Higher FD Rates In The Pipeline

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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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