Category: Malaysian economy and BNM
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Maybe even lower home loan rates and lower fixed deposit rates this year.
It was a surprise for many when Bank Negara Malaysia (BNM) reduced the Overnight Policy Rate (OPR) recently. Article here: Yeah, lower mortgage rates, Oops, lower FD rates too It’s loved by many home buyers and yet it’s not a good news at all for those with lots of fixed deposits (FD in banks. While…
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GDP forecast stays despite coronavirus. Stimulus can be later if needed.
Malaysia’s GDP growth for 2019 is expected to be 4.7%. This is a good number yeah. For 2020, our Finance Minister Lim Guan Eng had earlier announced that the projection is for 4.8%. This is also considered a very good number but there has been many other predictions by others and the number of 4.8%…
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Property market from property developers’ results.
The banks can only earn good profits if people continue to borrow and is able to pay back on time. If the borrowers did not pay back on time, then the Non Performing Loans will go up and the banks will have to allocate more of their funds for this purpose. If the banks are…
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As long as you love, that’s the best yeah. Does not mean your life is better than mine. 🙂
Do I love to go holidaying in some exotic beaches where the view is spectacular? YES. Would I love to stay in my own property in some advanced cities in some advanced countries? YES. However, I would not want to be staying by the beach for 365 days a year, regardless of how spectacular the…
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OPR is for the economy. It’s not for property, ok?
A good friend who’s a property investor said that with the Overnight Policy Rate (OPR) rate down, this will spur the property market. This was the earlier article: Lower mortgage rates, lower FD rates loh. While I cannot say I totally disagree with her statement but I have to say that the OPR adjustment downwards…
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Yeah! Lower mortgage rates. Oops… Lower FD rates too… What happened?
It’s just been announced. Here’s the Bank Negara Malaysia (BNM) website for the full announcement. Briefly, these are what BNM is saying with this reduction in Overnight Policy Rate (OPR). Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 2.75 percent. The ceiling and floor rates of…
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Mergers usually will mean duplication of roles. It’s more important to…
Throughout the world, most of the time when a merger happens between two companies, there are bound to be duplication of roles. There cannot be two head of departments for the same department. One would have to be the deputy head moving forward or one of the two may choose to leave instead. Every company…
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2020’s gloomy outlook for global economic growth. Really so bad?
Remember yeah, predictions are just predictions even if it uses a lot of real numbers based on historical and the current momentum for example. Sentiment could change anytime during the year from negative to positive or from positive to negative. Very real example? World Trade ‘war’ between the two largest economies could continue suddenly even…