Yesterday’s The Star online had an article on the increase in debit card usage in the current economic conditions as a measure to keep one’s debts in check.
The method of swiping the card is very similar to credit/ charge cards, with one exception, there isn’t any interest charged on late payments. This is because, one [...]
I used to love Chinese New Year – apart from the cookies, the other main attraction is the receiving/ giving of ang pows. I used to collect them and faithfully hand it over to my mum for her safe keeping. We would count the amount on the 15th day of CNY and then bank it in days [...]
February 2009’s Personal Money is full of good articles and I would like to share this one with you.
On an average, according to Lipper, the total 474 funds registered for sale in Malaysia made an average loss of 2.28%. Equity funds reported an average loss of 35.54% while property funds loss an average of 40%. [...]
May the year of the Ox brings us all joy and happiness.
Hopefully the year will bring us more financial stability. Meanwhile, have a great celebration everyone!!
Gong Xi Gong Xi!!
This is taken from today’s The Star. The Overnight Policy Rate (POR) was reduced from the previous rate which was 3.25% to 2.5%. Apart from that, the SRR (Statutory Reserve Requirement) was also reduced from 3.5% to 2% currently.
What this effectively means is that the cost of borrowing will be lower and this will hopefully benefit the economy [...]
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