Malaysia Personal Income Tax Guide 2023 (YA 2022)

It’s income tax season in Malaysia once again, and we’re back with our annual guide to help taxpayers through the process of filing their taxes (which can, admittedly, be a painstaking process).

So how ready are you for this exercise exactly? Have you obtained your EA form(s), and determined your income tax rate? What about calculating your tax reliefs and refunds, along with collecting the necessary receipts? For that matter, what are the tax reliefs that you can claim?

If you’re worried, we’ve got you covered! Here’s our complete guide to filing your income taxes in Malaysia for the year of assessment (YA) 2022.

Do You Need To Pay Income Tax?

(Image: Bloomberg)

Anyone earning more than RM34,000 per annum (about RM2,833.33 per month) after EPF deductions will need to register as a taxpayer with a tax file.

Income tax does not merely cover your monthly salary, but all types of income, including income from your business or profession, employment, dividends, interest, discounts, rent, royalties, premiums, pensions, annuities, and others. For salaried employees, you’ll also need to include earnings such as bonuses, overtime, commissions, and
all other taxable income
.
Freelancers and part-timers
, too, are not exempted from registering and filing their taxes.

Meanwhile, individuals who are earning income from outside of Malaysia (foreign-sourced income) are
exempted from paying taxes
 – provided you are already being taxed in the country of origin.

If you’re not sure what counts as income that must be declared for tax purposes, we’ve elaborated more on this in a later sub-section of this guide (“How To File Income Tax In Malaysia” >> “Declare Your Income”), so hang tight!

How Much To Pay: Tax Rates & Chargeable Income (YA 2022)

Here’s the income tax rates that individual taxpayers are charged for YA 2022 based on their chargeable income:

Chargeable Income (RM)
Calculations (RM)
Rate %
Tax (RM)
0 – 5,000
On the first 5,000
0
0
5,001 – 20,000
On the first 5,000
Next 15,000

1
0
150
20,001 – 35,000
On the first 20,000
Next 15,000

3
150
450
35,001 – 50,000
On the first 35,000
Next 15,000

8
600
1,200
50,001 – 70,000
On the first 50,000
Next 20,000

13
1,800
2,600
70,001 – 100,000
On the first 70,000
Next 30,000

21
4,400
6,300
100,001 – 250,000
On the first 100,000
Next 150,000
24
10,700
36,000
250,001 – 400,000
On the first 250,000 Next 150,000

24.5
46,700
36,750
400,001 – 600,000
On the first 400,000
Next 200,000

25
83,450
50,000
600,001 – 1,000,000
On the first 600,000
Next 400,000

26
133,450
104,000
1,000,001 – 2,000,000
On the first 1,000,000
Next 1,000,000

28
237,450
280,000
Exceeding 2,000,000
On the first 2,000,000
Every next ringgit

30
517,450
………..

To determine your tax rate from this table, you must first calculate your chargeable income – which is defined as your taxable income minus any tax deductions and tax reliefs. As you can see, the tax rate you are charged with increases as your chargeable income does. The more you reduce your chargeable income (
through tax reliefs and such
), the lesser your final tax amount will be.

As an example, let’s say your chargeable income is RM48,000. Based on this amount, your tax rate is 8%, and the total income tax that you must pay amounts to RM1,640 (RM600 + RM1,040). However, if you claimed RM13,500 in tax deductions and tax reliefs, your chargeable income will be reduced to RM34,500. This enables you to drop down a tax bracket, lower your tax rate to 3%, and reduce the amount of taxes you are required to pay from RM1,640 to RM585. That’s a difference of RM1,055 in taxes!

Income Taxes For Foreigners (Residents & Non-Residents)

(Image: NSTP/ Hafiz Sohaimi)

What about foreigners or expatriates who work and earn income in Malaysia – do they need to pay income tax too? In short, yes.

Any foreigner who has been working in Malaysia for more than 182 days (considered as residents) are eligible to be taxed under normal Malaysian income tax laws and rates, just like Malaysian nationals.

Meanwhile, those who stay in Malaysia for less than 182 days and are employed for at least 60 days (referred to as non-residents) are subjected to a flat rate based on their types of income:

Types of income
Rate (%)
– Business, trade, or profession
– Employment
– Dividends
– Rent
30
– Public entertainer
– Interest
15
– Royalty
– Payments for services in connection with the use of property or installation, operation of any plant or machinery purchased from a non-resident
– Payments for technical advice, assistance, or services rendered in connection with technical management or administration of any scientific, industrial, or commercial undertaking, venture, project, or scheme
– Rent or other payments for the use of any movable property
10

LHDN
 also clarified that foreigners will not be taxed if they are:

Employed in Malaysia for less than 60 days

Employed onboard a Malaysian ship

5 years of age, and receiving pension from a Malaysian employment

Receiving interest from banks

Receiving tax exempt dividends

How To File Income Tax In Malaysia

Now, let’s get into the main part of this guide! To start, the type of income that you earn will determine the type of income tax form that you should be filing. For instance, resident individuals who do not carry on a business will file the BE form, whereas resident individuals who do carry on a business will file the B form. Non-residents (foreigners), on the other hand, will file the M form. There are some further classifications to this, but we’ll highlight this again under the “Accessing e-Filing and your ITRF” sub-section below.

The deadline for filing income tax in Malaysia also varies according to what type of form you’re filling. For those filling in the BE form (resident individuals who do not carry on a business), the deadline falls on either 30 April 2023 (manual filing) or 15 May 2023 (e-Filing). As for those filling in the B form (resident individuals who carry on business), the deadline is on 30 June (manual filing) or 15 July (e-Filing).

Moving on, we’ll take you through the full process of filing your taxes.

1) Registering as a first-time taxpayer on e-Daftar

If this is your first time filing taxes online, there are two things that you must have before you can start:

Your income tax number (to indicate that you are a registered taxpayer)

One-time PIN to register for e-Filing (the online service to submit your income tax return form (ITRF))

To get your income tax number, you’ll need to first register as a taxpayer on e-Daftar (which you can access on
LHDN’s one-stop portal, MyTax
). After that, you can obtain your PIN for e-Filing online or by visiting a LHDN branch. For more information on how to register as a first-time taxpayer, head on over to our
comprehensive guide here
!

Meanwhile, here’s an infographic to briefly summarise the process for your quick understanding:

2) Accessing e-Filing and your ITRF

Existing taxpayers, on the other hand, can go straight to the
MyTax website
 to access e-Filing and start filling up their income tax return form (ITRF). Just a note, taxpayers used to be able to access e-Filing directly through the ezHASiL website, but this is no longer possible. The URL for ezHASiL will only redirect you back to MyTax; this is following LHDN’s efforts in turning MyTax into a one-stop portal for all tax-related matters.

Aside from that, remember that you can choose to view the e-Filing webpage, your ITRF, and in fact the entire MyTax website in either English or Bahasa Malaysia. Just select the language of your choice at the top of the screen. You can also choose to either view the website in light or dark mode.

Upon logging into your MyTax account, you will be taken to your dashboard, which displays information such as your tax balance and refund amount. Hover your cursor on “ezHasil Services” on the left hand, and you’ll see a dropdown list. Click on e-Filing, and you’ll be brought to the right page.

From there, existing taxpayers can then click on “e-BE Year of Assessment 2022” (or whichever form that you have used in previous years) to quickly access your ITRF. However, if you do not have the quick link, or need to choose a new form (your source of income has changed), then click on “e-Form” instead.

As you choose your ITRF, make sure to select the right type based on the category of income that you fall under:

Income tax form (ITRF)
Category
e-B/e-BT
For residents earning income from business/knowledge or expert worker
e-BE
For residents earning income without a business
e-M/e-MT
For non-resident individuals/knowledge workers

You can also find the full list of other types of forms (including for partnerships, associations, and deceased persons’ estate) on the
LHDN website here
.

As you choose the right form, make sure that you also select the right year of assessment: YA 2022 (remember, you are declaring your income earned for the previous year).

3) Filling up your ITRF

With all that cleared up, let’s get right down to the business of filling out your form! Here’s a breakdown of what the BE form (for residents earning income without a business) will look like:

i) Particulars of individual

This section requires you to fill in your basic personal details. Some of the items will have already been filled out for you based on the information that you provided when registering as a first-time taxpayer, but it’s good practice to always double check for accuracy. You should also make sure that you select the
right type of assessment
, which determines whether you will be filing as a single person or filing together or separately with your spouse.

Some of you may also have noticed that the prefix of your tax identification number (TIN) has changed; don’t worry! This is due to LHDN’s decision to implement a
new prefix for individual taxpayers
, changing it from SG (individuals with non-business income source) and OG (individuals with business income source) to IG. This is so that LHDN can better facilitate the management of taxpayers and to avoid confusion among individual taxpayers.

More importantly, this update will
not alter taxpayers’ existing individual income tax number
, so you can just go ahead and file your IRTF as usual.

ii) Other particulars

This is a continuation of the previous section that relates to your individual particulars. Make sure to get your
handphone number
 down correctly as LHDN will send you a TAC when you sign and submit your e-form. Your
bank account number
 must also be accurate if you want to get your tax refund. Additionally, you now have the option to choose DuitNow as your preferred method for tax refunds; just be sure to select “Payment via DuitNow” under “Method of payment for tax refund”, and then fill in the required DuitNow information.

If you’ve changed employers in the previous year, make sure to change the
Employer’s Number
to reflect this update. Additionally, if your job comes with the benefit of having your income tax being paid by your employer (i.e. tax allowance is part of your gross income from your employment), then don’t forget to tick “yes” under “Tax borne by employer”.

Besides that, the
disposal of asset under the Real Property Gains Tax Act 1976
 will be relevant to you if you sold any property in the last year.

You will also find the section for
Incentive Claims
 under paragraph 127(3)(b) and subsection 127(3A) here, which relate to specific exemptions made under gazette orders and exemptions given by the Minister of Finance, respectively. You can leave this section blank if this does not relate to you.

iii) Declare your income

Under
statutory income
, fill out all the money that you’ve earned from employment, rents, and other sources in the respective boxes. This is where your EA form comes into play as it states your annual income earned from your employer.

That said, for some individuals, the annual income stated on the EA form may not necessarily be the final figure for the statutory income from employment. This is because you are also required to declare any non-salary related benefits that can count as “income from employment” – which means they must also be added to your income figure. These include income from rents, interest, discounts, royalties, premiums, pensions, annuities, periodical payments, as well as payments received for part-time and occasional jobs (broadcasting, lecturing, writing, and so on).

Additionally, remember to exclude any income that is entitled to tax exemptions on your form. For example, perquisites (which cover things like parking, medical, and transport allowance) and benefits-in-kind (such as cars, personal drivers, accommodation, and so on) are taxable under law, but the government has provided some tax exemptions for them.

If you lost your job in the previous year, your
severance package
, too, may be exempted from tax under certain conditions. And if you want to find the answer to whether or not your RM100 monthly travel allowance is tax exempt, check out our article on
tax exemptions
.

After filling in all the information required, the form will automatically total it up to show you your
aggregate income
 (total income that you earned). Following that, it’s time to calculate the
tax deductions
 that you may be eligible for, so that you can reduce your aggregate income. For example, if you’ve
made a contribution of gifts or donations
 to the government or a registered organisation, then you can make a tax deduction from your aggregate income. Upon making these deductions, you’ll then have your
total income
.

At the bottom of this section, you’ll also have to key in the total
monthly tax deductions

(MTD)
 paid during your year of assessment, which you can find on your EA form. MTD – also known as Potongan Cukai Bulanan (PCB) – is the compulsory mechanism where employers deduct monthly tax payments from a taxable employee’s salary.

In addition to these, you’ll also find several other particulars within this page, such as a section on non-employment income of preceding years not declared, approved investment under angel investor tax incentive, and self-instalments. There is also a new section where you are required to declare income from other sources outside of Malaysia (received between 1 January to 30 June 2022). You are only required to fill these in if they are relevant to you.

iv) Claim for tax reliefs and tax rebates

We’ve already highlighted earlier that
tax relief
 can help to reduce your chargeable income (and therefore your tax rate and tax amount), so understandably, this is every taxpayer’s key focus! We have a
dedicated post here to explain all the tax reliefs that you can claim for YA 2022
, but if you want a quick summary instead, you can refer to our infographic below:

Once you’ve claimed all your tax reliefs, you’ll arrive at your chargeable income and find out the tax rate that is applicable to you. You’ll also see the amount of tax that you need to pay. But before you go further, there’s one final component that allows you to reduce this amount of tax payable:
tax rebates
.

As you can see in the infographic above, you will be eligible for a tax rebate of RM400 for yourself if your chargeable income does not exceed RM35,000.
Zakat
 and
fitrah
, too, can be claimed as tax rebates for the actual amount expended up until the total tax amount.

So to illustrate, let’s say your employment income is RM50,000 for YA 2022, and you have claimed RM15,000 in tax relief. That brings your chargeable income down to RM35,000 – which means the amount of tax you must pay is RM600. As your chargeable income is borderline RM35,000, you will not be eligible for the RM400 tax rebate provided for individuals who earn less than RM35,000. However, if you did contribute RM400 on zakat in the last year, then you can deduct that as tax rebate. Ultimately, you will end up with a final tax amount of RM200 to pay.

v) Check your summary

Arriving at your summary page means you’re almost done! On this page, you should see the final tax amount displayed. Don’t worry if your tax amount is in the negative as this is due to what you have already paid through MTD (it means you will get a tax refund from the government).

At this stage, you can still go back through the form to amend any details that you may have missed out on, and the changes will be reflected on the final tax amount automatically. Once you’re confident that your form is error-free, click “Next”.

On the declaration page, request a TAC via the number that you’ve registered with LHDN and key it in. Then, click the “Sign and Submit” button, and enter your identification number and password in the pop-up (you must
allow pop-ups
on your browser for this!), and press the sign button.

And with that, your taxes for YA 2022 are filed! One final thing to do before you exit the website, though: remember to save and print the acknowledgement and e-BE form for record purposes, and keep them together with your collected receipts! These receipts must be kept for a minimum of seven years in case LHDN wishes to clarify matters with you.

Amending Your Income Tax Form

We’re sure you’d be as thorough as you can when filing your taxes, but sometimes mistakes happen! No need to panic because it is possible to submit an appeal for amendments on or before 30 April 2023. Just take the following steps:

Print your e-form and make corrections in the wrong spaces (you will also need to leave your signature or initial these corrections to verify them)

Manually calculate your taxes up to the “Tax Paid” level

Send the amended e-form to the LHDN branch that is handling your tax file, along with a letter of appeal that explains the changes

Remember to also attach all the supporting documents required (e.g. receipts, invoices, and others)

In the event of any balance due, the balance shall be paid on/before 30 April 2023

Alternatively, you can also submit these documents through the LHDN Customer Feedback Portal, if it is more convenient. Note that LHDN will go through each error appeal as part of the audit process, and the time taken for the amendment will depend on the information and documents submitted.

You can actually also make online amendments via e-Filing, but only for two specific circumstances (over-declaration of income and underclaimed tax relief or rebates). Additionally, you must have submitted your BE form before the submission deadline to use this method.

To access this service, head on over to your MyTax dashboard, click on e-Filing, followed by “e-Application for Amended BE”. Fill in the form and submit it. This function can be accessed starting from 1 April 2023.

Meanwhile, if you need to amend your ITRF after 30 April, you’re allowed to submit an Amended Return Form (ARF) within six months from the ITRF submission deadline. Your ARF must be submitted to the branch that handles your income tax file, and only taxpayers who have submitted their ITRF on time the first round is allowed to submit an ARF. Again, this amendment method is only permitted for the following mistakes:

Under declared or undeclared income

Overclaimed expenses or other claims

Overclaimed capital allowances, incentives, and reliefs

Paying Your Income Tax

With your taxes filed and your final tax amount determined, you will find yourself in either one of two situations.

1) You may receive a tax refund

For those subject to MTD/PCB, your tax reliefs and rebates have helped you to reduce your final tax amount to the point where it is less than the total MTD paid throughout the year. In such cases, you’re then eligible for a tax refund. It will be automatically credited to the bank account that you’ve provided in your tax form within 30 working days after submission.

2) You need to pay taxes

On the other hand, if you find after the filing that you still owe more taxes, you’ll have to pay them before the due date. There are a few ways that you can use to
pay your income taxes in Malaysia
:

Method
Details
Online banking via FPX (either using tax identification number (TIN) or a bill number)
Requires a bank account with Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, Bank Simpanan Nasional, CIMB Bank, Deutsche Bank, Hong Leong Bank, HSBC Bank, Kuwait Finance House Malaysia, Maybank, OCBC Bank, Public Bank, RHB Bank, Standard Chartered Bank, or UOB Bank
Credit cards via ByrHASiL*
Visa, Mastercard, American Express (AMEX) accepted
Pos Malaysia (over the counter)
Cash only
Automated teller machines (ATM)
Only at CIMB Bank, RHB Bank Maybank, and Public Bank
Cash deposit machines (CDM)
Only at Maybank
 *
temporarily unavailable from 1 October 2022 until a date to be notified later.

As we’ve highlighted, credit card payments are currently not available until a date to be notified later, but if it were, do note that almost all banks do not provide benefits for government-related spending. Therefore, it is unlikely that you will be able to earn cashback or rewards points for tax payments. However, some cards do include government spend as part of your monthly or annual spend requirements that go towards unlocking higher cashback tiers or annual fee waivers.

Another thing to also be aware of this year is the
mandatory use of bill numbers as the reference for your tax payments
. If you’ve made tax payments before, you’ll know that you’re supposed to use your tax identification number (TIN) as the reference for your transactions. As of 1 January 2023, however, LHDN has made it mandatory for you to use bill numbers as your transaction reference instead (although there is a transition period until 30 June 2023 where taxpayers can still use their TIN as reference).

Briefly, the bill number is a 16-digit number that is used to help LHDN better track your tax payments, and it is applicable to all types of tax payments, except for MTD/PCB and stamp duties. To get your bill number, go to your MyTax dashboard once again, and click on “e-Billing” under “ezHasil Services”.

There will be another dropdown list; select “View Taxpayer Bill” and you’ll access all the necessary information regarding your tax payment. In addition to your bill number, you can also see how much tax you need to pay, as well as immediately
proceed to pay via FPX on ByrHASiL (with bill number)
 too. Simply click on “View Bill”, and follow the prompts shown on the website as you go along.

Alternatively, you can also get your bill number by clicking on the “View Bill Number” button on the top right corner of your MyTax dashboard. It will also lead you to the same page.

Note that you’re also required to generate your bill number via e-Billing on MyTax if you file your taxes manually; in this case, you’ll need to click on “Generate Bill” under “e-Billing” instead of “View Taxpayer Bill”. Meanwhile, if you’re residing abroad and need to pay your taxes, you’ll need to use a separate
Electronic Telegraphic Transfer (e-TT) service
 to generate an additional virtual account (VA) number, on top of the bill number.

Late Income Tax Payments

A penalty of 10% will be imposed on the balance of tax unpaid after the deadline (30 April or 15 May). If you disagree with the late payment penalty, however, you can forward an appeal in writing to the Collection Unit of LHDN within 30 days of being issued a Notice of Increased Assessment. However, the penalty imposed has to be settled first regardless of any appeal; if you’re successful, LHDN will refund the relevant amount at a later date.

Appealing Your Income Tax Notice Of Assessment

After you file your taxes, LHDN may serve you a notice of assessment, which is essentially a written statement by LHDN that states your taxable income, amount of tax due, and so on.

If you disagree with any of the info printed – perhaps due to a discrepancy in tax reliefs or other errors – you can file an income tax appeal. The appeal must be made within 30 days from the date of notice in writing to the LHDN branch that issued the assessment.

To do so, fill in the Q form and write a letter to identify the discrepancies you see. Understandably, you’ll also need to submit supporting documents for any expenses, deductions, or reliefs tat are relevant. The appeal will be forwarded to the Special Commissioners of Income Tax.

However, if you miss the deadline to file an appeal (with a valid reason), then you’ll need the N form instead. Both the Q and N forms are available at the LHDN office, or can be
downloaded from the LHDN website
.

When To Stop Filing Taxes?

You are allowed to stop paying taxes only when you have permanently closed their tax files – permitted under the following circumstances:

A retiree with no taxable income

An individual who is leaving Malaysia for good

An individual aged 55 years and above, with no taxable income

So let’s say you’re a retiree who’s still occasionally taking up some freelance jobs (with income not exceeding RM34,000 per annum), or a 45-year-old individual with no taxable income. In both situations, you’re still required to continue filing your taxes.

To clarify, filing your taxes is essentially a matter of accountability where you declare what you have earned in the previous year. It does not necessarily translate to having to pay taxes; you only pay taxes if your chargeable income requires you to.

Meanwhile, those who are eligible to close their tax files permanently and would like to do so can send an official notification or letter to the LHDN branch where their tax file is handled. You must also ensure that there is no outstanding amount that needs to be paid, or a pending refund status before submitting your application.

***

As always, we wish you luck as you file your taxes, and hope that our annual guide will help to clarify most of your questions or confusions. If you need further assistance, we also have a series of articles that address various other aspects of tax filing:

Everything You Should Claim As Income Tax Relief Malaysia 2023 (YA 2022)

How To File Your Taxes For The First Time

How To Check If Your Hotel Stay Is Eligible For The Tourism Tax Relief

Confirmed: Special Lifestyle Tax Relief Is Stackable For Smartphone, Personal Computer, & Tablet Purchases

MyTax: One-Stop Portal To Make Tax Filing More Convenient

How To Claim Income Tax Reliefs For Your Insurance Premiums

Income Tax Malaysia: Quick Guide To Tax Deductions For Donations And Gifts

Understanding Income Tax Reliefs, Rebates, Deductions, And Exemptions In Malaysia

How To File Your Taxes As A Freelancer

How To File Income Tax For Your Side Business

How To File Your Taxes If You Changed Or Lost Your Job Last Year

How To Pay Income Tax In Malaysia

Income Tax Glossary

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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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    Margie Ong

    5 months ago

Thank you for the guide.  Its easy to follow and answers all my queries.  Kudos

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    Anonymous

    4 months ago

Excellent summary write up

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    Anonymous

    2 months ago

Great Guide, super beneficial, thanks

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This Japanese Hotel Room Costs Just RM4 Per Night, So What’s The Catch?

Hotel rooms in Japan do not come cheap, so bargain rates are always appreciated. But sometimes, some come with a catch, especially when it is too good to be true.

Such is the case with Asahi Ryokan, located in Fukuoka. With rates that are nearly next to nothing at JP¥100 (approximately RM3.84) per night for its Room No.8, the room is even cheaper than a can of Coca Cola (350 ml) in Japan, which usually costs about JP¥120!

The catch? There’s an extraordinary condition guests must agree to: their entire stay in the room will be live streamed from a pre-installed camera, which can be viewed from anyone around the world on the
One Dollar Hotel YouTube channel
.

That said, a certain measure of privacy
is
 accorded to the guests. The feed is video-only although guests can activate its microphone if they want, and the bathroom area is out of camera range as it is a shared facility. Guests are also permitted to turn the lights off when they sleep.

The hotel also takes precautions by warning their visitors to shield confidential details (e.g. passport and credit card numbers) from the camera. Additionally, “lewd acts” are not permitted within the room.

Room No.8 has another catch. While the room is well maintained with amenities typical of a Japanese-style ryokan, it relies on a coin-operated heater/air-conditioning unit, which costs an additional JP¥100 to run for every two hours. This means you will likely spend more on this than the room itself.

Tetsuya Inoue, who began managing the 30-year-old hotel since last year, is the brains behind this quirky approach.

“This is a very old ryokan and I was looking into a new business model,” said Inoue, the grandson of Asahi Ryokan’s founder. He added that Room No.8 is the least-booked room in the hotel, and he wanted to find a way to resolve the situation. Inoue was ultimately inspired by a British YouTuber who live-streamed his stay there – perhaps the younger generation’s openness to sharing their lives online could make the whole thing work?

Naturally, Room No.8 isn’t expected to generate revenue through traditional room rental. Instead, the ads on the YouTube live stream could lead to a new, steady stream of revenue. At the time of writing, Inoue’s YouTube channel has already earned a total of 12,000 subscribers.

On days when the room is unoccupied, Inoue turns the camera to himself working in his office or interacting with his subscribers.

(Source:
CNN
,
SoraNews24
,
One Dollar Hotel
)

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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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The Government Is Offering RM200 Rebate On Energy Efficient Appliances - Claim It Now On Shopee

The SAVE 2.0 programme, which allows Malaysians to claim RM200 vouchers to use on purchases of energy-efficient air conditioners and fridges, is now open for registration. First announced during the tabling of
Budget 2021
, the programme is an initiative by the Sustainable Energy Development Authority (SEDA) in collaboration with e-commerce platform Shopee.

Find out more about the SAVE 2.0 programme and how to claim your RM200 voucher here.

What is SAVE 2.0?

SAVE 2.0 is a programme that offers a RM200 e-rebate to domestic households that purchase energy-efficient air conditioners or refrigerators. An electrical appliance is considered energy-efficient if it has a 4 or 5 star rating by the Energy Commission.

The programme is aimed at increasing public awareness on buying energy efficient products that will save electricity and to increase the number of energy efficient appliances in the market. SAVE 2.0 was given an allocation of RM30 million under Budget 2021 and is expected to benefit 140,000 households.

Who is eligible for SAVE 2.0?

You are eligible for SAVE 2.0 if you are a Malaysian citizen and account holder/user of a registered domestic account with an electricity utility company such as Tenaga Nasional Berhad (TNB), Sabah Electricity Sdn Bhd (SESB), or Sarawak Energy Berhad (SEB).

The e-rebate can be used for the purchase of an air conditioner or refrigerator with a 4 or 5 star energy efficient rating in the year of 2021. Each billed account is eligible for one e-rebate and the vouchers are given out on a first-come, first-served basis.

The overall quota for the e-rebates will be divided between Peninsular Malaysia, Sabah, and Sarawak to balance out the number of consumers in urban and rural areas.

How to claim the RM200 e-rebate

You will need to register via the Shopee app in order to redeem the RM200 voucher – so if you don’t already have the Shopee app, you will need to download it via
Google Play
 or the
App Store
. Click “Register Now” on the
Shopee announcement page
 or scan the QR code below to access a simple registration form in the app.

The form requires you to provide your electricity bill number, Malaysian IC number, full name, and your status or relationship to the accountholder if the account is not listed under your name. After that, you’re officially registered and you will be informed of the status of your application within 14 days. Once your application is approved, the RM200 voucher will be credited to your Shopee Wallet.

If you encounter any difficulties during the registration process, you can contact SEDA Malaysia at +603-8870 5800.

(Source:
Shopee
)

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About THE AUTHOR

Jacie Tan

Jacie Tan

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    Liew Tan khoon

    5 months ago

How to claim, pls advice ..

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    MOHAMAD HANIF AIMAN BIN ANTHONY

    3 months ago

very nice

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Maybank: More Than 99% Of Applications For Repayment Assistance Approved

(Image: The Star)

Maybank said that it has approved more than 99% of the applications for repayment assistance which have been processed as of 15 October. These applications comprise both individuals and SME customers who require additional financial support after the expiry of the blanket loan moratorium on 30 September.

According to the bank, about 38% of the approved applications have been granted an extended moratorium on the repayment of their loans and financing. Extended moratorium is one of the several repayment assistance packages that have been offered to banking customers, and it is specifically provided for those who lost their jobs due to the Covid-19 pandemic. Other repayment assistance packages that are available include the reduction of loan or financing repayment amounts for those with reduced income.

(Image: The Star)

Meanwhile, Maybank’s group chief executive officer of community financial services Datuk John Chong noted that the bank has processed approximately 81,000 applications from both individual and SME customers. He added that the bank is still in the midst of processing additional applications as there was a last-minute rush of customers who submitted their applications after 1 October.

“Maybank is ever ready to continue supporting our customers and those who need assistance can still contact us to discuss repayment packages to suit their current financial needs,” said Chong, adding that more than 85% of Maybank’s retail customers have resumed servicing their loans as usual from 1 October.

(Image: The Edge Markets)

Chong further commented that aside from
repayment assistance packages
, Maybank also offers financing solutions for its diverse segments of customers, including SMEs and micro-SMEs. One example is the
SME Digital Financing solution
, which provides approval within 10 minutes and a complete end-to-end digital experience, thus eliminating the need for branch visits.

(Source:
The Star
)

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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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Working From Home: A Dream Job or Just a Dream?

Imagine this: Waking up every weekday at 10am, chilling in your pyjamas and slippers, sipping a cup of hot coffee, sitting down in front of your laptop and doing… work?

The scenario above might be a dream come true for some but it is not necessarily the case for all. Sure, working from home has its pros but keep in mind, every rose has its thorns.

We’ve identified the pros and cons of working from home so read on to find out whether it will fit you or if its just too good to be true!

1. A Difference in Overheads

Do you have less overheads when working from home or will the opposite be true?

Pro: Save Money and Time on Commute

Travelling to work can be tiring and cost a lot more than you notice. By working from home, you are able to save money on commute, no more getting late in to work and think of the CO² emissions you will save the earth from too!

This might be the best reason to work from home, as you do not have to get in the car and face the crazy rush hour traffic getting to and fro from work. But it’s not all lollipops and puppies.

Con: More Spending on Your Household Bills

Now if you are going to spend lots of time at home, watch as your electricity bills pile up substantially.

What’s more, you would also need to make sure that you have the best internet and phone plan to cater to your home office.

For regular workers, your office is footing the bill for the day long air-conditioning and super fast internet connection. In your home office; you are!

2. Attractive Time Keeping?

The thing we trade most obviously in jobs are the hours we barter for a pay. What will you be trading in a home office environment?

Pro: Flexible Working Hours

There is a lot of flexibility that comes with working from home. You can work leisurely at your own pace and simultaneously accommodate other tasks that needs to be accomplished.

How many times have you hated wasting your leave because many home errands needed to be done ‘during office hours’? No such problem here.

Con: Blurring the Work and Personal Lines

The biggest challenge of working from your home is blurring the lines between work and personal. When you are working at home, there is a high possibility that your work will spill into personal time and you end up overworking yourself till the wee hours of the morning.

When you work from home; there’s no official cut-off point. You’re on call all the time; every time.

3. Spending on Working Needs

Going to work means playing by someone else’s rules and dresscode. But avoiding the cost of a suit may be a case of penny wise pound foolish!

Pro: Less Money on Work Outfits

Since you won’t be in an office setting, you won’t need to spend so much on work clothes. Not only that, you will also save on professionally cleaning and ironing them.

Heck, as we said in the opening sentence – pyjamas all the way!

Con: More Spending on Home Office Needs

You might find it uncomfortable to be working from a dining chair and staring at your small laptop screen day in and out. So you might be tempted to splurge on a cutting edge home office which includes ergonomic chairs, big screen computers and other equipment a home office might need.

You will also need to purchase or rent important equipment such as printers, photocopiers and fax machines – all of which cost more money to maintain than a G2000 wardrobe!

4. Location, Location, Location

Where you work often means just as much as having the right boss, colleagues and job description.

Pro: Work From the Comfort of Your Home

Working at home can be very comfortable because you are free to wear anything you want and have everything at your disposable without bothering anyone else.

Also a perk, no longer are you bothered by loud colleagues or the sound of other people working. The only one making the noise would be you.

Con: Home Can Be the Ultimate Distraction

Working from home can create new tensions between the unfinished household tasks and the professional work at hand.

You might find it difficult to concentrate on work when piles of laundry and dirty dishes are just waiting in the next room.

Even worse, the likelihood of you doing something else when you should be doing work is equally high. Since there is no pressure to start work at a certain time or dress a certain way it is easy to delay the start of work.

Who can work anyway with marathons of Game of Thrones going on or a comfy bed calling you?

5. People Matter

It is often said that people don’t leave jobs; they leave bosses. Can you really be a better boss than any other?

Pro: No One to Order You Around

This is great especially if your dream is to be your own boss. You don’t have to take orders from someone else or be chastised when things don’t go right.

You are free to figure out solutions on your own, and are self-motivated and self-disciplined enough to focus on your tasks without a boss in vicinity.

Con: Lack of Social Support

While working alone at home might be comfortable, it can also get lonely and difficult doing everything by yourself. Having other people working with you can be a powerful motivator.

Psychologically, the office fills a social need for connecting with other people. Professional colleagues can grow to become good friends who share your work successes and support you when you need it most. A good boss provides encouragement, support and problem-solving capabilities; can you do the same for yourself?

Choosing to work from home largely depends on your personality. Only you know whether you are disciplined enough to succeed at it. Recognising the right professional environment for you can be a great blessing both for your professional and personal life.

If you’re ready to take on the role of home worker and own boss; you might need a business loan – we’ve got a few options in our
personal loan calculator page
 that could be the push you need to achieve your entrepreneurial dreams!

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Ilyah Jamalludin

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Minister: About One Million Borrowers Owe PTPTN RM9 Billion In Study Loans

(Image: Malay Mail)

Higher Education Minister Datuk Seri Dr Noraini Ahmad revealed that approximately one million borrowers still owe the National Higher Education Fund Corporation (PTPTN) a cumulative total of RM9 billion in study loans.

Of this number, Datuk Seri Noraini explained that about 500,000 borrowers have not made any payments at all, whereas approximately 700,000 individuals have been inconsistent in meeting their obligations. Meanwhile, another 400,000 have been prompt with their repayments, and 800,000 have settled their loans fully.

“As at September, about 2.4 million borrowers had completed their studies and PTPTN should have started to receive about RM24.6 billion of the loan repayments. The corporation has managed to collect RM15.5 billion loan repayments so far,” Datuk Seri Noraini further commented, reiterating that the government has introduced some incentives to encourage borrowers in their loan repayments and to ease PTPTN’s financial burden.

(Image: The Star)

Chief of such incentives is the
reintroduction of PTPTN repayment discounts
 under Budget 2022, which offer a tiered rebate of between 10% to 15% for borrowers who repay their PTPTN loans. Specifically, those who make repayments via scheduled salary deduction or direct debit will be entitled to a 10% discount, whereas borrowers who repay at least 50% of their remaining debt in a one-off payment will enjoy a 12% discount. Finally, those who fully settle their loan can tap into the full 15% rebate.

Aside from this upcoming incentive, Datuk Seri Noraini also highlighted the
PTPTN Anak Sarawak repayment incentive
 that was previously introduced by the Sarawak state government to help its PTPTN borrowers. Through this programme, the state government offered to settle 30% of an individual’s study loan if he or she also repays 30% of it.

“Through the Sarawak government’s proactive move, 30% of the amount still owing has been deducted and this has helped ease the burden on borrowers and encouraged them to repay their loans,” said Datuk Seri Noraini, adding that Sarawak is the only state to roll out such an initiative to assist its people. She also shared that as many as 9,321 borrowers in Sarawak have since benefited from this programme, urging other states to adopt similar initiatives as well.

(Sources:
The Star
,
Free Malaysia Today
,
The Edge Markets
)

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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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    Ravinder Singh

    1 year ago

Please be transparent and state how many (1) Bumiputra and how many (2) non-Bumiputra!

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Selangor State Government To Begin Distributing RM1,000 Flood Aid Starting Tomorrow

(Image: Malay Mail/Miera Zulyana)

Selangor Menteri Besar Datuk Seri Amirudin Shari has said that Selangor flood victims who are entitled to the RM1,000 disaster aid from the state government’s Bantuan Selangor Bangkit fund will begin receiving the money starting tomorrow (29 December 2021).

According to the minister, the aid will be distributed in stages according to categories. “We broke it up into three categories: those in the public PPS, those in private or their own PPS, and those who did not move to the PPS,” he said, elaborating that they will begin with victims in the public PPS, followed by those in the private PPS, and finally, those who are not in any PPS or did not relocate amidst the calamity.

“Those who are housed in public and private PPS, their names have been registered, their identity card numbers are already available. All this does not require re-registration,” said Datuk Seri Amiruddin. Meanwhile, individuals who fall into the third category will need to get themselves registered at one-stop centres that will be established soon, he said.

(Image: The Star)

Datuk Seri Amiruddin further shared that individuals in the third category can download the required forms online if they want, although officers will also be dispatched to their houses to get the names of affected individuals starting from 3 January 2022. “I hope by the end of January, we would have been able to distribute all the monies to the needy,” he said, adding that Muslims in the Selangor state will also be entitled to an additional RM600 cash assistance via Zakat Selangor.

Aside from that, the minister also clarified that victims do not need to lodge a police report affirming that their homes were affected by the floods in order to qualify for the RM1,000 cash aid. “All you need is to make a report that you’ve lost your IC and you will be eligible for state aid,” he said.

(Image: AP/Vincent Thian)

Selangor currently has an estimated 40,000 individuals from 9,000 families seeking shelter at 205 PPS after being displaced by the devastating floods that struck Malaysia two weekends ago. Inclusive of those who did not evacuate to a PPS, it is projected that there are between 15,000 to 20,000 affected families.

Aside from this RM1,000 cash aid, the Selangor state government has also offered to provide a
RM10,000 one-off payment
 for the families of those who died in the floods, as well as a one-month water bill waiver for all affected households – among other assistances.

(Sources:
Malay Mail
,
The Edge Markets
)

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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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RHB Evo Credit Card Brings Jurassic Park to Life

Now bigger and better in 3D, the epic movie by Steven Spielberg is in theatres once again. And RHB is offering EVO Cardmembers the chance to catch the movie in a special screening at TGV Cinemas, 1 Utama.

Fifty winners will be chosen according to the highest amount spent in one transaction on their RHB EVO Credit Card before the deadline of 28 April 2013. Each winner will receive two passes to the screening at 1 Utama on 28 May 2013.

To find out more about how you can win, check the
Terms and Conditions
.

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Diana Chai

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Explore New Business Opportunities With Cleanpro Laundry Franchise

Walkthrough a township or a busy suburban and you’re likely to spot a Cleanpro Express  — in fact, you might even be a loyal customer of this self-service laundromat as not everybody has a washing machine or a dryer machine at home, or you might just prefer the convenience of doing your laundry in bulk.

As you walk into the familiar sky blue interiors, have you ever wondered how a business such as this operates?

Boasting lower prices and increased convenience with 24-hour facilities for customers,
self-service laundromats have become increasingly popular among Malaysians
 over the past few years, especially among those seeking fast and economical laundry solutions such as students and individuals with fast-paced lifestyles.

But while self-service laundromats offer convenience to customers, these outlets can also be equally beneficial to their owners too. As clean clothing is a  basic necessity, self-service laundromats can be a business opportunity for enterprising investors who are seeking to start their own business or even branch out into a new venture.

To that, Cleanpro is inviting entrepreneurs, business owners, and those of us who are just keen on tapping into the potential of this growing industry to take a closer look at their franchising opportunities.

Cleanpro – Your Neighbourhood Laundromat

You’ve seen these light blue laundromats everywhere, and you’re likely familiar with what it does.

But, did you know, Cleanpro Laundry Holdings Sdn Bhd started its journey as a commercial laundry detergent and chemicals manufacturer and supplier? Later on, the company branched out to laundry machine servicing, then becoming dealers and distributors for laundry machinery, before expanding into the self-service laundry sector.

Today, it has 500 self-service laundry franchise outlets and 2,000 non-franchise outlets across Malaysia, Indonesia, Brunei, Singapore, Thailand, and Vietnam, making it one of the largest laundry businesses in South East Asia.

Since it’s presence is already established — you don’t have to worry about building a customer base from scratch. You can leverage on its built-in brand recognition and promote your business as it is.

Your Business Never Closes With A 24-hour Cleanpro Express Self-Service Laundromat

Built to provide convenience for consumers living in densely populated areas and limited space, Cleanpro Express stands a level above their other franchise brands by offering 24-hour self-service laundry outlets backed by Dexter laundry machines.

Without needing in-store support staff and with fully automated laundry machines, franchise owners will benefit from lower business expenses and 24-hour operation means you never have to turn away customers, thereby maximising sales potential.

Cleanpro Express franchise opening process

Every Cleanpro Express franchise outlet receives complete support from a dedicated team that focuses on the laundromat set up. The team helps with almost every aspect of the business from site selection to outlet design, set-up and training, to finally the most important feature of the laundromat, fitting the outlet with laundry washing and dryer machines.

Backed by Dexter Laundry Machines,  A Trusted American Brand Name

If you’ve ever been to a Cleanpro Express outlet, you might already be familiar with the 14kg or 25kg washing machines fitted in the laundromat. Reliable and efficient — these commercial machines are made by  Dexter Laundry equipment, a trusted American brand that has been around for over 125 years.

Washers and dryers by Dexter are known for its reliability and durability as every Dexter washer is designed to withstand a rigorous 1,000-hour test, using a large load and running at maximum extract. In fact, that’s why each Cleanpro Express outlet is only fitted with reliable Dexter machines so that both customers and the outlet owners can enjoy optimum efficiency and durability.

As the sole distributor of Dexter Laundry machinery in Malaysia, Singapore, and Thailand, Cleanpro Laundry Holdings not only offers 2-year warranty on Dexter washers and dryers but also provides responsive technical support as well as servicing and preventive maintenance.

Start Your Cleanpro Express Franchise Journey With A Click!

Even though this laundry business is a self-service one, you won’t be alone in your journey. From ideation to completion, Cleanpro Express offers a supportive set-up team, reliable and durable Dexter machinery, and years of experience in the laundry industry to kickstart your journey.

If you’re interested in learning more about opening a Cleanpro Express outlet, sign up at the link below and get a free consultation.

Learn more about Cleanpro Express franchising opportunities here.

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Lazada Promotes Its Voucher Club Feature Ahead Of Upcoming 9.9 Sale

With the 9.9 mega sale happening in a few weeks, Lazada has been busy promoting the Lazada Voucher Club, its voucher subscription service.
It’s been around for a while
, but you’re likely to have received some form of notification or seen mentions of it over the past week on the Lazada app and in Lazada’s social media.

The Lazada Voucher Club is a voucher subscription service that offers exclusive vouchers, allowing you to benefit from greater savings. Available as either a 1-month or 3-month subscription plan, the membership will entitle you to four sets of vouchers per month, with each set containing six exclusive vouchers.

The best part? These vouchers are stackable with shop vouchers, payment vouchers, as well as Lazada Bonus vouchers, making it a potential quadruple-dip reward on mega sale days. Oh, and they’re also applicable for bill payments as well.

For RM25 (though there may be a lower rate for first-time buyers; we’ve seen RM15 and RM20 for some users) the vouchers that you will receive include:

Free shipping vouchers (with no minimum spend requirement)
RM5 vouchers with no minimum spend
RM10 vouchers with different minimum spend requirements (RM30, RM60, RM99)
RM25 vouchers with RM250 minimum spend
Exclusive 50% bonus voucher with no minimum spend when you pay with Lazada Wallet

These vouchers are split into four sets, with each set of vouchers having a validity period of seven days. Unused vouchers are burned, unfortunately. In total, these vouchers add up to a total savings of RM250 if they are all used up – not bad value considering the RM25 fee. Closer to expiry, you’ll have the option of renewing your subscription at the same RM25 price.

Lazada’s FAQ notes that Lazada Voucher Club is currently in its introductory phase, and that there may be some adjustments to the benefits and vouchers in the future.

If you’d like to subscribe to the membership, you can check the “Account” tab in your Lazada app to find the prompt, and Lazada will also display a notification when you are checking out an order. You shouldn’t
purchase from this link
, of course. We’ve recently subscribed to this plan and will be sharing our thoughts soon!
(Source:
Lazada Voucher Club
)

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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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How to Check if You're a Victim of Identity Theft

Imagine this: it’s the weekends and you decide to go through your mails. Everything seems to be normal, until you see a statement for a personal loan that you’ve never applied for. Your stomach drops, panic sets in; what do you do now?

If you ever find yourself in this situation, there’s a high chance that you’ve just been a victim of identity theft. But, how do you know that for sure and what are the tell-tale signs that you should look out for?

And if you are a victim of identity theft, how and who do you need to report it to? We at RinggitPlus are here to break it down for you.

What is Identity Theft?

In simple terms, identity theft is an act of crime in which a fraudster steals your sensitive personal information such as your NRIC details, passport details,
credit card or banking details
.

Once they have gotten their hands on your personal details, they can use it to apply for loans and credit cards under your name, make unauthorised purchases under your name, and even sell your information or documents to other companies or illegal immigrants. All these can no doubt ruin your credit history – not to mention your reputation – which can take a long time to fix after the damage is done.

How Can Someone Steal My Personal Details?

What’s scary is that there are many ways for identity thieves to go about stealing your personal details. They could obtain your personal details by going through your mails and carelessly discarded trash that may contain your details – such as old credit card statements and bills.

Identity thieves can also hack into your unsecured online accounts and websites (think social media accounts, email accounts, and online subscriptions) to get to your personal details. Even worse, some fraudsters and identity thieves steal your credit card details while you’re busy shopping – be it
online or at physical retail stores
.

Why Should I Care If My Personal Details Are Stolen?

Having your personal details compromised by identity thieves can have a big impact on your life, and could potentially throw you into financial ruin if you don’t take the proper measures to guard against it – or even report it in time.

This could result in debts and a damaged credit history and/or score. Your credit score is not something that you would want to take lightly as it could be the difference between having your loan or credit card application approved. Imagine not being able to apply for any loans, credit cards, or other financial products at all – doesn’t paint a very good picture for your future, does it?

Check out our article on how you can
Boost Your Credit Score Right Before You Apply for Loans!

That’s Terrifying. How Do I Know if I Am a Victim of Identity Theft?

It’s always good to keep yourself informed on the latest news as well as staying alert when performing your daily activities. Here are some red flags that might indicate the possibilities of you being a victim of identity theft as well as some tips on what you can do if it happens to you.

1. Unauthorised charges and withdrawals from your credit card/bank account

This is a dead giveaway of an identity theft case, as no one else would have access to your bank account (unless you have a joint account). Always check your credit card and banking statements via online banking or monthly physical statements and flag any unauthorised charges or withdrawals.

What you should do:
 Alert your bank immediately if you spot an unauthorised transaction under your credit card or banking account. It helps to also file a police report as a supporting document along with a completed dispute form (you can normally download this form from your bank’s website).

In addition to that, you should lodge a report at Bank Negara through the following channels:

Call:
 1-300-88-5465 (1-300-88-LINK)

Fax:
 03-2174 1515

SMS to 15888:
 BNM TANYA [your report/query]

Email:

[email protected]

2. Your bills and mails are missing

If your mail hasn’t been consistent as of late, do consider the fact that someone might be going through your postbox for malicious purposes.

What should you do:
 Check your mail consistently and remember to update your bank of any change of address. The same concept applies if you are using a workplace or student email for your financial statements. Contrary to popular belief, not all email accounts are deactivated when you delete them.

3. Your social media account has been flagged for unusual activity

If your account is accessed from a location that is different from your usual haunts, it’s time to change your passwords as someone may have hacked into your account. For hackers, social media is a goldmine for confidential information. Once they’ve hacked into any one of your online accounts, they can use it to trick your friends into giving out details about you – which they can use for situations like credit card verification and more.

What should you do:
 Change your passwords regularly and update your security questions every so often, especially if any of it involves your personal details. If you believe you’re a victim of identity theft, notify the social media support team immediately so that they can take the necessary actions.

4. Your loan and card applications keep getting declined

If you are facing difficulties in getting a credit card or
loan application
 approved, maybe it’s time to check your credit report and see if there have been any discrepancies concerning your personal details. The usual signs of identity theft would include a credit inquiry from an unknown source or a new account.

What you should do:
 Check your credit report and credit score regularly so that you will always stay updated on your financial health. If you find that any of the information on your credit report is inaccurate, notify your credit reporting agency immediately and they’ll investigate the matter for you.

5. You receive calls from debt collectors about debts that you don’t know of

If you start to receive calls from debt collectors but have never missed a payment in your life, there’s a huge chance that identity thieves have misappropriated your personal details and applied for loans or credit cards under your name without your knowledge.

What should you do:
 File a police report to protect your assets. Then, contact Bank Negara in order to safeguard yourself from further illegal transactions conducted under your identity.

What Else Should I Do to Protect My Personal Details?

Now that we have listed down the things that you will need to look out for to see if you are a victim of identity theft, here are some of the preventive measures you should know to help protect yourself against identity thieves:

• Secure your wireless network connection

• Use an anti-virus/malware protection software

• Stay vigilant on websites that are prone to phishing

• Monitor your credit profile via credit reports

• Only shop at safe and secured websites

• Be wary when sharing personal information online

• Ensure that your bills and statement arrive in a consistent manner

• Always check your statements for any unusual transactions

• Dispose of your documents carefully (shred or tear them to small pieces before throwing)

We hope that these tips can help you to stay safe and protected from potential identity thieves – especially with the ongoing online sales happening this quarter.

I Think Someone is Using My Identity. What Should I Do?

Get the feeling that someone is stealing your identity for unscrupulous use? You would need get a copy of your credit report to see if there are any irregularities in it. This is where the MyCTOS Score Report comes in handy.

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

Apart from that, you can also find out your CTOS Score – a three-digit credit score that ranges from 300 (poor) to 850 (excellent). Your CTOS Score is used by banks and lenders to determine your creditworthiness and level of credit risk. Learn more about the MyCTOS Score Report here.

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A Beginner's Introduction to Forex

Short for foreign exchange, you may have heard the term bandied about online or in multiple adverts on your social feeds. But what exactly is it? Let’s go through a quick brief on the basics of foreign exchange.

It’s Currency Conversion, Right?

Yup. Forex trading then, is the practice of trading currency for profit. You know how exchange rates fluctuate over time? You can think of the exchange rate as the ‘price’ of a currency. The more attractive it is to do business with a particular country, the more ‘expensive’ the ‘price’ of that particular country’s currency (exchange rate) would be.

A simplified example would be, if Canadian Oil is in high demand, more people would want to buy Canadian Dollars to purchase that oil with and the ‘price’ (or exchange rate) of Canadian Dollars would rise.

If Currencies Have a Price, in What Currency Are We Paying That Price In?

You know when you go to the moneychangers, and you see that big chart with all the prices for the different currencies? Often those prices are expressed in Malaysian Ringgit, because with the business being a Malaysian one, usually that’s the currency customers would have on them. This expresses the main difference between buying currencies and buying any other commodity.

The ‘price’ or exchange rate for a currency depends on what currency you’re buying it from. That is to say, an exchange rate cannot be expressed in just one currency. You have to also state the currency you’re buying from. Exchange rates are typically expressed like this:

USD/GBP = 0.72

MYR/SGD = 0.33

EUR/CHF = 1.09

Which means that it takes 1 US Dollar to buy 0.72 British Pounds, 1 Malaysian Ringgit to buy 0.33 Singapore Dollars, and 1 Euro to buy 1.09 Swiss Francs. The currency on the left is called the ‘base currency’ while the currency on the right is called the ‘quote currency’.

The exchange rate is how much of the quote currency you need to pay to buy 1 unit of the base currency. Looking at the above, you can tell that an exchange rate that’s lower than 1 means the base currency is currently weaker (or of lower value) than the quote currency.

Currencies are also typically written using a 3-letter abbreviation, a bit like company names in the stock market.

So It’s Like Trading Stocks, Then?

Kind of. While stock trading relies on you buying a share of a company and hoping the value rises, in forex trading, since there’s always a pair of currencies involved in each transaction, you can also profit by betting on a currency to lose value.

Buying a base currency in the hopes of selling it in the future means you’re betting on the exchange rate to go up. The reason for that rate increase may be that the base currency is getting stronger, but it can also mean that the quote currency got weaker.

For example, if you buy 1000 units of the USD/GBP pair at an exchange rate of 0.72 (which means you exchanged 720 British Pounds for 1000 US Dollars), and the rate increases to 1.00 the next week, when you then sell your Dollars (that is to say, convert your USD back to GBP) you’ll have 1000 British Pounds, earning you a profit of 280GBP.

People Keep Telling Me to Try Forex Trading. Should I?

While we can’t make up your mind for you, we can break down the advantages and disadvantages of forex trading so you can make a better-informed decision.

Pros

Low Barrier of Entry

When compared to trading stocks, forex trading
does not require a heavy investment
 to get started. With online forex brokers you can open a ‘mini’ or ‘micro’ forex account with as little as $25.

Low Transaction Costs

Forex trading can have very low costs compared to the brokerage and commisions charges that you would have to deal with in other financial trading.
In fact, there are no commisions, really
 and the transaction cost is typically less than 0.1% under normal market conditions.

No Central Exchange

In the equity market, a company can suddenly delcare a dividend or report huge losses which in turn can drastically affect the prices out of the blue. Forex trading has no such central entity. The international market also has no regulators. This decentralised and deregulated feature of the forex market also means there is no possibility of insider trading; everything is dependent on global factors and developments.

High Liquidity

Compared with other financial markets, the forex market has the largest number of participants. This means your assets can always be sold to or bought by somebody somewhere.

Cons

It’s Deregulated

Due to its decentralised nature, forex trading is dominated by brokers and not by market regulators or central entities. This means that the forex market provides no incentive for brokers to be fully transparent with the trader. A trader may not be given full information on trading quotes, may not get the best price, or even not have control over how their trade order gets fulfilled.

The Market is Very Difficult to Predict

In stock trading, the variables that can affect the rise or fall of a stock is comparatively easier to figure out. You can gauge the business decisions of the shareholders, or how taxes or export/import rates affect a certain field of industry. But with foreign exchange, the variables are of a much wider breadth. From political stability, to foreign investment, to global news, there are way more things to keep in track of to trade effectively and profitably in forex.

To add to this, remember the example we give above where the USD/GBP rate starts at 0.72 and rises to 1.00 the week after? That’s almost never the way it works in real life. In actual forex trading, currencies are bought and sold every hour and the rate fluctuations are not measured by the cent,
but by the pip
. A pip, by the way is 0.0001th of a unit.

Entire book series, websites, and communities are dedicated to figuring out the best system to always be profitable in forex trading, but there isn’t a foolproof one yet since there are so many moving parts. It can look a lot like gambling if you’re not prepared to do plenty of studying up beforehand.

High Volatility

Another disadvantage to forex trading comes from how decentralised it is. In stock trading, when things go wrong with a particular stock, shareholders can put pressure on management to initiate the required changes or approach regulators. Forex traders have no such recourse if a currency nosedives. For example, when
Iceland went bankrupt
, forex traders holding onto Icelandic krona had no other option but to take their losses.

A Word on Forex Scams

Like we’ve said above, the forex trading market is decentralised which is good in some ways, but bad in others. There are unscrupulous people who act as dishonest online brokers offering incorrect quotes, people who try to sell expensive forex trading software, and other methods to dupe unsuspecting people out of their money.

Forex trading is very attractive as an investment proposal because of its low barrier of entry, both financially, and knowledge-wise. But to make a reliable profit on it takes a long time, plenty of patience, guesswork, and a high risk tolerance.

There is more to discuss on the topic of forex trading as an investment tool but we hope this basic break down helps you understand the gist of it, and inspire you to learn more about it yourself should you so wish. If you’re skittish of even thinking about financial success, then maybe check out our
article on the 4 excuses that keep you from getting your finances where they need to be
.

Do you have any other questions about forex trading or forex in general? Do let us know in the comments section down below!

Photo credits:
Images Money on flickr
,
Nick Hubbard – South East Asia Exchange Rates
,
Wonderlane on flickr
,
“Forex Money for Exchange in Currency Bank” by epSos.de
,
Dave Winer
,
Rafael Matsunaga
.

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Get Guaranteed RM800 Cash Via DuitNow, RM800 TNG eWallet Credit, Or Win Apple Watch Series 8

Looking to apply for a credit card? The Unbox This Week credit card campaign is back as usual with amazing gifts when you sign up!

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.

From 6 June to 12 June 2023, our featured bank partners are

none other than
UOB, HSBC, Standard Chartered Bank, Alliance Bank, RHB, and Public Bank
. 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!

UOB – Apple Watch Series 8

Win an Apple Watch Series 8 when you apply for a UOB Credit Card! Stay fit and healthy with the ultimate fitness companion that is ever ready with an always-on Retina display and nifty features like advanced health sensors, safety functions, and more.

If you’re not selected, you will still walk away with guaranteed RM250 TNG eWallet Credit.

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 UOB credit cards within a year prior to this campaign do not qualify for this promotion. Otherwise, those who wish to apply for their new UOB credit cards can
head on over here to do so.

HSBC – RM800 Cash Via DuitNow

Get RM800 Cash via DuitNow guaranteed to you when you apply for an HSBC Bank Credit Card! Whether it’s settling bills, going on a shopping trip, or saving it up, it’s all up to you.

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 – RM800 TNG eWallet Credit

Another cash gift! Get RM800 TNG eWallet Credit guaranteed to you when you apply for a Standard Chartered Credit Card.

Having some extra cash to spend is always exciting and it’s your choice how you want to spend it – pay for parking, tolls, or essentials.

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 – JBL 710BT Wireless Headphones or JBL Wave 100TWS Earbuds

Get guaranteed JBL 710BT Wireless Headphones or JBL Wave 100TWS Earbuds when you apply for a new Alliance Bank Credit Card.

The JBL 710BT Wireless Headphones sports a lightweight over-ear design, can be folded for travels, has a 50-hour battery life, and is best of all, guaranteed to you when you apply for an Alliance Credit Card with Balance Transfer.

Meanwhile, you will receive the JBL Wave 100TWS Earbuds that have 20 hours of combined playback, dual connect function, and more when you apply for an Alliance Credit Card without Balance Transfer.

Upon approval, you just have to activate and spend to meet the requirements of the campaign and be eligible to get the gift. 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
.

RHB – RM500 TNG eWallet Credit

No one says no to cash! Enjoy RM500 TNG eWallet Credit guaranteed to you when you apply for a RHB Credit Card! Save it up, spend it on loved ones, or invest it – it’s all up to you.

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

Public Bank – Xiaomi 70mai Dash Cam 1S

Here’s another guaranteed gift! Take home a Xiaomi 70mai Dash Cam 1S when you apply for a Public Bank Credit Card.

A dashcam is becoming an essential device for every vehicle owner and the Xiaomi 70mai Dash Cam 1S is equipped to provide 130° wide angle views as well as  automatic emergency recording.

All you need to do is complete your application via the RinggitPlus website, get approved by Public Bank, and make an accumulative spend of RM250 within sixty (60) days of approval to be guaranteed this gift. Apply for your Public Bank 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 12 June 2023 (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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Budget 2023: PNB To Raise ASB & ASB2 Holding Limit, ASM Fund Size

(image: New Straits Times)

Prime Minister Datuk Seri Anwar Ibrahim has proposed to increase the maximum individual investment limit for both Amanah Saham Bumiputera (ASB) and Amanah Saham Bumiputera 2 (ASB2) in his Budget 2023 presentation today. On top of that, he also announced that the fund size of Amanah Saham Malaysia (ASM) will be increased.

Specifically, Datuk Seri Anwar said that the maximum investment limit for individuals in ASB and ASB2 will be raised to RM300,000. At present, the holding limit for ASB and ASB2 funds is set at RM200,000. To note, this proposal was also
included in the first version of Budget 2023
, when it was tabled back in October 2022.

Aside from that, Datuk Seri Anwar also said that the government will increase the size of the ASM fund by RM5 billion from its current amount (equivalent to 5 billion units).

The prime minister noted as well the introduction of these efforts will support the increase of investment holdings within the bumiputera community within Malaysia.

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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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    Anonymous

    6 months ago

I hope the next dividend is higher.

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Minister: Govt Studying Ways To Provide Additional Assistance To Malaysians

(Image: Bernama)

Minister in the Prime Minister’s Department (Economy), Datuk Seri Mustapa Mohamed has said that the Finance Ministry is studying ways on how the government can further provide additional aid to the Malaysian public amidst the ongoing nation-wide full lockdown (FMCO).

According to the minister, the government is aware that some people were expecting the announcement of an additional stimulus package following the reveal of the National Recovery Plan earlier this week. “The government quite understands the pulse of the people. Assistance is still there because not all allocations announced previously have been spent,” he said.

(Image: Bernama)

Datuk Seri Mustapa noted that the government had earmarked a total of RM380 billion to be distributed to the people through various economic stimulus packages – which is equivalent to 28% of the country’s gross domestic product (GDP). Of the amount, RM200 billion had been spent, with RM180 billion remaining. He also commented that Prime Minister Tan Sri Muhyiddin Yassin has already instructed the Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz, to find ways so that the government can continue to provide aid to the people.

To date, the Malaysian government has introduced more than five stimulus packages to help keep the country’s economy and people afloat. These include the
PRIHATIN economic stimulus package
,
PENJANA economic recovery plan
,
PERMAI stimulus package
, and more recently, the
PEMERKASA
 and
PEMERKASA+ economic stimulus packages
.

(Source:
The Sun Daily
)

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PRIHATIN Economic Stimulus Package

Tengku Zafrul Abdul Aziz

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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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Budget 2023 Now Expected To Be Tabled Earlier, On 7 October 2022

(Image: MOF)

Prime Minister Datuk Seri Ismail Sabri Yaakob has announced that Budget 2023 will now be tabled three weeks earlier than originally scheduled, on 7 October 2022. This was revealed in a Cabinet meeting today.

Up until yesterday, the national budget was expected to be presented in Dewan Rakyat on 28 October 2022, with even the Deputy Finance Minister 1,
Datuk Mohd Shahar Abdullah confirming the date
. He was quoted as saying that the date is “public knowledge”, and that he had no information of the presentation being brought forward.

With this latest update, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz will be expected to present the national budget after the Dewan begins its next meeting on 3 October 2022. The Dewan Rakyat Speaker, Tan Sri Azhar Azizan Harun will also need to be informed so that he, in turn, could notify the Members of Parliament of the new date for the tabling of Budget 2023 (28 days in advance).

(Source:
The Star
)

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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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Experience The Edelweiss Way Of Living In Tropicana Gardens

The last phase of Tropicana Gardens – the Edelweiss SOFO & Serviced Residences is the new emerging business and lifestyle hub in Tropicana Indah. Located in the affluent Tropicana Indah neighbourhood, the Edelweiss is connected to the Tropicana Gardens Mall which is also located just opposite the matured Kota Damansara centre that is well known amongst the locals for having everything one would need.

Think fancy cafes and restaurants, your favourite neighbourhood marts, and your classic kopitiam and mamak hangout spots – these are just a few of the elements that make the surrounding vicinity of the Edelweiss charming in the day and lively at night. But besides its name and its prime location, what makes Edelweiss appealing?

And what’s a better way to find out besides imagining ourselves living the life in Edelweiss? Read more to find out.

For Limited Time, Own A Unit At Edelweiss With Special Benefits

If the way of life at Edelweiss Tropicana Gardens is what you aspire, from now until 30 July 2021, you will get to enjoy a myriad of perks with the currently running Tropicana 100 campaign. With Tropicana 100, your first step to owning a unit at Edelweiss is made easy with 100% financing. Besides that, you will also and get to enjoy more savings as your new home will come with 100% furnishing, and more. And the best part? Get100% returns on your booking fee when you book your unit today. Terms and conditions apply.

Also, Get The Opportunity To Learn How To Invest With RinggitPlus Academy

Tropicana Gardens is excited to collaborate with RinggitPlus to offer successful Edelweiss booking via RinggitPlus, a 2-hour online RinggitPlus Academy Lite session where you will get to learn the ultimate investment tips including property investment for beginners,
happening
3
July 2021 from 10 am – 12 pm.

Conducted by RinggitPlus’ very own Licensed Financial Planners, there will be only 30 slots available on a first-come, first-served basis. So, don’t miss out as you will gain practical insights on how to grow your money smartly. You can register your interest
 here
.

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How a Voluntary Arrangement Can Save You from Bankruptcy

Malaysians who are on the brink of bankruptcy will now receive a second chance to help them manage their debts better. According to the Debt Management and Counseling Agency (AKPK), 43.3 % of Malaysians are seeking debt management assistance due to poor financial planning, with 21.8% needing it due to a high cost of living, and 14.5% approaching bankruptcy due to business slowdown and failure.

Aiming to curtail the number of bankruptcy cases in Malaysia,
AKPK
 announced that they will expanding their role to become a nominee under the voluntary arrangement service, a rescue mechanism under the revised Insolvency Act 1967 which is devised to help debtors negotiate a debt repayment plan with creditors.

Curious to know how a voluntary arrangement works as opposed to the usual debt management plan? Read on as we find out if the newly introduced rescue mechanism can help you tackle your debts better.

What is a Voluntary Agreement?

Under AKPK, a voluntary agreement is a binding agreement between a debtor and creditor to repay their outstanding debts, which can be done either in full or in part. For example, let’s say John, a businessman, is on the verge of closing down his business due to various economical conditions.

In order to avoid bankruptcy and the pitfalls that comes with that, he can call up AKPK and inform them about his situation. From here, he can either enter into AKPK’s debt management plan or ask for a voluntary arrangement, which would see him paying off a sum of money into a single arrangement for the benefit of his creditors.

As the creditor’s concern is to ensure that they are still able to receive payments, they will be willing to write off a significant proportion of John’s debts even if it’s a lesser amount than John originally owes, making it a win-win situation for both parties.

What Are the Benefits of a Voluntary Agreement?

If you are looking to opt for a voluntary agreement to help with your debts, here are the benefits that you will stand to gain:

• You will only need to pay an agreed percentage of your debt back. The amount that you will need to pay will be agreed upon by your creditors in your VA and no unsecured creditor can take any further action to recover their money, apart from what was stipulated in the VA.

• You will be free of debt in a set time of 3 years.

• Your creditors will stop demanding you for further payments. A VA is legally binding, ensuring that your creditors do not take any further legal action, contact you for payment purposes, or
send any debt collectors your way
.

• The contractual interest and charges on your unsecured debt will be frozen, so you can pay down your debts faster.

• AKPK will ensure that your monthly VA repayments are within your means as your monthly repayment amount will depend on your specific income and other incidences.

Read Also :

 Steps to Clearing Your Bank Negara Blacklist Status

What Are The Setbacks of Entering Into A Voluntary Agreement?

• Once the agreement has been made, you will need to stick to it for the term of the arrangement. This leaves you with minimum flexibility to renegotiate your payment terms.

• Your creditors will need to know how much you can pay and this means declaring all of your assets and liabilities. This includes inheritance, windfalls, and bonuses that you may have received.

• There are concerns as to whether entering into a VA will affect the credit score of an applicant. At the time of writing, there won’t be any repercussions apart from it appearing in your credit reports. In other countries however, having a VA record can prevent your from securing loans as lenders will rank your financial risk as high. So that’s something you should keep in mind.

What Happens When I Enter into A Voluntary Agreement?

Under the VA, the court would issue a
 90-day interim order
, during which AKPK would help the debtor prepare a debt repayment structure. To quote Director-general Datuk Abdul Rahman Putra Taha, debtors must adhere to the agreed sum of contribution paid to the creditors and they must also file their pay and expenses slip statement every 6 months throughout the 3-year period.

Any Other Thing That I Need to Know?

While consultation is offered for free, do note that in the situation that the VA is approved, AKPK will
 charge the debtor up to 5%
 the outstanding debt for its service. This is most likely to be included in your monthly debt repayment scheme.

For more information on VA, you can always give
 AKPK
 a visit or contact them at their hotline for further details.

To conclude, if you feel that your debts are piling and you would like to restructure it to avoid the repercussions of
 being declared bankrupt
, entering into a voluntary agreement would definitely help you achieve that goal.

With the right steps and repayment plan, you can face your debts with absolute confidence and avoid financial ruin. This, in turn, will help you build your credit worthiness and pave the way to good financial management skills in the long run.

To learn more about debt management, check out our
 collection of articles
 on the subject. If your debts are centered around credit cards, you may want to take a look at a balance transfer plan instead. Our
 credit card comparison tool
 will help you decide which plan works best for your repayment needs.

Are there any other debt repayment plans that you would like to add on to the list? Let us know in the comment section below.

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What is a Current Account and Do You Even Need One?

What is a Current Account?

It is similar to a savings account in that you can deposit your money and also make withdrawals but differs in terms of payment options, among others. Current accounts let you
issue cheques
 as a method of payment while savings accounts are not equipped with this facility. This is one of the key features that separate the two.

In addition, basic current accounts traditionally pay little to no interest on your account balance where some special current accounts do still offer attractive rates. However, you may need to make a higher initial deposit and maintain a larger minimum balance before receiving interest earnings.

Note that you can still use regular services like internet banking and ATM facilities but you may need to pay service and maintenance fees if your account is not holding the minimum balance.

Who Can Open A Current Account?

Banks in Malaysia offer this facility to citizens, permanent residents and foreigners (with discretion for the applicant’s native country) aged 18 and above. Current accounts may
require an introducer
 that holds an account with the bank to vouch for the applicant; however some accounts forgo this requirement.

In general, current accounts involve a
slightly larger initial deposit
 than a savings account with the amount ranging from RM250 to RM1,000 for basic accounts and even up to RM5,000 or more for premium, high-interest accounts.

Other Special Features and Benefits

While current accounts cost a little more to maintain, they do come with some advantages that could be worth the extra charges, such as:

An
overdraft facility
 which allows for withdrawals that exceed your account balance within an agreed amount. It can be helpful to reduce the possibilities of bounced cheques and give flexible access to quick cash. Note that overdraft amounts do incur additional fees.

Personal Accident Insurance
 that is offered as an extra benefit with some current accounts. You can call up your bank to find out more on this feature.

Monthly statements
 that are provided free of charge to help keep track of all incoming and outgoing transactions.

Do You Need a Current Account?

If you have larger amounts of savings to deposit every month, you could enjoy the higher interest rates offered for these accounts with the added chequing and overdraft facilities.

However, if your deposits and account balance aren’t able to meet the minimum requirements, then you may not earn interests on your savings and perhaps even end up paying more in maintenance and service fees. Thus, if you don’t often issue cheques when making payments, a savings account is probably a better choice.

If you do indeed need to open a current account, we can help you find one with just the right perks and rates. Just scoot on over to our
comparison page
 to make a discovery!

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TAGS:

Cheques

Current Accounts

Initial Deposit

Monthly Statements

Overdraft Facility

Personal Accident Insurance

About THE AUTHOR

Desiree Nair

Desiree Nair

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