Category: Malaysian economy and BNM
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Moratorium and economic recovery. Business closures and retrenchments.
Do we see any relevance to these 4 things? Moratorium, economic recovery, business closures and retrenchments? Let’s run through it briefly and perhaps have a brief conclusion at the end. Moratorium of 6 months was a clever decision. It gives everyone a breathing space; businesses and employees may now stay focused on how to save…
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Are we going to recover from COVID-19 quickly?
I subscribe to visualcapitalist.com I think everyone should. They have very informative charts for everyone to understand where we are, where are we heading and perhaps telling us if we have a window of opportunity to do something about it. One latest table and infographics they have would be on country’s reopening as well as…
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the KopiTalk #1: Let’s talk about Economic Recovery Plan (ERP)
Update. The FB Live Session is as below. Just scroll to 3rd minute to start watching and learning from Sr. Michael Geh, FIABCI President (Malaysian Chapter) Happy watching! Prime Minister Tan Sri Muhyiddin Yassin will be unveiling the Economic Recovery Plan (ERP) / Pelan Pemulihan Ekonomi on 5th June 2020 at 3pm. We have yet to know…
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Our Economic Recovery Plan: Focus on just 3 things
Within the last 5 years, these were our GDP growth numbers. No longer like the 80s or the 90s but very healthy numbers nevertheless. Our reliance only on oil revenues have also dropped over the years and this should be good for the economy. Well, if only GST is still around, it could play its…
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When everyone is back to work, economy moves again.
Are you still at home? Working from home or still nothing to do? Hopefully it’s the former. COVID-19 has wrecked havoc our plans for 2020. Many things I wish to do is now pushed back as well. However, I feel blessed that all may loved ones are safe and we could continue to keep everyone…
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What’s reopening? The journey towards normalization while waiting for vaccine.
Schools are reopening in Vietnam, New Zealand and Germany. Article in VOX.com here. German students test themselves for COVID-19 every 4 days. Tests come back within the same day and the student could then proceed to go to school with a green sticker; there is no need to wear a mask. In Vietnam, temperature checks…
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RM10 a few months ago? That same thing may just be cheaper today.
They say prices always go up. I also think so. I have been buying the noodles when RM4 was considered expensive. These days, RM6.50 is considered cheap. 😛 That’s inflation… They also say the government does not understand that the inflation is increasing much faster than the official number. Erm… they may be wrong this…
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The 1998 financial crisis and the one in 2020. (are they similar?)
An old friend (number of years I have known him, not his age) and I were chit-chatting and he asked me what’s the window of opportunity to buy a property at the lowest possible price. I replied him that I have no idea. In fact I do not know of anyone who could say they…
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Malaysian economy to recover only in 2021. Bad news?
By the way, if you still do not know, the latest forecasts about Malaysia’s economy are all in the negative territory. Ambank Research says negative 1.1% for 2020. This was Ambank Research’s comment, ““The pandemic virus impact, added with the collapse in oil prices, just aggravated some of the already weak sectors while dampening new…
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GDP Malaysia for Q1 2020? Still POSITIVE! What about Q2? What about 2021?
Yes, this has been officially announced, so it’s not a forecast or an estimate. GDP for Malaysia in Q1 2020 is a GROWTH. It’s a positive 0.7% for Q1 2020 GDP growth. We could see from the chart provided by Bank Negara Malaysia (BNM) showing that the consumption from the private sector was positive but…
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FINAL. No accrual of interest for your Hire-Purchase. Read on to understand.
Full statement below. Translated into English by me on the important announcement. Where there are discrepancies, the statement by the Finance Ministry is the official copy. “An agreement has been reached with banking industry to ensure that the monthly instalment amount of the loan will remain the same for the borrower (whether conventional and Shariah)…
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Yes! Our monthly mortgage is now even lower!
BNM has reduced the Overnight Policy Rate! (OPR) In case you still did not know, our interest rate is now lowest since 2010. OPR has been reduced by Bank Negara Malaysia (BNM) again today by 50 basis points. The rate is currently at 2 percent. This is a decision by its Monetary Policy Committee today…