Category: Malaysian economy and BNM
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Recession Malaysia to be a reality in 2023?
This is the definition for recession. A recession is a significant, pervasive, and persistent decline in economic activity. (Investopedia) Briefly, it meant that people spend less than last year. Imagine getting the same salary this year as last year. However, because of sentiment, you decided to spend less and save the money into the savings…
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Inflation – it’s really inflating at the moment. What about yours?
Inflation – it’s really inflating at the moment. What about yours? No one can escape inflation I was speaking the other day under the invite from OCR Group Bhd and I said that inflation is something we could not escape from. Sorry, somehow I heard someone saying that the government should do something about it…
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Interest rate will go up further in Jan 2023
Maybank IB says that it’s possible for Bank Negara Malaysia (BNM) to increase the rate by another 25 basis points. It’s 0.25%. If we are thinking of buying a home or even paying for a mortgage currently, what’s the impact of this potential 0.25% rate increase? For a RM500,000 home and a 10% deposit, a…
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Economy Malaysia: 14.2% GDP growth for Q3 2022. Super high, good or just okay?
GDP growth number is always a comparison with the same period a year ago. Thus, a high number for Q3 2022 may also because of a low or negative number for Q3 2021. Nevertheless, please do not take away from the fact that a growing economy is still a growing economy and to look into…
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Economic outlook and working from home, do they mix well?
Majority would prefer to earn the same pay and yet could work from home. That’s a lot of savings in time, money and mental health; no traffic jam, no stress. Actually, at best, this would be temporary and more and more companies will be getting their employees back to office. This is not just the…
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Meta and Twitter are becoming a smaller company (headcount wise…)
You must have read, somehow. You may be surprised. You may be thinking if this is a global phenomenon. Well, these two companies have been on the news every day. One is helmed by Mark Zuckerberg and the other by Elon Musk. No idea if both are great friends but they have decided that in…
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Too many bad news. Stop buying property.
The issue with social media these days is that we are tricked into believing what we read is the truth and that’s far from the truth. Engagement is key. Thus, social media platforms will do their very best to show you things you lik to read. What you like to read would then be the…
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Fixed Deposit rate will be higher now. Happy?
Okay, when our Bank Negara Malaysia (BNM) increased the Overnight Policy Rate (OPR), then the banks would adjust their lending rates as well. At the same time, depositors will also get higher returns too. BNM just increased our OPR by another 25 basis points which is 0.25%. Our new OPR would be 2.75%. The ceiling…
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Budget 2023 and property market Malaysia
I think every media is reporting on Budget 2023 and continue to gain lots of attention on it too. As usual, there are the supporters who said everything great about Budget 2023 and there are also the other side which nothing would make sense unless they are the ones doing it. It matters very little…
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Ringgit versus major currencies except that ‘one’
Some say we are heading for a crisis soon because Ringgit is depreciating against the US$. If you believe this, then please take appropriate actions yeah. Save as much money as you can and then grab all the cheap assets which will happen during a crisis. In 1998 for example, property prices fell by double…
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OPR increased from 2.25% to 2.5% because economy is stronger
These two are reasons why it’s not an easy decision to make; increasing the Overnight Policy Rate (OPR). Some people may be happy with higher fixed deposit rates. Some may now feel the pressure of paying higher for their home loans. In other words, if there is a chance that majority of everyone will fail…
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Interest rate is up yeah. PAY higher and EARN higher. Good or bad?
There are two sides to a coin. Well, it’s the same as interest rate too. When it goes up, people who has fixed deposits will rejoice because they will earn a higher return on their savings. Well, at the same time, these same people will also have to pay higher loan repayments because the interest…