An illustration of the proposed Malaysia Savings Bond includes:
The above illustration is based on the Singapore Government’s Savings Bonds for retail investors. Why can’t we have this to fund Government development projects? Is MOF/BNM able to organise it?
Savers are currently paid pittance even in a rising interest environment. The current savings rate is about 0.2% p.a, well below inflation. Couldn’t the banks/MOF assist savers to get a fair return?
Reference:
Monetary Authority of Singapore
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