Bank Negara Overnight Policy rate (OPR) being reduced to 2.50%, most of the banks adjusted the fixed deposit rate to 2.50% to 3.0%. However it seems that few of the foreign banks seems still have 3 percent interest, anyway you need to confirm with the bank whether the showed rate is not yet adjusted to reflect the changes of the OPR. Need to wait and see how big the reduction on the Islamic account dividend rate will be be.

Read the rest of this entry »

Popularity: 9% [?]

eFiling is an online system introduced by LHDN (Lembaga Hasil Dalam Negeri) that allows you to submit your income tax details online, which is an alternative to the usual manual form submission. eFiling was first introduced in 2003 and has since undergone a progressive improvement with a more robust system promised for this year. There have been some questions on the authenticity of the transaction and security loop holes have been discovered in the past but the HASIL folks are quick to address the issues and resolved them in timely manner. This year, the eFiling application is not only limited to Internet Explorer browsers like before; you can now also use other browsers like Firefox and Opera. The eFiling is also compatible with Windows Vista operating system.

Read the rest of this entry »

Popularity: 12% [?]

Are you looking for a convenient and flexible answer for your fluctuating day-to-day cashflow?

Besides asset financing, your business needs working capital for the day-to-day running of the business. Generally, the most convenient / flexible form of financing would be an Overdraft (OD) facility.

Read the rest of this entry »

Popularity: 10% [?]

In New York there is an enduring image of the darkest days of the Great Depression – jobless men so desperate for work that they roamed the streets as living billboards.

Now the unthinkable has become the harsh reality once more as America sufers an other deep recession. After nine fruitless months of looking for work one-man that desperate time required desperate measures.

Read the rest of this entry »

Popularity: 11% [?]

Do you know the difference between a business plan and a business proposal? These are two very different business documents, each serving a distinct purpose. Be sure you’re using the correct type of document to get the results you want.

Business Plans

A Business Plan is a document that describes in detail how your business is set up. Business plans cover your business structure, your products and services, your market research and marketing strategy, and your complete budget and financial projections for up to five years. Both startups and existing businesses require business plans. Developing these documents requires a lot of research and number-crunching.

You need a business plan for two primary reasons. First, spending the time to do this work clarifies your thinking, provides you with information previously not considered, and gives you a workable strategy to follow for the period covered by the plan. Your business plan is your blueprint to success — it outlines the steps to move from business idea to business success. And if your research reveals that your idea isn’t destined for success, then better to know it now then a year from now when you have lost thousands of dollars. You can spend your time planning another idea that could have a better future.

Read the rest of this entry »

Popularity: 2% [?]