The last account; Flexible Account allows the member to withdraw money from this account anytime. As long as there is money inside the account. This is the explanation. “Akaun Fleksibel is designed to meet members’ short-term financial needs. Savings in Akaun Fleksibel can be withdrawn by...
The Big Mac PPP is an informal measure of exchange rate valuation created by the Economist in 1986. It uses the price of a McDonald’s Big Mac as a benchmark to compare the purchasing power between different currencies. Source: investopedia.com There are limitations to using this as...
This was an article about petrol subsidy rationalisation. Why do people from other countries love our petrol? (click to read) As a taxpayer, I hate it when strangers from other countries are benefiting from our subsidy and the government is spending tax money on further...
The Singaporean government builds majority of all the new homes in Singapore every year. This is done via the Housing Development Board (HDB). In fact most Singaporeans would stay in a HDB unit because it’s the most affordable property they could afford. Beyond that, there...
I seriously hope that more people will understand and recognise all the potential scams. We need to make it much harder for the scammers to scam one of us. It’s our hard earned money and should not be lost to some scammer who does nothing...
Many people continue to tell me that renting is cheaper than buying. Their argument is very valid too. If they chose to buy, the price could be RM500,000 and they need to pay RM50,000 for downpayment too plus the monthly repayment is RM2,214 (image below)....
