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.

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.

Good evening to all.

I was thinking of doing the above earlier, until the risk factors of the ASX Funds were unearthed. So, I decided to sell half of my ASX holdings and kept my foreign currencies overseas.

Well,... investing overseas is not all a bed of roses too. First REIT is a very good example. I used to say : 'never wrong with First REIT',... because I have done ALL the homework, and I know all the internal information with the managers. But who could have ever guessed that since the REIT is so good, the Indon Gov't might want to take it back home.

SREITs have their risks too. When the SP is not good, it gets delisted (Saizen REIT). When the SP is very healthy, it get 'SHIFTED'.

Now have to start looking for another vehicle again to put my funds into.

I will convert one-third into the SGD and invest into the SGX and into the other new vehicle.

I will convert another third into the USD and invest into USD-denominated High-Yield Bonds Funds with the underlyings of US-based companies.

I will convert the last third into the Euros and invest into Euro-denominated High-Yield Bonds Funds with the underlyings of Europe-based companies.

Not in an absolute sense, of course,... but ratio-wise in larger amounts,... Will not qualify for best rates if converting only RM17K each into the SGD, USD and Euro....

Looks to me like the windows for buying foreign currencies are always very small. The last time I had a chance to plough-in was during the weekend immediately after the budget ann't.. I managed to catch the SGD and the USD. SGD - recalled caught around 3.02,...

After that, don't seemed to be able to catch anymore...

If auntie backs down from rate hike messages, then the RM will strengthen a bit. If oil price swings-up a bit, RM will strengthen.

If any 1MDB asset is divested at a good price, the RM will strengthen a bit.

Hi Cherroy,... with the impending rate hikes from the US, loan rates are going-up in the republic. I see that these hiking loan rates are slowly translating into increasing FD rates too. By the time when Ms Yellen truely hikes the Fed rate, I suspect the MAS will encourage higher FD rates across the board in the Sgp Banks.

Wow,... so many are confident abt the republic (me included, I believed I was one of the first to signal out in this forum of the everlasting strength of the SGD throughout the years).

However, as in everything, will Sgp ever fall due to any reason,... and the SGD depreciates badly ?

Perhaps we should be talking in numerical terms. Even if the RM should strengthen a bit,... I don't carry too much confidence that it will drop bck to 3.8. What we can hope for is the occasional downspikes in the USDMYR forus to buy-in more of the foreign currencies.

And in the longer run,... I, for one, will be hoping for the MYR to weaken against the SGD and the USD, of course.... otherwise, ha,... we have wasted all our time and braincells doing all these overseas investments and what nought,...

It would be better for us to start pulling strings to invest into ASX,...

Cannot stay away too much,... staying-away is akin to doing something negatively.

Nowhere to put while waiting for Auntie Yellen to scare the mkt further....

Yeah,... perhaps, in the recent general election, I was watching it closely... similar instincts, I suppose. I was even there to watch it close enough.

I shared a joke with the voters - in the Sgp election, when a bus ferrying voters approaches, there is no problem. But in MY, if a bus is seen ferrying voters approaches, people will start to threaten the voters from disembarking from the bus....

The Sgp voters did not understand my joke.

Yeah,... I supposed so, anyway,... that church pastor still got indicted b the Gov't, even if the followers did not agree to it. The wife got away though,...

Don't know how long to wait before can start to convert more RM into the SGD and the USD, since the RM is strengthening now.

So,... the window to convert is there now,...a big, big windown,.....

China committed to buying MGS Bonds ? The Asean Mtg in KL started last week,... RM started strengthening last week. Around the same time,....

Committed but has not started to buy yet.... the mkt is pricing-in a surety that China will start to buy SOON.