A new currency series of Malaysian banknotes, themed “Distinctively Malaysia”, had been introduced by Malaysia Prime Minister Datuk Seri Najib Tun Razak on yesterday, 21st DEC 2011. The new fourth series banknotes will be launched in five denominations with a new look, which are RM1, RM5, RM10, RM100 and the re-introduction of RM20 note which last being issued in 1982. Bank Negara Malaysia had earlier this year launched a new series of coins, which will go into circulation in JAN 2012.
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In a bid to promote financial awareness among Malaysian youth, one of the local leading retail financial services group Prudential Assurance Malaysia has partnered with local indie band Busco to launch a music video contest – R U Ready. The contest encourages Malaysian aged 18 and above to upload either pictures or videos that best represents what is going on in their lives on the official Facebook page. Prudential intend to help educate the younger generation and guide them to a bright financial future through this contest.
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Few days ago, Bank Negara Malaysia (BNM) announced the new Third Series of Malaysian coins in denominations of 5 cent, 10 cent, 20 cent and 50 cent will be in circulation starting 1st JAN 2012 while the old coins will be gradually phased out. The new coins are legal tender and will co-circulate with the existing series for a few years before the old coins are eventually phased out. This series of new coins are smaller and lighter, themed after the nature, flora and traditional handicraft which comes in yellow and silver colour with the edge designs enable the public and also the visually-impaired to identify and distinguish the different denominations.
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Looking for ways to expand your wealth with your hard earned money? You may now enjoy one of the highest Step Up Fixed Deposit rates in the market. Standard Chartered Bank Malaysia is now offering Step Up Fixed Deposit rates up to 10.28% per annum for 6 months by investing in selected Wealth Management products. This promotion will run from 1st JUN 2011 to 30th JUN 2011 and is open to all existing and new customers of Standard Chartered Bank Malaysia, with terms and conditions apply.
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Forbes has compiled a list of latest ranking for the World’s Billionaires earlier this month and this 25th year of tracking global wealth breaks two records: 1,210 listees in total and achieve a combined wealth of US$4.5 trillion. Mexico’s Carlos Slim Helu stays still on top of the list this year by added US$20.5 billion to his fortune, more than any other billionaire. The telecom mogul, who gets 62% of his fortune from America Movil, is now worth US$74 billion and has pulled far ahead of his two closest rivals: Bill Gates at second place and Warren Buffett at third, both added a more modest US$3 billion to their piles and are now worth us$56 billion and us$50 billion respectively.
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Last week Forbes had released their latest edition of Malaysia’s 40 Richest. Robert Kuok and Ananda Krishnan stay still at top two spots with the net worth of US$12.5 billion and US$9.5 billion respectively. Overall Malaysia’s economy grew 7.2% last year, which recorded as the highest rate since 2000. The fortunes of the country’s 40 richest have kept rising too, which worth a collective US$62.1 billion, US$11.1 billion more than previous year.
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Based on Bank Negara Malaysia (BNM) statement, the international reserves of BNM as at 31st DEC 2009 amounted to RM331.3 billion (equivalent to USD96.7 billion). Compared to 15th DEC 2009, the international reserves had declined RM3.8 billion but in term of USD it had increased USD0.5 billion. This indicates the strengthening of RM against USD.
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Since its inception in 2005, iProperty Expo will enter its 11th series tomorrow! The expo is an event that brings together the world’s finest luxury and investment properties showcase for the most discerning home buyers and investors. There will have a 50 percent increase in booth investments from exhibitors in the upcoming event, compared to the last one held in FEB 2009. You will see more developers coming in to participate, with top players like SP Setia, Mah Sing, Sime Darby, IJM and more.
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Do you still remember the new RM50 for principal credit card or charge card and RM25 for supplementary card service tax announced by Malaysia Prime Minister Datuk Seri Najib Tun Razak when he unveiled Budget 2010 in OCT 2009? Now you may get some clarification from Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah regarding the credit or charge card RM50 service tax issue.
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