Updated 22 Jan 2020. The OPR is an overnight interest rate set by BNM. It is a rate a borrower bank has to pay to a leading bank for the funds borrowed. The OPR, in turn, has an effect on employment, economic growth and inflation. It is an indicator of the health of a country’s […]
Do you know what is income tax relief? Tax reliefs are set by Lembaga Hasil Dalam Negeri (LHDN), where a taxpayer is able to deduct a certain amount for cash expended in that assessment year, from the total annual income. These are for certain activities that the government encourages to lighten our financial loads. For […]
CIMB has refreshed their SME business proposition, to provide customers with a complete suite of solutions that go beyond banking. Anchored on three pillars: SME Transact (e.g. cash management services), SME Financing (e.g. no-collateral and business property financing), and SME Partners (various services from logistics, workspace and connectivity etc, offered by CIMB partners). Both CIMB […]
CIMB Group Holdings Bhd recently launched RM100 million in financing for small and medium enterprises (SMEs) to acquire and install renewable energy technology, as part of its RM15 billion SME allocation for 2019–2020, and the group’s sustainability commitment. Among the first initiatives of this agenda is to provider smaller SMEs with 100% financing to cover […]
The National Fiberisation and Connectivity Plan (NFCP) is a dynamic five-year government plan, spanning from 2019 to 2023, to provide sustainable, comprehensive, high quality and affordable digital connectivity to the nation. It prioritises the provision of sustainable digital infrastructure, primarily based on a fibre optic network, and other technologies such as wireless and satellite. NFCP […]
Source: The Star Malaysians will have to pay a departure levy ranging from RM8 to RM150 when travelling out of the country starting Sept 1. In a gazette published on July 31, Finance Minister Lim Guan Eng has fixed Sept 1 as the effective date for the departure levy. According to the Departure Levy (Rate […]
In the run-up to Malaysia’s Budget2020 or Belanjawan2020, the government is seeking ideas and suggestions from its citizens as it looks to boost economic growth while narrowing the fiscal deficit. Budget 2020 will be tabled by Minister of Finance, YB Tuan Lim Guan Eng on Friday, 11th October 2019. Malaysians from all walks of life […]
Under the government’s current e-hailing regulations, Grab drivers are required to get an e-hailing insurance add-on on top of their existing private motor insurance policy. Grab Daily Insurance (GDI) is a really flexible and affordable solution as drivers need only pay for coverage when they need it. It removes the need to pay for an […]
In line with the Government’s effort to uplift the financial literacy amongst Malaysians, Prime Minister Tun Dr. Mahathir Mohamad launched the National Strategy for Financial Literacy 2019-2023 which sets out priorities and actionable plans to equip Malaysians with the knowledge to make informed financial decisions and to nurture healthy attitudes in financial management.