Category: Malaysian economy and BNM
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Property market depends on the economy. Agree?
Property market depends on the economy. Agree? Imagine everyone worried about losing their only job. Imagine companies delaying their hiring because they are not confident with potential future sales. Imagine those who lost their jobs struggling to find a new one. Imagine factories asking their employees to take unpaid leaves because orders from the end…
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Your fixed deposit will earn lower interest, maybe.
I think most people’s money in the Fixed Deposit (FD) is already earning a lower interest; below 2% in interest at this point in time. Yes, I know this is really not a good time for those who rely on just the FD and has little diversification on anything else. Some say too dangerous but…
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Unemployment Malaysia: So many people out of job, would this crash the economy?
Unemployment Malaysia numbers, after 4 months of downtrend has gone up slightly. This is a good indicator of whether it’s easy to find jobs or not. Truth is jobs are still aplenty but the requirements may not be easy for everybody. For a list of all jobs, here’s JobStreet.com Malaysia. Just need to start searching…
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ICAEW: ASEAN economies rebounding in 2021 but dependent on a few factors
A reader of kopiandproperty.my posted this news. Briefly, it says positive things about ASEAN economies. ASEAN economies are seen to be rebounding in 2021. Happy reading to understand more and my personal thoughts right at the end of why 2021 will be a good year if we look at 2020 where the demand has been…
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When big brands fail, jobs will be lost. Up to 25,000 people will need new jobs
When big brands fail, the often cited reason is due to online competition. Sometimes, do we really believe this is the reason? I mean if the brand has huge support, it is so easy to just set up an online retail site right? Perhaps there are other reasons but it’s okay. Let’s just believe that…
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Wage Subsidy? 2.64 million Malaysians have money to spend
Why wage subsidy is very important to the economy. We recently saw the very hotly debated i-Sinar. Some say the requirements are too tough. Frankly, if one does NOT need it as a last resort, please do not apply for it. This is for a new handphone or downpayment for a new car. This is…
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Gross impaired loans has grown 3.6% in October. Bad?
Malaysia’s gross impaired loans has growth 3.6% in October. When we get ourselves a loan, we need to continue paying for it every month. Moratorium meant that we could stop paying but once it’s over, we need to restart the payment. Non-Performing Loan (NPL) is when borrowers fail to pay their loans for 3 months.…
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One bank declared dividend already. Wondering about all other banks.
After reporting profits for the financial year ending 31st Dec 2020, Maybank has declared dividend (single-tier interim dividend) of 13.5 sen. Yes, I start to wonder how will all other banks be reacting to this. By the way, from all the reports I read, I have not read about any bank suffering huge losses because…
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i-Sinar is now available to more people
i-Sinar seems to be a hot topic recently. Here’s an update. If you are an Employees Provident Fund (EPF) member, then this is news to you. If you are an EPF member and you are facing financial difficulties, for example lost your job, being put on unpaid leave and even having no source of income,…
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No inflation. No need to raise interest rates?
No inflation means no need to raise interest rates? Inflation is NOT necessarily bad, in case we think inflation is always bad. High inflation is bad because it meant that people’s purchasing power is reduced. The reason is because our salary is adjusted every year (12 months) while inflation increase can happen every month. Briefly,…
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Negative GDP growth of 2.7pct? Can this be positive news?
Yeah, Malaysia’s Q3 showed a negative GDP growth. Let’s talk about that shortly. I am very sure many thinks this is very negative? We see what we want to see, really When we scroll through our Facebook and we click on some news which was forwarded by our friends and those news were all negative…