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 🦒🦒🦒 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!) 👀💣

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...) 😀😁

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. 👂👂

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 👀💭

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?