(Updated 27th September 2019)
Japanese cuisine is an acquired taste. But it seems to have found a place in almost everyone’s palate. Today, Japanese food gets the thumbs up from people of all ages and ethnic backgrounds. If you are an avid fan of Japanese food, then this is the article for u. Bring on the sashimi, fresh oysters, teppanyaki, teriyaki, don, and sushi.
We bring you a collection of Japanese buffets and ala-carte buffets for your dining pleasure. We’ve also grouped them in ascending order in terms of pricing, with the cheapest buffets first. (more…)
Say goodbye to physical paper forms when you sign up for a Citibank credit card; Citibank is now utilizing a fully digital application process. This means a faster and more convenient process for you! Read on to find out how.
6-Step Digital Form
When you apply for a Citibank credit card through us, CompareHero.my, you will go through two different forms (which may seem many, but it’s faster than you think!) as highlighted above.
It’s always better to be prepared when you’re applying for a credit card online. You will need to provide the bank with several documents, depending on your working status.
Click on the tabs below to understand the digital form better!
On the first step of Citibank’s digital form, you will be asked to provide your contact details, including whether you are an existing customer or a new customer.
Don’t forget to select the checkbox to show you’ve read the terms & conditions!
You will be required to provide your employment information on step 2. This is important as the bank would like to know your income eligibility for the credit card you’re applying.
One of the benefits of Citibank’s fully digital form is “In-Principal Approval”!
This is similar to an “instant-approval” process whereby the system decides if you are eligible for the selected credit card.
Continue to fill in your marital status and residential ownership, along with your financial information to continue the application process.
If you are rejected at this step, you will not be able to proceed!
After providing all the information before, the system then calculates the right credit limit for your credit card.
Next, fill in the name to appear on your credit card, as well as other options such as the preferred mailing address.
Remember to select “CompareHero Gift” if you are applying through us for our promotions!
The documents you (hopefully) prepared earlier? It’s now time to upload them into Citibank’s system. If you have not prepared the documents, you can select to upload your documents later, though that would only slow down your application process.
Congratulations, you’ve confirmed your application!
Just sit back, relax, and wait for Citibank to confirm you once your application has been approved. (Don’t forget to save the application reference number!)
If you’ve also applied for a specific credit card gift from us, don’t forget to use your credit card as soon as you get it. You’ll receive contact from CompareHero.my shortly after.
Simple? Yes, it is!
Now, head on to compare Citibank credit cards and apply for the right one.
Click below to apply for a Citibank credit card or check out our credit cards promotions.
FWD Takaful Berhad (“FWD Takaful”) officially launched its brand today and introduced its vision to change the way people feel about Takaful. Marking FWD Group’s (“FWD”) ninth market in just five years, the brand will leverage FWD’s strength and expertise in the insurance and protection business to cement its position locally as a family Takaful operator, offering innovative and easy-to-understand products and a straightforward approach to claims.
Official guest of honour Malaysia’s Minister of Finance, YB Tuan Lim Guan Eng said, “The entry of FWD Takaful into the Malaysian market certainly bodes well for the local insurance and takaful industry; as it will provide Malaysians with more competitive choices of Takaful plans for themselves and their families, and reflects the growth potential of Malaysia’s Takaful industry. This is also in line with the government’s commitment to assist Malaysian households to become more financially resilient through insurance and takaful protection.”
Lim Guan Eng went on to say that FWD Takaful’s aim to foster digitally-enabled relationships with customers is a great way for Malaysia to be at the forefront of this movement. By encouraging and introducing digital products, it adds to a collective effort that will help the transformation towards digitalization of our Malaysian economy.
Meanwhile, Salim Majid Zain, CEO of FWD Takaful said FWD Takaful pride ourselves in taking a customer-led approach and aim to provide easy access to innovative family Takaful products to all Malaysians. We want to defy industry norms and create fresh customer experiences, supported by digital technology.
FWD Takaful wants to enhance Malaysians’ access to a wider selection of products through multiple distribution channels and different coverage options to support Bank Negara Malaysia’s efforts to increase awareness.
“We are confident in the long-term growth potential of the Takaful industry in Malaysia, as our nation continues to be one of the leading global hubs for Islamic finance. Takaful, Islamic banking and the Islamic capital market is built on a strong and comprehensive Islamic financial system with a solid regulatory regime and legal framework here. For that reason, we’re positive that this will be the cornerstone in ensuring the success of our operations here in Malaysia.” he said.
FWD Takaful wants to enhance Malaysians’ access to a wider selection of products through multiple distribution channels and different coverage options to support Bank Negara Malaysia’s efforts to increase awareness.
In our previous article on the National Strategy for Financial Literacy 2019-2023, we briefly touched on the five strategies that were the main focus of the entire plan. In this article, we dive deeper into what they actually contain.
“This National Financial Literacy Strategy” is essential for developing a sustainable society make wise financial decisions to avoid the pressure of misbehaviour or mistakes financial affairs.” Tun Mahathir.
According to the Credit Counselling and Debt Management Agency (AKPK), One out of three Malaysians is not comfortable with their financial knowledge, while half of the population (52%) say they face difficulties raising even RM1,000 for emergencies.
AKPK also found that 68% of Malaysians who retire at 55 do not even have at least RM240,000 in their Employees Provident Fund (EPF) account. This all boils down to how much you really know about managing your money. We were taught in school to “Menabung” and we always hear the infamous Malay saying ” Sikit sikit, Lama lama jadi bukit”. But the harsh reality is that for the majority of us, we don’t really get to see the “Bukit”
Enhancing financial literacy across all segments of society requires a systematic, sustained and coordinated approach that focuses on engendering long-term behavioural change. The National Strategy for Financial Literacy 2019-2023 (National Strategy) identifies the key priorities for achieving this and serves to align and harness synergies across initiatives with the ultimate goal of elevating the financial well-being of all Malaysians. Mastering basic financial principles and understanding the potential trade-offs between risks and returns are essential life skills that need to be emphasized.
Vision and Objectives Strategic Outcomes and Guiding Principles
The National Strategy focuses on empowering
Malaysians to:
The guiding principles that should be adopted to implement the National Strategy are:
Contents
Goals
Desired Outcomes
Financial education should start at an early age. Basic financial education must be taught to school children in order to inculcate and nurture good financial values in our young. This will enable students to apply what they have learnt about personal finance and practise prudent money management. Financial education can be incorporated both in curriculum and co-curriculum activities. The private and public sectors can also contribute and collaborate on such initiatives with the assistance of the Ministry of Education Malaysia.
Action Plans under this strategic priority aim to expand and reinforce financial education in schools as well as support capacity development and resources for teachers. Parental groups and the broader community are also encouraged to advocate financial education as they play a significant role in imparting the right values among young Malaysians.
Goal
Desired Outcomes
Studies reveal that Malaysians lack sufficient confidence in their financial knowledge and skills. One in every three Malaysians rated their financial knowledge as low; while one in ten Malaysians feel that they are not disciplined when it comes to managing their own finances.
FEN seeks to educate and encourage Malaysians to adopt a healthy financial lifestyle. To advance and improve financial awareness, the information will be communicated through bite-sized messages using various channels including social media, digital platforms and physical touchpoints in order to reach out to as many Malaysians
as possible.
Crucial information pertaining to money management is relevant to promote good financial behavior among Malaysians, such as:
Action Plans for this strategic priority will leverage on collaboration between FEN members and other stakeholders and include nationwide campaigns to heighten awareness on financial education initiatives for all Malaysians.
Goal
Desired Outcomes
This strategic priority will focus efforts on vulnerable segments of society.
Target groups include housewives, self-employed, and young graduates who are entering the workforce, as this is a period when our youth should learn how to manage an income. The FCI Survey 2018 also observed that low income
households tend to have lower levels of financial literacy.
Developing long-term financial attitudes and positive behavioural change requires consistent intervention over a period of time. Action plans include initiatives that provide information, education, and incentives for these targeted groups. FEN will leverage with the private and public sector as well as non-government organisations to inculcate positive behaviour towards financial resilience.
Goals
Desired Outcomes
Based on a study in 2017 by the Department of Statistics, the life expectancy in Malaysia is approximately 74.8 years. Hence, there is a clear need to improve long-term financial planning among Malaysians in order to achieve medium to long-term financial goals and have sufficient funds for expected life events including marriage, having children and retirement. When it comes to financial planning the FCI Survey 2018 observed that Malaysians tend to save without clear goals and “live for today”, leaving them with insufficient funds for major expenses. Eight out of 10 Malaysians claim to save money regularly. However, these savings are typically withdrawn by the end of the month with no accumulation of wealth. The absence of long-term goals leaves many Malaysians ill-prepared to deal with both expected and unexpected expenses (e.g. loss of income, serious illness, accidents).
In addition, lack of retirement planning is further exacerbated within the informal working sector. While the private sector and non-pensionable’s retirement savings are managed by the Employees Provident Fund (EPF), there remains a large number of working Malaysians in the informal sector who are not captured by any form of retirement and/or pension schemes.
Therefore, conscious efforts to boost long-term financial planning for unexpected life events and retirement planning among Malaysians is necessary. Action plans include providing tools and guides, promoting other voluntary retirement schemes and engagement with professional financial advisory services, where relevant.
Goal
Desired Outcomes
Financial innovation has increased savings and investment opportunities. At the same time, Malaysians must be able
to appreciate the benefits and risks of investing in new products. They should also be able to identify suitable financial products based on their risk appetites and objectives and make informed financial decisions.
It is also increasingly important to be financially literate in this era of digitisation, as information found online can be overwhelming and even inaccurate at times. Furthermore, as new financial products and services such as internet banking and mobile payments are growing in popularity, financially literate Malaysians will be able to validate and verify such information before making any financial decisions.
Based on Securities Commission Malaysia’s survey conducted in 2018, investors perceive that an annual return of 12.4% is considered low, 24% as medium and 42.9% as high, suggesting that Malaysians have an unrealistic expectation on returns from investments. Expectations of unrealistically high returns increase the risk of falling victim to scams and illegal financial schemes. With basic financial knowledge, Malaysians will be able to make the distinction between legitimate products and fraudulent schemes and be aware of avenues to seek help when in doubt.
(Infographics Source – www.fenetwork.my)
Making the minimum monthly payment on your credit card is something that should never happen, but sometimes life deals us a heavy hand. To discourage people from making minimum monthly payments (or spending past their repayment ability), a few banks have made revisions to their terms & conditions. Read on to find out.