Category: Malaysian economy and BNM
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Higher unemployment in Malaysia? 30 percent?
Many people say actually… there’s a likelihood of a higher unemployment in Malaysia. Just that these data were not captured properly. Well, I do think most people in most countries may also think the same except for a few countries yeah. Anyway, officially we are around 5% for unemployment. Earlier article here: Unemployment highest since…
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Positive. Malaysian household spending to increase in 2021. What about you?
It’s a simple fact. Wirth higher salary comes higher spending. If Malaysian household spending is to increase in 2021, it means that the Malaysian household income is stable and Malaysians feel positive about spending. If their salaries go up (bonus and increments), the spending goes up too. Fitch Solutions Group Ltd has just forecasted that…
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Is the worst over for the economy?
Someone I would like to have coffee and learn from in the near future posted this in his FB page. It’s a good snapshot of Malaysia’s economy. So, the question is this, “is the worst over for the economy?’ One important takeaway if the worst is over: What are the decisions we want to make…
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COVID-19 normalisation: Flights are increasing again and beyond before COVID-19. Good sign?
Do you believe flights are increasing again? What are your holiday plans for the upcoming school holidays? (even if it’s a short one). When do you think you will fly again? My daughter who’s 7 years old has probably flew 50 times. In other words, 7-8 flights ever year. Well, COVID-19 arrived and MCO started…
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Fastest shrinking population of the world is in Asia? Increasing retirement age…
Could the fastest shrinking population happen in Asia? Well, if we look at the larger ones, Asia has China, India and Indonesia. China has 1.44 billion population, India has 1.38 billion and Indonesia has 274 million. These three countries alone account for 3.1 billion population out of the world’s 7.8 billion population. This is 40%…
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Why did BNM keep the rates unchanged?
Fixed deposit’s rates should stay the same. Mortgage rates should also be staying the same. At least the older folks do not need need to feel even more worried. As for the home buyers, current rates are already low… Bank Negara Malaysia (BNM) has decided to keep the Overnight Policy Rate (OPR) unchanged at 1.75%.…
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Surprised? Malls start to show vibrancy again.
Malls for me will be a great sign of whether we are recovering or are we in another crisis. Do note that when a crisis happens, unemployment becomes so acute that even when people have money to spend, they dare not spend for fear of what’s happening next. Here’s a latest one from my latest…
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Why is another rate cut important and why rate cuts need not be too hasty?
For a 65-year old who has no income When a 65 year old with a few hundred thousands in the bank heard of another rate cut, he sighed. He has no other income and relies on the interest from his fixed deposit for his daily living expenses. The latest fixed deposit rate for him may…
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RM941.73 million profits PER QUARTER. Good or bad?
If you were to ask most of the companies which are listed in Bursa exchange whether they would love to be earning RM941.73 million per quarter, the answer is a resounding yes. By the way, even the largest glove company in Malaysia, Top Glove’s super unbelievable quarterly profit for Q2 2020 is at only at…
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Worst is over. Gradual recovery is the flavour.
As usual, another someone said I am too positive. Haha. Anything wrong with being positive yeah? By the way positive does not mean I am not objective yeah. Just that from the two sides of a coin, I see the brighter part more, that’s all. Some may prefer to see the more negative part, that’s…
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Don’t worry? GDP contracted by 17.1% Q2 2020.
This was the title in an article in channelnewsasia.com, “Malaysia economy contracts 17.1% in 2nd quarter, worst slump since 1998 financial crisis” (yeah, you can click to read the article if you like). Briefly, it looks bad, really bad when it comes to the GDP of Malaysia for Q2 2020. When the economy is in…