Should you buy a property now?
Our Malaysia government recently came out with the Mini Budget which encourages people to buy properties. These properties are not meant for rental though. If you’re a property investor who wants to buy a property and rent it out, then you are not eligible for this tax deduction incentive. Anyway, a few friends of mine [...]
Is it still worth it to put your money into Fixed Deposits?
In my recent post about Fixed Deposit (FD) rates in Malaysia, I couldn’t help but noticed that the rates are pretty similar from one bank to the other. All of them have very very low rates ranging from 2% to 2.5%. So for example, you put in RM 5000, which is the minimum required for [...]
Fixed Deposit (FD) rates of banks in Malaysia (March 09)
In January, I posted a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Since then, our Bank Negara (Central Bank) has reduced the interest rates twice. Thus the changes are quite major. Bank 1 month 3 months 6 months 9 months 12 months Affin Bank 2.00 2.10 2.20 2.30 2.50 [...]
Malaysia’s economy is not good at all
I went back to my hometown Kluang for Chinese New Year break and I’ve noticed a lot of businesses were doing rather badly…even during CNY season. People are cutting down on their spending (not the rich ones of course, since they’re still buying posh cars, properties, etc). My neighbor who is a fish monger, told [...]
Fixed Deposit (FD) rates of banks in Malaysia (Jan 09)
I’ve posted 2 articles on the Fixed Deposit (FD) rates of the banks in Malaysia before – Fixed Deposit rates of different local banks and List of Fixed Deposit rates for foreign banks. I figure that this topic is quite important so I’ve decided to continue posting updates on the FD rates of the banks [...]