Repeat of the 1997-98 crisis? I remember a 2-storey-link in 1U sold for rm180k.

This post has been edited by MGM: Jul 11 2014, 09:23 PM

Not only the rate will vanish, I think the gifts are bound to cease to exist as well

Malayan Banking Bhd will revise its deposit and base lending rates effective July 16, in tandem with the 25 basis points increase in the Overnight Policy Rate (OPR).

It said on Friday its deposit rates will be revised upwards by up to 15bps.

Maybank's base lending rate (BLR) and base financing rate (BFR) would be increased by 25 basis points from 6.60% per annum to 6.85%.

Its last revision in BLR and BFR was on May 11, 2011 when they were revised from 6.30% to 6.60%.

I heard that Maybank might be interested in Affin. Pbank might also be targeted.

Sorry, I do not quite understand what you are trying to say..
Can use simple English please?

Oh... I am wrong.. ha ha..

Hu... One Utama? Now I think at least 1 million..?

Aiya.. Warrior, the gifts are usually do not worth much money and no practical usage,
No. 1 important is the FD rate ma..

whats the latest FD rate & promotion ?

PBB also increased BLR. no sign of FD interest rate revision; most likely to be gradually introduced than BLR's from mid-July.



This post has been edited by cybpsych: Jul 12 2014, 08:08 AM

1. Without the blessing of Tan Sri Dato' Sri Dr. Teh Hong Piow, the Founder and Chairman of PBB, no merger with MBB deal can go through unless he can be persuaded otherwise. But the government of the day can be persuasive too!

2. Likewise, AFG are controlled by S'poreans, if memory serves me right, & it's hard to picture them giving up control unless they take over BIMB but it seems unlikely - S'poreans in charge of M'sia's premier Islamic bank? But, this sounds like a broken record... the government of the day can be persuasive too!

The less banks, less competition. Less FD promo for us.

I agree. Let's hope the deal never materialize!

If got gomen "pressure" & "interference", then we know what will happen. Nothing is impossible in BolehLand

Just dun do business in malaysia then. As though malaysia market is big.

Tough for Maybank to takeover Public Bank coz valuation is heavy as P/BV > 3.5x

hint: YTL group

The below article said Public Bank not enticing for merger:

http://www.thestar.com.my/Business/Busines...ity-of-a-Mayba/

Anyway Public Bank do not have good FD promo, just some gimmicks on step up rates.

Ya I know...what I meant was if they do away with the rate & tarak gifts = double whammy

Later also put an end to the half-yearly interest payment...really

Eh, come to think of it...how do you know MBSB's gifts do not worth much? You've mentioned before that you did not receive any gifts from MBSB le?

Agree.
So the only way is to get ready to place 4.7% FD (hopefully it will raise to comply with new
revised OPR) before 3 banks merge.
We need to keep an eye to see when they are going to merge officially..

Last time I received one silver umbrella with a MBSB logo printed on it..

Newspaper said they have 3 months to do it. I have placed RHB and MBSB as my potential new accounts, now ?

Maybe someone can call MBSB about their 5 years rate if placed now, will it be affected by the merger later ?

I heard many rumors that next BN meeting in September might raise another 0.25%, so
I will ignore all 1 year FD promo, but to place either 3 months FD now, or to place 4.7%
FD in MBSB now to take a gamble..

Okay..I do not think tomorrow MBSB can give us any correct answer about their 4.7% FD
after the merge since they are just started to talk about merging, but I will call MBSB tomorrow
and will post the answer here.

Once these 3 banks merge, this new bank will be a member of PIDM for sure; since it is
PIDM protected, is it possible that all existing 4.7% FD accounts will be cancelled or changed
to another FD plan with lower interest rate?? Worry...

My opinion is likely no increase in Sept. Some people said in newspaper that no more increase for this year. BNM likely to see how the economy goes before deciding on another increase.

So for me, I will put my maturing FD to 1 year once banks give promo with the 0.25% factored in.

Thanks for calling MBSB tomorrow. Will wait for your update.