Day: June 2, 2021

How to Cope With Money Stress Due to the COVID-19 Pandemic

For many of us, the COVID-19 pandemic has caused a lot of money problems and put a significant strain on many families and businesses. Suffice to say, our global economy has been hit hard by this pandemic and we can all feel the impact of it. Due to this circumstance, we indeed confront various challenges, …

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4 Simple Tips to Get Your Kids Practising Smarter, Savvier Money Habits

According to Malaysia’s Financial Education Network National Strategy Report in 2020, 53% of Malaysians have savings enough for only three months’ worth of expenses. Only 29% realise the importance of saving money for emergency funds since the first Movement Control Order was implemented in March 2020. This further emphasises the importance of financial literacy. Set …

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Which Equity Sectors Can Combat Higher Inflation?

The sharp rise in bond yields recently has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured by the yield difference between nominal and inflation-protected US Treasury bonds, have rebounded sharply from their pandemic lows and are now at 2.5% – their …

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Bank-related Scams: How to Keep Your Money Safe Online

One of Malaysia’s largest banks recently issued a scam alert warning to its customers about a new fake website created by fraudsters to steal customer’s banking details, which include username and password. Links to these copy-cat sites are normally sent through SMS, email, or social messaging platforms with an urgent note requesting the recipient or customer to …

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Fighting Corruption Requires a Pandemic-like Response

What do corruption and the COVID-19 pandemic have in common? They both have deep and widespread repercussions for development in all countries. If appropriate curtailment measures are not taken on time, the pandemic will rage across the entire population with its impact felt by future generations. Corruption has a similar effect on economic, political, and …

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What Entrepreneurs Should Know When Raising Funds Post-COVID-19

Due to the global COVID-19 pandemic, investors have become more selective with their investments now more than ever, and for good reasons. Market volatility, combined with the uncertain economic outlook for most industries, has made it more difficult for most startups and businesses to raise funds for sustenance or growth. According to investment professionals, the …

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3 Effective Ways to Improve Your Investment Performance

Investing can be a great way to secure or bolster your long-term financial future. Depending on what you want from your investment strategy, it’s possible to tailor it so it’s more or less risk-averse. This will usually be determined by an investor’s overarching goals i.e. whether they want to prioritize profit or security. While buying …

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How to Keep Your Financial Data and Personal Information Safe Online

A recent Kaspersky report titled “Making Sense of Our Place in the Digital Reputation Economy” discovered some types of personal information are sacred to social media users in Southeast Asia (SEA), which they prefer not to share or store online. The report studies attitudes of individuals in Asia Pacific towards building a secure and reputable online identity …

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A Retirement Plan for the Self-Employed

Alarge segment of the working population in Malaysia is self-employed or work in the gig economy. Drawn by the flexibility to choose which projects to take on, the opportunity to accumulate diverse work experience and the autonomy to set their own working hours, many gravitate towards the entrepreneurial route to pursue their dreams and chart …

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4 Steps to Keep Your Retirement Savings on Track in the New Normal

These unprecedented times pose uncertainties to our personal finances, which has the potential to affect our retirement savings too. If you had planned to retire by a certain date with a certain amount in your retirement nest, should the current crisis change your savings strategy? Private Pension Administrator Malaysia (PPA), as the central administrator for …

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Five reasons why employers should have PRS at the workplace

All of us aim to have enough money saved up for retirement. However, almost six in 10 Malaysians in the corporate sector have not started preparing for their retirement, according to a 2020 research by Private Pension Administrator Malaysia (PPA), the central administrator for the Private Retirement Schemes (PRS). With the latest data from the …

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