Sh*t, think I better quickly go and sign my LO, else they might revise the offer upwards.

i vote consumer fear

Association of Banks welcomes cut in OPR

URL: http://biz.thestar.com.my/news/story.asp?f...48&sec=business

Maybank cuts BLR by 25 basis points

KUALA LUMPUR Malayan Banking Bhd has reduced its base lending rate by 25 basis points from 6.75% to 6.5% effective Dec 1.

URL: http://biz.thestar.com.my/news/story.asp?f...54&sec=business

So now Beban Negara can borrow at cheaper rates as well ....... what a great startegy

"consumer fear"? i dont get it. anyone mind to explain?
thx

on a slightly related matter, does this mean AS(B/W/D/xx) earnings wil go down?

Erh, if their investment in valuecap is anything to go by, then its foregone conclusion

Is it better to go for bank loan with say BLR-2% throughout tenure versus those that offer 5.2% for 5 years and BLR -2% thereafter? The key is really what will happen to the BLR in the next 5 years. What is your comment?

I think BLR-2% much better.
Just my 2 cents.
BLR might go down, but not by much, maybe 1% max, wild guess only.

No one can predict.
Take a step say 1-2 years ago...... many are commenting that fix rate of 5.5% is the way to go as economy back than was good and sales persons are showing charts that we're still at the lowest with BLR 6.75% and "predict" that BLR would increase.

But ever since sub prime issue hits and currently in global recession, everything changes. So those that had took the fix rate of 5.5% than might be cursing now as those that had a BLR - (whatever percentage) could have been the better deal.

So no one can really predict whether BLR would go up or down in the future.

If the BLR goes up, do you think most Malaysian's property owner can sustain the repayment?
Its possible that the Malaysia economy can collapse if the BLR goes up...

If BLR does go up in the future that's mean economy situation is good or economy is growing at a rapid rate, which means people have more disposal income, and more job being created, by then properties up will go up which properties owner might gain through the price appreciation, still think or worry about of sustainability of the repayment by the owner?

for the next 2-3 years you don't have to worry about BLR going up. The govt isn't going to increase BLR to further burden the current recession. You'll notice BLR going up when we have overcomed the current recession and when the economy is on the rebound.

OPR reduced to 2.5% effective immediately, SRR reduced to 2% effective on 1st Feb

src: bnm

guess i have to refinance for sure now. taking AIA package 5.75 fixed. definitely have to refinance. will c how is the offer from banks

http://biz.thestar.com.my/news/story.asp?f...18&sec=business

<< Forex loss dampens TNB quarterly results

It posts operating profit of RM942mil for first quarter

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) reported RM942.4mil in operating profit for its first quarter ended Nov 30 but after accounting for a foreign exchange (forex) loss of RM1.439bil, it ended up with a net loss of RM944.1mil for the period.>>


DannyOP,

Every time that BNM lower the BLR, RM will go down versus foreign currency. Then, you will have GLC like TNB with HUGE Foreign currency debt suffer huge FOREX loss. So, how long do you think that GLC can handle that??

TNB had a FOREX loss of RM1.439 billions in ONE QUARTER. Now, after the recent BNM's lowering of BLR, how much do you think that TNB will lose in the next quarter.

So, I will not be so confident that BLR will not go up in the next 2 to 3 years.

Dreamer

Can I say the next 4-5 years?

How does that work?


This post has been edited by wodenus: Jan 22 2009, 03:58 PM

Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 75 basis points to 2.50 percent.

izzit apply to all loan? my concern is car loan. wat interest rate is tat at 3.25%? i tot BLR at 6.xx% ?