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New Year’s Resolutions for 2020 [ December 30th, 2019 ] Posted in » imDavidLee Life, News & Announcement

There are resolutions you hear every year, usually those resolutions involve something along the lines of saving money or getting healthier. Anything you make is going to boil down to the same thing – Better yourself.

Don’t be like this when you’re making your new year resolution
My goal in 2019 is to achieve the goals I set in 2018 that I should have completed in 2017 as I made a promise in 2016 that I planned in 2015.

Now is a great time to identify new and existing opportunities to grow and get 2020 off to a strong start. For 2020, I have set some achievable goals for myself. Accomplishing these goals will bring myself professional joy and positive growth.

1. Make an Impressive Impact at Work

Make impressive impact at work

Being more productive often stands at the top priority list but actually finding the ways to implement it in everyday life is a different kettle of fish. However, I will try to be proactive about going after what I want and doing things without being asked. I will also make it a priority to work on my productivity by using a time diary to become more aware of how I’m spending my time now. Being more focused is also important as it can take an average of 25 minutes to resume a task after being interrupted.

My strategy focus is to:
UNDERSTAND where am I now.
IMAGINE where I could be.
CREATE my strategic move.

Dare to be different. Don’t settle for the ordinary.

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Impact of the Increase in OPR

Bank Negara Malaysia raised the Overnight Policy Rate (OPR) by 25 basis points to 3% since last Friday. Following this, banks will increase the Base Lending Rate (BLR) sooner. So, for those who have variable loans especially housing loan will have to pay more in their monthly installment.

bank negara malaysiaOPR

The reason for increasing the OPR is to cover the local inflationary pressures. The current inflation rate is about 2.9% and it is expected to continue to rise in latter part of the year. However, Bank Negara did a great job as they take pre-emptive action to push for economic growth before addressing the inflation issue.

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May 10th, 2011 | 1 Comment | 5,606 views

How Does Base Lending Rates (BLR) Affect You?


Since July 2010, our Base Lending Rate (BLR) has increased 6.05% to 6.30%. As a result, borrowers have to pay additional months of installments. This is because when BLR increase, your interest payable or your loan tenure will also be increased subsequently.

For example:


Total loan amount = RM 100,000 to be repaid over 30 years.
Previous interest amount = 6.05%
Monthly repayment = RM 492 (assuming a 4.25% after BLR – 1.8%)

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October 23rd, 2010 | 3 Comments | 30,802 views

Malaysia Latest Base Lending Rate (BLR)

Effective from 18th May 2010, the latest Base Lending Rate (BLR) for most banks in Malaysia will be at 6.05% per annum. Therefore, the BLR increased another 2.5% from 5.80% previously. This adjustment is made based on Bank Negara announcement to raise the overnight policy rate (OPR) by 25 points on 13th May 2010!

malaysia base lending rate

For me, Malaysia has a very high base lending rate, but this also means that our interest earned on fixed deposits is also quite high. From positive point of view, the BLR increase is a sign that our economy is recovering. However, I can feel that the core parts of Malaysia still very bad as unemployment, low salaries are some of the major issues facing by Malaysians nowadays.

So, with the latest increase of BLR in Malaysia, for sure it will further hurt Malaysians who is going to get new home.

These are the local and foreign banks latest BLR rate in our country:

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May 23rd, 2010 | 3 Comments | 19,090 views