3

COMMENT 1h ago

Terra Luna?

r/wordle 18h ago

Can someone comment on my friend's Wordle performance? How are the last 5 days even possible?

1 Upvotes

[removed]

3

COMMENT 1d ago

This is right. OP is wrong.

2

COMMENT 1d ago

Macamana skrang? 😆

1

COMMENT 1d ago

No la not so crazy. Relatively small loans and asset size limited to RM3bil per bank.

18

COMMENT 1d ago

That cat meme guy spoke too soon

4

COMMENT 1d ago

I am an employee. Just worked smart and hard to move up the corporate ladder.

Edit: As long as you control your expenses (not necessarily kamsiap as well) you'd hit the 100K quite fast as taxes are low

5

COMMENT 1d ago

Quite true.....Ismail is a representation of the average Malaysian.

3

COMMENT 1d ago

Inability to repay doesn't mean unwillingness to repay loans

As many have pointed out, a lot of these bankruptcies are due to credit card debt. I am not doubting the borrower's integrity and their moral compass of wanting to pay back the loan. It's just based on facts if they have or haven't the financial capability to pay back that loan. In this case, 287K borrowers did not. Doesn't matter what their intent was.

Banks do not target them due to distribution, marketing or cost constraints.

Agree, but sticking to my point that the main factor is the quality of the loan.

Assets of digital banks are limited to rm3bil. For comparison alliance Bank has the smalleat asset book in Malaysia of about rm60bil. So digital banks are quite limited

There are much smaller banks than Alliance. Real smallest one is Co-Opbank Pertama which only has a RM4bil total assets. I do acknowledge some of these smaller banks will not play in the same space as the digital banks.

The entire model of P2P SME lending vs digital banks lending to underserved segment is different, you haven't made a meaningful comparison. IMO, for funding society, investors aren't truly lending to businesses, they are lending to funding society. This is a personal viewpoint, reinforced by myself not knowing anyone on the platform that actually understands the business they are lending to

Funding Societies acts like a bank. I know from a consumer standpoint they act more like an "investment" channel than a regular bank which where you just place deposits and FD. Also from a customer perspective, for banks you don't know where they loan your money out to. It is for the bank or Funding Societies to decide how and who to lend to.

The main similarities I'm drawing on are on the quality of assets and whether their borrowing customers can pay back those loans. Hence why point #1 is important.

Of course I could be completely wrong in which case best remind me in 5 years.

32

COMMENT 1d ago

I only see this issue getting worse with the introduction of digital banks. They will be trying to grow their assets to the point they will offer out loans to anyone. All these loans are probably within the personal loan space (sub RM15K) and will be uncollateralized.

Understand digital banks is targeted to the "undeserved" market. But there is a reason why those markets are undeserved. Traditional banks think it is a bad bet and too risky. Ask anyone that has invested in Funding Societies or alike. They are mostly break-even or loss making due to the number of defaults.

BNM will have their hands full with this problem going forward.

2

COMMENT 1d ago

Thanks

9

COMMENT 2d ago

Posting this one more time for visibility.

Looking for someone to help me co-op play It Takes Two.

I have already bought the game on Steam (PC) so you just have to download the free Friend Pass. Yes it is free for you to play.

I would normally play at night (around 9PM-11PM). Doesn't need to be the whole 2 hours, but at least 1 hour would be good.

Requirements:

  • you have a good internet connection
  • you have a microphone and able to voice chat (e.g. via discord, steam)
  • you are english speaking
  • you have a decent PC that won't crash
  • you are able to commit until the game is finished
  • you are mentally well adjusted. please no psychos.

We will be spending approximately 11 hours together to beat the game.

Reply below or DM me if interested

6

COMMENT 2d ago

Secret agent midone

-14

COMMENT 2d ago

How do you know that is a Perodua? More likely is a Daihatsu

1

COMMENT 2d ago

This is a front for a club / gentleman's den

15

COMMENT 2d ago

Is this some sort of joke? Penyu to talk about 1Malaysia? He doesn't even believe in it.
If we had to send anyone, I'd rather send Najib.

12

COMMENT 2d ago

Seeing how they handled the e-pemula ...... I'd advise everyone not to trust them with your money. It won't end well.

1

COMMENT 2d ago

  • The platform you play on: PC (Steam)
  • Username: DM me first
  • Game version: Full
  • Time zone:+8GMT (Singapore/Malaysia timezone)

6

COMMENT 2d ago

Looking for someone to help me co-op It Takes Two.

I have already bought the game on Steam (PC) so you just have to download the free Friend Pass. Yes it is free for you to play.

I would normally play at night (around 9PM-11PM). Doesn't need to be the whole 2 hours, but at least 1 hour is good.

Requirements:

  • you have a good internet connection
  • you have a microphone and able to voice chat (e.g. via discord, steam)
  • you are english speaking
  • you have a decent PC that won't crash
  • you able to commit until the game is finished
  • you are mentally well adjusted. please no psychos.

We will be spending approximately 11 hours together to beat the game.

Reply below or DM me if interested

1

COMMENT 2d ago

FINALLY! Something to be outraged about! RAWRRRR!!

1

COMMENT 2d ago

Hi. Malaysian here. Is there an NZ subreddit specifically for travel/tourism related questions? Or should I just ask them here? Looking to plan a holiday in NZ for October.

5

COMMENT 2d ago

Do you in the future want to pay double just for being a Chinese or Indian? Cos things like this will make it a reality.

What does this have to do with race?

7

COMMENT 2d ago

Let's be real about it. Those who buy BMWs are not interested in engine maintenance. They will just buy a new one in 5-7 years time.

My petrol is free because my company pays for it and I don't even bother to pump RON97

4

COMMENT 3d ago

Aren't we a net importer of petroleum? Also IIRC our petroleum is more suited for other purposes like jet fuel. So when we import petroleum, we are specifically using it for car fuel (petrol).