AMEX is currently going on promotion where card holders will enjoy 15% cash back at all American Express Card accepting merchants in the selected malls, with an exception to the supermarkets, hypermarkets, hotels and their F&B and retail outlets within the mall.
Promotion is valid from 1 November 2009 to 28 February 2010. All American Express Cards issued by Maybank and Maybank Islamic are eligible to enjoy this promotion. However American Express Corporate Cards are not eligible. SMS or registration is not required.
[continue reading…]
Public-listed companies will be required to provide an e-dividend payment system to shareholders by the third quarter of next year.
Investors will be given a one-year grace period to provide their bank account number to Bursa Malaysia Depository to enable the dividend payments to be credited directly into their bank account.
Stockbroking companies, meanwhile, will by mid-2010 be required to provide e-share payment options for clients to receive and make payments on their share transactions.
[continue reading…]
As announce earlier on the policy changes, finally Paypal user from Malaysia is able to withdraw their Paypal fund to their Malaysian bank account. This is indeed the most wanted feature dream by them.
Paypal withdrawal to Malaysian bank account will be completely free of charge if the withdrawal amount is equal or above RM400.00 but there will be a nominal fee of RM3.00 if the withdrawal amount is less than RM400.00. The withdrawal will take 2 to 3 business days to be reflected in the bank account. I expect that Paypal is utilizing MEPS network for the fund transfer.
If your Paypal fund is in other currency other than Malaysian Ringgit, Paypal will automatically convert it for you with 2.5 percent exchange fee.
[continue reading…]
Following from the budget announcement form Prime Minister last week, a lot of confusion regarding the Real Property Gain Tax. Is it 5% flat or depending on the year of selling?
Malaysian Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah clarified that the Real Property Gains Tax, effective January 1 next year, is fixed at 5 per cent, irrespective of the property disposal year.
This rate of 5 per cent will be implemented through the Real Property Gains Tax (Exemption) Order 2009. This Order will be gazetted as soon as possible and is effective January 1, 2010.
[continue reading…]
On 23rd October 2009, Prime Minister Datuk Seri Najib Tun Razak has tabled Budget 2010 with the theme “1Malaysia, Together We Prosper”.
These are the main highlights that interest me in the area of Personal Finance
- 5% property gain tax will be imposed on gains from the disposal of real property from Jan 1, 2010. Existing tax exemption will be retained for gifts between parent-child, husband-wife, grandparent-grandchild.
- A service charge of RM50 a year to be imposed on each principal credit card and charge card and RM25 a year on each supplementary card including those with free for life effective from Jan 1, 2010.
[continue reading…]
