Work & Collaborate Seamlessly With Microsoft Office Home & Student 2021 – RM168 Savings Await

These days, having a device that allows you to be productive has become absolutely essential. It is no longer a luxury as students of all ages and workers across all industries need one to remain productive, collaborate with others, or even to upskill in their respective fields.

Aside from buying a device, having the appropriate platforms that can accommodate daily tasks are also critical. Technology has allowed developers and service providers to create solutions that can catapult users’ work productivity. Having capable devices without the appropriate apps and platforms can affect output levels and deter their ability to reach their full potential.

For home users and students who are frequent users of Microsoft Office applications such as Word, Excel and Powerpoint, GLOO has introduced a limited-time sale that they can greatly benefit from.

Save RM168 On Microsoft Office Home & Student 2021

Enjoy a one-time purchase of Microsoft Office Home & Student 2021 for RM379 and save RM168! This bundle allows you to conveniently own all the offerings of Microsoft’s classic apps, such as Microsoft Word, Excel, and Powerpoint at a great price.

You could think of it as a one-time investment that can accommodate common tasks such as word processing, creating decks and presentations, as well as organising data and creating spreadsheets. All this could be beneficial for those in school, university, and even in the workforce. Only a single payment is required to enjoy the classic experience.

How The Core Apps Can Benefit You

Microsoft Office Home & Student 2021 offers the absolute essentials – Microsoft Word, Microsoft Powerpoint, and Microsoft Excel. There’s plenty of ways owning these apps can help you in your studies and work life.

As we all know, Microsoft Word is a powerful, versatile, and widely used word processor. Students can use it to jot down notes, write essays, create mind maps, list down tasks, and even generate a resume. On the other hand, those in the workforce can use it to prepare formal written documents, save important documents, or create charts for work.

When it comes to creating presentations, Microsoft Powerpoint is the software for that. Create decks from a series of templates, explore the different transitions available, format each element and slide to your liking, and present your ideas creatively.

Microsoft Excel may not be as visually exciting but it sure makes performing calculations, storing, organising, and analysing data much easier. You can even visualise data with charts, print reports easily and utilise the many free templates available.

New Features You’ll Find On

Microsoft Office Home & Student 2021

Co-author documents

Collaborate with others within the same document at the same time. The ability to work simultaneously allows users to be notified with each update without having to rely on external apps or communication.

Better collaboration with modern comments

Decide when you submit comments to co-authors and be more productive with a uniform commenting experience across Word, Excel, and PowerPoint.

Know who’s in your document

Have a clear view of who is working alongside you and which areas they’re currently working on. This feature is available in Word, Excel, and PowerPoint.

Reduce eye strain with Dark Mode

Word’s new Dark Mode allows you to work on a dark canvas as opposed to the previous version where the document stayed bright whereas the toolbars were dark.

Ink Replay – Slide Animation for Ink object

You can now apply the new Replay or Rewind animation to experience a drawing effect directly in your presentations with Powerpoint’s new Ink Replay. Adjust the timing to your liking so the animation can be as close to your vision as possible.

Updated Draw tab

Available in Word, Powerpoint, and Excel, the updated Draw tab allows you to quickly access and change the colours of all your inking tools in one place. This means that you can simplify how you work with ink using new Draw tab additions: Point Eraser, Ruler, and Lasso.

***

If you’re looking to own the core apps offered by Microsoft Office, then now may be the perfect time to make your purchase. The one-time purchase allows you to conveniently have Word, Powerpoint, and Excel installed on either your PC or Mac. On top of that, it also works with Microsoft Teams for better collaboration.

Don’t miss out! This offer ends 31 March 2023.

To make your purchase,
visit the online store today
.

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Lisa Ameera Azman

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How to Get Extra Cashback on Top of Regular Cashback

One of the most appealing features on
credit cards
 is the cashback because nothing quite beats getting paid for spending.

We at RinggitPlus are constantly on the prowl to figure out little tricks to help consumers get more for their money and have managed to uncover yet another hack – this time with
cashback credit cards
.

The hack dwells in vast entity that is the world wide web and if you’re still reading at this point, continue scrolling to find out how you can get extra cashback on top of regular credit card cashback with online shopping!

First, the Basic Works of Cashback

Cashback is a type of reward garnered on credit or debit card expenses. The cashback earned on a credit card can then be used to offset a portion of your monthly bill or annual fees (if any).

A debit card on the other hand, receives cashback on a monthly basis and is credited directly into the holder’s savings account. Without further ado, we’ll now let you in on how you can get double (or more!) your money’s worth.

The Extra Cashback Trick!

The rule of thumb when using your credit card to shop online is always be informed of all merchants or outlets that have paired up with your bank. Making sure your credit card has cashback for online retail/shopping should come second nature.

Do a little research on these participating merchants and find out if they offer exclusive cashback for shopping at their official web portals. Some of these web portals earn rewards and commission when you use them as your referral point to get to another merchant.

They then share the commission with you (the customer), resulting in the extra cashback that we’ve been talking about. Confused yet? Lets explore this with a pretty simple example.

If you were planning to do some online retail therapy at the
Shopback
 website, you will notice a wide range of merchants that you can select from to make a purchase. The website clearly indicates how much extra cashback you will receive for shopping via a particular channel.

These partnered merchants can range from your usual Lazada, GameOn, Samsung and many more. All you have to do is click on the merchant you would like to shop with, and you will be directed to the selected merchant’s official website.

Simply put, if you were on Shopback and select Lazada through the former’s web portal, you would be routed to the official Lazada web page. When you make a purchase on Lazada, the Shopback site earns a referral fee and it will continue to share a percentage of that profit with you (the customer).

Do note that there could be a minimum amount you will have to achieve to trigger this extra cashback feature. While you’re researching merchants that offer this feature, do read through the terms and conditions before you begin shopping.

To ensure this trick rolls into full motion, be reminded to use a credit card that offers great cashback on online retail/shopping. Doing this attracts cashback not just from one, but from two separate sources (bank and online portal). How neat is that?

Shop, Shop, Shop!

Who says you have to wait for festive seasons to grab a good bargain? This trick, in itself, is an insane sale that works all year round!

However, all that glitters isn’t gold. If you do find a deal too good to be true, be sure to check out other users’ experience and be very weary of scams. Do your part in making online shopping a safe place by doing a little research and all that’s left to do is shop, shop, shop!

Don’t have an awesome cashback credit card yet, or is your current one not good enough? Check out our list of the
best cashback credit cards
 in the country.

What do you think of our cashback hack? Do you know of another? Share with us your thoughts in the comments section down below – we’d love to hear from you!

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Penangites Get Exclusive 50% Discounts For Selected Attractions Within Penang

(Image: Buletin Mutiara)

From 15 March to 15 May 2020, Penangites will be given an exclusive 50% discount on ticket prices, products, and services when they visit participating tourism-related businesses within the Penang state. The discount is offered through a newly launched campaign dubbed “Penang-lang 50% off”, which is introduced to revitalise the state tourism sector that suffered from the Covid-19 outbreak.

To be eligible for the rebates, you have to – of course – be a Penangite, or have a Penang residential address on your MyKad. If you qualify, then you will be entitled to a 50% discount at more than 20 tourism-oriented establishments, all of which are members of the Association of Tourism Attractions Penang (ATAP). This would include attractions, retail outlets, and thematic restaurants:

Attractions

Retailers and Restaurants

The Top Penang

Tech Dome Penang

Dark Mansion-3D Glow in The Dark Museum

Penang Hop On Hop Off

Penang Bird Park

Entopia by Penang Butterfly Farm

Tropical Spice Garden

Teddyville Museum

Audi Dream Farm

The Habitat Penang Hill

MonkeyCup Penang Hill

The Owl Museum Penang Hill

The Camera Museum Penang Hill

Ghee Hiang

Cheong Kim Chuan Local Products

Harrison Signature Cocoa Boutique

Travis Hegel

Craft Batik

David Brown’s Restaurant and Tea Terrace

To claim your discounts, present your MyKad with the Penang state code (07, 34, and 35) or with a Penang address.

The “Penang-lang 50% off” campaign, taglined
Cuti-Cuti Penang
, is an effort resulting from the collaboration between ATAP, Penang Global Tourism, and the state tourism committee.

(Image: Malay Mail)

State tourism EXCO, Yeoh Soon Hin, said that this is also an encouragement for Penangites to travel within the state and experience the local attractions instead of travelling abroad. They can then share the experience with their family and friends outside of Penang.

“We would like to take this opportunity to remind everyone that they don’t have to go far with Penang’s plentiful attraction,” said Yeoh.

Penang’s campaign is another example of strategies employed to overcome the slump in the country’s tourism sector. Prior to this,
Langkawi hotels
, too, have begun offering up to 70% discounts to drive the demand for tourism back up.

(Source:
Malay Mail
)

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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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Ablr Enters BNPL Scene In Malaysia, Aims To Promote Ethical Financing

Singaporean fintech company Ablr has officially launched its buy-now-pay-later (BNPL) services in Malaysia, with the aim of promoting ethical financing for Malaysian consumers. This is achieved by embedding its flexible payment plans with a range of “life-fulfilling and life-enhancing products and services.”

As one of the latest BNPL services to enter Malaysia, Ablr allows users to pay for their purchases in monthly instalments, from 30 to 60 days, with zero interest. It also said in its
FAQ
 that customers will not need to pay any signup fees in order to use Ablr’s BNPL service, nor will they be charged any hidden fees when using the service. All charges that must be paid will be clearly listed during the checkout process.

Interestingly, Ablr also said that there will be no late payment fees or interest charged on late payments. Instead, you may be required to pay down payments or processing fees for specific purchases – but you will be informed of these charges (if applicable) when you check out.

In terms of payment methods, Ablr currently accepts locally issued debit and credit cards (Visa and Mastercard). Meanwhile, it is unable to process payments made via prepaid, virtual, and American Express (AMEX) cards.

Ablr is already available for you to use when you make in-store and online purchases at over
250 merchant points
, both in Malaysia and Singapore. Some of the brands that allow BNPL payments through Ablr in Malaysia include Khind Malaysia and OSIM. If you wish to try out Ablr’s BNPL service, you will first need to create an account with Ablr via its
website
 or mobile app, as per the following steps:

Step 1:
 Tap on Get Started, followed by Create Account
Step 2:
 Enter your mobile number, click on Proceed, and key in the OTP sent to you
Step 3
: Tap on Verify With CTOS for identity verification
Step 5:
Key in the required personal details, and go through the eKYC process

Upon successful verification, you’ll then have to add at least one payment method (credit or debit card) to proceed with a purchase. Note that your credit limit will be determined based on the information provided to Ablr. You may, however, increase the limit (up to RM15,000) by providing your bank statements of your salary crediting account for the past three months; your credit limit will then be adjusted accordingly.

“More and more people are exploring new ways to pay that are convenient, safe, sustainable, and more budget-friendly with great deals, and together with our partners, we look forward to serving this untapped, underserved market for big-ticket essentials,” said the chief executive officer of Ablr Malaysia, Amanda Chin, adding that users can also use Ablr for expenses such as their families’ healthcare treatments, or upskilling courses.

Additionally, Chin remarked that Ablr has been engaging the
Consumer Credit Oversight Board (CCOB)
 to seek ways to support the CCOB’s agenda. Briefly, the CCOB was established in July last year to oversee all
consumer credit activities in Malaysia
, including BNPL schemes.

“We essentially operate like a financial services company, although not regulated yet; hence having engagement with the CCOB, we hope to be at least on par with the other financial services, as well as to support our financial service sustainably through positive behaviour to avoid propagating negative habits,” Chin further said, adding that Ablr’s consumer-centric stance sets the company apart from other BNPL players in the country.

(Image: Marketing Interactive)

Moving forward, Chin shared that Ablr is looking to provide more choices and convenience for its Malaysian customers, while encouraging them to spend as well as manage their finances more responsibly.

“Gen Z and Millennials, especially, are the greatest users of BNPL and we see the demand for the type of products and services shifting as they become working individuals or progress in their careers. We want the products and services on Ablr and the merchants we onboard to reflect that shift and provide for meaningful, important offerings that add value throughout the different stages of their life cycle,” said Chin.

(Sources:
Ablr
,
New Straits Times
,
The Malaysian Reserve
)

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The Pros And Cons Of Taking The EPF i-Sinar Withdrawal Facility

(Image: The Star)

The Malaysian government and the Employees Provident Fund (EPF) have officially announced the introduction of the
EPF i-Sinar withdrawal facility
, which allows eligible members to make withdrawals from their EPF Akaun 1 to overcome financial difficulties brought about by Covid-19.

Under i-Sinar, affected members can withdraw up to RM10,000 or up to 10% of their Akaun 1 savings (capped at RM60,000), depending on how much balance they have in Akaun 1. The eligibility requirements for i-Sinar are also quite flexible, with the facility being made available to those whose income have reduced by 30% and those who have not contributed for at least two months. It is expected to benefit as many as 8 million EPF contributors overall.

Now that
you can begin applying for i-Sinar
, take some time to make an informed decision as to whether to withdraw or not. We’ve compiled a list of the pros and cons of utilising EPF i-Sinar to see what is the right decision for you.

Pro #1: Access to a large amount of funds to ease cash flow issues

Due to unemployment, unpaid leave, salary cuts, and reduced business arising from the Covid-19 pandemic, cash flow issues is a major problem for many Malaysians during this period. It comes as no surprise that many individuals and small businesses are suffering from lack of income and inability to pay for their bills and necessities, even now as the economy is slowly recovering.

The i-Sinar facility is one solution to this problem and is especially valuable to those who have exhausted their emergency savings. EPF members can access up to RM10,000 or even tens of thousands of Ringgit depending on their Akaun 1 balance, paid out over the next six months. The first month payment of i-Sinar can be up to RM5,000, which is a huge boon for those who need a sizeable amount of cash upfront.

Pro #2: Avoid taking on more debt

A viable way to overcome cash flow issues is by making use of debt facilities, like credit card advances and personal loans. By borrowing money from the bank, you will have the finances to tide you over during the present with a set repayment schedule for the future. However, the issue with taking on debt facilities is that you usually have to pay interest – unless you utilise a
0% balance transfer plan
 or a cash advance promotion. And even then, you’re taking a hit on your credit health, raising your credit utilisation and debt service ratio – which will affect your chances of getting a loan approved in the near future.

In comparison, you do not have to pay any additional interest on your i-Sinar withdrawals – you are just giving up the interest that you would have earned on your savings. The i-Sinar facility is also advantageous because you do not need to rely on a healthy credit score and high borrowing power to access the funds. Moreover, you get to avoid taking on an unmanageable amount of debt during a financially challenging time.

Pro #3: Helps cover commitments outside of targeted repayment assistance

(Image: The Star)

Some might wonder why additional funds are necessary, given that the central bank had declared a six-month automatic repayment moratorium for individuals and SMEs from April to September this year. For those who still have financial difficulties at the end of the moratorium period, various forms of
targeted repayment assistance
 are still made available by the banks up until June 2021.

However, loan repayments are not the only financial obligations faced by Malaysians. Even with other forms of assistance like electricity bill discounts and insurance premium deferments, these measures cannot be expected to fully alleviate one’s financial burden. Moreover, what about paying for groceries, childcare, education, rent, utilities, Internet, transportation, and various other necessities  – all of which are necessary expenditure, but cannot be deferred through any form of assistance? This is where the funds from i-Sinar would be most needed by those in a financial tight spot.

Con #1: Forgoing compounding returns

One thing you will hear a lot of people talking about when it comes to withdrawing money from any form of savings is the compounding interest that you will forgo. As many will know, compounding interest is the interest you earn on both your initial deposits as well as the interest earned from that principal deposit, and the effects are greater over time. So, when you withdraw funds from your EPF account, you are not only losing out on the returns that you earn on your EPF contributions, but also the extra returns that the accumulated returns will gain.

Let us assume you withdrew an amount of RM10,000 from your Akaun 1 at the age of 30 through i-Sinar. When you take the effects of compounding returns into consideration, it’s not just the RM10,000 in savings that you will not have for your retirement. Assuming the minimum guaranteed 2.5% p.a. EPF dividend yield, over the next 25 years, your RM10,000 would have been compounded into a sum of RM18,539.44 – almost double the initial amount.

The effects become more apparent at higher dividend rates. The same RM10,000 earning 6.17% (the
10-year average dividend yield for EPF
) will compound to a sum of RM44,673.03 after 25 years – more than quadruple your deposit!

And that’s what you forgo when you make an unreplenished withdrawal via i-Sinar.

Con #2: Lesser savings for retirement overall

Rules of compounding interest aside, you do end up with less retirement savings if you tap into the i-Sinar programme – despite it being presented as an “advance” facility as opposed to a withdrawal feature. According to the EPF, all future contributions will be channelled to Akaun 1 until the amount withdrawn under i-Sinar has been replenished. After that, contributions will revert to the original ratio of 70:30 for Akaun 1 and Akaun 2.

However, the issue with this mechanism is that you are not really “replenishing” the withdrawal amount, as you are not increasing your contributions to make up for the difference that you withdrew. You are simply halting your contributions to Akaun 2 in order to concentrate them into Akaun 1 – so in the end, you will still end up with a lower net balance than if you did not take i-Sinar.

To put it simply, unless you self-contribute more after withdrawing from i-Sinar, you will not actually be able to replace the sum that has been withdrawn.

Con #3: A risk for those with low financial literacy

The i-Sinar facility is flexible because as long as you fit the eligibility criteria, you do not have any restrictions when it comes to how you use your withdrawn EPF funds. However, this flexibility can be a double-edged sword as those with low financial literacy could be swayed into using their retirement funds in ways that are not very financially responsible.

After all, the EPF has seen it happen repeatedly. It previously revealed that a shocking 70% of members who made full withdrawals upon reaching retirement age somehow
exhausted all their savings within 10 years
. Therefore, with such loose conditions, will everyone be financially prudent if they came across a sudden influx of funds via i-Sinar?

The EPF isn’t the only ones who are worried. The assistant governor of Bank Negara Malaysia (BNM) has come forward to
caution against unethical advice encouraging EPF members to withdraw from Akaun 1 to invest in higher-risk investments
. But the main concern lies on the fact that those who lack in financial literacy could also make the mistake of using i-Sinar funds for unnecessary or extravagant purchases instead of covering their basic expenses.

Clearly, this goes against the grain of what i-Sinar is meant to be – a facility for those who are in financial need.

Should you utilise the EPF i-Sinar withdrawal facility?

Just like anything else in life, there are two sides to every coin – so there is no definite answer as to whether you should or should not make use of the i-Sinar facility. If you are in tight financial circumstances, then withdrawing funds from your Akaun 1 would be a rational and useful thing to do (and you can find
a step-by-step guide on how to apply for i-Sinar here
). However, if you think you could weather the current economic climate by making some lifestyle adjustments instead, then consider letting your retirement savings stay safe in Akaun 1 to reap those compounding returns.

If you are worried about jeopardising your retirement savings by using the i-Sinar withdrawal, one thing you could do is make a personal pledge to self-contribute the difference later on when your financial situation has improved. Whether it’s later on in 2021 or even in 2022 and beyond, make it a point to self-contribute that amount back into your EPF savings.

What are your thoughts about the EPF i-Sinar withdrawal facility? Will you be making use of i-Sinar yourself? Let us know in the comments below!

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Affin Bank Introduces E-Wallet Cashback Cap For Affin Duo Cash Back Card

Affin Bank has announced a revision for the cashback half of its popular Affin Duo pair credit cards, the Affin Visa Cash Back card. Effective 12 September 2022, the bank will be introducing a limit to the amount of cashback that you can earn for e-wallet transactions on the card, set at RM50 per month.

At present, Affin Duo cardholders are not limited by any such restrictions; they are free to earn their entire cashback quota (
capped at either RM50 or RM80, depending on their previous balance
) via 3% cashback on e-wallet spend – if they want. This is in addition to other spend categories that are also eligible for the card benefit, namely e-commerce/online and auto-billing.

Come 12 September, however, Affin Duo Visa Cash Back cardholders will only be able to earn 3% cashback on e-wallet spend for expenses of up to RM1,666.66 (giving you RM50 cashback). Any further e-wallet spend will no longer net you cashback, and the remaining RM30 cashback – if you are aiming to earn the full RM80 cashback – will need to be earned either through online or auto-billing transactions.

Aside from this change, the other features of the Affin Visa Cash Back card remain unchanged. Cardholders will continue to earn 3% cashback on the three same qualifying spend categories, with the maximum total cashback cap still subject to the previous balance of their card account.

Here’s a table summarising the latest revision to the Affin Visa Cash Back card:

Existing benefit for Affin Visa Cash Back card
Updated benefit for Affin Visa Cash Back card

(starting from 12 September 2022)
3% cash back on online, e-wallet, and auto-billing transactions, with cashback capped as per the following conditions:
– RM80 cap for cardmembers with previous balance of RM3,000 and above
– RM50 cap for cardmembers with previous balance less than RM3,000
3% cash back on online, e-wallet, and auto-billing transactions, with cashback capped as per the following conditions:
– RM80 cap for cardmembers with previous balance of RM3,000 and above*
– RM50 cap for cardmembers with previous balance less than RM3,000*
* Maximum cashback earned from e-wallet transaction to be capped at RM50 per month.

While this revision is not necessarily a massive one, it does mean that Affin Duo cardholders – specifically those who aim to earn RM80 cashback – will now have to keep track of or plan their expenses in advance to fully maximise the card’s benefits. This, in turn, translates to less flexibility when spending on the card. Meanwhile, those who regularly achieve the RM50 cashback cap will not be affected.

That said, given that the Affin Visa Cash Back card continues to offer one of the highest cashback caps in Malaysia, this revision should not drastically impact
its popularity among Malaysian credit cardholders
.

(Source:
Affin Bank
)

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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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Malaysia Life Insurance Industry Saw 14% Growth In New Premiums In 2019

The local life insurance industry registered a 14.19% increase in new business premiums in 2019, rising from RM10.3 billion in 2018 to RM11.8 billion last year. The figure was disclosed by the Life Insurance Association of Malaysia (LIAM).

According to the association, the increase was propelled by the robust growth in traditional business, investment-linked, and group business insurances. These insurance segments each increased by 30.12%, 11.05%, and 10.79%, respectively. Investment-linked policies, in particular, continued to be a popular product in 2019.

LIAM further added that the new policies issued in 2019 recorded an increase of 6.22% from 1.23 million policies in 2018 to 1.32 million policies in 2019. In total, the number of policies registered for the whole industry rose marginally from 12.67 million in 2018 to 12.74 million in 2019.

“The healthy performance of the life insurance industry reflects the increase in awareness among consumers on the importance of life insurance protection,” said the association.

LIAM also reported that the figure for new business sum assured has increased in 2019, rising from RM452.1 billion in 2018 to RM483.4 billion in 2019. This translates to a 6.91% growth.

(Image: The Star)

The average sum assured for individual policy category, on the other hand, reached RM130,000 per policy holder. However, LIAM president Loh Guat Lan commented that the figure is not an adequate level of protection as there is still a wide protection gap in terms of the coverage required.

“Based on a study conducted by Universiti Kebangsaan Malaysia and LIAM in 2013, it is estimated that a family of five would need at least RM550,000 to meet their living expenses over the next five years, in the event of a loss of the breadwinner,” said Loh.

LIAM also noted that the total premiums in force as of last year stood at RM36.9 billion, rising by 7.39% from RM34.4 billion in 2018. The growth was mainly attributed to investment-linked and employee benefit schemes under group businesses. Additionally, the total sum assured in force increased to over RM1.63 trillion, up 7.83% from RM1.51 trillion in 2018.

(Image: The Star)

In terms of total claims payout, the figure has also increased from 10.8 billion in 2018 to RM11.9 billion, up by 10.19%. According to the chief executive officer of LIAM, Mark O’Dell, medical and health insurance is the highest category of claims, making up 41% of the claims paid. This amounted to RM4.94 billion, which is an increase of 20.82% from RM4.09 billion in 2018.

Going forward, LIAM believes that the industry can hit a high single-digit growth, despite the negative economic impact brought on by the Covid-19 pandemic. It believes that this is possible given the strong resilience of the industry and the low insurance penetration rate in Malaysia.

(Source:
The Star
,
The Edge Markets
)

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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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Mydin Launches Drive-Through & Self Pick Up Service, Mydin Express

Mydin has launched a new shopping service called Mydin Express, which lets you shop for your items online and then pick up your orders from the store once they have been packed and prepared. Described as a “drive thru & self pick up” service, it is currently available only at selected branches in various states, including Selangor, Pahang, Penang, Perak, Terengganu, Melaka, and Kelantan.

To shop using the Mydin Express service, start by selecting the branch that you would like to pick up your items from. Once in, you will be able to view and purchase your required items. Note that you need to select at least RM50 worth of items before you can place your order and check out.

During the checkout process, you’ll be required to key in some personal details, including your vehicle number and mobile number. Once the orders have been prepared, you will get an email and WhatsApp text to inform you about the specific pickup point and the payment method. Upon pickup and payment of your orders at the store, you will then receive your receipt via WhatsApp.

Mydin Express
 is introduced as another initiative for the hypermarket’s customers to stay safe while getting their essential items during the Covid-19 pandemic and the ongoing period of movement control order (MCO).

To begin using the
Mydin Express
 service, head on over to the website.

(Source:
Lowyat.NET
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

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

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Survey Shows Malaysians Are Becoming More Comfortable With Going Cashless

A recent survey by Visa revealed that cashless transactions are fast becoming a norm among Malaysians, which is a trend that’s similar to the rest of Southeast Asia. The survey results also show that more and more Malaysians are embracing technology to do their banking as well as shopping.

Towards A Cashless Society

Visa’s fourth Consumer Payment Attitude Survey was conducted among 4,000 customers in Southeast Asia between July and August 2017, and the results were released in May 2018. According to the survey, 61% of the Malaysian respondents said they are able to go cashless for a day, while 42% of them say they are confident about surviving for three days without using cash. However, respondents from neighbouring countries like Indonesia and Philippines show more confidence in going cashless for the whole day at 76% and 69% respectively.

Online Shopping Is Booming

Besides that, the survey showed more people are shopping online on a regular basis. 74% of Malaysian respondents said they have shopped online at least once a month – but that figure is still low when compared with Thailand (85%), Vietnam (84%), Indonesia (83%), and Singapore (78%). Clearly, the impact of multiple popular e-commerce marketplaces in the region, including Lazada, 11street, Shopee, and Qoo10, have accelerated the region’s consumers embracing of online shopping.

Most of the respondents also have a similar idea on what makes a good online shopping experience. More than half of all respondents considered the ability to compare the prices of products within the same categories as the primary criteria for a good online shopping experience. However, 59% of Singaporean respondents and 61% of Filipino respondents said the presence of a more secure payment system is more important for them.

Banking On The Go

The survey also showed that 70% of the total respondents use mobile banking at least once a week, compared to 31% of the respondents who use physical banking (i.e. going to the bank). The Thais are most comfortable with mobile banking, with 81% of Thai respondents saying they use mobile banking on a weekly basis – higher than any other country in the survey.

Paying With Smartphones

Aside from the increased preference on mobile banking over physical banking, the study showed 58% of the total respondents are aware of the existence of QR-based payment services. Again, the Thais are especially savvy with this form of mobile payment, with Vietnam the only other country above the region’s average. While Malaysia only recorded a 52% level of awareness in this survey, this figure will surely increase in the near future. Bank Negara Malaysia (BNM) has issued dozes of e-wallet licences to accelerate the growth of e-wallet adoption in the country since mid-2017 – after the survey was conducted.

The Future Is Mobile

As a whole, the survey is a great example not only of the level of disruption in conventional industries such as banking and shopping, but also how the region is actually embracing this change. Across Southeast Asia, consumers are adapting their habits in favour of this digital-first future. In Malaysia, this change is apparent too – though at a rate that’s slower than its regional peers. Regardless, Visa country manager for Malaysia, Ng Kong Boon, remains positive.

“Findings from Visa’s Consumer Payment Attitudes study reinforce Malaysians’ readiness to embrace the digitisation of payments as we move towards becoming a cashless society,” he said.

(Source:
Visa Inc
)

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GrabPay Users Can Now Link Maybank2u Accounts To GrabPay For Easier Top-Up Process

(Image: SoyaCincau)

Grab has enabled Maybank2u as a new top-up source for the GrabPay e-wallet. Interestingly, it is more than just a simple bank account linking, but a pretty tight integration between Maybank2u and GrabPay.

This can be seen by the seamless reload process: once your bank account is linked to GrabPay, you will no longer need to log in to your Maybank2u account and wait for a verification code every time you want to top up your GrabPay. Instead, future top-ups just needs you to key in the amount that you wish to top up, and then hitting the “Top Up” button.

The process of linking your Maybank2u account to GrabPay is fairly simple. Here’s a step-by-step guide:

Head to “Payment” once you’ve launched the Grab app, and then tap on “Top Up”.

You will see a few top-up options. Choose Maybank2u.

Tap on “Continue” to proceed, then follow the list of instructions that shows up.

Perhaps due to this tight integration and seamless reload process, you will have to determine how long you’d like to keep your Maybank account linked to your GrabPay wallet. You get to choose from three options: 3 months, 6 months, or 12 months. Additionally, you can set a daily top-up limit.

You’ll also notice that aside from your Maybank bank accounts, there is an option to link your GrabPay to a Maybank Anytime Everyone (MAE) account. The
MAE account
 is basically Maybank’s e-wallet that is based on a virtual bank account instead of your savings or current account.

Once you’ve confirmed your preferences, you will be sent a TAC for verification. Key it in to validate your transaction, and you’re good to go! If you’d prefer, you can also enable the Auto Reload function with your linked Maybank2u account.

To unlink your GrabPay from your Maybank2u account or change certain settings, you can do so from the
Maybank2u website
 on your desktop. Simply head to “My Settings”, then “Pay & Transfer”, and access “Linked Accounts”. This is where you can change your preferences for GrabPay, or remove the e-wallet’s access to your bank account.

While this new feature makes it a lot more convenient to add funds to GrabPay, it eliminates the possibility of earning more rewards for using GrabPay.
Reloading e-wallets using certain credit cards
 allow you to double-dip on rewards offered by both Grab (GrabRewards points) as well as the specific credit cards’ benefits (cashback or rewards points).

(Source:
SoyaCincau
)

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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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Zurich Introduces Two New Insurance Plans, Zurich Essential Cover And Zurich Prestige Cover

Zurich Malaysia has introduced two new affordable insurance plans – Zurich Essential Cover and Zurich Prestige Cover – in response to the public’s concern surrounding Covid-19 and their inability to provide for loved ones without a safety net of protection. The plans come with the Guaranteed Acceptance feature, which allows customers hassle-free access to their coverage without having to go through any medical check-ups or health questionnaires.

According to a statement by insurance company, the Zurich Essential Cover life protection plan is primarily targeted at individuals who are in the early years of their careers, whereas the Zurich Prestige Cover endowment plan is best suited for those who are planning their retirement. In terms of benefits, both plans offer up to 600% of the basic sum assured (BSA), covering the following:

Benefit

Benefit payable

Death/Total and permanent disability/Golden age disability

Higher of 100% of BSA or total premium paid

Balik kampung
 accidental death

Death benefit + 100% of BSA

Public conveyance accidental death

Death benefit + 200% of BSA

Overseas accidental death

Death benefit + 300% of BSA

Onboard flight accidental death

Death benefit + 400% of BSA

Natural disaster accidental death

Death benefit + 500% of BSA

(Image: New Straits Times)

Customers will also have the flexibility to opt for their preferred BSA for both plans – ranging from RM20,000 to RM300,000 – to meet their personal needs.

Zurich further noted that the Zurich Essential Cover plan offers an affordable premium of RM1.43 per day, with the choice of 20 or 30 year coverage. The premium payable is also guaranteed and will remain unchanged throughout the coverage term. Meanwhile, the Zurich Prestige Cover plan provides customers with the option to pay for 5, 10, or 20 years (with differing maturity benefit of between 110% to 130% of total premium paid), and be covered for 30 years.

The chief executive officer of Zurich Life Insurance, Khoo Ai Lin said that the company understands its customers’ concerns in these uncertain times, and wishes to provide a solution that is attainable for them. “With these two plans, Zurich is protecting Malaysians by taking on the risk for our customers. Through a protection plan that is convenient, customers can close the debt gap and enhance their Malaysian lifestyle,” she said.

If you’re interested in purchasing either plans, you may want to also tap into an ongoing campaign by Zurich where you can enjoy a one-month premium rebate and Covid-19 post vaccination benefits. To obtain these benefits, you’ll need to get the plans with a minimum total annual premium of RM2,400. This campaign is slated to end on 7 May 2021.

To find out more about the
Zurich Essential Cover
 or
Zurich Prestige Cover
 plans, head on over to the insurance company’s website.

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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 Mistakenly Sends Out e-Statements Belonging To Other Customers

RHB customers have reported incidents where the bank had sent them e-statements that did not belong to them, but could still be accessed using their birthdate-related passwords. The mistake was confirmed in a follow-up email that was sent out by RHB Bank yesterday.

“It is with much regret for us to inform you that there has been an error in the e-statement sent to you via email last night due to a technical issue,” said the bank in its email. “We would like to request that you refrain from opening the e-statement, and thereafter to delete the email.”

As is the practice with most banks, the RHB monthly e-statement is sent via email in the form of a password-protected PDF file. By default, the customer’s date of birth is set as the password. E-statements typically contain personal information including the customer’s name, address, account number, and transaction details.

Source: The Vibes

Given that the mix-up allowed one to use their own password to unlock and view the e-statement of another RHB customer, the issue naturally raised concerns around the bank’s data security and privacy measures. It is not known at the moment exactly how many accounts were affected by this error, or whether RHB intends to notify the customers whose e-statements had been mistakenly sent to someone else.

“We sincerely apologise for this inadvertent error. Our team is currently investigating the matter, while simultaneously rectifying the error that had occurred,” the email also said. “We will be re-sending the email to you as soon as possible upon appropriate validation being completed.”

The bank finished its email by reassuring its customers that their data safety and security are its top priority, and invited customers with further concerns to contact customer service.

(Source:
The Vibes
,
L
owyat.NET
)

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Different Ways to Rent Out your Property

When it comes to making extra cash from your property, renting it out would be the first thing that comes to mind. But there are hundreds, if not thousands, of properties out there that are up for rent. So, how can you make yours stand out in the market?

The secret lies in positioning your property to niche markets for better profit. Here are some ideas on how you can make the most out of your property:

Serviced Room for Students

If you live near a college or university and have a room (or rooms) to spare, why not lease it as a serviced apartment for students? Universities typically charge at least RM250 per month for a shared dormitory, which is hardly comfortable for students who need a peaceful and quiet environment to study. It also lacks essential appliances such as washing machine and a stove.

Students aren’t known to pick up after themselves, so by offering additional services such as high-speed internet, laundry, room cleaning, and meals, you can increase your rental (inclusive of utility bills) and still attract tenants. You can advertise your spare rooms on websites such as
iBilik.my
 as well as online student forums and social media.

Sign up for Airbnb

For those who have never heard of
Airbnb
, it is an online community based booking platform. Using it is free and it can be the perfect way for you to reach out to millions of travelers and vacationers who are looking for affordable accommodation.

Add in some decorations and accessories to make your room or home look cozier so it’ll appeal to more people, and start earning from this segment of holiday-goers who seek for accommodation that feels like home!

Set up a Homestay

What makes homestays so unique is the fact that it feels homier than hotels. As a homestay host, you’ll get to interact with your guests on a personal level, promote cultural exchanges and knowledge, while providing a personal experience to travelers and vacationers who seek more than the superficial tourist trail.

You can even turn your home into a bed and breakfast if you prefer to start out small. You can also offer your available rooms to backpackers or travelers on a daily or hourly basis for a small amount.

Rent Out Parking Space

If you have an unused parking space in your apartment or have ample space in your garage to fit several cars, rent it and earn some side income out of it! City dwellers are always complaining about the high parking costs.

So, offer your free parking space to office workers on a monthly or weekly basis at a lower rate than the commercial parking lots, and watch them bite on your offer like bees to honey.

If you’re offering your garage as a parking space, be sure to invest in security features such as surveillance cameras or alarms for your own, and your parking tenant’s safety.

Turn it Into a Co-working Space

Have you ever heard of co-working spaces? It’s a great office alternative for freelancers who don’t wish to work in cafes and their home all the time, as well as new start-ups who can’t afford a full office space yet.

There are a few co-working spaces in Kuala Lumpur such as The Nest in Bukit Damansara and Nook in Bangsar. You can also list your property on
CoWorker

, which works in a similar concept as Airbnb. This is best if you’re thinking of renting out your entire unit instead of just the spare rooms.

You might require some minor renovation to make your property more work-space friendly, so if you’re considering this, it makes sense to take out a low-interest rate personal loan such as Citibank Personal Loan to help finance your property makeover.

Revamp it into an Event Hosting Venue

If you’re willing to invest in your property a little further and turn it into a long-term money-generating engine, turn it into an event hosting venue for parties, weddings and functions. People are willing to pay a lot for event venues,especially when the property is exceptionally well modeled and decorated.

Take a look at popular event hosting venues such as The Greyhouse in Bangsar, Ruang in Shah Alam, Rendezvous Garden in Petaling Jaya and Metal Bees in Sunway Damansara Technology Park for inspirations.

Of course, this might cost you, but it would generate more profit in the future especially if you market your property on websites like
Venuerific
. If you are looking to pursue this idea, you can consider applying for an affordable and high value financing personal loan such as
Citibank Personal Loan
. This can go a long way in helping you establish a stable income from your property.

The above are just a few of the many creative ideas on how you can generate income from your property. We hope you found it inspiring!

If you are looking for a suitable home loan to finance that dream property of yours that will help in generating future income, check out
Citibank FlexiHome Loan
! It’s the perfect home loan for those who are looking to have more flexibility when it comes to mortgage, and it also allows you to withdraw from your excess payments whenever you need that extra cash!

You can learn more about Citibank FlexiHome Loan
here
, or you can apply for it
here
 and get up to RM30,000 cash back + RM2,000 guaranteed cash back!

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Discover Your Future Family Home In KITA Mekar

Along with traditions and customs, every family has their own bonding activities as well. For some, it could be spring cleaning the entire house every Saturday morning or having a TV in each room so that everyone can enjoy their shows peacefully.

In order to comply with these unique quirks, a family needs a home that meets both their current needs and future plans, such as KITA Mekar at KITA @ Cybersouth. A residential neighbourhood that’s ideal for young and growing families who are looking for their dream home. Situated in Dengkil, KITA Mekar would greatly benefit those working at Cyberjaya and Putrajaya who love to be able to send their children to nearby schools, shop at popular malls, and more.

Find out what your future family home in KITA Mekar could look like:

KITA Mekar offers residents a chance to grow their families in a modern yet convenient environment. With practical home layouts for both the old and young, numerous facilities, close amenities, and accessible highways, KITA Mekar was made for families.

KITA Mekar’s single-storey units have fully sold out, while double-storey and townhouse units are still very much available for prospective buyers. For more information, visit
KITA Mekar’s website here!

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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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GSC Introduces Loyalty Programme To Earn GSCoins

Golden Screen Cinemas (GSC) has rolled out its GSC Rewards loyalty programme, which offers a range of exclusive membership benefits, including discounts, giveaways, as well as invites to special events. Key to GSC’s loyalty programme, however, is the ability to earn rewards points – dubbed GSCoins – which you can use to redeem free movie tickets and other items.

As you can expect, GSC Rewards members – which you can sign up as for free, for a lifetime membership – are able to earn GSCoins by purchasing selected items online, as well as at GSC physical outlets and the Aurum Theatre. You will earn 5 GSCoins for every RM1 spent on the following items:

Movie tickets
Concession items
F&B items (including dine-in at Jin Gastrobar and Happy Food Co.)
Merchandises at the Keepsake store at Aurum Theatre, The Gardens Mall ( KL)

Note, though, that you must make your purchases via official GSC channels in order to earn GSCoins; purchases made through third-party platforms (such as wetix) will not be eligible for GSCoins.

The accumulated GSCoins can then be used to redeem the following vouchers:

Vouchers
GSCoins
1x standard ticket (GSC)
2,000
1x thematic ticket* (GSC)
*Includes IMAX, 4DX, ScreenX, Big, D-Box, Dolby, Onyx, and MX4D movie formats
3,000
1x Getha Lux Suite pass
– Aurum Theatre, JB
– Aurum Theatre, KL
8,000
16,000
1x Comfort Cabin/Escape Studio pass (Aurum Theatre)
12,000
RM3 off F&B
300
RM5 off F&B
500
RM10 off F&B
1,000

To start earning GSCoins, you will first need to register as a GSC Rewards member via the GSC mobile app or website, as per the following steps:

Step 1:
 Launch the GSC mobile app or website
Step 2:
Tap on the Me tab on the app, or click on Sign In on the website, followed by Sign up
Step 3:
Key in your name, mobile number, and other required particulars, and click on Submit
Step 4:
Log in and activate your GSC Rewards account

Once done, you can start making eligible transactions to earn GSCoins. As you spend, just make sure to log into your account and scan your member QR code before making any purchases to earn GSCoins. The cinema operator also clarified that you must refresh the validity of your GSCoins by making an eligible transaction within every 180 days (from the date of your last transaction); if you fail to do so, then your GSCoins will be forfeited.

For Hong Leong Bank (HLB) customers with a
GSC-HLB credit card
, you’ll also be happy to know that you are entitled to earn GSCoins as well when you use the card to pay for your paid expenses at GSC – on top of other card benefits that you already enjoy. This includes amounts spent via GSC-HLB on-the-spot-redemptions (OTSR) via GSC’s box office counters.

Similarly, if you’re tapping into any buy-one-free-one movie ticket promotions via other credit cards, you will also earn GSCoins.

Finally, do be aware that members can currently only earn and redeem GSCoins via online channels (GSC app and website). Our check with GSC’s customer service revealed that this is because GSC has only launched the first phase of its loyalty programme. Come mid-August 2022, more upgrades are set to be rolled out, such as allowing members to earn and redeem GSCoins via on-the-ground channels as well.

(Sources:
GSC
,
Lowyat.NET
)

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Former PM Najib Proposes Temporary Covid-19 Recovery Tax Plan, Including Higher Taxes On High-Income Individuals

(Image: Bernama)

Former prime minister Datuk Seri Najib Razak has suggested the implementation of a temporary recovery tax plan to help Malaysia’s economy recover from the onslaught of the Covid-19 pandemic and the subsequent lengthy movement control order (MCO) period. The tax plan will target the affluent group within the country.

“I propose a temporary Covid-19 recovery tax package for two years. This, for example, will include a windfall tax, luxury condominiums development tax, stamp duty on transactions, inheritance tax, stock market trading tax, and higher personal income tax on high-income individuals. After two years, we can end this tax,” said Najib, who is also the Member of Parliament for Pekan.

Najib further proposed for the government to impose a direct tax on the profits derived by tech giants that have a presence within the country, such as Amazon, Google, Facebook, Netflix, and YouTube. The minister argued that many countries – including Australia and Indonesia – are already doing this, and that Malaysia should emulate them.

“These companies reaped profits, but have never been taxed by our country. This (imposed) tax is on their profits, not for the usage by the customers,” said Najib.

(Image: Bernama)

Najib also commented that there is a need for the government to create a more dynamic and appealing environment for the stock market. In line with this, he suggested that the government should once again suspend regulated short selling and script borrowing or lending for at least six months in a bid to stabilise the stock market, as well as protect retail investors.

For context, the
Securities Commission Malaysia (SC)
 and
Bursa Malaysia
 had announced at the end of 2020 that they will uplift the temporary suspension of regulated short selling following heightened market volatility due to the pandemic. The move – which permitted regulated short selling starting from 1 January 2021 – was intended to facilitate investors’ risk management and to revive securities borrowing and lending (SBL) activities.

These proposals by Najib were only a few of the many suggestions that were made. Among others, the minister had also put forward the idea of a new i-Survive loan scheme with a three-year repayment period and a maximum interest rate of 3% for B40 and M40 income groups, as well as the expansion of
i-Citra
 to increase the maximum withdrawal amount from RM5,000 to RM10,000. He also mooted the admission of more international cryptocurrency trading platforms into Malaysia.

(Sources:
Free Malaysia Today
,
Malay Mail
)

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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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Take-Home An Apple iPad Mini or a Samsung Galaxy Tab S7 When You Apply For These Selected Credit Cards

Whether you’re Team iOS or Team Android, the Unbox This Week Campaign is giving you the chance to pick your reward when you apply for selected credit cards!

For those who are new, the Unbox This Week Campaign is a weekly campaign where we present the best deals from our featured bank partners. All you have to do is apply for selected credit cards from these banks through RinggitPlus and you’ll receive exclusively selected gifts!

For this week (18 – 25 October), our featured bank partners include
Citibank, HSBC, Standard Chartered Bank, and CIMB
 – if you have considered applying for any of these banks, check out our latest deal below!

The Big Prize: Apple iPad Mini or Samsung Galaxy Tab S7

Stand a chance to choose your gift of either an Apple iPad Mini or a Samsung Galaxy Tab S7 when you apply for selected cards from any of our featured bank partners this week. Just be one of the 50 randomly selected successful applicants to take home the gift of your choice. Applicants who submit their application from 18 to 25 October, and meet the respective bank requirements are eligible for the prize. Other successful applicants will receive a Giordano Luggage Bag.

Apple iPad Mini

Get started on your big ideas with the iPad Mini’s powerful A15 Bionic chip and a larger edge-to-edge screen. Featuring an 8.3-inch Liquid Retina display, it’s like magic when partnered with the Apple Pencil. The Apple iPad Mini also features Touch ID for fast, easy and secure authentication, an all-day battery life, 12MP wide camera, and so much more.

Samsung Galaxy Tab S7

Dubbed as the most advanced Galaxy Tab, the Samsung Galaxy Tab S7 will change how you work and play. Packed with the Qualcomm Snapdragon 865 Plus Mobile Platform, you’ll be able to multitask seamlessly. With a massive 11” AMOLED Display, Quad Speaker powered by AKG and Dolby Atmos, you’ll be able to enjoy binge-watching in style for 14 hours straight because of its intelligent 10,090 mAh battery.

Read on to find out the individual bank requirements:

Citibank: Activate and spend a minimum of 8 retail transactions on your new card within 60 days upon gaining approval. 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.

Apply for a Citi credit card here.

Standard Chartered Bank: Activate your card within 30 days upon approval to be eligible for this prize. Do be aware that existing cardholders and individuals who have held a Standard Chartered credit card in the past 6 months are not eligible for this campaign.

Apply for a Standard Chartered Credit Card here.

HSBC Bank: Activate and spend a minimum of RM1,000 on your new card within 60 days upon gaining approval. Current cardholders and applicants who were denied within 6 months prior to this campaign, as well as those who have cancelled their HSBC credit cards within 6 months prior to this campaign are not eligible for our campaign.

Apply for an HSBC Credit Card here.

CIMB Bank: Only applications for CIMB e Credit Card are valid for this campaign. Upon approval, you do have to activate and spend any amount to meet the requirements of the campaign and be eligible to win the prize. Existing cardholders of any CIMB credit card and individuals who have held or cancelled a CIMB credit card in the 6 months are not eligible for this campaign.

Apply for the CIMB e Credit Card here.

***

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

While this week’s flash deal ends on 25 October (1pm), you can also 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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About THE AUTHOR

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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HSBC credit cards’ Yes Go 4G Dongle Package promotion

If you want blazing fast Internet, just be speedy with your credit card application. That’s because the first 1,200 customers who sign up for an HSBC/HSBC Amanah Credit Card/-i online will enjoy
a complimentary Yes Go 4G Dongle Package!

The package includes the device itself which is worth RM99, a RM50 activation fee waiver, a RM50 Yes rebate as well as RM50 of Yes credit. Putting it all together, the package is valued at RM249.

Do take note that besides being among the first 1,200 successful applicants, another condition for eligibility is to spend a minimum of three times within 60 days of your credit card welcome letter’s date. Promotion runs from now till 30 April.

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Tax-Free Limit In Langkawi Raised To RM1,000

(Image: The Malaysian Insider)

Prime Minister Tun Dr Mahathir Mohamad has declared that the purchase limit of taxable goods in Langkawi has been raised from its previous cap at RM500. Tourists from the mainland shopping in Langkawi Island can now spend up to RM1,000 on duty-free items.

“I have not yet gotten the approval of my colleagues in the government on how much the people from the mainland can purchase in Langkawi and bring to the mainland,” said Dr Mahathir, who is also the Langkawi MP. “But even though I have yet to get approval, I still want to declare here that we will allow tourists from the mainland shopping in Langkawi not to pay taxes (if they spend up to) RM1,000, not RM500 (previously).”

Dr Mahathir made this announcement during the officiating of the Langkawi parliamentary constituency’s service centre last week. He said the move was to encourage more tourist arrivals to the island, thus uplifting the socio-economic status of the residents here, and reiterated his assurance that Langkawi would retain its duty-free status.

The new limit does not include liquor and cigarettes which are harmful to health, so the current restrictions on these items remain. The Excise Duties Order implemented in Langkawi in 2016 limits each visitor to three cartons of cigarettes, five litres of liquor, and three crates of beer per month.

According to Dr Mahathir, Langkawi is well-known as a world tourist destination, but still needs more outside investments to implement projects and build factories, giving its people good job opportunities, good wages, and a higher income.

“They have to work hard,” Dr Mahathir pointed out. “Nevertheless, I am confident that the people of Langkawi are hardworking – they will work and get good salaries from their employers.”

(Source:
New Straits Times
)

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Take Home Exciting Prizes Like iPhone 13, Shopee Voucher & More

The Unbox This Week credit card campaign is back with a handful of exciting gifts for you to take home!

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

For this week (23 May – 30 May 2022), our featured bank partners are

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

Citibank – Apple iPhone 13 & Apple Airpods

Successful Citibank applicants who activate and spend with their new Citibank credit cards will get a chance to win the iPhone 13! For those who don’t win the smartphone, they’ll take home the Apple Airpods 2nd Gen complete with a charging case.

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 – RM800 Shopee e-voucher

If the item that lingers in your mind is still in your Shopee cart, maybe this is the perfect opportunity to have it checked out. Applicants who apply, activate, and spend with their new HSBC credit card will take home a guaranteed RM800 Shopee e-voucher! So whether it’s an electronic gadget, cleaning device, or a trendy fashion item you’ve got your eyes set on, let this Shopee e-voucher pay for it for 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 – PerySmith Air Fryer OR URBANlite Trapez 24’’ Luggage

Standard Chartered is providing a guaranteed gift to ALL accepted applicants, with choices for you to select from! Would you like the PerySmith 4.2L 3D Air Fryer for easy meal preps or do you prefer the URBANlite Trapez 24″ 8-Wheel Spinner Hard Case Luggage for your next fun trip away from home? Just apply, activate, and spend to take home your selected guaranteed gift.

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

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

The options don’t end there! Alliance Bank is also offering a guaranteed gift when you apply for a new Alliance Bank credit card. Want to buy yourself something new or order food from your neighbourhood cafe? Then you may want to opt for the RM200 Shopee e-voucher.

Otherwise, if you have your next adventure lined up, a brand new URBANlite Edge 20″ Expandable 8-Wheel Spinner Hard Case Luggage

may come in handy!

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

AmBank – Morgan Air Fryer

Having an appliance that can help you prepare food while you’re occupied with other tasks can be of great help, especially on busy days. An air fryer can help you do just that with much less oil! AmBank is giving all successful applicants a guaranteed Morgan Air Fryer that you can complete your kitchen with.

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

***

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

While this week’s flash deal ends on 30 May (11am), do follow us on our
Facebook page
 to receive the latest Unbox This Week offers as we refresh the deals every week.

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Lisa Ameera Azman

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Get Protected Throughout Your Recovery With PRUAll Care

Oftentimes, when we think about being diagnosed with an illness, whether it may be fatal or not, most of us are focused on survival and physical recovery.

Unfortunately for some, the road to recovery can be trying and may have effects that are often overlooked and underestimated. These effects include mental health issues, financial worries, and physical struggles or weaknesses.

Whether or not you’re insured, the domino effects of being diagnosed with a serious illness can be inevitable. To understand the common but underestimated domino effects of serious illness in detail, we take a look at Amelia’s story.

With benefits that include intensive care with essential life support, post-surgery recovery, and mental health,
PRU
All Care is a plan that offers coverage for both physical and mental health. Applicable for those from 14 days old to 70 years,
PRU
All Care provides coverage to protect you against the unforeseen effects of serious illnesses.

For more information on
PRU
All Care, head to their
website
 or contact a Prudential Wealth Planner.

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Total Care Before and Beyond.

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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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UOB Shares Schedule For Migration Of Citi Accounts, Taking Place Between 14 To 16 July

UOB Bank has shared a more detailed update regarding the timeline of the upcoming migration of Citi’s credit cards to its ecosystem, complete with key milestone dates that Citi cardholders should take note of.

On its FAQ page, UOB highlighted several important dates where changes will be implemented on selected Citi services, starting from 11 July 2023. Here’s the full list of dates that you should pay attention to as an existing Citi customer:

Key milestone dates
Details
11 July – 16 July
Citi Rewards Points redemption service to be discontinued
, as announced previously
14 July (8pm onwards) – 16 July
– Migration in progress to transfer Citi accounts to UOB.
– Services may be interrupted, including your access to Citibank Online Banking, Citi Mobile App, and cash advance withdrawals.
17 July onwards
– Customers to download
UOB TMRW app
 and register for UOB online banking. Existing UOB customers can just log in to view your migrated accounts.
– Cardholders to continue using existing Citi credit cards to access UOB credit card features.
– All credit card payments to be made to UOB using the same card number.
– Redeem your rewards points, including those previously earned, through UOB Rewards+.
October onwards
New UOB credit cards to be delivered to customers. You can activate your cards to continue enjoying the benefits.

UOB also stated that it will keep all customers notified of any upcoming changes and important information that they need to be aware of throughout the whole migration process. Additionally, the bank will guide their customers along the way on what needs to be done next.

For cardholders in particular, UOB will also send you a “welcome communication” to let you know when your new UOB card(s) is on its way to you, starting from October. Between post migration (after 16 July 2023) until then, you can continue to use your Citi-branded credit cards with the corresponding updated UOB card benefits.

“There will be no change to your card number, CVV, or expiry date immediately post migration, allowing it to operate as normal. To make the migration from your new UOB credit card(s) as seamless as possible, there’ll be sufficient notice and reminders sent prior to any interruption to your Citi credit cards,” the bank reassured, adding that your credit limit will also remain unchanged; your existing limit will be applied to your migrated credit cards as well.

(Image: Bernama)

In addition to that, UOB stressed that cardholders will not be required to update any personal information, make any applications, or cancel any of their Citi credit cards for the migration process. Communications detailing the key changes post migration will also be sent to you – although you can also keep yourself updated via the
FAQ page here
.

For context, UOB had
acquired Citi’s consumer banking business in Malaysia in early 2022
, after Citi announced its intention to
exit from retail banking in a total of 13 markets in April 2021, including Malaysia
. Following that, UOB began the gradual process of transition in November 2022 after successfully
obtaining a vesting order from the High Court
 to transfer Citi’s consumer banking assets and liabilities to UOB. Since then, the bank has been introducing revisions to several of its cards to facilitate the process, including the
UOB ONE Classic and Platinum
,
UOB Lazada card
, and the
UOB Preferred card
. It also introduced some new cards, such as the
UOB Zenith, PRVI Miles Elite, and World
.

(Source:
UOB
)

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Alex Cheong Pui Yin

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

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HLB Revamps Hong Leong Sutera Credit Card, 8x Points On Online Spend & Essentials

Hong Leong Bank (HLB) is enhancing the features of its Hong Leong Sutera Platinum Credit Card, with changes coming into effect from 1 September 2021. Cardholders will now get 8x rewards points everyday on online spend, groceries and essentials, dining, and overseas spend using the revamped Sutera credit card.

Currently, the Hong Leong Sutera Platinum Credit Card offers 6x rewards points on overseas spend, 3x rewards points on dining, and 3x rewards points for weekend local spend. All other spend garners 1x rewards points. Following the revamp, the Sutera credit card offers a higher points multiplier and more opportunities for cardholders to earn points from their daily spend.

You can refer to the Hong Leong Sutera Platinum Credit Card’s new rewards points benefits in detail below.

Spend Category
Eligible Merchants/Transactions
Rewards Points
Online Spend
– Lazada
– Shopee
– Grab
– Foodpanda
– Touch ‘n Go
– MYEG
– Spotify
– Netflix
– Apple Music
(Applicable to both e-wallet top-ups and food delivery transactions)
8x
Groceries & Essentials
– Grocery stores including Giant, Cold Storage, Jaya Grocer, Mercato, etc.
– Drug stores and pharmacies including Guardian, Watsons, Caring Pharmacy, etc.
– Selected convenience stores – MyNews and 7Eleven
8x
Dining
Dining outlets
8x
Overseas
Any non-MYR retail spend
8x
Others
All other eligible retail spend
1x

Besides the rewards points benefits, HLB has also made revisions to the other features of the Sutera credit card. Effective 1 September, the complimentary access to the Plaza Premium Lounge in KLIA and KLIA2 will be discontinued. However, the automatic coverage for travel accident and inconvenience benefits of up to RM1.7 million will remain in place.

Meanwhile, the annual fees of the Hong Leong Sutera card will be lowered come September, from RM400 for principal cardholders and RM200 for supplementary cardholders to RM120 and RM60 respectively. The annual fee will be waived with a minimum spend of RM15,000 in a year. The minimum income requirement to become a Sutera cardholder will also be reduced from RM60,000 to RM36,000.

If you are an existing Sutera cardholder, you will not be receiving a new card replacement unless your card is expiring – the revision is simply a product feature change to your existing card and there will be no card replacement exercise taking place. If you have any enquiries about the
Hong Leong Sutera Platinum
 revamp, get in touch with HLB via
[email protected]
.

(Source:
Hong Leong Bank
)

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Enjoy Discounts at Carbon Brasa with UOB Credit Cards

UOB credit cardmembers, you’re welcomed to dine-in at Carbon Brasa where you’ll be spoilt with a variety of Malaysian and Western dishes at the same time be eligible for savings up to 10% off your total food bill. This offer however does not extend to tobacco products or alcoholic beverages.

This discount is valid from 2 May till 31 December 2013 but is not applicable with other offers, promotions, discounts, set menu, functions, special events and loyalty programmes. Click here for the full
Terms & Conditions
.

Click
here
 to find a UOB credit card that suits your lifestyle.

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Finance Minister: RM5.2 Billion BPN Cash Has Been Disbursed To 7.6 Million Eligible Recipients

(Image: The Sun Daily)

Finance Minister Tengku Datuk Seri Zafrul Aziz has announced that the government has disbursed a total of RM5.2 billion to 7.6 million eligible Malaysians through the Bantuan Prihatin Nasional (BPN) initiative as of 19 April 2020.

The figures shared included the payments made to 400,000 recipients who do not own bank accounts, belonging to the B40 income category. According to Tengku Datuk Seri Zafrul, this group of recipients received their BPN aid in cash through Bank Simpanan Malaysia (BSN) counters.

“I am touched by the BSN officers who were dedicated to helping the recipients. Some staff helped those who could not walk and others handed them mineral water,” said the minister. He also expressed his gratitude to BSN, the Inland Revenue Board (LHDN), and the police force for their assistance in distributing the BPN cash aid.

Tengku Datuk Seri Zafrul also said that out of the RM5.2 billion, RM480 million was credited into the bank accounts of 1.2 million recipients from the M40 income group. Additionally, LHDN has received more than 3 million new applications and appeals. If approved, these recipients will get their payments in May 2020.

(Image: Bernama)

In his
statement
, Tengku Datuk Seri Zafrul further reassured the Malaysian public that the government will explore other long-term digital banking solutions to assist those without bank accounts and other individuals who were left out of the system.

The
BPN cash aid
, which was announced as part of the
Prihatin Economic Stimulus Package
, is a one-off payment offered to those in the B40 and M40 income groups. The payments are to be carried out in two parts –
once in April
, and once in May – and will be deposited directly into the bank accounts of eligible individuals, except for those who do not have one. Those without active bank accounts will be paid in cash at BSN branches.

The BPN cash aid
 is also open to
bankrupt or blacklisted individuals
, and they may make
online applications
 at LHDN’s
official website
 or its
quick link
.

Following the end of the aid disbursement in April 2020, LHDN had urged all approved BPN recipients who have yet to receive their payments to
update their bank account details
 by 30 April 2020.

(Source:
The Star
)

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About THE AUTHOR

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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AirAsia, Grab, Axiata Subsidiaries Among Eight Companies Approved To Provide Online Loans

The Ministry of Housing and Local Government (KPKT) has granted approval to eight companies to operate online moneylending businesses, thereby allowing them to provide online loans to the public.

Classified by KPKT as “licenced community credit” companies, leading the list of approved companies are AirAsia Bhd’s new entity
BigPay Later
, Grab’s financial unit
GrabFin Malaysia
, and
Axiata Digital Capital
. Other companies that also obtained KPKT’s approval include:

Presto Credit Sdn Bhd
: Manages PrestoPay, an e-wallet within e-commerce platform PrestoMall

GHL Payments
: A unit of GHL Systems Berhad, a leading payment service provider in ASEAN

JCL Credit Leasing
: Japanese-owned financial services firm that provides a range of products, including personal and business loans, credit sales, and insurance sales

Fortune Tree Capital
: Online trader and money-lender

Hoop Fintech
: Fintech company offering solutions including micro-lending and crowdfunding

The chief executive officer of AirAsia Group, Tan Sri Tony Fernandes said that this approval to provide online loans will soon enable people to get fast loans at low interest rates. He also hoped that the financing will provide people with the chance to do business and have a decent life.

View this post on Instagram

A post shared by Tony Fernandes (@tonyfernandes)

“In this Covid-19 pandemic period, this financing will be available to the B40 group (and) the aim is trying to get loans approved in minutes,” said Fernandes. He further added that although the B40 group will be the biggest beneficiary from this approval, the financing aid will be made available to people from other income bands as well.

Meanwhile, the head of lending for Grab Finance Malaysia, Henry Ho emphasised that access to financial services is important for individuals, micro, small, and medium businesses. “This has become more important following the outbreak of Covid-19,” he said.

KPKT’s approval for these companies was announced during the virtual launch of the ministry’s online money lending guidelines. KPKT, which governs the moneylending business, had drafted the guidelines for the implementation of online moneylending transactions by licensed community credit companies. With this, the government hopes to narrow the digital technology gap, as well as allow community credit transactions to be carried out more efficiently following new norm requirements.

On top of that, the guidelines are also an effort at modernising the money lending industry – in line with the industry’s rebranding efforts – and at creating a more conducive, secure, and orderly money lending business environment.

(Source:
The Edge Markets
,
DealStreetAsia
)

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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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    Omar

    1 year ago

Ha ha good disbursement of B40 incentives. Sure collections

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Unifi Mobile 99 Plan Now Available At Just RM59 Monthly Until Year End

Telekom Malaysia (TM) is offering the Unifi Mobile 99 postpaid plan for just RM59 a month, almost 40% less than the usual RM99. This promotion will run until 31 December 2019 and is only available to new subscribers.

The discounted Unifi Mobile 99 plan offers new users the same unlimited data, calls, and SMS that existing users already enjoy. In addition, the plan also comes with a generous monthly 10GB LTE hotspot pass that can be utilised when users are within the LTE coverage area.

The promotional price is only available on a 12-month contract – if you opt for the no-contract option, you will be charged the standard full price of RM99 per month. The good news, however, is that the price will remain at RM59 even after your 12-month contract ends.

Customers who subscribe to a new number under the plan will be charged with an upfront payment of RM100, but customers from other telcos who wish to keep their existing mobile numbers will have the RM100 upfront payment waived for a limited time. As for Unifi Mobile members on any existing plan, unfortunately you cannot change your plan in order to enjoy the special price.

Interested customers may visit TMpoint outlets, TM Authorised Dealers, other authorised resellers nationwide, or the
official Unifi website
 for more information.

While this plan saves subscribers a yearly total of RM480, making it especially worthwhile for mobile users who heavily consume data on-the-go, Unifi Mobile’s LTE network coverage remains substantially smaller and slower than the leading telcos.

(Source:
Amanz
)

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Budget 2021 Passed At Final Reading In Parliament

(Image: Malay Mail)

Budget 2021 has been officially passed in Parliament after getting through its third and final reading in the Dewan Rakyat today.

A total of 111 Members of Parliament (MPs) voted in favour of the national Budget proposed by the Perikatan Nasional government, while 108 MPs voted against the Bill. One MP was absent during the vote carried out today.

Earlier on 26 November, the Bill had been passed at the policy stage with a voice vote. The Budget was then debated at the committee stage and allocations for all 27 ministries were scrutinised and subsequently passed. The Bill will now go to the Senate and then submitted to the Yang di-Pertuan Agong for royal assent.

At RM322.54 billion, Budget 2021 is the largest Budget in Malaysian history. You can find out more about the highlights of Budget 2021 both from when it was first
announced
 and during the
winding up of the Budget
 before the policy stage vote.

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Jacie Tan

Jacie Tan

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