Finance »
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One must have cash reserves of about RM1mil to be able to maintain one’s current lifestyle 20 years after retirement.
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Cyber-crime has rise by 619% over the past year with fraudsters tricking naive bank account-holders with text messages or e-mails "warning" of their e-bank accounts having problems or that they have "won" a prize.
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Many people have been complaining of high electricity bills ever since Tenaga Nasional Berhad (TNB) introduced a new method of tabulating power usage recently.
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AmBank Group chairman Tan Sri Azman Hashim expects the global financial turmoil to have a knock-on effect on Malaysia. But he says banks are well-capitalised to absorb the earnings pressure.
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THE world has caught a bad cold. According to the October 2008 IMF World Economic Outlook Report, the world economy, battered by the most dangerous financial shock since the 1930s and by still-high energy and commodity prices, is entering a major downturn and many advanced economies are already close to or moving into recession.
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The money market offers “shelter” in the current volatile environment, says Yvonne Phe Kheng Peng, of AmInvestment Bank Group.
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Ramli Saidon had the shock of his life when his account was short by a large sum of money when he tried to withdraw cash at a bank in Subang on Nov 28. “I found that RM3,132.44 had been siphoned off."
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More people are beginning to discover the beauty and the incredible opportunity for success and prosperity that exists in the insurance industry.
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In these times of rising food and fuel prices, people can have access to more disposable income if the amount deducted from employees for the Employees Provident Fund is reduced.
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The 20-day interest-free grace period will remain for credit cardholders who continue to pay the full amount while those who pay at least the minimum 5% on their outstanding amounts for 12 months continuously will enjoy a 15% interest rate per annum on the remaining amount owed.
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