Microsoft to invest USD2.2bil (RM10.5bil) in Malaysia --- it's single largest investment in this country

Good news right after Labour's Day!

Today, Microsoft announced it will invest US$2.2 billion (equivalent to RM10.5 billion) over the next 4 years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.

Great! What is this for?

MYEG Gonna Launch Virtual Asset Fund in Hong Kong?

Zetrix Foundation and MY E.G. Services Berhad (“MYEG”) signed a Memorandum of Understanding (MoU) with MaiCapital, a licensed virtual asset manager in Hong Kong, to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

The MoU focuses on a collaboration to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, which would consist of a basket of cryptocurrencies, such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

Who are in the "Policy Advisory Committee to the Prime Minister (PMAC)"?

Well, during Tun Mahathir's 2nd stint as our PM in 2018, he set up "council of elders" comprising 5 experts from various fields whom will serve as advisors to the then government in order to rectify the then 'troubled' economic problems of the country. (Read here: Knowing the 5 'Avengers' of “Council of Elders” by Tun Mahathir)

Now, our PMX DS Anwar Ibrahim are doing the same by setting up the Policy Advisory Committee to the Prime Minister (PMAC) comprising 4 experts, and it was headed by one of the expert from the previous "council of elders" 👀👌

Who are they?

My Bank Called me asking for Personal Details? Should I Answer it?

Had you ever encountered that your banks called you and seeking additional info from you? Should you picked up the call? Should you answered the questions being posted over the phone?

Aiyoyo... Scam call is very common nowadays. How do we know which call is legitimate or not oh?

Due to the seriousness of this matter, The Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) today reiterate that its member banks will not ask for sensitive customer information such as online banking username and password, and credit or debit card number via phone calls. 

However...

ECF Tax Exemption Filing Guide and Clarification

Well, well, well... To all Equity Crowdfunding (ECF) investors, you should be getting the confirmation certificates for those of you, ECF investors, who are entitled to income tax exemptions for the Assessment Year 2023 (YA2023).

ECF investments made by individuals in 2021 would be eligible for the tax exemption in YA 2023. What are the other eligible requirements? Still remember?

(#Throwback here for you to read: How to Qualify for ECF Tax Incentive in Malaysia?) 👈

Coming back to this topic, how to file it during tax e-filing submission? 👀