Better Than Ah Long

Our banks are actually better than Ah Long, they get more money compared to them, legally!

I have a simple Test:

1. If i used RM 3,365.99 for last statement date (28 Dec 08).
2. I paid RM 1,600.00 on 5th Jan 09
3. I paid RM1,410.00 on 15th Jan 09
4. I paid RM360.00 on 21st Jan 09
5. My statement due date was 17th Jan 09.

What is the amount that logically and supposed to be charged for finance charges (or interest)?

The ANSWER is RM3,365.99 starting from 28 Dec 08 till 21st Jan 09, a TOTAL of 24 days!!!!! Eventhough i cleared all my RM3,365.99, just because i paid the last RM360 4 days after the due date, i will be charged for 24 days interest based on RM3,365.99. Such a fair system imposed by our BNM. They never appreciate early payment, but they penalty you all the way back to Statement Date if you paid 1 cent less! As i have the habbit of not paying the few cents, no wonder i always kena "extraordinary" interest some time!

Please read carefully what has written at the back of the statement you received every month. It says that interest will only be calculated based on the balance that is not paid after the due date and will calculated from the PAYMENT DUE DATE until FULL SETTLEMENT.

So, in your next statement, please see and read carefully, if you are not fully paid the transaction by Due Date! Anyway, i will officially write an email to the bank and CC to MP to voice my dissatisfaction eventhough the poor customer lady told me she will convey the complaint to the bank. By then, this will be my 3rd official complaint letter to the same bank!

Same Fate

Both projects involved Sime Darby. One was between Sime & AirAsia, the other one between Sime & IJN.

Same hope (Labu & IJN) and also same fate (Labu & IJN) end of the day. Both projects involved the interference from external forces. One from ex-premier et al., one from Rakyat.

AmBank reduces BLR by 55 bps

Funny bank with slightly higher BLR compared to other major banks.

KUALA LUMPUR: AmInvestment Bank Group has reduced its Base Lending Rate (BLR) by 55 basis points (bps) to 6% per annum, from the current 6.55% per annum.

It said on Friday the revised BLR would take effect from Feb 10.

It added the revision was in view of Bank Negara’s reduction in the Overnight Policy Rate (OPR) by 75bps, reducing the Statutory Reserve Requirement from 3.5% to 2% and term deposit rates by 50bps last week.

HH The Birthday Boy

He is 3 now and is getting naughtier nowaday. Of course, he was the happiest boy on that day as he received his presents - all the power rangers, Ultraman, remote control car and etc ...... and FYI also, he will become big brother after July 09.

Some Snap Shots CNY 2009

Some flowers photos, big joss stick, our dog (one of), clear blue sky and the sugarcane leave.

Family Gathering CNY 2009

Time to gather and talk and eat and drink! Went to one of my father's brother house that he just moved in weeks ago. Identify the triplet in one of the photo. No prize for that guess.

Views from Tg. Tokong

G. Jerai at far

High rise buildings at Tg. Tokong, Gurney Drive. Can you see KOMTAR

Georgetown & Jetty

Pearl Hill, Tg Bungah

Tanjung Tokong

Fireflyz to Penang for CNY 2009

For this OX chinese new year, i went back to Penang alone and took Fireflyz's brand new ATR flight. As this is a small plane, therefore i also experenced the 1st-in-my-life's air turbulence. The plane's sudden drop-lift-drop-lift during take off scared most of the passengers of that flight especially children. And the young pretty girl who sit next to me even "freeze" on her chair and hold tight to the handle both hand.

The flight took only 1 hour. So if you include waiting time of minimum 30 min prior departure time, you only required 1.5 hr. Plus travelling time of 30 min from home to Subang airport, total time is 2hr only. Compared to driving home from KL, i think you need 7 hr during this CNY. If you were giving me the choice of Airasia and Fireflyz, i rather choose the later as it is nearer to KL, cheaper fare (depend on your luck) and in fact the air stewardes "not bad". Ah ha, they also provide FREE muffin and orange juice. The most important thing is Fireflyz flight schedule is on time, so far i only took 2 flight and is accurately took off and landed on time.

They even upgrading the existing Subang airport, you can enjoy your Coffee Bean's kopi before check-in, CIMB and Maybank for you and some shops selling dunno what thing (i did not check). You also can find the controversial EUROCOPTER base in Subang Airport.