Bbgoat and BCC called and said Rm50k is additional 0.05%, RM100k is additional 0.1%. But you said they just called and get 0.15%.Wonder where does this 0.15% come from? Adding up. 0.05 and 0.1?

"(hence they are bored), a good vendor comes in and cheers them up..." since when did our status change to vendor to the bank?

This post has been edited by gsc: Aug 22 2015, 04:14 AM

Big pressure.....Before I hit reply, I need to watch out on the clock...big brothers are watching.....BCC thanks for your advice on liver resting time...

Money supply in the market is determined by the BNM monetary policy. The tool to manipulate money supply is the interest rate. Generally, interest rate will be lowered if there is a gloomy sendiment in the market. If inflatiion is going up due to demand pull, BNM will then increase the interest rate to tighten the money supply.

With GST and decrepciatiin of RM, we will be seeing a cost push inflation, general price level going up, economic growth GDP is slowing down as reported recently. unemployment rate will be going up, hence lower consumption. This will reduce the agregate demand Theoretically BNM will need to lower the interest rate to increase the money supply in the market to boost the economy. In view of the uncertainty on FED action to increase the interest rate, my guess is BNM will still hold onto the interest rate in Sept month to monitor the effect of RM depreciation, the Chinese Yuan devaluation effect...in the next 3-6 months, my guess is the rate will be going down.


This post has been edited by gsc: Aug 26 2015, 01:52 AM

Q2 report wasnt good. GDP is going down to 4.9% from 5.6% in Q1. World Bank has revised downwards the GDP forecast. In June (Q2) the exchange rate wasnt that bad compare to current exchange rate which is getting worse.

USA is holding on the rate increase to confirm the recovery is real. Thus BNM may not need to worry about money outflow...anyway foreign funds are already pulled out...that explained also the exchange rate is getting worse...

GDP is made up of private consumption, industry investment, government spending and net export. All these compoents are decreasing in Q2. With weak consumer sendiment, lower oil price which hurt Petronas badly and hence lower tax revenue for the government. The fiscal policy to increase government spending is tough because next year will be lower tax revenue collection...even with GST revenue but past record of poor money management, nobody can guarantee the GST money will be used wisely..

Increase rate with burden the firms investment on capital goods and will reduce further the GDP. Budget is around the corner and it would be interesting to know what will be government economic policy.


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The Stars is giving away 400 pcs of luggage if a person places a FD min. RM60k for 9 months at 4.1% at Ocbc. Need to sms first to register. I was told by Ocbc staff today. FD placement has to be made on Monday and Wednesday...for detail please refer to The Star Ad.

Overlook one mature FD at RHB. Surprisingly the bank does not accept cheque and cash combination for FD placement. Well, they are pushing the customer away to next door Ocbc.

When you said NO to your customer, you are telling your customers go to your competitors

Thanks for your valuable feedback on trusavers. I opened the account last month. Still havent place any money in it coz I was thinking of Ocbc esaver which gives 4% interest.

It seems that Ocbc playing the trick to get FD. Beginning of Sept promo, for first 400 customers, free lugaage for Rm60k placement. Did not bother to register coz only first 400 customers eligible...

Still waiting for the Hugo Boss pen ..

I missed out the maturity date and the board rate given on my renewed FD was only 3.45%. Went to the counter to withdraw and top up with cheque. RHB said no combination of cash and cheque. Withdraw all and deposit into another bank. This happen about two weeks ago and the 9 month rate is 4.1% as officially published.

True.. I took up Public bank BRIC fund, capital gurantee...think after 3+ years only get full capital back plus I think only first year miserable return...