Starting from 16th November 2009, Maybank launch a special campaign called Fixed Deposit Bonus 2. Individual who placed a Fixed Deposit during this campaign period will enjoy higher Fixed Deposit Rate then normal rate. This is the continuation to the first campaign launched last August.
On top of the higher rate, each deposit also will automatically qualify rewards and amazing prizes with Maybank Extra Rewards Deposit Campaign.
To participate in this promotion individual must be make a Fixed Deposit with minimum of RM25,000.00 at any Maybank Branch nationwide or through Maybank2U internet banking via eFixed Deposit. Under this promotion only Fixed Deposit with 7, 8 and 9 months are eligible.
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Starting from 3rd January 2010, Employees Provident Fund (EPF) will launch 1Malaysia Retirement Saving Scheme to help self-employed financially during their retirement age. This scheme was announced last October by the Prime Minister during the tabling of the 2010 Budget.
This Retirement Saving Scheme is designed to provide individuals without a fixed monthly income with a degree of financial security in their old age. The retirement scheme will be open to self-employed individuals such as farmers, fishermen and taxi drivers to petty traders and business owners.
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The rich oil exporters country, Saudi Arabia, Kuwait, Bahrain and Qatar, have agreed to launch a single currency which hope hope to displace the US Dollar as the pricing currency for oil. The four nations will launch the first phase next year by creating Gulf Monetary Council that will pave the way for a full-fledged regional central bank. The decision to launch the Council next year comes at a time when the dollar is struggling with its stature as the world’s currency.
The single currency dubbed ‘Gulfo’, inspired by Europe’s monetary union and widely regarded as a success across the Gulf states. With the introduction of single currency, it is expected to increase trade volume and financial integration, facilitate foreign direct investment, and create the right conditions for the development of the Gulf region into an optimum currency area.
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Gold is king, going by the strength of its price, which was trading above US$1,200 an ounce after getting a boost from Barrick Gold Corp’s move to eliminate its hedge positions against declines in gold prices. Barrick is the world’s biggest gold producer.
The company had sold forward its gold and as such, did not benefit from any increase the gold price. Barrick said its positive view on the gold price prompted it to accelerate the elimination of these contracts ahead of schedule.
Gold has risen close to 40% this year amidst US dollar weakness, central bank buying and investor interest in a low interest rate environment. The greenback has fallen 8.7% against a basket of six major currencies, while the US Federal Reserve has kept the federal funds rate at close to zero since December 2008.
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Online stock broking offer more benefit than the conventional ways of trading through phone calls. No more excution delay because of remiser not in the office or engage with other clients. The most important reason why online stock broking is attractive is due to low brokerage fees and also there are an option for mobile trading.
Because of too many stock brokers available, it become difficult to choose which one is suitable. The comparison table below may help for you to make decision.
This list is still not final as some of the info is not available at their respective website. Feedback from readers are appreciated in order to complete the comparison. Kindly leave your comments if you like to add or found there are errors in the comparison table.
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