KUALA LUMPUR, 21 DECEMBER 2020 – Livening up this year-end celebration, Touch ‘n Go eWallet has teamed up with two of Malaysia’s favourite brands, LAZADA and Tealive, to present “Your X’Mas Surprise!” campaign. This festive campaign offers Malaysians #LebihBanyakEkstra rewards to treat themselves and their loved ones.
From now till Christmas, users shopping for LAZADA’s items can enjoy RM3 off when they shop using their LAZADA app or via the integrated LAZADA function on the Touch ‘n Go eWallet app. Users need to only spend a minimum of RM15 in a single transaction to be eligible for the RM3-off voucher that can be collected here. For boba fans, Touch ‘n Go eWallet is giving a RM3 cashback at participating Tealive outlets, with a minimum spend of RM10 in a single receipt, until 31 December 2020. The cashback can then be used for last-minute Christmas shopping at any of the eWallet’s 280,000 merchant touchpoints.
Kuala Lumpur, 21 December 2020 - Scam calls have been a prevalent issue in Malaysia for many years. It is even more alarming during this time of uncertainty, where people are desperate to make ends meet. According to statistics from the Royal Malaysia Police, 5,218 scam cases were reported between January to October 2020, with a total loss of RM 256 million from its victims.1 Knowing this, Truecaller - the leading Caller ID and spam blocking app is stepping into this region. The Swedish-based company aims to make communications safe and efficient by unveiling the identity of each incoming call.
Since the lock downs were implemented worldwide, spam calls saw an overall decrease. However, activity has increased by 9.7% per month from May onwards. October recorded the highest number of spam calls with a 22.4% increase, based on a recent analysis by Truecaller.2
2020 has been a record year for Malaysia. In July, we witnessed Bank Negara Malaysia reduce its key interest rate for a fourth straight meeting to a historic low 1.75% in the midst of the economy grappling with coronavirus and subdued export demand.
Since then, the central bank has maintained the Overnight Policy Rate (OPR) at 1.75%. Some analysts project further reduction during an upcoming Monetary Policy Committee meeting in the first quarter of 2021.
As consumers, lower OPR brings lower rates for bank loans. This means both lower repayment over the same loan period or the same repayment over a shorter period. Either way, if you are in the market for a new housing or car loan, now is a good time.
