Title: When National Debt Hits 65%: How to Stay Financially Safe?
Main Issues:• Malaysia’s debt could exceed 65% of GDP by 2026, with debt servicing costs rising from RM40.5B (2022) to RM58.3B.• Hidden liabilities like government guarantees push total exposure to around 82% of GDP.• Rising debt means less funding for development and social programs, risking slower economic growth. Why It Matters:Debt is not just numbers—it […]
SJKP Offers Over-100% Home Financing Guarantee for First-Time Buyers
KUALA LUMPUR — Syarikat Jaminan Kredit Perumahan Bhd (SJKP) now guarantees home loans that cover more than 100% of the property price for eligible first-time homebuyers — including costs beyond just the purchase price — easing barriers for those lacking formal income documentation. Why This Matters Many individuals — such as ride-hailing drivers, hawkers, online […]
Ready or Not: How E-Invoicing Is Changing the Way Malaysian Businesses Work
Beginning in 2025, Malaysia is entering a new digital phase for businesses with the implementation of e-Invoicing — an initiative by the Inland Revenue Board (LHDN) to improve transparency, efficiency, and tax compliance. But while this move promises long-term benefits, many small and medium enterprises (SMEs) are still figuring out what it means for their […]
Bank Negara Malaysia Launches RENTAS+ for 24/7 Interbank Settlements
Bank Negara Malaysia (BNM) has officially launched RENTAS+, an upgraded version of its Real-Time Electronic Transfer of Funds and Securities System (RENTAS). The new platform enables round-the-clock interbank fund transfers and settlements, operating 24 hours a day, 7 days a week, all year round. This makes RENTAS+ the first real-time gross settlement (RTGS) system in […]
Malaysian Banks Expect 5.7% Loan Growth in 2025 — What It Means for You
Malaysian banks expect 5.7% loan growth in 2025, driven by household and SME demand. Learn what loan growth means, why it matters, and how financial consultation can help you secure approval. 📌 What Does “Loan Growth” Mean? Loan growth simply refers to the increase in the total loans disbursed by banks compared to the previous […]
Mandatory EPF Contributions for Foreign Workers Effective October 2025
Starting this month, foreign workers in Malaysia are required to contribute to the Employees Provident Fund (EPF), following the enforcement of the Finance Act 2025. Under the new rule, all documented non-Malaysian employees must contribute 2% of their monthly wages, while employers are also required to contribute 2% on behalf of their foreign staff. This […]
New BNM Rule: Financial Education Required for Personal Loans Above RM100,000
Bank Negara Malaysia (BNM) has introduced a new requirement: consumers applying for personal financing above RM100,000 must complete a financial education module before approval. New Policy: Financial Education for High-Value Loans Why Is This Important? This measure is significant because: Who Will Be Affected What Borrowers Should Do Leap Concept’s View At Leap Concept, we […]
Budi95 Petrol Subsidy Malaysia 2025: RON95 Price, Eligibility and Monthly Limit
The Budi95 petrol subsidy Malaysia 2025 was introduced on 30 September 2025 to make fuel more affordable for citizens. With this new system, Malaysians can purchase RON95 petrol at RM1.99 per litre, capped at 300 litres per month. Non-citizens will pay RM2.60 per litre, ensuring subsidies are focused only on Malaysians. What is the Budi95 […]
Malaysia Introduces 3 Major SST Changes Starting July 2025
Starting 1 July 2025, the Malaysian government introduced three important changes to the Sales and Service Tax (SST). These updates are meant to reduce the burden on consumers and help small businesses. If you shop, go to salons, or run a small service business these changes matter to you. Here’s a quick breakdown of what’s […]
The Cost of Staying Trendy: How FOMO is Driving Malaysian Youths into Debt
In today’s digital-first world, Malaysian youths are increasingly falling into debt—and social media trends are a major culprit. With the pressure to stay trendy and showcase a luxurious lifestyle online, many teenagers and young adults are spending beyond their means. This alarming trend, fueled by the Fear of Missing Out (FOMO), is creating long-term financial […]