30 October 2022

Revision of Air Miles Conversion Rate for Maybank Cards (effective 1 Sept 2022)

If you are one of the Maybank cardholders and using it frequently to accumulate points for redemption, then you should read this...

It's pretty normal for card issuers to revise their points redemption benefits over time, lowering the benefits by adjusting the conversion rate macam inflation rate.

Here you go...

Maybank wishes to inform you that effective 1 September 2022, the air miles conversion rate will be revised per the table below:

17 October 2022

How does Shopee's SPayLater charges you?

Dear Shopee users, you should read this. I scared that you simply click the button and it charges you without you knowing this. Huh? What's that? It sounds serious...

Of course lah, everything related to our hard earned money, we should act seriously. Objective: Make informed decision.

Okay, firstly, what's SPayLater?

12 October 2022

BNM to iPay88: "Please Beef Up your Security Measures!"

Following the completion of the independent forensic investigation, iPay88 has taken the necessary containment and rectification measures to address gaps that were identified.

In addition, BNM has also instructed iPay88 to undertake additional measures to further strengthen its cyber security controls and IT infrastructure. These measures are aimed at ensuring that similar incidents do not recur in the future and to safeguard against future threats.


05 October 2022

Labuan as Asia's Islamic Digital Asset Centre (IDAC) -- Pioneering New Asset Class

In line with the commitment made by Labuan FSA in the Labuan IBFC Strategic Roadmap 2022-2026, the strategic goal of the Islamic Digital Asset Centre (IDAC), is to attract more digital assets and Fintech players to Labuan, and to carve out a niche in the digital Islamic finance space.

This is unique in the world and will provide an alternative platform to the conventional digital finance landscape.

As demand for sustainable finance is on the rise, the delivery of Islamic financial instruments is given a new lease of life, brought about by the advent of Islamic Fintech or the digital delivery of Islamic finance.

First of its kind in this world?

02 October 2022

In Numbers: An Overview of Malaysia's Insurance and Reinsurance Industry

The insurance and reinsurance sector is a significant catalyst for many nations’ economies, including Malaysia’s. Get to know more about our insurance and reinsurance industry with these concise facts and statements below — captured in numbers.

  • What is the minimum amount of capital legally required for a reinsurance company in Malaysia?
  • RM 10 million 😨

Malaysia’s insurance companies and reinsurance institutions make up the reinsurance industry which plays a crucial role in maintaining the financial stability of insurers.