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Survey: Many Malaysians still without any pension savings

PETALING JAYA: Far too many Malaysian are still without any form of pension savings, according to a global survey.

He said that the public sector pension system would only get more expensive over time and that there were still far too many Malaysians without access to any form of pension savings.

Good Samaritan’s skull cracked by road bully

A GOOD Samaritan received 15 stitches to his head for trying to defend a woman driver against a road bully, reported Sin Chew Daily.

JPMorgan reaches beyond its branches with new mobile account app

NEW YORK: In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices.

The app, named Finn by Chase, allows people to use a phone to open a bank account, make deposits, issue checks, track spending and set up savings plans, bank officials told Reuters last week. Finn debit cards will come by mail for access to cash from 29,000 ATMs.

New controlling shareholder at Ta Win

PETALING JAYA: A new controlling shareholder, namely businessman Datuk Yeo Boon Leong, is likely to emerge in Ta Win Holdings Bhd, a manufacturer of enamelled copper wires and copper rods.

Corporate move: Yeo is said to have bought the shares in Ta Win via private firm Pioneer Conglomerate, where he is a director.

Malaysia gets C rating in Global Pension Index

KUALA LUMPUR: Malaysia scores a C rating in the ninth edition of the Melbourne Mercer Global Pension Index, ahead of most Asian countries, with its index value up from 55.7 in 2016 to 57.7 in 2017.

S&P sees Malaysia escaping middle income trap to be a challenge

KUALA LUMPUR: S&P Global Ratings expects that Malaysia's objective to escape the middle income trap will continue to be a challenge while credit risk is high because of the country's high private-sector credit level relative to income.

Prepare your retirement plan early

Malaysia will have a larger aged population by 2050

“Instead of considering your retirement plans in 30 years – start now, start small. It will definitely help to increase one’s readiness towards retirement years,” Husaini(filepic) told StarBiz.

Rainwater harvesting gaining traction

Efforts are being made by local authorities and developers to encourage the harvesting of rainwater in the Klang Valley as an alternative source of non-treated water in the event of a dry spell.

The Lions Club of Subang Jaya helped set up a rainwater harvesting and irrigation system at the Subang Jaya Community Youth Football League that  operates out of SMK USJ 4 field.

Early savings, a smart choice

CHIN Choon Keat, 34, could not believe he had won RM10,000 in the August 2017 draw of the Cabutan Wow! 20 Tahun PTPTN.

From left: SJK(C) Bukit Serdang Parent-Teacher Association chairman Khoo Ching How, Chin, Low, Zheng Khai, SJK(C) Bukit Serdang supervisor Liew Yun Keong (middle), Selangor Education Department (scholarships) assistant director Norul Rozi Azeri, and Mastura posing with the mock cheque for the Aug 2017 draw.

Lifestyle inflation could be the reason you’re struggling

WHAT is lifestyle inflation? Quite simply it’s when you increase your spending when your income level goes up, for instance, each time you get a salary increment. It’s a simple idea that when you make more, you spend more.