Category: Malaysian economy and BNM
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Malaysia’s inflation rate is expected to normalise in 2021. Consider good news?
What’s happening to the economy if the inflation rate is close to zero? What about if it is expected to normalise in 2021? Generally, if inflation it’s going up, it should be bad news, right? Since inflation is supposed to be bad. If inflation is staying near zero, is that great news for the country?…
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MM2H should be encouraged, enhanced.
I love MM2H and I think MM2H should be encouraged. The programme can definitely be enhanced to keep making it ever better while at the same time attractive. Every time someone tells me about some countries they love to retire in, I always ask them what are their reasons to choose that country. They will…
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7 things about car sales in Malaysia. Why is it important?
Car sales in Malaysia has been on an uptrend. Probably a lot of it has to do with the fact that there are many new models being launched as well as the exemption of car sales tax until 31st December 2020. There’s the Proton X50 which has hit over 27,000 bookings. Yeah, I do think…
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Budget 2021 highlights for the rakyat. Smile?
This is the budget 2021 highlights for the rakyat. It means what I personally think will be money into the pockets of the people and the spending will become a multiplier effect to the economy. Please understand that no measures taken should be on BLANKET basis because if we give money to people who still…
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What’s in Budget 2021 for property market? More than 4 positive things.
What’s in Budget 2021 for property market? There are definitely more than 4 things. There could be more as we go along I believe but for now, here are some good news, especially to targeted groups. #1 – The RM500,000 or below starter homes likely to boom Buyers for first homes priced below RM500,000 will…
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Bank Negara Malaysia has decided on the OPR. Are you happy?
The below would be the announcement from Bank Negara Malaysia (BNM) on the Overnight Policy Rate (OPR). Briefly, BNM has confidence that recovery of the economy is still on track even if we are currently in 3rd wave of the COVID-19 pandemic. They have seen indicators from the economic activities and it is also taking…
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Property price based on inflation. 1 reason to show why this is okay.
How should property price be moving? How about property price based on inflation? As all of us know, inflation affects everything anyway. If there’s no inflation at all and we are still doing the same job, there’s no need for any increment. The increment serves a purpose. It is to ensure out life next year…
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I would really like to have an air bubble with Malaysia.
“I would really like to have an air bubble with Malaysia.” This was mentioned by Singapore’s Transport Minister Ong Ye Kung during an exclusive interview with The Straits Times’ news editor Karamjit Kaur. Article in nst.com.my He also said, “But as of now, the cases in Malaysia are quite high, so I think we will…
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Good news? BNM to cut OPR in November?
BNM to cut OPR in November? This is a question which was on everyone’s mind for September but it did not happen then. Should BNM cut OPR in November then? By the way, cutting Overnight Policy Rate is not considered a good news yeah, even if everyone seem to think that this is a positive…
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Maxis Q3 2020 profit is RM365 million
This is an article about a telecommunications company which is doing well; Maxis Q3 2020 result. Yes, if employees continue to get their usual pay, I think they may just contribute to the property market transaction numbers too. I was a super loyal Maxis subscriber since year 2000 all the way to 2019. 🙂 Too…
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Of lower unemployment number and higher GDP recovery
High unemployment is not good. Lower unemployment numbers are good. No jobs, no money. No money, no recovery. No recovery definitely cannot buy property. Thus, a lower unemployment number will mean higher the recovery that we could expect for the economy. ONLY if the economy is moving that people could spend more. Only when we…
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Are banks still resilient in Malaysia? Who says what?
Do you think banks are still doing fine? Are banks still resilient in Malaysia? After 6 months of moratorium and another 3 months of extension? What happened during the moratorium, briefly? This was when banks were asked to continue paying salaries to all their employees (over 164,000 of them as per this report by BNM)…