

The quota offered this time is the biggest under the LSS programme:
  1. LSS-1 370MW
  2. LSS-2 520MW
  3. LSS-3 500MW
  4. LSS@MenTARI is 1,000MW

However, the Ministry had set the maximum bidding capacity from each developer at 50MW compared with 100MW previously to give more opportunities for industry players to participate in the bidding process.

And, this round it was being offered in two packages:
  1. First package
    ~ total quota offered is 500MW
    ~ the capacity range offered is between 10MW and less than 30MW

  2. Second package
    ~ total quota offered is 500MW
    ~ the capacity range offered is between 30MW and 50MW

The Shortlisted Bidders are... (updated on 12 March 2021)

11 March 2021

[Maybank2u] Compulsory to use Secure2u starting 15 March 2021?

This is a new thing for Maybank2u users, but many of us just ignored this function by sticking to the old method of receiving SMS tac number. True? Very soon, the SMS method will be phased out by Maybank mainly for better security reason. Hey, it's time to change to Secure2u method!

According to an important announcement made by Maybank, users will be required to utilise Secure2u to authorise Bill Payments and Interbank Giro (IBG) transfers of any amount on Maybank2u effective 15 March 2021.

What is Secure2u?

06 March 2021

What? TradingView also on SC's Investor Alert List?

Please take note, we're not promoting TradingView or whatever. This post is purely sharing the latest updates for our financial related readers here. Either side can have your own opinion and there is no right or wrong here. We strive to provide valuable info to all of you.

First, who is TradingView?

01 March 2021

What should you know before performing BigPay cash top up at 7-Eleven?

In case you haven’t heard, you can now top up your BigPay account with cash at all 2,400 7-Eleven outlets nationwide! Yes. It's cash top up! And, it was like suddenly we have 2,400 places in the country to top up our BigPay now. How?

Topping up your account with cash is super simple. Just go to a 7-Eleven, open your BigPay app and follow these steps:

19 February 2021

MyDIGITAL ~ What does this mean to Malaysia?

The global economy, Malaysia included, continues to endure the severe challenges of the COVID-19 pandemic. This black swan event has affected Malaysians of every ethnicity and social strata as well as workers in both the public and private sectors. Whole industries faced upheavals, and many of our day-to-day interactions are now conducted virtually.

To ensure that no Malaysian is left behind to catch the wave of digitalisation, the time has come for the Government to lay the foundations for the country’s transformation towards an advanced digital economy. This foundation means building the infrastructure, facilitating innovation and creating an ecosystem for all of us to contribute to bring forth higher standards of living, the fruits of which will be enjoyed by all Malaysians.

What is MyDIGITAL?

16 January 2021

E-Wallet DuitNow QR is coming in a BIG way... What is that?

Too many e-wallets?
Too many bank accounts?
Why this merchant only accept Boost and not other? 
Aiyo... Too many apps inside my smartphone lah...
Got any way to consolidate all these e-wallets or banks when I want to transact?

This topic has been lingering around for more than 1 year since the emergence of DuitNow. To recap, 8 December 2018 marks another milestone in the financial industry in Malaysia with the launching of DuitNow money transfer service. (Read blogpost: A New Way of Transferring Money via DuitNow !!!)

Since then, the ideas of consolidating all the e-wallets + bank accounts has been mooted, so to eliminate the hassle of too many e-wallets & bank QR accounts just for the sake of paying/transacting.

Good news is here...

07 January 2021

COVID-19 Special Tax Relief for Individuals

Due to the pandemic crisis, the government has announced several measures to lessen the burden of people and this include some new personal tax reliefs, as well as increases in some existing ones.

Work from home (WFH) folks you've been spot on, and you must know this new tax relief category. Keep reading!!!

  1. Special Tax Relief (for YA2020 only)