EcoWorld Creates Home Concepts Based On Your Needs

It’s common to hear of customised insurance, retirement plans, and investment portfolios, but how about a home that is personalised to your needs? When buying a home, many people might compromise ample space for a strategic location or feel stuck with limited layout options that do not satisfy all their requirements.

EcoWorld’s latest campaign, Together We Create puts their unique co-creation concept in the spotlight, based on homebuyers’ needs. To name one is their innovative product, Co-Home, a concept that allows families to experience landed living with their parents being close to them while retaining their own privacy.

Read on to find out how EcoWorld’s home concepts can benefit homeowners.

Families enjoy landed-living lifestyle but not under same roof

Perhaps it’s the values ingrained in our minds from young or our own experiences of having lived with extended families growing up, many Malaysians are family-focused and community-based. For instance, even after starting their own family and leaving the nest, some people would still spend weekends with their parents. For the modern Malaysian, perhaps the ideal living situation is being close to your family while having your own private space.

EcoWorld introduced the Co-Home, a double-storey terrace house split into two separate units. This way, two families can live together but still be able to enjoy their own time in their private space. Alternatively, you can also opt to purchase only one of the two separate units in the double-storey terrace house to enjoy landed living. Currently, three EcoWorld projects offer the Co-Home series in the Klang Valley which is located at Eco Ardence, Eco Grandeur, and Eco Forest.

Located just before Setia Alam, the freehold Eco Ardence is a sprawling 533 acres of serene suburban development complete with clubhouse facilities and five-tier security. It provides excellent connectivity to key destinations via major highways like the New Klang Valley Expressway (NKVE), ELITE Highway, Federal Highway, and Guthrie Corridor Expressway. Ember, the last phase of landed residence in Eco Ardence, is offering Co-Home sized from  1,157 sq ft to 1,343 sq ft with practical layouts of two bathrooms and three bedrooms.

Interested to know more about Eco Ardence’s latest products? Click
here
 to talk to their sales representative.

Meanwhile, nestled in Bandar Puncak Alam, away from the hustle and bustle, is leasehold Eco Grandeur. The self-contained township features 1,400 acres of diverse living with facilities such as a camping site, playground, linear garden, edible garden, barbeque pit, and gym; there’s never any need to leave your home. Regent Garden in the Eco Grandeur township features Co-Home sized 1,000 sq ft with a monthly instalment from RM1,820* only.

Click
here
 to find out more about Co-Home at Eco Grandeur.

For those who appreciate a habitat inspired by lush flora and soothing lakes, you may consider the 515 acres Eco Forest development in Semenyih that is surrounded by educational institutions and recreational facilities like the Tenby International School, Broga Hill, and more.

For more info on Co-Home at Eco Forest, click
here
.

Green oasis amid urban cities

Since the pandemic, many people have realised the importance of quality living complete with an outdoor space for exercising, relaxing, and more. The Garden Homes Series, is another home concept, which features a private side garden area so homeowners can enjoy the best of indoor and outdoor lifestyles, especially if you’re a plant parent, or with kids who like ample space to play outside.

The Eco Grandeur features Garden Homes with a 5ft* private garden area on the side of four bedroom and three-bathroom homes in guarded and gated precincts. If that’s not enough, you would be delighted to know that greenery covers over 20% of Eco Grandeur, giving ample opportunities for interactive landscaping as well as conservation initiatives. The development is made up of many different garden concepts, each created to suit a different mood or desire.

Chat with their Sales Representative
here
 to find out more about Garden Homes at Eco Grandeur.

Another project that offers stunning Garden Homes is Eco Forest in Semenyih. Well-suited for the nature lover, Eco Forest is a green wonderland anchored by a central park and vast lakes. Its collection of freehold gated and guarded precincts has ample avenues for eco adventures that will help you unwind, while a commercial boulevard offers you city conveniences.

Click
here
 to learn more about Garden Homes at Eco Forest.

Sky-high living

If you prefer to live in high-rise residences for easy maintenance and complete facilities, EcoWorld has also launched the Eden by The Parque Residences in Eco Sanctuary located in the South of Kota Kemuning. Offering large layouts sized from 1065 sq ft to 1200 sq ft, the condominium comes with 48 resort-inspired facilities and is surrounded by amenities including the Sanctuary Mall, AEON Bukit Tinggi, Columbia Asia Hospital, Sunway Medical Centre, Subang Jaya Medical Centre, Tenby International School, SJK(C) Bukit Fraser, and more.

Chat with their Sales Representative
here
 for more on Eco Sanctuary’s latest products.

Otherwise, you can consider the serviced residence SWNK Houze located in the prime area of Bukit Bintang. It is strategically situated within a walking distance from Lalaport, Bukit Bintang City Centre, and is directly connected to Bukit Bintang City Centre Transit Hub link to three lines of public trains. Besides, it’s also complete with entertainment facilities such as Sony Zepp Hall and a cinema that will be coming soon. The residence provides layouts ranging from 463 sq ft to 1,238 sq ft, with a monthly instalment from RM3,488*.

Interested to know more about Bukit Bintang City Centre’s latest product? Click
here
 to talk to their sales representative.

***

Find your perfect home to create a joyful living and unforgettable memories with your loved ones, with EcoWorld.

Learn about EcoWorld’s properties
here
.

*Terms and Conditions Apply.

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Chee Jo-Ey

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Everything You Need to Know About RinggitPlus Travel Getaway Campaign

UPDATE : 22/3/2018 – We have now increased to 19 destinations, check out what’s the other vacation that we’ve included!

Yes, you have read that right. In the spirit of travelling and making every moment count (be it at work or play), we would like to reward you with an awesome set of travel-themed gifts consisting of:

a) 1x Return Flight Ticket (departing from Kuala Lumpur/Penang/Langkawi/Kuching/Kota Kinabalu/Johor Bahru) to
19 Exclusive Destinations of Your Choice

| Your Choice of | Destinations | to Choose |

|————– |——————- |

| Bangkok | Densapar (Bali) | Hong Kong |

| Chiang Mai | Lombok | Singapore |

| Krabi | Jakarta | Macau |

| Phuket | Hanoi | Manila |

| Ho Chin Minh City | Phnom Penh | Mactan Cebu |

| Vientiane | Brunei | Penang |

| Surabaya | – | -|

b) 1x 20”
La Liberta
 Luggage Bag

c) 1x RM50 worth of
Traveloka
 Discount on Hotel Stay

d) A special
Travel Insurance Coverage
 for the above
Return Flight
 package, underwritten by
RHB Insurance

All these will be yours when you apply for selected credit cards and personal loans. Best of all, it’s absolutely FREE so what are you waiting for? Hurry up and participate as your next vacation will be on us but don’t wait too long as it’s
 only available for a limited time!

How to Participate in RP Travel Getaway Campaign (
 Citi Credit Card
,
 Standard Chartered Credit Card
 and
 Alliance Personal Financing
 )

Look out for selected credit cards and personal loans with the ‘#TravelGetaway’ icon.

Find out more about the product by clicking on the ‘How to Apply’ button.

Learn more about the product features by clicking on the ‘Read More’ button.

From here, you can proceed to apply for the product by clicking on the ‘Apply Now’ button. (Don’t forget to check out our ‘Terms and Conditions’ and ‘Product Disclosure Sheet’)

Fill in your details in the fields required and click ‘Confirm Your Application’ once you are done.

How to Participate in RP Travel Getaway Campaign (for
 RHB Credit Card
 and
 RHB Easy-Pinjaman Ekspres
 )

Look out for selected credit cards and personal loans with the ‘#TravelGetaway’ icon.

Find out more about the product by clicking on the ‘How to Apply’ button.

Learn more about the product features by clicking on the ‘Read More’ button.

From here, you can proceed to apply for the product by clicking on the ‘Start Application’ button. (Don’t forget to check out our ‘Terms and Conditions’ and ‘Product Disclosure Sheet’)

Speak to our chatbot and they will help you with the rest of your application.

How Do I Redeem These Gifts from RinggitPlus?

How Do I Redeem My Traveloka Hotel Voucher?

You will receive your Traveloka hotel voucher via the email that you have registered for the campaign

To use the hotel voucher, you will need to download Traveloka mobile app and register an account with the same email address you’ve submitted during your application for the campaign.

Search and make your hotel booking.

Select payment method and complete your payment.

Your RM50 discount will be reflected on the payment page (min transaction of RM250). As long as you’re logged in using the same email address, it will deduct from the amount that will be charged to you.

After the booking is confirmed, you will receive a hotel voucher which will be sent to your Traveloka App and/or email address

How Do I Redeem RHBi Travel Insurance?

Are there any other questions that you would like to ask? Just call us at 60-3-78900808 (10 am to 7pm) or drop us a comment below and we’ll take it from there. All the best and we look forward to helping you plan your next getaway

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CIMB Partners With CTOS, Sun Life To Introduce Enhanced ASB Financing Solution

CIMB Bank and CIMB Islamic Bank have partnered with credit reporting agency CTOS Data Systems and insurer Sun Life Malaysia Takaful in a promotional campaign that enhances the bank’s Amanah Saham Bumiputera (ASB) Financing facility with financially inclusive perks. These include a free credit score report and exclusive discounts, along with complimentary takaful coverage.

With regard to CIMB’s ASB Financing facility itself – which is open to Malaysian
bumiputera
 residents aged 18 and above – customers can take up a financing of up to RM200,000 to invest into ASB funds, with a repayment tenure of between 5 to 40 years. Under this latest partnership with CTOS and Sun Life, those who sign up for the solution during the campaign period (15 June to 31 December 2023) will also get to enjoy complimentary benefits from CTOS and Sun Life Malaysia.

From CTOS, you’ll be able to claim a complimentary MyCTOS Basic Report with CCRIS, which gives you an overview of the state of your credit health. In addition to that, you can also enjoy up to 50% discount for the full MyCTOS Score Report, if you wish to get an even more comprehensive view of your overall financial health as you plan for your long-term financial goals.

Sun Life Malaysia, meanwhile, will provide you with a complimentary 12-month takaful coverage of up to RM10,000. You can claim RM5,000 in the event of death or total and permanent disability (TPD), and an additional payout of RM5,000 for accidental death and dismemberment.

Chief executive officer of group consumer and digital banking for CIMB Group, Effendy Shahul Hamid said that the introduction of this enhanced product, in collaboration with its two partners, is in line with the bank’s aim to empower its customers. “This initiative promotes that [empowerment], and ensures that customers accessing ASB Financing through us are also introduced to the concepts of credit health and insurance. We see this as important as we do our part in building an inclusive, progressive and financially literate society,” he said.

Effendy also hopes that CIMB’s upgraded ASB Financing facility will directly enhance the accessibility of ASB funds for Malaysians, especially those from the M40 and B40 communities. For context, CIMB’s total ASB financing for the B40 community amounted to RM2.9 billion in 2022, accounting for more than 70% of all ASB financing extended by CIMB in that year.

Meanwhile, other customers who would like to invest in
ASNB fixed price funds
 using cash can do so via CIMB’s online banking website, CIMB Clicks, or the app. They are allowed to make up to RM300,000 investment into their ASB and Amanah Saham Bumiputera 2 (ASB 2) accounts at a small cost, starting from just RM1.

(Source:
CIMB
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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BigPay Down; Both App & Physical Card Currently Inaccessible

(Update 12:30am)
BigPay is back online. Original article as follows.

If you are experiencing issues using your BigPay prepaid card or even access the BigPay app, you’re not alone. The popular e-wallet app and prepaid card has been offline for the past few hours. Unlike previous times when the BigPay app has experienced downtimes, the physical BigPay prepaid card is also unusable at the moment.

It appears that this episode is quite a big one. Across social media, users are reporting that all
BigPay
 features are offline: the app opens to the main screen but loads indefinitely so you cannot reload or send money, while all prepaid card features including payment and ATM withdrawals are offline. This applies to all BigPay users regardless of location – some users who are abroad also cannot use their BigPay cards.

At the time of writing, the outage has been going on for at least three hours – for an unplanned downtime, this outage looks quite serious. BigPay has not said anything beyond the standard acknowledgement post on its Facebook and Twitter pages.

We will update this article when we hear more about this issue.

(Update 12:30am)
BigPay has confirmed that the issue has been rectified, and that all BigPay services are back online.

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Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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Hi HOME And Lazada Collaborate To Launch Online Property Expo

In conjunction with the mid-year 7.7 sales, Hi HOME and Lazada are teaming up to launch the Hi HOME Property Expo online. With a total value of RM1 billion, the online expo will showcase over 2,000 units with property deals for as low as RM110,000.

Prospective buyers can browse for properties through Lazada exclusively on LazMall as well as through live streaming sessions with LazLive. To make a booking on a unit, all you have to do is buy a voucher priced as low as RM88 which will act as a booking voucher. These can also be used to redeem free gifts from developers like cashback and rebates.

Hi HOME CEO Radzi Tajuddin said that Hi HOME Property Expo is in line with the company’s aim of making home ownership more accessible. “Our main focus has always been to promote homeownership and we are working closely with developers to ensure that we can offer the best deals in the industry,” he said. “Consumers can expect to get discounts of up to 30 per cent and prices as low as RM200,000. These offers can only be obtained through Hi HOME Property Expo via Lazada.”

(Image: The Malaysian Reserve)

Meanwhile, chief marketing officer of Lazada Malaysia Diana Boo commented that the expo is another way that e-commerce is rising to meet the needs of Malaysians in the new normal of the Covid-19 pandemic. “Today’s public health crisis is driving an increased demand for digital shopping experiences,” she said. “Live streaming through LazLive is a valuable tool for our brands and sellers to engage with consumers real-time under our collective new normal.”

To find out more about the Hi HOME Property Expo, you can visit the
Hi HOME website
.

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Jacie Tan

Jacie Tan

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Which Credit Cards To Use To Reload E-Wallets?

(Last update: 19 June 2019)

E-wallets are great. They make paying for things convenient and secure while also rewarding users in the process. For savvier consumers, e-wallets opens an opportunity to “double dip” the rewards offered by both credit cards and the e-wallets themselves.

With several e-wallets allowing users to top up funds with credit cards, users can earn cashback or rewards points from these transactions, and then enjoying other benefits of paying with the e-wallets. In the case of some credit cards, e-wallets circumvents some category-based requirements for cashback eligibility as well.

Naturally, banks would have been aware of these loopholes and some have begun revising the terms of their cashback credit cards. Standard Chartered has announced changes to its popular JustOne Platinum Mastercard, while Maybank went one step further by ceasing rewards for e-wallet reloads using any of its credit cards. Not to forget, UOB also excluded Grab transactions to be eligible for cashback for its YOLO card from June 2019.

We’re fairly certain that other banks will follow suit, but for now the question on everyone’s lips is simple: what other credit cards can we use to reload e-wallets and still earn cashback and rewards points? The list compiled below, divided into cashback and
air miles cards
, will help.

Most e-wallet reloads are classified as online transactions, which means credit cards that offer cashback for online transactions are shortlisted; though some banks may exclude cashback from some e-wallet reloads (such as Public Bank Quantum & Visa Signature for Boost, and UOB YOLO for Boost and BigPay). We also added other cards that offered cashback for all retail transactions, as well as rewards cards that offered air miles conversion.

Those cards were then narrowed to the 10 cards in this list.

Cashback Credit Cards

Public Bank Quantum Mastercard

Cashback: 5% on online and dining categories, capped at RM30 a month

Income requirements: RM36,000/year (RM3,000/month)

Annual fee: Free for life

One of the best cashback credit cards in this list, the Quantum Mastercard offers 5% cashback for online transactions with no minimum spend requirement. At a cap of RM30, you’ll earn cashback for up to RM600 in spending with this card.

To check other Public bank credit cards, click
here
.

Standard Chartered Liverpool FC Cashback Card

Cashback: Tiered, up to 5% capped at RM50 a month

Income requirements: RM36,000/year (RM3,000/month)

Annual fee: RM175

Besides the JustOne Platinum, StanChart’s rebranded cashback credit card is pretty good as well. You’ll need to spend at least RM1,500 to unlock the 5% rate, but the fact that cashback is awarded for all transactions except petrol and insurance means you’ll earn cashback for topping up any e-wallet in Malaysia with this
Standard Chartered credit card
.

Citibank Cash Back Card

Cashback: 10% on Grab, capped at RM10 a month

Income requirements: RM36,000/year (RM3,000/month)

Annual fee: RM120

The revision of this Citi credit card in January means it’s a decent card to earn RM40 in cashback every month with just RM100 in spending in each of the four categories: Petrol, Dining, Groceries, and Grab. Users have confirmed that topping up GrabPay wallet with this
Citi credit card
 earns 10% cashback – but be sure to spend at least RM500 on this card each month to unlock the 10% cashback. RM10 cashback may not sound like a lot, but given how reliant Malaysians have become to Grab’s suite of services, you’ll still be saving RM120 in a year with Citibank Cash Back Card.

Public Bank Visa Signature

Cashback: 6% on online, dining, and groceries, capped at RM38 a month

Income requirements: RM80,000/year (RM6,667/month)

Annual fee: RM388, waived with 12x transactions a year

It’s rare for a high-tier card to offer cashback these days, but this
Public Bank credit card
 is one of the better ones. Think of it as a higher-end Quantum Mastercard, with slightly higher cashback rates and monthly cap. With its RM38 cashback cap per month, you’ll earn cashback for up to RM633.34 spent with Public Bank Visa Signature.

Ambank TRUE Visa Card

Cashback: 3% on online category, capped at RM30 a month

Income requirements: RM36,000/year (RM3,000)

Annual fee: Free for life

Previously overlooked for other cards with higher cashback rates, Ambank’s TRUE Visa credit card is now a solid choice for e-wallet top-ups. This AmBank credit card offers a 3% cashback for online transactions. It may not seem like much compared to other cards on this list, but its zero minimum spend requirement makes it useful if you don’t spend a lot. At a cap of RM30, this
AmBank credit card
 gives cashback for up to RM1,000 in spending.

Standard Chartered JustOne Platinum Mastercard

Cashback: Tiered, up to 15%, capped at RM60 a month (RM30 for online)

Income requirements: RM36,000/year (RM3,000/year)

Annual fee: RM250

Its benefits may be revised come July, but for some, the Standard Chartered JustOne Platinum Mastercard still retains some value. This is one of only a few cashback credit cards that still offer cashback for utilities (albeit via auto-debit). With its upcoming introduction of a RM30 cashback cap for online spend, you’ll need to spend just RM200 on online transactions to hit the cap. But of course, note that you’ll need to spend a cumulative RM2,500 in a month with this
Standard Chartered credit card
 to unlock the 15%/RM60 perk, which may be too high for some users.

AEON BiG Visa Gold

Cashback: 2% on online category, capped at RM25 a month

Income requirements: RM36,000/year (RM3,000/month)

Annual fee: RM95, waived with 12x transactions a year

An underrated card that is usually overlooked by many, this AEON BiG credit card is an interesting choice. Sure, 2% cashback for online spend is not much (comparable to the
Maybank FC Barcelona Visa Signature
) and its monthly cashback pool is tiny, but this is easily overcome by topping up your e-wallets at the start of every month. This AEON BiG credit card is also the only card in its income requirement range that offers complimentary 3x Plaza Premium Lounge entries nationwide.

Rewards Points Credit Cards

To be frank, there are few rewards points credit cards that offer exceptional air miles conversion rates comparable to the Maybank 2 Premier American Express Reserve and Visa Infinite cards. There are a few that may plug the gaping hole, and we’ve listed them here.

HSBC Visa Signature

Rewards points: 5x for every RM1 spent for online, capped at 15,000 a month

Air miles conversion rate: RM2.10 per Enrich Mile, RM3 per KrisFlyer/Asia Mile

Income requirement: RM72,000/year (RM6,000/month)

Annual fee: RM600

One of the five cards highlighted in our list of best air miles credit cards, the HSBC Visa Signature offers varying points multipliers for different spending categories, ranging from 5x to 8x. They’re quite specific in nature, so make sure you check the T&Cs before using. 5x points multiplier for online spend offers a decent conversion rate for Enrich Miles if used for topping up e-wallets, but do bear in mind the steep annual fee.

Alliance Bank Visa Infinite

Rewards points: 2 Timeless Bonus Points for every RM1 spent locally

Air miles conversion rate: RM3 per Enrich Mile

Income requirement: RM150,000/year (RM12,500/month)

Annual fee: Free for life

While its perks for overseas spend rival the
Maybank 2 Premier
 cards’ air miles conversion rates, this Alliance Bank credit card’s local rate is more modest at RM3 per 1 Enrich Mile. Points accumulated with this Alliance credit card do not expire, which is a bonus point to some. Its high income requirement means this card is available for a select few, however – this
Alliance Bank credit card
 offers plenty of extra perks including unlimited lounge access globally.

Hong Leong Visa Infinite

Rewards points: Auto-conversion to Enrich

Air miles conversion rate: RM2.81 per Enrich Mile

Income requirement: RM150,000/year (RM12,500/month)

Annual fee: Free for life

This
Hong Leong Bank credit card
 doesn’t offer rewards points; instead, it automatically converts every Ringgit spent into Enrich Miles based on its pre-set rates of RM2.81 for local and RM1.81 for overseas spending. That’s slightly lower than the Alliance Bank Visa Infinite, but some way off the better rate offered by the HSBC Visa Signature.

———-

Looking at these rates, however, it does look like you might be better off earning cashback than accumulating air miles at unfavourable rates. Remember, banks may update its points conversion rate at its discretion, so you might be caught out with even poorer conversion rates while you’re accumulating points.

Try FavePay

Since it does not have a digital wallet feature – Fave founder Joel Neoh was even quoted as saying FavePay isn’t an e-wallet – FavePay may not be considered as an e-wallet in Maybank’s eyes (we’ll only find out from 8 July if it is). Unlike e-wallets, FavePay acts almost as a payment aggregator, allowing you to save credit card information and pay using them. Most importantly,
FavePay supports American Express cards
 so you could still use them in places that don’t accept credit cards but accept FavePay.

On top of that, FavePay gives cashback rewards to popular merchant partners, and enables card payment to smaller establishments. There are also weekly challenges that reward users for the amount of FavePay transactions made.

Currently, FavePay allows users to “triple dip” rewards, thanks to the ability to
link Boost as a payment method in FavePay
. (Maybank Amex + Boost Shake Rewards + FavePay partner cashback). But come 8 July, taking Boost out of the equation still means you’ll get to use Amex cards and continue to enjoy their benefits.

Final Thoughts

Thanks to the various e-wallets available in Malaysia, you can pay for a huge variety of things beyond retail items. E-wallets such as GrabPay, Boost, and TNG eWallet allows you to pay for food deliveries, prepaid top-ups, e-commerce store orders, utilities and other bills, tolls, and buy coupons for all kinds of other things. With the additional perks offered by these wallets, it only makes sense for the consumer to maximise the benefits for things they would already be paying for by combining credit cards with e-wallets.

In that scenario, banks end up drawing the short end of the stick, which is why Maybank’s move to remove credit card rewards for e-wallet reloads is to be expected. Therefore, it may be smarter in the long-term to not apply for a new card purely to reload e-wallets – you’ll never know when the bank will revise its cards’ benefits. Credit cards should be used to complement your spending habits, not change them.

But, if you already own any of the cards in this list such as the Citi credit card, AEON BiG credit card or Public Bank credit card, they are the best alternatives to use with your e-wallets. Not sure
how to apply for a credit card
? Simply click the link to compare and apply for a credit card online!

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About THE AUTHOR

Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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    Felix Chee

    1 year ago

HI Sir, Hope you are doing well, kindly please help to check that a few credit cards here for E-wallet reload is no longer valid.

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    Pang Tun Yau

    1 year ago

    Reply to

        Felix Chee

Yes indeed, this was from a year or two ago. We are in the midst of updating our credit card recommendation articles, so please stay tuned!

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Apply For New Credit Cards And Get Exclusive Gifts With The RinggitPlus Unbox This Week Campaign!

Usually, RinggitPlus runs a special upsized guaranteed gift campaign for credit card applications from a single bank. But now that we’re reaching the year-end holiday season, we’re ramping it up with our new Unbox This Week campaign!

Unlike previous campaigns, Unbox This Week will offer flash deals with gifts that are only available for one week only. The next week will see a different set of gifts and possibly different bank partners, so there’s an exciting gift you’d likely want – all the way till the end of the year!

This week (26 to 30 October 2020), we’re giving away gifts to those who apply from any of the following banks:
Citibank, Standard Chartered, RHB Bank
, and
Public Bank
. Here’s a highlight of what you can expect to win from us!

Citibank: Tech Bundle (Lenovo Tab M7 + Sony SRS XB12 Wireless Speakers + Mi Band 5)

Win a guaranteed Tech Bundle gift – consisting of a
Lenovo M7 tablet, Sony SRS XB12 wireless speakers, and a Xiaomi Mi Band 5
, worth a total RM700 – when you apply for selected credit cards from Citibank with us. Once your application has been approved, you’ll need to activate and spend a minimum of 8 retail transactions on your new card within 60 days to be eligible for the gifts. We’ll then send you an email on instructions to claim your gifts within 60 days when Citibank has confirmed your eligibility.

That said, note that individuals who have cancelled their Citibank credit cards within a year prior to the campaign period are not eligible for this campaign.

Head on over here to apply for your
new Citibank card
 and win exclusive gifts!

Standard Chartered Bank: Tefal Spherical Rice Cooker + Mi Band 5

Get a guaranteed gift of a
Tefal Spherical Rice Cooker and Xiaomi Mi Band 5
 (worth RM708) when you apply for selected Standard Chartered credit cards with us. However, individuals who were in possession of a Standard Chartered credit card (principal or supplementary) in the past six months prior to our campaign are not eligible for this deal.

To win these gifts, make sure to activate your new card within 30 days upon approval. We’ll provide successful applicants with a redemption code to claim their gifts within 28 days once the bank has updated us with regard to the winners.

You can apply for your
new Standard Chartered card
 here.

RHB: RM600 Lazada e-Voucher (First 50 Customers)

Customers who apply for selected credit cards from RHB will stand a chance to win a
RM600 Lazada e-vouchers
. This promotion is limited only to the first 50 applicants on a first-come, first-served basis, and you must activate your card within 30 days of approval to be eligible for it.

If you’re not one of the first 50 applicants, though, don’t be disappointed! We’re still rewarding you with a RM50 Lazada e-voucher for your next shopping spree. Winners will be announced on our Facebook page by 31 December 2020, and you’ll receive your e-vouchers via SMS within 30 days after meeting the requirements.

Note that individuals who have previously held and cancelled their RHB credit cards within a year before the date of application are not qualified for this campaign. Otherwise, you can apply for your
RHB card here
 to win the vouchers!

Public Bank: Huawei Watch Fit

If you’re one of the first 50 customers to apply for selected credit cards with Public Bank via our campaign and successfully meet the spend requirements, you’ll win a complimentary
Huawei Watch Fit
. Don’t fret if you’re not the first 50 customers, as every customer after will have the option of the following gift of your choice: a RM250 Lazada e-voucher, a Samsung Galaxy Tab A for a special price of RM288 (RRP: RM599), or a Huawei Y5p for a special price of RM88 (RRP: RM359).

Open only to new-to-bank credit cardmembers, you are required to spend a cumulative minimum of RM500 within 60 days once your card is approved. You’ll then receive an SMS notification within three to five weeks after fulfilling the participation criteria, containing a Unique ID that you can use to redeem your campaign gifts.

Head on to our page to
apply for your new Public Bank card
.

***

Remember, this weekly flash deal will end on 30 October 2020, so it’s time to act fast! Otherwise, do check back next week for our special Unbox This Week flash deal!

Make sure to start your application via our WhatsApp chatbot to ensure your eligibility for this campaign, and so that we can continually assist you throughout your application.

Find out more about RinggitPlus’
Unbox This Week campaign
 on our Facebook page here.

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TM Launches Unifi Mobile Travel Pass With Unlimited Data For Tourists

(
Image: Medium
)

Telekom Malaysia (TM) has introduced a new prepaid travel SIM with unlimited data, aimed exclusively at non-Malaysian tourists. Issued by Unifi, the Mobile Travel Pass is an effort carried out in collaboration with Tourism Malaysia for the Visit Malaysia Year 2020 (VMY2020) campaign.

The Travel Pass comes in two options: the 7-day pass, sold at RM30; and the 15-day pass, sold at RM60. Both passes offer similar features, namely unlimited high-speed data as well as RM5 pre-loaded airtime credit, with calls at 20 sen per minute and SMSes at 10 sen each.

Travellers looking to tap into the benefits of the Travel Pass should pre-purchase it before their arrival in Malaysia as subscriptions must be done via Unifi’s online portal. Upon arrival in Malaysia, they will have to collect the SIM card at one of the dedicated collection centres. As of now, there are only two collection centres listed: the tourist information centres at KLIA and KLIA2, both operating from 7 a.m. to 11 p.m..

Those looking to sign up will need a valid passport, and the Travel Pass is available to those aged 12 and above. Each passport can only be registered for one SIM, and tourists are required to provide basic details during registration, such as their full name and passport number, as well as the address of their accommodation. Tourists should also note that they can only pay for their Travel Pass by credit card.

According to Unifi, the validity of the Travel Pass will kick in when the SIM is activated within 30 days of collection. For instance, if you collect your SIM on day 8 of your arrival but only activate it on day 10, the Travel Pass will begin on day 10. In another instance where you have collected your SIM but did not activate it within 30 days of collection, the SIM (along with the Travel Pass) will be automatically activated on day 30 from your collection date.

Tourists who need more airtime can purchase the Unifi mobile reload voucher at more than 15,000 participating vendors across the country, including selected convenience stores, TMpoint centres, major petrol stations, and POS Malaysia. Reloads can only be done via the mobile@unifi app.

(
Image: Medium
)

Telekom Malaysia chairman Rosli Man, views this collaboration with Tourism Malaysia as an effort by both parties to use the latest technology, digital marketing, and integrated marketing campaign to boost Malaysia’s tourism industry.

“This collaboration not only reflects our support for Malaysia’s tourism industry, it is also a testament of our continuous commitment in bringing unlimited connectivity for everyone including foreign tourists travelling in Malaysia, so they can stay connected to the digital world, in line with our role towards realising Malaysia’s Digital Nation aspirations,” said Rosli.

You can find out more about the
Unifi Travel Pass here
.

(Source:
New Straits Times
)

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Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Four Government Health Clinics To Accept Boost E-Wallet

(Image: FintechNews Malaysia
)

Four health clinics run by the Ministry of Health (MOH) have introduced the use of Boost e-wallet in a bid to reduce waiting time for over-the-counter registrations. The move also aims to provide a more convenient and safer payment facility for the patients.

“With the number of patients increasing at the health clinics level, we need a more efficient registration process,” said Health Minister Datuk Seri Dr Dzulkefly Ahmed, adding that the payment process would take no more than 30 seconds with the implementation of e-wallets.

Dr Dzulkefly also said that the ministry would like to expand and operate nationwide in the next couple of years, as long as the facilities have internet access and patients are still using their mobile phones.

(Image: Bernama)

The four pilot clinics spearheading the programme are:

Cheras Health Clinic

Kuala Lumpur Health Clinic

Putrajaya Precinct 18 Health Clinic

Seremban Health Clinic

The Cheras Health Clinic is the latest of the four to adopt the technology, with the other three having already started in September this year. The effort is a partnership between the Ministry of Health with Axiata Digital Ecode Sdn Bhd and RHB Islamic Bank Berhad to drive digitalisation in the health sector.

(Image: Damai Vista)

Government health clinics in Selangor, Kuala Lumpur, and Putrajaya have begun moving in the direction of e-payment since 2018 via the use of debit or credit cards, which was also facilitated by RHB Islamic Bank Berhad.

It is estimated that the clinics received as many as 20.85 million paying patients in 2017 and 20.84 million in 2018. January to September this year saw 15.58 million patients.

Malaysians seeking outpatient treatment at government health clinics are charged a nominal fee of RM1 and RM5 for general and specialised consultation respectively, which is
a far cry from the prices offered by the private health sector
.

(Source:
Malay Mail
,
FintechNews Malaysia
)

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Economy Ministry, KitaJaga Roll Out App Update For Consumers To Compare Grocery Prices

(Image: Malay Mail/Shafwan Zaidon)

The Economy Ministry has announced a collaboration with local organisation KitaJaga to update its existing KitaJaga app with a new price watch feature, enabling consumers to compare the prices of grocery items from stores and supermarkets in their vicinity.

Economy Minister Rafizi Ramli said that this new feature on the KitaJaga app – a community-driven platform – is aimed at helping consumers to shop smarter and make better purchasing decisions by comparing prices before actually buying something. He also clarified that the feature taps into open-source data from the Department of Statistics Malaysia (DOSM), through the OpenDOSM website that was launched in the previous month.

Briefly,
OpenDOSM
 is described as “a platform that catalogues, visualises, and analyses DOSM’s wealth of data”. Members of the public can actually access and download various information – such as commodity and consumer prices, exchange rates, and household income and expenditure – for free on their own, either as raw datasets, tables, or charts.

“Actually, this price data has been around for a long time, but it was not widely used. Now the price data (which is) available on the first platform is used by KitaJaga,” Rafizi further said, adding that his ministry has plans to work with other e-commerce stakeholders to expand the existing price-checking capability so that consumers can further acquaint themselves with price comparisons based on complete data. However, they decided to start with price comparison between groceries first because most price hikes happen in this category.

Rafizi also reiterated that his ministry’s effort should not be viewed as a call for the public to only buy cheap goods. “This does not mean the rakyat must purchase cheap goods, but such application would serve as a benchmark in the course of their purchase while encouraging a data-driven mindset among society,” he stated.

The
KitaJaga platform
 was first rolled out by a team of developers during the Covid-19 pandemic, aimed at assisting Malaysians who were in need of aid when the movement control order (MCO) was enforced. The non-profit charity platform also rolled out several campaigns to encourage or reward its volunteers, such as the
KitaJaga non-fungible token (NFT) campaign
. You can download the KitaJaga app from
Google Play
 and
the App Store
.

(Sources:
Malay Mail
,
BusinessToday
)

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Affin Bank Partners With Tealive To Launch Unique Concept Store In UiTM Branch

Affin Bank has teamed up with Tealive to integrate the local tea brand’s Tealive 3.0 concept store as part of its new branch within the Universiti Teknologi MARA (UiTM) Puncak Alam campus. This makes the Puncak Alam branch the first Affin Bank branch to feature this unique concept.

The concept store features a dedicated bakery corner called Tealive Eats, as well as a self-service standee at the entrance where customers can order and pay online before collecting purchases within the store.

According to the president and group chief executive officer of Affin Bank, Datuk Wan Razly Abdullah Wan Ali, the opening of this branch – which is Affin Bank’s 111
th
 branch in total – marks a bold step in embarking on a new trend in banking, seeking to appeal to the younger generation.

“As the younger consumers are more digitally engaged, they naturally become more aware of events taking place within their surroundings. The introduction of this new concept of banking in the community could not be timelier and in line with our metamorphosis journey to become a progressive bank and to be the preferred bank among the youth segment,” said Datuk Wan Razly.

Meanwhile, the founder and chief executive officer of Loob Holding, Bryan Loo said that he hopes Tealive will assist Affin Bank in attracting younger customers with its integrated lifestyle tea menu, on top of creating a conducive social meeting place for them. Loob Holding owns Tealive, in addition to several other F&B brands.

Loo also commented that the brand has had prior experience in setting up bank cafes in Myanmar via its partnership with c. He added that this collaboration with Affin Bank is a good and timely one as the bank has proved to be a progressive group.

“There may be existing cafes in bank branches, but none are dedicated to serving bubble tea and other made-to-order lifestyle drinks like Tealive. We believe there will be even greater integration as banking services will converge with lifestyle retail choices. Our brands have to stay relevant to meet the ever-changing needs of consumers,” said Loo.

In celebration of this collaboration, Tealive is offering a 20% rebate for Affin Bank cardholders when they purchase from the concept store. Additionally, UiTM staff and students will also be entitled to a 10% discount. Both deals will run for the whole of 2021.

(Sources:
The Malaysian Reserve
,
Focus Malaysia
)

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Alex Cheong Pui Yin

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Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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HLB & UOB Credit Cardholders, Genting Members Can Now Redeem TNG eWallet Credit With Rewards Points

Touch ‘n Go has expanded its list of partners to allow consumers to redeem their rewards points for Touch ‘n Go eWallet credit. The new additions include Hong Leong Bank (HLB) and UOB credit cardholders, as well as Genting Rewards Alliance loyalty members.

This comes just a month after Touch ‘n Go introduced this redemption option for
CIMB and Standard Chartered credit cardholders
, allowing them to convert rewards points for TNG eWallet credit which can be used for toll payments, paying bills, or shopping at over 250,000 stores nationwide.

Hong Leong Bank credit cardholders

HLB credit cardholders can redeem RM20 worth of Touch ‘n Go eWallet credit, but there are two redemption rates available, depending on whether you choose to redeem it online, through fax, or by calling the Hong Leong contact centre. The rate for online redemption is set at 12,500 rewards points. Meanwhile, you will need to spend 15,000 rewards points for the same value of eWallet credit if you redeem through fax or by calling the Hong Leong contact centre.

Those who opt for online redemption must log in to their HLB Connect account to access the
Hong Leong Club rewards catalogue
 and redeem from there. Meanwhile, if you wish to redeem through fax, you will need to fill in a form and fax it to 03-7946 8888. Alternatively, you can call 03-7626 8899 to redeem through the contact centre.

Based on HLB’s redemption rates, 1 reward point is equivalent to 0.16 sen (for online) or 0.13 sen (for fax or calling the contact centre).

Note that the eWallet reload PINs that you receive will have a validity period of one year from the date it is issued. Once redeemed on the app, the credit never expires.

UOB credit cardholders

UOB credit cardholders can redeem RM50 worth of Touch ‘n Go eWallet credit with 34,000 UNIRinggit. However, do note that this redemption is only available for the following UOB credit cards:

Lady’s Classic

Lady’s Platinum/Preferred Platinum

Lady’s World

Privilege Banking Visa Infinite

PRVI Miles

Visa Infinite

Visa Infinite Metal Card

The eWallet reload PIN provided is also valid for a year from the date it is issued, and you must provide a valid email address during the redemption process so that it can be sent to you. To redeem, head on over to UOB’s UNIRinggit Rewards Programme page. You can find the
Touch ‘n Go eWallet reload PIN
 under the “Gift Vouchers” section.

Based on the UOB redemption rates for TNG eWallet credit, 1 UNIRinggit is worth 0.147 sen.

Genting Rewards Alliance members

Meanwhile, Genting Rewards Alliance members can use their Genting Points (GP) to redeem
Touch ‘n Go eWallet credit
 with a wider range of value, starting from RM10 to RM500. The redemption rates are as follows:

RM10 Touch ‘n Go eWallet Reload PIN (21 GP); 1GP is worth 47.62 sen

RM50 Touch ‘n Go eWallet Reload PIN (74 GP); 1GP is worth 67.57 sen

RM100 Touch ‘n Go eWallet Reload PIN (139 GP); 1GP is worth 71.94 sen

RM200 Touch ‘n Go eWallet Reload PIN (270 GP); 1GP is worth 74.07 sen

RM300 Touch ‘n Go eWallet Reload PIN (401 GP); 1GP is worth 74.81 sen

RM500 Touch ‘n Go eWallet Reload PIN (668 GP), 1GP is worth 74.85 sen

Similar to UOB’s redemption process, you will also receive the e-code for the eWallet reload PIN via your email, so be sure to provide a working email address during the redemption process. The e-code will be valid for 180 days from the date of issuance.

***

Once you receive the Touch ‘n Go eWallet reload PINs sent to you, just top up your eWallet to use the credit for your daily payments and purchases.

Head on over Touch ‘n Go’s website for more information about how you can
redeem Touch ‘n Go eWallet credit with your rewards points
.

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Full Implementation Of RFID Will Be Delayed Due To System Flaws

(Image: Soya Cincau)

The full implementation of Radio Frequency Identification Technology (RFID) at toll plazas will be postponed due to flaws in the system.

Currently, concession companies are working with Touch ‘n Go (TNG) to get feedback from the users of the
RFID pilot project
. “We find that some improvements have to be made during the trial period before it can be officially launched. They are the barcode detection levels from car stickers and the link with the ‘e-Wallet’ application,” said Smart Tunnel Deputy General Manager Mohd Noor Ali.

Other feedback received include app crashes, the RFID failing to lift the barrier, delayed detection, and overcharging. The government will only announce the official launch date once these problems are fixed.

The RFID system uses a radio frequency chip in a sticker attached to the vehicle and it is intended to replace the use of SmartTAG device. At present, there are 167 RFID lanes available at 58 toll plazas on 23 highways in the country.

(Source:
The Sun Daily
)

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HSBC Revises Rewards Redemption Rates For Vouchers And Premier World Enrich Miles

HSBC is revising the redemption rates for some of its rewards points credit cards. The revision will affect redemptions for vouchers under the HSBC Rewards and HSBC Premier World Rewards programmes, as well as Enrich Miles using Premier World Rewards points.

The credit cards that will be affected by the change in redemption rates are the
HSBC Platinum Credit Card
,
HSBC Visa Signature
,
HSBC Advance Visa Platinum
, and
HSBC Premier World Mastercard
.

Programme

Redemption

Current Points Required

New Points Required

HSBC Rewards

RM100 vouchers

45,000

50,000

Online vouchers for Visa Signature

30,000

35,000

HSBC Premier World Rewards

RM100 vouchers

39,000

42,000

1,000 Enrich Miles

10,500

13,000

The changes will kick in on 1 February 2020. For voucher redemptions from the HSBC Rewards programme, the redemption rate will increase by 11% whereas the preferred redemption for online vouchers exclusively for the HSBC Visa Signature will increase by 16.7% – but this figure is still 30% less than standard HSBC Rewards redemption rates.

Meanwhile, for HSBC Premier World Rewards voucher redemptions, the rate has increased by 7.7% and the redemption for Enrich Miles has gone up 23.08%. Based on the new Enrich Mile redemption rates, HSBC Premier World Mastercard cardholders will now have to spend RM1.30 on overseas hotel and dining expenses (its highest points multiplier) to get 1 Enrich Mile instead of the previous RM1.05.

Earlier in August 2019, HSBC also revised the
air miles redemption rates
 for its Platinum and Signature credit cards. The revision increased these cards’ redemption rates for Enrich, KrisFlyer, and Asia Miles between 66%-71%.

(Source:
HSBC
)

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Allianz: Fraud On Motor Insurance Claims Cost RM1 Billion Annually

(Image: AFP)

The chief executive officer of Allianz Malaysia, Zakri Khir has revealed that motor insurance claims fraud is rife in Malaysia, and that it costs insurers RM1 billion a year. This is out of the industry’s total motor claims of approximately RM10 billion.

To set the stage, Zakri explained that the fraud typically takes place at car accident sites, where the customer involved in an accident is approached by someone called a “callman” – who is essentially an independent tow truck tout. The callman will then go on to offer assistance, claiming to represent a specific authority or insurance company, but will in fact tow the damaged vehicle to his own workshop or peddle it out to a few workshops bidding for the vehicle. Either way, the callman is set to earn a profit from the repairs of the vehicle.

“There are many parties that monetise motor claims to their own benefit under a cloud of lack of clarity and mystery surrounding the whole motor claims process that most customers are not wise to it. This gets magnified when customers do not know their rights as consumers – that your insurer is there to serve your needs, not the other way round,” Zakri emphasised, adding that some workshops may also use sub-standard parts for the repair or take the opportunity to make more repairs than necessary, thereby driving up the amount of claim made.

(Image: The Edge Markets)

As such, Zakri said that it is crucial for insurers to secure a car accident site as quickly as possible, before such callmen can swoop in to ensnare the customer. He also stated that numerous parties contribute to this ecosystem of fraud, with notable figures being the callmen, workshops, and authorities. Occasionally, even customers play a part in these false claims, he said.

Furthermore, Zakri said that the situation can sometimes be made murkier as the media, the Federation of Malaysian Consumers Associations (FOMCA), and politicians would paint the workshops as small establishments that are discriminated by big insurers.

In response to these frauds, Allianz has rolled out its Allianz Road Rangers (ARR) initiative, which deploys personnel to assist its affected customers, starting from the accident site until the lodging of a police report. Additionally, the insurer also recently revamped its panel of authorised repairers so that it consisted only of PIAM Approved Repairers Scheme (PARS) workshops.

(Image: Paul Tan’s Automotive News)

“We knew we had to buck up to remove any element or opportunity for fraud and pay out genuine claims. Our customers must know that we will not partake nor condone any devious activity. The entire ARR journey from the accident assistance service to claims, vehicle repairs, and the selection of workshop repairers is our way of having a structured delivery of service that is visible to our customers,” said Zakri.

Finally, Zakri commented that the savings made from reducing such scams can eventually trickle down to customers in the form of lower motor insurance premiums. “If we are more efficient, we can save on this (fraud), and we can also bring down premiums because the cost of claims is a direct reflection of what we charge our customers,” he said.

(Source:
Paul Tan’s Automotive News
)

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Malaysians Will Be Assigned Tax Identification Numbers In January 2021

(Image: Bernama)

Starting from January 2021, all Malaysians above the age of 18 and corporate entities will be assigned a Tax Identification Number (TIN), said Deputy Finance Minister Datuk Amiruddin Hamzah in his address at the Malaysia Tax Policy forum.

According to Amiruddin, this initiative is meant to ensure that no one will be able to avoid their tax obligations, while providing justice to those who have been paying their taxes responsibly.

While the government has yet to share much information regarding the TIN initiative, independent tax expert Veerinderjeet Singh said that it is essentially an
automatically assigned tax number
.

(Image: Bernama)

“Internationally, TIN is a term used for a tax file number. But instead of requiring a person to come forward and obtain a tax file number, the Inland Revenue Board (LHDN) will allocate a tax number automatically,” Veerinderjeet said.

If successfully implemented, the government would be able to make automatic tax registration of both individuals and corporations to facilitate real-time reporting, which makes it difficult for them to evade their taxes.
Tax experts
 also believe that this move will help to increase the number of registered taxpayers, reduce tax arbitrage activities, and prevent losses in government revenue.

To ensure smooth implementation of the initiative, however, the government needs to first engage all participating stakeholders. Amiruddin noted that these engagement sessions will be carried out this year.

(Image: Bernama)

“There is an urgent need for strong capacity to tax in order to carry out the policies that we have outlined, as taxation provides a stable and adjustable source of revenue that can be mobilised if needed,” he said.

Amiruddin also mentioned that the government is expecting to collect RM244.5 billion in revenue this year, which is an increase of RM11.2 billion from 2019.

The TIN initiative was first announced during the
tabling of Budget 2020
 by Finance Minister Lim Guan Eng.

(Source:
Malay Mail
)

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MEDAC Develops New E-Commerce Platform To Compete Against Lazada, Shopee, Alibaba

(Image: Bernama)

The Ministry of Entrepreneur Development and Cooperatives (MEDAC) has announced that it is seeking to develop an online sales channel similar to Lazada, Shopee, and Alibaba – directly competing with the e-commerce giants. Tentatively dubbed the Online Market, minister Datuk Seri Wan Junaidi Tuanku Jaafar said that it is intended to provide a more convenient shopping experience for Malaysians.

“I have asked the Small and Medium Enterprises Corporation, the National Entrepreneurship Institute, the Co-operative Institute of Malaysia (IKM) and the Cooperative Commission of Malaysia to conduct a study on the implementation of the application,” said Datuk Wan Junaidi.

The minister further claimed that with the new e-commerce platform, consumers will no longer need to shop at Lazada, Shopee, or Alibaba due to their higher charges. He is also confident that the Online Market will be one of the largest online sales movements in the market.

That said, neither Datuk Wan Junaidi nor MEDAC have shared any other information regarding the new application, including its advantages over its existing competitors and launch date.

(Source:
Lowyat.NET
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Home Without The Hardship

How to begin saving at home

We’ve all got that one friend, the guy or girl who constantly complains how little money they have, how poorly they’re paid and how they can never afford nice things. You know the person I’m talking about, right? The one who always has the latest smartphone, great new shoes and plans overseas holidays throughout the year.

It’s an all too familiar feeling: we complain that we don’t have enough money and yet when the new gadget/handbag/clothing brand is launched we can’t wait to get our hands on it. We conveniently forget about dozens of bills waiting to be paid, the roof that needs fixing and the long-overdue service for the car.

The truth is we often crave the little luxuries we don’t necessarily need. But if you are really serious on saving up, it’s a lot easier than you think: start now. Don’t wait for a salary rise or yearly bonus. The longer you wait the more money you lose.

There are hundreds of ways to stretch your ringgit. “How?” you ask. Well, if you are reading this at home, look around you.

Are you sitting on your couch watching TV? Have you surfed endless channels yet ended up watching your same old favourites like ESPN and HBO? There you go. You may have realised this a long time ago, but yes, you don’t actually need those extra 100 channels. You may not even have the time to watch them. Check with your
satellite TV operator
 and see if you can change the programme package to one that suits your viewing preference and lowers your monthly fee.

Next – your mobile phone. You may have been loyal to your mobile network operator, but are you actually getting the best deal? Take some time to compare your monthly package and data plans with other operators and you will probably find that there are better deals out there.

Feeling hot? Switch off your air-conditioning system and switch on the fan. Better yet, switch off the fan, open the windows and let the air flow into your house. This may not be ideal when it’s 35
°
C out there, but the goal is to lower your utility bills as much as possible. Try switching off the lights when nobody’s around and
using energy-efficient bulbs rather than fluorescent bulbs
 – these are small steps you can take that can have a big impact on your wallet over time.

Seems doable, right? Well I’m not done yet. Let’s take a walk into your kitchen. A few changes in the Heart of your Home could save you hundreds of ringgit a month.

Take a look at your groceries. Where do you usually buy them? Instead of the hypermarkets, why don’t you start visiting your local farmer’s market where you can get cheaper and fresher produce? In fact you can even start growing your own food. You don’t need to have acres of land to do this; you can start by planting some herbs in small pots over your kitchen window. If you have no options and have to shop at hypermarkets, start by creating a list, and stick to it. Make sure you never shop for groceries when you are hungry! Try buying generic or house brands instead of popular ones. They are generally about 20-40% cheaper. You may even be pleasantly surprised to discover that some house brands are just as good as popular brands.

It’s easy to be comfortable and stick with familiar products or services, but we might be paying much more for stuff which is  cheaper elsewhere.

So don’t wait. Take control of your spending today.

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CutLivingCosts

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4 Ways to Save More When Refueling Your Car

Dwindling oil prices around the world have affected Malaysians with on the one hand, rising costs of living (due to the country needing to diversify it’s income via the introduction of GST) but on the flip side, it has made refueling your car a tad cheaper.

In fact,
February sees another drop in fuel prices
 with RON 95 hitting a new low of RM1.75 per litre. But in hard economic times and increased toll prices – we’re sure you would still want to make the most of your petrol spending.

In order to make the most out of every trip to the station, we’ve come up with truly helpful money-saving tips for you to use when refueling your car. They’ll come in handy when the oil prices are down but more importantly, will most certainly make a difference when they go back up.

1) Avoid Refueling in the Mid-day Heat

Our country is blessed with tropical weather, but did you know that this acts as a double-edge sword when it comes to pumping fuel?

Here’s the science-y bit: Molecules expand in heat and contract when it is cold. Likewise, fuel molecules at gas stations tend to be larger in the scorching mid-day heat and refueling during these hours should be avoided completely if you would like to maximise your petrol spending.

Fuel tankers come equipped with specific industrial gear to maintain balanced fuel temperature within its containment to promote precise fuel volumes. The difference of 1 degree Celsius can translate to millions in losses where the oil and gas industry is concerned.

This fuel is then loaded into the station’s storage from the tanker with precise volume measurement and is then channeled into petrol dispensing pumps without the help of sophisticated technology to regulate temperature.

Because of this, fuel molecules in the stations’ storage react to outdoor temperature accordingly and if you do refuel on a hot day, expect lesser fuel in your tank when it gets a little colder. So, fill up your tanks in the morning or at night to make sure you’re getting the exact litre of fuel for which you’re paying.

2) Avoid Squeezing the Trigger

You’ve parked your car within the designated space and popped open the fuel lid. The next step is to start refueling after you decide on the amount to fill.

Hand pressure used to squeeze the nozzle trigger on the petrol pump plays a big part in how much you can save. There usually are three levels available and each level releases varying volumes of fumes or vapour, for which you are also charged,on top of the petrol.

These fumes jet out a whole lot quicker with the highest speed while it reduces considerably on the lower fuel-dispensing speeds. These fumes can’t cost a lot, you might think. You may have a point but they certainly stack up to a lot if you piled up the wastage over several years.

So always remember to take your time when topping up your vehicle because fueling up quickly aggravates fuel and generates more vapour. What you want to be paying for is the liquid petrol and not pointless vapours.

3) Avoid Refueling After Tanker Deposits

If you happen to see a fuel tanker depositing at the station you wish to top up at, be sure to change your coordinates to a different one immediately.

As the tanker deposits fuel into the station’s main reservoir, residue from the bottom of this reservoir is thrown around in the mix and will take some time before it settles down at the bottom again.

Those using fuel pumps whilst this process takes place risk pumping fuel residue into the tanks of their vehicles. This can cause severe engine complication and take a huge swipe at your finances.

Although, all of these station fuel reservoirs are designed to have residue cleaned out when it settles at the bottom, smaller particles are sure to roam free within the containment. So either refuel at a different station or beat the truck to it when you see it on the road!

4) Refuel Before Your Tank Hits ‘Empty’

It doesn’t matter how you take your fuel tank, half full or half empty, because that should be your minimum limit to when you need to refuel if you want to save.

We’ve already established that quick-jetting fuel releases more vapour (refer to point #2) and when it is shot into your vehicle’s tank through the nozzle, that effect is simulated again.

Larger void space (from very little fuel) in your tank amplifies this vapour-generating effect and produces more vapour compared to a tank containing more fuel and less empty space.

Even driving around on fuel levels lower than approximately half a tank increases fuel wastage because larger void spaces encourage fuel evaporation. This situation is worse in the summer-like Malaysian weather. Yikes!

Fuel Up, Save Up!

Be sure to practice these tips on refueling your car and maximise fuel usage. By doing just that, you prevent little fuel pennies from going to waste. After all, a smart consumer is an informed one!

Have we missed out on a fuel money-saving tip that you have been practising? Fill us in at the comments section below – we’d love to hear from you!

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Survey: Malaysian Employees More Concerned About Financial Security Than Health

(Image: Malay Mail/Choo Choy May)

A global survey by recruitment solutions provider, Employment Hero, has found that a majority of the Malaysian workforce is more concerned about their financial security than their personal health. This was revealed in a report titled “The Impact of Covid-19 On Business Owners and Employees”, which polled more than 1,000 Malaysian participants.

According to the report, 71% of Malaysian employees said that they were worried about their financial health. Meanwhile, 66% and 62% of them were concerned about their physical and mental health, respectively, amidst the current workforce landscape that has been affected by Covid-19. Following the onslaught of the pandemic since the end of 2019, many employers had been forced to implement work-from-home arrangements.

Employment Hero’s report also found that although Malaysian employees were less worried about their mental health compared to financial security, their concern for mental health still ranked the highest among other countries that participated in the survey. For comparison, 50% of the workforce in Singapore said that they were worried about their mental health, whereas 49% of the participants from United Kingdom said the same. New Zealand and Australia both reported 46%.

(Image: The Malaysian Reserve)

The report further revealed a mismatch between the rising demand for mental health support among employees and the help that is being provided by employers. While 74% of Malaysian employers said that they are supportive of their employees’ mental health, only 56% of employees agreed. Correspondingly, 59% of employers believed that they have the resources to track mental health issues at work, but only 48% of employees agreed.

Aside from that, 70% of Malaysian employees said that a healthy work-life balance is crucial for them to maintain better mental health. This is in addition to other initiatives, such as more company-provided counselling services (57%) and health and wellness benefits (55%).

(Image: Focus Malaysia)

Data from the survey also noted that 64% of employees said that they felt stressed after being forced to work remotely due to the pandemic. Meanwhile, 59% of employees who have been working from home even before the pandemic reported similar anxieties.

The chief executive officer and co-founder of Employment Hero, Ben Thompson said that the survey essentially points to a need to prioritise work-life balance, mental health, and overall employee wellness initiatives among employers. “With remote working here to stay globally and maybe in the future, companies must take action and set proper procedures and communication channels to safeguard the wellbeing of their employees,” he said.

(Source:
The Malaysian Reserve
)

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Get 30% Off At Starbucks When You Pay With Razer Pay On Mondays

If there’s anything better than a cup of coffee to brighten up your Monday blues, it’s a cup of coffee that’s on discount. Thanks to Razer Pay, you can get 30% off your total bill at Starbucks on Mondays when you pay with the Razer Pay e-wallet.

The offer is valid at any Starbucks outlet in Malaysia and isn’t just limited to the drinks menu – it applies to everything from food and beverages to coffee beans and merchandise. However, do note that the discount is capped at RM10; you can enjoy the full effective 30% off if your bill is lower than about RM33 in total.

The offer is valid every Monday from 3–24 June 2019. Coupons are limited and terms and conditions apply.

Download the Razer Pay app on
Google Play
 or the
App Store
.

(Source:
Razer Pay Facebook
)

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How Do Banks and Lenders Decide if You're Creditworthy?

When you’re applying for a loan or a credit card, banks and lenders go through a series of steps to decide whether you’re a low or high-risk before lending you money. But what is defined as a low-risk, and how do the banks and lenders evaluate your financial risk status?

First, you need to know that having a big salary isn’t a green card to getting your loan or credit card application approved – and neither will having an existing credit facility (such as a car loan or a home loan) with a bank or lender help with your next loan or credit card application.

What makes the banks and lenders trust in you enough to lend to you is your creditworthiness – and the more creditworthy you are, the lower your risks are as a borrower. Here are some of the factors that banks and lenders look at before deciding if you’re creditworthy:

Your Payment History and Spending Habits

You’ll be surprised at how much information the banks and lenders can dig up on your payment history.

If you’ve missed out on payments or have paid your bills after the statement’s due date, the banks and lenders will more than likely view you as a bad paymaster – which will affect your credit card or loan approval chances. The good news is you can rebuild your payment history.

Here’s how you can do it; as a rule of thumb, your record will remain for 24 months after you settle all your debts, after which it will be cleared from your credit report. So, if you have a poor payment record and are planning to apply for a credit card or a loan, start building a good payment record by paying on time for at least 24 months before you start applying.

How Much You Owe

You may be earning a five-figure salary every month, but if you’re also saddled with numerous credit facilities (such as mortgage, car loan, credit card, personal loan, and instalment account) that look like it will take up a majority of it, it’s hard to convince banks and lenders that you’re a low-risk.

Generally speaking,
your debt should not be more than 60% of your total net income
 when applying for a loan or a credit card. The less you owe, the more likely it is for the banks and lenders to approve your application.

Length of Credit History

While banks and lenders generally do lend money to those who are just beginning to build their financial life (such as fresh graduates and first-time borrowers), they tend to view you as a lower-risk borrower if you’ve had a credit history for a longer period of time.

Your credit history includes the number of years you’ve had your credit facility (any financial credit such as loan and credit card accounts) as well as the average age your overall credit accounts.

Your Credit Mix

A credit mix refers to the types of credit under your name; which includes your credit card, car loan, mortgage loan, student loan, and instalment loans (from a furniture or appliances store).

Having different types of credit makes you look good to the banks and lenders – but don’t go applying for credit just to have a mix in your credit record now. While it’s good to have, it’s not necessarily a big contributing factor to appear as a low-risk borrower to the banks and lenders.

How Often You Apply for New Credit

How many new credit have you applied for in the last six months? Or even in the last three months? Remember that opening multiple credit accounts in a short period of time might deem you as a high-risk borrower to the banks and lenders.

The reason is simple; banks and lenders may assume that you’re going through financial or cash-flow problems.

Understand How CTOS Can Help You

Many of us are familiar with
CTOS
, but contrary to popular belief, CTOS is
not
 a blacklist – and neither does it offer recommendations about your financial status to the banks and lenders. CTOS merely compiles and provides credit information in accordance with the Credit Reporting Agencies Act 2010.

The banks and lenders may refer to the compiled credit information to decide whether they want to approve your credit application; but ultimately the decision lies entirely in their hands as they each have their own risk preferences, business policies, and strategies.

In a nutshell, CTOS provides transparency between you and the lenders in order to help improve your chances to get approved for credit. It works both ways; while the banks and lenders gain access to your credit information, you as a consumer can also use CTOS’ services to know where you stand in the eyes of the banks and lenders and learn how to improve your creditworthiness.

You can do a self-check on your credit report by signing up for a CTOS User ID at
www.ctoscredit.com.my
 or via CTOS mobile app to obtain your MyCTOS Score report!

Monitor Your Credit Score with MyCTOS Score Report

To learn more about – and improve – your credit health, you need to understand your credit report and credit score first. This is where MyCTOS Score report can help you.

MyCTOS Score report is a comprehensive credit report that provides an evaluation of a consumer’s creditworthiness. It also contains details on your identity verification (in case of an identity theft), CCRIS records, business exposure, directorships, bankruptcy, court judgment and legal action records.

In addition to the above, it also tells you your CTOS Score – a three-digit credit score that gives the banks and lenders an idea on your credit risk. It ranges from 300 (poor) to 850 (excellent), and the higher your credit score is, the lower your risks are as a borrower. You can learn more about CTOS Score on their

website
.

So, have you gotten your CTOS Score? Tell us your experience in the comment section below!

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Government Announces RM500 Hari Raya Bonus For Civil Servants

The government has announced that a special Aidilfitri aid of RM500 will be paid out to civil servants together with their salary on 6 May 2021. Government pensioners will also receive an Aidilfitri aid of RM250.

“The government has agreed to give a special Aidilfitri aid of RM500 to all civil servants in Grade 56 and below, including those under a Contract Of Service, Contract For Service, daily part-time officers and those appointed under MySTEP, and RM250 to all government pensioners,” said the Prime Minister’s Office (PMO) in a statement.

The PMO said that announcement on the special aid was made earlier this year compared to previous years, as the government was concerned about helping civil servants and pensioners to make early preparations for Aidilfitri. “The government also hopes the aid will help alleviate the financial burden of civil servants and pensioners,” the PMO stated.

The aid is expected to benefit over two million civil servants and pensioners. As explained by the PMO, the aid is given in appreciation of the contributions and sacrifices made by the civil servants in providing services to the people, especially when the country was dealing with challenging times.

(Source:
Free Malaysia Today
)

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Shopee’s 9.9 Super Shopping Day Starts Today, Offers Honda City For RM1

Shopee’s biggest annual sale is finally here, taking place from today to 12 September 2019. This year, customers have plenty to look forward to from RM1 for a Honda City and other items, free shipping with RM9 minimum spend, its signature Shocking Sale, games, and much more.

For the next few weeks, Shopee will be offering discounts and promotions up to 90% across multiple brands and categories. Each day, the sale would focus on specific themes ranging from lifestyle, fashion, electronics to even groceries. For instance, 21 August is the Super Cashback Sale Day, and every Friday is Super Goyang Shopee Day (Shopee’s most popular in-app game that lets users earn Shopee Coins by shaking their phones).

The biggest highlight of this year’s is the Super RM1 One or Not promotion where customers stand a chance of winning a brand new Honda City 1.5L E or one of 21 Yamaha 135LC motorbikes, among a huge number of high-value items. To stand a chance of winning, customers have to “buy” the item for just RM1 when they go on sale – each day will see a different selection of products available for sale. For each product, winners will be randomly selected from the pool of those who “bought” the items, and that buyer can then purchase the item for just RM1 within 2 days of the announcement. All unsuccessful entries would be refunded within 5 working days, subject to terms and conditions. Like other games, the Shopee Super RM1 One or Not deals are only available on the Shopee mobile app.

For the first time, Shopee is also introducing a 9.9 Super Voucher Pack, which includes various vouchers worth more than RM160 from various brands such as Agoda, MBO, dahmakan, and Grab. Shopee will also be having the 9x Shocking Sale where customers can enjoy great deals 9 times daily for as low as RM1.

On top of that, customers can even play games and earn Shopee coins at the same time. Goyang Shopee returns for this sale period, taking place twice a day at 1pm and 9pm while a new game, Shopee Catch takes place at 2pm and 8pm daily. There’s also the popular Shopee Quiz at 12pm on weekdays.

In addition, there are also daily voucher missions and customers can earn RM5, RM10, and RM20 worth of vouchers from these missions.

During the launch of its 9.9 sales, Shopee also revealed that famous footballer Cristiano Ronaldo is now its latest brand ambassador.

(Source:
Shopee Malaysia
,
Nasi Lemak Tech
)

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KPDNHEP To Look Into Claims Of Gardenia Bread Price Hike

(Image: The Sun Daily)

The Ministry of Domestic Trade and Consumer Affairs (KDNHEP) has commented that it is looking into claims that Gardenia Bakeries will increase the prices of most of its bread products starting from 1 December 2021.

The deputy minister of KDNHEP, Datuk Rosol Wahid said that his ministry is in the midst of investigating the matter. “Whether it is true or not, we will investigate the matter as we were not given prior notice,” he commented during a Parliament session. KPDNHEP had also said that it will release a statement after meeting Gardenia Bakeries’ management for clarification.

For context, an image displaying the
revised prices of various Gardenia products
 had gone viral on social media recently. Among other products, it claimed that consumers will soon need to pay RM2.80 for a loaf of Gardenia Original Classic 400g (up from RM2.50), as well as RM4.00 for the Gardenia Original Classic Jumbo 600g (up from RM3.55). The Gardenia Bran & WheatGerm 400g will also see its price increased – from RM2.50 to RM2.90 – alongside other crowd favourites such as Twiggies, Fluffy Buns, and Puazz buns.

(Image: Mashable SEA)

Aside from the price hike for Gardenia breads, Datuk Rosol also addressed the issue of a hike in vegetable prices, which was
raised by the Penang Consumers Association (CAP)
 and many social media users. They alleged that the price of vegetables had gone up by a whopping 200%.

In response, Datuk Rosol said that KPDNHEP found no truth to the claims following its enquiries. “When our enforcement officers were sent to the ground to investigate, they were told by CAP that they were not sure of the locations of where such incidents took place. This was because CAP said they based it on hearsay,” he clarified.

(Source:
Malay Mail
)

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Lazada Everyday Cashback Now Offsets 5% Of Order Value For Non-Cashback Products

Lazada has announced that customers will now only be allowed to redeem Everyday Cashback to offset 5% of the order value for their non-cashback/regular purchases, reduced from the previous 10%. On top of that, this amount will now also be capped at RM2 per order, as compared to the previous cap of RM5.

Meanwhile, those who are purchasing cashback-eligible products can continue to use their earned Everyday Cashback to offset 25% of their order value – capped at RM15 per order. For context, the redemption rate for this category had already been adjusted earlier this year (while the redemption rate for non-cashback regular purchases was left unrevised); prior to that, customers were able to use their earned Everyday Cashback to offset 30% of their order value for cashback-eligible items.

Aside from this, other criteria and use terms for Lazada’s Everyday Cashback feature also remains unchanged. You’re still required to collect the Everyday Cashback vouchers and apply them to your purchases to earn these cashback rewards, and then use them in your subsequent purchases once they have been credited to your account. The validity period of the Everyday Cashback earned is also maintained at 30 days from the day it is credited to you, and you can only use up to RM45 of cashback credit per day.

For context, Lazada launched
Everyday Cashback back in January this year
, and since then, the feature has become one of the key perks that customers tap into frequently to maximise their savings while shopping on the e-commerce platform. That said, the Everyday Cashback vouchers can now only be stacked with other selected vouchers – such as seller and free shipping vouchers –
following a recent revision in May 2023
; previously, it can be used in combination with any kind of vouchers on Lazada.

(Source:
Lazada
)

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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    ong

    22 days ago

we will ended up keep on ordering in Lazada  even we don’t really need

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Lazada Also Collaborates With The Government To Offer RM200 Rebate On Energy-Efficient Appliances

E-commerce platform Lazada has revealed its participation in the SAVE 2.0 programme, a government initiative that aims to increase public awareness and the number of energy-efficient products in the market. The programme does this by providing RM200 vouchers for Malaysians to use on selected products that contribute to its objectives.

In conjunction with its participation, Lazada is now accepting registrations of interest from customers who wish to apply for the rebate. Read on to find out more about the SAVE 2.0 programme, as well as how you can obtain your rebate voucher via Lazada.

SAVE 2.0: The Basics

To briefly explain, SAVE 2.0 is a programme that offers RM200 e-rebates to domestic households that purchase energy-efficient air conditioners or refrigerators. First announced during the tabling of
Budget 2021
, the programme is an initiative carried out by the Sustainable Energy Development Authority (SEDA) in collaboration with participating e-commerce platforms.

What constitutes energy-efficient appliances, though? Essentially, SAVE 2.0 defines them as electrical appliances that have a 4- or 5-star rating by the Energy Commission. Even more specifically, SAVE 2.0 said that its e-rebates can only be used for the purchases of air conditioners and refrigerators that are labelled as 4- or 5-star “Cekap Tenaga” in the year of 2021.

To be eligible for SAVE 2.0, you must – first and foremost – be a Malaysian citizen. In addition to that, you need to also have a registered account with domestic utility companies, such as Tenaga Nasional Berhad (TNB), Sabah Electricity Sdn Bhd (SESB), or Sarawak Energy Berhad (SEB). Each registered account can only claim one RM200 e-rebate, which is provided on a first-come first-served basis.

Also, the overall quota for the e-rebates will be divided between Peninsular Malaysia and East Malaysia to ensure that the number of consumers in urban and rural areas are balanced out.

How to apply via Lazada

To be clear, Lazada has
not
 officially opened up applications for the SAVE 2.0 programme yet. Instead, this round of sign-up is a
registration of interest
 to indicate that you’d like to be informed when the e-commerce platform rolls out the actual registration for SAVE 2.0 in the future. To register your interest, you will only need to provide your full name (as per your MyKad) and your email address.

While Lazada has yet to share exact specifics regarding the upcoming application procedure, the e-commerce platform does say that it will take 14 days to process and inform you of the status of your application. In addition to that, the e-rebate voucher that you get via the SAVE 2.0 programme will only be applicable to the products that you can find on Lazada’s
SAVE 2.0 campaign page
.

In other words, you will only be able to purchase from specific brands and merchant partners, including Daikin, Panasonic, LG, Toshiba, and Hitachi. As such, it may be a good idea for you to first browse through the selection of products that are available before you decide to register with Lazada.

***

For more information about
Lazada’s SAVE 2.0 programme
, you can head on over to the e-commerce platform’s official campaign page. Alternatively, you can contact SEDA Malaysia at +603-8870 5800 or check out its
website here
 if you have enquiries about the SAVE 2.0 programme in general.

Aside from Lazada,
Shopee
 is another e-commerce platform that has partnered with SEDA Malaysia to kickstart its own SAVE 2.0 programme earlier this year. In the case of Shopee, users were already able to officially apply for the rebate since the start of January 2021 – done by registering their personal details and electric utility account. This can be conducted via Shopee’s announcement page or a simple form in its app.

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Air Conditioners

Budget 2021

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LG

Panasonic

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Refrigerators

SAVE 2.0

SEB

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SESB

Shopee

Sustainable Energy Development Authority

TNB

Toshiba

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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