BR & BLR – Update on November 2016

Since the Central Bank of Malaysia Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00%, BR and BLR of banks in Malaysia should be remained unchanged.

Continue reading BR & BLR – Update on November 2016

Bank Negara Malaysia decided to maintain the OPR at 3%

At the Monetary Policy Committee (MPC) meeting on 23rd November 2016, Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3.00%.

below is the press release from BNM

The global economy continued to grow at a moderate pace. Economic activity in major advanced economies has improved but remains moderate. In Asia, growth has been supported by domestic demand amid persistent weakness in the external sector. Looking ahead, the baseline estimate is for global growth to improve slightly in 2017. The prospect of a shift towards progressive use of fiscal policy in the developed economies could lead to a more balanced policy environment that would support growth going forward. Nevertheless there is uncertainty arising from risks of protectionism and financial market volatility. Heightened financial market volatility in recent weeks has had an adverse effect on various asset classes, exchange rates and yields across many emerging economies. Global financial market conditions are likely to be susceptible to policy and market developments.

The domestic economy continued to expand in the third quarter of the year, driven mainly by private sector activity with some support from net exports. Going forward, private sector activity will remain the key driver of growth. Private consumption is expected to be sustained by continued wage and employment growth, with additional support from Government measures to increase disposable income. Investment activity, although moderating, will be supported by on-going infrastructure investments and capital expenditure in the manufacturing and services sectors. On the external front, exports are expected to expand but will be constrained by soft demand from Malaysia’s key trading partners. Overall, the domestic economy remains on track to expand as projected in 2016 and 2017. Continue reading Bank Negara Malaysia decided to maintain the OPR at 3%

8% Cash Back – Maybank Islamic PETRONAS Ikhwan Visa Credit Card

Maybank Islamic PETRONAS Ikhwan Visa Credit Card is one of the best petrol cash back credit card since it revised their terms and condition from treatpoints to cash back effective 1st November 2016. It give up to 8% of cash back on Petronas spending.

maybank-petronas-ikhwan-visa

Unlike Standard Chartered and other banks that imposed many limitation, Maybank Islamic PETRONAS Ikhwan Visa Credit Card condition is very easy to achieve for 8% cash back.

Every Ringgit Spent Petronas Others*
Weekend (Saturday & Sunday) 8% 1 TreatPoint
Weekday (Monday to Friday) 1% 1 TreatPoint

*excluded Government Bodies, PETRONAS service stations and other petrol stations

All you have to do is pumping petrol at Petronas station during weekend, and you can get 8% cash back, capped on RM 50 Continue reading 8% Cash Back – Maybank Islamic PETRONAS Ikhwan Visa Credit Card

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