Category Archives: News & Announcement

Friendless Budget 2009

Budget 2009

Budget 2009 is to focus on helping people cope difficulties caused by high fuel price and food price. But for me this is a budget tailored for civil servants only.

As you known, for those who are smoker always will not be good news when new announcement is made. It is increased by 3 cent from 15 cent per stick to 18 cent per stick. For a 20-stick pack of cigarettes is now increased by 60 cent. It’s nothing special actually because smoker, gaming related industry already prone to tax. It’s meant to discourage people from these activities.

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BNM Rounding Mechanism

As you known, the rounding mechanism had started since 1st of April 08. However, i still have some question that needs to bring out for discussion here.

BNM New Mechanism

The rounding mechanism is to rounding up or down to the nearest 5 cent. Recently, I have paid my insurance premium about MYR 2576.64 but after rounded up I should pay MYR 2576.65. But if total bill is like MYR xx.61 then only pay MYR xx.60. May I know is it good news for a payer or not??

Why Need To Implement Such Kind of Rounding Mechanism ?

Based on my understanding, the system was implemented because the government intended to stop the production of the 1 cent coin since large amount of 1 cent coin unused in our circulation and the cost of producing 1 cent cost is more than 1 cent.

Don’t Be So Calculative In Certain Situation

If the marketer is smart enough, then every item he will put 0.98 to 0.99 cent, we are going to suffer with that unlesss you buy 3x 0.99 item, let it become 2.97, then you will save from that calculation.

On the other hand, I may feel that this will benefit to all marketer because the more user spend the more user can save! Hence, if can, try don’t buy unnecessary thing just because of want to save 1 cent or 2 cent.

How to Pay Less When Go For Filling Your Fuel ?

You can fill your fuel with MYR 50.01 or MYR 50.02. If using credit card, you will be charged the actual amount.

Mobile Wallet Another New Trend In Malaysia !!


I’m sure lots of people have heard about Mobile Money, which is card less credit card, right? But have you heard about Mobile Wallet. Yes!!! It’s another new kind of trend that you can use Phone as a Wallet and no need carry so much cash together. You just SMS when doing any transaction and money will deduct from there. It is approved by BNM at the same time.



I don’t know the background of the company. Even they are approved by BNM on the project but that does not mean that the BNM knows what they are doing. Initially the company might propose up the plan and approved by the BNM on the Mobile Wallet project. The company may use this approval and draws up another strategy plan to run MLM.

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New RM50 Note

I received an email from my friend showing me pictures of the new Ringgit Malaysia 50 note. I believe the size will be smaller than the current one with more security features.


152mm X 76mm

The back design shows the Stadium Utama Bukit Jalil in the centre. The logo of Kuala Lumpur 98-XVI Commonwealth Games appears on the left of the note.