Bank Negara Malaysia (BNM) is expected to announce whether it will change the overnight policy rate (OPR) today, from 1.75% currently. Check out this infographic to help you understand the OPR!
If you work for a company, you may have noticed a SOCSO deduction in your payslip every month. All paid workers who have a contract with their employer, including temporary and part-time workers, must contribute to SOCSO. You may know …
With the Covid-19 crisis, you may have heard everyone talking about the health of the economy, followed by the term ‘GDP’. But what is GDP? GDP is short for Gross Domestic Product. It calculates the value of all the goods …
You may have heard that Bank Negara Malaysia (BNM) has cut the Overnight Policy Rate (OPR) to the lowest level ever, of 1.75%. But are you wondering why that matters to you? The short answer is that a lower OPR …
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