Bank Negara Malaysia has effectively reduced the OPR (Overnight Policy Rate ) by 25 basis points. This is around 0.25%. This would meant that Bank Negara in Malaysia would have to follow the OPR guidelines and to reduce their BR (Base Rate) by 0.25%. Literally all interest rates would have to be reduced with the […]
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Takaful Ikhlas Berhad together with Bank Rakyat introduce new protection schemes for Malaysians in line with the government’s proposal that the protection rate must be increased by 75% by 2020. The Takaful Amani Plus scheme has been introduced by the Bank Rakyat to provide customers with financial facilities in the event of a financial crisis […]
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Malaysia is known to be a very tax friendly country when compared to other countries with much higher tax rates. The income tax in Malaysia is still considered relatively low and many taxes that are currently found in other countries are not applicable in Malaysia. The highest bracket of income tax in Malaysia that was […]
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