If you’ve ever wondered what happens when a bank runs out of funds, the bank will actually borrow from another financial institution. When banks borrow from each other like this, they are charged what is known as an overnight policy rate (OPR). When Covid-19 hit our country, Bank Negara Malaysia slashed the OPR several times […]

In light of how small to medium enterprises (SMEs) have been struggling during the pandemic, CIMB has introduced various initiatives on sustainable business practices to help them. These initiatives are more crucial, especially when SMEs make up the bulk of businesses in Malaysia.  According to SME Corp Malaysia, 98.5% of Malaysian businesses in Malaysia are […]

Did you know that in 2020 alone, 4,634 deaths in Malaysia were caused by road accidents? This was 24% lower than the numbers in 2019, but despite this reduction in deaths, cases of injuries on the road had increased by 14.6%. What’s even scarier is that sometimes, even if you do your best to be […]

If you are a small and medium enterprise (SMEs) that is struggling to stay afloat, CIMB has introduced a new platform to guide you to the right financing facility to help your business during this pandemic. CIMB is the First Commercial Bank in Malaysia that integrates a chatbot called EVA to support SME owners in […]

With Covid-19 being around for a long time now, you’re probably used to reading a lot of fake news and conspiracy theories surrounding it, and even on the vaccines. You know what they say: Fake news is the second battle that we have to fight together with this pandemic.  On that note, here are 5 […]

As a business owner, you know that adapting to changes is more important now than ever before. COVID-19 has accelerated transformation in the way we work today.  There is less foot traffic in physical stores as consumers prefer online shopping during the pandemic. So if you plan to evolve, stay ahead of the competition, and […]

Many small and medium enterprises have been impacted by the economic standstill caused by various movement control orders to stem the spread of the Covid-19 pandemic. In an October 2020 report by The Edge Markets, the SME Association of Malaysia carried out a survey among 1,713 members and found out that 20% of its respondents […]

Going digital is no longer just a buzzword, but it’s also a way of life for many businesses. With half of the world population being active internet users, it’s no surprise why businesses are pushing to digitize their operations. SME Corp targets the digitalisation of all SMEs Currently, only 32% of Small and Medium Enterprises […]

Ever since young, we have learned to save up money and stash it away in a savings account. But did you know there’s another way to save money and earn even more money? The answer: leveraging interest rates on savings accounts. Understanding how interest works on a savings account is important to help you maximise […]

Have your groceries and daily necessities gotten more expensive lately? After a pandemic-induced decline in prices for 2020, Bank Negara Malaysia (BNM) has announced that headline inflation (which measures the total inflation within an economy, including food and energy prices) will temporarily spike to above 5% in the second quarter of 2021. In times like […]

Paying off a loan is never a fun thing to do. Pile on multiple loans and we have a headache on our hands. But don’t worry! There’s one sure way to give you the upper hand when it comes to multitasking your loan payments – a Debt Consolidation Loan. As its name suggests, a debt […]

There’s a common misconception that paying in cash, as opposed to via a credit card, is always apparently the savvier, wiser, safer and better way. But is it really? Though not paying your credit card debt on time will definitely cause you to be saddled with debt, the real issue with credit cards are not […]

If you are a business owner, you may or may not already have a business bank account. But is it necessary to get a bank account for your business? Here’s our analysis on why it may be a good idea to get a business bank account. When you’re a budding entrepreneur, starting your own business […]

Not all types of businesses may necessarily warrant a business bank account—maybe you are just a freelance writer or a freelance graphic designer who works on projects on a part-time basis. For these folks, the belief is that as long as you can handle the current volume of transactions of your personal and business expenses, […]

This article was first published on January 2017 and has been edited and updated for accuracy and clarity. Do you know the rights you have over the retirement money you save in your EPF account? CompareHero.my spoke to Puan Balqais Yusoff, Head of Strategy Management Department in EPF to help answer some of the common […]

Being good with money doesn’t mean you need to stop spending. Instead, what matters more is knowing how to properly manage and spend your money because let’s face it – there’s no way to evade spending! While you are out grocery shopping or paying your utilities remember to make the most out of it through […]

Take your business to the next level with the new CIMB Platinum BusinessCard, and enjoy exclusive rewards like cash rebates. Even better, you don’t need a large business to be qualified for one. When starting a business for the first time, you may choose to use a personal credit card, rather than a business credit […]

A credit report is important because it helps you assess whether you are eligible to apply for a credit card, personal loan or mortgage. Read this article to find out how you can read and check your credit report for free! Getting rejected for a credit card or loan isn’t a personal slight against you, […]

Bank Negara Malaysia (BNM) has recently announced that it will establish additional financing measures to provide relief and support to small and medium enterprises (SMEs), following the release of Budget 2021 by the Ministry of Finance last week. These measures, which include additional targeted repayment assistance for individuals and SME borrowers, and several other initiatives, […]

Technology is transforming at a rapid pace and impacting the way organisations operate and work. Digital Transformation is now inevitable across all sectors, and Human Resource (HR) management is not immune to it. Additionally, the global COVID-19 pandemic has triggered the acceleration of digital transformation in HR, forcing them to think of operational alternatives like […]