In the wake of COVID-19, investors have started debating whether long-dormant inflation risks will soon resurface. Stay-at-home orders and government spending have left consumers with extra savings and pent-up demand that could eventually drive a spending splurge. At the same time, lockdowns have kept many businesses shut, destroying capacity in some sectors of the economy …
The government just announced that all EPF members can withdraw their savings from Account 1 under the i-Sinar scheme. Previously, you had to meet certain requirements, like if you lost your job or got a pay cut, to get approval for withdrawing under i-Sinar. But from 8 March 2021, all applications for i-Sinar will be approved …
The government announced in Budget 2021 that from January 2021 to December 2021, employees must contribute 9% of their monthly salary to EPF instead of the usual 11%, for employees below 60 years old. The option to lower EPF contributions from 11% was mainly given to help workers have more take-home pay if they had …
Changing Your EPF Contribution: How Does It Affect You? Read More »
A true story of how a young man from Sarawak came to Kuala Lumpur for a better life, got buried in debt and is looking for a way out. 19 February 2004. It was a proud date for my family. It was the date on the flight ticket for me, Aliff*, the eldest son in …
The diverse scope of tax reliefs provided by Budget 2021 will help maintain existing investments and also attract new digital investments which will benefit the people, the Malaysia Digital Economy Corporation (MDEC) said on November 7. Chief executive officer Surina Shukri said this would further boost MDEC-focused areas such as catalysing Industrial Revolution 4.0 (IR 4.0), digital creative content …
MDEC: Tax reliefs in Budget 2021 to attract new digital investments Read More »
With the devastating impact of the pandemic still looming over our livelihoods, more and more Malaysians are beginning to understand that financial knowledge has become a necessity for survival rather than an added competence. In an effort to impart valuable life skills to Malaysians through the launch of a virtual workshop, Finance Minister Tengku Datuk …
Paving the Way for Financial Resilience Amidst a Global Pandemic Read More »
Now that we’ve started a new year, you might be planning your finances for the year ahead. With interest rates at the lowest level in history, and the Covid-19 crisis making us all pay more attention to our financial position, you might also be thinking about ways to make your money grow. Investing is a good way …
Gold is a popular investment option. You might think it’s a sure way to make money because you’ve probably heard many people say that the price of gold will never fall. But investing in gold isn’t easy, and is about more than just buying gold bars or jewellery. There are actually many ways to invest in gold. …
Unlike conventional employees, self-employed workers are not employed full-time by a company. They include self-employed workers, e-hailing drivers and delivery riders, homestay hosts and freelancers who provide a range of services, from writing, graphic design, software development and others. Currently, there are more than 4 million freelancers and 160,000 e-hailing drivers in Malaysia. Companies and …
Debt can be overwhelming and sometimes people borrow more money than they can afford to pay back. If you’re in this sort of financial predicament, consider getting assistance from Agensi Kaunselling dan Pengurusan Kredit (AKPK) or the Credit Counselling and Debt Management Agency. Read this article to find out more about their services. Edited and …
What Actually Happens When You Go To AKPK For Help? Read More »
As any developing country in the world, we often come across this. “Oh okay,” you would say. That is the danger right there. Okay. What is okay with you? The fact that it is the only rubbish that you see within this photo, or the fact that you’re not the one throwing it away? Surely you must have thought, “At least I did my part,” …
Getting out of debt is no easy task. Sure, you could spend less and earn more; but that’s not where most people find themselves. Instead, it takes a lot of hard work and commitment to make the problem go away. On some occasions, you might even find yourself needing professional help in the form of …