From the category archives:

Economy

20% drop in EPF dividend for 2008

March 17, 2009

Today EPF made the official announcement of the dividend payout for the year 2008 and it is only at 4.5%, versus the previous year’s dividend payout of 5.8%. This is a drop of 22% in dividend payout which is quite substantial.
It was reported that the returns for the year 2008 was in fact better than 2007, but due [...]

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Main points of the Mini Budget 2009 and the benefits to individuals

March 10, 2009

The much looked forward to Mini Budget 2009 has been just been released. Below are some of the main points of the Second Stimulus Package which I think will benefit people on an individual level. Note that this post does not provide the full Mini Budget 2009 information. I’m only picking out some of the [...]

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More gloom ahead for financial institutions – HSBC cuts jobs

March 2, 2009

With the recent market nervousness that’s been created by the news of AIG and Citigroup both needing urgent funds with one resorting to disposing valueable assets and the other on the verge of nationalisation, yet another news is cropping up from another financial institution.
This time, it is HSBC who needs to raise some $17 billion [...]

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I’m confused over what’s going up and what’s going down

February 26, 2009

Lately we’ve been bombarded with news almost every single day with prices of things going up and down. I find it all very ironic.
First, the banks lowered their charges on credit cards but the government felt that it was not low enough and urged the banks to reduce it further. Then came the announcement of [...]

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Lower interest rates to come

February 25, 2009

With the latest cut in Bank Negara’s overnight policy rate to 2% (read the news here) following the recent 75 basis point reduction, this certainly signals more challenging times to come in the local economy. The world’s nightmare of the global financial crisis is far from over and I personally think Malaysia is now beginning to [...]

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