PM: Blanket Subsidies Benefitting The Rich Must Be Redistributed

(Image: The Star)

Prime Minister Datuk Seri Anwar Ibrahim has highlighted the necessity to reallocate blanket subsidies that are currently also benefitting those who are not in need, including wealthy individuals and conglomerates.

In a statement, the prime minister said that the subsidies provided by the government – such as electricity bill subsidies – are actually meant for the poor, and as such, should be targeted at groups that need them the most. These include those from the M40 and B40 income group, as well as small traders.

“As an example, Tenaga Nasional Berhad has nearly 10 million customers, but 10% or one million – including conglomerates – [are the ones] who are enjoying over 50% of the electricity subsidy,” said Datuk Seri Anwar, who is also the Finance Minister. He further emphasised that it is the government’s priority to ease the burden of the people, especially considering the rise in prices of goods and cost of living.

(Image: Malay Mail/Sayuti Zainudin)

Given the circumstance, Datuk Seri Anwar has directed all government departments to design and develop appropriate approaches that allow the implementation of targeted subsidies. In doing this, they must also strive to ensure a smooth and efficient process, as well as take into consideration the interests of consumers and the industries.

For context, Datuk Seri Anwar had earlier instructed the National Action Council on Cost of Living (NACCOL) – which was established back in 2018 – to
analyse the implications of the subsidies that are currently being provided
. The results of their analysis were presented in the NACCOL meeting yesterday, and will be used by the Cabinet to help review the comprehensive policy related to the subsidies.

(Source:
Free Malaysia Today
)

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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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How to Throw a Fun Party in a Small Space

Tis’ the season to be jolly, and you want to spread the Yuletide cheer by throwing a party. The only problem is, you’re not the Queen of England and you don’t live in Buckingham Palace. Instead you’ve got a cramped apartment which has minimal space for moving, much less a party. So if you’re scratching your head trying to figure out the best way to fit all your guests in your cozy little space, and yet have a blast, here are some suggestions:

Rearrange The Furniture

You’ll need as much space as you can muster, so before the party starts, you should stack up stray chairs and small pieces of furniture up against the walls. You can also remove furniture that’s not needed for the party to another room, such as corner tables, coffee tables and even the sofa.

The absence of large furniture allows you to use the empty floor space for seating. Just make sure you provide enough fluffy cushions, bean bags, rugs or carpets for your guests to get comfortable while seated on the floor.

Think of Overlapping Functions

In order to minimize the amount of furniture you need in the party space, try thinking up multiple functions for a single item.

For example, wide window ledges can be used to hold drinks and cups, while lightweight racks can be used to place several food bowls and dishes, as well as be a platform to place drink cups and cutlery.

Keep the Air Flowing

To ensure that it doesn’t get stuffy in your home, keep the windows and doors open. That way, if any of your guests feel overwhelmed, they can step outside for some fresh air.

This method also helps to keep the area cool and comfortable. If you decide to use an air-conditioner, at least open the doors to the various rooms and leave the front door closed but unlocked so that guests can zip outside for a breather.

Keep it Light

To minimize the need for individual plates and cutlery which can take up a lot of space, try and plan a menu which your guests can eat with just their fingers from a communal dish or bowl. This will really help your guests too, as they don’t have to balance plates in their hands or laps in the absence of a table.

It would also be a good idea to stay away from foods with gravy or soup as things can get really messy and your guests will have to focus on balancing their plates rather than having meaningful conversations. So, stick to foods like sandwiches, fried chicken, grilled vegetables on a stick and the like.

Manage the Traffic

Whether it’s dishes of food, the drink station, the music and entertainment section or a bunch f board games, try to space them out all over the house rather than having them all in one cramped area where a traffic congestion is bound to occur if your guests all head there at once.

Christmas parties reinforce the spirit of giving, so kick back and enjoy your Christmas party in the comfort and coziness of home. If you want some ideas on how to keep the cost of your gathering down and cut unnecessary spending, here’s
an article
 that will really help. Have anything to add to this article? Do share your thoughts with us in the comments section down below!

Image credits:
Offbeat Home & Life
 and
Apartment Therapy
.

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Choosing your first Credit Card

Credit cards are known to be one of the most convenient modes of payment. They free you from carrying too much cash, and enable you to spend without hassle. Credit cards are very useful tools, as long as you understand how they work. So before you apply for your first credit card, here are some things to consider:

Know your financial lifestyle

Take a look at your finances and the way you spend money. Here are some questions to think about:

Are you responsible with the money that you have and careful with your spending?

Do you need to make big purchases, or spend money regularly on different types of bills?

Do you travel a lot and need a secure method of payment?

Do you use a particular service where the use of a credit card will make things easier?

If you answered yes to most of these questions, then it is likely that you will need a credit card. But even though you need it, it doesn’t necessarily mean you’re ready for it.

Understand how credit cards work

Credit cards are not just an easy payment method to spend more money than you have. Beware, these financial management devices come with a number of risks and benefits. So before you choose your credit card, do your research and familiarise yourself with how a credit card works.

There are lengthy terms and conditions but there are of course the
most important ones
 you need to understand that will have the most bearing on your relationship with credit. Consider the charges and how to avoid them; the best way to pay for your credit card without hassle; how to have a good credit history, etc. When in doubt with the information provided by the bank, ask your friends and family who own a credit card, and get them to share their experiences with you.

Remember the costs that go with a credit card

All credit cards come with fees and charges, though they vary from bank to bank and card to card. Remembering what you’re paying for can help you avoid most of the charges. There are two types of fees:

Fixed Charges:
 These are the annual fees and service tax, fixed fees detailed in your credit agreement. Some banks waive annual fees as special sign-up offers and some banks just don’t charge an annual fee. We have a
list of no annual fee credit cards
 if you can choose from if you want to save on these charges.

Variable charges:
All credit cards will cost you in interest rates, but you only pay when you carry a credit balance from one month to another. Most incidental charges are based on usage, such as foreign exchange fees when you use your card overseas. Then there are Penalty fees, such as late payment charges when you forget to pay your bill. We list the most common
fees for using a credit card
on each product page, so you can see what you’re paying.

Choose a credit card that fits your lifestyle

Once you’ve made up your mind to get your first card, you’ll need to find the right one. Choosing your
first credit card
can also be daunting. There are so many out there!

The good thing is that you will be spoilt for choice with banks offering really neat perks. Many credit cards offer benefits that can save you a lot of money, like cashback, reward points, and discounts. Each card caters to a different lifestyle.

For example, if you’re into movies, there are credit cards that not only give you complimentary tickets but even
cashback every time you go to the movies
. There are also
low interest credit cards
,
travel credit cards
, cards for certain malls – the
list goes on and on
. So a good credit card can definitely benefit you in the long run.

Check if you qualify

Now that you definitely want that credit card it’s time to make an application. There are different types of requirements necessary before you can get a credit card. Though the rules vary from card to card, beginner level credit cards normally require that:

You are above the age of 21

You earn RM24,000 or more per year

You have been working for at least 3 months

Remember to use your credit card responsibly and don’t view it as a means to buy more than you can afford. With the right use and proper knowledge, your credit card will definitely be a big help in managing your money.

*Image from
Bitstrips.com

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Throwback Thursday - The RM10 Challenge 2 Years On

Just two years ago, our article titled, ‘
Can you survive living in the Klang Valley with just RM10 a day?
‘, created quite the uproar of mixed views and opinions amongst most working adults and students. From comments on-site to Facebook and even
local forums
, the topic was debated.

As a throwback Thursday special, we decided to re-look into the question. Where
cost of living
 is concerned, much has changed over these past two years: the Goods and Service Tax (GST), electricity tariff, petrol, toll and even
profiteering over something as simple as lady’s fingers
 all seem to be the norm in daily newspapers. The cost of food continues to stretch our ringgit to breaking point.

Today we examine the lengths to which your red note can possibly stretch in a daily landscape of affordable meals where everything seems to be on the rise.

Stretching Your RM10 Bill

We first need to remind you that this assessment started off in good fun two years ago and should be treated such today. Inevitably, it has struck a chord in most of us about the rise in cost of living as well as to appreciate little that you have because someone else might not be as fortune favored.

Getting back on track; its almost impossible to utilise a RM10 bill to fulfill three meals a day in modern Klang Valley. Some agree, while others don’t. The fact of the matter is RM10 for a day works more as a nutrition-jeopardising survival kit rather than a self-imposed way of life.

Like how the above statement is debatable, some actually find joy in eating cup noodles or even
nasi lemak bungkus
 regularly while others see those consumables as red flags for health.

The table below will illustrate the steady ascension of price in these potentially hazardous popular and affordable foods which can be included in your meals. Bear in mind that these prices are in the form of averages, therefore they are presented in ranges rather than specific digits.

Food / Drinks

Year & Price

–

2013

2014

2015

Nasi Lemak Biasa

RM1.20 – RM2.20

RM1.40 – RM2.30

RM1.50 – RM2.50

Roti Canai

RM1.00 – RM1.20

RM1.00 – RM1.20

RM1.10 – RM1.50

Thosai / Dosa

RM1.20 – RM1.70

RM1.30 – RM2.20

RM1.60 – RM2.40

Maggie Goreng

RM3.00 – RM4.00

RM3.40 – RM4.50

RM3.80 – RM4.80

Teh Tarik

RM1.00 – RM1.30

RM1.00 – RM1.50

RM1.20 – RM1.80

Ais Kosong

RM0 – RM0.20

RM0.20 – RM0.40

RM0.20 – RM0.50

*Prices may vary depending on establishment standards and areas outside of Kuala Lumpur and Petaling Jaya.

So, how much can you really afford with a RM10 bill for, let’s say three meals in a day by having some of the popular inexpensive food and drinks above? Even at the cheapest item – an RM1.50 roti canai and RM0.50 ais kosong; you’ve hit RM6 per day and have just one of the multitude of food groups you need to survive. Contrast this with prices just two years ago? RM4.20 for the same meals.

Notice how steadily prices have increased every year? This means that in time to come,
even affordable food and drinks will no longer be, well, affordable
. And there most certainly are other counter measures to surviving on the given amount, but of course everything comes with a price. Cup noodles or packet noodles that are considerably cheap contain preservatives, which a lot of people see as a running medical tab while some believe its a small price to pay for an inflated credit.

Whilst at one time, we could eat cheap and unhealthy food to keep within budget – now even the cheap and unhealthy grow steadily out of reach.

Some would perhaps still suggest cooking at home but even
regular groceries have not been spared the insidious price hikes
. Considering the time and effort it takes to cook and pack lunches to take to work – will the effort really save us money once we factor how expensive basic goods have become?

At the end of our calculations for daily meals, it appeared we have little left to cover even a bus ticket. Such a far stretch of an RM10 note to even buy 3 meals a day made the thought of putting in a cost for commuting seem rather disingenuous. With
petrol costing so much more
 and
public transport fee hikes
 – there seemed no real way we could stretch that RM10 to factor transportation as well unless we all rode bicycles to the office.

Picture rights: the Malay Mail Online.

The Verdict: 2 Years Later

Whilst we said two years ago that it would be possible but tough; today we cannot. Although, GST was only supposed to be 6% – the cascading affect seems to have caused food prices to balloon 30-50%. A plate of
wanton mee
 is RM5.50; a cup of
teh-o
 RM1.40; and the once reliable pack of
Hup Seng
 Cream Crackers cost a good RM4.80 per pack now. What was once a humble meal – is now rivaling the price of a sit down, air-conditioned diner.

Of course, the hawkers will decry this unfair assessment. Price increases have affected them too and they
claim they are forced to increase their prices
. Maybe this is fair; maybe it isn’t.

But whilst we argue the fairness or lack thereof contained in the cascading effect of government consumer policies; the unfortunate lower income brackets ponder their next meager meal or which one to skip to make ends meet. The question of whether we are paid enough remains unanswered. One thing’s for sure though, the impending doom of hikes in affordable food and drinks as well as
cost of living
 is here to stay. We shudder at the thought of what prices will be like another mere two years down the road.

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Online Flower Delivery Services Below RM150 For Valentine’s Day

When it comes to shopping for flowers, you have no shortage of options in Malaysia. From physical flower shops to online options, it can get a bit overwhelming choosing a florist to purchase your Valentine’s bouquet from. It’s a norm for flower shops to increase their prices or restrict their range when it comes to Valentine’s Day as well, so you might find your choices a bit limited if you’re sticking to a budget.

To make your search a little bit easier this February, here are some online flower websites where you can get Valentine’s Day flowers for less than RM150.

Scentales

This is the perfect florist for those who like pastel shades, dried flowers, and an autumnal aesthetic. Their everyday prices let you buy a small bouquet of fresh flowers from as low as RM53
(The Cool Barney Set)
and a small bouquet of dried flowers from as low as RM35
(Priscilla Dried Flower Bouquet)
.

Despite the Valentine’s Day season, Scentales’ prices still remain very reasonable. If you’re on a tight budget, RM55 gets you an artistically wrapped single rose, whereas RM145 for a regular bouquet of multi-coloured pastel roses is pretty much a deal during Valentine’s Day. For those who are looking for something different, Scentales’ Valentine options also include quirky unicorn themes and more unique arrangements like glass globes and dried flower boxes.

Valentine’s Day period: 2–17 February

Valentine’s Day options: 11 flower arrangements

Price range: RM55–RM235

Delivery: Free delivery to KL & PJ areas with minimum spend of RM150. Full list of delivery prices upon enquiry (about RM10 to Petaling Jaya area). Pick-up option available at Empire Damansara.

Happy Bunch

Popular for their flowers presented simply in eco-friendly materials, Happy Bunch is a reigning favourite when it comes to affordable online florists. Here’s how Happy Bunch works on normal days – you choose from a handful of available bunches across three ranges, starting from RM47. Happy Bunch’s bouquets do start out on the smaller side, and the price goes up as the size does.

If you know exactly what you want to get your date (and that happens to be a bouquet of red roses), then Happy Bunch is a headache-free option for you. Red roses are a hot commodity during Valentine’s Day and tend to come with higher prices, but what you get for Happy Bunch’s pricing is extremely fair considering the season.

Valentine’s Day period: 11–16 February

Valentine’s Day options: 12 or 24 red roses only

Price range: RM150 or RM300

Delivery: Free delivery for KL and PJ, RM10 fee for selected areas. Pick-up option available at Ara Damansara during limited hours.

Warm Wishes Florist

Warm Wishes Florist sells bouquets, bloom boxes, balloons, and even soft toys. It also holds the occasional flower workshop on the side. Warm Wishes Florist’s flower arrangements are elegantly wrapped and presented in creative ways, so each bouquet has a distinct look from the other. There’s also something for every budget, with surprisingly solid options for those shopping in the RM100+ range.

For its Valentine’s Day range, you’re only left with one option if you’re sticking strictly to your below-RM150 budget: six stalks of red roses for RM120. However, there are a number of good choices at about RM168 among its Valentine’s collection – you can even get a bouquet of Ferrero Rocher at this price if you’d like to cater to your partner’s sweet tooth.

Valentine’s Day period: 11–16 February

Valentine’s Day options: 13 flower arrangements

Price range: RM120–RM620

Delivery: Services the Kuala Lumpur and the Klang Valley for a fee of RM15. Pick-up option is available at Kelana Jaya.

BloomThis

BloomThis is another popular online florist in Malaysia. It boasts an impressive range of flowers, from traditional bouquets to attractive arrangements in their trademark hexagonal hat boxes. BloomThis’ everyday prices aren’t the cheapest on this list, but still on the reasonable side.

On normal days, you can get a small bouquet of red roses at RM150, but during the Valentine’s Day period it would cost you RM199. You can opt instead for a gerbera-rose-carnation box (Love Marilyn) for only RM139, and a few other charming choices just above RM150. At 30 flower arrangements to choose from, BloomThis has the widest Valentine’s Day range among our recommendations.

Valentine’s Day period: 14 February – 3 March

Valentine’s Day options: 30 flower arrangements

Price range: RM139–RM1,199

Delivery: Services the KL/Selangor/Penang/Johor Bahru area. Free delivery for Klang Valley and selected areas in Penang island, other areas will be subject to a delivery fee.

Take Your Time And Look Around

With the right amount of research and comparison, you can find a florist that sells something that fits your budget. If you’ve exhausted all the physical stores and online websites and still haven’t found anything, look around for Instagram profiles selling flowers instead. Ordering flowers through Instagram can be inconvenient as the sellers don’t usually display their full catalogue of prices outright. However, if you have the time to make the relevant queries, you may be able to find much cheaper options.

So, make your significant other happy while saving yourself a little bit of money – do your flower shopping wisely this Valentine’s Day and find the perfect bouquet to meet your budget.

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EPF Will Not Mortgage The Future Of Its Members With Recklessness, Says CEO

The Employees Provident Fund (EPF) has not yet reached a decision on whether to allow its contributors to withdraw their funds from Akaun 1. The government body is still discussing the proposal with the Ministry of Finance.

EPF CEO Tunku Alizakri Alias said that the EPF would not mortgage the future of its members by making reckless decisions or being influenced on the matter. He declared that his team would not shirk its responsibility of making the best decision for the future of its members, despite facing various pressures – including from politicians who support the move.

The proposal in question was put forth during the
tabling of Budget 2021
 and would allow targeted EPF contributors to make withdrawals from their Akaun 1, amounting to RM500 a month for up to 12 months. In the ensuing debates on the Budget in parliament, some MPs have also suggested that the withdrawal amount be increased to
RM10,000
.

Traditionally, funds from EPF Akaun 1 can only be accessed upon retirement, with money in Akaun 2 able to be partially withdrawn for specific reasons. However, in March, the government launched the
i-Lestari scheme
, which allowed withdrawals from Akaun 2 of up to RM500 a month for 12 months to solve cash flow issues. When the tabling of Budget 2021 loomed closer, more and more
calls were made
 for the same facility to be
applied to Akaun 1
.

“I understand many people are angry, worried, and upset because of the effects of this Covid-19 pandemic, which has never happened before,” said Tunku Alizakri. “Perhaps, I am the most hated person in Malaysia right now for making unpopular decisions. Let the people criticise me, but I will do my job to protect the future of members.”

Tunku Alizakri added that he would consult all stakeholders before making a decision on the matter. “We will look at all aspects in a holistic way by balancing the current needs of members before making rational decisions that will not only solve today’s problems but also ensure the sustainability of future members,” he said.

(Image: The Edge Markets)

According to Tunku Alizakri, EPF statistics show that a total of 43% or 5.38 million EPF members under the age of 55 have savings of less than RM10,000 in Account 1. Meanwhile, more than half of the members who are 54 years old in 2020 have savings of less than RM50,000, and would live their retirement with an income of only RM200 per month for 20 years.

“The amount of RM200 is far below the country’s poverty level of RM2,208 for one household and also RM2,450 for the basic expenses of a senior citizen as stated in a survey by the Centre for Social Welfare Research (SWRC),” he said. The EPF chief also noted that low base salary is the cause for many contributors having little savings in Akaun 1.

Budget 2021 will be voted on in parliament on 23 November 2020 and it is expected that the decision regarding Akaun 1 withdrawals will be reached by then.

(Source:
Malaysiakini
)

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KPDNHEP To Tighten Online Sales Procedure For Controlled, Subsidised Goods

(Image: Sinar Harian)

The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has said that it will tighten the procedure for online sales of controlled and subsidised goods in an effort to curb leakages and irregularities. KPDNHEP minister, Datuk Seri Alexander Nanta Linggi also stated that his ministry is looking into several measures to address this issue.

Aside from that, the minister also shared several updates regarding his ministry’s recent efforts in combating transgressions related to controlled and subsidised items within the country. According to Datuk Seri Alexander Nanta, his ministry has – to date – ordered two leading e-commerce platforms to take down a total of 38 advertisements for the sales of cooking oil in packets and bottles.

Additionally, between 1 and 12 July 2022, KPDNHEP had raided and inspected 18 premises advertising similar items on e-commerce sites. Following the inspection, the ministry seized 255kg of subsidised cooking oil in 1kg packets, and 41 units of cooking oil in bottles (500g, 1kg, 2kg, and 3kg) – with an estimated total value of RM1,495.50.

(Image: New Straits Times)

Datuk Seri Alexander Nanta further noted that his ministry has also taken action against two cases under Regulation 3(1) of the Control of Supply Regulations 1974 and Section 20(1) of the Control of the Supplies Act 1961, respectively.

Last month, the government announced its decision to
remove the subsidies for bottled cooking oil
 (2kg, 3kg, and 5kg) starting from 1 July 2022. The subsidies for cooking oil in 1kg polybag packages, meanwhile, will continue to be provided.

(Sources:
The Edge Markets
,
Datuk Seri Alexander Nanta Linggi
 (Twitter))

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Selangor Allocates RM42 Million To Enhance Peduli Sihat Insurance Plan

The Selangor government has earmarked an estimated RM42 million to enhance the state’s Peduli Sihat insurance scheme, thereby providing better health insurance plans for families that fall within a specific income range in the B40 category.

The upgraded Peduli Sihat insurance scheme is expected to benefit 85,000 families earning a monthly household income of less than RM2,000. “This universal health insurance is aimed at helping to ease the burden of the B40 group, especially in receiving basic treatment and various other health protection benefits,” said the chief minister of Selangor, Dato’ Seri Amirudin Shari.

With the upgraded insurance scheme, eligible recipients will now be entitled to these additional benefits:

The Selangor state government has also appointed 1,529 panel clinics within the state to provide medical aid for the recipients under this scheme.

To apply for the Peduli Sihat insurance scheme, you must be a citizen born in Selangor or have lived in the state for at least 10 years. Also, your household monthly income must be RM2,000 or less. If you are an individual applying for the scheme, then your monthly income should be RM1,500 or less.

If you qualify, you can then proceed to apply
online
 or through
manual submission
, which you can send to any Dewan Negeri Selangor or Dewan Negeri Selangor coordinator’s offices. Once your application has been approved, you will receive an SMS notice, and the Peduli Sihat medical card will be sent to your mailing address.

(Image: Malay Mail)

To clarify, the Peduli Sihat insurance scheme is not a new programme; it was first introduced in 2017 to provide free basic medical treatment for eligible recipients. The RM42 million fund injection to the Peduli Sihat insurance scheme is one of the initiatives under the second Selangor Prihatin stimulus package.

To date, the Selangor government has announced
two stimulus packages
. The first, which saw an allocation of
RM127.78 million
, was announced in mid-March 2020. It was followed by a second on 1 April, worth another
RM272.5 million
.

You can find out more about the
Peduli Sihat insurance scheme
 at its official website.

(Source:
Malay Mail
)

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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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Financial Spring Cleaning in Just 6 Steps

A spring clean-up is often needed to refresh the home after a whole year of clutter and mess has gathered. Your finances deserve a freshening just the same, even if it’s not technically springtime.

In addition to sorting through piled-up financial paperwork, a general review of your money commitments (loans, credit cards, insurance and savings plans), could help to highlight current cash drains and reveal opportunities to save more.

Get your financial house in order with our practical guide for financial de-cluttering: here’s your intro to Financial Spring Cleaning 101.

1. Catch up on Filing Duties

If you have loads of papers – bills, bank statements and the like just stacked up, it’s the obvious place to get started. Here’s how to tidy up and file away:

Go through all your paper stacks and throw out everything you don’t need.

Separate and file the remaining papers by income tax claim categories where possible, (e.g. medical bills, payslips, insurance documents, and book receipts) to simplify your upcoming tax calculations.

Convert documents that are not required as physical originals into soft copies to save space. Buy a separate disk drive to backup files and don’t forget to organise these as well.

2. Manage Utility Bills

Bloated utility expenses are a serious drain on finances because payments are perpetual yet, unlike home or car loan installments, you don’t see a tangible asset at the end of the tunnel.

Thus, wherever possible, do try to reduce or downgrade services for a lesser monthly outgoing.

In addition, some utilities like Astro, Maxis and TM UniFi are charging for paper bills ranging from RM2 to RM5 per month whereas electronic bills do not incur any additional fees. Limiting paper usage will save on filing space and money, plus you’ll be doing your part for a greener environment.

#3. Review Your Credit Cards

A good credit card wields the potential to offer fruitful rewards, attractive interest rates and other benefits; however, cards that are just so-so could be depriving you of better value.

Thus, it’s a good idea to review your cards periodically to evaluate if you’d do better to get a new card or maybe even add a dedicated one for your most frequent swipes (e.g. travel, petrol or shopping).

For help with your research, do check out our comparison page to find a
credit card
 that will do you favours. Repeat this process (if you need to) on other banking products too such as
home loans
,
fixed deposits
 and
personal loans
. This way, you will not miss a better available interest rate.

4. Settle Bank Matters

If you have the time, you need not wait till the last minute to replace ATM or debit cards that are close to its validity end date. However, if you’re swamped with work (and we bet most of you are) then set a reminder on your phone to prompt you to replace your cards at least one week prior to expiry.

Check that all your banks have updated information such as your latest phone number and address.

Lastly, if you use online banking accounts, be sure to update your login passwords, contact information and other details to stay secure.

5. Update Your Employer

If your company helps to make income tax payments on your behalf through Monthly Tax Deductions (MTD) from your salary, do update the relevant departments of your personal tax-affecting circumstances.

Your status as an unemployed spouse or single parent affords you a different tax rate. So if your company is not aware of your current status, your salary may be deducted more than necessary, leaving you with less disposable income each month. Who wants that? – No one, that’s who.

6. Assess Your Emergency and Savings Funds

If you’ve been maintaining an emergency fund, great job! You’ve been paying attention, haven’t you? Your next task is evaluating the size of the account. Consider upping your deposit amounts, especially if you’ve been making more money this past year.

More importantly, think about placing these funds in a high-interest savings account to capitalise on your earnings. You could also remove a portion of your savings and leave it in a short-term, high-interest
fixed deposit
 account to net even more returns.

A few finishing touches to put your finances in tip top condition

We’re not done with the cleaning just yet, before you put up your feet to rest; take at look at these quick tips:

If you don’t have any credit history but plan on taking out a home loan in the next few years, think about building your credit score now by signing up for a good first-time credit card.

Conversely, if you are no newcomer to credit cards and loans; be sure to check on your credit status via CCRIS (and CTOS) before applying for a home loan.

Review your current insurance policies and shop around for new ones if necessary. Key areas to focus on are
medical cards
 that come with reasonable, value-for-money premiums and if you do not have
life insurance coverage
 as yet, consider an affordable e-policy for basic protection.

Exploit lower interest rates with refinancing if it is indeed more attractive than your existing mortgage or car loan rates (do consider entry and exit fees as well). The benefits include possibly reduced instalments and lesser interest payments overall.

Staying On Course for the Big Cleanup Job at Hand

We’re aware that this is a big list to get started on, especially if you’ve been neglecting the cleanliness of your finances for a while. The good news is that you can definitely get through them all with a little patience and planning.

You don’t have to do it all in one fell swoop, in fact, you can mete out your financial spring cleaning chores and reviews, with little tasks every weekend, so you don’t feel the load.

The important thing however, is that you do not leave these little money messes to stew any longer. Resolving such nagging issues will help you better manage debt, grow your finances and as well provide clarity to simply save on unnecessary excess.

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Desiree Nair

Desiree Nair

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Dewan Rakyat Passes Bill To Impose 10% Tax On Imported Low-Value Goods Purchased Online

(Image: Malay Mail/Miera Zulyana)

Dewan Rakyat has passed the Sales Tax (Amendment) Bill 2022 with a majority voice vote. With this, the government will begin imposing a flat rate of 10% tax on imported low-value goods (LVG) that are purchased online, starting from 2023.

Imported LVG are defined as imported goods with a total value of less than RM500 per consignment. These are currently exempted from sales tax when they are brought in using air courier service through selected international airports (except for selected products, such as tobacco and cigarettes).

With the passing of the amendment bill, this exemption will be removed, and the
10% tax will be calculated based on the base price of the LVG
 – not inclusive any other taxes, fees, or other charges imposed. Additionally, the bill will apply to both resident and foreign sellers who offer such products on online marketplace; these traders are required to display their particulars on the packages of their LVG.

The bill also clarified that the Finance Ministry will have the right to determine what are considered as LVG based on three criteria: the class of goods, price, and the channel used to bring the goods into the country.

The bill – which was
first announced during the tabling of Budget 2022
 – was tabled for its first reading by Deputy Finance Minister II Yamani Hafez Musa on Monday this week, followed by a subsequent second and third reading. He also stressed that the proposal of this tax is not a step backwards, and that Malaysia is not the only country to implement it.

“At the global level, countries such as Australia, New Zealand, the UK, and Norway have already taxed either goods and services tax (GST) or value added tax (VAT) on low value goods. Singapore has also implemented the same thing from 1 January 2023, where goods worth SG$400 are subject to GST at a rate of 7%” said Yamani Hafez Musa, adding that the additional tax collected will be used for the development of the country and to benefit the people.

Finally, the tax on LVG is also expected to level the playing field for domestic and imported goods, as local manufacturers are already being charged a 5% or 10% tax at present.

(Sources:
Free Malaysia Today
,
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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Here's How Much Extra Income Tax The T20s Must Pay Under Budget 2023

One of the major announcements under the revised Budget 2023 was the
reduction of income tax rates for the M40 and increase in rates for the T20
. In his speech, Prime Minister Datuk Seri Anwar Ibrahim stated that the M40s would save up to RM1,300 in tax payments – but how much extra would the T20 group have to pay for their income taxes starting next year?

In practice, as Malaysia uses a progressive tax system, we know that the 2% reduction in income tax rates for the M40 isn’t targeted directly at this group only – it means that as long as your chargeable/taxable income hits a specific bracket, you must pay the cumulative income tax of the previous brackets, as shown in our
2022 income tax guide
:

Chargeable Income (RM)
Calculations (RM)
Rate %
Tax (RM)
0 – 5,000
On the first 5,000
0
0
5,001 – 20,000
On the first 5,000
Next 15,000
1
0
150
20,001 – 35,000
On the first 20,000
Next 15,000
3
150
450
35,001 – 50,000
On the first 35,000
Next 15,000
8
600
1,200
50,001 – 70,000
On the first 50,000
Next 20,000
13
1,800
2,600
70,001 – 100,000
On the first 70,000
Next 30,000
21
4,400
6,300
100,001 – 250,000
On the first 100,000
Next 150,000
24
10,700
36,000
250,001 – 400,000
On the first 250,000
Next 150,000
24.5
46,700
36,750
400,001 – 600,000
On the first 400,000
Next 200,000
25
83,450
50,000
600,001 – 1,000,000
On the first 600,000
Next 400,000
26
133,450
104,000
1,000,001 – 2,000,000
On the first 1,000,000
Next 1,000,000
28
237,450
280,000
Exceeding 2,000,000
On First 2,000,000
Next ringgit
30
517,450 ………..

Therefore, the 2% reduction for the RM35,000 – RM100,000 income brackets will be enjoyed by
all taxpayers
whose income is RM35,000 and above. Hence, even those whose chargeable incomes are above RM100,000 will still enjoy the RM1,300 savings – but of course, they will also now have to pay more in taxes.

How Much Additional Taxes Will The T20 Pay?

Under the
Ministry of Finance’s Budget 2023 microsite
, there are additional resources that further explain Prime Minister Datuk Seri Anwar Ibrahim’s speech. Specifically, it also contains additional information on the extra income tax to be borne by the high-income groups.

For starters, here’s the proposed rates that are targeted for the high-income groups:

Chargeable Income (RM)
Current Tax Rate (%)
Proposed Tax Rate (%)
100,001 – 250,000
24
25
250,001 – 400,000
24.5
25
400,001 – 600,000
25
26
600,001 – 1,000,000
26
28
1,000,001 – 2,000,000
28
28
Exceeding 2,000,000
30
30

Now, here’s a closer look at the breakdown of the additional income tax to be paid based on the proposed tax rates:

Source: MOF

If you’re in the RM100,001 to RM250,000 income bracket, you’re actually only paying an additional RM200 (or 0.4% extra from what you’d normally pay in previous assessment years). This is mainly because of the tax savings that apply in the previous income brackets which as we’ve explained applies to all taxpayers.

Naturally, further up the income brackets the additional tax increase up to a maximum of RM10,950. From the table above, we can see that the worst hit will be those whose chargeable incomes are in the RM600,001 to RM1,000,000 range, where they will have to pay 4.6% more – the highest increase among the income brackets. Finally, there is no cap on those with taxable incomes of more than RM2 million – but they will still be paying an additional RM10,950 from the changes in tax rates in the lower tiers.

Conclusion

This “rebalancing” of income tax rates is aimed at increasing the disposable income of those in the lower to middle income groups – but as Malaysia uses a progressive tax system, the savings extend to the higher income groups as well. In relation to that, Malaysia’s tax system also has a cap to the total tax payable for all income brackets up to RM2,000,000, so a taxpayer doesn’t really pay a direct calculation of the tax rate (and also explains the maximum increase of RM10,950 instead of a much higher number).

Of course, these proposed changes (if approved) will be in effect from YA 2023, so if you wish to further reduce your chargeable income (and thus effectively pay less taxes) via
the many tax reliefs you’re eligible for
, you have the whole year to plan it out.

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Pang Tun Yau

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

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Rakuten Trade Officially Launches Fractional Trading For Its US Trading Service

Online equity broker Rakuten Trade has officially launched a new fractional share trading feature on its platform, enabled specifically for its US trading service (NYSE and NASDAQ-listed shares). This makes it the first platform in Malaysia to introduce a fully digital US fractional share trading service for its investors.

In a statement, Rakuten Trade said that the new feature will allow investors to start trading US shares, American depositary receipts (ADRs), and exchange-traded funds (ETFs) from as little as 0.01 (Buy) or 0.0001 (Sell). That said, note that US shares priced below US$1 are only tradable in a whole unit, and that the list of fractional tradable share may change every quarter. Once it is taken off the list, you will not be able to perform fractional trading for the share unless it is re-listed.

Brokerage fees, meanwhile, will range from RM1 to RM100, or US$1.88 to US$25 – depending on your trade amount. Of course, these fees can be offset using Rakuten Trade Points (RT Points) if you have any; every 1 RT Point will let you offset RM0.01 brokerage fee (while RM1 brokerage will earn you 1 RT Point).

“We are making significant changes to our services in ways that will stimulate online trading and boost retail participation, especially among new investors. US fractional share trading is a game-changer for Malaysia’s investors, allowing for more affordable, diversified, and balanced portfolio that includes familiar brands like Apple, Amazon, and Tesla,” said the chief executive officer of Rakuten Trade, Kazumasa Mise.

For context, the fractional trading feature is the second enhancement that Rakuten Trade has made to its US trading service. Back in August 2022, the online broker also introduced the
foreign currency facility to the service
, which allows investors the flexibility to trade in the US market in either the US dollar (USD) or the Malaysian ringgit (MYR). This facility was subsequently
extended to Rakuten Trade’s Hong Kong trading service as well
.

“Rakuten Trade’s foreign market trading platform serves as a catalyst for new investors to test trading strategies on Bursa Malaysia before diversifying onto the US markets. Over the last 16 months, more than 30,000 clients have added foreign market trading to their Cash Upfront account, resulting in over 160,000 successful orders placed. This service presently accounts for nearly 21% of the company’s revenue,” Kazumasa further said, explaining the platform’s focus in upgrading its foreign market trading service with multiple new features.

Rakuten Trade had previously hinted at its intention to introduce fractional trading for its US trading service since mid-April – when it
revamped its brokerage fee structure
 – and then
reiterated it in early May
. With the feature now officially launched, Kazumasa hopes that foreign market share trading will be made even more accessible to retail investors.

(Source:
Rakuten Trade
)

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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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Prices Of Roti Canai, Teh Tarik To Increase By 10% To 15%

(Image: Malay Mail/Yusof Mat Isa)

Malaysian favourites, roti canai and teh tarik are set to increase in price by 10% to 15% as restaurant owners are bogged down by the growing cost of ingredients.

Revealed in a report by news portal The Malaysian Insights, this means the public can soon expect the price of roti canai – which averages at about RM1.60 per piece – to hike up to RM2.20. Meanwhile, a glass of teh tarik could jump from RM1.80 to RM2.50.

The president of the Malaysian Indian Muslim Restaurant Owners Association (Presma), Jawahar Ali Taib Khan said that its members have not raised their prices yet, but noted that there are talks of doing so. “For the time being, we will try to maintain our prices. But we don’t know for how long. If prices of goods keep going up, then we will consider it. There will be a 10% increase at most,” he said.

(Image: Bernama)

Jawahar Ali also shared some examples of the
price hikes in ingredients
 that restaurant owners need to contend with; for instance, a bag of flour (25kg) – which retailed at the price of RM49.90 back in January – has now shot up to RM62.90. Meanwhile, the price of margarine has gone up from RM85 to RM100.

“We are not going for more profit, but volume of sales. We don’t want to burden the people as everyone is suffering. Business has picked up now, but the only issue we still face is shortage of staff,” Jawahar Ali further said.

The rising cost of living has become a major cause of concern for Malaysians as of late, particularly given recent inflationary pressures. In particular,
food inflation is expected to continue increasing
 within the country as Malaysia is deemed a net food-importing country that relies heavily on food imports from other countries.

(Sources:
The Malaysian Insight
,
The Sun Daily
)

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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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My100 Travel Pass Has Saved The Average Passenger 38% In 2019

(Image: The Malay Mail)

The My100 travel pass has saved the average passenger 38% in public transportation fares last year. Altogether, the total amount saved by commuters using the My100 public transport pass came up to RM47 million.

According to Transport Minister Anthony Loke, the total fare in 2019 for the My100 pass users was actually RM123.14 million. However, the total amount paid by passholders last year was only RM75.76 million, resulting in the 38% worth of expenses saved.

The My100 pass was introduced in January 2019 and offers 30 days’ worth of unlimited rides on the RapidKL rail and bus network, priced at RM100. While there are currently 200,000 unique pass users, only 110,000 renew their subscription on a monthly basis – the rest are believed to renew the pass only when they plan to use the rail service heavily in a certain month.

“This year we will push up consistent pass buyers to 200,000 per month and our goal is to help save the people’s money,” said Loke. “We will work with the Prasarana management and ask them to set up a marketing unit to deal directly with companies whose offices are close to public transport services.”

MyRapid also has another
public transportation pass
, the My50, which offers unlimited travel on Rapid KL buses and MRT feeder buses. The My50 pass saved passengers a total of RM786,000 in 2019. Meanwhile, the Mutiara Pass – which is the My50 equivalent for public transportation in Penang – saved Penangites a total of RM343,000 last year.

(Source:
The Malay Mail
,
The Edge Markets
)

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Panduan Memilih Kad Kredit Pertama Anda

(
Baca artikel ini dalam
Bahasa Inggeris di sini
.
)

Ia sememangnya suatu keputusan yang besar untuk mendapatkan kad kredit diri sendiri buat pertama kali. Bagi golongan dewasa yang baru sahaja memulakan pekerjaan, memiliki kad kredit juga boleh membantu anda membina skor kredit, selain mendisiplinkan diri anda untuk meminjam serta menggunakan kemudahan kredit dengan bertanggungjawab.

Memandangkan terdapat pelbagai jenis kad kredit yang ditawarkan di pasaran, bagaimanakah cara untuk memilih kad kredit yang sesuai dengan anda? Sebelum anda mendapatkan mana-mana kad kredit, pertimbangkan dahulu beberapa faktor penting. Untuk membantu anda, berikut merupakan panduan untuk memilih kad kredit pertama anda.

Pilih kad kredit yang bersesuaian dengan pendapatan anda

Cara yang paling baik untuk membantu anda memilih kad kredit adalah berdasarkan pendapatan minimum yang ditetapkan sebagai kelayakan untuk memohon kad kredit tertentu. Hal ini kerana anda tidak dapat memohon sesetengah kad kredit, sekiranya pendapatan anda tidak mencapai tahap yang ditetapkan. Kebiasaannya, kad kredit yang menawarkan manfaat yang lebih menarik memerlukan anda untuk mempunyai pendapatan yang lebih tinggi.

Walaupun begitu, jangan risau! Masih terdapat banyak pilihan kad kredit untuk golongan yang ingin mendapatkan kad kredit pertama mereka. Terdapat pelbagai bank yang menyediakan kad kredit yang sesuai untuk individu yang baru melangkah ke alam pekerjaan. Sebagai contoh,
kad kredit Alliance Bank Visa Platinum
 yang hanya memerlukan pendapatan tahunan minimum sebanyak RM24,000. Ini bermakna anda boleh mendapatkan kad tersebut dengan pendapatan bulanan sekurang-kurangnya RM2,000.

Utamakan kad kredit dengan kadar faedah yang rendah dan tiada fi tahunan

Jika anda baru sahaja mula bekerja, anda berkemungkinan besar akan mendapat gaji graduan baharu. Dalam fasa ini, anda akan mempelajari pelbagai perkara berkenaan pengurusan wang, selain mempunyai lebih banyak komitmen kewangan berbanding ketika waktu di institusi pembelajaran.

Mengambil kira cabaran-cabaran tersebut, anda perlu memastikan bahawa kad kredit anda tidak akan menjadi suatu beban. Oleh itu, anda dinasihatkan untuk memilih kad kredit dengan kadar faedah terendah serta tanpa fi tahunan.

Secara amnya, kebanyakan kad kredit mengenakan kadar faedah yang tinggi ke atas baki tertunggak. Untuk mengelakkan faedah tersebut, pastikan anda membayar bil kad kredit anda sepenuhnya mengikut masa. Selain itu, pilih juga kad kredit tanpa fi tahunan, atau yang sering disebut oleh bank sebagai “percuma seumur hidup”. Contoh yang baik ialah kad kredit
Maybank 2 Gold
. Sebagai peringatan, terdapat banyak syarikat kad kredit yang menawarkan pengecualian fi tahunan, tetapi dengan syarat-syarat tertentu. Seumpamanya, anda akan perlu menggunakan kad tersebut beberapa kali atau dalam jumlah tertentu dalam setahun.

Bagi yang baru memulakan pekerjaan, anda disarankan untuk memilih kad kredit yang tidak meletakkan syarat-syarat sedemikian. Hal ini kerana pengecualian fi tahunan yang tertakluk kepada jumlah penggunaan kad kredit akan mendorong anda untuk berbelanja lebih daripada kemampuan anda.

Oleh itu, cuba memilih kad kredit yang mengecualikan fi tahunan seperti kad kredit
Maybank Islamic MasterCard Ikhwan Gold Card-i
. Terdapat juga kad-kad kredit yang hanya memerlukan anda untuk menggunakan kad tersebut sebanyak 12 kali setahun untuk menikmati fi tahunan percuma, seperti kad kredit
Aeon Big Visa Gold
 dan
Afin Duo Visa Cash Back
. Anda boleh memenuhi syarat tersebut dengan dengan mudah, seperti menggunakannya untuk keperluan harian anda (sebagai contoh, mengisi petrol atau membeli barangan runcit).

Pilih kad kredit yang sesuai dengan gaya hidup anda

Anda juga dinasihatkan untuk memilih kad kredit yang paling sesuai dengan gaya hidup anda. Untuk pengetahuan anda, kad-kad kredit yang berada di pasaran biasanya akan menawarkan pelbagai manfaat, seperti pulangan tunai (
cashback
), mata ganjaran (
reward points
), dan ganjaran perjalanan (
airmiles
). Manfaat sesetengah kad juga akan lebih lumayan berbanding manfaat yang ditawarkan oleh syarikat-syarikat kad kredit lain, seperti pulangan tunai yang lebih tinggi atau meliputi perbelanjaan yang lebih luas berbanding yang lain.

Individu yang sudah biasa menggunakan kad kredit selalunya memiliki beberapa kad kredit untuk jenis-jenis perbelanjaan yang berbeza. Buat pengguna baharu, anda disarankan untuk memilih kad kredit yang paling sesuai dengan trend perbelanjaan anda serta dapat memberikan manfaat yang paling tinggi. Misalnya, jika anda lebih kerap berbelanja pada hujung minggu, anda boleh mendapatkan kad kredit seperti
Maybank 2 Gold
 yang mengutamakan pulangan tunai pada hujung minggu. Sekiranya anda gemar berbelanja secara dalam talian pula, anda boleh mendapatkan kad kredit yang memberikan rebat tunai untuk perbelanjaan dalam talian. Contoh yang baik ialah kad kredit
Affin Duo Visa Cash Back
.

Untuk ganjaran perjalanan pula, manfaat ini lazimnya ditawarkan untuk kad-kad kredit yang memerlukan jumlah pendapatan yang tinggi. Manfaat mata ganjaran pula adalah sedikit rumit kerana kadar penebusan berbeza mengikut bank. Untuk individu yang baru ingin mendapatkan kad kredit, anda boleh memberi lebih tumpuan kepada manfaat pulangan tunai.

Lakukan persediaan untuk memiliki kad kredit pertama

Kesimpulannya, sebelum mendapatkan kad kredit pertama, anda perlu terlebih dahulu melakukan perbandingan. Membandingkan kad kredit di pelbagai laman mungkin remeh dan mengambil masa. Untuk memudahkan anda, sila gunakan laman perbandingan seperti RinggitPlus untuk melihat
perbezaan kad-kad kredit
.

Setelah anda berjaya membuat keputusan, anda juga tidak perlu membuat panggilan telefon atau berkunjung ke cawangan bank untuk membuat permohonan. Sebaliknya, anda hanya perlu memohon kad kredit secara dalam talian melalui laman web RinggitPlus, yang turut menawarkan pelbagai hadiah menarik untuk permohonan yang berjaya.

Setelah memiliki kad kredit, anda diingatkan untuk menggunakan kad kredit anda dengan sebaik-baiknya. Kad kredit boleh menjadi kawan atau lawan, bergantung kepada penggunaannya. Oleh itu, sentiasa berbelanja dengan berhemah serta gunakan kad kredit anda dengan penuh tanggungjawab untuk meraih pelbagai manfaat.

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Panduan Memilih Kad Kredit Pertama

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How to Upgrade Your Computer on a Budget

Computers are a necessity; you’ll use it for just about everything and expectedly, top quality machines are rather expensive. The good news is that you don’t have to be a tech genius to know how to pick a winner without spending a bucket load of money.

Here’s what you’ll need to consider when shopping for your next personal computer:

Do You Even Need a New Computer?

Often times all your current PC needs is a tune-up in addition to upgrading out-dated components like it’s memory or hard drive which will cost much less than a spiffy new computer.

However, if you are having issues with your
CPU
,
motherboard
,
sound card
,
modem
 or
network card
, you’re better off buying a new computer. We’d advise you to first take your computer to a technician for a thorough check-up before deciding. They might be able to offer replacements for these parts that cost cheaper than a new machine.Budge

Choose a Computer that’s On Your Level

Buying a computer that is right for you can help save extra money because every added feature costs a little more.

Additional storage space, higher processing power, tons of software – which of these do you actually need? Well, if you just use your computer for word processing and accessing the internet, or if you are getting one for your children to do their homework, you certainly do not need all the bells and whistles.

However, if you are a heavy user for example, that plays games, downloads movies or works on graphic design projects from home – a basic computer simply won’t do. Buying a slower machine will not only frustrate your usage but also wear out sooner, costing you more in the long run.

Thus, it’s important to identify your needs before heading out and buying a new PC.

Where to Buy

Once you know what you are looking for, it’s time to shop. But where should you go for best value – online or a brick-and-mortar store?

Old favourites
Dell
,
HP
 and
Apple
 are still great for online purchases in terms of authenticity , whereas “newbies” like
Tech Hypermart
 are capable of providing discounts that average 5% off retail prices.

Similarly, physical stores like
Plaza Low Yat
 and
Digital Mall
 have a reputation for selling computers and accessories at discount prices.

To get the best deal, be sure to compare online prices and specs against the stores’; an easy way to do this is by downloading brochures from
HardwareZone
 and checking through seller price lists.

So which is better?
 In terms of price, both options have the ability to provide good discounts and freebies. However, if you need help and advice when buying, it’s probably best to visit a physical store.

Note though that with either option, you should buy only what you need. Don’t waste money purchasing peripherals (e.g. mouse, keyboard, monitor and speakers) that you already own.

Bonus Tip:
 If you are interested in refurbished computers for the sake of the environment or potentially deep discounts, you can find them online from sites like
mudah.my
 and even
Lazada
, but remember to do your homework first so you’ll be able to identify good deals.

Time Your Computer Purchases To Save More

There are three ways to time your purchases: (1) waiting for festive seasons, (2) delaying your buy for
tax reliefs
, and (3) holding off before a new model launch.

Now the first two methods are easy enough to follow unless you desperately need to replace your machine. The last one however, requires you to consistently monitor announcements for launch dates which usually vary with brands.

A slightly older model tends to drop in price, just as the new ones are about to come in – making this the perfect time to buy! Not only will you enjoy a discounted price, you’ll still be getting your hands on a fairly up-to-date machine.

If you want to buy a quality new computer but can’t quite afford it in a lump sum, do consider an
Easy Payment Plan
. This payment method allows you the advantage of paying in instalments at zero interest.

To utilise the plan, you’ll first need a credit card. If you haven’t already got one or are simply in need of a better card, our
comparison tool
 can help you uncover the best cards in Malaysia! Have anything to add to the article? Do share your thoughts with us in the comments section down below!

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About THE AUTHOR

Desiree Nair

Desiree Nair

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EPF: Considerable Decline Of Malaysians Who Meet Basic Savings Threshold A Major Concern

(Image: Malay Mail/Hari Anggara)

The Employees Provident Fund (EPF) has highlighted the significant drop in the percentage of members who meet the basic savings threshold due to the Covid-19 pandemic. This has led the provident fund to express concern over the retirement security of the Malaysian public.

“While we are confident that the government’s various stimulus packages and initiatives will keep business sentiment strong and boost domestic demand, we are very concerned about the retirement security of the people, especially with 46% of EPF members below the age of 55 having less than RM10,000 in their account,” said the chief executive officer of the EPF, Datuk Seri Amir Hamzah Azizan in a statement.

Datuk Seri Amir Hamzah also shared that the pandemic had led to a significant drop in the percentage of members meeting the basic savings threshold from 36% to 27%, due to the Covid-19 related withdrawals to supplement their income during the crisis. Since the start of the pandemic, the government had introduced several initiatives that allowed eligible Malaysians to withdraw from their EPF funds to weather through current challenges, including
i-Sinar
 and
i-Citra
.

(Image: The Star)

Meanwhile, the
basic savings threshold
 is an estimated amount that is considered by the EPF to be sufficient to support a member’s basic needs for 20 years upon retirement (from 55 to 75 years old). The amount is currently set at RM240,000.

Aside from that, Datuk Seri Amir Hamzah also commented on the considerable hike in the number of gig workers within the country. He said that although gig work has helped Malaysians survive, many of these workers are also falling back on their retirement security due to irregular and unstable income. Additionally, gig workers face disadvantages such as the lack of employees’ benefits and social protection coverage.

“There will be far-reaching repercussions not only for their future well-being, but also for the government, which will have to carry that financial burden,” said Datuk Seri Amir Hamzah, who added that the EPF’s key strategy moving forward is to get gig workers and those in the informal sector to make EPF contributions for their own retirement. One of them includes the
recent MoU with Grab
 to encourage its driver and delivery partners to contribute to their EPF savings via the i-Saraan programme and the EPF self-contribution programme.

(Image: Malay Mail/Firdaus Latif)

That said, Datuk Seri Amir Hamzah also emphasised that a coordinated solution for the longer term is necessary to provide better social protection for the public. “As we recover from the crisis, the EPF’s focus is to help its members restore and rebuild their retirement savings to ensure that they are able to secure a dignified retirement. We will remain focused on our strategic asset allocation and continue to be cognisant of risk profiles of markets as they develop so that we are able to shift along the way,” he said.

(Source:
EPF
)

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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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Digi Partners With AXA Affin To Offer Prepaid Plan With Data And Free Life Insurance

Digi has partnered with AXA Affin to offer a prepaid plan that offers both data and free life insurance coverage. The Digi Abadi plan, which is open only to new registrations or subscribers of a new line, is offered exclusively on the telco’s online store. It is limited to the first 100,000 customers.

The prepaid plan offers life insurance coverage of up to RM40,000 in total, which is comprised of an allocation of RM30,000 for death, RM8,000 for death by vehicle accidents, and RM2,000 for funeral expenses.

In terms of mobile data, you’ll be entitled to 3GB of high-speed internet with 30 days validity, which you can bring forward to the following month if you do not finish your monthly quota. You may accumulate up to a maximum of 999GB if you renew your plan on time. However, the plan does not include voice calls and SMSes, which means it’ll cost you 10 sen/min to call and 10 sen to send an SMS. The SIM also has a validity of 365 days.

Interestingly, Digi Abadi also comes with annual loyalty rewards for subscribers who stay with the plan for at least one year. You’ll be able to earn an additional RM5,000 death benefit and an extra 1GB for your monthly internet quota when you renew your plan for the 13
th
, 25
th
, and 37
th
 time. In other words, it is possible for you to accumulate up to RM45,000 in death benefit, as well as enjoy 6GB of high-speed data each month after three years:

Plan renewals

Internet quota

Digi Abadi life insurance coverage

Death benefit

Death by vehicle accidents

Funeral expenses

First 12 renewals

3GB

RM30,000

RM8,000

RM2,000

13
th
 renewal onward

4GB

RM35,000

25
th
 renewal onward

5GB

RM40,000

37
th
 renewal onward

6GB

RM45,000

To subscribe to this plan, you’ll need to first get the SIM pack at RM28, but the monthly fee after that is an affordable RM20. Note also that this plan is only valid for Malaysians between 30 to 55 years of age, and must be free from disabilities or serious illnesses. Those who are taking long-term medications or have been hospitalised in the past 12 months are not eligible for the plan.

To find out more about the
Digi Abadi plan
, head on over to Digi’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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Win Big With RM5000 Cash Via DuitNow, iPad Air M1, and Xiaomi Poco C40 Up For Grabs This Week

Good news everyone! There are some big prizes awaiting you on this week’s Unbox The Week, including an opportunity to take home RM5000 cash via DuitNow!

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 20 March to 27 March, our featured bank partners are

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

Citibank – Apple iPad Air M1

Stand a chance to bring home an Apple iPad Air M1 when you apply for a Citibank credit card this week.

With an immersive 10.9-inch Liquid Retina display and a breakthrough M1 chip, the iPad Air delivers blazing-fast performance, making it a creative and mobile gaming powerhouse. The all-new iPad also features Touch ID, advanced cameras, and USB-C support, making it a versatile device on the go.

You’ll still be able to take home a pair of Apple AirPods (2nd Generation) if you don’t win the Apple iPad Air M1!

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

HSBC Bank – Sonos Ray Soundbar

Stand a chance to win the SONOS Ray Soundbar when you apply for a HSBC credit card this month!

Perfect for small to medium rooms, the SONOS Ray Soundbar is equipped with an optical connection for TVs and PC alike. Enjoy precisely balanced sound for a fully auditory experience.

For those who are not selected, you’ll 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
.

Public Bank – Amazfit GTS2 Mini

Fitness buffs, this is for you! Stand a chance to win the Amazfit GTS2 Mini Smartwatch this week when you apply, get approved and spend with a Public Bank Credit Card.

Featuring an ultra-slim and light design, the trendy Amazfit GTS 2 Mini Smartwatch will keep you healthy on the go with 68+ Sports modes and health-tracking features such as Blood Saturation Measurement. It even has Amazon Alexa built-in to help you navigate its features.

For those who are not selected, you will still walk away with a guaranteed Case Valker 20” Gorgeous Luggage Bag.

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
.

Alliance Bank – Realme Watch 2 Pro OR URBANLite Ledge 24” Luggage

Apply for a new Alliance Bank Credit Card and you’ll be able to take home a guaranteed Realme Watch 2 Pro or URBANLite Ledge 24” Luggage this week!

You’ll be guaranteed the Realme Watch 2 Pro when you apply for an Alliance Credit Card with Balance Transfer. The stylish smartwatch offers 100+ watch faces, supports up to 90 sports modes, and even lasts 14 days on a single charge. Awesome for health enthusiasts who want to keep track of their fitness at all times!

Applying for an Alliance Credit Card without Balance Transfer? You’ll receive the URBANLite Ledge 24” Luggage. The stylish travel luggage offers an embossed structured design for double protection and a combination lock for added security and peace of mind – the perfect accessory for your travels.

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 – RM5000 Cash Via DuitNow

RM5000 in cash via DuitNow? Yes, you heard right! Stand a chance to win RM5000 when you apply, activate, and spend with a RHB Credit Card. Spend it on your friends and families, pay for utilities, or save it for a rainy day – there are just so many options to choose from.

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
.

Standard Chartered – Xiaomi Poco C40 Smartphone

Apply and activate your Standard Chartered Credit Card and you could win a brand new Xiaomi Poco C40 Smartphone!

The Xiaomi Poco C40 is equipped with an immersive 6.71” Dot Drop Display, a 6000 mAh high-capacity battery, and an impressive high-performance octa-core processor, making this one of the most capable smartphones in the market. With 13MP dual cameras and a rear fingerprint sensor, the Poco C40 is perfect for those searching for a smartphone that has everything you need.

The best part? You’ll still get a guaranteed Xiaomi 70mai 1s Dashcam if you’re not selected.

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

***

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 27 March 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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Alliance Bank

Amazfit Gts 2 Mini Smartwatch

Apple AirPods 2

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Realme Watch 2 Pro

RHB

Sonos Ray Soundbar

Standard Chartered Bank

Touch 'n Go eWallet

URBANLite Ledge 24" Luggage

Xiaomi 70mai Smart Dash Cam 1S

Xiaomi Poco C40

About THE AUTHOR

Eloise Lau

Eloise Lau

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Maybank Launches EzyQ System, Allows Customers To Book Branch Appointments Online

Maybank has rolled out a new online appointment management system for customers, becoming the first Malaysian bank to introduce this facility for a full suite of banking services. Dubbed Maybank EzyQ, the online system allows customers to book appointments prior to their visits to selected branches and Premier Wealth Centres (PWC) across the country.

According to the bank, customers will be able to book appointments between one to ten business days in advance. They must choose a preferred timeslot and specify the branch or PWC that they wish to visit. Additionally, they’ll have to indicate the type of services that they would like to perform, such as account opening services, debit card issuance and replacements, loan and investment advisory, Premier Wealth services, and so on.

Customers who require repayment assistance on their loans/financing following the end of the moratorium can also use the Maybank EzyQ system to schedule appointments with the bank’s financial advisors.

Once your booking has been submitted, you’ll get an immediate confirmation of your appointment, as well as a follow-up email within the same day. The system will also send you a reminder email one day before your appointment date.

Aside from allowing you to book appointments with the bank, the Maybank EzyQ system also has a Manage feature that allows you to manage or update your existing appointments. To do so, you’ll need to key in your reference number from the confirmation email sent to you when you first set your appointments.

In its statement, Maybank said that the new system will help to reduce customer waiting time and improve crowd management in the bank branches. “With the pandemic, we’ve had to change the way our branches operate and have been working on a solution that enables us to prioritise our customers’ safety and provide the level of service they expect of us. This has led to the introduction of Maybank EzyQ, which we hope will bring better experience and convenience for our customers,” said the group chief executive officer (Community Financial Services) of Maybank, Dato’ John Chong.

Maybank further reassured customers that they can still walk in into banks for services without an appointment, although they are encouraged to use the new system to ensure personal safety.

At present, the Maybank EzyQ system is in the midst of the first phase of implementation, which allows customers to make appointments for close to 90 bank branches and PWCs. Maybank aims to roll out the system to its entire branch network by early 2021.

Head on over to Maybank’s website to try out
its new EzyQ system
 here.

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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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    Rasel

    2 years ago

I sinc passport number

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    Anonymous

    1 year ago

Why I didn’t get ezque

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4 Ways unifi Business Club Helps MSMEs Rebuild After Covid-19

In the past month, as economic sectors reopened and travel restrictions were being lifted, we’re finally on track to getting back to our usual routine. Needless to say, this has proven to be a boon for many Micro, Small and Medium Enterprise (MSME) owners who are looking forward to rebuilding their business. At the same time, it’s also an opportune time for MSME owners to rethink which aspects of the business they can further enhance to suit their customers’ needs in a post-Covid situation.

Now that many MSMEs have transitioned to an online marketplace, they will need to engage the services of various technology providers to help them operate efficiently in the new normal. To ensure that MSMEs will continue to have a seamless digital journey, unifi Business has partnered with government and private agencies to put forth business solutions, expertise, and marketing tools all on a single platform, the unifi Business Club (uBC). The best part is, uBC membership is automatically granted to business customers once they sign up with unifi. So, let’s find out how uBC can help MSME owners strive amidst the new normal.

As businesses transition into the digital marketplace, there has been a demand for service providers that could help them operate efficiently as they embrace the new normal.

Tap Into Online Consumers

Establishing a digital business involves cutting-edge technology and so, some of us might be under the impression that such services cost an exorbitant amount of money. The truth is, it might not necessarily be so. With uBC, MSME owners can access a plethora of productivity and marketing tools at minimal costs to grow their online presence and significantly boost sales.

For instance, the Enginemailer helps MSMEs manage an unlimited contact list, create newsletters easily with ready-made templates, and target their audience effectively to send emails to them. In addition, uBC members can engage the services of Yellow Pages to reach out to 80% of internet users worldwide via Facebook and Google Ads at 20% discount.

As the nation’s e-commerce market continues to boom, MSME owners will require services that can help them streamline their business across multiple sales channels. EasyStore not only exposes your products and services to more than one channel, it also provides customer relation services, helps you organize products for all sales channels, and so forth.

Last but not least, uBC members are entitled to Premium Support by unifi whereby on-site technical support is deployed to 25 different TMpoint locations nationwide within two hours of making a request.

Peer-to Peer Community

Despite the pandemic, businesses are still mushrooming in the nation with many setting up their new ventures. The uBC is currently serving nearly 400,000 businesses of varying industries and sizes. Aside from providing business solutions, uBC also offers its members the opportunity to connect with their peers and trade tips with one another by organising frequent networking sessions, webinars, master classes, partnership events, and more.

There’s no method of learning that’s as unique as picking the brains of your peers. SME Sama-Sama on uBC curates a wide range of educational business content in the form of webinars, articles, live chats, and more for members to peruse. Sembang Bisnes webinar is designed to nurture uBC members with up to date tips and tricks to boost their business productivity. More recently, uBC has partnered with Redbeat Academy to provide Instructor Led Training (ILT) and On Demand Courses focused on digital marketing to help MSMEs expedite the adoption of new technology. The partnership has also given birth to Financio, an accounting tool designed to help micro and small enterprises automate certain accounting processes.

Webinars such as Sembang Bisnes can help MSMEs grow their businesses digitally.

Manage Your Day-to-Day Operations Easier

With more of us working remotely nowadays, moving certain operations online allows us to continue working effectively aside from improving efficiency and reducing operation costs. As mentioned earlier, Financio is a cloud accounting software that simplifies your operations by providing an overview of your bank transactions, a smart inventory functionality that ensures you have optimal levels of the right stock at the right location and time, live charts and reports at your fingertips and more.

In addition, you can also digitalise your payroll and human resource tasks with Swingvy’s HR Payroll software, which makes it easy to onboard, pay, insure, and support your team, all in one place. These include a free HR mobile app for leave requests, expense claims, and time attendance as well as an integration with Xero accounting software, Google Calendar, and more.

Give Your Financing A Boost

ScoreXcess is one of the first one-stop business financing application portals for small and micro financing. It applies artificial intelligence technology to evaluate both the capabilities and needs of MSMEs to match them with suitable financing agencies or institutions. Approval status takes up to three working days, based on completion of documents.

***

As we step into the new normal, MSMEs will need every support they can get to manoeuvre challenges and regain business momentum. All of the solutions on uBC are offered in collaboration with various agencies from both the public and private sectors. They are available to all uBC members at special discount rates as well, so hurry and check them out!

Learn more about unifi Business Club
here.

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SME

Unifi

unifi Business Club

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Chee Jo-Ey

Chee Jo-Ey

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AIA Offers Extra Coverage For Covid-19, Includes RM10,000 Death Benefit

(Image: CNA)

AIA has announced that it will be offering extra coverage for cases of the Covid-19 disease, commonly known as the Wuhan coronavirus or novel coronavirus. AIA Individual Life, Family Takaful, and Flex PA customers will be entitled to a hospitalisation and death benefit at no extra charge under the additional coverage for the coronavirus.

The hospitalisation benefit amounts to RM200 per day payable up to 30 days of hospitalisation if the insured is diagnosed with Covid-19 and kept in quarantine at any one of the Ministry of Health’s designated referral hospitals. If the insured passes away due to Covid-19, AIA will pay out an additional lump sum of RM10,000 per life to the beneficiary.

AIA will cover the benefits above until 30 June 2020. The coverage is not applicable to group plans, and any persons covered with more than one policy or certificate is only entitled to claim once. There is no waiting period for the coverage, but any pre-existing conditions prior to the commence date of the policy or certificate are expressly excluded.

As mentioned, this extra coverage is available to all of AIA’s existing Individual Life, Family Takaful, and Flex PA customers, but is also extended to new AIA customers who take up any of the eligible plans before 31 March 2020.

As for AIA medical plan holders, all of AIA’s medical plans will be covering customers who require hospitalisation and treatment as a result of Covid-19; all members of the Life Insurance Association of Malaysia (LIAM) and the Malaysian Takaful Association (MTA) have
already pledged to provide coverage.

Other insurance companies have also stepped up to offer special types of complimentary coverage for the Covid-19 virus – such as
Prudential Malaysia’s lump-sum payout of RM5,
000 to Prudential policyholders who have been diagnosed with Covid-19.

(Source:
AIA
)

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Jacie Tan

Jacie Tan

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Maybank’s got your school holiday plans covered

School’s out and some family fun time is in. If you’re a Maybankard holder, you should take advantage of the
privileges you’ll enjoy at several awesome places your children would just love.

Have a great day out at the Berjaya Times Square Theme Park, i-City, Petrosains or Sunway Lagoon. If you’re heading out of the city, there are great deals at The Lost World of Tambun, Eastin Hotel Penang and the Pangkor Island Beach Resort too.

It’s going to be a serious blast. Not just for the kids, but for the kid in you as well!

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John Royce

John Royce

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Government and Private Hospitals in Malaysia: How Much Do They Really Cost?

Ask anyone about which hospital offers cheaper medical treatments – between the government or private hospital – and the unanimous answer would surely be the former. It’s not news, really, since the
public healthcare in Malaysia is subsidised by the government
.

But, with the cheap price tag comes a long wait. Frankly speaking, this is something to be expected as tens of thousands of the sick and injured flock the subsidised health facilities daily in an effort to save money – or simply can’t afford the more expensive alternative.

Of course, for those who can afford it or have a medical insurance policy to cover their medical expenses, private hospitals tend to hold a much bigger appeal – simply because they offer a better customer service and facilities. After all, that’s really what you’re paying for, isn’t it?

Now, let’s talk cost; how much do the government and private hospitals charge you for medical treatments? Read on and find out yourself!

Price Difference Between a Government vs Private Hospital in Malaysia

Be warned, some of the prices stated in the below table are eye-wateringly expensive. We’ve asked around and listed the general cost of some of the most popular medical treatments in Malaysia in both government and private hospitals for you to compare yourself.

**Note that these prices may vary depending on the different healthcare providers as well as the severity of the medical condition. Certain additional costs may apply such as pre-surgery, health screenings, medical needs, as well as personal preferences.

Additional Medical Costs That You May Need to Pay For

Of course, the costs of the medical treatments statement above aren’t the only thing you’ll need to pay for. Here’s a table of the additional charges that may be added to your bill, depending on the type of hospital you prefer to visit.

**Note that these prices may vary depending on the different healthcare providers as well as the severity of the medical condition.

Why Are There Huge Price Differences Between Government and Private Hospitals?

Putting aside the fact that government healthcare facilities are subsidized (here’s where you can see where parts of your tax money went to!), private hospitals cost more because they typically offer higher quality services than their counterpart.

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Of course, it doesn’t necessarily mean that private hospitals offer better medical treatments that the government hospitals. But, you can expect to receive better patient-care as well as customer care (if you’re a visitor).

Things like shorter waiting period (to receive medical treatment), well-maintained and clean environment, pleasant and luxurious facilities, room service, and bigger food and medicine selections are some of the perks offered by most private hospitals. You can also enjoy longer visiting hours and more privacy, as there are more private wards (albeit at additional costs) should you prefer to have your own room.

This isn’t to say that the services offered at government hospitals are bad. In fact, our hospitals are ranked as the
fourth best healthcare in the world
! However, with the overwhelming number patients to treat each day, government hospitals can hardly afford to give special attention to patients the way private hospitals can.

How Much Money Do You Need to Prepare For Hospital Admission?

Unless you’re being admitted through the emergency room (or through the ambulance) or have a medical card that covers your admission fees, you’ll have to fork out your own cash before you can be admitted into a hospital.

The amount you need to prepare varies according to the type of hospital you prefer to visit (see table above for hospital admission fees), but the consensus is that the costs are significantly lower if you opt to be admitted in a government hospital. You probably only need between RM50 to RM100 to be admitted in a government hospital, whereas private hospitals usually charge between 6% to 10% of your overall surgical or treatment costs as deposit or admission fee.

To give you a better idea of how much the admission fees at private hospitals may cost you, let’s say the estimated cost of your medical treatment is RM17,000. That means you’ll have to pay between RM1,020 to RM1,700 before you’re allowed to be admitted and get medical treatments.

How Do I Avoid Paying Hefty Medical Bills if I Get Hospitalised?

No one likes to think about the worst-case scenarios, but when it does happen, you’d want to be well prepared for it. In the case of medical costs, unless you’re happy to wait around for your turn at government healthcare facilities or have a lot of money lying around, get a medical card (a.k.a. health insurance policy) that can provide sufficient coverage for your future needs.

Otherwise, we hope your employee benefit includes sufficient hospitalisation coverage. Because no one like to wait for medical treatments when they’re in excruciating pain. Want to find out the best medical card for you? Sure thing! Just head to our
medical card page
 to compare the available medical cards and health insurance in the market and apply for the one that suits you most!

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    Abdul Fattah bin Hashim

    2 years ago

That was a nice read. But, if I may, would it trouble you if I ask some questions for an assignment?

1. Is it possible to pay in installments?

2. If a treatment is needed to save a life but one is unable to pay, will that person be barred from treatment or will the treatment be carried out anyway?

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    William Ting

    6 months ago

For anyone above 60, the charges in gov hospital is normally free if the medicine/”spare part” are standard. But be prepared to buy/pay for your own “spare part” or even medicine which has not yet make to the standard list .

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