Some Malaysians Are Using Taxis Again Because Grab Prices Are Too High

Taxis are now considered to be cheaper than Grab, which is ironic considering that e-hailing services like Grab was lauded as the cheaper and better alternative to taxis. In recent times, there has been an increase in passengers complaints that Grab’s fares are more expensive than that of the conventional cab.

Free Malaysia Today (FMT) reported that cab services can sometimes be up to two times cheaper than the services provided by Grab. Checks made by FMT showed that a single 10-minute trip by cab costs around RM7, but the same trip on Grab is priced at RM14.

There are several factors that contribute to the higher rates.
Grab’s merger with Uber
 three months ago resulted in a lack of competition, which may have allowed Grab to change its pricing structure. Besides that, with fewer Grab drivers on the road – coupled with increasing demand for Grab rides – would result in higher fares thanks to Grab’s surge pricing structure.

According to Grab, it is this dynamic pricing policy that results in higher rates. The prices fluctuate according to supply and demand in high traffic areas, and will naturally increase during peak hours. In contrast, taxis charge a flat rate based on distance and time spent in the journey (except for surcharges to the airport and past midnight), though errant taxi drivers refusing to use the meter remains a problem in Malaysia.

Regardless, it appears some Malaysians are going back to taking taxis. A taxi driver, when asked by FMT, said he has seen an increase in customers this year compared to the years after Grab and Uber were launched. “I think it must be because of the increase in prices for Grab,” he said.

(Source:
FMT
)

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    R.Davids

    1 year ago

I use grab a lot . All I can say is the rates are getting ALOT higher and it’s a real put off . I’m already looking at alternatives and the grab driver tells me everyone else is already complaining . Rates go up 30% to 100% . At the current economic climate like this ? Surely Harvard must have thought them better. Yeah I understand the business end of things . Well they rule now since uber is no longer a competitor . They do what they like . They charge what they like . They also take what
…
Read more »

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    Matt

    1 year ago

    Reply to

        R.Davids

Grab is making losses all the while. They are at risk of being sued by investors if the company still not making profit.

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    teo

    11 months ago

So the taxi driver says I’m better off taxing a taxi instead of Grab.  The taxi driver ummmmm thought he might say Grab was better (lol)

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Boost Introduces Level 5 On BoostUp, But Removes Base Coin Earnings For All Levels

Boost has made some changes to its BoostUP rewards scheme, namely by introducing a new Level 5 loyalty tier and modifying the way Boost Coins are earned across all levels.

Prior to this, there were only four tiers to the BoostUP loyalty programme, but the addition of the Level 5 tier means that loyal Boosties can now earn even bigger rewards than before. You can reach Level 5 by completing a special mission open only to Level 4 Boosties, which requires you to spend RM200 cumulatively on any Bill payment or Prepaid Top Up in the Boost app.

In addition to completing that mission, you must also carry out a minimum of 25 transactions totalling up to RM4,000 in the last 30 days to reach Level 5. To recap, here’s the minimum number of transactions and amount spent for you to qualify for each Boost level:

Tier

Number of transactions required

Spend amount required

1

0

RM0

2

5

RM150

3

10

RM400

4

20

RM1,000

5

25

RM4,000

The perks of Level 5 include an earning rate of up to 8 Boost Coins for every RM1 spend, double the chances on Boost’s Pick & Win feature, and a Level 5 Welcome Pack which includes RM15 Partner Wallet credit and other freebies.

In addition, Boost has also announced some changes to the
earning rate of Boost Coins
 across all levels. Here is a summary of the previous and current Boost Coins earning rate for Levels 1 to 5.

Previous Earning Rate

New Earning Rate

Level 1

1 Boost Coin for every RM3 spent

up to 1 Boost Coin for every RM1 spent

Level 2

1 Boost Coin for every RM2 spent

up to 1.5 Boost Coins for every RM1 spent

Level 3

1 Boost Coin for every RM1 spent

up to 2 Boost Coins for every RM1 spent

Level 4

2 Boost Coins for every RM1 spent

up to 4 Boost Coins for every RM1 spent

Level 5

–

up to 8 Boost Coins for every RM1 spent

These changes to the earning rate of Boost Coins mean that Boosties will no longer be guaranteed a set Coins earning rate with every transaction. Previously, you knew exactly how many Coins you would be getting for each transaction as the earning rate was definitive – although you could win extra coins from the additional Shake reward you get with each transaction.

Under the new earning rate, you stand to earn more Boost Coins with every RM1 spent than before, but this now wholly depends on your luck because of the “up to” factor.

To get more information on updates to the BoostUP programme, you can head on over to
Boost’s Facebook page
 for further details.

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Bank Promo Codes & Vouchers For Shopee & Lazada 7.7 Sale

The Shopee and Lazada 7.7 mid-year sales start at midnight tonight, promising attractive deals special for online shoppers. On top of the discounts provided by the e-commerce giants, there are also partner vouchers that are offered by various banks exclusive for their cardholders.

Here is a list of bank vouchers that you can grab to enjoy greater savings during the sales!

Bank Vouchers For Shopee 7.7 Mid-Year Sale

These are the bank vouchers for Shopee 7.7 mid-year sale that you can claim:

AEON Credit Service Malaysia

AEON credit cardholders can enjoy the following discounts on Shopee during the mid-year sale:

Customer category
Voucher amount
Voucher code
Existing Shopee customers
RM14 off with a minimum spend of RM120
ACS77
New Shopee customers
RM18 off with a minimum spend of RM20
NEWAEONCR

Remember to
claim the vouchers here
, and apply them at checkout tomorrow.

Affin Bank

Affin Bank and Affin Islamic credit and debit cardholders can get up to RM30 off their purchases on Shopee. These are the details of the vouchers offered to the cardholders:

Customer category
Voucher amount
Voucher code
Promotion period
All Shopee customers
RM30 off with a minimum spend of RM280
AFFN77B
7 July 2022 only
All Shopee customers
RM20 off with a minimum spend of RM180
AFFN77A
7 July 2022 only
New Shopee customers
RM18 off with a minimum spend of RM20
NEWAFFN
Ongoing – 31 August 2022

Do note that the RM30 voucher is only available for the first 200 redemptions, while the RM20 is available for the first 325 redemptions. Meanwhile, the RM18 voucher is limited to the first 1,000 redemptions throughout the promotion period. Claim all of the
Affin vouchers for Shopee 7.7 sale here
.

Alliance Bank

Alliance Bank credit cardholders can get
up to RM50 discount
 with a specified minimum spend. Here are the details and voucher codes that can be redeemed by existing Shopee customers tomorrow:

Voucher amount
Voucher code
Voucher quantity
RM15 off with a minimum spend of RM150
ABMB15
140
RM50 off with a minimum spend of RM500
ABMB50
170

As you can see, the vouchers are very limited, so be sure to
claim them
 before they run out!

Bank Islam

If you are a Bank Islam credit cardholder, you, too, can get RM20 off your Shopee purchase with a minimum spend of RM150.

Claim the
Bank Islam voucher here
.

Bank Simpanan Nasional

Both
Bank Simpanan Nasional
 credit and debit cardholders can claim the following vouchers:

Customer category
Voucher amount
Voucher code
Promotion period
Existing Shopee customers
RM10 off with a minimum spend of RM100
BSN77
7 July 2022 only
New Shopee customers
RM18 off with a minimum spend of RM20
NPDBSN
20 June – 7 July 2022

Note that the

RM10 voucher for existing Shopee customers is highly limited, with only 100 redemptions. Similarly, the RM18 voucher for new customers is also limited to the first 100 redemptions.

CIMB Bank

CIMB
debit, credit, and prepaid cardholders can also enjoy discounts on their Shopee purchases during this mid-year sale. Refer to the table below for the details:

Customer category
Voucher amount
Voucher code
Promotion period
Existing Shopee customers
RM50 off with a minimum spend of RM580
CIMB50
7 July 2022 only
Existing Shopee customers
RM10 off with a minimum spend of RM100
CIMB77
7 July 2022 only
New Shopee customers
RM18 off with a minimum spend of RM20
NEWCIMB
25 June – 7 July 2022 only

Like all the other vouchers, the CIMB vouchers are also limited. The RM50 voucher is capped at 100 redemptions, while the RM10 voucher is capped at 150 redemptions. Meanwhile, the RM18 voucher is limited to the first 1,000 redemptions throughout the promotion period.

Claim the
CIMB Shopee 7.7 bank vouchers here
.

Citibank

Citi credit cardholders can get RM18 off with a minimum purchase of RM150. Simply
claim the voucher here
, and redeem the voucher tomorrow.

Hong Leong Bank

Hong Leong Bank credit cardholders who are existing Shopee customers can also enjoy a RM10 discount when they spend a minimum of RM100.
Claim the voucher here,
 and redeem at checkout tomorrow.

HSBC Bank

HSBC credit cardholders are also eligible for discounts on Shopee when they meet the minimum spend requirements.

You can get RM100 off with a minimum spend of RM1,200, and RM22 off with a minimum spend of RM200. Claim both
HSBC Shopee 7.7 vouchers here
.

Maybank

There are also various discounts offered to Maybank credit cardholders, as specified in the table below:

Cardholder
Voucher amount
Maybank Shopee credit cardholders
RM20 off with a minimum spend of RM120
Maybank American Express credit cardholders
RM18 off with a minimum spend of RM120
Maybank credit cardholders
RM15 off with a minimum spend of RM120
(Promo code:
MBB77
)

Claim all
Maybank credit card vouchers for Shopee 7.7 sale here
.

Public Bank

Public Bank credit cardholders can get a RM10 discount when they spend a minimum of RM100.

Simply
claim the voucher here
, and use it at checkout tomorrow.

RHB Bank

RHB credit cardholders can enjoy a RM20 discount with a minimum spend of RM150, and a huge RM60 discount with a minimum purchase of RM500.

Claim the vouchers here
, and redeem them tomorrow.

UOB

If you are a UOB credit cardholder, you can also get RM14 off when you spend a minimum of RM120.

Claim the bank voucher here
, and apply it at checkout tomorrow.

Bank Vouchers For Lazada 7.7 Mid-Year Sale

For Lazada’s 7.7 sale, the bank vouchers will only be released from midnight 7 July, so you will need to be quick to claim these vouchers first. Remember to also
claim Lazada Bonus
, which are stackable with bank vouchers as well as store vouchers, making them very attractive.

Here are the vouchers by various banks that you can use during the mid-year sale, from 7 to 9 July 2022.

AEON Credit Service Malaysia

AEON credit cardholders can get RM15 off their Lazada purchases when they spend a minimum of RM120.

Claim the voucher here
 before it runs out!

Affin Bank

Affin Bank and Affin Islamic credit and Visa debit cardholders can enjoy the following discounts on Lazada:

Voucher amount
Voucher quantity
RM20 off with a minimum spend of RM180
100
RM15 off with a minimum spend of RM150
200

As noted, the vouchers are very limited, so do be quick to
claim them first
!

Alliance Bank

Alliance Bank credit cardholders can get a RM15 discount with a minimum purchase of RM150. There is also a huge RM50 discount that you can enjoy when you spend a minimum of RM500.

Claim both vouchers here
, and use them between 7 to 9 July 2022.

Bank Simpanan Nasional

Bank Simpanan Nasional credit cardholders can enjoy RM20 off their Lazada purchases with a minimum spend of RM150 in a single transaction. This discount can only be redeemed once, and is available only for the first 100 redemptions.

Just enter the promo code
BSNLAZ77
 at checkout between 7 to 9 July 2022.

CIMB Bank

CIMB debit, credit, and prepaid cardholders who are existing Lazada users can get a generous RM50 discount with a minimum purchase of RM580. Redeemable from tomorrow until 9 July 2022, this offer is capped to the first 400 redemptions.

Additionally, cardholders who are new Lazada users can get RM11 off with a minimum spend of just RM11. This offer is capped to the first 3,000 redemptions throughout the promotion period, from 25 June to 9 July 2022.

Claim both
CIMB Lazada 7.7 bank vouchers here
.

Citibank

Citibank credit cardholders can get a RM22 discount when they spend a minimum of RM150.

Claim the voucher here
, and redeem it between tomorrow to 9 July 2022.

HSBC Bank

HSBC credit cardholders can get a RM28 discount when they spend at least RM200 between 7 to 9 July 2022. Meanwhile, a minimum spend of RM1,200 will earn you a huge RM100 discount!

Collect the vouchers here
, and they will automatically apply at checkout when you select to pay with your HSBC card.

Maybank

Maybank credit cardholders can also enjoy discounts when they shop on Lazada between 7 to 9 July 2022. Refer to the table below for the details:

Cardholder
Voucher amount
Maybank credit & charge cardholders
RM15 off with a minimum spend of RM130
(Promo code:
MAYLAZ77
)
Maybank American Express credit cardholders
RM18 off with a minimum spend of RM150
(Promo code:
AMEXLAZ77
)

Note that the RM15 discount is limited to the first 3,133 redemptions, while the RM18 discount is limited to the first 1,250 redemptions.

RHB Bank

RHB credit cardholders can redeem a RM20 discount with a minimum purchase of RM150. This discount is only available for the first 200 redemptions.

Claim the voucher here
.

Standard Chartered Bank

Standard Chartered credit cardholders, too, can enjoy a RM20 discount with a minimum spend of RM150.

Just
claim the voucher here
, and use it between tomorrow to 9 July 2022.

UOB

Finally, UOB credit cardholders can get RM15 off when they spend RM150 on Lazada.

As usual,
collect the voucher here
.

***

As some of you may know, both Lazada and Shopee have different methods when it comes to how their bank vouchers work. For Lazada, once you claim the voucher it is yours to use at any time throughout the sale period – but it is quite challenging to collect them. On the other hand, it is really easy to claim the bank vouchers on Shopee – but that is because Shopee’s system does not track how many customers claim the vouchers, but instead on the actual redemptions. This means you should use the vouchers as quickly as possible before others fully redeem them.

If you are not yet a credit cardholder of any of the banks above, here is a list of the
best cashback credit cards for online shopping
 to get you started.

With that, happy shopping!

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Ramadhan credit card promotion round-up

With less than two weeks left on the clock to enjoy some

special Ramadhan credit card promotions; we selected a few that are worth

cramming into your schedule before they run out!

Scrumptious food deals

Silka Maytower

Hotel & Serviced Residences:
Exclusive for
 Public Bank Credit Cardmembers,
get 50% off on buffet dinner for

the last week of Ramadhan (that’s next week!). There is no prior reservation is

required but with a deal like this you may want to call up to make sure you get

a spot! Valid until 6 August 2013 at La Maison Restaurant, Silka Maytower Hotel

& Serviced Residences, 7, Jalan Munshi Abdullah, 50100 Kuala Lumpur (Tel

No. 603 2692 9298).

Palm

Terrace Coffee House, Holiday Villa Subang & Coffee House, Sunway Putra

Hotel KL:
 A deal for all
Standard

Chartered cardmembers
; score a 50% discount on the Ramadhan buffet offering

at the Palm Terrace Coffee House, Holiday Villa Subang from 5-7 August and a

25% discount on the Ramadhan buffet at the Coffee House, Sunway Putra Hotel, KL

(children get a 50% discount). The deal is also available to Standard Chartered

debit cardmembers.

Flavors

Restaurant, Swiss-Garden Hotel & Residences Kuala Lumpur: HSBC credit

cardmembers
get rewarded if they choose to
buka puasa
 at Flavors in groups of 4 diners. Pay for 3 and the

third person eats free at the International Ramadhan Bazaar Buffet Dinner. You

will be required to book for this one so call in advance at 03-21413333 ext

1190. Promotion is only valid with 3 full paying adult diners until 7 August

2013. Children below 5 eat free.

Various

hotel buffets: CIMB Bank cardmembers
will be spoilt for choice with a 20%

discount on Ramadhan buffets in more than 10 participating hotels. Hotels

include, The Westin, Hilton, The DoubleTree, The Dorsett Regency and Sheraton.

Hadramawt

Restaurants, KL:
If you are a
Bank

Islam cardmember
, simply print out the
RM20

voucher flyer
 to redeem at any Hadramawt restaurant with a minimum spend of

RM150 in a single receipt. Deal is valid until 31 August 2013.

Shopping deals for last minute bargain-hunting

The Visa

Raya Celebration at Suria KLCC
: ALL Visa cardholders can participate in

this shopping event at Suria KLCC until 11 August 2013. Get rewarded before and

after you shop. The promotion works in 3 ways: 1) get RM10 and RM50 vouchers

redeemable at participating stores before you shop at the Visa Gift Box

counter. Just flash your card at the counter to get your voucher (on a first

come first served basis – vouchers are capped at Visa’s discretion per day); 2)

get a bonus gift when you use your reward vouchers at selected merchants

(capped at 30 gifts per day – randomly distributed); and 3) Spend a minimum of

RM500 on your Visa card with maximum 2 receipts to redeem gifts such as iPod

shuffle, TGV movie tickets, exclusive kitchenware and more. Weekend giveaways

include Samsung smartphone, Samsung tablet, iPad 16GB, and Harrods hampers.

Aeon

Shopping Centres
: Having a credit card linked to a major retailer is sure

to give you deals. Aeon credit cardmembers are treated this Raya to 3 exclusive

promotions: 1) Get free duit raya packets with every purchase of RM120 in a

maximum of 2 receipts; 2) Cash vouchers worth RM10, RM20 and RM50 in randomly

mixed amounts will be given out to 30 lucky shoppers per day during the

promotion period who spend above RM400 in a single receipt; 3) Earn a 5% rebate

on cumulative spends exceeding RM500 during the campaign period (capped at RM50

per cardmember). However, there are
other

terms
, so do have a read before spending.

GNC and

Melvita stores
:
Public Bank credit

cardmembers
 can also take the opportunity to stock up on their required

health and beauty needs during the Ramadhan period as GNC and Melvita stores

are offering discounts at this time. Get 20% GNC branded non-sport items and 5%

off all Melvita regular priced merchandise.

Courts

Malaysia
: If you’re looking for a little home improvement and you are an
AmBank credit cardmember
; courts is

offering deals for you up until 6 September. Get instant savings of up to RM200

on bedding, electronics, dining and living essentials just by purchasing items

on a 0% easy payment plans (EPP) with your card. You can also redeem AmBonus

points on the spot for household items and electronics at lower point

redemption rates during the promotion season. EPPs can be taken for 12 or 24

months only with AmBank and AmIslamic credit cards. Check out the
full

details online
 before heading to your nearest Courts outlet.

The deals above are merely the

tip of the iceberg. Credit card companies are offering deals enough to fill the

yellow pages a few times over so just check with your bank for their full flier

of Ramadhan promotions.

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Prevent Your Bank Info From Being Stolen with These Tips!

How People Often Get Scammed

With bank scams getting increasingly sophisticated, almost anyone can become a victim and inadvertently leak important information.

Here are the common ways in which every day folk are tricked into divulging bank information to unscrupulous parties:

Phone calls
 from people purporting to be from your bank requesting information is one the usual methods of gaining information. Never give out bank details over the phone or through text, instead offer to pay the bank a visit or call and confirm the request personally.

Emails
 or
phishing emails
 are sent to bank customers to solicit sensitive information by either asking for it, redirecting you to a bogus site to collect your details or by installing software on your computer to steal login information or passwords. The nature of scam emails may sound rather urgent, prompting you to panic and act quickly. For instance, they might write that your bank account will be closed if you do not verify details through email, which rest assured, banks will NEVER do.

Fake charity requests
 are another way scam artists may attempt to gain information from you. They may appeal to your softer side and ask for your credit card or bank information so that they can charge your charitable contributions. Often the charity associations named are completely phoney, but some scammers are wise enough to “borrow” the names of prominent organizations.

These are just some of the ways that conmen may endeavour to get your information, you could just as easily give away essential bank details when you shop online on sham sites, by paying for
fake apps
 on your smartphone, and even through
social media
.

What To Do If You Think You Have Given Out Fraudulent Bank Details

It’s important to act fast if you feel you may have accidently exposed your details to a scammer. Be sure to call your bank immediately and inform them of this issue.

Check that you have received notification (often through email) that your report was logged and noted.

Proceed to submit a written notice to your bank, if no notification has been received; this will be further proof that you have acted swiftly, which should help later on if any compensation is due to you.

How to Keep Your Information Safe

The safety of your bank details lies in your hands, and there are plenty of things you can do to stay protected. Here are five safety tips to secure your bank information:

Be cautious about keeping your bank information on a drive whether physical or ‘on the cloud’ as cyber thieves can hack emails and online accounts to view sensitive information.

When shopping online, consider carefully before using unknown sites or payment gateways. It’s best to
stick with trusted sites
 and if you come across one you’ve never heard of – research it online first.

Secure your computer with reliable antivirus and antispyware software; some can even help steer you away from potential phishing attacks.

Monitor your statements regularly
 and keep an eye out for unusual charges, even small ones, as these could be ‘test transactions’ by scam artists. Don’t wait till the end of the month to check your statement, sign up for online banking for instant access to your statements.

Avoid sharing banks details
 with anyone else, even family members because they may unintentionally expose you to risk.

One way you can add an extra layer of protection to your bank account when you shop online is to use a credit card for payments; it will typically offer fraud protection that limits your liabilities. If you don’t have a credit card or are simply looking for a better one, do visit our
comparison page
 for help choosing.

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Desiree Nair

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Proton Enables E-Wallet Payments At Selected Outlets And Service Centres

Proton has announced that it is now accepting e-wallet payments at selected service centres and outlets, providing its customers with better convenience and peace of mind.

According to the car manufacturer, it has enabled several e-wallet payment options, namely Touch ‘n Go eWallet, GrabPay, Boost, and FavePay. They can be used to settle your payments for various transactions, such as vehicle servicing, spare part purchases, insurance renewals, and even down payments for a new vehicle.

With most of these being relatively hefty transactions, e-wallet payment options open up more opportunities to “double dip” on rewards by
using the right credit cards to reload the selected e-wallets
. What’s particularly interesting is the support for FavePay – since it is not considered an “e-wallet” by Maybank
and
the fact that FavePay supports Amex cards, you could be earning handsome cashback and rewards with the best Amex cards such as the Maybank Amex Reserve, the Amex Platinum, or even the Maybank 2 Gold/Platinum Amex.

In its announcement, Proton did not mention which service centres and outlets currently support e-wallet payments – its
website
 also does not have the info, so be sure to check with your preferred outlet before heading there.

(Source:
Proton (Facebook)
)

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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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Finance Minister: Banks To Decide On Targeted Moratorium Extension

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has commented that banks will have the final say in extending the ongoing loan moratoriums, and if they would be done in a targeted manner.

Tengku Zafrul said that the government will reach out to banks about extending the six-month moratorium on loans and financing repayments when it ends in September, but the banks will not be forced to agree to it. He also acknowledged that there were a lot of requests for an extension from those who need more time to repay their loans, and opined that banks could consider offering targeted extensions instead.

“But in my personal view, we ought to help the people who need help. The current moratorium is helping everyone. Going forward, I think the best way is we focus on the targeted groups who need help,” said Tengku Zafrul, adding that each borrower could be reviewed on a case-by-case basis. His remarks came after Maybank announced last Friday that it will not be extending the current automatic moratorium period when it ends in another three months.

(Image: The Edge Markets)

Aside from that, Tengku Zafrul also urged the Malaysian public to approach their banks early if they feel that they need to reschedule or restructure their loan repayments after the moratorium. “Especially those who have lost their jobs and have their pay reduced, please see your bank now and restructure (your loan),” he advised.

Tengku Zafrul further stated that the
Credit Counselling And Debt Management Agency (AKPK)
 has already started engaging with borrowers to offer their assistance for the post-moratorium period. The agency’s aid includes financial counselling and rescheduling services for those who are struggling to repay their loans.

The current moratorium, which began in April, was announced by Bank Negara Malaysia (BNM) in a bid to help individuals, small and medium-sized enterprises (SMEs), and corporations to weather through the impact of the Covid-19 pandemic. The deferment was
automatically applied
 to most loans, except for
hire purchase loans and fixed-rate Islamic financing
.

(Sources:
The Malaysian Reserve
,
The Edge Markets
)

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Tengku Datuk Seri Zafrul Abdul Aziz

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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A Mother’s Day Treat From AmBank

This May AmBank is treating all mothers and daughters to a
special offer
 on their savings. Starting on 6 May 2013 new and existing female customers who invest in a Fixed Deposit or Am50Plus for 9 months are entitled to a promotional interest/expected profit rate of 3.55% p.a.

The minimum deposit amount for new individual customers is RM20,000 while existing AmBank customers who are maintaining an AmBank or AmIslamic Bank Retail Deposit account(s) are required to deposit a minimum of RM10,000 to the new fixed deposit account for 9 months.

In addition new AmBank credit cardholders who recently had their cards approved by 31 May 2013 will be subject to an additional 0.10% p.a. above the promotional rate to 3.65% p.a. However in order to qualify for the bonus interest rate customers must spend a minimum of RM350 for Gold Cards and a minimum of RM500 for Visa Signature and Platinum cards within 2 months of the card’s approval date.

Please note that the promotional interest rate is only valid for one fixed deposit cycle. For further details please refer to the promotion
Terms & Conditions
. Promotion ends on 31 May 2013.

Thinking of getting an AmBank credit card to benefit from this promotion? Find the right one for you on
RinggitPlus.com

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Weighing Less Than 1kg - The Fujitsu UH-X Packs A Punch

With the rise of digital transformation and innovative technologies, the modern professionals of today have the ability to work from anywhere in the world, whether at home, in the office or from their favourite cafe in the city.

All that is required to work remotely is a reliable laptop and a stable internet connection. That being said, the on-the-go modern professional’s laptop has to be lightweight, powerful and durable, for both work and play.

Which is why the minimally compact yet dynamic, Fujitsu UH-X checks all these boxes and even more, to match the modern lifestyles of today.

As one of the lightest business laptops and power packed with innovative features and functions for your day to day work day, the Fujitsu UH-X is especially designed to be the ideal working companion. It’s available from RM4,199 at participating partner stores:

Gloo

Thundermatch

To learn more about the Fujitsu UH-X, head to their
 Facebook page
 for more information.

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Katrina Balan Quiroz

Katrina Balan Quiroz

Copywriter. Katrina is fueled by a need to turn a confusing wall of text into something comprehensible, and drip coffee.

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    Vallathan

    2 years ago

How much price and how much gb(ram)?

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    lancehead

    2 years ago

what’s the price like?

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Go Green with Maybank

In an effort to do a little more to preserve our environment for future generations, Maybank has devised some interesting tools to encourage you to do your part with their
m2u loves the earth
 campaign.

Here’s a peek at what this new section on their website offers:

Tips:
on how you can make environmentally friendly decisions when banking.

A Green Quiz:
 Think you are Mother Earth’s golden child? Take the quiz to find out where you stand in the environmentally friendly stakes.

Happenings:
As a promoter of greener habits, Maybank also organises events for staff members with regards to environmental conservation.

M2U Green Calculator:
 This handy online calculator allows you to track how much you can actually save when you switch to paying your bills online and essentially go ‘paperless’.

caption: an example of what the calculator can do

Maybank2u has collaborated with several local non-profit environment organisation with links to their activities. If you’d like to donate to their cause, there’s a how-to at the bottom of the section page on Maybank2u. To check out more on this initiative, just click
here
 to do your part.

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Things You Didn’t Know Can Help Reduce Your Credit Card Payment

The joys of swiping your credit card can come to a screeching halt when the statement arrives, and often, the numbers stated at the end of the statement would send shivers down our spine.

But as alarming as the numbers may be, there are many ways for you to reduce your credit card payments whether on a monthly or one-off basis. Some are well-known, such as requesting for a waiver on your credit card’s annual fee.

Some are lesser-known, but might prove to significantly trim your credit card payments down. Here’s a list of credit card payment reduction methods few would know!

Negotiate Lower Interest Rates

Did you know that you can ask the bank to lower your credit card’s interest rate? Banks are often accommodating to good paymasters, so if you ask politely, they might just knock a couple percentage points off your prevailing rate.

Those who have held a credit card for twelve months or more are typically better positioned to secure lower interest rates. In addition, know that staying loyal to a certain card and bank could sway them towards lowering your interest rates.

Bear in mind that lower interest rates are often contingent on certain terms, such as not exceeding credit limits or missing payment due dates. Some banks don’t offer this on a permanent basis, but rather allow it for a certain number of months to help you cope with your finances.

Also, be prepared with a good reason to justify your request; talk about a lower interest rate offer you might have received from another credit card provider, and if they would be willing to match it to keep you loyal to them.

Request Waivers and Discounts

Additional fees on top of your principal charges and interest rates can add up significantly over time. Again, if you are in good standing, you might be able to persuade your bank to reverse or give you discounts on certain charges.

You can appeal for reductions or waivers on annual fees, late charges, handling fees (on balance transfers), cash advance charges, as well as foreign transaction fees. You can make these requests in accordance to your needs, but keep in mind that not all banks will be willing or able to comply with your requests.

Moreover, some fees are easier to negotiate than others– late charges for instance, may be waived especially if it isn’t a recurring offense, while handling fees on balance transfers could be adjusted for large transfers.

Read also:

Should You Pay Off Your PTPTN Debt With Your EPF Money?

Enter A Repayment Plan

As long as you’re willing to pay off your credit card debt, the banks will try their best to accommodate your repayment affordability. If you find yourself strapped for cash and struggling to meet your credit card’s monthly minimum payment, contact your bank and request to have your account put in a repayment plan.

Once you’re in a repayment plan, your credit card facility will be shut down, and your outstanding balance will be converted into a fixed monthly repayment plan, which you’ll need to adhere to. At this point, you can also request the bank to lower your interest rate to enable you to pay off the debt faster.

Request A Discount On Your Total Interest Charges

Sometimes you may have just enough cash to pay off your credit card debt, but not the accumulated interest charges. Should this be the case, offer to pay off the total credit card debt in return for a decrease in your total interest charges.

Banks will usually consider – and in some cases, offer you – a discount on your total interest charges in return for a lump sum payment.

Of course, the amount of discount is subject to their discretion, but it’ll still be a big help to ease your finances.

Here are some key points to remember:

Don’t be afraid to ask for better rates and terms. Your chances of successfully lowering interests and other chargeable fees go up when you are a good paymaster.

Late payment charges may be waived if you often pay your bills on time.

Consider getting a new card that offers better rates or a zero-interest balance transfer program to help reduce your debt.

Last but not least, get credit cards that offer the most favourable terms and rates. We’ve compiled all the best credit cards in Malaysia on one awesome
comparison page
, have a look and discover the best card for your needs!

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Desiree Nair

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Alliance Bank Enables Digital Account Opening With New Mobile Banking Solution

Alliance Bank has introduced its new digital instant banking solution, allowing customers to remotely open a savings account or apply for a credit card or loan through its mobile banking app. With this digital banking service, customers no longer need to visit a branch to carry out these banking transactions.

“Due to the current situation, we have seen a rapid adoption of digital channels by consumers who prefer to minimise physical exposure for safety reasons,” said Joel Kornreich, group CEO of Alliance Bank Malaysia Berhad. A survey conducted by the bank found that 60% of customers were less inclined to visit the branch due to the Covid-19 pandemic. Two-thirds of customers preferred using online channels for account opening.

“We fully empathise with this, and the instant digital account opening service and application for credit facility such as credit card and personal loan are examples of quickly responding to our customers’ needs,” continued Kornreich. “These services provide customers with options, flexibility, and convenience. We leverage on digitisation to bring about improved customer experience, one that is faster and more responsive.”

However, Alliance Bank also recognises that not all customers are comfortable completing digital applications on their own. Therefore, customers can request for remote assistance within the app during the digital account opening or application process. According to Kornreich, Alliance Bank has been upskilling its service staff to enable them to help customers who need the additional assistance.

The solution by Alliance Bank is powered by
Know Your Customer (e-KYC)
 technology in partnership with CTOS Data Systems. “Alliance Bank has been a very strategic customer of CTOS over many years and we are very pleased to play a part in their digital transformation by providing our digital offerings,” said Dennis Martin, group CEO of CTOS Digital. He added that CTOS’ e-KYC solution is the gold standard in digital identity verification.

The first 200 customers to
sign up
 to experience Alliance Bank’s new digital application journey will be offered special interest rates and cashback on their savings account, credit card, or personal loan. Otherwise, the allianceonline mobile app is available for download on the
App Store
 or
Google Play
.

Earlier last month,
Hong Leong Bank
 also enabled a fully digital account onboarding process, called Apply@HLB.

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Jacie Tan

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Experts Warn Tiered EPF Dividend Structure May Bring More Harm Than Good

(Image: Bernama)

Economic experts have warned that any move to introduce a tiered dividend structure for Employees Provident Fund (EPF) savings will not sit well with members who earn high incomes, and may result in long-term repercussions to the fund itself.

In recent times, a few parties from politicians to analysts have proposed a tiered dividend structure for EPF members to solve the issue of low savings among many EPF members. The tiered structure will see a higher rate paid to those with lower balances and a lower rate to those with higher balances in their EPF accounts. This effectively translates to a higher effective dividend rate to lower-income earners with less savings in their EPF accounts, and a lower rate to higher-income earners.

Prof Dr Sufian Jusoh (Image: CARI ASEAN Research & Advocacy)

According to the director of the Institute of Malaysian and International Studies at Universiti Kebangsaan Malaysia, Sufian Jusoh, such a move will be unfair to the high-wage earners, who should not be made to bear the burden of increasing the savings of the B40 and lower M40 groups. After all, it is the government’s responsibility to do so. He also said that this will lead to high-income earners withdrawing their EPF savings, which will then affect the EPF’s investments. To note, the top 0.3% of EPF members’ savings is equivalent to the bottom 65% of members in 2020 – which highlights the liquidity impact the EPF faces if tiered dividends are introduced.

Aside from that, Sufian also commented that the government should put an end to special EPF withdrawals, as future retirees will not have enough savings to last through their retirement. If allowed to deteriorate, the situation may eventually require the government to provide regular assistance to retirees in the future, turning the country into a welfare state.

“This also means the government will be forced to increase taxes while salaries in Malaysia are still relatively low. When this happens, investors may shy away and I dread to think what will happen to the economy,” Sufian added.

To date, the EPF has allowed four special Covid-19-related withdrawal facilities to assist its members who were struggling financially:
i-Lestari
 and
i-Sinar
, which were both introduced in 2020,
i-Citra
 in 2021, and the latest
RM10,000 withdrawal facility
, which was announced earlier this week.

(Image: The Sun daily)

Another expert – a former EPF economist who requested anonymity – also echoed Sufian’s views, saying that high-income contributors will look for better investment opportunities elsewhere if the tiered dividend structure is introduced. “If this happens, the result is a no-brainer actually,” he said, adding that EPF data shows that 10% of members have about RM356 billion in collective savings – which is equivalent to 40% of the fund.

The economist also pointed out that in 2021, the EPF withdrawals had exceeded the contributions for the first time in 20 years. “The board also had to bring back RM20 billion of its investments abroad last year to help with its liquidity,” he added.

Ultimately, both experts proposed that the EPF and authorities need to be more careful and creative in planning their strategies moving forward.

(Source:
Free Malaysia Today
)

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    Cw chong

    1 year ago

Increase the rate of contributions and cut MPs salary by 10% to contribute into epf accounts each month for the next 5 years.

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How To Claim Income Tax Reliefs For Your Insurance Premiums

There are quite a few types of tax reliefs that you can claim to reduce your chargeable income and thus pay less in taxes, and some of the biggest reliefs you can get are from any insurance policies that you may own.

If this is your first time filing your taxes, claiming for your insurance premiums is not as straight forward as putting the total premium you pay for your policy each year. The premium is broken down into a few charges, such as Life, Medical, and Others. It is important that you make the proper claims for income tax relief when filing your tax returns in Malaysia, because you may end up overstating the amount in your tax filing and risk being penalised for this error.

In this article, we will walk you through claiming tax reliefs for your insurance payments. More precisely, we will help you identify what to look out for in your annual insurance statements, as well as how exactly to claim for tax reliefs for your insurance in your income tax returns form (ITRF).

What are the income tax reliefs offered for insurance?

When it comes to insurance policies, these are the claimable tax reliefs offered for Malaysia personal income tax:

Malaysia Income Tax Relief
Claim Allowed
Life insurance and EPF
– Up to RM7,000 for life insurance (public servants with no self contributions to EPF)
– Up to RM3,000 for life insurance and up to RM4,000 for EPF (private sector employees and public servants with self contributions to EPF)
Education and medical insurance
Up to RM3,000 for self, spouse, or child
Private retirement scheme (PRS) and deferred annuity
Up to RM3,000

What is an annual insurance statement?

Your annual insurance statement, also sometimes called an annual premium statement, is a document that lists out your insurance plans with that particular insurer, the amount of premium paid for that year, and the types of coverage you are entitled to. These details will be vital in helping you claim your insurance tax reliefs.

Here is how a typical annual insurance statement would look like:

Example for AIA

Example for Great Eastern

How to read your annual insurance statement for tax relief claims

For the purposes of income tax relief claims, you will need to depend on your annual insurance statement to know how much you are entitled to claim for. Most insurers already make this quite easy for you, as the statement will break down the amount you can claim under Life, Medical, Critical Illness (also sometimes referred to as “Medical/Life”), and others.

Your different types of insurance or coverage will need to be properly sorted out and claimed accordingly under the different types of income tax relief available for insurance. Here’s a table to help you match your insurance types to the right category:

Claim under
Types of Insurance/Coverage
Life insurance premium
Life

100% of premium claimable

Disability

100% of premium claimable

Life/Education
100% of premium claimable (*Alternatively, claim under “Education and medical insurance” if your nominee is a child)
Education and medical insurance
Education

100% of premium claimable

Medical

100% of premium claimable

Critical Illness

60% of premium claimable (*Alternatively, claim 100% under “Life insurance premium” if your critical illness insurance is attached to your life insurance)
Private retirement scheme (PRS) and deferred annuity
Annuity/Deferred Annuity

100% of premium claimable

Do note that premiums paid for accidental and waiver riders are not eligible for tax reliefs.

Filling in your income tax

In your online tax filing form (under the “Relief” section), here’s where you should enter the corresponding amounts in your premium statements – we’ve highlighted the relevant items in red:

Examples

To illustrate how you should calculate your insurance tax reliefs, here’s a scenario: let’s say an individual has three insurance plans with AIA that includes a few types of coverage. Here are his annual insurance statements:

In the example above, the statement expressly states the amount of premium paid for each coverage type. From here, it’s as simple as adding up the amount for each coverage type. Note that for Critical Illness, the individual can either claim 60% of that amount under Education & Medical Insurance, or 100% of it under Life Insurance. Play around with the figures: the aim here is to maximise claims from both Life Insurance and Education & Medical Insurance since they are two separate allocations.

Based on the three statements provided above, here’s how the calculation for tax relief claims will look like:

Life insurance premium
Education and medical insurance
PRS and deferred annuity
Statement 1
1,321.47
–
–
Statement 2
981.99
2,018.01
–
Statement 3
1,565.10
140.94
(60% x 234.90)
–
Total
3,868.56
2,158.95
–

In other words, the individual is actually entitled to claim RM3,868.56 under Life insurance and RM2,158.95 under Education & Medical insurance. However, the Inland Revenue Board (LHDN) has specified that an individual can only claim a maximum of RM3,000 for Life insurance (for non-public servant) as well as RM4,000 for Education & Medical insurance, respectively.

Since the RM3,000 Life insurance allocation has been maxed out, it makes more sense to claim the remaining Critical Illness insurance under Education & Medical insurance, even if the individual can only claim 60% of the amount.

As such, the final insurance tax reliefs will ultimately look like this:

As mentioned earlier, some insurers provide annual insurance statements that have been prepared especially for income tax relief claims, where the premiums are already itemised to easily show how much you can claim for each relief. If that is the case, then all you need to do is to input the figures provided in your statement into your income tax return form – no need for calculations!

***

By protecting yourself and your loved ones with your insurance plans, you also reduce your total taxable income (and hence paying less income tax overall). This is actually one of the many ways the Malaysian government is encouraging Malaysians to be insured.

Hopefully, this will help you better understand how to claim your insurance tax reliefs. If you have any other questions about filing your tax income, do check out our
Income Tax
 page, or start with any of these articles below:

How To File Your Taxes For The First Time

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

Malaysia Personal Income Tax Guide 2023 (YA 2022)

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

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

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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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    Sandeve

    3 years ago

My daughter is 25 years old, still unemployed and son 21 years old , student at a university.

I have been paying for their insurance for the past 15 years and am still paying those premiums.

Can I claim for those premiums, some are life, some education/ life/ medical?

Thank you

225

Reply

    Oliver

    3 years ago

Thanks for the info.

Someone know if I can deduct Medical Insurance Premiums paid in another country ?

Thx

Olivier

44

Reply

    Lily

    3 years ago

Can CLTA/MRTA insurance claimable under Tax Relief since it’s similar to Life Insurance for Death/TPD?

71

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    Kim Sean

    2 years ago

On joint assessment with wife earning and husband retired (no income), can wife claim tax relief for husband’s life premium and children’s life and medical premiums up to her limit?

24

Reply

    David Yap

    2 years ago

I noticed Critical illness is only eligible to claim 60% (60% x 234.90=140.94) under Education and Medical insurance. Since 100% of the Critical Illness premium paid is eligible for life insurance tax relief, assuming I only have one policy, can I add the balance of premium paid for Critical Illness (234.90-140.94=93.96) to my life insurance premium of RM1,565.10 to make it RM1,659.06 and claim the amount RM1,659.06 under life insurance tax relief please? Thank you.

41

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    Lim

    2 years ago

Ex-wife of my partner is asking for children’s insurance premium statements for 2019 as LHDN AUDIT unit requires them. Can she claim relief when she didn’t even pay a cent for the children’s insurance?

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    Anonymous

    1 year ago

good day….. juat want to know whether can i claim for tax relief if i bought endownment plan. thank you

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    Pang Tun Yau

    1 year ago

    Reply to

        Anonymous

You should check the plan’s annual statement to see which portion of the premium paid is tax deductible.

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    bclim

    6 months ago

Can we still submit for tax relief on the insurance premiums  (life or medical) paid in year 2020 & 2021 which were not reported in thier respective year ?

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UOB Debit Cards Take You to the Movies

Pay with your UOB debit card for a one movie ticket at participating GSC outlets between Monday and Wednesday to get a second ticket free for the same movie.

For twin seats, cardmembers would have to purchase one twin seat ticket to get the other free. There are 10,000 tickets to be given away and will be given on a first-come-first-served basis.

Offer is only applicable for adult tickets, not including child, student or senior citizen discounted tickets. Cardmember is eligible for only one free ticket per transaction no matter how many tickets are purchased. Applicable for all movie tickets in all classes but free ticket must be the same value as the purchased ticket.

Offer valid until 15 July 2013 or while stocks last.

For more information, check out the
terms and conditions
.

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The LG Styler™, Premium Anti-Bacterial Clothing Steamer Made To Care For Your Family

Start your day right and bright, with a fresh set of your favourite outfit every morning – because you’ll be amazed at how clean, crisp, and wrinkle-free clothes can set your mood for the day. If this makes up your ideal morning, imagine sharing this delight with all your family members, especially today when hygiene care has been on the top of our minds thanks to the pandemic.

As the movement restriction gradually relaxes and us moving forward with the new normal – what remains for sure is the importance of hygiene care. But besides maintaining social distancing, wearing masks, and washing our hands or using hand sanitiser often, there is also the need to be mindful about what we’re bringing home from the outside that is invisible to the human eyes.

But hygiene care for you and your family everyday doesn’t have to be a hassle or mundane when you have LG Styler™, a premium steam clothing care that is suitable for all types of clothes, for every personality of your family members.

Here’s how you and your family can benefit from owning an LG Styler™.

It Eliminates 99.9*% Viruses, Bacteria, And Allergens

Powered by its proprietary innovation, the TrueSteam™ technology – LG Styler™ releases low-temperature steam, yet effective enough to kill 99.9*% of viruses, bacteria, and even allergens that could have gotten onto your clothing when you’re out of the home.

And it doesn’t stop at just sanitising your clothing, as the LG Styler™ can also sanitise your everyday items such as reusable face masks and your superbike’s helmet, or bigger household items that are difficult to wash such as your beddings and soft toys belonging to your little ones. As long as it’s made of fabric, there’s really no limit to what  LG Styler™ can sanitise, providing relief especially if you are a homemaker.

Besides that, the LG Styler™ can also act as a dehumidifier**, capable of extracting up to 10L of water every 24 hours.

*Tested and certified by British Allergy Foundation (BAF), Verband Deutscher Elektrotechniker (VDE), Jeonbuk/Chungnam National University, and Intertek

**Not applicable to all countries

You Only Need One LG Styler™ For All Types Of Fabrics, Whatever Your Style Is

Say goodbye to the dry cleaner or any special laundrette service because LG Styler™ TrueSteam™ technology is gentle enough to steam any type of clothing – even your cool biker jacket, sophisticated business suit, or rugged mountain climbing windbreaker. Its low-temperature steam is gentle on all types of fabrics, protecting your precious fashion piece from any damage by high heat.

Furthermore, on the inside of LG Styler™, its moving hanger slides back and forth allowing for an even steaming process to soften any wrinkles and remove unpleasant odours.

This way, LG Styler™ allows you to care for your clothes personally at home, giving you both the convenience and peace of mind everytime you need to get your favourite one cleaned with specific instructions. Besides that, what’s more important is that you will know for sure that your clothes will come out clean, crisp, and fresh with every steam.

An Eco-Friendly, Hygiene Care For The Entire Family

Especially if you have young ones at home, TrueSteam™ technology operates
only with water
 so you can be rest assure that your clothing stays pristine without any long-term deterioration. There is also
 no chemical used
, so it is safe even for your little ones.

And besides that, TrueSteam™ is also powered by an Inverter Heat Pump Compressor, a pump system that
uses less energy to dry your clothes
 and thus suitable for regular use. You’ll also be glad to know that the pump compressor does come with a 10-year warranty so you can depend on LG Styler™ at ease.

But what about the maintenance? You might wonder.

LG Styler™ comes with a detachable water container which gives you easy access to fill and drain the water needed in order for the TrueSteam™ technology to work. So no hassle, just convenience.

Easily Monitor And Control Your LG Styler™ At Your Fingertips

LG also understands that you may not want to hang around waiting for your clothes to be done. So as a brand that’s dedicated to making life good for you, LG Styler™ is connected to LG ThinQ™ app that allows you to monitor and control your LG Styler™ remotely.

This way, you can leave your LG Styler™ to work while you focus on the next important thing you got on your to-do list. Most importantly, you can also conveniently download additional “cycles” or steaming settings for different fabric types in your wardrobe.

***

The LG Styler™ could be the one additional home appliance that fits both your family needs and also into your home just right. Not only that it gives you and your family peace of mind when it comes to hygiene care, but it also helps save your time and money spent visiting a special cleaning service in the long run.

Available in two design variations – mirror and white, LG Styler™ is sleek in design and can easily complement your modern home interior.
Visit LG Styler™’s website
 to find out more about this premium anti-bacterial steam clothing care today.

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    Lynn

    2 years ago

How much is it

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Spending expected to increase during year-end sales

We’re still in the middle of October, but once November rolls round the year-end sales will be kicking off. With Christmas and Chinese New Year to look forward to in the months ahead
retail spending is expected to go up right until January
.

While the year-end sales will likely raise more growth in the retail industry, the Malaysian Association for Shopping and Highrise Complex Management past president Richard Chan is a little cautious as he’s unsure if the retail industry could grow as much in the current quarter as it did in the corresponding period in 2012.

“I don’t know if sales in this quarter will surpass sales achieved last year. If we can at least maintain the growth, it would be fantastic,” he said.

An analyst was also being cautious, but still pretty optimistic. The analyst claims that as the year-end is also when employees get their bonuses, this is the best period for malls to have sales. This will definitely mitigate the many issues Malaysians are currently facing after price hike in petrol, where the
prices of flour and sugar are expected to rise
 and the prospect of
GST being imposed in the 2015
.

If all that bad news is bringing you down, then the sales may be just what you need to lift your spirits up during the festive seasons!

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Michelle Brohier

Michelle Brohier

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Amazon Singapore Offers Free Shipping For Selected Items To Malaysia

Amazon Singapore (Amazon SG) is currently running a promotion that offers international free shipping to Malaysia, applicable for the purchase of selected items with a minimum cumulative spend of SG$40 (approximately RM129).

On its FAQ page, Amazon SG explained that to tap into the offer, you’ll first need to set your delivery address on its website to Malaysia. After that, you’ll be able to see a “FREE Delivery” label on the detail page of items that are eligible for the promotion. Note that only items with this label will qualify you for the free shipping promotion; if you were to add an item without the label, then your existing cart will not qualify for it.

Amazon SG also shared that you can fulfill the SG$40 minimum spend requirement by purchasing one or more eligible items. Once your shopping cart meets the minimum required amount, the “FREE International Standard Delivery” option will be automatically selected at checkout.

As you make your purchases, do also take care to double check whether your items are shipped and sold by Amazon SG or Amazon US. This is because you cannot combine items from both marketplaces in a single order to hit the minimum cumulative spend of SG$40. Instead, you must meet the SG$40 threshold for items from Amazon SG and Amazon US separately if you plan to purchase from both marketplaces and enjoy the free shipping promotion.

For a more convenient shopping experience, Malaysian customers can also select to view the price of their items in Malaysian ringgit, so that they do not need to reach for a currency converter to calculate their costs. This capability was introduced back in
2018
, when Amazon first enabled its international shopping feature. Note, though, that the prices displayed are only an estimated conversion; the actual amount that will be charged at checkout will still be in the SGD currency.

If you’re keen to tap into this rare offer – especially since Amazon does not have a presence in Malaysia – do hurry and make your purchases soon! While Amazon did not specify an end date to this promotion, it did state that it can change or discontinue this offer at any time. It further noted that any changes to the promotion will be published on its platform, so make sure to check in every now and then.

(Sources: Amazon Singapore [
1
,
2
],
Lowyat.NET
)

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Nur Adilah Ramli

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SC: Financial Education & Planning More Important Than Ever For Financial Security

(Image: New Straits Times)

Securities Commission Malaysia (SC) chairman Datuk Seri Dr Awang Adek Hussin has stressed the increasing importance of financial education and better financial planning, especially in helping Malaysians to safeguard their financial future. This is amidst current challenges faced by global economies, including geopolitical conflicts, sanctions, and rising inflationary pressures.

Among other concerns, Datuk Seri Dr Awang Adek pointed out that retirement security has long been a pressing issue in Malaysia – even well before the Covid-19 pandemic.

“Unfortunately, Covid-19 has exacerbated the problem. The permitted special withdrawals from Employees Provident Fund (EPF) savings to smooth over the members’ cash flow needs have left more people with inadequate retirement savings,” Datuk Seri Dr Awang Adek further said, referring to previous Covid-19-related withdrawal facilities, namely
i-Lestari
,
i-Sinar
,
i-Citra
, and the latest
special withdrawal facility
.

(Image: The Star/Faihan Ghani)

Datuk Seri Dr Awang Adek also remarked that while many Malaysians may seem to enjoy financial security at present, it is crucial that they also prepare themselves against future financial challenges. Combined with the fact that investors may face difficulties in selecting the right financial plan for themselves due to the multitude of instruments currently available, Malaysia needs to grow and attract more talent to the financial planning industry to provide quality services for the people.

“Making a choice [from the various financial instruments] may increase the risks as it does opportunity. It should come as no surprise that investors are increasingly seeking expert advice to help them meet their financial needs,” Datuk Seri Dr Awang added.

Additionally, Datuk Seri Dr Awang Adek noted the encouraging profitability of the financial planning industry, including corporate unit trust advisory services. This is evident from the high distribution of unit trust funds in the country, which has recorded a three-year average total sales of RM1.1 billion.

(Image: Bernama)

“This has undoubtedly improved the financial situation of many Malaysians. However, I believe that this growth is also being propelled by the increasing complexity of financial products, and the public’s desire for assistance in dealing with this complexity,” Datuk Seri Dr Awang Adek further said, adding that the number of financial planning firms in the country has risen by 42% to 44 firms since 2015. The number of licensed financial representatives has also increased by 145%, from 567 individuals in 2015 to almost 1,400 individuals today.

Finally, Datuk Seri Dr Awang Adek shared that the SC will be joining hands with industry players to carry out various initiatives to bring quality financial planning services to more Malaysians. These include an ongoing industry apprenticeship programme that provides participants with practical experience in financial planning, as well as career fairs that seek to promote financial planning as a professional career.

(Sources:
The Edge Markets
,
Securities Commission Malaysia
)

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i-Citra

i-Lestari

i-Lestari Withdrawal Scheme

i-Sinar

i-Sinar Withdrawal Scheme

Retirement Planning

Retirement Security

Securities Commission Malaysia

Special EPF Withdrawal

Special Withdrawal Facility

About THE AUTHOR

Nur Adilah Ramli

Nur Adilah Ramli

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Survey: Three Out Of Ten Malaysians Had To Borrow Money For Essential Goods

A survey conducted by The Debt Management and Counselling Agency (AKPK) revealed that three out of ten working adults had to borrow money to buy essential goods in the past six months. The troubling statistic, which was revealed during AKPK’s inaugural Financial Literacy Symposium 2018. was accompanied by another finding that one out of five Malaysians didn’t manage to save money in the last six months.

The survey involved more than 3,500 working Malaysians between the age of 20-60 years old from the period of January to July 2018. The cost of living was found to be a main reason behind the inability for many Malaysians’ inability to save money.

“As shown by the survey, the financial well-being of the respondents was at dismal levels. Many do not set aside money for emergency needs and medical expenses, and they would not be able to cover three months expenses if retrenched,” said AKPK CEO Azaddin Ngah Tasir.

Azaddin also added that some people managed to save but only a minimal level of 5-10% of their monthly income. He added that consumers who don’t keep tabs on their personal finances would continue to suffer financially in the long run.

(Source:
The Star
)

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6 Reasons To Set Up Your Industrial Plant At KTIP

Poised to become a fully integrated bio-economy centre in Malaysia’s East Coast

As the global economy resumes to recover from the pandemic, businesses continue to seek new ways to innovate and grow. This may mean realigning investment strategies or taking a completely new approach in the way they do business. For heavy industries such as Oil & Gas, Clean & Renewable Energy, Petrochemical, and Electrical & Electronic Energy, perhaps having a plant that’s more in sync with business requirements and goals may play an imperative role in achieving greater success.

For investors looking to be part of a growing and promising heavy industries hub, Kertih Terengganu Industrial Park (KTIP) should definitely be one to consider. KTIP is a heavy industrial land consisting of 1,007 acres on 99-year leasehold land. A joint venture between Terengganu Inc, TI Properties Sdn Bhd and Retro Court Sdn Bhd, KTIP is set to become a fully integrated bio-economy hub for biopolymer and bio-based chemical products with vast potential.

KTIP is catered for all kinds of heavy industries

Investors who choose to set up their operations in KTIP will enjoy many benefits, including the 6 listed below:

1. A Fast Track Committee To Expedite Approvals

KTIP consist of 1,007 acres with a land tenure leasehold of 99 years

One of the issues commonly faced by investors during the establishment of a new industrial plant is obtaining approval from local authorities. When applications take a long to approve, it may disrupt the operational schedule prepared for the project and cause unwanted delays to the business.

In tackling this issue, the Terengganu State Government will create a “fast track” committee to assist investors with approval requests. The committee will monitor all applications as well as provide assistance as required to ensure projects are executed on time, hence taking the burden off the investor’s shoulders.

2. Savings Through Incentives & More

Tax incentives are offered to investors

The East Coast region is supported by the Federal and State governments to enhance development and transformation under the East Coast Economic Region Development Council (ECERDC). In line with this, investors are offered various generous tax incentives to set up their industrial plants in KTIP. These savings could offset any cost incurred when setting up and instead be repurposed for R&D or reinvested in different areas of the business.

On top of that, the cost to set up in KTIP is priced competitively, both in terms of land and labour. When compared to its west coast counterparts, it proves to be more affordable to be based in this region, which further drives savings for investors.

3. Ideal Geolocation & Accessibility

KTIP’s strategic location provides easy access and connectivity

For businesses looking for international growth, KTIP may be the ideal place to set up in. Its position extends to the Asia-Paciﬁc, European, American, and Far East markets, which means expanding horizons beyond the region is definitely within reach.

Connected by Land, Air and Sea

Besides that, when operating from KTIP, investors can also benefit from the upcoming double-track railway link infrastructure. The East Coast Rail Link (ECRL) will link the East Coast to Port Klang while passing through other states – making it convenient for passengers and goods to travel to and fro both ends.

KTIP also maintains easy access to all main roads and highways, including those that lead to airports. The highly integrated road connectivity will be able to accommodate the transportation of bulk goods to meet every business’s expectations. Another key accessibility is that Kertih Port is only located 6KM away from KTIP, which means access to the seaport is very convenient. Therefore, whether goods that need to be transported are packed in secure drums or highly durable vessels, KTIP’s accessibility to land, sea, and air transport should not pose any major issues.

4. Flexibility & Scalability

Investors are offered flexibility and the option to scale

Sprawling over 1,007 acres, KTIP offers investors the opportunity to construct a factory or plant design that suits their business with room for expansion in the future. In fact, investors can tailor the size of their take-up land to their liking as those that choose to set up in KTIP are able to customise the size and shape of the land they wish to secure.

This not only reduces the possibility of land wastage but also provides customisability and optimised space for each business. If expansion is highly likely in the near future, having land that can be tailored to those plans might be very helpful, as moving an already established factory or plant involves a lot of costs, labour, and procedures.

5. Skilled Talent & Labour Pool

A pool of skilled and trained labour is available

Besides having a location that makes business operations more convenient, KTIP also offers a pool of multilingual talent and workers. Not only are they equipped with relevant knowledge, but they are trained and upskilled by the Asia Center of Excellence of Smart Technologies (ACES) through Industry 4.0 programmes.

This would be convenient for investors looking to hit the ground running as soon as they set up their industrial plant in KTIP, especially because relocating workers and finding suitable candidates might take up valuable time that could otherwise be used for productivity. The state government assures a highly-skilled workforce to ensure Terengganu’s O&G industry area remains the preferred location for investors.

6. MGB Helps Bring Your Dream Industrial Hub To Life

MGB can build a space that aligns with the business

Another reason to consider setting up in KTIP is the opportunity to materialise your plant’s build with MGB. Instead of having exact replicas of facades and buildings, MGB can help create the industrial hub that investors have envisioned for their businesses. Investors can submit development plans that are aligned to their outlook, and once the building plan has gotten approval, construction will then commence. This provides investors with the room to create a space that is uniquely theirs.

***

Setting up a new factory or industrial facility is not as simple as many would like it to be.  It involves a lot of considerations such as cost, location, features, and accessibilities, just to name a few. However, being based in KTIP allows businesses to be part of a growing, fully-integrated hub with potential development opportunities.

KTIP’s ideal location makes business operations seamless regardless if goods need to be transported in or out, via land, air, or sea. Besides that, investors will enjoy tax incentives, the flexibility of customising their own plant, access to a skilled workforce, as well as the chance to build a plant that complements the business.

If you’re interested in setting up your operations in Kertih Terengganu Industrial Park (KTIP),
visit the website for more information
.

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About THE AUTHOR

Lisa Ameera Azman

Lisa Ameera Azman

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Tesco Offers Up To RM400 Off Samsung Galaxy S10 & S10+ On Lazada

Now that the
Samsung Galaxy S10
 has been launched for some time, the first solid deals for Samsung’s flagship smartphone are popping up. On its Lazada storefront,
Tesco Malaysia
 is slashing up to RM400 off all Galaxy S10 and S10+ models.

Featuring an all-new “Infinity O” display, the S10 smartphones all feature a near-full screen display with small cutouts for the front cameras. Even more impressive is the new ultrasonic fingerprint sensor on the S10 and S10+ built underneath the display, allowing you to unlock your phone by simply placing a finger on the screen.

If you missed the pre-order promo for the Galaxy S10 back in February, Tesco’s RM300 discount code is very welcome indeed. The code applies for the following models:

Galaxy S10 8GB/128GB (
White
,
Black
,
Green
): RM2,899 (RRP: RM3,299)

Galaxy S10+ 8GB/128GB (
White
,
Black
,
Green
): RM3,299 (RRP: RM3,599)

Galaxy S10+ 8GB/512GB (
White
,
Black
,
Green
): RM4,199 (RRP: RM4,599)

At these prices, the Galaxy S10 and S10+ (8GB/128GB) are the lowest you can find on Lazada. For the 512GB ceramic S10+, it is among the lowest prices but there is a reputable seller offering the same model (in
White
 and
Black
) for slightly less at
RM4,178
.

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Pang Tun Yau

Pang Tun Yau

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

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DBKL Implements Cashless Payment For Street Parking, Effective Today

(Image: Harian Metro)

Kuala Lumpur City Hall (DBKL) has announced that it is implementing a new cashless payment method for the payment of street parking fees in the city, effective today. What’s more, it has abruptly terminated its parking machine services as of yesterday (30 September), which means that the transition to the new payment method will be an immediate one.

Following this update, motorists within the city will no longer be able to pay their parking fees with coins or a Touch ‘n Go card on the parking payment booths. Instead, they will have to use any of the following mobile app or e-wallets:

EZ Smart Park
 (
Google Play
,
App Store
,
Huawei AppGallery
)

Flexi Parking
 (
Google Play
,
App Store
,
Huawei AppGallery
)

Wilayah Parking (
Google Play
,
App Store
,
Huawei AppGallery
)

M-Cash
 (
Google Play
,
App Store
)

In its statement, DBKL also noted that it is in the midst of planning and implementing parking payment services via Boost and Touch ‘n Go eWallet to offer better user convenience. Both e-wallets had actually enabled the ability to pay for street parking managed by DBKL since a while ago –
Boost in 2018
, and
Touch ‘n Go eWallet in 2019
 – but have recently removed the function. Both e-wallets have notified its users that DBKL parking payments is offline for “upgrading” works.

Equally curious is the lack of mention of JomParking, another popular mobile app that lets you pay your parking fees. JomParking itself has also recently tweeted to inform users that its payment services for street parking managed by DBKL will be temporarily unavailable.

Hello JPeeps!

We would like to inform you that JomParking will be temporarily unavailable in Dewan Bandaraya Kuala Lumpur (DBKL).

We sincerely regret for any inconvenience caused and thank you for your kind understanding.
pic.twitter.com/3fLZZPJ4Ew

—
[email protected]
 (@JomParking)
October 1, 2020

Aside from the above changes, motorists in KL should also take note that daily and monthly parking passes are also made unavailable for now. However, DBKL said that they are expected to be activated after future system upgrades. Meanwhile, applications for reserved parking bays are still accepted, with charges set at the usual rate.

DBKL also urged the public to adapt and familiarise themselves with the new payment methods.

(Source:
DBKL
)

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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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All Malaysian Banks Have Declared Non-Compounding Interest For Moratorium Loans

In just under a week after Bank Negara Malaysia’s announcement on the 6-month moratorium for individual and SME loans, effectively all Malaysian banks in the country have come forward to say that they will not be compounding interest for the moratorium period.

HSBC
 was the first bank in Malaysia to announce that it will not charging compound interest on loans for individual and SME customers during the deferment period. However, other banks such as Standard Chartered,
Maybank
,
OCBC
, and
RHB
 quickly released their own announcements soon after as well.

As of today, virtually all Malaysian banks are accounted for alongside the HOUS foreign banks (HSBC, OCBC, UOB, Standard Chartered). Here are all the banks that have announced non-compounding interest for individual and SME loans during the moratorium:

Affin Bank

Agrobank

Alliance Bank

AmBank

Bank Islam

Bank Muamalat

Bank Simpanan Nasional

CIMB

Hong Leong Bank

HSBC Bank

Maybank

MBSB Bank

OCBC

Public Bank

RHB Bank

Standard Chartered Bank

SME Bank

UOB

On 25 March, BNM announced that all banks and development financial institutions would offer an
automatic deferment
 for loan and financing repayments to SME and individuals from April to September. However, BNM clearly stated that interest would still continue to accrue for both loans and Islamic financing during the deferment period, and that
interest would be compounded
 for conventional loans.

“For conventional loans, interest will continue to be charged on the outstanding balance comprising of both principal and interest portion (i.e. compounded) during the moratorium period,” said
BNM in its FAQ
.

Therefore, the move to offer non-compounding interest for the deferment period is one that has been made by each of the Malaysian banks of their own accord. Many of the banks cited a desire to help Malaysians through this challenging time as the motive behind their decisions.

Of course, as the banks have only decided to waive compounding interest (ie the interest charged on the interest portion of the loan), interest will still accrue on the principal amount of the loan – so you will still be paying a higher amount after the deferment period than before. This is true for the case of mortgages and any flexible rate loans. For hire purchase and personal loans which are on a flat interest rate, the instalment amount will remain unchanged and will not incur any additional interest.

Find out more about the
financial assistance offered by banks in Malaysia
 to help those who are affected by Covid-19.

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Alliance Bank

AmBank

Bank Islam

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Hong Leong Bank

HSBC Bank

Maybank

MBSB Bank

Moratorium

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OCBC

Public Bank

RHB Bank

SME Bank

Standard Chartered Bank

UOB

About THE AUTHOR

Jacie Tan

Jacie Tan

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    Tony

    3 years ago

Can you please clarify whether interest incurred for the property loan during moratorium period is tax deductible?

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    Pang Tun Yau

    3 years ago

    Reply to

        Tony

It wasn’t mentioned by BNM nor by the banks, so I don’t think it is.

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Budget 2023 To Be Re-Tabled In Dewan Rakyat On 24 February

(Image: Berita Harian)

Dewan Rakyat Speaker Datuk Johari Abdul confirmed that Budget 2023 has been scheduled to be re-tabled on 24 February 2023, by Prime Minister Datuk Seri Anwar Ibrahim.

“The 2023 Budget will be presented on 24 February because previously only a mini budget was presented for service expenses and salary payments. Overall, the Budget presentation and debate process, including committee matters and policy, will take 21 days (three weeks),” Datuk Johari further explained.

Additionally, the Speaker also noted that the upcoming Dewan Rakyat session will start on 13 February 2023 and last for 29 days. The first meeting of the 15
th
 Parliament is set to begin with a royal speech by the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah.

(Image: Malay Mail)

Prior to this, Datuk Seri Anwar Ibrahim had already shared that the national Budget for 2023 will be
re-tabled in February 2023
, but no exact date was provided at that time. He had also emphasised then that the government will take a targeted approach under the updated Budget 2023 in protecting the people and small businesses, in hopes that it will help with reducing leakages that benefit the wealthy.

Given that the national Budget is set to be presented at this later date, the government had also tabled and approved a mini temporary budget with an allocation of RM107.7 billion on 20 December 2022. It is meant to cater for essential expenses in the interim – such as salary payments for civil servants and welfare assistance – until the actual national Budget is approved.

Meanwhile, former Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz had presented an
earlier version of Budget 2023
 back in October 2022, but it was not debated or approved as the Parliament was subsequently dissolved. This led to Malaysia’s 15
th
 general election (GE15), which ultimately saw a new unity government helmed by Datuk Seri Anwar Ibrahim come into power.

(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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Win An Apple Watch, RM1000 in Touch ‘n Go Credit & More When You Apply For Credit Cards!

Searching for better deals in the new year? Look no further and check out our amazing weekly flash deals from Unbox This Week!

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 9 to 16 January 2023, our featured bank partners are

none other than
Citibank, HSBC Bank, Standard Chartered Bank, Public Bank, Alliance Bank, and RHB
. So, if you’ve considered applying for a credit card with any of these banks, you know what to do to get more out of your application!

Citibank – RM800 Touch ‘n Go eWallet Credit

With Chinese New Year just around the corner, having an extra RM800 in your pocket would make your year extra ‘huat’!

All you have to do is apply for a Citibank credit card this week to redeem your guaranteed RM800 Touch ‘n Go eWallet Credit. No more worrying about sparing extra expenses for 2023 and driving through tolls on your way home!

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

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

HSBC Bank – Apple Watch Series 8

Taking your health more seriously in the new year? Stand a chance to win the Apple Watch Series 8 when you apply for a HSBC credit card.

The all-new Apple Watch Series 8 is equipped with a temperature sensor for deeper insights into your health – which is especially useful for women’s health and tracking your sleep patterns. Like its previous models, it’s also equipped with Apple Pay so you can pay for cashless transactions on the go.

If you don’t win an Apple Watch, you’ll still get a guaranteed RM600 Touch ‘n Go eWallet Credit as a gift when you sign up.

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
.

Public Bank – Xiaomi 70mai 1S Dash Cam 1080p

Driving to work on a daily basis? Take home a guaranteed Xiaomi 70mai 1S Dash Cam when you apply for a Public Bank credit card. With 1080p resolution, you’ll be able to record crystal-clear footage just in case you witness any unfortunate incidents on the road. After all, you should prioritise safety first when you’re on the road!

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
.

Standard Chartered Bank – RM1000 Touch ‘n Go eWallet Credit

Apply, activate, and spend with your Standard Chartered Credit Card and you could win RM1000 Touch ‘n Go Credit!

In fact, there’s so much you can do with RM1000 Touch ‘n Go eWallet Credit. You can use it to pay your utility bills, spend it on a romantic dinner for two, or even save it for the next time you need to drive through tolls.

The best part? You’ll still get a guaranteed URBANLite Ledge 24″ luggage if you’re not selected.

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 – Xiaomi Smart Band 7 Pro or Samsung Galaxy Fit 2

Get a Xiaomi Smart Band 7 Pro or Samsung Galaxy Fit 2 when you apply for a new Alliance Bank Credit Card!

You’ll be guaranteed to receive the Xiaomi Smart Band 7 Pro when you apply for an Alliance Credit Card with Balance Transfer. This attractive fitness watch comes with a 1.64″ rectangle AMOLED display and 12-day battery life, the perfect accessory for your workouts at the gym.

On the other hand, when you apply for an Alliance Credit Card without Balance Transfer, you’ll be guaranteed to receive the Samsung Galaxy Fit 2 – another sleek smart watch for the fitness buffs out there. With a 5ATM certification up to 50m, you can even wear it while you’re going on a swim!

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

RHB – RM300 Cash Via DuitNow

Feeling blue when you look at your bank balance? If you wish you had just a bit more in your bank account, this guaranteed gift will turn your frown upside down. Apply for an RHB credit card and you’ll be gifted RM300 Cash via DuitNow, guaranteed!

Just having an extra RM300 in your bank account opens the door to so many possibilities. You could use it to treat yourself, pay your utility bills or even just save it for a rainy day – definitely something worth hanging on to ease your mind when you’re running low.

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
.

***

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 16 January (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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TAGS:

Alliance Bank

Apple Watch Series 8

Citibank

DuitNow

HSBC

Public Bank

RHB

Samsung Galaxy Fit 2

Standard Chartered Bank

Touch 'n Go eWallet

Unbox This Week

URBANLite Ledge 24" Luggage

Xiaomi 70mai Smart Dash Cam 1S

Xiaomi Smart Band 7 Pro

About THE AUTHOR

Eloise Lau

Eloise Lau

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