Singapore dollar and US dollar rise against Ringgit like a rocket lately..

I cannot imagine what will happen if one Singapore dollar hits Ringgit 3.00..? Many people believe this will happen
very soon..

What will happen on our FDs if Ringgit is keep depreciating..? Back to history during 1997/1998?

S$ 1 = RM 2.594 --> Hu..hu..
US$ 1 = RM 3.330 --> will go up again..?
AU$ 1 = RM 2.982

Captain, if you think about the crony issue, this topic relates to many sectors and that will be no ending for discussion..

You suggested Honda hybrid, but don't forget Honda (except Honda motorcycle) is also a crony company; unless buy only Nissan.
For grocery shopping, perhaps the only options left without crony are NSK, 99 Speed Mart and Econsave and etc...
For bread without crony is Massimo, I believe you know about this.
For petrol station without crony, I think is only Caltex left..

For banks without crony, only Public bank and foreign banks left.
I will never put my FD in Public bank because of the low interest rate, in this case, I do not care whether it is a crony or not.

About the greedy for high FD rate, it is quite normal for everybody to aim for the possible higher interest rate. I think it is
quite controversial if this involves of crony issue, but I agree this probably should take into account.

Thank you for sharing.

This post has been edited by BoomChaCha: Aug 28 2013, 12:32 AM

Captain, I do not expect BR will bankrupt.

I guess if something goes wrong with BR, Ministry of Finance must have some legit solutions standby to rectify it.

But I am not surprised if they use Rakyat money to bailout depositors as this is only one of the corruption cases
in Malaysia.

Thank you for sharing your opinion.

If the concern is about Rakyat (tax payers) money, then I think this recent news should brought us attention:

Pemuda UMNO Tentang Peminjam Tegar PTPTN Disenarai Hitam

KUALA LUMPUR 20 Ogos - Hasrat kerajaan meneyenaraihitamkan peminjam Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) yang ingkar ke dalam Sistem Maklumat Rujukan Kredit Pusat (CCRIS) ditentang oleh Pergerakan Pemuda UMNO.

Ketua Pemuda UMNO, Khairy Jamaluddin berkata, kerajaan seharusnya mengambil pendekatan lain bagi mengumpul kembali dana yang dipinjam dari badan tersebut dan bukannya menyenaraihitamkan dibawah CCRIS.

"Keutamaan hendaklah diberi kepada tindakan bersepadu yang juga mengambil kira pemberian insentif bayaran balik serta kaedah pembayaran anjal yang mengambil kira situasi semasa peminjam," katanya dalam kenyataan kepada media di sini, hari ini.

Menurut Khairy, hutang pendidikan PTPTN merupakan keperluan bagi meneruskan pengajian ke peringkat lebih tinggi dan ianya bukanlah pinjaman pilihan peribadi seperti pinjaman kad kredit atau pinjaman kenderaan.

"Harus diakui bahawa pinjaman PTPTN bersifat keperluan kerana kerajaan tidak menawarkan pendidikan percuma sepenuhnya di institusi pengajian tinggi dan keperluan memiliki kelulusan sama ada diploma mahupun ijazah adalah penting bagi pembangunan kerjaya dan intelektual seseorang anak muda," katanya.

Jelasnya, PTPTN harus menggunakan kaedah yang lebih efisyen bagi memberi imej yang lebih baik terhadap badan yang memberi bantuan kepada golongan muda untuk melanjutkan pengajian di peringkat yang lebih tinggi

Pandangan Khairy turut dikongsi Presiden Solidariti Mahasiswa Malaysia Muhammad Safwan Anang yang menganggap tindakan memasukkan peminjam PTPTN yang ingkar dibawah CCRIS akan membebankan golongan muda.

“Walaupun kami menuntut PTPTN dimansuhkan, namun tindakan yang boleh menyebabkan penyenaraian hitam nama kepada peminjam PTPTN itu perlu dikaji semula," ujarnya.

http://networkedblogs.com/Ohs5s

This post has been edited by BoomChaCha: Aug 28 2013, 09:24 PM

I read from the newspaper, no, action will not be taken to black list them on CCRIS.

My friend told me, many years ago, government sent more than 20 students from MARA to
study in a State University in the US, these MARA students got money from our government
to pay for their their tuition fees, accommodation, food, and other expenses, they also
received extra US$ 400 each month as pocket money. US$ 400 was a big dollar value at that time.

We doubt they will need to pay back this US$ pocket money to the government.
Let's assume if they studied there for 3 years, US$ 400 x 36 months = US$ 14400.00
20 students x US$ 14400 = US$ 288,000.00

These students academic performance were just so so, not very outstanding.

This also depends on your 20% deposit amount in Affin CASA.

For Affin saving account interest, please refer to #Post 2124 by RO Player on Page 107
https://forum.lowyat.net/topic/2722457/+2120

You can participate in their OMB Invasion campaign, for their Grand Prize, you have to act fast
before the end of this August.
http://www.omginvasion.com

This post has been edited by BoomChaCha: Aug 28 2013, 12:39 PM

Eating issue does not exist lah.. as BR is so far OK..
So I suggest you to go.

Please share with us after you come back from the party, like to tell us
the atmosphere, how many attendants, gifts, content of BR speech, their
future business direction...and etc..

BR invites you to eat in where? A buffet dinner in Equatorial hotel?

There are many big eating issues around, one of the big eating scandals is probably French
submarine which cannot be sunk under the water..

So no need to worry, your buffet dinner is just a small eating.. .. enjoy your meal..

This post has been edited by BoomChaCha: Aug 28 2013, 01:34 PM

Ha.. ha.. No need suddenly to switch to snack lah..
Eat small small like buffet rakyat can tahan lah..

I was wondering the given gifts are considered eating or not..?
You received a lot of gifts, right? I remember you said you received 2 hampers?

By the way, It is quite headache when FD maturity date approaching, this is one of the reasons
I placed some FD in a longer term...

S$ 1.00 = RM 2.601 ---> Break records
US$ 1.00 = RM 3.334

This post has been edited by BoomChaCha: Aug 31 2013, 12:04 AM

Deleted...

This post has been edited by BoomChaCha: Aug 31 2013, 12:02 AM

Ha ha.. I just want to make a joke with gsc...
I do not have his parents phone number la...

Thanks for the links...

Why suddenly OCBC shorten the period for their 4.5 FD promo..? I suspect OCBC will drop the interest rate...?

I called UOB this afternoon and tried to get the next new FD promo rate, but
UOB said they did not have the new rate until next Monday.
This UOB staff also mentioned that she heard the new FD rate would drop a bit.
Let's find out on next Monday.

Thanks so much for updating OCBC FD news ..

Don't say instructed la.. I do not dare to do so la...

What is a PDC staff?

I am not worried about the banks merge or acquisition issues.

This happened in history, A small bank took over a bigger bank.
If I remember this correctly, last time Arab Malaysian bank took over MBF to become AM Bank..

What is M bank?
Is it Am bank? Or May Bank?

If 10 people can fit one table, so 4 tables x 10 people = 40 people.
But not all top depositor can attend this invitation, so I guess BR has around
100 top depositors in their branch.

Not surprised for most attendees are Chinese, because around 97% population
in Penang are Chinese.

How was the food? Delicious?

Oh.. ATM card is free..this is great.

Thanks for your time and effort to write this BR meal tour for us...

This post has been edited by BoomChaCha: Aug 31 2013, 12:41 AM

But what if you meet your friends or your neighbors in this invitation? Then all of you know
each other are rich men?

This post has been edited by BoomChaCha: Aug 31 2013, 12:48 PM

Oh.. you noticed this part.? I have to say that you are right this time.
So please don't play a fool with bbgoat...

I have FD will mature next week...very headache during this weekend and need to chase after musical chairs..

This post has been edited by BoomChaCha: Aug 31 2013, 12:00 AM

This is quite true also..

I did, but cannot put all money into 5 years FD, right..?

This post has been edited by BoomChaCha: Aug 31 2013, 12:19 AM

Will find out UOB new FD promo rate on next Monday...

This post has been edited by BoomChaCha: Aug 31 2013, 01:39 PM

RHB FD Promo Bundled with Uni Trust at 1:1 Ratio
Effective from 13 August to 26 September 2013

3.98% for 1 year tenure, but need to buy Uni Trust at 1:1 ratio
Min RM 10K
Max RM 3 Million

But the good thing is that maybe a good opportunity to create human networks from rich and successful depositors there.

Yes, if put RM 10K in FD, then need to put another RM 10K in Uni Trust, total is RM 20K.

If put RM 25K in FD, then need to put another RM 25K in Uni Trust, total is RM 50K.

Wah... somemore a Golden Class customer from Public Mutual fund..
Really a Top Goat and a humble Goat (go by bbgoat rather than aagoat)..

You have noting to lose to attend..Maybe Public Bank will offer a good deal for participants?..Go lah..
If you are worried to get ambushed after the seminar, then don't go back to your office/home directly,
drive rounding in crowded area first, the best is to park your car in nearby police station parking
lot for few minutes, make sure nobody follows you then drive back to your destination.

I will call UOB and post the UOB new FD promotion here tomorrow.
Hopefully it is a good news for all of us..

Abang Kilat, Sorry, I do not know the fee charge for Uni Trust from RHB.

You have to call RHB to find out:
http://www.rhb.com.my/

Good Luck

This post has been edited by BoomChaCha: Sep 1 2013, 10:03 PM

Top Cat, usually gifts from banks are not really valuable.
What are the most valuable gifts you have received from banks?

Am Bank Top Rate Promotion - 15 July to 15 October 2013

Win Audi A4 --->

Link:
http://www.ambankgroup.com/en/Promotions/D...ateDeposit.aspx

This post has been edited by BoomChaCha: Sep 2 2013, 01:32 AM

Check out Mach online FD with PIDM, interest rate up to 3.4% p.a.
https://www.machbyhongleongbank.com/mach-fixed-deposit

Alliance Bank online FD, a chance to win a Samsung 46" smart TV:
http://www.alliancebank.com.my/savewinsmartplus

This post has been edited by BoomChaCha: Sep 2 2013, 01:45 AM

There is only one FD promo from UOB for September

UOB FD 3 Months Promo - Effective from 2 September to 30 September 2013

3.3% for 3 months tenure
95% of fund put in FD, 5% of fund put in CASA
Minimum deposit: RM 10K

Ha..ha.. will try to sleep early from now on..

This post has been edited by BoomChaCha: Sep 2 2013, 11:26 AM

I just called OCBC help line, OCBC said all 4 FD promos will end on this 10th of September:

(1) Mega Saver 3 months FD at 4.5% bundled with CASA (Smart Savers)
(2) 3.7% for 13 months
(3) 3.4% for 12 months
(4) 3.3% for 3 months

You are welcome.

I guess OCBC will lower the FD rates after 10 of September..

You'd better do it fast before 10 September..

This post has been edited by BoomChaCha: Sep 2 2013, 01:58 PM