Have you double check your mailing address? I only have PRS and got it too.

I received the 2 years before that lol

i think they only give to people who has invested at least RM10k with them.

Where does this come from?

This post has been edited by RigerZ: Jan 23 2024, 11:09 PM

is FSMone PRS funds good?

anyone got FSMone referral code can PM me?

This post has been edited by Davidtcf: Jan 24 2024, 02:04 PM

fsm is just a platform allow u to invest in PRS from fund houses like principal, rhb, AIA, etc with lower sales charge and consolidate all your investments in one platform
it don manage the fund itself

you can see their recommended fund here https://www.fsmone.com.my/funds/research/recommended-funds

This post has been edited by zebras: Jan 24 2024, 04:11 PM

2 design

Anyone invest in interpacific asset management before? How's the experience so far?

Hi All,

I'm still confused what to answer in this question "Do you have Domestic Ringgit Borrowing".

In BNM website,

Domestic ringgit borrowing refers to any ringgit advance, loan, trade financing, hire purchase, factoring, leasing facilities, redeemable preference shares or similar facility in whatever name or form, except: •Trade credit terms extended by a supplier for all types of goods and services;
•Forward exchange contracts entered into with licensed onshore banks;
•One personal housing loan and one vehicle loan obtained from residents;
•Credit card and charge card facilities; and
•Inter-company borrowing within a corporate group in Malaysia.

whereas the definition of Residents:

Residents:
•Citizens of Malaysia (excluding persons who have obtained permanent resident status of a territory outside Malaysia and are residing abroad);
•Non-citizens who have obtained permanent resident status in Malaysia and are residing permanently in Malaysia; or
•Persons, whether body corporate or unincorporated, registered or approved by any authority in Malaysia.

So if I have 1 or more car loan/house loan from banks (not Resident), and I do invest ETF in overseas, does it mean I have choose Yes for "Domestic Ringgit Borrowing"?

The definition is confusing to me since I'm not financial background.

Anyone can help?

Thank you

While waiting for real value added responses from real sifus,
I Googled and found this...
https://www.fsmone.com.my/support/forms




Attached thumbnail(s)

Now the question is that whether bank(s) falls under "Residents", since the defination of Resident is as below in BNM website:

Residents:
•Citizens of Malaysia (excluding persons who have obtained permanent resident status of a territory outside Malaysia and are residing abroad);
•Non-citizens who have obtained permanent resident status in Malaysia and are residing permanently in Malaysia; or
•Persons, whether body corporate or unincorporated, registered or approved by any authority in Malaysia.

So is that bank licensed to operate in Malaysia?

Well that is my understanding, which could be flawed.

May i know which country your car and housing loan is taken from?

Do you have any credit card, housing and car loan in Malaysia? If yes, how many? (If you are not comfortable, just state more than 1 will do.)

Loan is taken from bank registered in Malaysia.

I have credit cards and 2 car loans from Malaysia registered bank. No house loan.

So does the sentence below refers to banks because the word "Person" which I assume it refers to an individual under his own company (Sdn/Sdn Bhd)

"Persons, whether body corporate or unincorporated, registered or approved by any authority in Malaysia."

This post has been edited by Sitting Duck: Feb 4 2024, 12:27 PM

From
https://www.google.com/search?q=domestic+ri...mobile&ie=UTF-8



Attached thumbnail(s)

Are you a citizen of Malaysia or falling within defintion of Resident (i.e. obtained PR or has been in Malaysia for more than 182 days etc...).

On this 1 is very clear statement with "online onshore bank". That clears my doubt now that any Resident that has more than 1 car loan and 1 house loan from Malaysia banks is considered to have domestic ringgit borrowing.

Thank you for pointing out the statement that clears my doubt.


Yes. I am a citizen of Malaysia.



Lastly, thank you for everyone that assisted in my query.
You guys were extremely helpful and I appreciate it. Lowyat bros and sisters are really helpful as always

This post has been edited by Sitting Duck: Feb 4 2024, 12:42 PM

If you are resident Malaysia and you have more than one credit/loan facility from an on shore bank, you are considered to have domestic ringgit borrowing.

If non resident than no cap.

The downside being classified as such is that your investment is capped at rm 1mil per calendar yr.

HLB's foreign exchange admin notice is the latest. Its very confusing for lay persons, my suggestion is also to read the fact sheet for individual, is a summary of answer to the question i posed.

https://www.hlb.com.my/en/personal-banking/...cy-notices.html

I saw the 1mil cap in my FSM account and I was puzzle about that and you just clear the question I had.

Thanks for the answer.