Most young working adults living in the city do not cook. Eating out has become a norm for many working class city folks. Sometimes, you just run out of idea where to take your dinner. With rising inflation, many hawkers and restaurants are either hiking their food prices or cutting down their food preparation cost. Neither is good for us as consumers. Well, we will need to eat everyday. So, what can we do ?
Learning how to cook can help to ease some inflation burden while helping you to de-stress yourself. I find cooking helpful in releasing your tension especially when you do your cooking during the weekends.
Learning how to cook is easy. Learning how to cook your favourite Malaysian food is especially important especially when you are in some foreign land. I have picked up some cookings tips and figure out some recipes from the following websites.
http://www.deliciousasianfood.com/
http://myhomerecipe.com/
http://imbinitchy.blogspot.com
http://steamykitchen.com/
http://www.rasamalaysia.com
Want to taste my cooking ? I am planning to run a pot luck at my place, anyone joining ?
Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Sunday, August 3, 2008
Friday, August 1, 2008
Addendum: Inflation, BLR, OPR, FD Rates
Bank Negara has just published their latest report on Malaysian economy. As per my previous entry on inflation and real FD return rates, I would give you a clearer picture depicted from the BNM report. Picture is worth more than thousand words,:).
Real FD return rates is decreasing since Sept 07'.
MYR is depreciating against major currencies since early of the year.
So , what are going to do with your Fixed Deposit in Ringgit Malaysia? :).
*all images above are cannibalised from BNM's latest report
Real FD return rates is decreasing since Sept 07'.
MYR is depreciating against major currencies since early of the year.
So , what are going to do with your Fixed Deposit in Ringgit Malaysia? :).
*all images above are cannibalised from BNM's latest report
Wednesday, July 30, 2008
Inflation, OPR, BLR, Currency & You
Inflation, OPR, BLR, Currency. These words seems to be hitting the financial news headlines lately. Besides inflation, what the other terms has to do with you?
Staying in city is not easy, the cost of financing a property is always double the ones in smaller towns. The cost of financing is directly affected by BLR(Based Lending Rates). So, if you are staying in the city and planning to purchase a property, inflation and BLR will be one of the major concerns for you.
Inflation creeps into our daily life, causing us to spent more for less goods. This is what we can feel directly when inflation hits us. How about our savings, trust funds and stocks? Our liquid assets will be less valuable. Imagine your FD rates is 3 % while the inflation rate is 7 %. Whatever you have today is worth lesser tomorrow.
One of the ways to fight inflation is to increase the OPR (Overnight Policy Rates or Interbank Lending Rates). Increasing OPR will slow down inflation as business activity will slow down due to tightening of banking facilities. Besides that, the OPR might be higher than inflation rate as a result, giving positive return rate for your liquid assets.
Bank Negara has recently decided not to raise the OPR. Therefore, BLR will not be raised as well. Most of the property owners hence felt relief about the decision. The stock market has also return to bullish state as cost of borrowing for business remains stable following this announcement. However, the retaining of rates might also signify that our economy is lethargic. We cannot to afford a setback in economy growth now by raising the rates. On the negative side, inflation might also be spiraling up in months to come as a result of the decision.
Now that Bank Negara maintained the OPR rates, we are also facing yet another crisis, the currency crisis. If you check on the BNM FOREX rates, you will notice that MYR has been depreciating since the announcement of Bank Negara on 25th July.
Currency devaluation is a scary phenomena. Imagine your hard-earned money accumulated since the past 10 years is depreciating by 5-10 % every year. Your EPF money will be eaten up by inflation and currency devaluation. We are experiencing the toughest time ever, in wealth management and economy management.
It's far too complicated to analyse the best solution to manage our current economy. It's a tough decision to make in deciding whether to raise the rates in order to maintain our economy's health. I have been admiring Zeti for her calmness and intelligence for a long time. I hope she had made a wise decision this time.
Staying in city is not easy, the cost of financing a property is always double the ones in smaller towns. The cost of financing is directly affected by BLR(Based Lending Rates). So, if you are staying in the city and planning to purchase a property, inflation and BLR will be one of the major concerns for you.
Inflation creeps into our daily life, causing us to spent more for less goods. This is what we can feel directly when inflation hits us. How about our savings, trust funds and stocks? Our liquid assets will be less valuable. Imagine your FD rates is 3 % while the inflation rate is 7 %. Whatever you have today is worth lesser tomorrow.
One of the ways to fight inflation is to increase the OPR (Overnight Policy Rates or Interbank Lending Rates). Increasing OPR will slow down inflation as business activity will slow down due to tightening of banking facilities. Besides that, the OPR might be higher than inflation rate as a result, giving positive return rate for your liquid assets.
Bank Negara has recently decided not to raise the OPR. Therefore, BLR will not be raised as well. Most of the property owners hence felt relief about the decision. The stock market has also return to bullish state as cost of borrowing for business remains stable following this announcement. However, the retaining of rates might also signify that our economy is lethargic. We cannot to afford a setback in economy growth now by raising the rates. On the negative side, inflation might also be spiraling up in months to come as a result of the decision.
Now that Bank Negara maintained the OPR rates, we are also facing yet another crisis, the currency crisis. If you check on the BNM FOREX rates, you will notice that MYR has been depreciating since the announcement of Bank Negara on 25th July.
Currency devaluation is a scary phenomena. Imagine your hard-earned money accumulated since the past 10 years is depreciating by 5-10 % every year. Your EPF money will be eaten up by inflation and currency devaluation. We are experiencing the toughest time ever, in wealth management and economy management.
It's far too complicated to analyse the best solution to manage our current economy. It's a tough decision to make in deciding whether to raise the rates in order to maintain our economy's health. I have been admiring Zeti for her calmness and intelligence for a long time. I hope she had made a wise decision this time.
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