BoomChaCha
1. Fuiyo, 5% FD + 3% SA and you still hesitate to act? What makes you to have different opinion now than you had before?

2. Why don't wanna attend HLB open house? You kena spooked by giko's tale? It's still OK for me la...just join in the celebration, mingle with people & compete in games. It is a very informal public event if we do not have any money transaction. So it won’t draw much attention.

3. If it is 3 years, then I’d say it is possible that MBSB will revise the 4.70%...I thought you were referring to the possibility of a revision between now until year end

Likewise...I can still feel the woe of not depositing $$$ for the 5%, but no point lamenting now.

The red part hor...how come a FD yielding 4.70% or 5% can make you lose some interest for 5 years? It is only possible if you are really si beh unlucky, place 4.7% 5-year FD in MBSB on 8 August, then on the next day MBSB raises the rate to 5%


Why you shy shy wanna join la? Can't help but raise my suspicion that instead of a historian/librarian/bookkeeper, you are actually an undercover/spy/double-agent lying low to avoid being conspicuous


Yup, it does.

Out of curiosity, during the 97-98 financial crisis, did you lump sum show hand into FD or buy stock?

During that spell, banks offered high FD rates yo...


I do not have the exact chronicle of MBSB's 5-year FD rate, so can't comment on the fluactuation part.

However, I do know that I will not hold my $$$ to wait for a hike in IR from MBSB. MBSB can take its sweet candy time to revise the rate wor & the longer we wait, we squander more on our $$$. There will be hits & misses. Can't have perfect timing everytime lo My way of play la...not to say is perfect, just sharing Your money, you call the shot...

So, when do you intend to place your FD? Wait until next year or this December?


Oww...no wonder la

I deposited in a few batches & harvested between 8-10%...wah, you accumulated your chips then lump sum place in EON bank for 1 year?

That time the OPR kena altered frequently...so I allocated & deployed small stake in various tenure.


Life is a gamble. Always trust your sense & take your risk

So I kena deplete one kaki to place FD in MBSB this December

Your $$$ all tied to FD because of the high rates available during that time?

No allocate some for super duper mega sale in stock & property?



If your weather forecast is clear (to deposit in MBSB), don't forget to inform me.

However, if your weather report includes natural disasters or extraterrestrial activities (higher FD rate elsewhere), make it double-quick to inform me

That time amount very small, almost 2 decades later, manage to play in "casino" with big amount liao


September?? November kua?

What difference does it make if raise OPR before or after implementation of GST? The effect still the same, no?

I think that the price of goods & services will increase with the implementation of GST, which will be reflected through the rise of inflation rate.

However, the inflation is not caused by an increase in demand but through government's fiscal policy to collect more revenue. So, I expect it to be a one-time jack up in Consumer Price Index.

My opinion is probably the government/BNM will monitor the situation post-GST, then decide on their monetary policy especially the OPR. It was reported that in theory, the government said that there shouldn't be any price increases with the implemetation of GST, rather consumers can expect a one-time decrease in prices because of the nature of revenue collection of GST.

My POV only & I'm not an economist too

Petrol kena GST??? Under the current system, we tarak kena tax wor...

I think it's best to wait for extra infos during the Budget 2015 presentation. Need to identify which purchases are under GST & which are exempted. After those are identified, you can go on a buying spree that you have hold back since 2 decades ago

But if OPR is raised, will you hold back your spending again

This is what I read in some website regarding how the implementation of GST will affect the prices :
a) Current 6% Service Tax (on the F&B and professional services industry) abolished, 6% GST introduced - Pay the same price

b) Current 10% Sales Tax (on manufacturing and imports) abolished, 6% GST introduced - Pay less in price

c) Current SST Exempt items, 6% GST introduced - Pay more in price

We need to "avoid" scenario in ©, so need to make purchases before 1st April 2015...but I have no idea what are the items in that particular category yet

So, in theory, prices for PC, TV, smartphone etc. should drop after the implementation of GST. Dunno can believe or not.

So price increase is inevitable when GST is incurred...meaning that there is only one possible movement for the OPR...upwards Correct boh?

Your POV is that BNM will not raise the OPR pre-GST, but a possible hike post-GST? Probably to monitor consumers' stance & retailers' reaction towards GST?

No problem...just rest & wait up to the time the GST is implemented...& anticipate to catch sight of FD with >4.70%

The dilemma is when can we catch a glimpse of that sort of rate

MBSB's competitors for 5-year FD rate still have some catch up to do, so MBSB has the luxury of time to rest & relax. We need to put up with that

At the same time, some institutions are offering FD rates that have taken the shine off BR...I also want to see how long BR can tahan not to revise up their rates

Supposing there is an OPR hike in the future & BR remains undisturbed by it, then we should be very disturbed by its stance. Most likely something very unsettling is going on in BR. At that point, the catch-phrase is ABANDON SHIP!

At this moment, I think BR's management should have known that their FD rates are not as enticing as before. The issue is that up to now, they still act bodoh bodoh inappropriately

I support that statement very strongly.


I hope to see FD buzz from them too, but:

For BR's case, if the management keeps making blunder & false move, it will be pretty hard for them to garner resources to provide higher IR.

As for MBSB, since they have dump their acquisition plan, supposedly they have no issue with their capital. Perhaps want to have some financial flexibility when consolidate with CIMB & RHB, so refuse to increase the IR for the time being.


I think they have endurance. Maybe took lots of Tongkat Ali...so can hold up so long & tahan from releasing new seeds rates

Me mana ada hamsap ...me only care about production & creation of...value


Luckily I managed to fill up my petrol tank before the news broke out.

Banks revised upwards their base rate at most pun by 0.25% nia...but petrol price kena hike >9%...manyak susah mau cari makan lor

Where & when did you get the notice of CIMB's new IR?

Can't seem to find it in CIMBClicks.


Secret is the precise term to describe that manyak ular punya bank. During rates hike, they made public announcement. But when they want to revise the rates downwards, diam-diam execute

I'm their customer since Bank Bumiputra days & yet tarak inform me about the rates revision...ruined my FD plan because I've placed a few 1-month eFD with them...cilalak

Did you obtain prior notice from CIMB about the new IR?

Make sure is 100% leng lui, then only start hamsap-ing...if it's a leng zhai who looks like a leng lui, yiiiiiyeh...really puking


I noticed the adjustment too & quite upset that 4.70% stays in its existing condition ...could see it coming, so wasn't surprised


Better wait for more info from Budget 2015 & browse through economy headlines.

Mana tau analysts shift their goalposts as they like.

But 0.25% OPR hike still beh tahan with 9% increase in petrol price...boh pian la

BCC,
My place tarak KFH branch

Finally BR has revised its FD rates...surely will raise some excitement in the FD scene. You sudah pumped up or not?