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OPR Rates In Malaysia

OPR (Overnight Policy Rate) is the interest rate at which a central bank lends money to commercial banks in the overnight market. In Malaysia, the OPR is determined by the Monetary Policy Committee (MPC) of Bank Negara Malaysia, the country’s central bank. The OPR serves as a benchmark for other interest rates in the Malaysian financial system.

To understand the OPR rates in Malaysia, you can follow these steps:

Stay updated with financial news: Stay informed about the latest developments and news related to the Malaysian economy, monetary policy, and central bank announcements. Regularly read reputable financial news sources, such as local newspapers, online news portals, or financial publications, to get insights into the current state of the OPR.

Visit the central bank’s website: Bank Negara Malaysia provides information on its official website about the OPR, monetary policy decisions, and related announcements. Visit their website and look for dedicated sections on monetary policy or OPR rates. This information is usually found in the “Publications” or “Monetary Policy” sections of the website.

Read monetary policy statements: Bank Negara Malaysia issues periodic monetary policy statements that provide details about the central bank’s decision on the OPR and the rationale behind it. These statements explain the economic conditions, inflation outlook, and other factors considered by the MPC in setting the OPR. By reading these statements, you can gain insights into the central bank’s thinking and factors influencing the OPR rates.

Analyze economic indicators: OPR rates are influenced by various economic indicators, such as inflation, GDP growth, employment data, and others. Monitoring these indicators can help you understand the direction in which the OPR may move. Look for reports on inflation, GDP growth, consumer price index, and other relevant economic data published by reputable sources like government statistical agencies or financial research institutions.

Seek expert opinions: Financial analysts, economists, and researchers often provide insights and analysis on the OPR rates in Malaysia. Follow renowned experts in the field who specialize in Malaysian economics or monetary policy. Their opinions and forecasts can provide valuable perspectives on the OPR and its potential impact on the economy.

Remember that OPR rates are subject to change based on economic conditions and central bank policy decisions. It is essential to regularly monitor the information sources mentioned above to stay updated on the latest OPR rates in Malaysia.

Malaysia’s Best Managed Companies 2023 by Deloitte

We are pleased to announce that LBS has once again been honoured with the esteemed Malaysia Best Managed Companies 2023 award by global consulting firm Deloitte, for the second consecutive year. 

This prestigious recognition underscores LBS’s unwavering commitment to organizational excellence and acknowledges the exemplary contributions we have made in pushing the boundaries of success. 

The award serves as a resounding validation of our core values, our relentless pursuit of excellence, and the continuous efforts we put forth to exceed expectations. It reflects our commitment to fostering innovation, embracing challenges, and consistently raising the bar in everything we do.

We extend our sincere gratitude to our exceptional team who has contributed to this remarkable feat. We are immensely proud of this achievement and look forward to sharing many more exciting milestones together.

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Get Pinked with LBS 2023

Get Pink’d with LBS (“Contest”)

The Contest is organised by LBS Bina Group Berhad (hereinafter known as “the Organiser”). By participating in the Contest, you agree to be bound by the following terms and conditions as stipulated herein (consisting of the General Terms and Conditions and the Specific Terms and Conditions) between you and the Organiser (“Contest Terms”). By participating in this Contest, you are deemed to have read and agree to the Contest Terms herein mentioned. You agree that the Organiser may include additional terms to and/or vary the Contest Terms at our sole discretion at any point of time and any additional and/or variation of the terms shall be incorporated by reference immediately at the point of time in which it is implemented. You are advised to visit this page from time to time to be updated of the latest Contest Terms.

In the event of any inconsistency between any terms and conditions stipulated in any of the Organiser’s marketing brochures, leaflets, buntings, or otherwise any other platforms and the Contest Terms stipulated herein, the latest Contest Terms shall prevail.

 

A. GENERAL TERMS & CONDITIONS

1. CAPACITY AND REPRESENTATION

1.1 To be eligible to participate in the Contest, you must be aged eighteen (18) and above in Malaysia or have attained an age of majority in the jurisdiction in which you are domiciled to enter legally binding contracts.

1.2 You acknowledge and agree that all information provided by you which will be relied upon by the Organiser is true, accurate, and not misleading. The Organiser reserves the right to request for more information from you in the event the information provided by you is deemed insufficient failure by which may result in your disqualification from the Contest.

1.3 You shall be responsible to update us immediately in the event that you discover that any information made by you is erroneous, outdated, or insufficient. Kindly note that failure by you to provide the necessary information to us may result in your disqualification from the Contest.

1.4 You further acknowledge that we will rely on any information provided by you and that any false, inaccurate, and/or misleading information may cause losses and damage to us. You agree to hold harmless and indemnify us, our directors, our employees, our agents, our affiliates, and any other third parties facilitating the Contest from the losses and damage suffered as a result of the false, inaccurate and/or misleading information provided by you.

1.5 You shall not use the Contest as a means or manner to facilitate or promote any illegal, immoral, violence, hate speech, racially disparaging, defamatory and/or fraudulent content (hereinafter be referred to as “Refrained Content”) wherein any evidence of such Refrained Content occurring out of this Contest, the Organiser shall not be made responsible whatsoever and you will be subjected to a disqualification by the Organiser.

1.6 By participating or entering this Contest, you are not violating any constitutive documents, applicable law, policies, regulation, rules, other terms, and conditions, and/or contracts that you have entered, agreed, or bound into with any third parties in any jurisdiction.

1.7 You will comply with all applicable laws, by-laws, rules, regulations, policies, instructions, directions, orders and/or directives from the Organiser, any governmental organization, and/or relevant authorities.

 

2. PRIVACY

2.1 All information provided by you shall be collected, stored, used, and retained by us in accordance with our Personal Data Protection Act Notice. You are to read, acknowledge and accept our Personal Data Protection Act Notice which is incorporated by reference herein and can be found at https://lbs.com.my/pdpa-notice/

 

3. TAX AND DISBURSEMENTS FEES

3.1 You shall bear all expenses including but not limited to transportation, personal expenses, insurance, stamp duties, transfer fees, taxes, any other duties and/or any other costs, fees and/or related expenses incurred pertaining to the Prize (hereinafter defined).

3.2 You shall be solely responsible to declare your Prize winnings with the relevant tax authorities and pay for any levy, duty, charges, and tax that is imposed (if any). The Organiser shall not in any way be held liable to pay any charges, tax, levy, fines and/or duty that are imposed on the Winners by the relevant tax authorities for the Prize winnings.

 

4. PRIZES

4.1 The Organiser shall not assume any liability and responsibility whatsoever in the event of any mishaps, injuries, damages, death, claims and/or accidents suffered by your participation in the Contest and/or from the use of the Prizes

4.2 You shall not hold the Organiser harmless against any liability and claims and agree to indemnify the Organiser completely for any claims, damages, losses, and liability arising from and/or in relation to your use of the Prizes.

4.3 You agree and acknowledge that the Organiser provides no representation or warranty of any kind whatsoever in respect of any defect or other faults in relation to the Prize, and that the Prize displayed in any marketing or promotional materials are for illustration purposes only which may not depict the actual color, material, model, and/or specification of the actual Prize.

4.4 The Organiser shall not be liable to compensate and/or rectify any defect or other faults in the Prizes. You shall contact and refer to the supplier, manufacturer, distributor and/or reseller of the Prizes in the event that you have any queries, concerns, and issues regarding the Prizes.

4.5 The Organiser shall not be liable to compensate and/or rectify any defect or other faults in the Prizes. You shall contact and refer to the supplier, manufacturer, distributor and/or reseller of the Prizes in the event that you have any queries, concerns, and issues regarding the Prizes.

4.6 You agree that the Prize is non-transferable, non-refundable, non-exchangeable for cash without the Organizer’s express written consent. The Organizer reserves the right to substitute any Prize with that of a similar value without prior notice to you.

 

5. INDEMNITY

5.1 You agree to indemnify and keep indemnified the Organiser, its directors, employees, agents, affiliates, and any other third parties facilitating the Contest against all liabilities, losses, damages, and expenses which the Organiser may incur or suffer as a result of or in connection with and any breach and violation of Contest Terms herein or any representation or warranty given by you.

 

6. PROMOTIONAL MATERIALS

6.1 You agree that the Organiser shall have the right to interview you, take photographs, and videos as well as use your personal details which shall include your name(s) for our marketing campaign materials for the purposes of advertising, trade and/or publicity in accordance to the Privacy clause above. You acknowledge that any interview results, photographs and videos shall be solely owned by us.

 

7. MISCELLANEOUS

7.1 The Organiser reserves the right at its sole discretion to suspend, modify, extend, delay, or terminate the Contest at any time without prior notice to you.

7.2 Any decisions taken by the Organiser are final and binding on you and the Organiser shall not be obliged to entertain any queries, claims, requests, or correspondences after the decision of the Organizer has been made.

7.3 The Organiser shall have the absolute right to disqualify any individual that it determines to be tampering with and/or disrupting the operations of the Contest, and/or to be acting in breach or potential breach of these Contest Terms.

7.4 Any provisions applicable to this Contest which is prohibited or unenforceable under any law or regulation shall be ineffective to the extent of such illegality, voidness, prohibition, or unenforceability without invalidating the remaining provisions.

7.5 Any individuals who have previously participated and won a giveaway or contest organised by the Organiser in the last 3 months are not eligible for this Contest.

 

8. DISCLOSURE

8.1 This Contest is not in any way sponsored, endorsed or administered by, or associated or otherwise with Meta Platforms, Inc (formerly known as Facebook, Inc) and/or Barbie toy maker being Mattel, Inc and/or with Barbie film production and/or with any Barbie product (“Barbie Toy Maker/Movie Producer/Related Products”). The Organiser will not be liable to any losses, claims, and/or actions, legal or otherwise, arising from any glitch, malfunction, shut down, and/or otherwise use arising from Facebook, Instagram or any other platform (whether or not derivative) of Meta Platforms Inc and/or Barbie Toy Maker/Movie Producer/Related Products and/or any of its franchise and/or any associated entities.

 

B. SPECIFIC TERMS AND CONDITIONS

“Get Pink’d with LBS” Contest

Contest Period

The Contest period shall commence from 15 July 2023 and shall end on 21 July 2023 at 11:59 PM (“Contest Period”). The Organiser in its sole discretion reserves the right to extend or vary the Contest Period. All entries received before or after the Contest Period shall be invalid and will not be entertained.

Method of Participation

To participate in the Contest, and be eligible to win the Prizes, participants must: –

1. “LIKE” and “FOLLOW” the Organiser’s Facebook (@LBSBinaGroup) and Instagram (@lbsbinagroup) social media platforms respectively and remain liked and followed throughout the Contest Period;

2. set their social media platforms as mentioned above to public;

3. screenshot the Pink Room image uploaded on Organiser’s Instagram story “Screenshot Image”;

4. decorate the Screenshot Image with stickers and/or drawings as per the participant’s creativity; and

5. share the Screenshot Image with their own decorations on their Instagram story and tag LBS Bina Group.

 

Contest Visual / Posting

Contest Prizes

The Organizer shall announce the winner of the Contest on Wednesday, 26th July 2023 or any other date of the Organiser’s choosing after the Contest Period ends (“Winner Announcement Date”).

 

Selection of Winners

The Prize Winner will be selected based on the most creative entry to be decided by the Organiser and the winner shall be available and shall attend the movie screening on the date as per Organiser’s choosing.

 

Prize Redemption Details

  • The Prize Winner will be contacted by the Organiser and/or representative of the Organiser through the ‘direct message’ function on Instagram, wherein the winners will be required to provide personal details to the Organiser and/or representative of the Organiser for the purposes of the provision of the prize.
  • The Prize Winner will be required to fill in documents and to send the same to the Organizer.
  • The Prize Winner shall then be required to collect their respective prizes at a location to be notified by the Organizer.
  • The Organiser will not be held responsible and strictly reserves the right to forfeit and/or assign the prizes to another participant should the initial winner(s) fail and/or neglects to collect the prizes and/or or provide their respective contact details within 5 days from date of Winner Announcement Date.

 

DISQUALIFICATION

The Organizer reserves the right to disqualify: –

a) Any submissions as stated above in the event that; the submission of any comment(s), photo(s), screenshot(s) and/or image(s) relevant are manipulated, blur, unclear, and/or containing inappropriate content, including but not limited to vulgarity, obscenity, lewd, pornographic or violent material, or materials which promote violence or which disparages the Organizer or any other person or entity, or contain trademarked or copyrighted material;

b) Any entry which the Organiser considers to have been made in breach of this Contest terms and conditions.

c) Any entry which the Organiser suspects and/or determines to have been submitted via the assistance, facilitation and/or instruction by any programs, software, application and/or otherwise technological function (whether malicious or otherwise) including but not limited spamware and malware such that distorts the Contest, and/or is otherwise unethical, illegal, and immoral. 

 

 

Setia – LBS Bina Choir Group (Istana Negara Edition)

LBS Bina Choir Group, led by our Executive Director, Dato’ Sri Daniel Lim Hock Sing, presents a captivating performance for the Agong during the recent LBS Chinese New Year Dinner 2023. Experience the harmony and soulful rendition of our talented choir group as they take center stage, exclusively on our channel!

This is the edited version obtained from Istana Negara. We shall post it here in conjunction with our KDYMM Seri Paduka Baginda Yang Di-Pertuan Agong’s birthday on June 5, 2023. 

Daulat Tuanku.

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Do drop some comments on your thoughts and maybe some interesting topics we can look into!

 

Bidding Goodbye to High Utility Bills

Are you done with paying high monthly housing utilities in Malaysia? Fret not. We have a few tricks up our sleeves that can effectively trim down your bills while comfortably enjoying your monthly utility bills. Here are some tips to help you reduce your monthly housing utilities in Malaysia:

Install energy-efficient appliances: One of the easiest ways to save money on your electricity bill is to replace your old appliances with new energy-efficient ones. Appliances such as refrigerators, air conditioners, washing machines, and televisions consume a lot of electricity. By choosing energy-efficient models, you can significantly reduce your monthly electricity bills. Look for appliances that have a high energy rating and inverters, such as those with a 5-star rating.

Close-up of economist using calculator while going through bills and taxes in the office.

Unplug unused appliances: Many would think that leaving the plugs in is negligible due to its minuscule electricity usage. Did you know that appliances such as chargers, televisions, and computers continue to use electricity even when they are not in use? Unplugging these appliances when they are not in use can help you save money on your electricity bill.

Make use of natural light: Make the most of natural light by opening up your curtains and blinds during the day. This will reduce the need to turn on lights, which can help you save money on your electricity bill. Additionally, sunlight can help kill bacteria and provide vitamin D, which is essential for your health.

Install energy-saving light bulbs: Energy-saving light bulbs, such as LED bulbs, use less electricity than traditional light bulbs and can last longer. Switching to energy-saving light bulbs can help you save money on your monthly electricity bill. Additionally, LED bulbs come in different colors and can be dimmed or controlled by smartphones, creating a unique and comfortable ambiance for your home.

Turn off lights and fans when you leave a room: It’s easy to forget to turn off lights and fans when you leave a room, but doing so can help you save money on your electricity bill. Turning off lights and fans when they are not needed will not only help you save money but also prolong the lifespan of the appliances.

Use air conditioning efficiently: Air conditioning can be a significant contributor to your monthly electricity bill. To use your air conditioner efficiently, set the temperature to a comfortable level, clean the filter regularly, and turn it off when you leave the house. Using a smart air conditioner controller or a timer can also help you save money.

Reduce water usage: Reducing your water usage can help you save money on your monthly water bill. Consider taking shorter showers, fixing leaky faucets, and using a low-flow showerhead. Additionally, using a rainwater harvesting system can help you save money on your water bill while being environmentally friendly.

By implementing these simple tips, you can significantly cut down on your monthly housing utilities in Malaysia and save money in the long run. Not only will you be able to enjoy a more comfortable lifestyle, but you will also be contributing to a sustainable future.

Purchasing A Home: Available Schemes

“If you are in the process of actually buying a house, dreams about this can be your subconscious processing these actions in your waking life.”

When purchasing a home, it is important to evaluate your household’s monthly income. This will assist you in determining whether or not you can afford the house you desire. 

Buying a house is a major step in the life of any individual, but for first time homebuyers it can feel like a 100% obstacle. The housing market can be confusing, especially if you are not sure where to start. But, with the right information, it is possible! 

You may get to start your journey of homeownership now. 

The first step is to determine your budget. Congratulations if you have saved enough money for a down payment. You are now prepared to begin looking at properties and applying for financing. If not, there are government programmes that may help you in getting a mortgage even if you do not have excellent credit or the required down payment.  Many banks in Malaysia offer special programs designed specifically with first-time buyers in mind-so don’t be afraid to ask! 

Second, make sure you know your credit score. You may go for a free credit score check. If you find some errors on your report, you can dispute them by contacting the company and let them know what is incorrect. 

Third, find out what kind of loans that are available to you and how much money you would need to qualify for each one. 

Fourth, be prepared with documentation. This includes proof of income (such as pay slips), bank statements, proof of residence (utility bill) and copies of any other documents related. 

If you have a monthly household income of RM3,000 to RM4,999, the Malaysian government has a housing scheme that allows you to buy your first property. The scheme also requires a high credit score, which means you must have a track record of making on-time payments.

Assuming that you meet the requirements, you can purchase your first home in Malaysia with a 10% down payment (RM30,000). The government will provide you with an interest-free loan for up to 15 years at 4% each year. 

The Malaysian Government has several housing schemes for low-income households. These include: 

MyHome Program Perumahan Rakyat by Bank Simpanan Nasional (BSN)

Rent-to-Own (RTO) Scheme 

Bank Negara Malaysia’s (BNM) RM1 Billion “Fund for Affordable Homes”

Youth Transit Housing (MyTransit) by KPKT

Home Ownership Campaign (HOC)

Vox Pop : Quiz Game | Part 2

Oh boy, oh boy!

In the previous episode, our teams struggled to score even a single point.😜

What on earth went wrong?

But hey, don’t lose hope just yet!

Brace yourself for an epic redemption arc as they face mind-boggling hurdles, twists, and turns to catch up and claim victory!🥳

Get ready to cheer, gasp, and maybe even shed a tear, it’s gonna be one heck of a thrilling ride!

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Do drop some comments on your thoughts and maybe some interesting topics we can look into!

Vox Pop : Quiz Game | Part 1

Think you know everything about our VoxPop series?😎

Oh, you’re in for a wild ride!🚂

Get ready to witness the brilliant minds of LBS Bina staff from different departments as they put their VoxPop knowledge to the ultimate test!

So buckle up, grab your popcorn, and let the excitement unfold!🤩

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Do drop some comments on your thoughts and maybe some interesting topics we can look into!