November 2018 - Page 2 of 2

EPF increases basic savings target to RM240 000

28Nov

By Webmaster IKON MalaysiaNo Comments

News

EPF increases basic savings target to RM240 000

The Employees Provident Fund has revised higher the minimum basic savings target for retirement at age 55 to RM240 000. The basic savings target, which represents the amount considered sufficient to support EPF members' basic needs for 20 years upon retirement, was previously set at RM228, 000. According to a statement, the EPF said the new quantum is benchmarked against the minimum pension for public sector employees, which was raised from RM950 to RM1 000 per month. The Basic Savings refers to the amount that is considered sufficient to support members’ basic needs for 20 years upon retirement, between the age 55 to 75, in line with the Malaysian life expectancy. The new quantum is benchmarked against the minimum pension for public sector employees, which has been raised from R...

27Nov

By Webmaster IKON MalaysiaNo Comments

Innovation/ Technology, Lifestyle

4 useful Google Apps For Your Travels

If you have a smartphone, you probably have at least one Google app on your phone. Up until this summer, Android phones came preloaded with bundled Google apps like YouTube, Google Maps, and Gmail, which consistently rank among the most popular in Apple’s App Store store as well. What you may not know is that Google has dozens of other, lesser-known apps. If you’re planning on traveling this holiday season, here are a few that could prove useful while you’re on the go. Google Trips Google Trips shows your upcoming trips and reservations, and suggests local attractions and restaurants. Give this app access to your Google account, and it will list the dates of your upcoming trips based on your Gmail messages and calendar entries. If you click on a trip, it shows y...

MPs unite to call for emergency motion to debate temple fracas in Parliament

27Nov

By Webmaster IKON MalaysiaNo Comments

News

MPs unite to call for emergency motion to debate temple fracas in Parliament

Lawmakers have set aside their political differences to come together in calling for an emergency motion to debate the recent fiasco the over 100-year-old Sri Maha Mariamman Devasthanam temple in USJ, Subang Jaya. Lembah Pantai MP Fahmi Fadzil said that both Barisan Nasional and Pakatan Harapan lawmakers had submitted a motion with Speaker Datuk Mohammad Ariff Md Yusof for the issue to be brought up for debates in the current parliament session. “We stand here in solidarity as we believe we need to come together to discuss the issue in a harmonious manner and move forward,” he said during a press conference at Parliament. Fahmi, who is from PKR, said that Mohammad Ariff had agreed to consider the motion and will decide to allocate time for this on Thursday (Nov 29) for debates...

Singapore Plans To Roll Out Drones For Parcel Delivery, Security

27Nov

By Webmaster IKON MalaysiaNo Comments

Innovation/ Technology

Singapore Plans To Roll Out Drones For Parcel Delivery, Security

Hi-tech Singapore is planning to roll out a swarm of drones for tasks that include delivering parcels, inspecting buildings and providing security, but safety and privacy concerns mean the initiative may hit turbulence. Companies have already started testing the devices for commercial use, mainly in an area of over 200 hectares (500 acres) dotted with high-rise buildings and shopping malls, specially designated by the government for the trials. It is part of the affluent city's drive to embrace technological innovation, as well as an effort to tackle a manpower shortage in a country of just 5.6 million, which relies on foreign migrant workers in many low-paying sectors. Commercial use of unmanned aerial vehicles is already taking off around the world, in areas as diverse as cr...

5 Qualities That Define Great Leadership

27Nov

By Webmaster IKON MalaysiaNo Comments

Business, Leadership

5 Qualities That Define Great Leadership

Company leaders are facing a crisis. Nearly one-third of employees don’t trust management. In addition to this, employers now have to cater to the needs of the millennial generation. On average, after graduating from college, a millennial will change jobs four times before they are 32. Most of them also don’t feel empowered on their current jobs. Sincere enthusiasm True enthusiasm for a business, its products, and its mission cannot be faked. Employees can recognize insincere cheerleading from a mile away. However, when leaders are sincerely enthusiastic and passionate, that’s contagious. For instance, someone who worked with Elon Musk on the early stages of his SpaceX project said that the true driver behind the success of the project was Musk’s enthusiasm for space ...

Putrajaya removes Bank Rakyat chairman with immediate effect over 1MDB

26Nov

By Webmaster IKON MalaysiaNo Comments

Business, Finance, News

Putrajaya removes Bank Rakyat chairman with immediate effect over 1MDB

Tan Sri Shukry Salleh has been sacked as Bank Rakyat chairman over his alleged role in altering the federal audit report on 1MDB, said Entrepreneur Development Minister Mohd Redzuan Md Yusof. The minister said the immediate termination order was made using powers vested in him by the Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act. "Following this, decisions made during his service in Bank Rakyat which has an implication on Bank Rakyat, will be reviewed and cancelled if it affects the interest of the bank," he said in a statement. The statement said the minister would announce his replacement once it has been finalised. Shukry was the principal private secretary to the former prime minister Datuk Seri Najib Tun Razak prior to the appointment to Bank Rakyat on Jan 3...

Finance Minister puts brakes on Cryptocurrencies pending Bank Negara decision

26Nov

By Webmaster IKON MalaysiaNo Comments

Business, Finance, Innovation/ Technology

Finance Minister puts brakes on Cryptocurrencies pending Bank Negara decision

Finance Minister Lim Guan Eng has put the brakes on those seeking to create cryptocurrencies, pending the final word from Bank Negara Malaysia. The response by Malaysia’s finance minister came as intense debate rages over the Harapan Coin which has been dubbed the first political fundraising platform in the world to use blockchain technology. During Monday’s parliamentary debate an MP again raised the issue saying the Harapan project had generated hundreds of U.S. dollars despite not having received the approval of BNM. “We need to be cautious as Bank Negara is the authority that handles and manages all forms of new currency technology. “This is where I wish to advise all parties, no matter who they are, intending to issue bitcoins or cryptocurrency, that they must refer to Bank ...