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Bank in Chinese
13 November 2008, 4:53 am

Just thought of sharing this interesting financial phrase from the Chinese vocabulary- “Bank”. In Chinese, it’s pronounced yin2 hang2. The ideogram is as follow: It literally means the movement (hang2) of silver (yin2). This is not to be […]

Malaysia Downgraded to “Stable”
11 November 2008, 1:43 am

International ratings agency Fitch downgraded Malaysia from “Positive” to “Stable”, citing the impact of lower oil & commodities prices, and deteriorating demand on electronic exports. I got a feeling that it could also be due […]

Same Shit Different Names
10 November 2008, 8:38 pm

Maybank calls it “TAC” (Transaction Authorisation Code). Public Bank calls it “PAC” (PBeBank Authentication Code). Standard Chartered calls it “OTP” (One Time Pin). I call it “SBT“, short for Stupid Banking […]

Member’s KWSP Contribution Automatically Slashed
9 November 2008, 2:47 pm

Now…this is really getting up my nerves: Your KWSP contributions will be AUTOMATICALLY adjusted to the new OPTIONAL 8% rate, regardless of whether you opted for it or not! Lower EPF Employees’ Contribution Rate Starting January 2009 Wage Membe […]

KWSP Members Can Contribute 3% Lesser
6 November 2008, 2:49 am

KUALA LUMPUR: The government has allowed a lower monthly contribution by employees towards their Employees Provident Fund (EPF) account in an effort to boost disposable income among the working group. Finance Minister Datuk Seri Najib Razak said yesterday […]

A New America
5 November 2008, 2:06 pm

A truly inspiring speech. The following is a video of the speech from CBS (with a few seconds of ads at the beginning of the video)… Watch CBS Videos Online […]