Sukuk Simpanan Rakyat 2009 with 5% annual return

Have you heard about Sukuk Simpanan Rakyat (SSR) or seen its advertisement in mass media recently?

Sukuk Simpanan Rakyat (SSR) 2009 is an RM5 billions national Islamic savings bond issued by government of Malaysia and offerred to Malaysian citizens aged 21 or above. It is part of the Malaysian RM60 billions economic stimulus package announced in March 2009.

Bank Negara will issue the SSR in 2 phases. The issuance of SSR 01/2009 amounting to RM2.5 billion is on 14 May 2009 and will be offered to the public from 14 April to 13 May 2009 on a first-come-first-served basis and subjected to terms and conditions specified.

This SSR 01/2009 will have a maturity of 3 years, with profit rate of 5% per annum. The tax exempted return is paid quarterly (amounting to about 1.25% each payment). Minimum holding per person is RM1k and maximum holding is RM50k. It is is non-negotiable, non-transferable and non-assignable. This mean that this bond cannot be traded in any way.

During the sales period, the SSR 01/2009 can be subscribed at all agent banks, i.e. commercial banks, including Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan Nasional and Bank Pertanian Malaysia Berhad.

Click here for more information about Sukuk Simpanan Rakyat (SSR) 2009.

CIMB Petronas Mastercard offers 5% rebate every 1st day of the month

CIMB Petronas Mastercard is a credit card that is free for life (no annual fee) and provides 2% rebate on spendings at Petronas service stations, 0.5% rebate on other retail transactions. Beside that, card holder can enjoy special discounts and privileges when using it to make payment in more than 500 outlets nationwide.

Now, on top of that, this credit card will also provide 5% rebate on spendings at Petronas service stations made in the 1st day of every month, until October 2009.

However, this rebate is capped to a maximum spending of RM200 or rebate of RM10 on every 1st day of the month, and subjected to a maximum spending of RM2,500 at Petronas service stations or rebate of RM50 per card per month.

This doesn't look as attractive as their previous campaign which provided 3% rebate (everyday) for spending in Petronas service stations, which has already ended on 17 November 2008. Yet, it is better than none.

Forrester Research: Sponsored conversations make sense

According to an independent report published by Forrester Research on 2 March 2009,Sponsored Conversations is an evolving practical trend of marketing technique to stay and mature, especially when appropriately protected for disclosure and authenticity.

Sponsored conversations take place when marketers provide monetary or non-monetary form of award (or compensation) to bloggers who write and share their experience to the general public about their products, services, websites, etc.

If it is managed properly, this marketing approach is seen to be cost-effective, scalable, far-reaching and persuasive.

"The growth of sponsored conversation could lead to a whole new industry within the interactive marketing space and will have some dramatic effects on the blogosphere." -- Forrester Research

Click the banner at the footer of this webpage to download the full report of Forrester Research for free.