Kuala Lumpur, 8 April 2021 - As travel restrictions gradually ease, Malaysians can look to earn extra income through hosting, according to Airbnb’s What’s My Place Worth tool, a new resource rolled out by Airbnb for prospective Hosts to calculate their potential monthly income. The interactive tool computes the estimated income through inputs for geography, type of listing and space and factors in prior Airbnb booking data in the area.
As the ongoing COVID-19 pandemic continues to impact local communities and businesses in Malaysia, the Department of Statistics Malaysia (DOSM) recently reported that almost 800,000 Malaysians remain unemployed as of January 2021. For many, sharing their homes on Airbnb can provide a social safety net, helping them to stay economically afloat in these unprecedented times. In Kuala Lumpur, for example, the RM1,5 51* in estimated monthly income through hosting on Airbnb represents important supplemental revenue for prospective Hosts.
Kuala Lumpur, 7 April 2021 –Versa, Malaysia’s latest digital cash management platform, today announced that it has achieved over RM10million in deposits in just three months since its soft launch in January. To date, Versa has registered more than 4,000 accounts averaging deposit amounts of RM2,700 per user.
The current low interest rate environment is leading to greater customer demand for better solutions that can meet their financial needs. With a low average 12-month interest rate of 1-2% and a lack of flexibility in depositing and withdrawing funds, many may find it challenging to commit to fixed deposit offerings.
Kuala Lumpur, MALAYSIA, April 7, 2021 – Almost a year has passed since the COVID-19 pandemic caused movement restriction orders and lockdowns in Malaysia. Since then, individuals and businesses have learnt to adapt to the restrictions and guidelines to adapt to their new lifestyles. According to Visa’s Consumer Payment Attitudes study more than four in 10 Malaysians shopped online through websites or apps for the first time and more than three in 10 made their first purchase online using social media channels.
In addition, 88 per cent of Malaysians use home delivery services, of which 36 per cent are first-time users. As shopping at physical outlets reduces, many Malaysians have opted to shop on digital commerce platforms. Based on the study, online shopping through mobile applications and websites grew by 83 per cent while shopping via direct delivery over phone orders increased by 65 per cent. Malaysians are also increasing their shopping activities at online marketplaces (48 per cent) and home-based businesses (44 per cent).
