We are blessed

We are blessed. Our country has been ignored since March 8 general election. When the crisis hit, we are not badly hit as those who want to sell has done it since 8 of March. Some projects cannot start due to change of state government. This is also a blessing. Due to the crisis, someone willing to do it with more competitive pricing.

Furthermore, most of our banks are well capitalised thus we do not have funding issues. The only issue is, bank are very selective on their customer base. I heard a few local and foreign bank in Malaysia are no longer extending high financing to their customer. They are reducing the risk by asking their customer to pump more cash in order to secured financing.

Due to the profit margin squezze on secured lending, bank are moving towards unsecured financing that enjoy higher profit due to higher risk involved. Among the products are personal loan, credit cards, revolving OD (unsecured type) and cash on call matching the credit card limits. These products enjoy profit spread of at least 3% up to 15% per annum. But the approval are strict as only selective customer are entitle for the facilities.

Our politician are also very mature. The power transaction are done gentleman way. No more street rally. All of us want to make a living only. We are moving towards first world mentality. Congratulation.

Fast Cash with cheap rates

EON Bank credit card allow cash withdrawal without cash advance fees and 0 percent interest.

However they charge a rates of 4.99% per annum upfront as processing fees.

Very cheap fund.

After one year, can balance transfer to Public Bank. Even cheaper. 2.50% processing fees also with no interest.

I have not survey other bank yet. Let me know if there is better deal from other bank.

MASTER COLLECTION by Longines

How Tan Sri Syed Mokhtar Albukhary made RM4.5bil

How Tan Sri Syed Mokhtar Albukhary made RM4.5bil on http://digizenblog.blogspot.com/2008/12/how-to-become-very-rich-in-malaysia.html

Swiftlet Farming

“You put in RM500,000 and if your location is good, you can net RM1mil a year within four years. Where else in the world can you find such a business?”

Source:

http://digizenblog.blogspot.com/2008/12/swiftlet-farming.html

Desa Palma another good buy

Checking with iproperty show three units for sale at

RM 95,000

RM 101,000

RM 110,000

Insider news say, government has approved a medical school just next to Inti University. Hope to see rental increase to RM 1000 per month and value RM 130,000 in near future.

Lets make money for this coming Xmas

Selling real Xmas trees in Churches within next 2 weeks could be profitable.......What do you think?

Since everyone talking about "going green"; real xmas tree should be good alternative to decorate your house or give it to friends as Xmas gift........

Articial Xmas tree are made of PVC that not-biogradable and harmful to earth, think about it..............

More information:
http://www.time.com/time/magazine/article/0,9171,1862449,00.html

http://www.treehugger.com/files/2004/12/how_to_pick_a_g.php

http://digizenblog.blogspot.com/2008/12/selling-xmas-tree-could-be-profitable.html