MYEG Gonna Launch Virtual Asset Fund in Hong Kong?

Zetrix Foundation and MY E.G. Services Berhad (“MYEG”) signed a Memorandum of Understanding (MoU) with MaiCapital, a licensed virtual asset manager in Hong Kong, to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

The MoU focuses on a collaboration to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, which would consist of a basket of cryptocurrencies, such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

Who are in the "Policy Advisory Committee to the Prime Minister (PMAC)"?

Well, during Tun Mahathir's 2nd stint as our PM in 2018, he set up "council of elders" comprising 5 experts from various fields whom will serve as advisors to the then government in order to rectify the then 'troubled' economic problems of the country. (Read here: Knowing the 5 'Avengers' of “Council of Elders” by Tun Mahathir)

Now, our PMX DS Anwar Ibrahim are doing the same by setting up the Policy Advisory Committee to the Prime Minister (PMAC) comprising 4 experts, and it was headed by one of the expert from the previous "council of elders" 👀👌

Who are they?

My Bank Called me asking for Personal Details? Should I Answer it?

Had you ever encountered that your banks called you and seeking additional info from you? Should you picked up the call? Should you answered the questions being posted over the phone?

Aiyoyo... Scam call is very common nowadays. How do we know which call is legitimate or not oh?

Due to the seriousness of this matter, The Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) today reiterate that its member banks will not ask for sensitive customer information such as online banking username and password, and credit or debit card number via phone calls. 

However...

ECF Tax Exemption Filing Guide and Clarification

Well, well, well... To all Equity Crowdfunding (ECF) investors, you should be getting the confirmation certificates for those of you, ECF investors, who are entitled to income tax exemptions for the Assessment Year 2023 (YA2023).

ECF investments made by individuals in 2021 would be eligible for the tax exemption in YA 2023. What are the other eligible requirements? Still remember?

(#Throwback here for you to read: How to Qualify for ECF Tax Incentive in Malaysia?) 👈

Coming back to this topic, how to file it during tax e-filing submission? 👀

New IPO: Prolintas Infra Business Trust

News of the listing of Prolintas has been making the rounds since 2017. Finally, it was being materialised now with the IPO listing. Why this IPO is considered quite unique in the eyes of investors?

First and foremost, there are no pure highway concessionaires that are listed to cater for investors seeking steady dividend returns. Oh really none? Yes, none after the delistings of LITRAK and PLUS.

So, what are the key points for Prolintas?

Quantum Metal Exchange Inc (QMEI) Share Offering?

Sunday, 24 March 2024. Yes, although today is Sunday, Securities Commission Malaysia (SC) still working to release this statement to alert the public. You know how serious is SC on combating potential investment scams in Malaysia.

🚨 Investor Alert! 🚨 

The Securities Commission Malaysia (SC) today has directed Dato’ Lim Khong Soon @ Lim Hock Seng, the Founder and Director of Quantum Metal Exchange Inc (QMEI), to immediately cease and desist the offering of QMEI shares to the Malaysian public.

Share Offering?

MAG Recorded 1st ever Net Profit since XXX years ago

"Amazing", I have to say this 😀. This has been one of the long-term problem plaguing the financial health of the nation, like a cash-sucking entity which we just don't want to dump it.

Sure, we have to write an article on this historic news in order to keep a memorable record here 😄

Malaysia Aviation Group (MAG) achieved positive operating profit for the 2nd consecutive year at RM889mil, a 64% improvement from RM540mil in 2022. Cash balance stood at RM4.3bil with no capital injections from main shareholder, Khazanah Nasional Berhad, since October 2021. 😍😍😍

MYEG Launches BNPL Programme Tailored for Automotive Services

MY E.G. Services Berhad (MYEG), in collaboration with Direct Lending Sdn Bhd, a digital financing platform, announced today the launch of a Shariah-compliant Buy Now, Pay Later (BNPL) programme tailored for automotive services.

This forward-thinking initiative is designed to assist vehicle owners across Malaysia, providing a solution to unexpected automotive expenses without the burden of immediate out-of-pocket expenses for car repairs and services.

How does it works?

Eversendai's share price +90% in one day because of these projects!

Yes, you read it correctly. Share price +90% in one day, not one year. Why is it so "gung ho" today?

In an announcement to Bursa Malaysia today (13 March 2024):

The Directors of the Company wish to announce that EVERSENDAI CORPORATION BERHAD’s subsidiaries in Kingdom of Saudi Arabia (“KSA”), United Arab Emirates (“UAE”) and India have secured new projects worth RM5.4 billion.

What are the MEGA projects?

Read here 👇👇👇

CCRIS and CTOS were not the same meh?

"Since we already have CCRIS, why do we need CTOS?"

"Creditors should look at CCRIS only, not CTOS lah"

"How come CTOS can impact my loan application"

These are some of the common questions posted by netizens all this while (since the birth of CTOS, maybe). Okok. Let us clear your mind with this article.

They looks the same, but different leh 👀💢

(EPF) What are the Differences between Conventional and Syariah accounts?

Introduced in year 2016, the Syariah account is a savings option managed and invested by the EPF in accordance with Syariah principles.

To ensure that the Syariah account is managed in accordance with Syariah as required under section 43A of the Employees Provident Fund Act 1991, a Syariah governance framework is established to govern the Syariah compliance aspects of the EPF Syariah account.

However, many members are still not familiar with the 2 types of EPF accounts and here is the comparison for your ease of reference:

Another E-Wallet going to Impose a Credit Card Reload Fee ~ Boost App

After BigPay and Touch'nGo e-wallet, now there is another popular e-wallet provider that is going to impose a credit card reload fee ~ Boost App.

In an email to all Boost App users (naming them as Boosties), citing that the latest move is needed to balance the long-term sustainability to ensure an #unstoppable journey. 👀💭

How much? When is the starting date?

Bursa Malaysia + IDX + SET + SGX Group = ASEAN Interconnected Sustainability Ecosystem

• Bursa Malaysia Berhad (Bursa Malaysia)
• Indonesia Stock Exchange (IDX)
• The Stock Exchange of Thailand (SET), and
• Singapore Exchange (SGX Group),

Collectively referred to as Participating Exchanges in this context, have announced a collaboration on the ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE).

Wow. Sounds good.

What is the objective?

The collaboration aims to advance ASEAN’s sustainable development through the implementation of common ESG metrics in their respective data infrastructures.

With more intended outcomes 👊👊👊

AEON Bank ~ Malaysia's 1st Islamic Digital Bank

GXBank ~ 1st Digital Bank in Malaysia
Boost Bank ~ 1st primarily Malaysian-owned Digital Bank

AEON Bank ~ 1st Islamic Digital Bank in Malaysia

Okok lah. Everyone is the 1st 🤣🤣🤣

AEON Credit Service (M) Berhad announced that its associated company - AEON Bank (M) Berhad has obtained approval from the Bank Negara Malaysia and the Minister of Finance to commence its digital banking operations in Malaysia. 

This positions AEON Bank as the first Islamic digital bank in Malaysia.

The approval was granted pursuant to BNM’s validation of the Bank’s operational readiness. AEON Bank is also a subsidiary of AEON Financial Service Co., Ltd.

Boost Bank ~ 1st primarily Malaysian-owned Digital Bank with a pioneering embedded Digital Bank app

Following the commencement of our first digital bank to launch in Malaysia ~ GXBank (click here to read), we are now expecting the next one to follow ~ Boost Bank 💖💖💖

Dubbed as the 1st primarily Malaysian-owned digital bank with a pioneering embedded digital bank app, Boost Bank has officially received Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) approval to commence operations as a digital bank with effect from 15th January, 2024.

The Boost-RHB Digital Bank Consortium received regulatory approval ahead of the scheduled timeline, following a thorough operational readiness review validated by BNM.

More info...

How to Check Bank Account & Phone Number of Scammer?

In today's digital age, scams and frauds have become increasingly prevalent, especially when it comes to financial transactions. 💻📱 With the widespread use of online banking and mobile payments, scammers have found new ways to steal personal information and money from unsuspecting individuals.

One of the most common tactics used by scammers is impersonating a legitimate entity, to deceive you to make payments. 😷 This can pose a serious threat to one's financial security and personal privacy.

Therefore, it is essential to know how to verify the legitimacy of a bank account or phone number before providing any confidential details.

In this blog post, we will discuss the step-by-step process of how to check a bank account and phone number of a potential scammer. By following these guidelines, you can protect yourself and your hard-earned money from falling victim to fraudulent activities (hopefully).

So, read on to learn how to stay vigilant and safeguard your financial well-being.