Hong Leong Rewards Cardholders With Vouchers And Gifts In Pay Safe Lah Campaign

Hong Leong Bank (HLB) is currently holding a Pay Safe Lah campaign, where its credit and debit cardholders can earn a range of rewards when they spend with their cards at more than 70 partner merchant outlets. Intended to encourage contactless and cashless payments, the campaign will run from now until 31 March 2021.

HLB cardholders can win a variety of gifts when they spend a specified minimum amount at any participating merchants, ranging from grocery and convenience stores to F&B, retail, electronics, as well as services. Each merchant will have its own minimum spend requirement, and the rewards offered may vary from rebate vouchers to free products and mystery gifts. For instance, Giant Hypermarket is giving away RM20 vouchers when you spend a minimum of RM200 in a single receipt, whereas MyNews is rewarding cardholders with a can of Wonda Coffee or Floridina Juice with a minimum spend of RM15 at one go.

Note as well that most of the rewards are offered on a first-come first-served basis, with a cap on the amount of items that are given away. Some of them may also come with their own terms of use – especially vouchers – or may require you to key in redemption codes (for e-commerce stores), so be sure to double check. Additionally, certain participating merchants may opt to shake things up by varying their gifts according to the campaign months or the amount of minimum spend. For example, Pasaraya Hwa Thai offers different gifts during different campaign months, whereas DirectD customers who spend a minimum of RM1,000 and RM2,000 will also get different freebies.

One deal in this HLB campaign that you could tap into is Shopee’s offer, where HLB cardholders who are new Shopee customers can get RM10 off with a minimum spend of RM40. Meanwhile, existing Shopee customers are entitled to RM8 off with a minimum spend of RM100. Other exciting deals include discounts of between RM5 to RM150 at Pensonic for selected products, and a RM50 gift voucher from Tan Boon Ming (TBM) electronic store with any purchase.

To find out more about HLB’s
Pay Safe Lah campaign
, you can head on over to the bank’s website. Alternatively, check out
the full list of participating vendors
 here for more information on what is on offer.

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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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4 Excuses That Are Keeping You From Financial Success

The road to adulthood is paved with adversity and it certainly demands great amounts of responsibility and finesse to overcome hurdles.

Similarly from a financial standpoint, many of us somehow find solace in succumbing to excuses that provide temporary solutions or satisfaction but not long term gain.

We’ve enlisted common financial excuses that we so often, consciously or unwittingly fall back on, that are keeping us from personal finance success.

1) I’m Still Young

Life’s too short, you only live once (YOLO), retirement is yonks away – yeah, we’ve heard them all. Somehow, they are are usually tied to the very notion of being young.

Unless you’ve discovered the fountain of youth, we suggest that you move away from this disposition as it will come back to bite you in the not so distant future.

Retirement is one thing, but what about when you get hitched, need to buy a home, vehicle or in cases of monetary emergency? Yes, all these are very possible in your youth and can be dodged with a simple action plan. Unfortunately, life doesn’t happen only when you’re ready.

So, start by creating a personal budget, monitor spending and sure, have a bit of fun as you go but always remember that proverbial rainy day.

2) I’m Too Busy

Regardless whether you have newly joined the working world or have been in it for awhile, some form of excuse is bound to have popped up in your journey of career and financial building.

Perhaps its the additional money you pay for convenience such as buying food out, hiring cleaners or sending your clothes to the laundromat. You justify this spending with the notion that you are much to busy to do it on your own.

Buying convenience can cost you a lot more than you realise if you make a habit of it and unless you are raking in big bucks for no one else but yourself – it can eat away at your paycheque.

Make an effort to do things for yourself once in awhile. Not only will it most likely be better for your health (cooking for yourself and getting exercise with housework); you’d save quite a bit of money in the long run.

3) I Don’t Make Enough Money

As human beings, it’s only natural that we are never content with what we have and constantly look to get more. If there is no limit to this satisfaction, how are we to tell if we earn enough?

Again, points 1 and 2 from above come into equation. You could draw up a personal budget to sort out finances and opt to dump them in a fixed deposit account, but what if you
really
 don’t have the privilege of setting aside some cash?

Every little bit counts.

Have the habit of throwing your pocket change (coins and small notes) into a little bag or storage every time you get home or fix an amount like RM10 to save for the week in order to get into gear.

These are nominal amounts but would amount to quite a fat sum if piled up over time, plus it promotes the age old financial habit of saving.

4) My Debt is Too Big

Poor financial decisions are part and parcel of life sometimes but achieving financial success is still possible. If you do find yourself in a financial hiccup, big or small, it certainly doesn’t spell the end of the world.

Debt can be managed with either the help of debt
consolidation loans
,
balance transfers
 or even a step-in from
AKPK
 if you feel it has gotten beyond your means.

Whichever method you choose; the journey doesn’t end with applying. After that, be committed to the repayment and that will see you onto the road to financial fitness once again.

To Err is Human

Whether we use these excuses legitimately or simply to live in the moment, they certainly can prevent us from achieving financial greatness.

Let’s take life’s lessons as a steep learning curve and put these aids to failure behind us. Through this, we are one step closer to reaching that pot of gold at the end of the rainbow. Or having a pretty cushy
fixed deposit
 of savings!

What are some of the excuses you make when spending and how are you curbing them? Let us know your thoughts in the comments!

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Can a balance transfer cut your credit card debt?

According to a Bank Negara statement made in

 The Financial Stability and Payment Systems Report 2012
, 51% of Malaysians carry forward their credit card balance every month. The strain of not only repaying that balance but a hefty rate of interest (12-18% p.a. or more) on top of it is likely stretching budgets to breaking point. It doesn’t matter how you racked up that debt – whether you needed it for an important surgery or car repair, or even if you gave in to temptation at one too many sale events – it needs to be paid back.

Whatever the reason you’ve got a huge credit card bill banks don’t discriminate as much as the moral police – you’ll be charged the same interest regardless of how you got the balance.

So if you’re tired of paying hundreds of ringgit on your credit card balance – only to find very small amounts shaved off the total amount – a balance transfer could be your answer.

What is a balance transfer on a credit card?

A balance transfer literally means transferring one full credit card balance onto another credit card. Okay, the card doesn’t necessarily have to be full but some balance transfer programmes do require that you have a ‘minimum’ amount of between RM1,000 – RM3,000 before they allow you to transfer.

It’s important to note however, that the two cards have to be from different issuers.

Why would anyone want one?

If you’re looking at the process and wondering why anyone would simply transfer one card balance to another for no good reason; hold up. There is a good reason: Because some balance transfers offer you as low as zero interest for a decent amount of time on the balance that has been transferred. This is due to stiff credit card competition between banks. In order to ‘poach’ customers from another bank – they offer you maybe, 0% interest for 6 months on your balance if you’ll switch cards.

So the answer to why anyone would want to transfer a balance is to enjoy low (or even no) interest on their balances for a set number of months to allow them to pay off their balances.

Essentially you’re buying some time to pay off that balance without seeing interest costs start adding heavily to that debt.

Balance transfer packages in the market offer interest rates as low as 0% up to approximately 6%. Tenures will also vary depending on the bank and rate. Usual tenures range from 6 months to 3 years with the 0% rate usually being offered only for 6 months.

Basic requirements for a Balance Transfer

If you’re thinking of taking a balance transfer here are some things you should consider:

1. How much is the balance you want to transfer?

This important for a few reasons: the bank in question may have a minimum transfer requirement; they may need you to pay off the whole amount in the time of the agreed special low interest rate; and you need an adequate available balance on the other card you want to transfer this amount to.

Considering the questions above;

2. Which bank offers you the best balance transfer rate?

Of course, finding this out can be tricky so we’ve done the compiling for you. Check out our
balance transfer
 page for a side-by-side comparison of the best rates.

3. Do you already have a credit card account with your destination bank?

In order to transfer the balance, you must have a credit card to transfer the balance to at your chosen bank. If not, you’ll have to apply for one.

4. Is the remaining credit limit on your card enough to hold the transferred balance?

If you already have a card account with the bank of choice; or if you just got one; is the credit limit enough to accommodate the amount you want to transfer?

5. Read the fine print!

Before signing up for ANY banking product – always read the fine print! Ask questions too if the information isn’t readily available. It’s important to know if the bank requires you to pay off the whole balance in the stipulated time or if you can continue paying the minimum payments. Then check your finances to see if you can afford this. Also take note of fees and charges. Some banks claim offer a 0% transfer but then charge you an upfront ‘processing/admin fee’ of say, 3% of the transferred total. This makes the transfer a 3% a year one and NOT a 0% BT.

There are also other fees such as late payment and early settlement fees.

Best practices to keep in mind

So you’ve got a balance transfer and are happily on the way to saving money on your interest. But here’s the problem many people face – they end up either not paying their monthly required sums or the use the old, now empty, card to rack up even more debt! In such scenarios, your balance transfer ends up costing you more money than it saves you! To avoid such a situation; keep these best practices in mind:

Do not use the new card your balance has been transferred to. Even though you have remaining credit – best to finish off paying the transferred balance first.

Pay the set monthly amount. The bank will always give you the recommended payment amount in order to settle your account quickest. If you miss a payment, pay less or simply pay late; you may lose your low interest rate and the interest will climb back to the usual 17-18%.

Make sure the care you are transferring onto is empty. If you add a balance transfer on top of an already revolving amount – you create a convoluted interest calculation system than could end up costing you more in the long run.

Cancel the old card! Once you’ve transferred your balance, you should have an empty card. Make sure you cancel it ASAP to avoid reusing it and piling on more owed amounts!

Ensure your balance transfer works for you and not against you
!

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Access Complimentary Digital Solutions When You Open The CIMB Business Current Account/-i

Digital technology has become not only an essential part of consumers’ daily lives but business owners’ as well. Whether it’s to keep up with demands or streamline operations, digitalisation has helped many businesses reach out to more audiences, manage their transactions remotely, and more.

With this, many business banking services now include digital solutions to help them thrive and close the digital divide in Malaysia. CIMB is going the extra mile to bring value to its micro, small, and medium enterprises (MSMEs) customers by offering myriad solutions with a curated network of expert SME Partners at discounted prices.

As we move towards an increasingly digitised environment, it’s inevitable that business owners will need to adopt technologies to meet customers’ demands and stay ahead of competitors. However, access to innovative digitalisation tools can be limited to only larger enterprises.

CIMB strives to provide digitalisation solutions to all its MSME customers so they can reach their full potential as well. So, kickstart your digital transformation with CIMB today and access a comprehensive suite of digital solutions that let you simplify business operations, reach more audience, and more.

Learn more about CIMB Business Current Account/-i
here
and SME Partners
here
.

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HLB To Revise Credit Card Redemption Rates In New Rewards Catalogue From July 2023

Come 1 July 2023, Hong Leong Bank (HLB) is set to revise the redemption rates of its credit card rewards points, which will see cardholders needing more points to redeem gift vouchers, air miles, and various other items from the bank’s updated rewards catalogue.

Despite this revision being imposed on the entire rewards catalogue, it actually only covers
one
 card in HLB’s cards portfolio: the
HLB Sutera Platinum
. Other rewards cards by HLB earn specific rewards: the
HLB Emirates cards
 earn Emirates Skywards miles; HLB
Infinite
,
Infinite P
,
Infinite Doctor’s Edition
 all earn Enrich Points, and the
HLB GSC cards
 earn GSC Points. This card, which earns up to 8x Rewards Points for every RM1 spent, is effectively nerfed come 1 July despite not having its benefits changed.

A quick glance at the new catalogue indicated that there will be an increase in points required for all redemptions, with air miles redemption having the highest increase. Enrich Points, for instance, will see a substantial 100% hike from its existing rate, while the amount required for e-vouchers is set to go up by 15.9%. Similarly, points redemption for annual fees of credit cards will go up by approximately 15%.

Here’s a look at how the air miles redemption rate, specifically, will be affected by this latest revision by HLB:

Air miles type
Existing redemption rate
New redemption rate (from 1 July 2023)
1,000 Enrich Points
– Online: 12,000
– Call centre: 12,360
– Online: 24,000
– Call centre: 28,800
1,000 airasia Points
– Online: 6,500
– Call centre: 6,800
– Online: 9,000
– Call centre: 10,800

However, there’s still some time for HLB Sutera cardholders to quickly browse through the current catalogue and make any redemptions at the existing rate. It’s fairly easy to do so via HLB Connect – simply log in to your account and click on “Other Services”, followed by “Inquire/Redeem Rewards Points”. You will then be guided through, until you complete the redemption process.

(Source: HLB [
1
,
2
])

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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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PIAM Announces Subsidy Of Up To RM500 For Clean-Up Of Flood-Hit Vehicles

(Image: Malay Mail/Hari Anggara)

The General Insurance Association of Malaysia (PIAM) has announced that it will be offering a one-off subsidy of up to RM500 for the clean-up of vehicles that were directly affected by the recent floods.

Provided under PIAM’s newly established Flood Relief Fund@Dec 2021 as a corporate social responsibility (CSR) initiative, the subsidy is capped at RM500 per car or commercial vehicle, and at RM100 for motorbikes. PIAM also emphasised that this initial aid is currently offered only for the clean-up of affected vehicles at workshops, and not repairs.

“Claimants will need to produce requisite evidence of flood damage to their vehicles and proof of previous insurance cover. The said vehicle must be either currently insured (any type of motor policy, with or without flood cover is eligible), or a vehicle that was last insured on 1 June 2021,” the associate further clarified in a statement, adding that it will share more details on how to apply for the fund soon.

(Image: The Star/Raja Faisal Hishan)

Additionally, PIAM noted that it has allocated a total of RM2.43 million for the initiative; the Flood Relief Fund@Dec 2021 will cease once the pledged amount has been exhausted. PIAM also invited other parties or industries to contribute to the fund to “extend the longevity of the Fund and consequently assist more affected motorists.”

This subsidy is made available on top of existing efforts that insurers are already providing to those affected by the floods two weekends ago, including
an easier and expedited flood claim process
. Back then, PIAM also shared that “special considerations” may be offered to customers on a case-to-case basis.

Aside from announcing the subsidy, PIAM also estimated that the general insurance industry is potentially facing a payout of between RM2 billion to RM3 billion for flood-related claims, due to the unusually severe floods that are happening across the country. The total includes actual and potential personal lines and commercial risks claims from the recent flash floods and the upcoming monsoon season.

(Source:
PIAM
)

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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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PDRM: MySejahtera SMS Promising Covid-19 Financial Aid Via TNG eWallet Is A Phishing Scam

The Royal Malaysia Police (PDRM) has raised the alarm on a recent phishing scam that involves the government’s health assessment system MySejahtera and the Touch ‘n Go (TNG) eWallet.

In a social media post made via its Cyber Crime Alert Facebook account, PDRM explained that these scammers will send SMSes to potential victims (from “GOV”), informing them that MySejahtera has credited Covid-19 financial assistance to their TNG eWallet account. The message also includes a link to a fake website, where you’ll then be required to key in your personal details as well as the PIN to your TNG eWallet account. As you can guess, this is intended to steal your TNG eWallet details.

PDRM further cautioned the public to be wary of such messages from unknown numbers, and to always verify matters with relevant parties or authorities before clicking on any suspicious links.

Separately, MySejahtera also issued an alert via its own social media account, saying that it has not sent out any SMSes related to Covid-19 financial aids. Like PDRM, it too advised the public to visit its official social media for official announcements and accurate information.

Makluman yang sahih berkaitan MySejahtera boleh didapati melalui media sosial MySejahtera.
Waspada dengan penyebaran maklumat yang tidak sahih. Sila rujuk infografik ini.
#MySejahtera
#MySejahtera2
.0
#ReopeningSafely

pic.twitter.com/0OrL5IC5Y9
— MySejahtera (@my_sejahtera)
July 31, 2022

This latest phishing scam came to light over the weekend when Twitter user @haaziq_mz asked MySejahtera for clarification regarding the matter via the social media platform. MySejahtera then informed him that the SMS is fake, and that it is in the process of reporting it to the Malaysian Communications and Multimedia Commission (MCMC). It also told the public to ignore such messages if received.

Weh. Ni scam using GOV SMS platform ke?
@my_sejahtera

pic.twitter.com/pdWNjMzvm8
— Haaziq Zahar (@haaziq_mz)
July 30, 2022

Phishing scams
 are undoubtedly on the rise, with the procedure
getting increasingly sophisticated
. As such, always take care to be wary of suspicious links in dubious messages, and avoid installing apps from unknown sources.

(Sources:
The Star
,
PDRM
,
MySejahtera
)

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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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HSBC’s SmartPrivileges website gets a complete makeover!

Have you checked out the
shiny new HSBC SmartPrivileges website
 yet? If your answer is no, we highly recommend that you give it a quick look.

Besides its eye-catching design, what we really like about the new site is just how convenient it is to use.

You can browse through promotions based on category and location, greatly saving the amount of time it takes to find one that you’re keen on. And boy, there are heaps of promos alright!

Another neat feature we’re impressed with is how the site can automatically detect your location on Google Maps and display the promotions nearest to you, sorted by categories too no less.

Great job, HSBC. Stay tuned as we highlight the many individual deals on the site over the coming weeks.

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Budget 2021: My30 Unlimited Travel Pass Expanded To Penang And Kuantan, New RM5 Monthly Unlimited Travel Pass Introduced

The government will continue to offer the existing My30 unlimited travel pass for RapidKL, allowing the Malaysian public to go on enjoying unlimited rail and bus services from Prasarana for a month at the price of RM30. Additionally, the pass will also be expanded to public transport services in Pulau Pinang and Kuantan, with an allocation of RM300 million for the initiative.

The My30 unlimited travel pass was first introduced under the
PENJANA economic recovery plan
, and it allows passholders to travel on MRT, LRT, and Monorel trains as well as BRT, RapidKL, and MRT feeder buses without limitations. It was supposed to end on December 2020.

On top of the expanded My30 unlimited travel pass, the government is also introducing a new RM5 unlimited monthly travel pass for students in Standard 1 to Form 6, as well as the disabled. They can use this pass for the KTM Komuter service in Klang Valley, Komuter Utara, trains travelling between Bandar Kuala Lipis and Tumpat, as well as trains in Sabah (between Beaufort and Tenom).

Finance Minister Tengku Zafrul Abdul Aziz said that if the average cost for travelling is currently set at RM5 per day, this pass will enable them to save as they will soon only need to fork out RM5 per month.

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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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3 Reasons Why You Shouldn’t Rely Only On Your Company Medical Insurance

These days, it is commonplace for companies and organisations to offer medical coverage as part of their employment benefits, providing you with access to medical protection as long as you are working for them. This, in turn, has prompted many individuals to question the necessity of purchasing a personal medical insurance – why fork out money to get my own when my company is already providing one? After all, that’s extra cash in hand for investment purposes, emergency savings, or other necessities, right?

However, there are several crucial factors to get your own medical insurance. In this article, we’ll share three reasons as to why you should not rely only on your company-provided medical insurance, and change the mentality of “one or the other” to “one complementing the other”.

Before we do that, let’s take a look at how company medical insurance works.

Company-Provided Medical Insurance: At A Glance

A company or organisation that offers medical coverage to its employees will usually buy group medical insurance plans in order to do so. These plans – as its name suggests – provide health coverage to a group of people, with the most common perks being medical cards for outpatient treatment or hospitalisation cover.

Typically, the benefits provided by these plans are standardised for employees based on their salary packages; employees in the same salary brackets receive the same amount of coverage regardless of their medical background. Some plans (usually the higher-tiered ones) will also allow you to extend the medical insurance coverage to your immediate family members or other dependents (usually at an extra cost). Depending on your health, this standardised coverage can be good or bad.

Meanwhile, individual or personal medical insurance works quite differently to group medical insurance policies. Here’s a table to show the key differences between group medical insurance and individual medical insurance plans:

Individual/Personal medical insurance
Group medical insurance
Not affected by employment tenure
Only provided if an individual is part of the organisation
The policyholder (you) owns the contract of the insurance
The employer owns the contract of the insurance, and you (as the employee) receives the certificates
The insured (you) has the right to make decisions regarding the policy (e.g. changing plans, increase/decrease limits, cancellations, etc.)
The company has the right to make decisions regarding the policy (e.g. changing plans, increase/decrease limits, cancellations, etc.)
Policy is personalised to the policyholder, based on risk factors such as age and medical history
Policy is standard across all employees in the same salary bracket
Entry cost increases with age
Entry cost remains the same regardless of employees’ age

Why You Should Still Have Your Own Medical Insurance

Now that you have an idea of how company (or group) medical insurance works, we’ll delve into a few reasons why you should not rely solely on them. Without doubt, your company’s medical insurance benefits are a useful perk, but there are situations where they are insufficient.

1) Standardised coverage may not be sufficient

Group medical insurance plans usually allocate a fixed amount of coverage for all members – usually without requiring pre-medical screening. Just like individual medical insurance, there is a limit to the coverage provided, and once it is exhausted, it will only be refreshed in the next calendar year. As such, your company’s medical insurance benefits are a useful first layer that can cover minor outpatient or hospitalisation costs.

Similarly, this one-size-fits-all approach for company medical insurance means it shouldn’t be relied upon as your sole medical policy. Sure, most of the time, employees won’t reach this annual limit, but if something unfortunate happens and you are hospitalised for a lengthy period of time, that’s when things can get very messy – you’ll now need to pay for the medical costs beyond your company’s medical benefits coverage.

2) Changes in employment situation

(Image: Malay Mail/Firdaus Latif)

Depending on company medical insurance means that you are only insured when you are employed. A change in your employment status – such as being laid off, switching to a freelance position, or going on a sabbatical – will result in you losing your medical insurance and thus being in a protection gap (a period where you are not covered by insurance).

If you’re extremely unlucky, a protection gap can be catastrophic. Any medical emergencies that take place during this period when you are unprotected will force you to dip into your savings, which may sometimes be insufficient depending on the severity of the emergency.

A good instance of this scenario can be seen from our country’s ongoing fight against the Covid-19 pandemic, where numerous Malaysians
 abruptly found themselves unemployed
 as employers struggled to keep their businesses afloat. Without a job (and consequently, the company medical insurance provided), these individuals would be left uninsured if they do not have their own personal medical insurance, and any major health emergencies could leave them potentially crippled financially.

3) No post-retirement coverage

Given that the minimum retirement age in Malaysia is currently set at
 60 years old
, and with statistics showing that Malaysians are now enjoying a
 longer life expectancy of up to 75 years old
, this would mean that you could be unprotected at a time when you are statistically most likely to require medical treatment!

In addition to that, waiting until your golden years to get a medical plan is a financially unwise move, solely because age plays a big role in determining the premium. Younger people typically have more affordable premiums as they are perceived to be less risky or likely to require medical care.

By the same token, older people are assigned
 significantly higher premiums
 due to their health risks; there is a higher chance that you may make medical claims when you’re older, and the insurance company takes this into consideration when deciding on your premium. To illustrate,
 an earlier study done in the US
 showed that medical insurance premiums for adults aged between 50 to 59 will increase by 13%, whereas those aged 60 and above will face a 22% hike. While these numbers do not translate directly to our local insurance industry, it gives you an idea of the impact that age has on medical insurance premiums.

Given these arguments, it clearly makes better sense to purchase your medical plan at a younger age, when you’re still at the peak of your health.

***

Of course, cost naturally comes into play when purchasing any form of insurance protection. As such, AXA AFFIN Life Insurance offers a wide range of competitively priced medical insurance plans. For example,
 AXA eMedic
 is a basic policy that provides medical coverage with an annual limit of up to RM100,000. The premium starts at a low RM37* per month (that’s about RM1.20 per day), and includes benefits such as unlimited days for room & board, as well as cashless admission at panel hospitals. Open to those aged between 15 days to 49 years old, the plan is renewable up to the age of 80, and can be purchased via online application with no medical check-ups required.

Better yet, you can enjoy a 5% discount on the premium if you tap into the Family Plan offer by purchasing AXA eMedic with your family members! This package is applicable to a minimum of one adult and one child, and a maximum of two adults and five children.

If you need something more, though, the
 AXA iMed plan
 may suit you better. AXA iMed comes with an increased annual limit of up to RM180,000, along with daily hospital allowance (RM100 for ICU, RM50 for normal wards) and compassionate allowance of up to RM3,800. It also has the rare advantage of offering additional coverage for chiropractic and acupuncture treatment, which is usually excluded by most insurers.

Like eMedic, AXA iMed is also available only to those between the age of 15 days to 49 years old, and does not require medical check-up to purchase. It can be purchased online and is renewable until the age of 80 as well.

Medical benefits are one of the ways companies attract talent, but it should not mean that it is sufficient for everyone. This benefit should serve as a complement to your existing medical insurance policy, and not a replacement.

*based on age & plan chosen

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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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3 Ways VGi Transit is Making Its Mark On The Out-Of-Home Advertising Industry

While walking through a public transit station, you would be hard-pressed to miss the numerous billboards, posters, and gigantic cut-outs promoting one brand or another. In fact, a station free from any advertising would likely be a little mundane for the numerous commuters who make their daily trek. After all, the colourful visuals and clever slogans offer a little laugh to break the monotony of a long day.

If you’ve ever taken the KTM Komuter or travelled through the MRT Sungai Buloh – Kajang line, you’ve likely seen the work of
VGI Transit, a Thailand-origin Out-of-Home (OOH) media owner
who has held the exclusive rights to managing the advertising space and commercials areas surrounding the entire BTS Skytrain Bangkok since 1999.

In 2017, VGi Global Media expanded its reach to Kuala Lumpur and is responsible for the advertisement space spanning the 54 stations of the KTMB line and 31 stations of the Sungai Buloh – Kajang MRT line. VGi Transit has carved out a space for itself within the local OOH advertising industry by offering people-centric solutions to drive brand engagement.

From Bangkok to Kulala Lumpur, they’re changing up Malaysia’s OOH scene by connecting brands on an emotional level, providing more than just ad space, creating new experiences for consumers and brands, in 3 impressive ways.

Connecting Brands With People On An Emotional Level

At the heart of VGi Transit is their drive to help brands build long-lasting relationships with consumers by capturing the hearts of commuters. After all, the dwell time and confined space of waiting at the station and the ensuing train ride allows brands to communicate with consumers in an exclusive proximity and opportunity that is rarely found elsewhere.

Take, for example, local MRT stations where commuters wait an average of 5 minutes before catching a train. This dwell time increases 35 minutes with KTM stations. During these golden periods, commuters are hungry for content to keep them entertained while waiting. Understanding the value of this time, VGi Transit converts this “me time” where commuters are more relaxed and more willing to engage into meaningful interactions with brands using assets that range from static visuals to digital billboards and interactive audience experiences such as promoters and high-tech elements.

Providing Solutions That Go Beyond Just Ad Space

VGi Transit expands beyond static advertising to offer interactive and creative O2O (online-to-offline) solutions to bring campaigns to life. Be it SMEs or multinational companies, VGi Transit has helped brands of all sizes achieve their goals using a wide range of advertising media.

Digital screens allow for dynamic messaging using sound and motion to deliver impact, while technological advancements mean today you don’t have ads that just sell products, but also interact with you – like Pepsico’s Voice Activation Vending Machine. After all, nearly 176,000 commuters took the MRT daily in 2019, so capturing their attention is a necessity for effective transit advertising.

Pioneering New Experiences for Consumers and Brands

This prominence is further assisted by creative use of ad space and tools that are unique to each campaign, resulting in new experiences such as visually appealing lightboxes and digital billboards.

This innovation can be seen in VGi Transit’s more memorable audience experiences. These include the larger-than-life displays of Wonda Coffee that stretched throughout transit stations, the creative engagement of Pepsico Voice Activation Vending Machine at MRT stations, and conducting the first-ever digital treasure hunt at MRT stations within Klang Valley with SAYS.com.

But, With The Current CMCO, Is OOH Still Relevant?

However, while these creative engagements are eye-catching, they do depend on an audience. And today, with the rising of Covid-19 cases, resulting extended CMCO, and general encouragement for workforces to work-from-home when possible, there is an inevitable question of whether Out-Of-Home advertising such as transit advertising is still relevant today. Besides, with affordable, portable gadgets these days, OOH is facing a lot of media competitors – which brings us to the question – is OOH a dying industry?

If you’re a business owner thinking about incorporating OOH into your marketing plan or just someone who has a keen interest in the Out-Of-Home advertising industry, tune in to the upcoming interview with VGi Transit’s CEO where he discusses the new direction OOH advertising is taking amidst the pandemic.

Catch the full interview at the RinggitPlus Show on our Facebook page on 13 January 2021.

Or, if you already like what you hear and want to explore your OOH advertising options with VGi Transit,
reach out to them here
.

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Public Bank, Hong Leong Bank Revealed As Top Scorers Against Credit Risks

Public Bank and Hong Leong Bank are top-scoring banks for defensiveness against credit risks, CGS-CIMB Equities Research’s new scoring methodology has found. The research house’s report on Thursday showed that Public Bank and Hong Leong Bank scored the highest at 37-38 points versus the 10-24 points garnered by peers.

The ranking made Public Bank and Hong Leong potentially the most defensive banks against any increase in the company’s gross impaired loan (GIL) in 2021F arising from the Covid-19 outbreak.

(Image: The Edge Markets)

The eight Malaysian banks were ranked in the report against five indicators to assess their defensiveness against credit risks. The indicators were:

the peak GIL ratio in the past 20 years

collateral coverage

loan loss coverage

total buffer coverage

percentage loan exposure to residential mortgages.

CGS-CIMB Research also ran stress tests on the banks’ forecasted net profits for the upcoming financial year. The results from the stress test show that the impact would be smallest for three banks: Public Bank, Hong Leong Bank, and BIMB, given that the total provision buffer of these banks can cover the additional provisioning from the doubling of their GIL ratios.

(Source:
The Star
)

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Win Apple Watch Or Take Home Guaranteed Shopping Voucher, Air Fryer, And More

The Unbox This Week credit card campaign is back with exciting gifts from participating banks!

For those who are new to this campaign, Unbox This Week is a weekly event where we present to you fantastic weekly flash deals from our featured bank partners. All you need to do is apply for selected credit cards from these banks of the week through RinggitPlus and you’ll take home some great prizes.

For this week (17 May – 23 May 2022), our featured bank partners are

Citibank, HSBC Bank, Standard Chartered Bank, Alliance Bank, and AmBank
. So, if you’ve considered applying for a credit card with any of these banks, you know what to do to get more out of your application!

Citibank – RM800
TNG Credit

Here we have a guaranteed
TNG credit worth RM800
just for you when you apply for a Citibank Credit Card. Get more to spend on tolls, items, or services at any platform you like that accept TNG payments.

Remember to activate and spend a minimum of eight retail transactions on your new card within 60 days upon gaining approval. Once the bank has confirmed your eligibility with us, you’ll receive instructions from us via email on how you can claim your gift.

Take note, though, that current cardmembers and individuals who have cancelled their Citibank credit cards within a year prior to this campaign do not qualify for this promotion. Otherwise, those who wish to apply for their new Citi credit cards can
head on over here to do so
.

HSBC – Apple Watch Series 7 & RM600 Shopee e-voucher

Here’s your chance to win one out of 20 units of Apple Watch when you apply for a credit card with HSBC! Touted as having the largest display yet for Apple watches, the
Apple Watch Series 7
 promises a more seamless experience with easier viewing and tapping.

Those who are not selected will walk away with a guaranteed
Shopee e-voucher worth RM600
to shop around.

Don’t forget to activate and spend a minimum of RM1,000 on your new card within 60 days upon gaining approval to be eligible for this gift. That said, do note that current cardholders and applicants who were denied within six months prior to this campaign, as well as those who have cancelled their HSBC credit cards within six months prior to this campaign are not eligible for our campaign. Otherwise, you can apply for your HSBC credit card
here
.

Standard Chartered Bank – PerySmith Air Fryer OR URBANlite Trapez 24’’ Luggage

Standard Chartered is giving ALL approved applicants a guaranteed gift and there are options to choose from too! Pick either a
PerySmith 4.2L 3D Air Fryer
that allows for easy meal preps on those busy work days or an
URBANlite Trapez 24’’ 8-Wheel Spinner Hard Case Luggage
to pack with on your next adventure.

Everyone’s a winner when you apply for selected Standard Chartered credit cards. Just remember, you will need to activate your card within 30 days upon approval to be eligible for this gift. Lastly, be aware that existing cardholders and individuals who have held a Standard Chartered credit card in the past six months are not eligible for this campaign. If you qualify, then you can apply for your new Standard Chartered credit card
here
.

Alliance Bank – RM200 Shopee e-voucher OR URBANlite Edge 20″ Luggage

The more options, the merrier! Choose a guaranteed gift when you apply for a new Alliance Bank Credit Card! Select the
Shopee e-voucher worth RM200
to top up your weekly groceries, pantry goodies, essentials and more.

Otherwise, opt for a brand new
URBANlite Edge 20″ Expandable 8-Wheel Spinner Hard Case Luggage
as your stylish companion on your future trips.

Upon approval, you just have to activate to meet the requirements of the campaign and be eligible to get the prize. Existing cardholders of any Alliance Bank credit card and individuals who have held or cancelled an Alliance Bank credit card in the past six months are not eligible for this campaign. Apply for an Alliance Bank Credit Card
here
.

AmBank – Morgan Air Fryer

Experience easy breezy cooking with a guaranteed Morgan Air Fryer when you apply for an AmBank Credit Card. Everyone has those days where you just don’t want to leave home for your meals. Prepare homemade dishes in just a few clicks with a handy air fryer.

Apply, get approved and activate your Ambank credit card within 30 days upon approval to be eligible for this prize. Existing cardholders and individuals who have held or cancelled an Ambank credit card in the past year are not eligible for this campaign.
Apply for an Ambank Credit Card here
.

***

Finally, be sure to start your application with our WhatsApp chatbot so that your eligibility is guaranteed, and we can always be at hand to help you when you need us.

While this week’s flash deal ends on 23 May (11am), do follow us on our
Facebook page
 to receive the latest Unbox This Week offers as we refresh the deals every week.

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Charterhouse Malaysia’s A-Level Courses Develop Future-Ready Students, Now Offering Carthusian Award For Founding Students

The period of transitioning from school to work is important for acquiring knowledge and skills that are needed for real-world success. After secondary school, the prospect of pursuing our dream careers can be exciting. “Which subjects should I take?” or “How should I prepare for the working world?” we may ask ourselves.

No matter the choice of our career, we know that the world is ever-changing thanks to technology development and what is in demand today may no longer be needed in the future. Hence, it is vital that we learn skills and knowledge that will prepare us for any unexpected circumstances — to be future-ready.

Charterhouse is one of the original seven schools in British public education with a 400-year history. Charterhouse Malaysia will be the first Charterhouse school to open in Southeast Asia and will offer a curriculum that focuses on developing students to become future-ready individuals. It is now offering A-Level courses for students aged from 16 to 18 years old for its new intake starting on 23 Aug 2021.

Let’s find out how Charterhouse Malaysia helps students reach their full potential in school, work, and life!

Getting The ‘Gold Standard’ Qualification

The Cambridge Advanced Level or A Level is a pre-university programme conducted by the Cambridge Assessment International Education (CAIE), United Kingdom. The Cambridge A-Level is considered by some the ‘Gold Standard’ of international pre-university qualifications and is the gateway to prestigious universities worldwide.

Charterhouse Malaysia’s curriculum prepares students for the Cambridge International A-Level examinations and applications to universities in the UK, US, Australia, and around the world.

At Charterhouse Malaysia, students are taught by professionals who have been chosen for their experience teaching ‘A’ Levels and are capable of not only helping students to secure good grades but also coaching students through their university application process.

Students are taught in small classes with a maximum of 12 per class where independent study and research are highly emphasized.

Becoming Future-Ready Individuals

The old phrase, “change is constant” rings particularly true in the 21st-century working world. Technology is enabling new norms like working from home and everywhere we go, it is teeming with new trends, ideas, and products.

At Charterhouse Malaysia, the educational programme is deliberately and thoughtfully designed to provide students with the knowledge, skills, and understanding that will enable them to successfully navigate through constant change.

First, it will build students’ ability to exercise the full breadth of their intelligence so they will know how to learn and succeed in a rigorous academic environment while also having the confidence to move easily in global communities with strong language skills and cultural knowledge.

Secondly, it teaches students the flexibility to respond to changing situations with imagination and creativity. Lastly, the school will instill the importance of ethical qualities in students so they will become individuals who will make a difference and contribute to society.

Beyond The Formal Curriculum

A well-rounded education does not only help students achieve good grades but also engage them in meaningful activities, support their interests, and teach transferable life skills. A school day in Charterhouse Malaysia is designed to provide students with opportunities to collaborate and develop leadership.

For example, on Monday, Wednesday and Friday afternoons, students will get to build important skills through the Independent Learning Programme, community outreach initiatives, and extra–curricular activities.

The Independent Learning Projects (ILP) form an integral part of Charterhouse Malaysia’s curriculum and gives students the opportunity to demonstrate their mastery of a subject through their own research project.

Charterhouse Malaysia also teaches students to solve problems using ‘design thinking’, an innovative process widely used by scientists, inventors and innovators. It involves five phases – empathise, define, ideate, prototype and test. When students have mastered these skills, they can apply them to solve any problem.

Another key feature of Charterhouse Malaysia’s curriculum is the “Spectra Smarts” programme. Each week a different aspect of human intelligence is explored by studying sources of wisdom from around the world including Chinese philosopher Confucius and others, so students learn to recognise and think deeply about human intelligence in its various forms.

Enjoying A ‘Campus Life’

One of the most rewarding parts of attending university is the sense of community we get from meeting our peers, learning, and overcoming challenges together. Located in Hartamas, Kuala Lumpur, Charterhouse Malaysia’s campus is fitted with modern, open, creative, and community learning spaces, giving off a college campus vibe.

All students will automatically become members of the Charterhouse Forum which is a platform for students to explore opportunities to take on leadership roles or to be active team members, and to have a substantial impact on the Charterhouse Malaysia community and beyond.

On the other hand, the Charterhouse Learner’s Portfolio is an online platform where students are able to showcase their learning journey. They can share instances of how they creatively approached challenges and overcame them. Through their actions and participation in school and the community, they may inspire others to do the same.

***

The modern workplace has developed to become so progressive that, in order to thrive, graduates will need to be able to think critically, solve problems, innovate, and inspire. An education that can help prepare your children for an ever-changing future could be worth investing in.

Charterhouse Malaysia is currently offering the Founding Carthusian Award to students who will be selected based on their merits. Students who are successfully conferred at the institution will benefit from a RM60,000 fixed annual fee promotion. The course’s original fee is RM99,000 per year.

So, if you want to give your children a well-rounded education that combines 400 years of formal education with structured learning activities, you can consider Charterhouse Malaysia and take advantage of its promotion.

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Lazada 4.4 Bank Promo Codes: Save More In The Jualan Mega Raya

With 4 April dawning in just a matter of hours, avid online shoppers will undoubtedly be readying themselves for yet another double date sale event – especially with the upcoming Hari Raya celebrations just around the corner! As you can expect, Lazada is also joining in on the excitement with its Jualan Raya Mega, offering plenty of discounts and promo codes, free shipping vouchers, flash deals, as well as special events.

Of course, the first thing to do is to claim the bank vouchers that are relevant to you! After all, they’re additional savings that you can tap into, on top of all the generous rebates that are already provided on the e-commerce platform – and they’re stackable with other vouchers the platform has to offer. These vouchers work on a “first claim” basis, which means that you must rush to claim them once they’re released at the start of the event. Once obtained, they’re yours to use whenever you want, as long as it is within the campaign period.

Here are the various bank vouchers that you can redeem for Lazada’s upcoming sale event, compiled for your ease! Take note that these vouchers are valid from 4 to 6 April 2023.

AEON Credit

Promo code:
collect here
Discount: RM18 off with RM150 minimum spend
Quantity: 727 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Affin Bank

Promo code:
collect here
Discount: RM12 off with RM120 minimum spend
Quantity: 700 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM18 off with RM150 minimum spend
Quantity: 400 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Alliance Bank

Promo code:
ALBRAYA15
Discount: RM15 off with RM150 minimum spend
Quantity: 150 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
ALBRAYA50
Discount: RM50 off with RM500 minimum spend
Quantity: 50 redemptions (collect from midnight 4 April, may replenish at different times of the day)

AmBank (debit card)

Promo code:
AMBRAYA
Discount: RM12 off with RM100 minimum spend
Quantity: 400 redemptions (collect from midnight 4 April, may replenish at different times of the day)

There is also another deal by AmBank, where you will be entitled to a voucher worth RM10 if you save your debit card on the Lazada platform for the first time – valid from 1 to 6 April 2023. There are 200 units of these vouchers up for grabs, provided on a first-come first-served basis.

Note that these vouchers must be utilised within seven days after it is credited into your account, with a minimum spend requirement of RM80.

Bank Islam

Promo code:
collect here
Discount: RM20 off with RM150 minimum spend
Quantity: 1,288 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Bank Simpanan Nasional

Promo code:
BSNRAYA
Discount: RM20 off with RM150 minimum spend
Quantity: 233 redemptions (collect from midnight 4 April, may replenish at different times of the day)

CIMB Bank

Promo code:
collect here
Discount: RM16 off with RM160 minimum spend
Quantity: 400 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM50 off with RM600 minimum spend
Quantity: 250 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Citi & UOB Bank

Promo code:
collect here
Discount: RM22 off with RM200 minimum spend (UOB and Citi branded credit cards)
Quantity: 1,200 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM30 off with RM200 minimum spend (Citi Lazada credit card only)
Quantity: 464 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Exclusively on 4 April, you can also get a cashback reward of RM20 when you top up a minimum of RM250 into your Lazada Wallet with your UOB or Citi branded credit card. Capped at 300 redemptions, the reward will be credited into your account within 30 days from the day of successful top-up. Note that cashback reward itself has a 30-day validity period.

HSBC Bank

Promo code:
collect here
Discount: RM25 off with RM300 minimum spend
Quantity: 1,200 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM50 off with RM600 minimum spend
Quantity: 500 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM100 off with RM1,200 minimum spend
Quantity: 250 redemptions (collect from midnight 4 April, may replenish at different times of the day)

On top of these, there is also an ongoing promo that offers you a voucher worth RM10 when you save your HSBC credit card on Lazada for the first time. Running all year long from 4 April until 31 December, this voucher is provided on a first-come first-served basis, capped at 10,000 redemptions.

The voucher will be credited into your account instantly once your card is successfully added, and is valid for seven days. It also has a minimum spend requirement of RM50.

Mastercard

Promo code:
collect here
Discount: RM11 off with RM150 minimum spend
Quantity: 10,000 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM50 off with RM600 minimum spend
Quantity: 2,500 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
collect here
Discount: RM100 off with RM1,200 minimum spend
Quantity: 500 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Maybank

Promo code:
MAYRAYA
Discount: RM15 off with RM130 minimum spend (Maybank credit and charge cards)
Quantity: 2,500 redemptions (collect from midnight 4 April, may replenish at different times of the day)

Promo code:
AMEXRAYA
Discount: RM18 off with RM150 minimum spend
Quantity: 1,000 redemptions (collect from midnight 4 April, may replenish at different times of the day)

RHB Bank

Promo code:
collect here
Discount: RM18 off with RM150 minimum spend
Quantity: 1,000 redemptions (collect from midnight 4 April, may replenish at different times of the day)

***

Aside from bank partner vouchers, remember to also collect seller vouchers, Lazada Bonus, and free shipping vouchers to make your shopping experience all that sweeter! This is because Lazada lets you stack up to
seven
vouchers in a single order: Lazada Bonus + platform voucher + bank voucher + free shipping voucher + store voucher + Everyday Cashback + Coins Discount (selected stores only).

Naturally, this makes it perfect for purchasing big-ticket items that you’ve been eyeing for a while now! Just look at how all the stacking works in real life:

This order was made in the last single day mega sale (3.3 2023), with a final order amount of RM78.71 – a 43% discount from the listed price

This 4.4 sale, Lazada Bonus makes a return as well, which you must collect in the days leading up to Lazada’s Jualan Raya Mega. This bonus can be used to offset RM9 for every RM90 that you spend during the upcoming sale, essentially giving you a 10% discount.

Lastly, remember to use your cashback credit cards when you shop during Lazada’s Jualan Raya Mega to gain extra returns from your purchases, adding on to the discounts that you are already enjoying! Here’s our
curated list of best cashback credit cards for online shopping
, if you’re not sure which card to use.

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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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Hong Leong Assurance Introduces Life Insurance For Cancer Survivors

Hong Leong Assurance (HLA) launched the Beyond Cancer Plan, an investment-linked life insurance policy specifically for cancer survivors. It is the first and only life insurance plan for cancer survivors in Malaysia.

The HLA Beyond Cancer Plan offers policyholders a sum assured of up to RM350,000 for their loved ones in the event of their passing. It also comes with an optional rider covering 10 major critical illnesses including stroke, heart attack, and kidney failure, offering cancer survivors the option to have that additional level of coverage as well.

Upon the sixth year of coverage, Beyond Cancer Plan policyholders will have their coverage boosted by 50% with no underwriting or extra charges. From the seventh year onwards, policyholders are entitled to Bonus Units starting from 0.04% of the account value as an additional reward.

The plan is only eligible to cancer survivors who are in a complete cancer remission for a minimum amount of time. The minimum duration of remission varies according to the individual’s stage of cancer from their last treatment. Those who were treated for Stage I of cancer must have been in remission for at least one day whereas those who had Stage IV cancer must have been in remission for 12 months.

The HLA Beyond Cancer Plan is available to cancer survivors aged between 30 days and 70 years old. There are multiple coverage term options available, and the policy extends automatically upon maturity up to age 100. To find out more, you can visit the
Hong Leong Assurance website
.

(Source:
The Edge Markets
)

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Kenanga, Merchantrade Launch Malaysia’s First Stockbroker E-Wallet, Kenanga Money

Kenanga Investment Bank (Kenanga IB) has announced that it will soon be introducing Malaysia’s first stockbroker e-wallet, Kenanga Money, in collaboration with Merchantrade Asia Sdn Bhd. The e-wallet will be rolled out in phases across the next few months, and it will be supported by a Visa prepaid card feature.

In a statement, Kenanga IB said that the e-wallet will offer users the benefit of being able to easily transfer funds from their stockbroking account into an e-wallet and prepaid card for retail payments, remittance, and withdrawals worldwide. Additionally, its multi-currency function lets users buy, sell, and store up to 20 foreign currencies at any given time – set at Merchantrade’s exchange rates.

(Image: New Straits Times)

“In addition to enjoying an interest income on their credit balances, our clients will also be able to seamlessly access their funds through the e-wallet and card for day-to-day purchases, cash withdrawals, and multi-currency transactions locally and abroad, bringing new levels of convenience and flexibility to their everyday lives,” said the group managing director of Kenanga IB, Datuk Chay Wai Leong.

Datuk Chay further said that Kenanga Money will complement the bank’s growing suite of digital solutions, allowing for the delivery of an integrated, seamless, and multifaceted service to its growing base of almost 300,000 accountholders. The launch of this e-wallet also marks the investment bank’s entry into the cashless payment space.

(Image: Malay Mail)

Meanwhile, the managing director of Merchantrade, Ramasamy K Veeran said that the company is constantly seeking for the right opportunities and partners to broaden its reach and serve a wider market with its unique technology and solutions.

“Both Kenanga and Merchantrade are homegrown brands that have stood the test of time, and are thriving through digital innovation. We are confident that Kenanga Money will be a game changer for the stockbroking industry,” he said, adding that the e-wallet would be enthusiastically received by digitally savvy and discerning stockbrokers nationwide.

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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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Setel Rolls Out Setel Lite App For Users With Older Phones, Slower Connectivity

Petronas-backed payment service provider Setel has rolled out a lightweight version of its existing app, called Setel Lite. Meant to cater to the needs of those with older or budget phones, or those who live in areas with low or irregular internet availability, the Lite app is primarily focused on offering the convenience of purchasing and paying for petrol from within your car.

In its FAQ, Setel highlighted that the app – which has a smaller file size that only requires 15MB of storage – can be run on devices with operating systems as old as Android 4.4 (Android devices) and EMUI 3 (Huawei devices). On top of that, the app is also designed to work on slower 3G networks or internet connections, in case you are in an area with bad connectivity.

Setel further clarified that users of the Lite app will be able to tap into key features such as:

Registering for a new Setel account and use referral codes

Top up Setel Wallet via online banking and vouchers

Pay for fuel at Petronas from the app, and view payment history

View account and Mesra card details

Use
Setel Share
 as a payment method

Earn up to 3x Mesra points when purchasing fuel

Understandably, this lightweight version does not support other extra, upgraded features found on the regular Setel app, such as
EV charging
,
parking
, or
DuitNow payments
. Other limitations also include not being able to convert your Mesra points into wallet balance or use them to purchase vouchers, and pay using
CardTerus
, a function that lets you pay for petrol directly by linking your credit card to the app. Specifically, you will be limited to only Setel Wallet and Setel Share as payment methods (top up with cash at Petronas stations or via online banking).

Note as well that users are allowed to install and use both the regular Setel and Setel Lite apps on their devices, but logging into one app will automatically log you out of the other. In other words, you cannot be logged into both apps at the same time. Additionally, you can see all the fuelling transactions that you have made on either apps, but non-fuelling transactions carried out via your regular Setel app will not appear in the Lite app.

Finally, your Setel Wallet also cannot be upgraded on the Lite app, but if you’ve done so on your regular Setel app, the
increased account limits
 (RM5,000 wallet size and RM2,000 daily spending limit, among other things) will also apply to your Lite app (if you decide to install both apps on your device). This is because both the regular Setel and Setel Lite apps will still be bound to your same account limits.

If you’re interested to check out the Setel Lite app, you can download it for free on
Google Play
. Setel also said that Setel Lite will be rolled out for Huawei AppGallery soon, but will not be available for iOS yet.

(Source: Setel [
1
,
2
])

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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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Wahed Launches Savings Booster Programme With Goal-Based Investment Plans

Digital Islamic investment manager Wahed Technologies has launched its new Savings Booster Programme, which allows Malaysians to save and invest through shariah-compliant portfolios, as well as reap attractive incentives from a curated list of partners. It aims to encourage the public to take better control of their savings and investments in a bid to achieve a more secure financial future.

The Savings Booster Programme is a goal-based incentive programme that rewards investors as they put their money into diversified portfolios. Aside from helping you to save up for a specific goal, you will also earn additional perks when you set and successfully achieve specific financial milestones.

To qualify for the Savings Booster Programme, you must first have an investment account with Wahed Invest. If you do, go ahead and browse through the investment and savings plans that are listed in the programme’s landing page, and then sign up for a goal that you’d like to invest in. The plans are offered in collaboration with various partners, including Tripfez Travel Sdn Bhd, Zenyum, and Artius.

From there, go on and save up to reach the target of your plan within the specified period. Once you hit the target, you will then qualify for the service that you’re aiming for, as well as be entitled to some bonus benefits. Here are some goal-based plans that you can currently sign up for via the Savings Booster Programme and the rewards or perks that you can earn:

Brand partners
Investment goal
Investment target
Period
Extra perks and benefits
Tripfez Travel Sdn Bhd
Umrah
RM10,000
Minimum 6 months
RM400 discount on early umrah bookings (subject to reopening of borders)
Zenyum
Invisible braces
RM5,000
3 to 6 months
Up to RM600 discount on aligners and retainers
Artius
Orthodontics treatment
RM7,000
6 to 12 months
10% discount on dental treatments

If you do not reach the funding target in time, you will not be eligible to claim the perks and benefits that you’ve signed up for. Consequently, you must re-register for the plan and continue saving towards your goal.

According to the country executive director of Wahed Invest, Mohd Izzat Fadhli Azman, these benefits are tailored to the young adults and millennials of today who aspire to have a better quality of life and health.

(Image: Business Today)

“To help them achieve these life goals whilst navigating the increasing cost of living would mean that they often need a better option to save and manage their finances. As the country’s first Islamic digital investment manager, we set out to provide Malaysians with a reliable and transparent investment product that is not only efficient and accessible but also shariah-compliant at its core,” said Izzat.

Izzat further shared that Wahed will strive to bring more value-added benefits to the Savings Booster Programme. “We are also open to any company who would be interested to be a partner in this programme to incentivise Malaysians in goal-based investing,” he said.

The current health-focused partners on the Savings Booster Programme were brought onboard via a collaboration with ACCESS Health International.

(Source:
Wahed
)

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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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Cara Memfailkan Cukai Pendapatan Individu Buat Kali Pertama

(
Baca artikel ini dalam
Bahasa Inggeris di sini
.
)

Di Malaysia, cukai pendapatan adalah wajib mengikut undang-undang. Cukai pendapatan yang dikenakan adalah berbeza mengikut jumlah pendapatan bercukai seseorang individu pada tahun tersebut. Jika anda baru memulakan pekerjaan, dan tidak tahu bagaimana untuk memfailkan cukai anda buat kali pertama, panduan dalam artikel ini akan membantu anda.

Sebelum kita pergi lebih lanjut, anda harus menentukan terlebih dahulu sama ada anda layak sebagai seorang pembayar cukai. Menurut Lembaga Hasil Dalam Negeri (LHDN), seseorang individu mesti mendaftar fail cukai jika mereka memperoleh pendapatan tahunan sekurang-kurangnya RM34,000 (selepas potongan KWSP).

Oleh itu, jika pendapatan penggajian tahunan anda mencecah RM34,000 atau lebih, anda perlu melakukan dua perkara: daftarkan diri anda sebagai pembayar cukai melalui LHDN, dan seterusnya daftar untuk
e-Filing
, iaitu platform yang disediakan oleh LHDN untuk pemfailan cukai pendapatan secara dalam talian. Berikut adalah infografik yang meringkaskan langkah-langkah yang perlu diambil semasa mendaftar cukai pendapatan di Malaysia buat kali pertama:

1. Gunakan e-Daftar untuk mendaftar sebagai pembayar cukai dengan LHDN

Untuk memulakan proses pendaftaran sebagai pembayar cukai, pergi ke
laman web MyTax
, yang kini berfungsi sebagai portal untuk segala perkara berkaitan cukai. Klik pada e-Daftar, yang kemudiannya akan membawa anda ke borang dalam talian. Isikan butiran yang diperlukan, dan anda akan dimaklumkan bahawa anda tidak mempunyai nombor cukai pendapatan (tentulah, anda belum lagi mendaftar sebagai pembayar cukai).

Klik pada pautan e-Daftar dalam kotak yang tertera, dan anda akan dibawa ke borang dalam talian yang sebenar supaya anda boleh mendaftarkan diri sebagai pembayar cukai dengan LHDN. Borang ini agak komprehensif kerana anda perlu mengisi butiran seperti maklumat tentang pasangan anda (jika berkenaan), wakil sah (seperti ibu bapa anda), dan majikan semasa anda.

Seperti yang boleh anda lihat dalam imej di bawah (disediakan oleh LHDN), terdapat sebanyak 10 bahagian yang perlu diisi:

Anda boleh simpan dan sambung pengisian maklumat anda pada masa yang lain jika anda tidak sempat menyelesaikannya dalam satu sesi. Apabila anda kembali ke halaman e-Daftar pada kali seterusnya, masukkan butiran anda sekali lagi, dan laman web tersebut akan membenarkan anda menyambung pendaftaran anda (sila klik pada “Kemas Kini Butiran” untuk membuat demikian).

Anda juga dikehendaki memuat naik salinan digital MyKad anda sebagai dokumen sokongan, jadi sediakannya terlebih dahulu untuk memudahkan urusan.

Selepas anda melengkapi borang pendaftaran, anda mungkin diluluskan serta-merta (dalam kes ini, anda akan terus mendapat nombor cukai pendapatan), atau anda akan menerima pengakuan penerimaan dan nombor permohonan anda (dan nombor cukai pendapatan anda akan dihantar melalui e-mel kepada anda dalam masa tiga hari bekerja). Anda juga boleh menyemak melalui e-Daftar atau hubungi LHDN untuk menyemak status permohonan anda.

Jika anda lebih suka melawat pejabat LHDN untuk mendaftar sebagai pembayar cukai, itu juga salah satu pilihan. Anda bolehlah pergi ke pejabat LHDN terdekat, dan dapatkan bantuan daripada kakitangan LHDN. Pastikan anda membawa bersama salinan IC serta slip gaji terkini atau borang EA anda.

2. Dapatkan PIN untuk pendaftaran
e-Filing

Setelah berdaftar sebagai pembayar cukai dengan fail cukai tersendiri, sudah tiba masanya untuk mendaftar untuk platform e-Filing. Pendaftaran untuk e-Filing perlu dilakukan kerana anda akan menggunakan platform ini untuk memfailkan penyata cukai anda dalam talian sebagai pembayar cukai rasmi. Untuk berbuat demikian, anda perlu dapatkan
sijil digital
 dan
PIN sekali guna
.

a) Mendapatkan sijil digital

Untuk memulakan proses ini, pulang ke laman web MyTax dan isikan nombor IC anda. Anda akan dimaklumkan bahawa “Sijil Digital anda tidak wujud”. Jangan panik kerana ini perkara normal! Walaupun anda sudah berdaftar sebagai pembayar cukai bersama LHDN, anda masih belum lagi mendaftarkan akaun MyTax anda, iaitu akses kepada portal
e-Filing
 (serta segala perkhidmatan berkenaan dengan cukai yang disediakan oleh LHDN).

Sebaik sahaja anda melihat makluman tersebut, anda akan diminta untuk memohon sijil digital, sama ada melalui borang dalam talian e-CP55D (untuk portal web MyTax) atau e-KYC (untuk aplikasi MyTax). Panduan kami di sini akan fokus kepada aplikasi e-CP55D kerana pembayar cukai lebih cenderung menggunakan kaedah ini.

Jika anda klik e-CP55D, anda akan diminta untuk mengesahkan alamat e-mel berdaftar anda dan butiran peribadi (nombor IC, nama penuh, dan alamat e-mel). Anda bolehlah membuat pembetulan jika perlu, dan kemudian hantarkan borang tersebut.

Setelah selesai, pautan pengaktifan akan dihantar ke e-mel anda. Anda mesti klik pautan tersebut untuk mengaktifkan sijil digital anda (pautan ini hanya sah selama dua hari, jadi cuba lakukannya secepat mungkin!).

b) Dapatkan PIN sekali guna anda…dan akses kepada MyTax & e-Filing!

Setelah anda klik pautan pengaktifan, anda akan dibawa kembali ke laman web MyTax. Isikan nombor IC anda; kali ini anda sepatutnya boleh log masuk, dengan
nombor PIN
 anda dipaparkan secara automatik. Isikan segala butiran yang diperlukan – termasuk mencipta
kata laluan dan frasa keselamatan
 anda untuk MyTax – kemudian klik “Hantar”.

Nota ringkas: semasa anda mencipta kata laluan dan frasa keselamatan anda, ingat bahawa amalan terbaik adalah untuk mengelak daripada menggunakan nama atau nombor IC anda. Anda digalakkan untuk mengguna gabungan aksara alfanumerik, serta huruf besar dan kecil, untuk mengukuhkan lagi kata laluan anda.

Setelah menghantar borang tersebut, anda akan kembali ke laman web MyTax sekali lagi, dan kali ini, apabila anda log masuk untuk kali ketiga, anda akan dapat log masuk ke laman MyTax anda. Lebih penting lagi, anda kini telah berjaya mendapat akses kepada perkhidmatan e-Filing!

3. Failkan cukai anda

Tahniah! Anda telah berjaya mendaftar sebagai pembayar cukai, mencipta akaun untuk
e-Filing
, dan melengkapkan prosedur log masuk buat kali pertama. Kini, tiba masanya untuk anda memfailkan cukai, dan (mudah-mudahan) mendapatkan bayaran balik cukai. Kami akan membantu anda sepanjang proses tersebut dengan
panduan untuk memfailkan cukai pendapatan
 anda di Malaysia pada tahun 2023 (tahun taksiran 2022). Dapatkan juga lebih banyak kandungan berkaitan cukai pendapatan dalam halaman
Cukai Pendapatan
 kami.

Nantikan lebih kandungan mengenai cukai pendapatan (dan banyak lagi) dalam Bahasa Malaysia daripada kami!

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Spread More Joy This Christmas With Maybankard

Exclusive Gifts and Seasonal Discounts

The nice people at Maybank have Christmas on their mind, so much so that they’re offering a bunch of gifts and discounts to committed Mall Rats out seasonal shopping.

Tying up with 1Utama, 1
st
 Avenue Penang, East Coast Mall & Suria Sabah Mahkota Parade and Plaza Merdeka, Maybank are giving away some great gifts when you spend RM300 on your Maybankard.  At Services Desks and Customer Service Counters they’ll be offloading Vouchers, Cake Stands, Kitchen Canisters, Candy Jars and Teapots.
Check out the full list of what you can redeem where.

Elsewhere in the Malls Maybank have arranged for discounts of up to 50% from a great range of shops, including: Baskin Robbins; Borders; Radio Shack; Celio; Forever 21; Tangs; and Red Box.
Take a look at the deals on offer.

The shopping season has only just begun – remember to bookmark RinggitPlus and come back for more great Credit Card Promotion news.

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How to Pick a Broadband Plan

Choosing a broadband plan that works for you is like searching for that one ripe, sufficiently sweet cherry from an entire plantation in just one try.

The reason this becomes a more consequential decision than it should be is due to the fixed period contracts that all broadband companies use to bond you for considerable lengths of time. This prompts one to closely pay attention to a long list of entailing details.

To avoid turning the contracted period into a dreadful time for you, we’ve listed a few things you would need to look for in the myriad of broadband plans out there to get your money’s worth!

Look For Double Whammy Perks

Most broadband companies in the Malaysian market have diversified internet provision by adding on various other services into your package.

Popular bundles include digital TV services along with your home phone and internet connection like HyppTV that have their own range of channels or TIME Fibre Home Broadband which packages Astro channels.

Other broadband bundles include Maxis Fibre Internet that provides pretty cool waivers and rebates on your phone bill, slashing considerable amounts off your monthly commitments.

Entertainment and physical perks aside, one on the prowl for the best broadband pick should sniff out cash rebates like zero upfront fees, free first months (depends on provider) of subscription and free installation, all of which are provided by
P1 Broadband
.

Chances are whatever perks entailing the internet service of your choice comes with a little price, therefore make sure these perks are thoroughly utilised. Don’t watch TV or use a landline phone? Then don’t pay more for these unless it’s given free! But if you do – think about the best deal to get all the services you need under one contract.

Seek Reviews on Internet Capacity and Speed

The most important thing you need from your internet is for it to have the speed and capacity to handle your usage. On paper, service providers can claim to offer up to XMbps but what you end up getting often differs. Read reviews from independent parties online as well as on user forums about the connection speed of a particular provider in your area.

You will also need to pay attention to the terms of your internet contract. Some services claim to have high speeds but state in the fine print that these speeds only apply at non-peak hours such as the middle of the night when hardly anyone is online! Don’t be duped – bring your magnifying glass to read the fine print!

Remember that downloading, uploading, playing games, and streaming all play a large part in contributing toward usage and ultimately affecting speed. Depending on what you use your internet for, you may or may not need such a high speed connection.

Gamers and those who download a lot of movies and music may need a higher speed connection but if you only use your internet for work, some surfing and email checking – you really don’t need to pay so much for a high speed connection.

Most broadband providers offer unlimited internet usage across the board but may have caps that may cause your internet speed to slow down.

Ensure your internet quota has a capacity that is well over your estimated usage and you get to avoid paying extra for internet boosts.

Cooling-off Period

A cooling-off period means an opportunity for consumers to try out the internet service and have the option of cancellation within a grace period or even have their money returned if the service is deemed unsatisfactory.

The tricky part about this offer is that it isn’t a contract staple for any one company. It usually springs up as a promotion to encourage more people to sign-up for a particular broadband service. The second difficulty is in actually proving that the service was ‘unsatisfactory’.

That said, if executed well, this promotion could certainly come in handy to test out the internet accessibility in your residential area!

Unfortunately, no promotions of this sort exist during time of writing, so keep your eyes and ears peeled out for any that catches your attention!

Additional Costs For Condos

Some condos/sohos are built on commercial land and attract commercial rates from service providers. This is often regardless of whether or not you are running a business on the premises. This is a really annoying clause that we hope both developers and service providers will look into but until then – you can safeguard yourself by asking the right questions before subscribing.

Take some time to visit the broadband provider’s branch with your full address and ask about the packages available and at what price. If they tell you only commercial rates apply – we suggest you leave as fast as you can!

Conclusion

All said and done, picking a broadband service or internet bundle that suits you can be quite the task because it involves a monthly commitment that should equate to quality service for your money’s worth.

More importantly apart from the methods mentioned above, one should always pick a broadband service that would benefit the individual or collective – it will be a shame if services were paid for but went to complete waste.

As much as it is difficult to pick one out (
we can help you if you’d like
) – it surely is one of the best inventions out there since sliced bread if you play it to your lifestyle and financial advantage!

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A Guide To The Private Retirement Scheme (PRS)

Malaysians cannot afford to retire with just their EPF savings alone. With retirement planning far down the list of priorities among youths, the EPF has consistently stated that a majority of Malaysians do not have enough money in their EPF accounts to last them for long. In
2014
 and again in
2017
, the EPF found that a staggering 68% of members aged 54 have less than RM50,000 in their EPF accounts, which the EPF estimates will only last them for 4.5 years! This has forced many to delay retirement or find alternate means of income well into old age.

To combat the lack of retirement savings, the
Private Retirement Scheme (PRS) was introduced in 2012
, and sought to encourage people to build their retirement income in another way beyond EPF. If you’ve been thinking of contributing, here’s what you need to know about PRS.

What is the Private Retirement Scheme (PRS)?

The PRS is a defined contribution pension scheme which allows people to voluntarily contribute into an investment vehicle for the purposes of building up their retirement fund. This is especially useful for those who wish to grow their retirement fund and invest but aren’t savvy in the area of investment.

However, don’t mistake this as a substitute for the EPF scheme. The PRS complements the EPF, offering individuals the ability to build another fund that they can tap into when they retire, rather than relying on EPF alone.

On top of that, having a voluntary scheme in addition to the EPF allows private company employees and self-employed persons to voluntarily diversify their contributions towards their retirement.

<a href=”
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EPF vs PRS

PRS is similar to the Employees Provident Fund (EPF) in that it is a retirement scheme. Like with EPF, PRS contributions are also divided 70:30 into two sub-accounts: Sub-Account A and Sub-Account B. Only upon reaching the retirement age of 55 years, or in the case of death or emigration, can withdrawals be made from the PRS account. Pre-retirement withdrawals can only be made from Sub-Account B, subject to an 8% tax penalty.

There are a few key differences between EPF and PRS. For starters, PRS is a voluntary contribution scheme where you can contribute as little or as much as you want. Secondly, PRS is privately run by financial institutions with no guaranteed returns, unlike the government-owned EPF which guarantees you a minimum dividend rate of 2.5% a year.

You also have to choose which of the listed PRS providers and their corresponding funds you want to contribute to. You can spread out your contributions between more than one fund. Each fund has a different level of risk and corresponding returns, so you’ll have to do a bit of market research before making your selection. Alternatively, you can be allocated to a default option based on your age group.

PRS Providers

PRS fund managers – collectively known as PRS providers – are
required to be approved by the Securities Commission
, and all PRS activities are administered by the
Private Pension Administrator Malaysia
 (PPA). The PPA is a body approved by the Securities Commission, and serves to protect PRS members’ interests and educate the public on PRS.

The
PRS providers
 approved by the Securities Commission you can choose from are:

AmInvestment Management Sdn Bhd

AIA Pension and Asset Management Sdn. Bhd

CIMB-Principal Asset Management Berhad

Affin Hwang Asset Management Berhad

Manulife Asset Management Services Berhad

Public Mutual Berhad

RHB Asset Management Berhad

Kenanga Investors Berhad

PRS Contributions

Unlike the EPF system, you’re free to invest any amount, whenever you please. That means there’s no pressure to allocate a part of your salary each month at a fixed rate. It largely depends on how much you are willing to invest. If you’re unsure of how much to contribute, the PPA site illustrates the amount of contribution you can make to reach particular goals.

Are PRS Investments Safe?

There is no such thing as risk-free investment. However, the PRS enables you to customise your investment choices based on your risk appetite but be aware that this will affect your expected return. Like other investments, PIDM does not cover PRS investments, and if the fund you invest in does not perform well…you could end up with less than what you saved initially.

Therefore, PRS providers are required by the Securities Commission to provide at least three “core” PRS funds, each with varying risk levels. Depending on your age or risk appetite, you can choose between Conservative, Moderate, and Growth funds.

If you’re interested in investing in more than one PRS Provider, you also have the freedom to choose more than one fund offered by the different PRS Providers. Finally, you are also allowed to switch funds within the PRS system at any time, or change to another PRS Provider once a year, subject to terms imposed by the PRS Provider. Do bear in mind that the first transfer is only permitted a year after your first contribution, but there are no fees imposed for switching funds.

To fully reap the benefits of PRS, it appears that some amount of market know-how will be beneficial as you will be able to actively decide which fund to contribute to and when. You will also be in a better position to know when to pull out of non-performing investments.

PRS Income Tax Relief

Besides being an additional retirement pot, the PRS is also income tax deductible. You will be able to deduct up to RM3,000 from your taxable income, which will count towards your final tax payable. Earnings generated by the PRS funds will also be exempted from tax charges.

PRS Withdrawals

Similar to the EPF system, contributions are divided into two sub-accounts, which are divided 70:30 in Sub-Account A and Sub-Account B respectively. You can only withdraw funds from your PRS account upon reaching retirement age (currently 60 years) or in the case of death or emigration. If you wish to make partial withdrawal for pre-retirement, withdrawals can only be made from Sub-Account B once a year. But you’ll be penalised with an 8% tax from the withdrawal amount.

How do I start contributing to a PRS fund?

To get started, you will need to set up a PPA account from the PPA website (note that there’s a one-time RM10 account opening fee). From there, you can contribute to any of the PRS funds of your choice via PRS Online on the PPA website. Of course, you can also do these at any PRS provider’s branch.

Can employers make voluntary PRS contributions for their employees?

Sure they can. In fact it works well for both employers and employees. Employers can invest in a PRS fund as a private pension for their employees together with recruitment benefit like Medical Insurance – a great way to attract loyal employees. On top of that, employers will also receive tax exemption for contributions for up to 19% of an employee’s base salary.

Should you start contributing to PRS?

The results of the recent
2018 Malaysian Financial Literacy Survey
 found that almost half of Malaysians aged 35 and above have not started saving for retirement – a troubling statistic that could very well lead these Malaysians to retiring with hardly any money in the bank.

PRS works as a complement to your compulsory EPF savings to ensure you will be better off when you reach retirement age – so now that you have a better idea of what PRS is and how it works, you can better decide if its benefits are what you need for your retirement.

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Affin Hwang Asset Management Berhad

AIA Pension and Asset Management Sdn. Bhd

AmInvestment Management Sdn Bhd

CIMB-Principal Asset Management Berhad

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Kenanga Investors Berhad

Manulife Asset Management Services Berhad

Personal Finance

Private Pension Administrator Malaysia (PPA)

Private Retirement Scheme

PRS

Public Mutual Berhad RHB Asset Management Berhad

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Denise Chan

Denise Chan

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    Tiong Ing Hee

    3 years ago

prs can withdrawn at age 55 or 60 yrs

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