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Yowchuan

Meshio.com

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Is Your Saving Really Safe?

Posted on October 30th, 2005 in Malaysia Financial News, Malaysia Personal Finance |
Just when you thought you can trust the bank to keep your savings for you behind the metal vaults, news of fund abused in an established bank can really keep one in check with the reality of life.

Here are some more facts about what happened:

Kit Siang wants White Paper on Bank Islam’s losses (via www.sun2surf.com)

Probe into Bank Islam’s RM480mil losses begins (via www.thestar.com.my)

Black Sheep in Bank Islam & Bank Negara-Must be Identified, Exposed and Punished! (via http://www.dapmalaysia.org)

White Paper for RM700 million Bank Islam scandal (via limkitsiang.blogspot.com)

Of course, investigations should be underway before public trust is lost forever.

One should realize that a bank is merely a place to store money, not SAVE money. Even with the current FD rate, the rising inflation itself is slowly eating away your hard-earned savings sen-by-sen, without you realizing it. As the saying goes, “the most deadly poison is the one you don’t even feel it…”





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  • SK
    Yo mate, it's not about the safety of your savings, try to look into a bigger picture.


    We can talk more on this in YM, if you're interested to know more on the insider news.



    Cheers.
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