What is the future of our bank industry? (employee view)

I just chit chatting with one of my friend and he is working with one of the local bank in Malaysia. We talked about the future of working in the bank. Actually what happen is all the employees are worried about the uncertainties of their future. What is the uncertainties then? The uncertainties can be identified as pressure, changes and so on. I could say the level of pressure when working in the bank is high. I believe the pressure will produce employees to become unfit regularly. Worst come to worst the unfit will become illness and might be critical illness. Unfortunately the bank now are trying to reduce the benefit of the employees.

There are so much changes that are bank are trying to implement probably to match the progress of the economy. Is it relevant or effective? I think there will be the pros and cons. What is my concern is the changes are very good in term of organisation development but the changes must be grow together with employee benefit.

I also wondering about the economy in Malaysia. What happen is the bank now are lacking with the fund(deposit) to grow their business. But the government are digging the fund from the bank and the management then pressing the employee to look out for another fund. Thus is it government helping the bank or pressuring us.

The worst case will be the merger. I believe in the near time there are merger will take in place. The employee then will suffer once more due to rationalization and other management strategies to make sure the business and the cost will operated effectively.

Thinking about this will not end up. Therefore if any of you do have any view and comments I am really appreciated.

When is the best time to buy the house?

Recently our BLR already reduced to 5.5% and I remembered one time it goes up to 6.75%. Due to this current situation they are an impact of positive response of the property especially in house. But based on my observation there are not much people realized on this matter most probably due to the drop of BLR is impact their job or probably their income. a few month back there are many manufacturing companies have shutting down their operations in Malaysia. Therefore the financial institution are aggressively generating their business by promoting their based package to attract the customers. Some bank are offerring BLR- 2.4 to the customer where it equivalent to 3.15% p.a. The attractive package is so much attractive and I still dont understand on why people still not buying the house now.
For example if cust A bought the house early last year. the best package is BLR(6.75)- 1 equivalent to 5.75. now the best package is BLR (5.5) - 2.4 equivalent to 3.15%. Customer will gain a saving about 2.65%. Just imaging the power of compunding. How much the customer could save.
Therefore I urge all my frenz to consider and think about it.

Pijaman ASB tidak relevan

Pelaburan adalah sesuatu yang perlu dalam menjana kekuatan kewangan seseorang. Saya amat bersetuju dengan pinjaman ASB ini tetapi masih ada pros dan kontra.Jika kita lihat kepada sesorang yang mempunyai pendapatan sekitar RM 1000 dan masih tidak memiliki aset seperti rumah. Ini jelas sekali menunjukkan bahawa kadar nisbah hutang keatas pendapatan akan menjadi begitu ketat.
Contohnya:
Pendapatan RM 1000Hutang ASB bulanan RM 300 Lain2 komitmenn RM 200kadar nisbah hutang keatas pendapatan: 50%
Kesian rakan kita ini dimana beliau tidak boleh membeli rumah disebabkan komitmen yang agak tinggi.Jadi bukan semua orang yang boleh membuat pinjaman ASB.