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Economy 101

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

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

Personal Finance Money Economy Budget

In a nutshell, 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 (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 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

is not a full member of . 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

Cryptocurrency Money Cash Investment Economy

is defined as a digital or virtual form of that employs cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks that utilize . This revolutionary technological framework enables secure, transparent, and efficient transactions over a peer-to-peer network without the need for intermediaries such as 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 are among the top destinations for Indian migrants. This vibrant community contributes significantly to the workforce and cultural diversity, reflecting ‘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

, the world’s largest 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 and platforms, having acquired companies like Merrill Lynch Investment Management and Barclays 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

is a common phenomenon in many countries, including which has the system for unclaimed refunds. It refers to funds left untouched or where the account has been left format without any transactions in various financial institutions, such as , insurance companies, and 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 , 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 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 My Second () programme, introduced in 2002 by the Malaysian , is a unique initiative that offers numerous benefits to both the country and its foreign . Image source: Possessed Photography on Unsplash

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Economy 101: Seriously, What Drives The Big Economy?

Hadi Awang PAS Taliban PN Islamic Economy

Despite one can dismiss this as another dumb statement from the leader where he openly says that the liberalisation of the capitalist-based & not an Islamic one is the root of the suffering of the people, the question is what makes or breaks the economy of the country like how it did in Venezuela? Image source: Malaysiakini/Twitter

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Budget 2023: Why We Are Not Addressing Financial Leakages & Wastages?

National Budget Malaysia Economy Deficit

always had a deficit national where The had always spent more than what it can collect except for the so-called golden years between 1993 to 1997 when the budget recorded a surplus and also low deficit budgets in between. Image source: Trading Economics.

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Budgeting 101: Easy Project – Replacing Dead Air Conditioner Electrical Switch

Electrical Diagram

When there is a fault in the systems in the house, it pays greatly to have some background knowledge on using the right tools and what the different colours of the electrical cables mean. Thankfully the electrical semantics at is not so completed when it comes to changing the bulb or adding electrical appliances to an existing setup. Image source: Flickr.

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