This is a simple Overdraft (OD) calculator to calculate your OD interest for 1 month based on your daily outstanding balance. I’ve put example of data and comment and its up to you to change it.

Download it now from here => Overdraft Calculator

Popularity: 1% [?]

See what’s our Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz says about Malaysians strenghts. Below are the most interesting part.

If we were compare the current economic condition to that of the previous crisis, how bad is it for Malaysia and globally?

We need to separate the two. We are not in a recession and we don’t expect to be in one. Half the world will likely be in a recession. We are the other part that expects to still see growth because there are real economic activities happening.

You have to make a distinction between the stage and crisis. In our case, we took action very early so there is the potential for containing the severity of the crisis.

Last year was a very good year for the economic and capital markets. We had significant inflows. We saw a build-up of our reserves to more than US$120bil and our exchange rate had appreciated sharply to RM3.15.

What is the maximum amount that can go out under short term flows?

We are able to absorb because our reserves were so high. As a country, we never needed the reserves that we had, except to act as buffer

Do you have a comfortable level for the amount for reserves?

No. We did a study once that looked at the optimal level of reserves at US$30bil to US$40bil. Our reserves are three to four times that amount.

Popularity: 2% [?]

November 15, 2008

Eurozone in recession, more pain for the US

NEW YORK/LONDON: Europe officially fell into recession yesterday and the US economy suffered further blows as world leaders headed to Washington to address the worst financial crisis in 80 years.

U.S. economy has entered or will soon enter a period of recession.

November 18, 2008

Recession hits Japan

TOKYO: Japan has slipped into recession for the first time in seven years as the global financial crisis mauls its export-dependent economy, official data showed yesterday.

So what about Malaysia? Do you aware of? Or you’re not even care about it…for those who care, we’re actually not that bad as what happening in Europe and US…Bank Negara seems did the preparation very well. Wait for my next post to know why Malaysia unlikely to go into recession.

Source: Business Times Online

Popularity: 6% [?]

In previous post, “Will BLR goes down too? “, there was a note that OPR (Overnight Policy Rate) determines a BLR (Base Lending Rate). How to explain this?

Read below and I hope you could find the answer.

The Overnight Policy Rate
The Overnight Policy Rate (OPR) will be the indicator of the monetary policy stance. The OPR will have a dual role – as a signalling device to indicate the monetary policy stance and as a target rate for the day-to-day liquidity operations of the Central Bank. Any change in the monetary policy stance would be signalled by a change in the OPR. It will serve as the primary reference rate in determining other market rates. To reflect the unchanged stance of monetary policy, the OPR will be set at the current interbank overnight rate of 2.70%. (Currently is 3.5%)

…..Click here to read more

Popularity: 7% [?]

Malaysia will reduce the prices of petrol and diesel by 15 sen a litre from today’s midnight.

The new prices for RON97 petrol is RM2 a litre, RON92 RM1.90 a litre and diesel RM1.90 a litre.

Current crude oil’s price is $55/barrel.

Popularity: 6% [?]

If what I highlighted below is true, “The OPR determines a bank’s lending rates.“, then we would get lower BLR soon….hopefully

*************************************************************************

Business Times Online, November 13, 2008

Bank Negara may cut key rate: JPMorgan

Bank Negara Malaysia may cut the benchmark interest rate for the first time in 30 months, joining policymakers around the region in easing borrowing costs to boost flagging economies.

JPMorgan, in a report this week, said a rate cut could be sooner-than-expected, to reflect a combination of slowing external and domestic demand, which has weighed on consumer spending.

Malaysia’s industrial production contracted in September for the first time since March 2007, and is expected to continue to be sluggish given its exposure to the global growth cycle.

The wider-than-expected contraction has also weakened the ringgit against the US dollar.
…..Click here to read more

Popularity: 13% [?]