Higher FD Rates In The Pipeline

The Morning Run crew gives you their take on today's business headlines:

0:33 - With the deadline to hold more stable funds under Basel III looming closer, banks are positioning to offer higher fixed deposit rates.

5:50 - Affin Bank is competing for mostly longer-term deposits to boost its net stable funding ratio to at least 100% from about 70% currently. It is looking to boost its consumer banking business.

6:40 - We also take a look at the latest auto sales figures -- that is often a good barometer of consumer sentiment. Vehicle sales dropped some 15% to 40,981 units in September. This could be due to shorter working month.

7:43 - Meanwhile, Rolls-Royce sees stronger demand for super-luxury cars in Malaysia. Rolls-Royce Motor Cars Kuala Lumpur expects demand for super-luxury automobiles will continue to be strong in Malaysia, with the domestic market having a penchant for “some of the most bespoke Rolls-Royce cars”.