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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: 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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National Security 101: India & Malaysia – Capitalising Each Others Unique Advantages

Taj Mahal India Malaysia

India and Malaysia have rich and diverse cultures, histories, and economies. They both have achieved remarkable progress and faced various challenges in their development. By acknowledging their strengths and learning from each other, they can foster a mutually beneficial partnership that enhances their growth and prosperity. Image source: Julian Yu on Unsplash

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Economy 101: What Is The Rationale Of 51% Share Give Away In Private Companies?

Ala Vaikunthapurramuloo Telugu Share

In the 2020 Telugu movie Ala Vaikunthapurramuloo, the goons will try to force an innocent businessman to sell 50% of his profitable company shares through threats and even attempted murder. A similar plot has been the crux of the story in many Tamil, Telugu and Hindi movies in the past but only in Malaysia, there is the rule to force private companies to sell their shares and lose a controlling stake in their own companies. Image source: Twitter

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Customer Service 101: KFC, Please Buck Up Your First Level Customer Service!

Customer Service Fast Food KFC

What constitutes good customer service? According to this website, there are 8 rules that need to adhere to if a business wants to provide good customer service with the very first rule being to answer your phone. Infographic source: The Balance

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Technology 101: The Headache of Having Multiple e-Wallet Apps

e-wallet credit card banking bank online financial

In today’s world, one cannot escape from performing financial transactions through the internet, e-wallets or pre-paid cards. We have become a cashless society considering the high risk of carrying cash around and the ease of performing financial transactions using online and e-wallet apps. Photo by Andrea Piacquadio from Pexels

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Economy 101: Best of Ferengi’s Rules of Acquisition

ferengi rules of acquisition economy business

Before I started watching Star Trek Deep Space Nine over Netflix, the Ferengi must have been one of the ugliest, most snobbish and profit-minded alien race in the Star Trek universe. But then watching Quark in Star Trek Deep Space Nine gave another interesting perspective on the Ferengis. Image source: Star Trek.com

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Kingdom of Cambodia 2020: Part 1, Hurdling Tough And Strict Red Tapes

Royal Palace Cambodia Phnom Penh Travel

They say the show must go on and so it is when it comes to work  – this time is the work overseas assignment in Cambodia which is also known as the Kingdom of Wonders. This would be probably my 10th trip to the country. Image of The Royal Palace in Cambodia, Phnom Penh, source: All Free Photos

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Regulation on Businesses: Don’t Make Things Difficult Part 1

ehailing regulations

New regulations and identifying area of improvement between e hailing and taxi companies in this country are part and parcel of the Government policies to provide a fair grounds for both segment to strive and to ensure service to the general public is not compromised. Image source: Malaysiakini

In 1981, the Malaysia Incorporated Policy was introduced to encourage the close cooperation between the public and private sectors whereby both sectors act and operate within a “Malaysian Company”.

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BMF: Boycott This Instead!

Read These First:-

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(A notice is posted at a retail outlet in Seoul on July 12, 2019, stating that it is neither selling nor buying Japanese products. A boycott campaign of Japanese goods is spreading in response to Japan’s recent curbs on exports of key chemicals to South Korean semiconductor and display manufacturers. Image Source: Yonhap News Agency)

In recent days, this has been a hot topic on the news – there has been a campaign for Muslims to boycott products made by non Muslims (it has mellowed down to Buy Muslim Products First).

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Governance 101: Whack The Wrongdoers Hard, Please!

governance

(Here lies the problem with governance – some people have no sense of responsibility whatsoever just because they are spending money that does not belong to them and they know that if they can waste the taxpayer’s money without any care or prudence, they will not be punished even if it was reported by the Auditor General. Image source: http://tarpon.wordpress.com)

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