Excellentte Consultancy financial planner Jeremy Tan said: “ There are no alternatives to FDs since it gives an almost risk-free return, which no other asset classes can give out.”
PETALING JAYA: The returns on fixed deposit appears to be diminishing, given the current low interest rate environment in Malaysia.
This will put net savers at a disadvantageous position, even when the government is trying to spur more spending to boost the economy amid the raging Covid-19 pandemic.
On Wednesday, Bank Negara decided to keep the overnight policy rate (OPR) unchanged at 1.75%.
However, there are strong expectations that the OPR could see further cuts in the upcoming quarters this year.
IT was a watershed moment when an elderly 91-year-old woman from the UK received the first Covid-19 vaccine injection.
Her inoculation symbolises the need to protect the vulnerable given the susceptibility of the elderly to the disease. It also shows the willingness to receive the jab that will allow everyone to get on with their lives in resuming the old normal in an increasingly new normal world.
Margaret Keenan’s vaccination was made possible after the UK government approved the Pfizer-BioNTech vaccine that broke all records in terms of approvals from the health authorities.
The race to finding a vaccine was top priority for the world given the vast damage the coronavirus has caused to lives and livelihoods, as seen from the wreckage it has caused to the global economy.