Higher FD Rates In The Pipeline
The Morning Run Crew
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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”.
Presented by: Joyce Goh , Khoo Hsu Chuang , Sharaad Kuttan
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Tags: Fixed deposits, deposits, interest rates, OPR