All Articles

A broadband call to arms

Posted June 25, 2009 - 5:25pm by RS Ringgitsavers
Broadband Internet access is becoming so vital to the economy of a nation that it is now widely accepted as essential as water and electricity. In a short time, there is already a worldwide consensus among political, economic and technology experts that it is now the turn of broadband to become the utility of the first half of the 21st century.
 
Prime Minister Datuk Seri Najib Razak is already a keen supporter of broadband development, saying that high-speed broadband (HSBB) is a key national infrastructure initiative which will allow Malaysia to enhance its economic competitiveness in the region, help attract foreign direct investment as well as accelerate the nation’s information and communications technology (ICT) and high-tech aspirations and agenda through an enhanced knowledge capital workforce. 

Affluent Malaysians say family reason for building wealth

Posted June 25, 2009 - 5:15pm by RS Ringgitsavers
 
According to the new HSBC Affluent Asian Tracker survey conducted by Nielsen for HSBC Group, 70% of respondents in Malaysia agree that the desire to provide family with a comfortable life is the key driver to growing wealth.
 
The HSBC Affluent Asian Tracker was conducted across more than 1,500 affluent individuals aged 30-55 in the top 10% of the population in seven key markets - Australia, India, Japan, mainland China, Malaysia, Singapore and Taiwan. The online survey was conducted from April to May 2009 where 213 affluent Malaysians, with monthly income of RM5,000 and above and total liquid assets of about RM200,000 and more, took part. In all markets surveyed, the top motivator for wealth growth is to provide a comfortable life for the family – except in Australia, where supporting retirement is the top goal.
 

Tips on how investors could build a large portfolio

Posted June 18, 2009 - 5:57pm by RS Ringgitsavers
 
Personal Investment - A column by Ooi Kok Hwa
  
OWING TO the global economic downturn, some investors may have to put aside their aim of wealth accumulation lately. For now, wealth accumulation seems to be far away given their current low salary level, worsened by lower bonuses received or no salary increment. As a result of the uncertainty arising from salary reduction or getting retrenched, some may even need to tap into their savings to survive through this period of difficulty.

Mobile phone companies, please listen to your customers

Posted May 29, 2009 - 11:22pm by RS Ringgitsavers
Players should check model, take user complaints seriously
RING tones and mobile music were top revenue earners for cellular companies (celcos) last year, raking in US$6.2bil and accounted for 21.4% of mobile content revenues in the Asia Pacific region. Demand for these two products will likely continue to rise over the next five years. The demand for mobile entertainment content, as Frost & Sullivan put it, is driven by the need for people to personalise and accessorise. The old-fashioned “ring-ring” tone is no longer in vogue but Lady Gaga’s Poker Face is.

 

Different interest rates for different customers

Posted May 29, 2009 - 11:12pm by RS Ringgitsavers
Plain Speaking - A Column by Yap Leng Kuen
Under new system, rates may be set based on portfolios of loans and creditworthiness
CONSUMERS may not be getting flat rates on their loans once a new pricing approach called risk-based pricing takes place. Under this new system, different interest rates may be set not just based on different portfolios of loans but also different types of customers.
 

Takaful Penetration To Grow To 12 Pct By 2012

Posted April 28, 2009 - 2:37am by RS Ringgitsavers

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KUALA LUMPUR, April 27 (Bernama) -- The Government's move to allow greater tie-up among local insurance and takaful operators with foreign partners would help to increase the takaful industry penetration, an industry player said.

Takaful Ikhlas Sdn Bhd president and chief executive officer, Syed Moheeb Syed Kamarulzaman, said with the liberalisation he expected the takaful industry penetration to grow to 12 percent by 2012, from about seven percent of the local insurance market currently.

All 980m ASW 2020 units for non-bumis taken up

Posted April 28, 2009 - 2:27am by RS Ringgitsavers

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JOHOR BAHRU: All the 980 million Amanah Saham Wawasan 2020 (ASW 2020) units for non-bumiputeras, from the total two billion units allocated under the fund, were fully taken up by 11.50am on April 27.

The ASW 2020 units went on sale at 8am on April 27 at Amanah Saham Nasional Bhd (ASNB) offices and Pos Malaysia offices nationwide, and at 9.15am at ASNB agents Maybank, CIMB Bank and RHB Bank.

The latest ASW 2020 offer was based on a quota of 51% for bumiputeras and 49% for non-bumiputeras.

Paperless bank accounts for the net-savvy

Posted April 28, 2009 - 2:22am by RS Ringgitsavers

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Perform all banking transactions online and prefer statements to be delivered electronically? Two banks launched online savings account in early April - United Overseas Bank (M) Bhd and CIMB Bank Bhd.

ASM, ASW offer investors consistency

Posted April 28, 2009 - 2:18am by RS Ringgitsavers

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Investors who desire principal protection can look to the additional units of Amanah Saham Malaysia(ASM) and Amanah Saham Wawasan 2020(ASW) to be offered by Perbadanan Nasional Bhd. An additional 3.33 billion of ASM units will be available for subscription tomorrow (April 21) while two billion units of Amanah Saham Wawasan 2020 will be available from April 27.

Be wise in choosing the right kind of loans!

Posted April 27, 2009 - 11:47pm by RS Ringgitsavers

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Do’s and Don’t of Credit Card Management

Posted April 27, 2009 - 11:44pm by RS Ringgitsavers

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Most of us aren’t born knowing how to use credit cards. Still, it’s important to learn the rules of the credit card game – preferably before you start playing. These do’s and don’ts of credit card usage encourage healthy spending habits for new and experienced credit card users alike.