Finances

Once again, we came back to this topic again. The Fixed Deposit promotion offered by various banks lately. Since FD seems to be a form of liability to banks (because banks need to pay depositors interest rate no matter rainy or shiny days), why they still launching FD promotions? What's the rationale behind? Exposing the mystery ... Implementation of Basel series: The main objective of these series was to strengthen the existing capital and liquidity standard of banks as set and governed by Bank Negara Malaysia. With these series, banks would need to have more capital and liquidity to continue their main business in disbursing loans. So, they need our money being locked for a longer period via FD. In anticipation of higher interest rate: Yes. This is another main reason why banks offering attractive FD rate to tie up your money. Because they foresee that BNM will raise the OPR rate, hence FD rate in the future will rise in tandem. What's wrong if I offer you effective 9 month

First of all, condolences to all family members of passengers and crew members boarding the ill-fated flight MH17. This is a tragic all of us also don't want or expecting it to happen. Justice must be found and those responsible for this tragedy must be punished. Come back to the question. Does this MH17 event covered by insurance ? For MH370 flight which went missing few months ago, insurance companies were already paying out monies to beneficiaries of those passengers involved within one month. However, this may not be the case for MH17, said industry practitioners as reported in China Press Daily. Unlike MH370 which was still missing, what causing the mishap of MH17 was due to violence or war . According to insurance industry experts, if MH17 was confirmed being shot down by missiles, insurance companies can discharge their responsibilities to pay the claim. Because under the insurance contract's terms and conditions, whatever risks related to war will be excluded. Is this t

It was so hot that it appeared in major daily newspaper recently on this YSLM scheme . After a brief checked on it, there are a few funny facts that come across Finance Malaysia mind. For a mere RM300 , anyone can start to jump into this so-called business (business of get conned and conning people?). Let's have a read below: The " Future Richest Person in the World" !!! This would be one of the funniest advertisement in the world. Yes. The founder successfully garner the interest of public and now the authorities as well. Lol. Although he may not become the richest person, he already become the " shameless " person, at least, in Malaysia currently. How to describe him? Brave or over-confident? Did anyone seen Li Ka Shing called himself the "future" richest Chinese before he really achieve it? People or Product oriented scheme? For RM300, you can join them as member and every member he recruits, he will be paid RM50 per person until the 6th level. Be