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The latest and the best financial news, tips and tricks.

Free insurance coverage for B40 from Jan 1

Courtesy of The Malaysian Reserve Beginning  1st January 2019, the Government will offer a free insurance scheme worth RM2 billion to individuals between the ages of 18 to 55 within the 4.1 million B40 households. This scheme will provide medical coverage for 5 years to the targeted recipients. Finance Minister Lim Guan Eng said that the Government will be […]

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Golongan Isi Rumah B40, M40 dan T20 di Malaysia Berdasarkan Pendapatan

Kumpulan B40, M40 dan T20 merujuk kepada klasifikasi pendapatan di Malaysia. Menurut Jabatan Statistik Malaysia (JSM), inilah definisi yang terkini.

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2019年的“B40预算案“–是否做到公平公正?

马来西亚2019年的预算案已经出炉。这个预算案被很多人称为“B40预算案”,因为它里面有许多方案来援助最底层的40%的家庭(B40群组)。在部长演讲时,他做出了几个以维护这个群组的声明。整个演讲总共有78页,让我们看看一些大纲。

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The T20, M40 And B40 Income Classifications in Malaysia

 Updated: 7 November 2018 Malaysians are categorised into three different income groups: Top 20% (T20), Middle 40% (M40), and Bottom 40% (B40). Over the years, the bar for each group’s income level has increased and this is one of the indicators of economic growth. Here’s the latest definition for T20, M40 and B40 based […]

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The B40 Budget – Fair and Just?

So the most anticipated Malaysia Budget 2019 has just been tabled. There have been many reactions to this somewhat interesting budget presentation by our Finance Minister, YB Lim Guan Eng on November 2nd 2018. There are many ways to analyse this budget but i guess the most glaring aspect of this budget is that it’s […]

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Malaysia’s Personal Finance Roundup 2018

2018 is coming to an end, paving the way for 2019. It will be the start of a new year under a new ruling government, and a 2019 Budget that is quite different from before. What has happened this year for Malaysia, and what is to come? In last year’s Malaysia personal finance roundup, we […]

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Common Money Mistakes People Made in 2018

  “Pokai lah,” (broke) or “duit dah kering” (no more money). Familiar with those phrases? Chances are, you have used it yourself, or have heard your friends or family using it. Read on to find out the common money mistakes Malaysians made in 2018. 

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PTPTN PGB – What’s That? Loan Repayment, That’s What.

PTPTN borrowers will soon have to repay their loans in specific amounts depending on their monthly income by automatic deduction – whether they like it or not.

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Malaysia Broadband Plans: Latest Prices For Maxis, Unifi & Streamyx

The Mandatory Standard on Access Pricing has reduced internet prices (both broadband and mobile). Some existing plans were given higher speeds or larger quotas. Find the latest home broadband internet prices from major providers in Malaysia here.

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Budget 2019: New Taxes for Malaysia

Budget 2019 was expected to be a burden with the introduction of the new taxes, plus the pre-budget warnings that it will be the most difficult budget ever. The new taxes include a soda tax, digital tax, as well as a departure levy – to name a few. Click to read about all the taxes […]

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Budget 2019: Summary Infographics To See

There’s just so much to read about the Budget 2019. Among the many topics, not all will be applicable or relatable to each individual. Want to get up to speed on what matters to you in the Budget? These are the infographics to see.

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Malaysia Budget 2019 – Live Updates at 4PM

Our Closing Thoughts on Budget 2019 Adoi – that was a lot to take in! Lim Guan Eng was, admittedly, speaking so fast that we had a hard time catching up. This budget announcement was heavy and carries three significant themes: Institutional Reforms People’s Well-being Pollution & Entrepreneurial Culture The total budget allocated for 2019 is total of RM314.55 […]

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Budget 2019: How Income Inequality in Malaysia can Affect You

Updated: 31 October 2018 Income inequality, income gap, income disparity, these are all different words that refer to one simple thing – some people make more money than others. This is a sensitive issue to discuss within society because it involves a person’s salary. But how does the difference in salary matter?

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Do you buy a House or a Car first? [SURVEY]

Update: Read the results here: Do you buy a House or Car first? [RESULTS] Call it the “coming of age” or the “they’ve all grown up” phase from the parents, but at some point, in your working life, a mostly unavoidable question will appear: “To buy a house or buy a car first?” To buy a […]

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Amanah Saham Bumiputera 2: Investment For Gen-Y In Malaysia?

The Amanah Saham Bumiputera 2 (ASB 2) was officially launched on 2nd April 2014. Also known as ASB2, the unit trust fund is an extension of a program of the same name originally launched by Permodalan Nasional Berhad (PNB) on 2nd January 1990. PNB manages the fund which stands at a total of 10 billion […]

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A Checklist To Maximise Your Income Tax Relief

2017 is winding down and before we enter 2018, here is what you can do to save money  through income tax relief.

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6 Bantuan Kerajaan di Malaysia Yang Tidak Diketahui Ramai

Di Malaysia, selain BR1M atau Bantuan Rakyat 1 Malaysia untuk membantu golongan yang berkelayakan, terdapat banyak subsidi dan bantuan kerajaan di Malaysia yang mungkin anda tidak ketahui.

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What Is Missing From Budget 2018? Here Are What The Experts Think

After the Budget 2018 announcement, we spoke to several experts in the personal finance industry for their opinions. Throughout the article, we will highlight some of the policies and arguments made by the experts towards the effectiveness and efficiency of the policies.

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Bajet 2018: Will the Rakyat Get What They Want?

Prime Minister Datuk Seri Najib Abdul Razak will be tabling the 2018 Budget later this month on Friday, 27 October 2017. There has been much speculation about what will be put forward but let’s take a look at some of the more common requests from the rakyat. How do we keep up with the rising […]

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6 Government Aids You Didn’t Know About in Malaysia

Aside from BR1M, or Bantuan Rakyat 1 Malaysia to ease the burden of Malaysia’s low-income households, there are many other government aids and subsidies that you may not be aware of. Here are 6 other government aids and subsidies to help ease your burden during the turbulent economy.

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