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 BNM Cut Rate Again But Not Benefit For New Loan, BNM Cut Rate Again But Not Benefit For N

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icemanfx
post Mar 7 2020, 08:13 AM

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QUOTE(ManutdGiggs @ Mar 7 2020, 07:58 AM)
The normal loan rate now should b 3.65% for existing loan

New loan for gd payor stil around tis rate
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Some claimed current economy slowed down could be worse than 1997 AFC.

This post has been edited by icemanfx: Mar 7 2020, 08:13 AM
icemanfx
post Mar 7 2020, 12:24 PM

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QUOTE(ManutdGiggs @ Mar 7 2020, 09:10 AM)
Some mentioned tis b4 last round. Dementia???
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In first round of bnm rate cut, covid 19 wasn't a consideration. Loan interest rate cut is unlikely to mitigate supply chain interruption in the short term.

QUOTE(ManutdGiggs @ Mar 7 2020, 10:43 AM)
Few banks. Try 1 by 1. 😉

user posted image
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Typical of "for me to know, for you to find out". Answer is same as no answer.
icemanfx
post Mar 7 2020, 12:43 PM

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QUOTE(Zwean @ Mar 7 2020, 12:37 PM)
Ironic.......
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According to some beans counters; if current market sentiment persists for a few more months, many stretched companies may not survive.

This post has been edited by icemanfx: Mar 7 2020, 12:44 PM
icemanfx
post Mar 7 2020, 01:53 PM

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QUOTE(ManutdGiggs @ Mar 7 2020, 01:01 PM)
Why not choose to b the outstanding one tat survives🤔
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Easier said than done especially those highly leverage/geared.

poorperly is illiquid, it could take longer than expected to liquidate to adjust. only those prepared before the crisis could escape with less damage or injury.

QUOTE(DisneyHome @ Mar 7 2020, 01:11 PM)
PAS urges merger of Malaysian banks to address liquidity concerns
(Ahmad Naqib Idris / theedgemarkets.com March 06, 2020 11:41 am +08)
KUALA LUMPUR (March 6): PAS central economic, real estate and entrepreneur development committee vice-chairman Mazli Noor has urged for the consideration of a merger of banks to address liquidity concerns in the nation’s financial system.

https://www.theedgemarkets.com/article/pas-...uidity-concerns

shocking.gif  shocking.gif
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Banks merger could mean the weaker party is stretched. some well known developers could fold from heavy debts.

This post has been edited by icemanfx: Mar 7 2020, 02:27 PM
icemanfx
post Mar 7 2020, 02:57 PM

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QUOTE(ZeneticX @ Mar 7 2020, 02:53 PM)
So conclusion if i wanna buy for own stay this year, should i proceed or no?
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Economic recession has little or no effect on gomen servants.


This post has been edited by icemanfx: Mar 7 2020, 02:58 PM
icemanfx
post Mar 7 2020, 04:14 PM

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QUOTE(ManutdGiggs @ Mar 7 2020, 03:44 PM)
Why u alwiz choose to b the kantoi species 😂😂😂

U hav a choice. Noone force u to lose money wan. The rest leave it to god.

Further to tat u r 9 st ahead of any1 here how can u fail??? 🤔
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Until you are out from your coconut shell, your world is the coconut shell.
icemanfx
post Mar 7 2020, 04:42 PM

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QUOTE(ManutdGiggs @ Mar 7 2020, 04:29 PM)
Until u r the expert in 1 particular field then u ll know how to handle

It's experience so to say 😊😉

Well I oso salute n respect ur con job well done in sucking the money fr ur naive clients. But 1 thg I failed to und. Wats the different between fund con job n prop guru skl??? 9 st ahead sifu pls enlighten 😘

Tqtq
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As said many times, until you are out from your coconut shell, your world is the coconut shell.
icemanfx
post Mar 7 2020, 05:21 PM

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QUOTE(Zwean @ Mar 7 2020, 05:08 PM)
Don’t bother. No references.

Just repeating same thing over and over again.
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Facts remain unchanged e.g overhang.

This post has been edited by icemanfx: Mar 7 2020, 05:21 PM
icemanfx
post Mar 7 2020, 05:34 PM

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QUOTE(ManutdGiggs @ Mar 7 2020, 05:23 PM)
Different skill set makes the difference 😊
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One could only defy or ignore reality, gravity, long term economic equilibrium, the law of supply and demand temporary.
icemanfx
post Mar 7 2020, 05:52 PM

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QUOTE(ManutdGiggs @ Mar 7 2020, 05:40 PM)
Meaning u hav no idea where to look for success???

One whole big round the botanical garden but stil lppl😂😂😂
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As said many times, until you are out from the coconut shell, your world is the coconut shell.
icemanfx
post Mar 8 2020, 10:34 PM

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Prime residential properties in KL are expected to record a decrease in value of up to -1.9% or zero growth for 2020.

KL recorded a 1% fall in capital value on the back of oversupply following a rise in the number of residential developments over the past few years.

According to the report, Dubai and KL recorded the largest rental falls over the year, with -5% and -4.1% respectively.

https://www.edgeprop.my/content/1656876/klâ...s-cheapest-2019

icemanfx
post Mar 11 2020, 04:44 PM

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QUOTE(blackie19 @ Mar 11 2020, 04:13 PM)
My EIR for RHB mortgage loan now is 3.75%, wondering if it's worthwhile to refinance to try to chase that magical 3.65% interest rate?
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How much saving on 0.1% p.a. vs legal fees?
icemanfx
post Apr 24 2020, 12:02 AM

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QUOTE(ManutdGiggs @ Apr 23 2020, 10:51 PM)
Well u know la some ppl need to just boast to show ppl how gd they r. Tis kinda species r usually hav low self confidence n usually vely racist cos living in own world cheating own species n alwiz onli know a new way to blame ppl.

Oh yeah some guessed it rite. Tat kinda ppl r like trump. Or r they all trump???

U just dun c bill Gates tok shit like trump rite??? But tis self claimed hensum skl is. 😊
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BBB/uuu were not much different during the bull run.
icemanfx
post Apr 27 2020, 02:25 AM

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QUOTE(jassicaskylpm @ Apr 27 2020, 12:33 AM)
Faizul keep it up the good work!!!

I like your knowledge sharing in FB.

Don’t care about the haters . Your sharing is very good

Knowledgeable  notworthy.gif

I m a fans of you and Milan Doshi blush.gif
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During gold, BTC, cbj, poorperly, etc bull run, different in opinion was called hater and we all know where they ended; similarly for faizul and herd members.
icemanfx
post Apr 27 2020, 07:18 AM

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QUOTE(forever1979 @ Apr 27 2020, 05:19 AM)
cuts in interest helps most men on the street but on the other hand more and more people income has been impacted during these period...

another cut in may is expected. at  least 50 basis point, most economists anticipate
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Low bank interest rate encourage unproductive investment e.g residence and excessive spending, erode purchasing power and weaken MYR/USD Forex rate.

This post has been edited by icemanfx: Apr 27 2020, 07:19 AM
icemanfx
post Apr 27 2020, 07:07 PM

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QUOTE(jassicaskylpm @ Apr 27 2020, 06:46 PM)
Support low interest rate that allow more consumer money flow back to market .
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Low or near zero interest rate in japan for many years didn't increase consumer spending nor rise in property price.

before mco, consumers spending already suffered from overpriced property for the last few years and unlikely to rise in time of uncertainty.

This post has been edited by icemanfx: Apr 27 2020, 07:29 PM
icemanfx
post Apr 27 2020, 07:34 PM

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QUOTE(jassicaskylpm @ Apr 27 2020, 07:29 PM)
I not sure about their spending then, I don’t stay at Japan, do you?
Japan property couldn’t go up due to earthquakes
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Data is available.

If earthquakes is the reason why japan property couldn't rise, how to explain drastic price rise in late 1980's?

This post has been edited by icemanfx: Apr 27 2020, 07:34 PM
icemanfx
post Apr 27 2020, 07:35 PM

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QUOTE(Zwean @ Apr 27 2020, 07:31 PM)
Japan is a totally different case study.

Just look at the period leading up to the 92 crash.
Not applicable as a yardstick.

user posted image
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After >20 years, price is still substantially below the peak. will this occur in boleh land?

This post has been edited by icemanfx: Apr 27 2020, 07:39 PM
icemanfx
post Apr 27 2020, 07:45 PM

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QUOTE(Zwean @ Apr 27 2020, 07:39 PM)
That is not the point I was trying to make.

But you do you.
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There are a few similarity between Japan and bolehland property market and economic policy. Bolehland property is likely to track Japan trend with smaller magnitude.
icemanfx
post Apr 27 2020, 08:15 PM

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QUOTE(Zwean @ Apr 27 2020, 07:46 PM)
Sure.

Why don't you list then down and give us an in depth analysis to back up your claim?

I'm sure we can learn from you.
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How could sifu learn from a lowly student.

QUOTE(jassicaskylpm @ Apr 27 2020, 07:51 PM)
Oh I see , a 100 year multigeneration loan in Japan is same like us  . That’s a good compare smile.gif
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If 100 year loan tenure couldn't spur property prise, what's more 30 years tenure?

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