Author: Charles Tan
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Not a ‘business as usual’ solution. Kickstart with fiscal injection.
The RM250 billion stimulus was announced yesterday. Article here. The discussion has already started in FB. Some say thank you. Some say it’s not enough. Some say it should be more detailed. Some say where is the money going to come from? Well, how about just hear what the Finance Minister Tengku Datuk Seri Zafrul…
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There’s silver lining within the global pandemic for the logistics sector.
News release by Knight Frank Malaysia: Logistics Sector: Silver Lining behind the Global Pandemic 28 March 2020, Malaysia – The coronavirus (COVID-19) pandemic is sending global economies, including Malaysia’s, reeling. Hospitality, tourism and aviation related segments are being hit the hardest evident by cancellations of flights, tour packages and hotel bookings following international travel restrictions…
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Yeah, let’s start moving for lower rental, no?
How many of us are thinking of moving for lower rental. After all people say it is now the tenants’ market, no longer the home owner’s market. Property rental is a better determinant of property price. Earlier article here: Price too high, rental too low, demand slows. Many years ago, it’s possible to get positive…
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A RM250 billion stimulus for Malaysia due to COVID-19. Details here (in English)
Yes, the second stimulus package is RM250 billion. The first one was RM20 billion announced earlier. (article here) It’s called Pakej Rangsangan Ekonomi Prihatin Rakyat (PRIHATIN) Within this RM250 billion package, nearly RM128 billion will be for the welfare of the people, RM100 billion for the business including SMEs and RM2 billion to improve the…
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Do you like to earn 1% interest per annum for your savings? Or lower?
I admit, this is a trick question. I could have asked would you like to earn 10% interest per annum for your savings too. Just note that when we get an annual return of 1%, of course the rates for our home loans will also be low as well. It may just be 2% or…
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Press Release: SUNWAY GROUP COMMITS RM34 MILLION TO COMBAT COVID-19
SUNWAY GROUP COMMITS RM34 MILLION TO COMBAT COVID-19 RM 1 million donation to national COVID-19 fund and RM 300,000 contribution to Yayasan Kebajikan Negara to aid B40 beneficiaries nationwide Sunway Healthcare to take in non-COVID-19 cases from MOH and UMMC hospitals; up to RM12 million to cover the cost of subsidising treatment for public patients;…
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Sufficient liquidity in the banking system. Monitoring also in place.
This has happened: BNM’s 6 months moratorium on loans for businesses and Malaysianns. So, yes, it is still a hot topic at the moment and many questions were also asked. This was asked to me too, “Could I get a 100% home loan” since Bank Negara Malaysia (BNM) has eased the financial approval requirements? The…
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Frequently Asked Questions on Loan/Financing Deferment Measure. (moratorium of 6 months)
If you have a loan currently and you like to know what happens with the loan since there’s now a moratorium on all business and personal bank loans for 6 months beginning April 2020, the below is the FAQ by Bank Negara Malaysia (BNM). You may click here for the pdf copy in BNM or…
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When you need to sell, you will sell. Agree?
It’s so hard to ask someone who loves his home and is still staying in it to sell his home. It’s even harder to ask him to sell it for lower than the price he bought. He is happy there and he does NOT care what state of the property market it is today. Well,…
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BNM: 6 months moratorium on all bank loans (except credit card balances)
Just in case you still did not receive this via Whatsapp and you forgotten to login to Facebook and for some of us who have never listened to the news on tv today, here’s a big news for Malaysia from our Bank Negara Malaysia (BNM). It’s now an automatic six-month moratorium on all bank loans…
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When the mind is not ready for property.
What was I worried about just 14 days ago? I could not remember, maybe it was the fact that my weight was increasing again and I was still eating heavy dinners. What do I worry now? My increasing weight is now secondary. The main thing on my mind is the number of new COVID-19 infections.…