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11 November 2019

What is Cash Transaction Limit (CTL)?

The National Coordination Committee to Counter Money Laundering (NCC) conducted a media briefing on 7 November 2019 on the proposed Cash Transactions Limit (CTL) at RM25,000.


The objectives of the CTL is to strengthen financial integrity in Malaysia and complement existing integrity measures. CTL targets large cash transactions that are of higher risk of being misused for illicit activities.


Promoting financial integrity in Malaysia is a shared responsibility – everyone has a role to play.

What is being proposed?

03 November 2019

WTF is this "Delivery Scam"?

NEW SCAM !!! 😠😠😠

This is very clever. I would probably fall for it if not warned. Give this wide distribution. This scam is actually very clever. Just when you thought you'd heard it all. Be very careful out there! Beware of people bearing gifts!



The following is a recounting of the incident from the victim:

28 October 2019

[PRS] Zero Tax Penalty for Housing and Healthcare Withdrawals

Following the recent Budget 2020 announcement that PRS members are allowed to make pre-retirement withdrawals for purposes of healthcare and housing without any tax penalty. (instead of the normal 8% tax penalty, click here to know in details)



For Immediate Family.
Can?

25 October 2019

Why is the Thai Baht so strong? (Oct 2019)


Year-end is coming, and you are thinking to go shopping spree as usual in Bangkok?
Hold on first.
The currency of Thailand is in an upswing lately, reaching a 6 years high level.
That takes its gain to 7.8% this year, more than any of its emerging-market peers, except Russia’s ruble.




 Your shopping spree could be dampened by the sudden surge?
Hmmm...


Let's look at why here...

24 October 2019

Budget 2020: Key Highlights

Budget 2020 tabled at the Dewan Rakyat by Finance Minister Lim Guan Eng, was the second budget from the new ruling government of Pakatan Harapan.



The Budget this time comes with its theme, "Driving growth and equitable outcomes towards shared prosperity".

The following is the Key Highlights of Budget 2020: