you are indeed very sharp
am thinking of opening a FCFD a/c and just googled a few

PBB 4.5% (1m) to 5.3% (12mths)
HLE 4.45% (1m) to 5.25% (12m)
CIMB 4.25% (1m) to 5.1% (12m)

Even PBB forex rate is marginally cheaper
Do you or anyone else see better deal than PBB FCFD ???
Thanks in advanced

This post has been edited by Muliku: May 22 2010, 10:04 PM

FCFD

Just called PBB and found out that upon maturity convert to MYR cash at same rate when putting in deposit. So only benefit is the palatable AUD interest rates of 4.5% to 5.3% for the different mths.

Anyone got deal that takes advantage of both interest rate and forex rate??

Or can anyone advise best way to leverage strong MYR? Buy bank draft in AUD/GBP now & cash 1/3/6/12mths later?

Thanks again

This post has been edited by Muliku: May 24 2010, 09:40 AM

Miles, thanks
just called PBB again and now advised (by a different person) that upon maturity convert to MYR cash at prevalent forex rates. this is cool.
for investment purposes, what is the best tenure 1/3/6/12mths?
thanks

guys
imho my as an export based country is losing it's "marbles" aka competitive edge to neighbouring countries one by one have catchup and overtook her, some have even taken a leap farther away whilst others like vietnam are catching up damn fast; we have relinquished #1 producer of rubber, tin and palm oil even our FCPO exchange will soon be challenged just hope authorities have the strategic vision and take concrete remedial actions to prevent that eventuality.
think fdi would flow into countries that are labour cost competitive, productive, meritocracy and fdi friendly.
2.6x most unlikely, 2.9x possible although recently i read an analyst forecast of 3.0x by end 3Q and to re-bounce based on historical trend
happy investing

This post has been edited by Muliku: Aug 21 2010, 05:31 PM