Finances

Hope this is not too late. With all the impending increases of various prices, we all in Malaysia already feeling the pinch of rising cost of living. The good news is there is a fresh year coming, while the bad news is the situation was expected to persist until mid-2016, at least. Hope some of the financial tips listed in this article may help you a bit. 2015 is coming to an end this Thursday and before we enter into 2016, here are few of the items that you may don't want to missed out. Either it may help you to saved some money, or give you some bargain that you may have overlooked. BR1M 2016 The registration already open since 5th Dec 2015 and it will be closed on 31st Dec 2015. Although the amount is not significant enough to offset the rising cost of living, it does help a little for those who qualified. Click here for more info. MPSJ Compound Promotion For those living in this vicinity, Subang Jaya council has given yet another promotion for offenders to settle their compound

Everyone are anxiously waiting for the outcome of Federal Reserve of US (FED) tonight. If the rate was really raised, it will be the turning point of the interest rate direction. Should FED make the decision to hike it, is it good or bad for the global economy? And most importantly, how is it going to impact Malaysia? It's not news anymore since we're talking about this FED rate hike issue one and half year ago. But, the fact is, it does really has a great impact to the world economy, and Malaysia cannot spare from it either. Generally, below is the 3 possible outcome of 16th Dec 2015 and the possible reactions of global markets: Unchanged Although this is unlikely this round, yet FED still has the chance to remained unchanged and keep it for the next round. While most of us already factored in the effect of raising interest rate, this outcome would make the whole global markets to react positively (although it maybe short lived until the next FED meeting). Merry Xmas and happ

Since the first PRS fund was launched in year 2012, many Malaysian already invested in it because of the PRS Tax Relief and PRS Youth Incentive given by the government. After awhile, many of us started to compare different funds from different PRS providers. It's very normal. So, the information below may helps you. First, there are still 8 approved PRS providers in the market. But, number of funds already increased to a total of 50 PRS funds for us to choose from. CIMB-Principal has the most number of funds with 10, while RHB has the least at 3 only. Please refer to below picture. Can I transfer from one provider to another? Answer is YES . This is a stark different if comparing to normal unit trust investment, whereby investors cannot simply change company. In unit trust investment, an investors wish to change company must redeem and buy again. Coupled with higher sales charge imposed by unit trust investment, investors will be at the losing end. However, with the forming of