No, nothing to do with interest rate. It's about the political and economical stability in our beloved country. Call me paranoid but my confidence level is that low. Not at the level I used to be.

So many uncertainties now, better don't lock up cash too long. Crisis is opportunity, be very liquid and wait for bargain to come. Crisis/opportunity don't come very often, 17 looong years waiting man. Don't miss it.

During the late nineties currency crisis, the KLSE CI nose dived to 262points from the high of 1300, stocks were at rock bottom prices, DSL house at Bandar Utama was as low as RM300k down from Rm400k+. Stocks and property are not the only opportunity during crisis, things like businesses, fine jewelry, collected item Swiss made watches etc etc will be at bargain price too. Therefore crisis = opportunity to those who have FD.
I'm not sure if we are going to have the crisis or not but there are already indications pointing to that direction. So my personal strategy is to be as liquid as possible from now on. As liquid as possible means, start adjusting my FD placement term ratio in favor of short term FD. Grab every opportunity that comes along if my gut feel tells me so.

Hopefully there will be no crisis. A lot of people will be suffering including people around you, businesses will be suffering too. Only cash rich people who grab the opportunity during the crisis will be benefited.
Just my personal view on how I manage my FD when I see a cloudy day right in front of me.

You can seriously consider dual currency account already.
You can enjoy higher interest in ringgit until you strike USD, and when you strike, you strike at spot rate, which is cheaper than tt/od rate.

Citibank, OCBC.
I'm not too sure about HSBC and the minimum trading amount now. Few years ago, I was able to trade with lower amount of Rm100k with Citibank. Perhaps the 300k AUM requirement is for the HSBC PB status before you can open DCA.

Oh ya, you reminds me that CTB min trade is RM50k.

Since you need USD after all, you are in win win situation. If you never strike, you ringgit still yield better return than FD, eg. 2 weeks trade for £ at spot-0, the interest rate is 10%p.a today. (Sorry, I don't have USD trade info)
You have a 50% chance to strike if you choose spot-0, that means in the event ringgit recover, you ringgit wil be converted to USD at your chosen spot rate + 2weeks 10% interest income.
It doesn't matter if you never strike, you will still earn the 10% interest and at any time you can stop the trade and buy USD the plain old way when the need comes.

Affin bank pays RM255m for 0.51ha of land in TRX.

The paper stated Affin Bank Berhad.
http://www.thestar.com.my/Business/Busines...land/?style=biz

It works out to about RM4699 per sqft.

This post has been edited by aeiou228: Aug 12 2015, 09:28 PM

Today's evening news paper headline is really spine-chilling.

As the matter of fact, Affin's 4.33% 15mths FD is the highest among commercial banks.

Here's the English version.
http://www.thestar.com.my/News/Nation/2015...an-devaluation/

Hello, BR has nothing to do with MOF.
BR is a cooperative bank under KPDNKK.

It's very wrong and misleading to equate "Only if there is bailout." as a same protection as PIDM. You are literally saying no protection = with protection.

bailout is not capital guarantee, capital guarantee is this:






Attached thumbnail(s)

Sifu,

From my limited understanding, I don't think deposits in BR and MBSB has any protection or guarantee written in black and white. But there is a "feel good" factor about these two DFIs because both BR and MBSB are government owned. If anything goes wrong, very likely Gomen will bail them out but under no obligation whatsoever.
Therefore, if you were to ask me to rate deposit protection like rating agency style, I would rate BSN's simpanan dijamin kerajaan as A+, commercial banks with PIDM as A and government linked DFIs as A-.
No right or wrong.

Sifu,

How you hedge ? Can share share ?

Cool! Thanks for sharing.

Thanks for the correction.
You missed out commercial banks with PIDM, Whats PIDM rating in your opinion?

Bro, can you explain why a 15mths 4.5% FD equals to a 12 mths FD at 3.6% effective ??

Don't be so naive la...

LossAndFound already help him answer based on his understanding on per annum and effective rate.

His calculation was 12/15 x 4.5% = 3.6% hehehe...

Walau...!! you really 96 (kaulat).