''When approaching retirement age, It could be to late to some of us to realize our planned dream retirement....For some its the time most awaited to sit, relax and enjoy the fruits of labor for 30-35 years of hard works while most starting to worry.....''
Unavoidable topic for everyone............
Please share your Dream On Your Retirement...........together we Realized the Sweet Dream
Tuesday, July 20, 2010
Friday, July 16, 2010
10.1% GDP for the 1stQ 2010 & impact on commoner
8th July 2010 : Changed announced on OPR by BNM subsequently effect on major local banking Base Lending Rate (BLR) increased by 25bp = 6.30%. Thus increase cost of borrowing to commoner while bit relief for saver.
Why? I believe the major reasons due to recent report on our GDP shows decade record high at 10.1%. Effect from strong domestic economy in the 1stQtr 2010 & to control inflation pace.
Domestic inflation recorded modest increases in April and May, mostly on account of supply factors. Prices are expected to rise at a gradual pace in the coming months, in line with the continued improvement in domestic economic conditions, and taking into account possible adjustments in administered prices.Mostly to control inflationary rate and stabilize the lending and saving rate (BNM). Thanks to the faster world economy on going recovery (faster than expected despite this 2ndQtr 2010 some 'debt' European crisis)
Major effect on commoner:-
1)Debtor-Increase in debt repayment or potentially expand on loan repayment tenure
2)saver- enjoy better saving rate (good for those rely on saving, retiree,debt free man)
Overall, shows that our country already step out from Global Financial Crisis started 3rdQ2008.
Why? I believe the major reasons due to recent report on our GDP shows decade record high at 10.1%. Effect from strong domestic economy in the 1stQtr 2010 & to control inflation pace.
Domestic inflation recorded modest increases in April and May, mostly on account of supply factors. Prices are expected to rise at a gradual pace in the coming months, in line with the continued improvement in domestic economic conditions, and taking into account possible adjustments in administered prices.Mostly to control inflationary rate and stabilize the lending and saving rate (BNM). Thanks to the faster world economy on going recovery (faster than expected despite this 2ndQtr 2010 some 'debt' European crisis)
Major effect on commoner:-
1)Debtor-Increase in debt repayment or potentially expand on loan repayment tenure
2)saver- enjoy better saving rate (good for those rely on saving, retiree,debt free man)
Overall, shows that our country already step out from Global Financial Crisis started 3rdQ2008.
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