Bank Negara relaxes rules for overseas investment

BY IZATUN SHARI

KUALA LUMPUR: Malaysian individuals and corporations
who are debt-free can now take any amount of their money
abroad effective April 1.

Previously, individuals could only repatriate up to RM10,000
overseas without obtaining permission from Bank Negara.
Credit card debt and housing and car loans are not considered
as debt or credit facilities.

This relaxation for investment abroad, announced by Bank Negara
governor Tan Sri Dr Zeti Akhtar Aziz yesterday, is part of the
central bank's continuous effort to reduce the regulatory cost of
doing business and enhance efficiency of the delivery system.

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We are so very lucky

Yes! We are so very lucky here in Malaysia. We have sunshine
throughout the year, rainfall anytime too, beautiful parks and
greenery around us, the world's tallest twin towers, even our
very own casino - but that's another story.

Anyway, we have lots to be thankful for. Just the other day, I
was talking with a colleague from the US and he said that he's
enjoying our food especially the morning nasi lemak and our
ice-cream, the yummy Cornetto. Can you imagine that? This is
his first visit here and he's even game enough to venture into
nasi lemak from a street vendor and enjoying it to boot. hah!

I tell you, from now on, I shall savour our nasi lemak and
Cornetto like there's no tomorrow. Malaysia boleh!

The Radio Show

The radio can be a great source of entertainment especially
when you are caught in traffic jams going to work in the
mornings.

It used to be Yasmin Yusoff that I listened to those days but
these days, it's Caroline and Simon. Their bantering and
jibes at each other can be quite hilarious. Sure made my day
at times.

Hike in diesel price

The Star:
Up 5 sen: The price of diesel will go up by five sen per litre
to 88.1 sen from Tuesday. The Government raised the price
due to skyrocketing crude oil prices and in an effort to reduce
its burden in providing subsidies, said Domestic Trade and
Consumer Affairs Minister Datuk Shafie Apdal.

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