Maybank is having a new financing facility called AHB Financing-i. It provides financing for the purchase of Amanah Hartanah Bumiputera (AHB) unit trusts. It is an Islamic loan based on the Shariah principles of Bai’ ‘Inah (sale with immediate repurchase).

Below are the details on AHB Financing-i,

Eligibility

  • Individuals age 18 years up to 59 years old
  • Malaysian Residents
  • Bumiputera

Read more →



Century Software Holdings Bhd (CSHB), a company specialized in financial management software solutions (FMSS), is schedule to be listed in Main Market on 31st January 2011. The company, was established on 8th August 2008.

CSHB’s IPO consists of a public issue of 23 million or new ordinary shares and an offer-for-sale of 10.9 million vendor shares at an IPO price of RM0.93 per share with RM0.10 par value.

Of the public issue of 23 million new shares, 8.55 million shares are for private placement to selected investors, 5.8 million shares for eligible directors, employees and business associates and 8.65 million shares for the public via balloting process.

Read more →



PIDM

With effective from 31st December 2010, deposit insurance limit will be increased to RM250,000 from RM60,000 per depositor per bank. The new limit come into force after it was approved by Dewan Rakyat and Dewan Negara recently.

The new limit will protect 99% of retail depositors in full. In addition, the new bills will also includes foreign currency deposits under the deposit insurance protection.

The enhanced financial consumer protection package included the expansion of Perbadanan Insurans Deposit Malaysia (PIDM) mandate to include the administration of the Takaful and Insurance Benefits Protection System (TIPS).

Read more →


Are you looking for your current No-Claim Discount (NCD) status for renewing car insurance? If you do, you are at he right place. I am going to show on how to get it online for free. No more unnecessary headache to obtain the status.

You can obtain No-Claim Discount (NCD) status for free in 3 easy steps as below,

Read more →


Feed-in-tariff (FiT) mechanism under the Renewable Energy (RE) Act which is expected to be implemented middle of this year will enable individuals to earn income by selling electricity generated from renewable resources at home.

The FiT system has, proven to be an effective and efficient mechanism to encourage the development of sustainable markets for RE around the world and Malaysia is heading to the same direction.

Under the RE Act, the public will be able to sell electricity generated from RE to utility companies such as Tenaga Nasional Bhd (TNB) and Sarawak Energy Bhd at a fixed rate for a specific period.

Consumers can install solar panel or photovoltaic system at home and it would be a secondary income for them.

These are the summary about the program,

Read more →