Flexible Financing Available for SkyVogue Residences @ Taman Desa, A Low-Density Condominium

“
A Low-Density Prestige Condominium at a Strategic Location in between KL & PJ Cities
,”
 – with this description, one may imagine that a property with these criteria may fetch a price tag that could stretch one’s finances thin. Even more so today, as we are still recovering from the financial challenges that come with the pandemic. Cashflow is prioritised and committing to new monthly expenses warrants a second thought.

However, as the economy begins to recover, one could also find attractive deals that can help reduce the financial constraints for those looking to purchase a property. One such deal is the Home Ownership Campaign (HOC) 2020-2021 introduced by the government. The campaign allows buyers to enjoy more savings with the benefits such as FREE MOT & Loan Stamp Duty which can free up buyers’ money for other plans such as a home renovation or saving for emergencies.

Besides that, for those who are looking for alternative financing, there is also Maybank HouzKEY Homeownership Plan that provides greater flexibility and cash flow efficiency, specially designed to assist those who intend to buy a home but are unable to due to the high initial cost. With Maybank HouzKEY, buyers can enjoy 100% full financing with ZERO Downpayment, No Payment during Construction, and the Lowest Monthly Payment. Great news is that the SkyVogue Residences @ Taman Desa is available with Maybank HouzKEY at RM1,580* per month. Additionally, homebuyers get to enjoy the benefits of HOC with Maybank HouzKEY too.

So, if you have been setting aside your finances for the purpose of buying a property, now could be the time to do some property shopping. And if a luxurious, low-density home in a strategic location is on your list – SkyVogue Residences @ Taman Desa could be worth considering. Here’s why.

SkyVogue Residences @ Taman Desa, Your New Dream Home

Step into SkyVogue Residences’s virtual show unit, one could not help but be fascinated by its classy luxurious interior design but yet, not too flamboyant as its name “Vogue” may imply. This is because SkyVogue Residences also spots modern minimalist interior corners that exude sophistication.

With a total of only 333 residential units, SkyVogue Residences is a low-density condominium served by four high-speed lifts for multi-generational families to call home besides also welcoming single individuals looking for a spacious personal abode in a communal setting. At only 11 units per floor of the 45-storey block condominium, you will find the perfect balance of personal space and neighbouring companionship.

Ideal for any generation, SkyVogue Residences offers 3 different unit layouts ranging from 1,085 to 1,400sq.ft. that come with 3-4 bedrooms and 2-3 bathrooms. SkyVogue Residences features ample dining and living space, inter-connected with a large balcony to create a seamless and fuller appearance if space is on your checklist.

Innovative Design for Modern Living

SkyVogue Residences uniquely holds many eco-friendly, aesthetically pleasing, and technologically advanced features that will bring an elevated quality of life for its residents.

It will provide a Seamless Mobile ID Access System with its dedicated mobile app for residents called SkyWorld Connects.

SkyWorld Connects will allow residents to conveniently access the car park, lobby, lifts, and common areas with just one mobile ID without the need to fumble with keys, and thus, helps to enhance security around the residence area. It will also provide contactless access for residents, suiting to the new normal due to the pandemic.

Furthermore, to continuously elevate the residents’ s living experience, SkyVogue Residences will integrate with the Lift Destination Control System (DCS), the first residential development equipped with DCS in Malaysia. By calibrating SkyVogue Connects residence data, DCS will assign a lift to take residents to the respective unit floor. This results in shorter transit time, fewer intermediate stops, and saves electricity.

Other than that, SkyVogue Residences will also incorporate Automated Waste Collection System (AWCS), a hygienic and concealed waste movement system to provide the residents with a cleaner, healthier, and more quality living environment.

SkyVogue Residences complies with world-class standards, including the QLASSIC Assessment for good workmanship and the Green Building Index (GBI) for environmental sustainability. True to its reputation as one of the best all-around residential projects of 2021, SkyVogue Residences is recently named winner of the Residential High-Rise Architectural category at the Asia Pacific Property Awards 2021-2022 with the emphasis on heightened design that fuses modern minimalism with quality living.

Pamper Yourself with Resort-Like Facilities

Residents will also be spoiled with a myriad of resort-like facilities such as Infinity Lap Pool, Wading Pool, Aqua Lounge, Sky Gymnasium, Yoga Room, Sky Pavilion, and Barbecue Area.

The resort-like concept offers residents space that can nurture their wellbeing be it after a long day at work or on the weekend with their loved ones especially at the highest vantage point of the tower, where a glorious city or greenery view accompanies dreamy evenings.

The technologically advanced side of the SkyVogue Residences is equally complemented by the green facilities available in the property. When in need of a “walk in the park” or simply green sanctuary to ease tired eyes, facilities like a forest garden, herb garden, and fitness park will be available.

SkyVogue residents can enjoy a lifestyle of daily enrichment and community, with a variety of amenities and social spaces spread across multiple levels. These facility areas create avenues for neighbours to connect amidst refreshing natural environments, while providing individuals with space for personal respite from the hectic city life.

Connected by Major Highways and Essential Amenities

A highly sought-after address, SkyVogue Residences is located in Taman Desa, the urban centrepoint of Kuala Lumpur and Petaling Jaya cities. Homebuyers will be delighted to know that SkyVogue Residences also lies in the vicinity of prominent upcoming developments. For instance, the upcoming world-class city financial hub – Bandar Malaysia & TRX is merely less than 5KM away.

Meanwhile, the neighbourhood is a harmonious blend of idyllic nature and modern convenience which is highly accessible via the MEX Highway, Federal Highway, SPRINT Highway, and the KL-Seremban Highway. It is close to various schools (VIKAS International School, Kuen Cheng High School), medical centres (Taman Desa Medical Centre, Pantai Hospital KL, Assunta Hospital, Beacon Hospital), and transportation hubs (upcoming MRT Kuchai, LRT Bangsar, KTM Mid Valley).

Shopping destinations such as MidValley Megamall and Bangsar Shopping Centre (BSC) lie within 2KM driving distance, so one can easily hop over for daily necessities, groceries, lifestyle, and luxury items, or even hang out with friends over sumptuous dining and high tea.

Own A Unit Today With More Savings, From As Low As RM581,000*

Did SkyVogue Residences check all your boxes?

This could be your chance to own a unit in the SkyVogue Residences, a luxury property from as low as RM581,000* with more savings in conjunction with the HOC 2020-2021. But hurry up, as the campaign will end in December 2021.

Alternatively, SkyVogue Residences is also available with Maybank HouzKEY Homeownership Plan. What’s more, you will also be entitled to more savings from HOC benefits with Maybank HouzKEY!

For more information about SkyVogue Residences, you can visit the
website here
. To visit the show unit at SkyWorld Gallery @ Bukit Jalil, you can contact a sales representative at (03) 2727-7560 to book your appointment.

*Terms and conditions apply

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Sign up for RHB Smart Pay and get up to 10,000 reward points or RM50 cash back

RHB credit card holders now have an extra incentive to go for its Smart Pay auto billing service –
heaps of rewards points or cash back
.

That’s right. You’ll enjoy an easy 10,000 reward points or RM50 cash back when you sign up at a minimum of RM300 in total bill amount, and maintain it for the next 12 months. Signing up for at least RM100 over the same duration will earn you 5,000 reward points or RM25 cash back.

So never forget another bill again and be rewarded handsomely while you’re at it too. Register for RHB Smart Pay before the promotion ends on 31 March.
Terms
 and
FAQs
 explain further.

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Win Big With Touch ‘n Go eWallet’s “The Big RM2,000,000 Weekly Draw”

With the Shared Prosperity Vision 2030 agenda highlighting the digital economy as one of Malaysia’s key economic driving forces from here on out, Touch ‘n Go eWallet has been working hand in hand with the government to promote a cashless lifestyle among Malaysians. At the forefront of this is the e-Tunai Rakyat initiative, a one-off RM30 incentive given to eligible Malaysians to encourage the use of e-wallets.

As one of the three e-wallets partners selected for the initiative, Touch ‘n Go eWallet is further rewarding its users with additional premiums and offers.

Learn how you can be part of Touch ‘n Go eWallet’s biggest and most thrilling campaign yet: The Big 2 Million Weekly Draw!

Through the government’s e-Tunai Rakyat initiative, Touch ‘n Go eWallet hopes to show Malaysians that it is a safe and secure digital payment method, with various other perks to add value to your day-to-day life.

The best part, though, is definitely the exciting
cashback benefits and promotions
 that you can benefit from when using the Touch ‘n Go eWallet, including movie ticket discounts, promo vouchers, as well as exclusive events such as Big RM2 Million Weekly Draw.

If you’re interested to find out more about the
Big RM2 Million Weekly Draw
, do visit the Touch ‘n Go eWallet website before it ends on 10 March 2020!

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FLYsiswa RM300 Flight Ticket Subsidy Is Now Open For Application

The Ministry of Transport (MOT) has officially opened applications for the RM300 flight ticket subsidy initiative for public university students, which was
announced last month
. Dubbed the FLYsiswa initiative, eligible students will receive a digital voucher worth RM300 that they can then use to purchase flight tickets for domestic routes with participating airlines.

Here’s a quick rundown of the initiative, and key information that you should know before you proceed with your application:

What is the FLYsiswa initiative all about?

(Image: Malay Mail/Azneal Ishak)

Simply put, FLYsiswa is an initiative focused on public university students, where they are provided with a total of RM300 subsidy that can be used to purchase flight tickets (one-way or return, economy class) for domestic routes between Peninsula and East Malaysia. However, these routes must be between the students’ place of origin and their place of study, as described below:

Students from East Malaysia who are studying in Peninsula Malaysia

Students from Peninsula Malaysia who are studying in East Malaysia

Students from Sabah who are studying in Sarawak or the Federal Territory of Labuan

Students from Sarawak who are studying in Sabah or the Federal Territory of Labuan

Students from the Federal Territory of Labuan who are studying in Sabah or Sarawak

Implemented through a credit shell – which is something like an open ticket or credit note to be used for future bookings – participating airlines will first issue a digital voucher to you. You can then use the voucher to purchase your flight tickets; if your current ticket costs less than RM300, then you can keep the remaining balance to use for the next purchase.

How to check my eligibility?

Students will first need to check their eligibility on
MOT’s FLYsiswa page
 by keying in their MyKad number and the name of their universities. If you’re eligible, then you can start the redemption process with one of the following five participating airlines:

Malaysia Airlines (MAS) and MASwings

airasia

Batik Air

MYAirline

Firefly

The exact steps to redeem your voucher will differ for each airline, but in general, you’ll be required to fill in and submit an application/registration form, after which you’ll receive your voucher code via email within two to three business days. To enjoy the subsidy when purchasing your flight tickets, key in the voucher code during the checkout process – and you’re done!

Note that some airlines may also have an additional requirement for you to sign up for their travel programmes in order to tap into this RM300 subsidy. One example of this is MAS, where you’re required to
sign up for its MHexplorer student travel programme
 (for youths aged 13 to 26).

Meanwhile, public university students who are found to be ineligible for the subsidy can file an appeal to the Ministry of Higher Education (MoHE) through their respective universities.

When will the FLYsiswa application and redemption period end?

You can redeem your FLYsiswa vouchers between today until 31 December 2023, but the purchase of flight tickets for travel after the voucher redemption deadline is allowed.

***

(Image: Harian Metro)

The FLYsiswa initiative is expected to benefit a total of 56,000 public university students nationwide, with a budget allocation of RM16.8 million. MOT also noted in its announcement that this initiative is one of several that is being implemented to strengthen the relationship between Peninsular Malaysia and Sabah, Sarawak and the Federal Territory of Labuan – in conjunction with the national month celebration in August. It can also address the cost of living issue, in line with the government’s
Ekonomi Madani framework
.

(Source:
Ministry of Transport
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

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

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HSBC Removes Cashback Benefits Of Discontinued HSBC Amanah MPower Credit Card-i

HSBC Bank has announced that it is fully removing the cashback benefits of its discontinued HSBC Amanah MPower credit card-i, and this change will take effect starting from 1 November 2021.

The existing cashback benefits of the HSBC Amanah MPower credit card-i include 1% cashback on all overseas purchases and 0.5% cashback on local expenses. Once the revision takes place in November, neither of these benefits will apply any longer; cashback will not be awarded for both overseas and local spend anymore.

The other benefit of the card, meanwhile, remains unchanged. For a donation to any cause made using this card, HSBC pledged to contribute a 1% equivalent of your donation amount to its supported charities.

HSBC Amanah MPower Platinum credit card-i

The HSBC Amanah MPower credit card-i should
not
be mistaken for the entirely different
HSBC Amanah MPower Platinum credit card-i
. This card offers up to 8% cashback on e-wallet, groceries, and petrol spend, on top of a 0.2% cashback on other eligible spend, and there are no revisions for this card.

The HSBC Amanah MPower credit card-i, on the other hand, has already been discontinued some time back although there are some customers who still hold the card.

(Source:
HSBC
)

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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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Shopee’s 11.11 Sales Is Back Once Again, Offering Customers Bigger And Better Deals

Shopee has kickstarted its 11.11 Singles’ Day sales, with many deals and promotions waiting in store for shoppers. Running until 11 November, the popular shopping platform is running its latest mega sales in a format very similar to its recent
9.9 Super Shopping Day
.

As usual, customers have much to look forward to: free shipping with RM11 minimum spend, daily coins cashback up to a whopping 111%, and even a chance to purchase a brand new Toyota Vios for just RM1. Of course, this is on top of the great deals that will be on offer by the sellers taking advantage of Singles Day.

As expected, the highlight of this year-end sales is Shopee’s One or Not bargains. For just RM1, shoppers stand a chance at winning a brand new Toyota Vios as well as other high-value items. Interested buyers can “buy” their desired item for RM1, with winners randomly chosen thereafter. All unsuccessful participants will get a full refund. Note that Shopee’s One or Not deals are only available in-app.

Apart from offering great bargains across different brands with different themes daily, Shopee is also partnering with major banks to offer vouchers to their respective cardholders this time round. Participating banks include CIMB, Citibank, HSBC, RHB, Standard Chartered, and UOB.

In conjunction with Singles’ Day, Shopee has a specially dedicated Singles Hour on 11 November, happening twice at 11am and 11pm.

To spice things up, customers can play a variety of games while they’re browsing the mobile platform. Shopee Catch takes place twice daily at 11am and 11pm, while Shopee Strike also runs daily and can be played up to a maximum of 3 times in one day.

Furthermore, customers also have the opportunity to win vouchers from Shopee’s Voucher Together-gether activity. All they have to do is invite friends to the voucher group of their preference. Once the group is full, the voucher will be unlocked and would be theirs to claim.

For the very first time, Shopee is holding a charity campaign in collaboration with the National Cancer Council Malaysia (MAKNA) as a sign of support for cancer survivors. All donations and contributions from its inaugural campaign will go towards funding cancer research, support services, and the treatment of disadvantaged patients.

(Source:
Shopee Malaysia
,
Lowyat.NET
)

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AXA AFFIN Introduces AXA eMedic Plan For Families

AXA AFFIN Life Insurance (AXA) has launched an eMedic medical insurance plan for families, known as the AXA eMedic Family Plan. This online plan provides coverage for the whole family that can be collectively managed with one e-medical card, and is available to Malaysians as young as 15 days up to 49 years of age.

Purchasing this plan entitles policyholders to renew it until they turn 80 years of age. Available in three options (Plan 20, Plan 50, and Plan 100), annual coverage ranges from RM20,000 to RM100,000, with the lowest premium starting at RM150 per month for a family of four.

Application is simple as the whole process is completed online and as AXA claims, its plan can be purchased in just 10 minutes. After answering 3 questions, applicants obtain swift approval. Moreover, customers who purchase the AXA eMedic Family Plan are entitled to a 5% discount on the total premium.

As this eMedic plan is an e-card, it allows policyholders admission to any AXA Affin panel hospital as long as they present their eMedic digital medical card.

Previously,
AXA’s eMedic plan
 was launched in April 2018 for millennials aged between 16 to 39 years old. It made waves for being the first online medical card in the Malaysian insurance market.

(Source:
AXA Affin
,
FintechNews Malaysia
)

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TikTok Signs Agreement With Atome To Offer BNPL Payment Option On TikTok Shop

TikTok has entered into a partnership with buy-now-pay-later (BNPL) service provider Atome, which will allow the online platform to offer instalment payments as a payment option on its TikTok Shop in Malaysia.

In a statement, TikTok said that once the new feature is rolled out, users will be allowed to spread out the cost of their purchases on TikTok Shop over a period of three or six months, depending on their preference. This, in turn, will “offer their [TikTok’s] consumers a convenient and flexible payment option”, said the e-commerce lead of strategy and special projects at TikTok Shop, Jonathan Low.

“TikTok Shop is about elevating the shopping experience for consumers and providing brands and small businesses with opportunities to drive growth, all of which is done by bringing together content and commerce,” Low further stated.

(Image: Getty Images/Bay Ismoyo)

Similarly, the head of commercial for Atome, William Yang said that this collaboration is set to drive growth for online businesses. “By integrating Atome as a payment option on TikTok Shop, we’re excited to help drive e-commerce growth and support brands of all sizes, but especially small and medium enterprises and young entrepreneurs,” he said.

At present, there is no concrete timeline as to when TikTok Shop will introduce the BNPL payment option for users. Meanwhile, TikTok Shop itself is still relatively young in Malaysia, having only been
launched in the country in March last year
 as part of TikTok’s recent bid to expand into e-commerce in Southeast Asia.

TikTok Shop’s immediate rivals are e-commerce giants, Shopee and Lazada, both of which also have their own BNPL payment options (
SPayLater
 and
LazPayLater
).

(Sources:
The Edge Markets
,
CNN
)

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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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CIMB Opens First Branch With Integrated Sustainable Features At IOI City Mall

CIMB Bank has opened its first branch with integrated sustainable features at the IOI City Towers @ IOI Resort City in Putrajaya, which will allow the bank to reduce its environmental impact and foster a more inclusive banking environment. These environmental and social inclusion considerations are reflected not just in the architectural designs of the new branch, but also in its daily operations.

In terms of design, the branch incorporates features that will help to reduce energy consumption and emissions, including energy-efficient cooling and lighting systems, sustainable construction materials with recycled content, and reused office furniture. Additionally, it comes with facilities and services that will make customers’ banking experience more inclusive. Among other things, there will be a priority ATM lane with improved accessibility for customers with special needs – which is a first for CIMB’s Malaysian branch network – as well as wheelchair services and special lowered counters.

To complement these efforts, CIMB is also taking an ESG-first approach in promoting its banking solutions at the branch. In other words, it will prioritise offerings like green home financing, electric vehicle (EV) financing, solar financing, ESG wealth products, B40 financing, and environmentally focused deposits.

(Image: The Star)

Chief executive officer of group consumer and digital banking of CIMB Group, Effendy Shahul Hamid stressed that such branches are important to ensure that all customers feel welcome and included when banking with CIMB.

“Banking is not just about a product or service, but also about ensuring we anticipate customer requirements and provide them with the best banking experience across every touchpoint. That is why we are proud to introduce this first of its kind branch in Malaysia that fully exemplifies our commitment to social inclusion and reducing our environmental impact,” said Effendy.

CIMB also highlighted that it will prioritise the integration of sustainable and socially inclusive features into its branch network moving forward. New branches will be designed to minimise environmental impact and emissions, while existing branches will be retrofitted and enhanced with energy-efficient lighting and cooling systems, as well as enabled to tap into renewable energy. The bank will also work to equip all branches with wheelchairs by 2023, and increase the number of branches with wheelchair ramp access by 2024.

Finally, CIMB stressed that it is committed to achieving carbon neutral operations by 2030. As part of this commitment, it has already reduced greenhouse gas (GHG) emissions in its Malaysian branch network by 16% from 2019 to 2022. It aims to double this figure in the next two years.

(Source:
CIMB Bank
)

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Alex Cheong Pui Yin

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

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Lenovo’s Yoga Is Powered By Smarter Technology To Help You Work More Efficiently

You’ve seen it in movies about a futuristic world where intelligent robots and humans co-exist in an efficient collaboration. Even through futuristic vision in movies, it’s undeniable that smart technology can transform the way we work.

While we may not be in the future depicted in popular fiction yet, it’s evident in the latest Lenovo Yoga series that we’re heading the right way. In this article, we discover how Lenovo Yoga series* – specifically Yoga C940 and Yoga S940, can elevate your work efficiency with its Smarter Technology.

Now equipped with a collective of Artificial Intelligent (AI) features powered by 10
th
 Generation Intel® Processor, these Lenovo Yoga models are perfect for working professionals who want high performing laptops and are always on the go. Recognisable through its refined craftmanship, bold innovation and premium experiences, they’re more than just its premium look.

*Available in variation of Windows 10, Windows 10 Home and Windows 10 Pro, depending on selected model

It learns your habits and optimises its AI features accordingly

The latest devices in Lenovo Yoga series such as Yoga C940 and Yoga S940 are co-engineered with Intel®, so it’s no wonder that they’re powered by the latest, most powerful
10
th
 Generation Intel® Core™
 processor – making them smarter, and more intuitive.

With 10
th
 Generation Intel® Core™, Lenovo Yoga is capable of learning and adapting to your daily usage habits which allows it to direct its optimum power to where and when you need it the most. For example, if you’re a content creator or a graphic artist, you will appreciate this smart feature as it enhances the AI technology which subsequently optimises the visual performance of your Yoga laptop. This eventually, improves your working experience.

Yoga’s AI features lets you get into business efficiently at once

While we’re on the topic, let’s explore some of the AI features available in these selected Yoga models. Both Yoga C940 and S940 are equipped with optimised AI features, which let you get right into business with just a
flip to boot,
 skipping the power button and without the waiting. Adding onto the convenience, if your work requires you to operate with multiple screens, you’ll be glad to know that these latest Yoga models allow you to move your content from your laptop to a monitor with just a gaze, thanks to its
eye tracking capability
.

Besides these intelligent hands-free, seamless start up and content management features, you can also be rest assured that your laptop stays secured when left unattended with its
smart walk-away lock
.

With Yoga C940, you can be forgetful

If you’re someone who easily forgets where you’ve placed your keys and is always misplacing small items, know that Yoga C940’s is designed with you in mind. One of its key features is the Garaged Pen with charging dock, which can be easily stored in a dedicated slot in the Yoga itself. Not only that, it automatically charges the pen when inserted. This way, you get to keep your pen in hand, while also never having to worry about forgetting to charge it.

Garaged Pen with charging dock, available with Yoga C940 only

Slim and sleek, Yoga S940

Be immersed in stunning display and excellent audio system

Work does not have to be a drag. To amplify your working experience, the Yoga C940 and Yoga S940 come equipped with a 14-inch display that supports up to 4K IPS HDR with Dolby Vision™; immersing you in crisp and dynamic visuals, making it difficult for you to look away – perfect for visual and content designers.

Yoga S940, the world’s first laptop with contour glass that wraps around its bezels for an enhanced edge-to-edge screen experience

Yoga S940, along with a 4K display edged with razor-thin bezels for the finest screen experience is optimised with Dolby Vision™ and Intel® Iris® Plus graphic performance. Its Dolby Atmos™ speaker system complements its visual performance like a perfect symphony. Meanwhile, Yoga C940 boasts a unique Rotating Dolby Atmos Speaker System that will always face you, however you’re using your Yoga.

Enhancing both visual and audio performance of both Yoga models, are their shared AI features that will filter ambient noise and blur out background noise so you can better focus on your music, conference calls or a movie. Now, who says work can’t be fun?

One of its kind, Yoga C940’s Rotating Dolby Atmos Speaker System offers premium audio quality at every angle

Ready to go, even on your first use

Depending on your Yoga model, your laptop could come with preloaded software that are essential for work. Which also means that you can immediately get going right after your purchase. Some noteworthy software available are:

Lenovo Vantage

which simplifies your PC experience by making it easy for you to personalise your laptop settings from easy migration from old to new laptop, free WiFi Protection, Lenovo Security Advisor and more.

Microsoft Office Home or 365

Depending on which Yoga model you selected, your laptop will come with preloaded Microsoft Office Home or Microsoft Office 365 which usually require separate purchase from vendor. With preloaded Microsoft Office, you can get to work immediately right after your purchase.

Lenovo Yoga series are made for professionals who want to take their work a step ahead. Through Lenovo Smarter Technology powered by Intel®, this optimises Yoga’s performance that will elevate your working experience further. With prices starting from RM4,099, you’ll surely find the perfect
Lenovo Yoga
 to help you start working even smarter for both your career and personal use. For more information, check out Lenovo Yoga series
here
.

Yoga C940’s Garaged Pen lets you expand your creative possibilities

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CIMB Will Be Discontinuing The CIMB Tesco Platinum Credit Card

CIMB has announced that it will be discontinuing the CIMB Tesco Platinum credit card following “a strategic review between CIMB and Tesco Stores Malaysia Sdn Bhd”. However, the bank has yet to reveal the effective date of the discontinuation, stating instead that it will inform cardholders in a later notification.

The CIMB Tesco Platinum credit card provides up to 5% cashback when you spend at Tesco (capped at RM50), depending on your minimum monthly expenditure. It also lets you earn extra Tesco Clubcard points, even for non-Tesco retail expenses. The earning of these points is set at the rate of 1 Clubcard point for every RM2 (Tesco spend) or every RM4 (other retail spend).

In its announcement, CIMB also clarified that it will issue a new replacement card for affected cardholders, allowing them to enjoy similar benefits and features based on their eligibility. The bank will replace the CIMB Tesco Platinum credit card with the
CIMB Cash Rebate Platinum
 credit card.

Depending on your minimum spend, the
CIMB Cash Rebate Platinum card
 lets you enjoy either 2% or 5% cashback on cinema, petrol, groceries, and standing instructions on mobile phone and utility bills – capped at RM30 in total each month. Meanwhile, other retail or online spend will earn you unlimited 0.2% cashback.

Aside from that, CIMB said that any outstanding balances, auto billing, standing instructions, and other relevant transactions on the CIMB Tesco Platinum credit card will also be automatically transferred to the replacement card once it is successfully activated.

However, if the cardholder already has an existing CIMB Cash Rebate Platinum credit card, no replacement cards will be sent. In this case, the bank advises cardholders to transfer all auto billing, standing instructions, and other obligations to another valid card prior to the cancellation of the CIMB Tesco Platinum credit card.

(Image: The Star)

In the meantime, cardholders can still use their CIMB Tesco Platinum credit card without interruption until the effective discontinuation date. In fact, you will continue to earn Tesco Clubcard points as you spend on the card during the transition period. The accumulated points will be transferred to your Tesco Clubcard on a monthly basis.

For more information about the
discontinuation of the CIMB Tesco Platinum credit card
, you can head on over to CIMB’s website. Alternatively, you can also contact the bank’s contact centre at 03-62047788.

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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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BNM Announces Commercial Launch Of Cross-Border QR Payment Linkage With Indonesia

(Image: Bloomberg)

Bank Negara Malaysia (BNM) has announced the commercial launch of the cross-border QR payment linkage between Malaysia and Indonesia, following a successful pilot that took place since early 2022. With this, Malaysians and Indonesians will be able to conveniently make instant retail payments via QR codes at more avenues and merchants when visiting each other’s country.

“The commercial launch of this linkage sees the number of participating financial institutions, which include non-banks, increase. This will enable more Indonesians and Malaysians to make instant retail payments in either country by scanning Quick Response Code Indonesian Standard (QRIS) or DuitNow QR codes at physical stores or online merchants using services offered by participating financial institutions,” said BNM in a joint statement.

For context, the Quick Response Code Indonesian Standard (QRIS) is Indonesia’s equivalent of our DuitNow QR – a national standard QR code that allows merchants to accept payments from customers regardless of which bank or payment system providers they use.

Meanwhile, local financial institutions that have thus far enabled cross-border QR payments in Indonesia include Hong Leong Bank, Public Bank, Maybank, as well as Touch ‘n Go (TNG) eWallet. Similarly, participating financial institutions from Indonesia that have done so as well include Bank Sinarmas, Bank Permata, LinkAja, and Ottocash. You can find the
full list here
.

“Many more users from Malaysia and Indonesia will benefit from a secure, more seamless and more efficient experience to make and receive cross-border payments. This in turn has significant potential to boost economic activities, including tourism spending in our two countries. The payment linkage will also help expand markets for some businesses and facilitate increased settlements in local currency, thereby improving financial outcomes,” said the governor of BNM, Tan Sri Nor Shamsiah Mohd Yunus.

Tan Sri Nor Shamsiah also commented that this linkage will contribute to the ASEAN region’s development as a centre of growth, alongside other bilateral payment linkages within ASEAN that are currently being established.

(Image: Reuters/Ajeng Dinar Ulfiana)

Meanwhile, the governor of Bank Indonesia (BI), Perry Warjiyo stressed that the commercial launch of the Indonesia-Malaysia cross-border QR payment linkage will especially benefit micro, small, and medium enterprises (SMEs and MSMEs). This is especially through the promotion of faster, cheaper, more transparent, and more inclusive cross-border payments.

“The QR payment linkage will strengthen the close economic ties between Indonesia and Malaysia. It would support a more inclusive and stronger post-pandemic economic recovery. As international travel gathers momentum, the payment linkage is expected to not only provide travellers with greater convenience, but also benefit the tourism and retail sector of both economies,” said Warjiyo.

BNM and BI first announced the
pilot phase of the Indonesia-Malaysia cross-border QR payment linkage back in January 2022
. At that time, the commercial launch was scheduled for the third quarter of 2022, with subsequent plans to expand the linkage to support cross-border remittances as well.

(Source:
BNM
)

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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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Public Bank Click2Win is the Easiest Contest to Enter

Use your Public Bank Online Banking and Win Great Prizes.

The RinggitPlus.com Team is always telling their friends and family to do more banking online with a credit card, it saves so much time and hassle. Seems like Public Bank agree with us, because they’re offering a load of great prizes to customers who use their Internet Banking service in the
Click2Win competition
.

Getting in to Win is simple – just use Public Bank Internet Banking. For every RM100+ transaction you make you’ll be in the draw to win.

So, every time you make a Bill Payment, Quick Pay Fund Transfer, Interbank Fund Transfer or Western Union Remittance you have a chance to win a Samsung Galaxy Note II or Petronas Gift Vouchers.

The Public Bank Click2Win competition runs from 1
st
 December 2012 until 31
st
 March 2013. You can
download the Terms & Conditions
 for more info.

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AirAsia Launches Its E-Hailing Service, AirAsia Ride

AirAsia Group Bhd has officially launched its e-hailing service, AirAsia Ride, as one of the offerings within the group’s super app. It aims to benefit passengers with greater convenience and more competitive prices, as well as drivers with better income opportunity.

At present, the AirAsia Ride service is available only within the Klang Valley, although there are plans already in place to expand the service to other states – including Penang, Johor, Kelantan, Sabah, and Sarawak – by the end of 2021. In terms of functionality, AirAsia Ride works pretty much the same as other e-hailing services; you are able to book a ride by entering your pick-up and drop-off destinations.

That said, one of the things that makes AirAsia Ride somewhat interesting is the types of rides that you can choose from. There are options such as:

Allstar
Anyride
Compact
6-seater
Taxi
Premium
Premium MPV

Each option is, of course, distinctively different, targeting different needs among passengers. There are the more common Anyride and Compact Ride options, which let you find the closest or more affordable ride, respectively. There is also the pretty special Allstar Ride option that lets you get picked up by AirAsia pilots or cabin crew. Fares on AirAsia Ride are set at an average of RM1 per kilometre, excluding toll charges. You can book on-demand rides or pre-book your rides in advance.

Aside from that, passengers will soon be able to use their BIG Points to pay for their rides, enabling them to enjoy lower fares in addition to free rides. There are also plans to allow customers to pre-book AirAsia Ride for their journey to and from the airport, as well as to partner with electric vehicles and spearhead the drive for sustainability.

The chief executive officer of the AirAsia super app, Amanda Woo said that this latest move is part of AirAsia’s continuous digital transformation journey to become the top super app in the ASEAN region. “We have been championing air mobility by flying over 700 million people around the world over the past 20 years, and with AirAsia Ride, we aim to empower people to move around more easily, making full use of the AirAsia super app technology to enjoy amazing experiences,” she shared.

Meanwhile, the chief executive officer of AirAsia Ride, Lim Chiew Shan highlighted that AirAsia Ride implements a “driver-forward” concept that enables its driver fleet to improve their overall income. According to AirAsia, its driver partners will take 85% of the net fares (excluding toll charges) – which is higher than the rate offered by other ride-hailing services in the market.

“At the moment, we have about 1,500 registered drivers and with our nationwide expansion, we expect 5,000 more to come onboard in the next six months,” said Lim, adding that drivers will find AirAsia Ride to be a viable part-time job option and side income opportunity. AirAsia also said that its fleet of drivers are 100% vaccinated for Covid-19, with the drivers to be tested regularly.

For context, AirAsia had previously confirmed its
intention to venture into ride hailing
 back in March 2021, saying that this was part of its push for business diversification. According to local tech site, Lowyat.NET, AirAsia Ride appears to be the result of
AirAsia’s acquisition
 of local ride-hailing platform, Dacsee.

If you’d like to give AirAsia Ride a try, there is currently an ongoing introductory promotion that lets you get RM3 off for your first ride (“AARIDE3”), valid between today until 30 September 2021. Head on over to the
AirAsia Ride webpage
 to find out more.

(Sources:
AirAsia
,
The Edge Markets
)

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Eat For Free With These Top Tips

There’s no such thing as a free lunch they say, but what about all those free dining offers that come with reward redemptions? Is it really possible to eat for free?

The truth is, you can enjoy free dining by picking and choosing only the most valuable rewards earned from membership to your favourite restaurants, loyalty programmes, and even credit card swipes.

Get ready for a gastronomic freebie as we show you how to #GetMore for your dining budget by scoring complimentary meals. Here are four tried-and-tested tips to sink your teeth into.

Tip 1 – Join a Restaurant Loyalty Programme

If you take advantage of rewards directly from restaurants, be sure to choose ones of which you’re a fan. Staying loyal and earning points becomes that much easier because you’ll probably visit more often and thereby collect points faster.

The
Nando’s PERi-Vilege programme
 is a great example of a rewarding restaurant loyalty programme that lets you eat for free. Basically, as a member, every time you patronise the restaurant and spend a minimum of RM30, you will be awarded with a maximum of one ‘chilli’ (reward points unit) per day.

You can then proceed to redeem free food for every 3rd, 6th and 9th chilly collected. What’s better is that it is supported by the Nando’s app so you can easily keep track of your rewards.

Keep your eyes peeled for other eateries that offer such rewards – you never know which juicy promotion you’re losing out on by keeping your blinders on!

Tip No. 2 – Look for Credit Card Rewards

Each credit card will offer differing reward and redemption programme, with free meals certainly not out of reach. Banks often offer direct discounts if you swipe at certain eateries but what you want is a FREE meal!

How can you do that? By redeeming
credit card reward
 points!

Every bank’s point system will differ but it isn’t hard to find a programme that allows you to redeem free cash vouchers at selected eateries. For example,
HSBC
 will give you an
RM50 cash voucher in exchange for 15,000 points
 valid at eateries such as Dragon-i, Sakae Sushi and Nando’s amongst others.

Check out your own credit card for the cash vouchers you can redeem for points – there are sure to be dining vouchers available.

If you don’t have a rewarding credit card –
it’s time to switch!

Tip No. 3 – Find a Good Multi-Brand Rewards Point Card

A reward card like
Bonuslink
 or
BCard
 serves many brands so it is easier for consumers to rack up points. For example, you can earn points while shopping at Borders, renewing your road tax, or even while purchasing tickets to the Zombie ApoKLypse!

At the same time, cards like these provide variety for redemptions as well. For instance, if you have accumulated 1,960 BCard points, you can use it to redeem a free Kenny Roger’s Quarter Meal. If that’s not your thing, you can also use your points to get cash value meal vouchers; 1,900 BCard points nets you a RM20 voucher from Papa John’s Pizza.

Tip No. 4 – It’s My Birthday and I’ll Eat For Free if I Want To

Although, a rare promotion to find in Malaysia; word on the street is that it does exist! All you have to do is keep your eyes peeled whenever you dine out to find the lurking promos.

A lot of eateries offer discounts on your birthday but few will give you a full-on free meal. We found only one in our search:
Shogun by Saisaki Japanese Buffet Restaurants
 offer birthday boys and girls a free dinner IF they come with 3 paying adults.

If you know of any more free birthday meal places – let us know in the comments!

The Fine Print of Free Dining

Man wasn’t made to live by Mi Maggi alone, so utilising rewards for free dining is really helpful for those looking to save more while dining out.

The majority of free dining promotions will come with some restrictions, so make sure the limitations are worth the trouble.

Of course, in your zeal to scarf down all that free food – do take a moment to ask or check the terms and conditions of your freebie meal before taking it up. This is to make sure you aren’t paying other hidden costs to enjoy the bargain.

You can certainly #GetMore for your dining budget by being the ultimate cheapskate and seeking out free meals. Why wouldn’t you?

Did you like learning how to #GetMore when dining in this article? Follow our #GetMore hashtag on your favourite social media channels as we bring you more tips on how you can get more for your money in everything from travel to shopping and dining until the close of 2015. Who wouldn’t like to #GetMore for their money?

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Malaysian Takaful Industry On Upward Trend Despite Covid-19 Challenges This Year

The Malaysian takaful industry has continued its upward trend in promoting and enabling more Malaysians to obtain new family takaful protection, despite the challenges of 2020.

For the first nine months of the year, the family takaful new protection value has increased 14% compared to the corresponding period in 2019, with new business contributions increasing by 3.2%. The family takaful new protection value stands at RM364.2 billion, arising from RM4.84 billion new business contributions registered.

“This encouraging decent growth is evidence of the positive effects from re-opening of the economy from Covid-19 especially during the third quarter of 2020,” said Malaysian Takaful Association (MTA) chairman Muhammad Fikri Mohamad Rawi. “The industry will also continue to promote takaful digitally and continue to play its role in providing protection to Malaysians.”

More than ever, takaful operators have actively used digital platforms such as social media and webinars to promote takaful awareness. “We aim to educate the public on the essence of takaful, the importance of protection, and to share some affordable plans available in the market,” shared Fikri. He added that the industry’s growth also reflected the increasing awareness on the importance of takaful protection – especially during the pandemic period.

As a whole, the family takaful industry added 573,718 new certificates, a marked single digit increase of 7.2% from 535,426 new certificates issued during the same period in 2019. The annual contribution new business figures grew moderately by 6.7% to RM0.99 billion, while the single contribution new business increased slightly by 2.4% to RM3.86 billion.

As for the total family takaful business’ in force sum covered, the number grew by 12.3% to RM1.06 trillion while the number of in-force certificates grew by 5.2% to 5.36 million certificates. This resulted in an improved penetration rate of 16.4% compared to 15.7% last year.

The general takaful industry also registered a decent growth of 3.6% with the net claims incurred ratio increasing from 55.6% to 57%. At a proportion of 65.3% in gross contribution, motor takaful maintained the largest class of business with a proportion of 65.3% and its NCIR also increased from 68.9% to 71.4%. Fire takaful remained the second largest class with a slight increase of 3.2% in gross contribution.

Looking ahead to 2021, MTA’s projection is that the takaful sector will remain moderate but positive, given the forecast of resilient private consumption coupled with the still-low takaful penetration rate of 16.4%.

(Source:
MTA
)

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KKMM: MySejahtera Can Be Developed To Become A Super App

(Image: Malay Mail/Yusof Mat Isa)

The Communications and Multimedia Minister, Datuk Saifuddin Abdullah has commented that the MySejahtera app has the potential to become a super app in the future, expanding to include features such as e-commerce, education, and delivery services.

Super apps
 are mobile apps that can provide an assortment of services within a single platform.
AirAsia
, for instance, has called referred to its app as such, with 15 types of products and services under three pillars: travel, e-commerce, and fintech. Other big names include
Grab and WeChat
.

“With this, we at KKMM (the Ministry of Communications and Multimedia) will continue with effort to develop not only the telecommunications infrastructure but also double the use of digital technology to realise MyDigital’s aspiration for the benefit of everyone towards the Fourth Industrial Revolution (Industry 4.0) and common prosperity,” said Datuk Saifuddin said in a statement.

(Image: The Sun Daily)

Datuk Saifuddin also noted that the mySejahtera app – which is used by nearly 25 million Malaysians – has helped the government in managing information on infections, as well as monitoring the epidemic and registration for vaccine jabs in real-time. In particular, it has aided the Ministry of Health (MOH) and Ministry of Science, Technology, and Innovation (MOSTI) in their tasks.

“The Covid-19 pandemic has encouraged the need to adapt to digital methods in healthcare services, whereby the most important and effective initiative is by creating the MySejahtera app,” added Datuk Saifuddin.

(Source:
The Sun Daily
)

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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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Win RM5,000 Cash Via DuitNow, SHARP 4K UHD 60" TV, And More

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

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

From 22 to 29 May 2023, our featured bank partners are

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

HSBC Bank – SHARP 4K UHD 60″ TV

Win a SHARP 4K UHD 60″ TV when you apply for an HSBC Bank Credit Card this week! Watch movies, videos, and play games on a 60” screen along with AQUOS 4K Ultra HD that boasts life-like images.

Don’t worry if you’re not selected as you will still walk away with guaranteed RM600 TNG eWallet Credit.

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

Standard Chartered Bank – RM800 TNG eWallet Credit

Everyone’s a winner – get up to RM800 TNG eWallet Credit guaranteed to you when you apply for a Standard Chartered Credit Card! Applicants who submitted their latest EPF Statement as their income document when applying for the credit card will get a guaranteed RM800 TNG eWallet Credit. Meanwhile, those who submitted  other income documents will get a guaranteed RM700 TNG eWallet Credit.

Share it with family and friends, spend it on essentials, or save it up for future purchases – it’s all up to you.

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 Mijia Water Dispenser C1 or Xiaomi 70mai Dash Cam 1S

Take home a guaranteed Xiaomi Mijia Water Dispenser C1 or Xiaomi 70mai Dash Cam 1S  when you apply for a new Alliance Bank Credit Card.

The Xiaomi Mijia Water Dispenser C1 comes with handy features like fast heating, temperature display, and is best of all, guaranteed to you when you apply for an Alliance Credit Card with Balance Transfer.

Meanwhile, you will receive the Xiaomi 70mai Dash Cam 1S that lets you capture footage while you’re driving with a 130° wide angle view, and more when you apply for an Alliance Credit Card.

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

RHB – RM5,000 Cash Via DuitNow

Win our grandest cash gift ever – RM5,000 cash via DuitNow – when you apply for a RHB Credit Card! Save it up, spend it on loved ones, or invest it – it’s all up to you.

For those who are not selected, you will still walk away with a guaranteed RM400 TNG eWallet Credit.

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

Public Bank – Panasonic nanoeX Air Purifier

Keep the air around you clean and fresh with the portable Panasonic nanoeX Air Purifier. Get a chance to win one when you apply for a Public Bank Credit Card.

Enjoy myriad benefits with the Panasonic nanoeX air purifier including better skin hydration, unpleasant odour reduction, inhibition of major allergens, pollens, airborne bacteria, and viruses.

If you’re not selected, you will still walk away with a guaranteed Case Walker Gorgeous Luggage.

All you need to do is complete your application via the RinggitPlus website, get approved by Public Bank, and make an accumulative spend of RM250 within sixty (60) days of approval to be guaranteed this gift. Apply for your Public Bank credit card
here
.

***

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

While this week’s flash deal ends on 29 May 2023 (11am), do follow us on our
Facebook page
 to receive the latest Unbox This Week offers as we refresh the deals every week.

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Top 5 Current Accounts In Malaysia

Also known as a checking account, a current account will always come with a chequebook, convenient for businesses to make payments to their creditors. If you write a lot of cheques, you should get a current account. You can withdraw money whenever you wish, and set up standing orders and direct debits for your monthly payments such as your housing loan, car loan, utility bills and other regular expenses.

Choosing the right account

In the
Malaysian current account marke
t, you will definitely be spoilt for choice, with every bank claiming that they offer the best banking experience for its customers. But when it boils down to it , what are the things that really matter when choosing the right current account? Depending on what kind of user you are, there are a few things to look out for:

If you always have extra cash sitting around, you might want to milk it for all it’s worth with an interest bearing current account. While
savings accounts
 tend to offer better interest rates, quite a number of banks also offer attractive interest rates for their current accounts, but usually only with high deposit amounts.

When you need some extra financial support, your bank will allow you to borrow money from your current account via an overdraft, so you can spend more than you have. Always compare overdraft interest charges between banks if you are planning to use one.

Other hidden charges, such as a maintenance fee or service charge if you fail to keep a minimum balance in your account. These fees can be as low as RM10 every 6 months. If you know you’re not disciplined enough, find an account without a required monthly balance.

We have done some digging around, and have found the top 5 best current accounts in Malaysia below:

Top 5 Current Accounts

1. RHB MaxCash Account

Interest rate:
 up to 2.75% p.a.

Service Charge
: RM5 on balances less than RM1,000

ATM card annual fee:
 RM8

Without the need of a recommendation from an introducer, you will be able to apply for the RHB MaxCash Account, given that you are at least 18 years of age. Your chequebook will be issued for free, and the only thing you will need to pay is 15 cents for each leaf.

At RM10,000, the initial deposit amount can be quite high for some customers, but to make up for it, you will get to enjoy interest rates of up to 2.75% p.a. Your interest earnings will be calculated daily, and credit monthly straight into your account. Other notable features include complimentary ATM card, both phone and internet banking via RHBNow, 3 free cash withdrawals per month, and 24-hour customer care service.

Strong points:
 introducer not needed, high interest rate

Weak points:
 high initial deposit, RM5 fee on balances less than RM1,000

2. CIMB Money Multiplier Account

Interest rate
: 2.5% p.a.

Service Charge:
 None

ATM card annual fee:
 RM8

Again, there is no need for an introducer when applying with CIMB. You can open an individual or joint account with another person, provided that you are at least 18 years old and have RM1,000 in hand. You will also be given a chequebook and ATM card upon approval.

Daily interest of 2.5% p.a. will be paid for balances above RM10,000. Unfortunately, for those who don’t have RM10,000 or more, you will not earn any interest on your daily balance. There will be no maintenance fee for the CIMB Money Multiplier Account, and just like the RHB MaxCash Account, you will only be allowed 3 free withdrawals a month, either through cheque, ATM or over the internet.

Strong points:
 no maintenance fee, high interest rate

Weak points:
 no interest on balances below RM10,000

3. Citibank Max Yield Account

Interest rate
: up to 3% p.a.

Service Charge:
 None

ATM card annual fee:
 RM8

This is no ordinary bank account. The Citibank Max Yield Account will grant you higher interest earnings the more deposit and investment products you have with Citibank. For example, if the value of your unit trusts, bonds, and savings account with Citibank is valued at more than RM500,000, you will receive 3% p.a. in interest yields. To open an account, you will need a minimum amount of RM5,000.

Unlike other current accounts, you get the privilege of free cash withdrawals at over 20,000 Citibank ATMs the world over! Other benefits include free direct debit service and online banking via Citibank Online for all your banking inquiries and account management using Online Global View.

Strong points
: high interest rates of up to 3% p.a., free ATM cash withdrawal

Weak points
: high initial deposit RM5,000, need additional Citibank products to earn higher interest

4. Maybank2u Premier

Interest rate:
 up to 1.91% p.a.

Service Charge:
 RM10 per half year, on balance less than RM1,000

ATM card annual fee:
 RM8

You can apply for the Maybank2u.Premier account with only RM500 in deposits, individually or up to 4 joint accounts – no introducer needed. This is mainly an online current account with easy access to your account from anywhere at all via Maybank2u. If you prefer to speak to a customer service consultant, you can use Kawanku Phone Banking for any inquiries you might have.

You will enjoy earning a up to 1.91% p.a. in interest for deposits over RM500,000. However, you will only start earning interest for deposits over RM5,000.

Additionally, but slightly underwhelming, for monthly average balances of RM5,000 and above, you will also be rewarded with 5% bonus interest on the interest of your monthly average balance.

Strong points:
 5% bonus interest on the interest of your monthly average balance, fast and easy online banking

Weak points:
 RM10 maintenance fee

5. Bank Rakyat eCurrent Account-i

Interest rate:
 up to 3.89% p.a.

Service Charge:
 None

ATM card annual fee
: RM8

You will only need a deposit of RM500 and be at least 18 years old to open the Bank Rakyat eCurrent Account-i. You will however, need an introducer in order to successfully apply for this current account. As the name suggests, you will be able to access Bank Rakyat online banking anytime to make a transaction and to manage your account.

Since this is an Islamic account, interest earnings are prohibited. Instead, you will earn profit based on your average daily balance at a rate of up to 3.89% when you deposit RM100,000 and above. Aside from that, profit rates are pretty average at 0.75% p.a. for balances below RM30,000. Additionally, you will receive monthly statements for absolutely free.

Strong points:
 high interest rates, free monthly statements

Weak points
: profit not guaranteed

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AIA Malaysia Launches First-In-Market Mental Health Solution For Workforce

(Image: ThoughtFull)

AIA Malaysia has launched Mental Health Solution, a new offering that enables employers to provide end-to-end mental health support for their employees. Offered in collaboration with digital mental health platform ThoughtFull, it is said to be the first of such solutions made available in Malaysia.

According to AIA, Mental Health Solution is provided under its
Total Corporate Solution
, an umbrella programme that provides a range of protection and benefits for employers to cover their workers’ needs. Mental Health Solution, specifically, allows insured employees to gain digital access to mental wellness coaching and resources, as well as obtain mental health coverage.

The services and coverage offered under Mental Health Solution are as follows:

1. Digital access to mental wellness resources (through ThoughtFull app)

Unlimited one-on-one access to certified mental wellness coaches for daily coaching
Self-guided learning content and wellness tracker
Mental wellness programmes, webinars, and workshops
24/7 wellness hotline for crisis interventions

2. Mental health coverage

Covers consultations, medication, and treatments provided by psychiatrists or physicians for mental health conditions
Covers employees’ dependents
Offers cashless and reimbursement options

“We’re seeing more and more members of the workforce struggle with mental wellness, which has been exacerbated by the [Covid-19] pandemic. It is detrimental not only to the individual’s emotional wellbeing, but also to the nation’s productivity,” said the chief corporate solutions officer of AIA Bhd, Tung Hsiao Ley, adding that organisations will have to step up their efforts in addressing mental health issues among their employees.

AIA also cited data from its
AIA Vitality survey carried out in 2019
 (Malaysia’s Healthiest Workplace), which reported that the Malaysian workforce was increasingly sleep deprived and overworked. In fact, 51% of the respondents said that they were suffering from at least one dimension of work-related stress, while 53% was getting less than seven hours of sleep per day.

“With the launch of our comprehensive Mental Health Solution, we [AIA] believe that we have achieved a breakthrough in responding to a market need that is very real,” Tung further noted. She also said that Mental Health Solution will help support employers as they provide better care for their staff, thereby improving employees’ quality of life and resulting in a healthier and more productive workforce.

(Source:
AIA Malaysia
)

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Transport Minister: E-Hailing Fare Hike Due To Supply-And-Demand Imbalance, High Traffic Volume

(Image: The Star)

Transport Minister Datuk Seri Dr Wee Ka Siong has said that several factors played a part in the recent surge in e-hailing fares, with supply-and-demand imbalance and high traffic volume being the key culprit. This came following claims that
e-hailing fares have soared by up to 400%
 during peak hours.

According to Dr Wee, the number of drivers registered with some e-hailing companies has dropped by over 30% compared to pre-pandemic times. In contrast, the demand for e-hailing services has increased since the country began transitioning into an endemic phase for Covid-19 beginning 1 April, with economic activities quickly picking up.

“These factors have had the most effect on the fare algorithms employed by e-hailing operators (EHOs) which account for many factors, including distance, traffic volume, weather patterns, as well as market supply and demand. They all play a part in the increase in fares lately,” Dr Wee stated.

(Image: New Straits Times)

Aside from that, Dr Wee explained that the e-hailing fare is made up of two applicable charges: the base fare and surcharge. While the government does not regulate the base fare, he said that the surcharge must not exceed two times the base fare (taking into account peak rates and fuel prices). “EHOs are permitted to set their fare structures based on their own formulae and terms of service with their consumers in a free market,” he added.

Dr Wee further said that EHOs have reassured that they will look into increasing the number of drivers so that the fares can be better regulated, following a meeting with the Ministry of Transport and the Land Public Transport Agency (APAD). There are currently more than 130,000 individuals with licences to work as e-hailing drivers, but the number is set to increase with more people applying to become drivers for 21 EHOs nationwide.

“At the same time, the government will also continue to ensure that more EHOs along with taxis and buses are available to provide commuters with more choices,”  Dr Wee also said, adding that the government will continue to monitor the e-hailing industry to ensure fairness and to prevent consumers from being burdened by high fares.

(Source:
The Edge Markets
)

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Volkswagen Is Offering Perks That Help You Save Money

If a continental car has always been on your wish list, this season is a good time to make that dream come true. From now until the end of the year, Volkswagen is offering some huge money-saving deals on the Passat and Tiguan, which include lower car loan interest rates and 5 years free maintenance.

Take a look at the all-in-one benefits you get when you buy a Volkswagen Passat or Tiguan – as well as all the money you can save if you book before
31 December
!

As you can see from the figures above, choosing a Passat or a Tiguan can save you a whole lot of money. On top of that, Volkswagen also offers you the peace of mind with its service and after-sales offerings, along with roadside assistance and unlimited mileage warranty.

So, whether it’s a sophisticated sedan or a family SUV that you want, this is a deal that you can’t miss! Be a wise shopper and maximise your savings by booking the
Volkswagen Passat
 or
Volkswagen Tiguan
 by 31 December 2019.

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Bursa Malaysia's Latest Virtual Learning Programme Offers Safe Introduction To Stock Trading

Bursa Malaysia Bhd has launched a one-of-a-kind virtual education platform to help interested individuals learn stock investment strategies and equity portfolio management from licenced analysts. Dubbed the “Mirror, Learn and Trade” (MLT) programme, it is built upon the concept of mirror trading.

Mirror trading is essentially a social trading style where investors can automatically copy trades performed or executed by another person, and it has been gaining traction with today’s investing community.

“Bursa Malaysia is committed to offering innovative ways of learning about the ins and outs of trading in the stock market, as we evolve with the times to reach out to a new generation of investors,” said Chief Executive Officer of Bursa Malaysia, Datuk Muhamad Umar Swift. He added that the MLT programme is targeted at those who wish to begin investing in the stock market, but are unsure of what shares to buy and how to develop a share investment strategy.

Datuk Muhamad Umar also said that the programme will be complemented by Bursa Malaysia’s other education programmes, on-ground events and roadshows.

The
MLT platform
 is accessible for free on Bursa Marketplace, where each user is given RM100,000 virtual money to perform trades based on real-time market information. They then choose from a line-up of 10 licenced analysts to follow, mirroring his or her trading strategies for each stock in their portfolio and learning the rationale behind each move. The analysts will also share the latest stock market updates with the users.

To further promote public interest and create excitement, the MLT programme is running a monthly prize giveaway, which starts in December 2019 and ends in May 2020.

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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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Grab Introduces Monthly Deluxe GrabFood Plan At RM25, Worth RM125 In Value

Regular users of GrabFood can now subscribe to Deluxe GrabFood at RM25 per month where as much as RM125 can be saved with the multiple discounts offered in the plan.

The subscription plan contains offers such as free delivery coupons as well as discounts off food orders. 40% off is given for 1 order with a minimum spend of RM40 – capped at RM20. You will also get to enjoy RM10 discount for 3 orders (minimum spend RM15), and get free deliveries for 15 orders (minimum spend RM10).

To subscribe to the plan, look for it on the Grab app homepage under
Deluxe GrabFood Plan
 and select
Get This Plan
. Pay for the plan with your GrabPay Credits and find the voucher under
My Rewards
 to start enjoying the discounts.

Only GrabFood orders in Klang Valley, Penang, Melaka, Johor Bahru, Kota Kinabalu and Kuching are eligible and it cannot be used together with other promotions.

The plan will be automatically renewed every 30 days so if you wish to cancel, do so before the start of a new cycle to avoid being charged. After cancelling, you will still be able to use your existing vouchers until the end of the billing cycle.

Deluxe Grabfood plan is an excellent option for those who order food regularly via GrabFood. This new plan complements the existing subscription plan by Grab called the
Grab-It-All Pass
, which offers better value for those who get both food and rides with Grab. At only RM50 per month you will get vouchers worth RM110 that includes RM4 off for 15 Grab rides and ten free delivery on GrabFood orders (minimum order of RM20).

(Source:
Grab
)

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HSBC Rolls Out Mobile Secure Key Feature, Offers More Convenience

HSBC Malaysia has rolled out the new Mobile Secure Key on its HSBC mobile banking app, a feature to generate security codes so that customers can log in and approve transactions more quickly and securely. With the introduction of this function, HSBC customers will be able to skip the hassle of carrying around a separate physical Security Device for their internet banking.

For context, some existing HSBC accountholders are provided with a small physical Security Device – which looks like a mini-calculator – to help them authorise their internet banking transactions. The device is used to generate a one-time security code, which customers can then use to approve their online payments. The new Mobile Secure Key is the digital version of this device, housed within HSBC’s mobile banking app for increased convenience.

According to HSBC, the Mobile Secure Key provides added security to your online/mobile banking experience. With the feature now on your smartphone, only you will have access to your accounts and banking transactions. Furthermore, you will need to take an extra step to key in your 6-digit PIN or carry out biometric authentication to unlock the Mobile Secure Key, thus adding another layer of protection.

The Mobile Secure Key can also be activated on up to 3 devices, ensuring that you always have the flexibility and convenience to carry out your banking needs anytime and anywhere.

To activate the Mobile Secure Key, make sure that you download or update the HSBC mobile banking app to its latest version. Upon starting the app, an automatic on-screen prompt will ask if you’d like to activate your Mobile Secure Key. Tap to confirm if you’re ready to do so, and you’ll receive an SMS confirmation.

Existing HSBC customers who are still using the Security Device should also note that the Security Device will no longer work once they have activated the Mobile Secure Key. The bank also emphasised that the Mobile Secure Key is slated to replace the Security Device soon, adding that the latter is already in the process of being gradually phased out.

To find out more about HSBC’s new
Mobile Security Key
, head on over to the bank’s website. Alternatively, you can check out the
FAQ
 here. You can also download HSBC’s mobile banking app from
Google Play
 or the
App Store
 to test out the function for yourself.

(Source:
HSBC
)

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GrabMart Introduces Instant Retail For Speedier Deliveries

Grab has revealed that its everyday goods delivery service GrabMart will now be expanded to include a new feature called Instant Retail. The addition aims to connect retail small and medium enterprises (SMEs) and chains with their customers, offering safer and faster deliveries.

According to Grab, GrabMart’s Instant Retail will tap into its network of more than 120,000 delivery partners nationwide to provide deliveries within 30 minutes for purchases as low as RM5. At present, GrabMart deliveries are typically made in under one hour.

Aside from that, Instant Retail will also allow retailers access to Grab’s database of users, enabling these retailers to serve a large community of tech-savvy customers and increasing their sales per store. Moreover, they can tap into benefits, such as getting in-depth insights on customers’ brand engagement and product preferences.

In a statement, Grab said that this feature was introduced as the company observed a triple increase in sales for convenience and grocery business via GrabMart during the movement control order (MCO). Even as more businesses reopen now, consumers are looking for safer and more convenient ways to shop for their daily needs.

“While we saw a clear uplift to safe, instant deliveries for food, drinks, snacks, and other essential goods via GrabFood, GrabMart and ‘Pasar’ on GrabMart, we see a new challenge for retailers,” said the managing director of Grab Malaysia, Sean Goh. He added that this is especially true for businesses that traditionally rely on walk-in customers, including health and beauty retailers, toys, gifts and stationary shops, and florists.

(Image: The Malaysian Retail)

“This is a gap where we believe GrabMart is able to step in and address, while helping to make the government’s upcoming Shop Malaysia Online initiative a success,” said Goh. He was referring to one of the initiatives announced through the PENJANA economic recovery plan, which seeks to spur the country’s digital economy.

To kickstart GrabMart’s new Instant Retail feature, Grab is offering an introductory promotion of 20% discount. It is also made in conjunction with the upcoming Shop Malaysia Online initiative.

Grab’s latest service that was launched
, adding to a variety of other services that Grab is already offering. The delivery service was initially provided only in Klang Valley, but was subsequently expanded to other cities such as Johor Bahru, Kota Kinabalu, Kuching, Ipoh, Melaka, and Penang.

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New & Extended Tax Reliefs Introduced In Budget 2022

(Image: Malay Mail/Shafwan Zaidon)

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has tabled the national Budget for 2022 last Friday, proposing a range of programmes that aims to help Malaysia overcome the economic challenges that came at the heels of the Covid-19 pandemic. Among the initiatives put forward included several income tax-related proposals.

For Malaysians, it is important to know what are the new tax reliefs and previous short-term ones that have been extended into the 2022  year of assessment, so that you can maximise tax refunds that will help ease cash flow issues that you may have. This is, after all, another form of assistance for the rakyat.

New And/Or Extended Tax Reliefs

Tax relief for self-funded Covid-19 booster shots and related costs

The government has proposed to provide individual tax relief – as well as tax deduction to employers – on costs that are associated with the adoption of self-funded Covid-19 booster vaccines. In other words, if you end up paying for booster vaccines (or any related costs), you will be entitled to claim that amount as tax relief.

Tax relief for health examination expenses expanded to cover mental health services

In a bid to provide better mental health support for the nation, the scope of income tax relief for full medical check-up expenses (currently set at RM1,000) will be
expanded to cover the cost of mental health services
. These include check-up or consultation services related to mental health from registered psychiatrists, clinical psychologists, and counsellors.

Special tax relief for the purchase of phones, computers, and tablets extended

The ongoing special tax relief of RM2,500 – which is allocated specifically for the purchase of phones, computers, and tablets – will be
extended for a second time, from 31 December 2021 to 31 December 2022
.

This special tax relief was originally introduced as a way to assist Malaysians in adopting the work-from-home culture, following the government’s implementation of an extensive movement control order (MCO) period in its fight against the pandemic. Rolled out as part of the
PENJANA economic recovery plan
 in the middle of last year, the tax relief was supposed to last from June to December 2020, but was subsequently extended to the end of 2021 under the
Permai stimulus package
.

This special tax relief is provided on top of the existing tax relief for lifestyle purchases – which is also set at RM2,500.

Note, however, that the wording remains vague – an “extension” may mean that an individual could claim for this special tax relief for YA 2020, YA 2021, and YA 2022…but it may also mean just one time for those three assessment years. The IRB only updates its income tax guide closer to tax filing season, which means we may only know for certain next year. We will try to get in touch with the IRB on this.

Tax relief for self-enhancement and upskilling course fees increased and extended

To encourage Malaysians to upskill and pick up new skills to venture into new fields, the government has proposed to increase the tax relief limit for self-enhancement and upskilling courses from up to RM1,000 to up to RM2,000. Additionally, this benefit will be extended to 2023.

At present, Malaysians are allowed to claim up to RM1,000 from the total education fees relief of RM7,000 for upskilling or self-enhancement courses, provided they are in industries that are recognised by the Department of Skills Development (under the Ministry of Human Resources). This relief was slated to end in 2022.

Tax relief expanded to include EPF members who perform voluntary contributions

The tax relief of up to RM4,000 that is currently provided only for mandatory contributions of employees or self-employed individuals to the EPF will be expanded to encompass voluntary contributors as well. These include those who are self-employed in the gig economy as well as pensionable civil servants.

Tax relief limit for SOCSO increased and expanded

Currently, private sector employees are provided with tax relief of up to RM250 for contributing to the social security protection scheme that is regulated by the Social Security Organisation (SOCSO). The government has proposed to increase the limit of this tax relief from RM250 to RM350, as well as expand the scope to include employees’ contributions through the Employment Insurance System (EIS) as well.

Higher tax relief limit for payments of nursery and kindergarten fees extended

Parents paying fees to registered childcare centres are originally allowed to claim of up to RM2,000. Under the PENJANA stimulus package, this limit is increased to RM3,000 – to be provided until the end of 2022.

Under Budget 2022, it is proposed that this increased amount be extended for two years, until the year of assessment 2023 instead. This is in a bid to ease parents’ financial burden in providing early education for children.

Tax exemption on prize money earned from recognised e-sports tournaments

As a form of recognition of the achievements of local e-sports athletes, the government has proposed exempt the tax for the prize money won from recognised e-sports tournaments. This is also intended as a way to encourage and cultivate more e-sports athletes.

Tax relief for electric vehicles (EV) ownership

(Image: Reuters)

Aside from providing
import duty, excise duty, as well as sales and road tax exemptions for EV owners
, the government has also proposed to offer income tax reliefs of up to RM2,500 for the purchase and installation, rental, and hire-purchase of EV charging facilities. The tax relief will also apply to payments of EV charging facility subscription fees.

Tax relief for deferred annuity extended

Malaysians were originally allowed tap into annual income tax relief of up to RM3,000 on the premium payment for deferred annuity and contributions to the PRS, provided up to year of assessment (YA) 2021. Under Budget 2021, this benefit was extended for PRS contributions until YA2025, but not for deferred annuity.

This year, under Budget 2022, the government has proposed to extend the tax relief for deferred annuity premium payments for another four years.

Other tax initiatives proposed in Budget 2022

Income tax imposed on income from foreign sources

The government has proposed to begin taxing Malaysian residents who are earning income from foreign sources and receiving them in Malaysia. This is expected to take place starting from 1 January 2022.

Additionally, the Inland Revenue Board of Malaysia (LHDN) will implement tax identification numbers (TIN) for taxpayers starting from 2022 to broaden the income tax base. This has actually been
announced earlier in 2021
, but will take effect more broadly in 2022.

i-Saraan initiative to be expanded

The i-Saraan initiative under the Employees Provident Fund (EPF) will be expanded to include beneficiaries who are aged between 55 to 60 years old as well. This initiative – which is an incentivised programme to encourage voluntary contributions by self-employed individuals and those who are working in the informal sector – originally only applies to EPF members who are aged below 55 years old.

***

Do also keep up to date with the main highlights of Budget 2022 through
our infographic here
!

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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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Citi Will Soon Discontinue Shell Citi Gold Visa And CitiBusiness Visa Cards In Malaysia

Citi has announced that it will be discontinuing two of its credit cards in the coming months, the Shell Citi Gold Visa Card and the CitiBusiness Visa Card.

The Shell Citi Gold Visa will be discontinued effective 15 December 2020. This petrol cashback credit card offered rebates of between 4-8% on Shell fuel spending – depending on your overall expenditure each month – capped at a monthly maximum of RM64 in cashback.

“We will reach out to you via email or SMS for more detailed information on the transition of available Shell cash back balance, outstanding balance, credit limit, standing instructions and bill payment instructions,” said
Citi in a statement.

Meanwhile, the CitiBusiness Visa Card, which offered 1.5x rewards points for every Ringgit spent, will be discontinued from 30 October 2020 onwards. “Please stay tuned for more communications from us on your account information, outstanding balance, Citi Rewards points, credit limit, standing instructions and bill payment instructions,”
Citi’s statement read.

If you are interested, you can take a look at
Citi’s other credit card offerings
 here.

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