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: