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Economy 101

Anything to do with economy, budget, taxpayers money and trade

Finance 101: The Power of Compound Interest For Wealth

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Compound interest is the process where interest earned on an initial amount of money (the principal) is added back to the principal, allowing future interest to be calculated on the growing total. Often described as “interest on interest,” it can significantly boost savings or investments over time, especially with higher rates or longer periods, due to its exponential growth effect. Photo by Pixabay

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Economy 101: The Legend of Warren Buffett & Wealth Creation

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A photo of President Barack Obama meeting with Warren Buffett, the Chairman of Berkshire Hathaway, in the Oval Office, July 18, 2011. Warren Buffett, born August 30, 1930, in Omaha, Nebraska, is widely regarded as one of the greatest investors of all time and with a net worth of approximately $140 billion as of 2025, he has pledged to give away 99% of his wealth through the Giving Pledge, primarily to the Bill & Melinda Gates Foundation. His disciplined, patient approach—emphasizing economic moats, intrinsic value, and long-term ownership—has delivered outsized returns, outpacing the S&P 500 for decades. Image source: White House/Wikipedia

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Economy 101: Understanding Global External Debt Management

External Debt Economy Money Global

Global external debt refers to the total amount of money that countries owe to foreign creditors. This financial liability can encompass debts to foreign governments, international organizations, or private foreign entities. It is a critical component of a country’s national account, reflecting its borrowing from external sources to fund various activities and developments. Image source: YouTube

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Economy 101: Top 9 Personal Finance Mistakes You’re Making Now

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In a nutshell, personal finance empowers you to take control of your financial life. It involves understanding your current financial situation, setting clear objectives, and implementing strategies for effectively managing your income, minimizing debt, growing your wealth through saving and investing, and protecting your assets against unforeseen circumstances. Ultimately, it’s about achieving financial freedom and peace of mind. Photo By: Kaboompics.com/Pexel

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Finance 101: Understanding Malaysia’s Employees Provident Fund (EPF): History, Withdrawal Options, and Key Differences

Employees Provident Fund EPF KWSP Economy Money

The mid-20th century, particularly the period following World War II, witnessed a significant surge in the establishment of comprehensive Employees Provident Fund (EPF) systems across the globe. Several key factors drove this. The devastation of the war underscored the need for stronger social safety nets, including provisions for retirement income. Governments, eager to rebuild their economies and foster social stability, recognized the importance of providing workers with financial security. Image source: NSTRead More »Finance 101: Understanding Malaysia’s Employees Provident Fund (EPF): History, Withdrawal Options, and Key Differences

Economy 101: BRICS: Strengths, Weaknesses, and Future Challenges

Economy BRICS Russia Malaysia Trade China India South Africa Brazil

Malaysia is not a full member of BRICS. On October 24, 2024, Malaysia was officially added to a group of 13 BRICS partner countries, giving it trade access with other partner countries within the bloc. This is in addition to the various economic pacts within ASEAN and ASEAN with other countries. Image source: Free Malaysia Today

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Economy 101: Cryptocurrency: Fueling a New Economic Paradigm

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Cryptocurrency is defined as a digital or virtual form of currency that employs cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks that utilize blockchain technology. This revolutionary technological framework enables secure, transparent, and efficient transactions over a peer-to-peer network without the need for intermediaries such as banks or payment processors. Photo by David McBeeRead More »Economy 101: Cryptocurrency: Fueling a New Economic Paradigm

Economy 101: The Indian Community in Malaysia & The Painful Challenges

Malaysian Indian

The Indian diaspora is the largest in the world, with the Ministry of External Affairs reporting a total of 35.4 million Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) living abroad as of May 2024. The United States, the United Arab Emirates, and Malaysia are among the top destinations for Indian migrants. This vibrant community contributes significantly to the global workforce and cultural diversity, reflecting India’s historical ties and its growing influence on the international stage. Image source: X / Govt of India

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Economy 101: BlackRock Investment Company – Critical Information

BlackRock Investment Shareholding Shares

BlackRock, the world’s largest investment manager, has a diverse portfolio that includes significant stakes in some of the largest companies globally. As of early 2024, their top equity holdings encompass leading tech firms such as Apple, Microsoft, Amazon, and Google. Additionally, it owns several investment management and technology platforms, having acquired companies like Merrill Lynch Investment Management and Barclays Global Investor to bolster its capabilities. Image source: Sumber Kini

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Money 101: eGUMIS System – Faster Reclaiming Unclaimed Money Process

Brunei Dollar Money Unclaimed eGumis

Unclaimed money is a common phenomenon in many countries, including Malaysia which has the eGUMIS system for unclaimed money refunds. It refers to funds left untouched or where the account has been left format without any transactions in various financial institutions, such as banks, insurance companies, and government agencies, for an extended period.

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Economy 101: The 10 Biggest Shipping Companies in the World

Suez Canal Shipping Trade Economy Container

Shipping plays a crucial role in the global economy, facilitating the movement of goods and connecting businesses across continents. In 2021, the biggest news in international trade was the incident of a large container ship getting stuck at the Suez Canal, disrupting shipping for 6 days. Image source: The New York Times

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Economy 101: MM2H Programme – The Good, Bad & the Ugly

MM2H Numbers

The Malaysia My Second Home (MM2H) programme, introduced in 2002 by the Malaysian government, is a unique initiative that offers numerous benefits to both the country and its foreign residents. Image source: Possessed Photography on Unsplash

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