Any short term (up to 1 mth) investments to recommend?

Off the top of my head for one month investment, it would be FCFD - USD Foreign Currency Fixed Deposit.

Will it ?

Finally, if 1MDB truly gets re-capitalized and all assets are disposed-off eventually and all debts paid-up, the RM will re-strengthen to 3.80 vs the USD ?

I heard foreign parties bid more than Tenaga for Edra Global Energy assets.

Qatar’s Nebras Power QSC even considering to JV bid with China General Nuclear Power Corp.

Frankly, I would prefer that 1MDB offloads this asset to a foreign body, not to our TNB. Divesting 'back' to our own TNB may invite suspicions from external parties that this could be another left pocket to right pocket type of financial 'trick', which, well,....could be so ?

If suspicions arise, then the RM can never strengthen.

but got one problem. foreign parties can own 49% only.. if they managed to get some "special permission" from gomen to own more, then good leh

Wat is the indicative returns pa?

I'll just quote for Maybank Sgp,... one-month, 10K USD till 99.99K USD yields 0.1000% per annum. Minimum 100K USD yields 0.1500% per annum.

https://sslsecure.maybank.com.sg/cgi-bin/mb...te.jsp#iSAVvytd

If you're keeping in Msia, my previous experiences tell me the rates are better at Public Bank. Don't know now,...

Problem then... no way for a 49% holding to be able to cover the debts owed by 1MDB to the lenders,.... Still 1MDB may need to look for a local purchaser.

"Invisible hand" will utilize tis news to push up MYR which will attract herd mentality

as we all know, 1MDB really needed the money. and they need to maximized their asset sales price.

so I guess Jibby aka relevant department would give approval for the foreign parties to own more than 49%

Finally broke 4.30 to 4.3078. Moving towards 4.40 in tandem with weak oil price?

This thread has been very quiet compare to previously.

It could be everyone here are holding USD and hope it goes to 5.00

Now that it went opposite, we all gone quiet

1.00 USD = 4.31013 MYR

The price has been hovering around 4.20-4.30 for quite some time. Nothing exciting. Perhaps now is the time to trend upwards towards 4.40 or resistant remains and will settle around 4.28 level?

Could it be due to Yellen remark of 'live possibility' of rate hike in Dec,

Yellen comment

yes, and i think it will stay there: 4.25-4.35. for now.

becos locally, nothing has changed - the politics, the threats, the plundering, the handouts, the budget deficit, the debt levels... all still there. there is nothing that will strengthen the rm. and if u read between the lines of what a couple of ministers are saying, u know gdp growth will slow, will be below expectations. consumer spending sentiment is poor:
http://www.cnbc.com/2015/11/04/weak-ringgi...sen-survey.html

yellen remarks plus volatile crude prices.

crude price swings of 3-6% everyday in the last few days does not help the rm.

This post has been edited by AVFAN: Nov 5 2015, 02:12 PM

Glad to c it cross 4.30 mark

lol went back below 4.30

1.00 USD = 4.29932 MYR