Category: Malaysian economy and BNM
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Positive near future. U-shaped recovery for ASEAN + 3.
After a devastating Q1 2020 due to the COVID-19 pandemic, China’s growing again though nowhere near it’s previous GDP growth. It (China) grew by 3.2% in Q2 2020. This is after a minus 6.8% in Q1 2020. Do read the article here. While the growth is going to be affected by the world’s COVID-19 situation…
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BNM takes the lead, now we should have a gentler October.
There’s always that feeling that come October, there will be casualties all over among the SMEs which will struggle to start repaying their loans. This is because their businesses which had been affected by the COVID-19 has yet to recover or for some not yet fully recovered. This is despite the reopening of the economy.…
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Penangites ah, time to work harder please.
The more people in the country, the higher demand for goods and services. This is why countries with huge population would always fare better than small countries once they got the economy moving into the right direction. Malaysian population should be close to 33 million currently. Want to know where we are versus the world?…
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Alarming? Huge losses for airlines?
Just a few days ago, a good friend who’s a manager and an avid investor (stocks and property) reiterated that we need to look beyond the current happening in order to really understand the investment potential, whether it’s stock market or the property market. Even though we were drinking at the time, I think his…
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Exciting Happening. We get free money.
Is RM50 a lot of money? Erm… how to answer this question. Never mind, read on. Okay, this free money is not enough to buy that brand new handbag priced at RM500 after a 50 percent discount yeah. However, if we are speaking about RM750 million which is aimed at boosting spending and which will…
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Income tax waivers for ratepayers and companies? Already proposed.
Anyone here loves to pax tax? Well, I do like to pay ever higher tax because it also meant that I earn more and more year after year. What about this question then? Do you want income tax waivers? Means whatever tax you are supposed to pay, you pay much lower for one year? Wrong…
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Losing RM45 billion is scary, really. Please get it back, get more.
Tourism industry is not in a good shape for the past many months. No inbound tourists from overseas, no local tourists because everyone must stay at home. Now that it’s Recovery Movement Control Order (RMCO), some of these tourism players may get some business again. It will not recover suddenly yeah. Unemployment number shot up…
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Overnight Policy Rate (OPR) has been reduced further by BNM.
This is BNM’s Press Release. In brief, another 25 basis points and now the OPR is at 1.75%. Happiness for home owners who are still paying (including me who owns a property here in Greater Kuala Lumpur) but would be a further reduction in returns of those who rely on Fixed Deposits. Well, hopefully this…
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Property Bubble is negative. Travel / Green Bubble is positive. Which country to start first?
If the question is whether Malaysia will welcome international visitors again, the answer is yes. If the question is when, then it may be a little more tricky. Malaysia does not wish to open its borders to all countries and for countries which it opens its borders to, it expects that country to reciprocate too.…
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Sometimes, Malaysia may not be ranked. I am fine!
We love rankings. Especially the ones showing that we are well ahead of everyone else. We are in a good country. We were also the 7th best place to retire. (we are all already here…) We lost only to Ecuador, Colombia, Mexico, Costa Rica, Panama and Portugal. (Perhaps it’s also good to read a bit…