Finance – PRWIRE Asia

AI Group seeks listing on the NSX to accelerate growth in investment portfolio

Actcelerate International Group (AI Group), which is eyeing investment in SMEs and high-tech startup companies, has recently lodged a prospectus to raise up to A$2.25 million and list on the National Stock Exchange of Australia (NSX).

Kuala Lumpur, Malaysia, April 30, 2018 /PRWIRE.asia/ -- The listing on Sydney based NSX will allow AI Group to further its investment focus on four major sectors – Information and Communications Technology, New Age Retail, Financial Services and Green Technology.

With its headquarters strategically located in Kuala Lumpur, one of ASEAN’s most vibrant hubs of economic growth, AI Group aims to invest in high-growth companies and businesses that meet its investment criteria, and help them to expand their market penetration. The main focus will be on companies that possess the potential for continued growth in the Asia Pacific region and beyond. The target companies’ valuation range is proposed to be from A$1 million to A$10 million, with the flexibility of equity, debt or hybrid investments.

AI Group believes that with its focus on investments in technology companies across a wide range of sectors, coupled with an experienced management team and board, it can achieve a balance between return on investment and acceptable risk.

AI Group puts the global market in view as it sets foot in the Asia-Pacific region for higher capital gains to maximise shareholder value. The company aims to become a preferred partner for SMEs and high-tech startup companies in the procurement of their development financing.

AI Group offers a complete investment package that covers provision of funding, know-how, management, market strategy, and competent human resources.

Anyone wishing to acquire shares will need to complete the application form which accompanies AI Group’s prospectus. The prospectus can be obtained from http://actcelerategroup.com/

What is Estate Planning by Smart Wealth

What do you know about Estate Planning? Let Smart Wealth introduce you the basics and how you could benefit from estate planning.

Kuala Lumpur, Malaysia, April 18, 2018 /PRWIRE.asia/ -- Estate planning is not merely preparing a will, in fact, it requires some proper planning and arrangements to protect and preserve a person’s total assets for the benefit of his family and loved ones. The objectives behind estate planning are to protect one’s estate or assets from being claimed by creditors, avoid transfer of assets to wasteful and irresponsible beneficiaries, preserve the estate in its original value and providing rightful beneficiaries who are still lacking financial acumen with an appropriate financial back-up in the future.

We have gathered here an essential estate planning guide on what types of assets transfer is available to the public and several important aspects you should take note of in ensuring your proper estate planning is firmly in place. We believe you would want to make sure your assets are being transferred without a hitch to your loved ones according to your wishes after death. So spend a few minutes go through the below transferring procedures even though you might engage the services of estate planning attorneys or trustees. It would benefit you tremendously.

-Statutory law transfer

This type of transfer is validated through the operation of law. Common transfer cases that involve statutory law transfer are life insurance policy nominations and EPF nominations in which the nominations can be made revocable or non-revocable. For Muslims, the case is a little bit different in that the names which are nominated are not the beneficiaries but only nominees whose role is to distribute the EPF funds according to Al-Faraid Distribution laws.

-Contract transfer

This type of transfer is viable through the signing of a contract or agreement during a person’s lifetime to ensure that your assets are transferred to your beneficiaries in a proper manner upon his death. Common example of contract transfer includes an absolute assignment of a person’s life insurance policies which is non-revocable. Trusts like Inter Vivos or Living Trusts are also examples of contract transfer where the owner passes legal title of trust property to a trustee to hold on for the beneficiary in accordance to the terms being set out in the trust. Both Muslims and non-Muslims could utilize this efficient tool for creditor protection.

-Administration transfer

Also called a probate transfer, this transfer shall take effect if the other two types of transfer are not in force when someone dies and his/her properties have to be transferred nonetheless. Hence it is always a wise decision to write a will in case of some untoward circumstances.Be equipped with the basic knowledge of estate planning will help you manage your finance in a more effective way and it is always advisable to start as early as possible!

Contact Information:

Name: Chris Teng
Organization: Webist Solutions Sdn Bhd
Website: webist.com.my
Phone Number: 0165574650
Email: chris@webist.com.my
Address: B-1-3A, Kuchai Exchange, Jalan Kuchai Maju 13, Off Jalan Kuchai Lama, 58200 Kuala Lumpur.

Introducing Malaysian Insurance for you by Smart Wealth

Get to know how insurance in Malaysia works and how you could purchase different types of plan smartly.

Kuala Lumpur, Malaysia, March 28, 2018 /PRWIRE.asia/ -- Be aware of Malaysian Insurance.

Most people are not unaware of the term insurance and how it functions. Briefly speaking, insurance is a practice or arrangement whereby an insurance company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. People already knew it long time ago, either engaging the services of agents or buying insurance on their own. Here in Malaysia, there is another insurance option called Takaful which is based on the Shariah laws and more specifically cater to Muslims. So what do you know about insurance and seeing a long list of health insurance companies offering a myriad of different insurance packages, how are you going to determine which one is the most suitable for you?

There are 3 common types of Malaysian insurance available for the market which are Medical and Health, General and Life. Here we shall explain how each of these works in layman terms so that you know which affordable insurance to buy for yourself and your family.

-Medical and Health Insurance
The most basic insurance that covers you in the event of illness or injury due to an accident or illness. This is especially useful where it helps to pay off your medical expenses and if necessary, hospitalisation cost which could be quite burdened if you do not have enough fund readily available. It is the most essential insurance for people to have and there are numerous types of medical and health insurance covers offered in Malaysia which includes medical card, critical illness plan and hospital income insurance. Medical card provides medical coverage for any expenses incurred during hospitalisation due to illness, accident and injury. Critical illness plan entitles you a lump sum of cash upon diagnosis of any critical illness like heart attack, cancer, paralysis, Alzheimer, Parkinson’s etc. Hospital income insurance pays out an agreed amount of money to you when you are hospitalized.

-General Insurance
General Insurance includes motor insurance, travel insurance and personal accident. Motor insurance protects you financially from road accidents involving vehicles.Moreover, you could also add on to purchase theft, fire or own damage protection that will protect the value of your car. Travel insurance, on the other hand, protects you from risks such as travel cancellation, flight delays, medical emergencies, lost and delay of baggage, loss of passport etc. Personal accident insurance pays you a fixed amount of money if you suffer partial or permanent injury, disability or death due to an accident.

-Life Insurance
Life insurance pays out a sum of money to the beneficiaries upon the death or permanent disability of the person insured. It is divided into whole life and term life insurance where the difference is the period covered (upon maturity age is reached for whole life and death for term life). Another stark difference is the whole life contains savings benefits while term life does not.

You have the required basics of insurance knowledge with you now in order to make a wise decision on the purchasing part. You could choose any insurance plans on your own or you could engage Smart Wealth consultation service where we help you to pick the best option for you and your family.

Contact Information:

Understand the EPF investment scheme in Malaysia with Smart Wealth

Have a basic understanding of the different types of EPF schemes available in Malaysia and know their strength and weakness.

Kuala Lumpur, Malaysia, March 28, 2018 /PRWIRE.asia/ -- As a Malaysian citizen, everyone should know EPF (employees provident fund) and what is the purpose of this fund. But what about EPF investment scheme? To explain it briefly, the scheme is an option where you could invest a certain percentage of your EPF funds in EPF-approved unit trust funds. The objective of the scheme is to help grow your money for retirement purpose and members are able to invest a maximum of 30% of their savings or minimum RM1000 of their EPF account 1.

So which types of investment scheme are available for you to invest? Over 20 fund management institutions have been listed by EPF agency to manage unit trust funds under their investment scheme. The list of approved funds include bonds, equities, money markets, and balanced (mixed) unit trust funds. Each of the approved funds has different earning potential and therefore different risk level. It is always a wise move to consider your risk taking capability before diving in any of the investment schemes so that you would have a peace of mind. You will need to know your investment objective as well either to have a regular income stream, make capital gains or a combination of both.

Here’s some scheme on offer for the public:

-AFFIN HWANG Aiiman Income Plus Fund: Classed as a low-risk bond fund, this type of investment will provide a steady income and is best for those with mid to long-term investment goals.
-Hong Leong Money Market Fund: A low-risk option for risk-averse investor, it is designated for people who want to invest for a short period of time while at the same time expecting to receive a regular income stream.
-RHB Smart Balance Fund: This fund is classified as moderately risky and suitable for investors who might want to participate in a longer time period. This option is advantageous in that it allows investors to earn from current income and capital growth.
-AmCumulative Growth: A high-risk equity fund to start with, it suits investors who are looking for capital growth over regular income streams. This fund is a long-term investment option for people who would want to accumulate higher returns.

Even though some of the funds are classified as low risk, it does not mean that investor will not be exposed to any loss in their investment. It all boils down to how much risk appetite an investor could withstand. The higher the risk, the higher the returns and so the higher the loss as well. Therefore it is imperative for any person who wants to invest to know how to manage their wealth smartly as well.

So you have it the basics of EPF investment scheme in Malaysia where you can decide carefully on whether you want to invest in it or which type of investment option is more suitable for you. There will be pros and cons in any of the investment schemes and you could always engage the services of financial consulting firm like Smart Wealth to guide you on which types of investment pathway is the best for you.The earlier you are informed, the better you are prepared for your retirement period.If not now, then when?

Contact Information:

How to get your CCRIS report online by Smart Wealth

Learn the procedures for generating your CCRIS report online hassle free without needing to go to the physical office.

Kuala Lumpur, Malaysia, April 18, 2018 /PRWIRE.asia/ -- Finding it troublesome to get your CCRIS report at Bank Negara Malaysia (BNM)? Smart Wealth believes you do! Now you do not have to waste your precious time queuing up at BNM to get yours, that’s because you could do it online already! For those who do not know what CCRIS is, here’s a brief explanation. CCRIS is a service platform which provides Personal Credit Reports and it stands for Central Credit Reference Information System. CCRIS is a system created by BNM which synthesizes credit information about a borrower or potential borrowers into standardized credit reports. The information shows the credit history of potential or current borrowers and is available to financial institutions and individuals upon request. It is essential for financial institutions to know the borrowers’ creditworthiness before offering them credit.

So now you have a basic grasp on what CCRIS is all about and its function. So how you could get hold of this report without even going to BNM? Here we will show you some guidelines and procedures on how you could utilize the online platform to generate your CCRIS report, in other words how to generate your eCCRIS.

1. Register yourself at BNM
2. Search for CCRIS kiosk at BNM.
3. On the display at CCRIS kiosk, you will come to the homepage with an eCCRIS option after you had selected your preferred language. Click on the option of course if you want to generate your eCCRIS report.

4. You will be brought to a page that shows the submenu. If you are first time visiting the kiosk, click on the ‘Register User’ option.

5. You will be required to enter your identity card into the kiosk as well as undergo the biometric screening on your finger.

6. You will be required to key in your mobile phone number after the previous steps have successfully been completed.

7. Have a good look through on all the keyed in information. After confirming the accuracy of all your information, just continue.

8. You will receive a 6 digits pin number in your mobile phone which is required for future procedures on your desktop.

9. Go online and visit the website https://eccris.bnm.gov.my/ and click on ‘First-time login’.

10. Fill in all the required information including the pin number you just received.

11. You will be required to set your User ID, Email and Password for your new user account.

12. After you have done, you will be prompted back to the homepage and log in again using your new User ID and password.

13. You will be transferred to the homepage and click on the enquiry option shown at the menu bar. Click on the drop-down ‘Self-Enquiry’ option.

14. A disclaimer page will be shown and tick on the ‘I agree’ option and click on the ‘Report Enquiry’ option located at the bottom right of the page.

And that’s all the simple steps you need to go through to know your credit standing, outstanding credit, debt or loan status. You will save yourself time and effort to head to the bank and queue up just to get a paper report. Enjoy your eCCRIS online!

Contact Information: