21 May 2017

The Cost of Living Battle: Kuala Lumpur vs Johor

Johor Bahru was once listed as one of the top ten most affordable cities in Asia to work in by the Nomad List in 2016, though it has recently been ranked much lower at 55th position. Though we aren’t sure of the reason behind this significant fall, one thing is for sure: inflation is beating Malaysians at its best this year.


If you have been wondering about the difference in the cost of living in Johor and Kuala Lumpur, you should take a look at the in-depth analysis of components to compare the cost of living between both cities (based on findings by Numbeo) below.

The Cost of Living in Kuala Lumpur vs. Johor Bahru

29 April 2017

Car Insurance is NOT the same starting July 2017... Good or Bad ???

From July 1 onwards, the premium rates for motor comprehensive insurance will be liberalized where premium pricing will be determined by respective insurers and takaful operators. In summary, it's based on flexible pricing mechanism.


The aim of the liberalization was to gradually move the tariff towards pricing that was more equitable to take into account broader risk factors and reduce cross-subsidisation across business classes and risk groups.


Current Calculation of Premium
=

Sum assured based on model of vehicle


+ Loading such as driver's age (if any)
+ Additional Benefits (etc. windscreen, flood...)
- No Claim Discount (NCD) of up to 55%


What are the factors included in determining the premium?


28 April 2017

How to Identify it is a Money Game actually ??? Here are 6 of them...


Dubbed as the 'money game country' currently, Malaysia is famous again for the wrong reason. Why these kinds of money game schemes lingering around in Malaysia and attracted so many people to join? And, do we really know how to identify a so-called 'investment scheme' was actually a money game?



Why Malaysia ???

01 April 2017

RM1,000 PRS Youth Incentive (Enhanced version)... It's not April Fool !!!

Although today is April fool, we at Finance Malaysia here talking about this seriously REAL info which is too good to be true. Once again, it's true and let's read on. First, you must understand what is Private Retirement Scheme (PRS) here and then our previous post on PRS Youth Incentive. (Old version)




Enhanced Version with 100% *Guaranteed Return???

08 March 2017

2016 Personal Income Tax Relief... Figure out first before e-filing !!!

It's income tax season now, you can perform your e-filing or m-filing for YA2016. No worry. Finance Malaysia is here with you during these difficult times :)




Below shows the complete list of tax relief for your reference:

03 March 2017

JJPTR is a Scam??? (March 2017)

Requested by many of our readers and followers to write about this very popular JJPTR things, we finally put our pen down on it today due to the latest hoo-ha initiated by Bank Negara Malaysia's latest alert list. No doubt, JJPTR was listed on the alert list for public reference. Why?


Let's first understand a bit on the so-called "investment scheme". All investors are concerned about two things only - return and safety. Okay. We zoom into these two things specifically.
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