Finances

Today, the hottest topic in town was " No more subsidies on RON95 and Diesel starting Dec 1 ". While the starting date is just a mere 10 days from now, it catches every Malaysian by surprise. No wonder netizens share this news all over in social medias discussing about this matter and alert other petrol users. How to determine the prices? Based on news report, the Domestic Trade, Cooperatives and Consumerism minister, said the retail prices of RON95 and Diesel will be fixed according to managed float , similar to the mechanism dictating the RON97 petrol price. He added that there will be an announcement at the end of each month to set the following's month fuel prices, to be determined based on a monthly's average price. What's the rationale behind? Many observers see this as the beginning step for Government to start implementing the much debated " income-based fuel subsidies " which is based on salary of an individual. Anyway, how was it going to be im...

Did you ever notice that when you open a share trading account with a broker, they will usually ask you whether you  prefers  nominee or direct CDS account? For an ordinary investor, we might not really understand what are the differences and benefits that you can enjoy for both type s of CDS (Central Depository System) account. Well, this is the very basic step every share trading investors should find out first, before approaching a share broker. Equipping yourself with the relevant basic knowledge in order to avoid starting at the wrong footstep. Agree? T his article may   help you to understand the  differences between th ese two type of account. Please refer to below comparison table s: Account Opening Stage How about the Trading Fees? Generally, the charges are the same for both accounts. Whereby, the normal brokerage fee is 0.42% per transaction with minimum RM12 for online transaction or minimum RM40 for offline transaction. Meanwhile, the clearing fee i...