Overnight Policy Rate (OPR) -Raised

The scheduled, 3rd Monetary Policy Commitee (MPC) Meeting of 2023, have been completed and it appears as some has expected but sooner is the inevitable rising of the OPR by 0.25%. The Overnight Policy Rate or OPR now have risen to 3%. So, expect your loans to now raise hence need to pay more. Refer…

Monetary Policy Committee (MPC) Meeting Schedule – 2023

With the looming predicted recession of 2023 coming, Malaysia among other countries is wary of such recession would impact the country or SEA in 2023. With some reports stating the country will manage to avert it due to the broad and diversity domestic economy, make no mistake that we are facing a challenging 2023 and…

BNM Clarifies On Moratorium Interest

Referring to my blog entry: Moratorium Agreement Changes, so apparently the Bank Negara Malaysia (BNM) have maintained their approach that no changes were actually made to the 6-month Moratorium Hire Purchase Loan and Fixed-rate Islamic loans when it first started. The news that the interest will be included in the moratorium caused an uproar among…

So To Defer Or Not To Defer For 6 Months?

So now that Bank Negara is allowing a 6-month grace for loan payments for both individuals and SME but me, well I'm focus more on the individual one's. So which loans they are talking about? It will have to be the two big ones which will be mortgages and hire purchase or it's cute name…

Bank Negara Six-month Grace Period For Loans

So now further initiatives are being done to ease the burden in terms of finance due to COVID-19 here in Malaysia. Due to the outbreak many lives are affected as some depend on the income they gain daily for example restaurants, roadside stalls, freelancers, contractors, part time workers and pretty much everyone who have to…