18 May 2022

Malaysia’s first-ever contactless ATM cash withdrawal service offered by Maybank

"Other than cash money, I don't want to touch anything else!" 😁

If you're this type of person, good news to you. Haha. Maybank has added yet another pioneering service in its digital bank offering by introducing the first-ever contactless ATM cash withdrawal service in Malaysia.

Customers can use this service at some 1,000 ATMs, which will indicate the availability of the contactless cash withdrawal service at the machine. Eventually, this service will be made available at all Maybank-owned ATMs.

How do I get started?

08 May 2022

Background Check on all the Winners of Malaysia’s Digital Banking Licenses

After we've written about the anticipated BNM announcement on Digital Bank license winners, many are curious & wondering why the hottest candidate Grab's name was not on the list?

What? Leading fintech/superapp company Grab is not one of the winners in getting the digital bank license in Malaysia? No worry... Hold on...

In this article, we will be highlighting the company background of all the FIVE digital bank winners (groups/consortiums).

Out of the 5 winning consortiums, 3 of them are majority-owned by
Malaysians, namely Boost Holdings + RHB Bank Berhad; Sea Limited + YTL Digital Capital; and KAF Investment Bank.

For more details, here you go...

29 April 2022

(Serba Dinamik) Resumption of Trading starting 9 May 2022... But, ...

Reference is made by Bursa Malaysia Securities Berhad on 22 October 2021, wherein a directive was issued to Serba Dinamik (SERBADK) to announce the findings from the Factual Findings Update dated 30 September 2021 (“FFU”) (“Bursa’s Directive”).

Arising from SERBADK’s failure to comply with Bursa’s Directive, Bursa Securities had on 27 October 2021 suspended the trading of SERBADK’s securities.

Subsequently, Bursa Securities had also sought to enforce Bursa’s Directive via legal action commenced pursuant to Section 360 of the Capital Markets & Services Act 2007 where the High Court had on 7 February 2022 granted an order to compel SERBADK to, among others, comply with Bursa’s Directive (“Order”).

SERBADK’s efforts to stay the Order pending its appeal had been dismissed by the High Court and the Court of Appeal on 14 February 2022 and 11 April 2022 respectively.

Bursa Securities wishes to draw investors’ attention to SERBADK’s announcement dated 21 April 2022, entitled “Court Order Dated 7 February 2022” (“Announcement”) where SERBADK had announced, among others, the findings from the FFU in accordance with the Order. This is in compliance with Bursa’s Directive.

Therefore, Bursa Securities will be uplifting the suspension of trading of SERBADK’s securities on 9 May 2022 at 9.00 am. Please refer to Listing Circular dated 29 April 2022 for further details.


Here are the 5 Digital Banks of Malaysia (with Boost getting the license)

Finally, wait until neck already looooooong πŸ¦’πŸ¦’πŸ¦’ the winners of the most anticipated digital bank licenses in Malaysia were announced by Bank Negara Malaysia (BNM) today (29 April 2022).

This will mark the new chapter of the local banking industry and also the Fintech industry in Malaysia. We promised that we will be blogging more about Fintech / Digital Bank from now onwards. 😊

All 29 applications received were thoroughly assessed by BNM, which cover the character and integrity of applicants, nature and sufficiency of financial resources, soundness and feasibility of business and technology plans as well as ability to meaningfully address financial inclusion gaps.

Who gets it?
What to expect?

25 April 2022

(Online Banking) Which one is FAKE?

This is a very important message to alert all mobile/online banking users. A viral message was circulating on various social media recently to alert bank users to be careful when making online payments/transfers.

In order to give our readers a clearer picture, we have prepared these pictures here side-by-side.

Here are the two examples of online payment landing pages.
Do you know which one is Real? Which one is Fake?

Answer ______ ?

24 April 2022

Why SC lodges Police Report against Serba Dinamik?

Thinking that the saga will be ending very soon after the recent RM16 million compound issued by the Securities Commission to Serba Dinamik Holdings Bhd and four of its top officials?

Hmmm... Not so soon... Why?

"Since May 2021, there were numerous press reports portraying the company in a negative light. A large number of the press reports concern the actions taken by Bursa and the SC against the company."

"Many of the company’s trading partners had imposed difficult terms on the company for continuation of business dealings. The lenders who had given revolving facilities had suspended the use of these facilities. Essentially, the company was placed in a quagmire," as stated in the Serba Dinamik's company announcement statement on 21st April 2022.

How many pages of the announcement?
Answer: Total 26 pages

The latest twist of the saga is here today (Yeah! Sunday. This is very odd for SC to issue a media statement on Sunday!) πŸ‘€πŸ’£

Below is the media statement issued by SC today!

17 April 2022

How many and why people apply for EPF Special Withdrawal? Here are the statistics...

The Employees Provident Fund (EPF) announces that as of 8pm on 14 April 2022, it has received a total of 5.3 million applications under the Special Withdrawal facility after it was opened to members on 1 April 2022.

The total number of applications is equivalent to
RM40.1 billion. The payments will be made in batches, with the first batch set to commence from 20 April 2022.

(We have prepared a nice infographic below...) πŸ˜€πŸ˜

Based on feedback from members applying for the facility, the three top reasons for applying include:

13 April 2022

SC Imposes Maximum Compound against SERBA DINAMIK?

13 April 2022  |  Kuala Lumpur

The Securities Commission Malaysia (SC) today, with the written consent of the Public Prosecutor, and pursuant to its powers under Section 373(1) of the Capital Markets and Services Act (CMSA), compounded Serba Dinamik Holdings Berhad (Serba Dinamik), its chief executive officer, executive director and two officers for a sum of RM3 million each.

This follows the decision of the Public Prosecutor to accept the representation made to the Attorney-General’s Chambers by Serba Dinamik and the individuals involved regarding the charges pending in court.

Is this the maximum amount?
Who gets another compound?

12 April 2022

How to Qualify for ECF Tax Incentive in Malaysia?

We heard you. πŸ‘‚πŸ‘‚

Many ECF investors are questioning why we cannot see the new ECF tax incentive category for ECF investments in the e-BE form when e-filing our income tax this year? Are you wondering the same also?

[Crowdfunding] What is Equity Crowd Funding (ECF)?

Let's find out the answer here...

11 April 2022

ePemula: Which is the best e-wallet to claim my RM150?

The ePemula programme is one of the initiatives announced under Budget 2022 which aims to :
  • Lighten the burden on youth’s expenses;
  • Encourage cashless spending by youth; and
  • Increase the adoption of cashless transactions by brick and mortar businesses
  • This programme is expected to benefit approximately two (2) million eligible Malaysians, with an allocation of RM300 million
  • Each recipient is eligible to claim an e-wallet credit of RM150
  • The claim period for the ePemula credit is from 11 April to 1 June 2022 and the credit can be spent until 10 June 2022
Money money home, who is the best e-wallet for me to claim RM150 home πŸ‘€πŸ’­

08 April 2022

RM150 e-wallet credit under e-Pemula / e-Start

As per the 2022 Budget announcement, a total of RM300 million will be allocated to benefit around 2 million youths via an e-tunai initiative called e-Pemula or e-Start.

Youth who are qualified will be receiving e-tunai credit as much as RM150 each, via their chosen e-wallet which will kick off in mid-April. Which e-wallet is available for us to choose from? Who is qualified to get the RM150? How to apply?

01 April 2022

[ GOpinjam by Touch'nGo ] Read this 15 points first before you go 'Pinjam' !!!

As the world is evolving digitally nowadays, everything is made simple and convenient with a simple click on your smartphone.

Basically, via an e-wallet as popular as Touch'nGo, you can do wonders with your fingers from making payments, transferring money to friends, paying for toll & parking, ordering groceries & foods & drinks, and paying utility bills, and so on...

Now, you can 'pinjam' (borrow) money also...
  1. What is GOpinjam?

24 March 2022

pitchIN to launch Secondary Market and IEO platforms in year 2022

How can it be more exciting than getting two regulatory green lights within one month? ✌ The year 2022 will be a big year for pitchIN.

In early March 2022, SC gave in-principle approval to pitchIN’s Secondary Market. On 23 March, pitchIN was announced as one of two Initial Exchange Offering (IEO) platforms in Malaysia. 😍 (Click here to read more about IEO in Malaysia)

The Journey since 2016...

pitchIN CEO, Sam Shafie

23 March 2022

What is Initial Exchange Offering (IEO) in Malaysia?

I believed everyone of us here already knows what is Initial Public Offering (IPO), especially if you're one of our long-time followers here. 😁 Now, in this new era, we cannot dunno what is Initial Exchange Offering (IEO) lol. Am I correct?

What is IEO?

15 March 2022

1,000% Returns within 24 hours? Read here!!!

100% returns within 24 hours?
Too slow already lah.
What about 1,000% returns within 24 hours?
Sure bo?

If interested, kindly click this link to join our Telegram group. Wait no more, this group not everyone can join ya, only for those who receive this invitation!

Read here...

13 March 2022

Maybank Home2u ~ Instant Loan Approval?

Are you looking to purchase a new house?
Wondering about your loan eligibility amount?
Concerned about the tedious process of applying for a home loan?

No worry. This new service from Maybank may come to your rescue. It's definitely a piece of good news to lazy people (like me 😁)

Your Solution to Faster and Simpler Home Financing

09 March 2022

Top Glove's 2QFY2022 Result ~ Steady Volume Growth?

Top Glove Corporation Bhd today announced its financial results for the Second Quarter ended 28 February 2022 (2QFY2022), delivering steady volume growth despite the challenging business landscape, as the industry transitions to an endemic stage.

Key Highlights of the Financial Performance

06 March 2022

What is PLC Transformation Programme and its 5 Pillars?

“As one of the key drivers towards building a resilient economy for Malaysia, it is more important than ever to empower PLCs to enhance their market competitiveness, so they can help grow and sustain investors’ interest in our capital market,” said YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.

What can we do?
What is the incentive?
Wow! Got books to study ah? πŸ˜†πŸ˜…

What does this PLCT programme is all about?

27 February 2022

Russia - Ukraine War: What does it mean to the Malaysian market?

Global financial markets, including FBMKLCI, tumbled last week after Russia launched a fullscale invasion of Ukraine. Russia, which has expressed its strong disagreement over Ukraine’s intention to join the North Atlantic Treaty Organisation (NATO), has warned the former founding member of the Soviet Union to renounce this ambition and accept its sovereignty over Crimea.

The million-dollar question now is whether this will evolve into a broader military conflict between nations or can be contained via tougher sanctions or resolved through Ukraine’s submission to Russian demands.

However, the Russia-Ukraine event has resulted in declines in US Treasury yields as investors dumped risk assets in favour of safe haven assets such as US Treasuries. At one time, the yield of the 10-year UST dopped circa 12bps to below 1.90%. Meanwhile, the crisis has also pushed the Brent crude oil to cross USD100/bbl for the first time since 2014.

What does it mean to the Malaysian market?

26 February 2022

Digital Banking ~ Will Traditional Banks go away?

Accelerating the digital transformation for financial services, BNM said it will issue up to 5 Digital Banking Licenses in 1Q 2022.

In addition to enabling the innovative application of technology in the financial sector, digital banks are expected to offer products and services to address market gaps in the underserved and unserved segments. This includes promoting suitable and affordable financial solutions by leveraging the innovative application of technology.

According to BNM, it has received a total of 29 applications from a diverse range of parties, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives, and state governments. πŸ’’πŸ’’πŸ’’

Malaysia's market got potential meh?
Is it a very Profitable Business to venture into?

23 February 2022

8 Steps to Create your BNM eCCRIS Account 100% Online!

Honestly, I always think and feel that Bank Negara Malaysia (BNM) is one of the most efficient government agencies that continue to embrace best practices and keep abreast in this digital era.

(Fuyoh! Will BNM present an appreciation award to me? πŸ˜‚)

Coming back to the topic, BNM announced that effective 18 February 2022, Malaysian individual new users may now directly register for eCCRIS at eccris.bnm.gov.my.

NO physical presence is needed at Bank Negara Malaysia or Agensi Kaunseling dan Pengurusan 
Kredit’s (AKPK) premises for registration authentication. For sure, online registration is more convenient and safer for all of us.

Yes. It's 100% online! 😍

eCCRIS Online Registration Guide for New Individual Users
8 Steps to create your eCCRIS account online:

20 February 2022

Farm Fresh IPO listing ~ Delicious or Not?

One of the most anticipated IPO listing on Bursa Malaysia this year, Farm Fresh has been in the spotlight again lately after announcing that it has signed an underwriting agreement in conjunction with its initial public offering (IPO) on the Main Market of Bursa Malaysia Securities.

CIMB IB is the sole principal adviser and a joint global coordinator, joint bookrunner, joint managing underwriter and joint underwriter of Farm Fresh’s IPO.

Maybank IB is a joint global coordinator, joint bookrunner, joint managing underwriter and joint underwriter. Meanwhile, Affin Hwang IB, AmInvestment, Hong Leong IB and RHB IB are joint underwriters of the IPO.

About Farm Fresh Bhd

16 February 2022

An A.I. Driven Investing Platform ~ Kenanga Digital Investing (with Referral Code)

What is hindering you from investing? Maybe, the conventional way of investing is riddled with technicalities, exclusivity, hidden charges, and high fees, not to mention the long onboarding forms and lack of transparency. Is this your concern?

In fact, today, you no longer need to be a financial whiz to invest. What is the option available to you in this modern era? Answer: We can use technology to demystify conventional investing by having A.I. to take care of your investments round the clock, anytime, anywhere, even when you're sleeping.

Sure or not?
The word A.I. must be very expensive lol?

13 February 2022

6 Sectors that will be Benefited from the Reopening of Malaysia’s Borders

International borders re-opening? Yup, this is what echoed by the National Recovery Council’s proposal to re-open Malaysia’s international borders as soon as 1st March, without the need for compulsory quarantines, and it looks like coming sooner than expected by all of us.

Anyway, this move is in line with that of many countries which have already adapted COVID-19 policies, to move towards a state of endemicity. Of course, the re-opening of borders will definitely help to lift market sentiment and be a significant milestone in the normalization process.

Which sectors will benefit from the reopening of Malaysia’s borders?

08 February 2022

Hartalega's 3Q FY2022 Result ( with Good Dividend? )

Another quarter of declining revenue and profits for one of the world's largest glove makers - Hartalega Holdings Bhd. Anyway, wasn't it already expected by all of us? 🀣

For the quarter ended 31 December 2021 (Q3FY22), the Group registered a lower revenue of RM 1.01 billion, recording a decrease of RM 1.12 billion or 52.8% from the corresponding quarter in the preceding year (Q3FY21).

Profit before tax has decreased by RM 993.5 million or 73.8% to RM 352.4 million, as compared to RM 1.35 billion in Q3FY21.

What can we expect moving forward?

28 January 2022

Top 10 Property Developers in Malaysia 2021

Yeah! This project is launched by Malaysia's Top 5 Property Developer, that project is launched by the Top 8 Developer... Sounds familiar?

No doubt, this is the common slogan / title / header / copywriting posted by your property agent friends in order to attract your attention. πŸ˜†πŸ˜…

All of them also said that their project developer is one of the top, until I was also confused most of the time. Nevermind, after searching around, I got this list which I personally think makes sense to recognize as TOP 10 Property Developers in Malaysia 2021.

*Note: Developers in this list were arranged alphabetically.

Here you go:

17 January 2022

What is Skim Saraan Bercagar (SSB) ~ Reverse Mortgage?

Are you struggling or worried about your retired life? And, do you have a fully paid-up residential property under your name? Good news. 😍😍😍

As a homeowner, you are “asset-rich” through housing equity. Do you know that you can turn your residential property into a fixed monthly income stream throughout your retirement years?

You have an option now to fund your retirement life now with this new scheme called 'Reverse Mortgage'.

What is Skim Saraan Bercagar (SSB) or Reverse Mortgage?

07 January 2022

All you need to know about the "CSR Flood Relief Fund"

Persatuan Insurans Am Malaysia (PIAM) and its members in response to the recent flooding affecting at least 7 states in the country have set up a CSR Flood Relief Fund (“CSR Fund”) to alleviate the hardship faced by the car owners whose vehicles were inundated under floodwater.

The CSR Fund in the form of subsidy for mechanical clean-up cost (excluding repair) at any competent workshops is provided by the general insurance industry over and above existing commitments by insurers to expedite payment of flood claims settlement, waiver of certain mandatory claims documentations, simplified claims process, additional special relief measures that may be provided by the individual insurer.

How much funding is allocated?

06 January 2022

3 Important Points taken from Serba Dinamik's Annual Report (6 January 2022)

Finally, the audit report which all shareholders of Serba Dinamik Holdings Bhd (SDHB) are waiting anxiously for months is out today. However, the annual report comes together with other announcements which are lengthy. Confused? Lazy to read?

No worry. Let us summarise for you in 3 Important Points below:

Deviation or Variance of more than 10% πŸ‘€πŸ‘€πŸ‘€

04 January 2022

Transaction Costs in Trading of Shares Listed on Bursa Malaysia (Effective January 2022)

In light of the Budget 2022 announced by the Minister of Finance, please take note on the following changes with effect from 1st Jan 2022:
  1. Increased stamp duty rate on contract notes from 0.10% to 0.15%
  2. Increased capping amount on stamp duty charge from RM200 to RM1,000
  3. Exemption of service tax on brokerage fee related to trading of shares listed on Bursa Malaysia

However, it's not as straightforward as this... Huh? Let's explore in detail below here...