Malaysia Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

How To Have Credit Repair Success?

Almost everyone is facing with credit problem in his or her life. Unless you were born into a wealthy family, else it is unlikely for you to get through life without having credit issues.

For those who own multiple credit cards, there is the higher possibility for them to have bad credit. Do you know how can i fix my credit? First, you must know how to manage your credit cards in proper manner in order for you to have good results. Not all credit cards will benefit your credit repair. So, you should be aware of some credit cards that can bring harmful to your progress. My advice is: You can try to study the DSI Solutions which provide you the simple and easy way to handle your credit.

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Malaysia Petrol Price Will Rise 15 cents per liter

Malaysia government will cut the subsidy budget and will increase the petrol price by 15 cents from the current price (RM1.80 per liter) for RON95. Not only that, our petrol price will hike in schedule. These are our forecast petrol price in between 2011-2015.

* Current 2010 petrol price - RM1.80 per liter for RON95
* 3rd quarter of 2010 petrol price hike - RM1.95 per liter
* 2011 petrol price - RM2.16/liter
* 2012 petrol price - RM2.20/liter
* 2013 petrol price - RM2.34/liter
* 2014 petrol price - RM2.52/liter
* 2015 petrol price - RM2.60/liter

So, basically, these are just the proposed hikes for RON95 only. RON97 was not mentioned at all. Once petrol price hike, everything will be more and more expensive. Manufacturing company & transportation will take this advantage to increase the price. Boss don’t want to increase the salary, end up workers suffer the most. People with higher salary can pay for this price hike but for that lower income group, they will definitely feel the pinch.

My Point of View on Petrol Price Hike

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Sukuk 1Malaysia 2010 Guaranteed 5% Return per Year

After receiving a good response from Sukuk Simpanan Rakyat last year, our government will issue a new RM3bil worth of Sukuk 1Malaysia 2010. You better make a quick decision, as the previous Sukuk Simpanan Rakyat were fully subscribed within 9 days.

The Sukuk 1Malaysia 2010 will be issued on 21st June 2010. It has offer a guaranteed return of 5% per year and have maturity of 3 years period. However, you can sell and buy, either fully or partially before the maturity date as it has the flexibility.

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Malaysia Latest Base Lending Rate (BLR)

Effective from 18th May 2010, the latest Base Lending Rate (BLR) for most banks in Malaysia will be at 6.05% per annum. Therefore, the BLR increased another 2.5% from 5.80% previously. This adjustment is made based on Bank Negara announcement to raise the overnight policy rate (OPR) by 25 points on 13th May 2010!

For me, Malaysia has a very high base lending rate, but this also means that our interest earned on fixed deposits is also quite high. From positive point of view, the BLR increase is a sign that our economy is recovering. However, I can feel that the core parts of Malaysia still very bad as unemployment, low salaries are some of the major issues facing by Malaysians nowadays.

So, with the latest increase of BLR in Malaysia, for sure it will further hurt Malaysians who is going to get new home.

These are the local and foreign banks latest BLR rate in our country:

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Prudential PruSaver Plan

Prudential is always able to innovate and offer you relevant products. They will offer you a wide range of life insurance and investment-linked products to meet the customer needs from time to time. And I can see their effort in continuing to enhance existing offerings and explore new ones to suit customer requirements.

My insurance agent recommended me to put money in Prudential PruSaver account instead of bank’s FD since year 2006. For me, it will be more on savings plan. If you prefer to save instead of invest, you can consider this plan. However, I have made wrong decision as I quit this plan during recession time. If not, I will have great amount of units available now. I have reconsidered to continue this plan, which put RM200 as monthly savings.

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Fundsupermart.com - New Way of Investing in Unit Trust

Online shopping has become a trend since many years ago. I personally prefer to do online shopping due to it’s easier to compare prices of different products online, which will help you to save more money.

Fundsupermart is one of Asia’s online Unit Trust distributors. It acts as a one-stop solution for internet-savvy investors. Holdings can be consolidated under one roof. Visitors to the site possess different levels of financial and technical knowledge and seek a variety of information. Furthermore, they have funds that cover major markets and sectors from as many as 13 Top Fund Houses.

As an online distributor, their system processes trade orders automatically, and will only require the short transaction time. They also put higher priority on responding to user queries in a timely manner. As I known, Fundsupermart is acting as a middleman. I-Fast is a Singapore-based financial adviser platform and in Malaysia it is a partnership with OSK Investment Bank Berhad.

Now what I can said is Fundsupermart.com, has made its way into the Malaysian market but local consumers are yet to warm up to the concept of online funds compared to those in developed economies. In fact, Fundsupermat is celebrating its 10th year anniversary in Singapore as the largest online Unit Trust Distributor.

Why Fundsupermart.com Is Better Than Conventional Fund House?

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NameCheap Discount Coupon Code For May 2010

NameCheap just announced their May 2010 NameCheap coupon code. NameCheap Coupon Code for May 2010 is:

MOTHERSLOVE

This is great chance for you to giving your mother the gift as setting up a personal blog with a domain name ordered through NameCheap.com. Use this coupon code can let you save your cost from $9.69 to $8.81.

Till now I still very like NameCheap because each domain purchase comes with a free year of WhoisGuard. This service keeps your owner information private from people doing a whois search.