Recently, IRB wrongly sent many CP 500 notices to taxpayers which lead to confusion. In the notice, taxpayers were asked to make instalment payment to IRB. The notice states the amount, due date and number of instalments the taxpayer have to pay.
If you are one of the average taxpayers (including me) that never heard of CP 500 and yet received this notices, then read more to find out what is it.
Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) , the country’s only cooperative bank announce that they will considering lifting a five-year freeze on accepting new members as part of plans to raise RM500 million in extra capital.
However, the priority will be given to the existing members to increase their investment in Bank Rakyat. Bank Rakyat will seek shareholders approval for the capital increase at its annual general meeting in April 2010. For those who eagerly waiting for this opportunity, please remember this date.
On the 11th February 2010, Bank Negara issue a statement that those who have faded or discoloured banknotes can exchange them at Bank Negara or its branches throughout the country.
Earlier, an engineer in Petaling Jaya reported that the print had disappeared from 4 of his new RM50 notes which he had mistakenly left in his washing machine along with his laundry.
Foreign exchange reserves are the foreign currency deposits that held by central banks and monetary authorities. In Malaysia it is also known as International Reserves. It comprices of Foreign Currency, IMF Reserve Position, SDRs, Gold and Other Reserve Assets.
As of 29th January 2010, International Reserves for Malaysia is at USD97 billion (MYR332.2) and Malaysia is at 16th position when compare with other nation. International Reserves data are released by Bank Negara Malaysia twice a month.
Below are the chart for Malaysian International Reserves since end of 1999. The chart will be updated regularly. You may bookmark this page instead of this post for easy access.
In conjunction with Chinese New Year celebration on the 14th and 15th February, HSBC have 3 promotions which hope to make your celebration more meaningfull. The promotion offer are ranging from 5X Reward Points until 10% Cash Rebate on Grocery and Petrol spending.
Promotions are only valid when you make spending with HSBC or HSBC Amanah Credit Cards. All the promotions will end on the 28th February 2010.
Below are the details regading the HSBC CNY Promotion