By maliki on July 5, 2007
Rice More Expensive Now.
By M. KRISHNAMOORTHY
krishna@thestar.com.my
KUALA LUMPUR: The price of rice is up again – this time by 10%.
With effect from July 1, each kilogram of rice at retail outlets will likely cost an extra 50 sen to RM2, depending on the variety and grade of the grain.
This is the second time the rice price was increased this year. The last round was in April.
A Padiberas Nasional Berhad (Bernas) marketing official confirmed that a circular had been sent to rice wholesalers, informing them of the price increase.
“We will be making a press statement soon to announce it to the public”, the official said yesterday.
Several wholesalers contacted confirmed receiving the price increase circular and said they were happy that Bernas had finally announced it.
“Our profits are very low and this price increase will help us to defray the increasing cost of operations”, said a wholesaler in Rawang.
The wholesale price of glutinous rice has been spiralling from RM1.85 per kilo early this year, to RM2.50 in February and RM2.60 in April.
With the latest increase, glutinous rice is expected to retail around RM3.20 per kilo.
The wholesale price for Vietnamese rice has been increased from RM1.44 per kilo to RM1.55 while Thai rice will be RM1.60 per kilo from RM1.49 per kilo in February and RM1.53 in April.
Fragrant rice will cost 10 sen more. Its wholesale price is now RM2.45 per kilo from RM2.35 previously.
The price of local rice will also increase. Its wholesale price now ranges from RM1.55 per kilo in Kedah and Perlis to RM1.85 in Johor and RM1.75 per kilo for other states.
rice
Posted in Malaysian
By maliki on June 30, 2007
What are preventing you to become wealthy?
Discover the *7 steps to Financial Freedom* that transformed a young man into a millionaire at just age 26…
>>> read here
Posted in Financial Tips
By maliki on June 20, 2007
Lots of people have been denied loan, credit card or other form of credit because of wrong information the lenders find in their credit report. Before banks or any other financial institution grant your application for loan they will first find out about your credit history from bureau by requesting for your credit report.
Credit report is a compilation of your credit history, past financial transactions and personal information possible. This report is usually compiled by accredited agencies known as credit reporting agency.
Credit reporting agencies are organizations that help credit card companies, loan companies, banks, and departmental stores in the country to ascertain the credit worthiness of their would be clients. They provide these companies information about those who are good credit risk and those who are not.
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Posted in Credit
By maliki on June 19, 2007
Your credit score is a very important in any financial transaction that you make or intend making in future. So it’s good you know what exactly your score is, understand its meaning and learn how you can improve it if it’s not good enough.
If you have ever borrow money or utilized credit before it has a score that reflects how well you handle the credit giving to you in the past. The credit score is determine by amount of credit you have, how much money you owe and whether you made payments on time or not.
Your credit score serves as predictor of how likely you are to repay any credit giving to you to your would be creditor or lender. If you usually make payments on time you will surely have good credit history and it will make it easy for you to get loan from banks or credit unions.
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Posted in Credit | Tagged Credit, credit score
By maliki on June 11, 2007
Getting approval for any type of loan depends on your credit rating. If you have average credit rating, you will find it almost impossible to get approved. It’s possible to get good rating or even improve you credit rating. Most companies almost use same rating system and if you are able to know more about it you should be able to have better credit score.
Your age is the first factor which it’s almost impossible to do anything about. Yes it’s possible to lie, but don’t because it will make things more difficult for you in future if the creditor get to know. If you are between 24 to 64 years of age you will get one point. Any age bellow or above that will score you zero point.
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Posted in Credit
By maliki on June 6, 2007
It’s very obvious that we now live in a credit world. There are lots of banking institutions offering different forms of credit from credit card to personal loans. The amount of people with credit cards is rising very fast. Apart from that, lots of people can hardly do without credit.
Because of lack of enough financial education and discipline on the part of most of these consumers they often find themselves in bad credit situations like court judgement, bankruptcy, and loan default which often make it difficult for them to get any credit at all in future. You may now want to ask – what exactly is credit?
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Posted in Credit
By maliki on June 5, 2007
Public Bank’s wholly-owned subsidiary, Public Mutual launching two new funds today, 5 June 2007. The funds are Public China Select Fund (PCSF) and Public Islamic Money Market Fund (PIMMF). While on 8 June 2007, they will launch their first Euro Pacific fund, the PB Euro Pacific Equity Fund (PBEPEF).
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Posted in Malaysian