Category: Malaysian economy and BNM
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Finance Minister suggestion to BNM and the banks.
There was a huge issue these two days. It seems that the Hire Purchase moratorium does not include the exclusion of interest. Many have been sending the message that it should be waived and pointed that it was earlier communicated as such. This is the earlier article: If you need the moratorium, do what your…
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If you really want the moratorium on your Hire Purchase, just do what your bank says.
By the way, it’s very important to understand that when we owe someone some money, we need to pay it back. That someone may tell us that they will not charge us interest because we are their good friend or they may tell us that interest will be levied. To me, both are just fine.…
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What is a V-shaped economic recovery?
Macroeconomics is a branch of economics that studies how an overall economy—the market systems that operate on a large scale—behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment. This definition is a comprehensive one provided by investopedia.com (click any of the links to read)…
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It’s progressing. That Prihatin stimulus package.
When the economy stalls (not slows…), countries come up with stimulus plans to give businesses and the most vulnerable that breathing space. By the way, it is not supposed to provide the businesses with any profits or even the employees with the same salary they used to enjoy. It’s meant to help, that’s all. Thus,…
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Yea, you can now operate at full capability.
My good friend sent me this image below. He is the owner of a factory here in Selangor is classified as a Small and Medium sized Enterprise (SME). As he was unable to continue his production, he had a very frank discussion with his people. All of them agreed to take a 40-50% pay cut…
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Property sector recovery starts in Q4 2020?
I was speaking to a Chinese national working as a regional manager based in Shanghai, China just a few days ago. He was sharing about the situation in China after the COVID-19 situation. He said that he has been back to work in his office for 2 months. Nevertheless, he is still wearing a face…
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Why do they say ‘cut rates’ will help the economy?
Please tell me. Do you feel relieved with the current moratorium of 6 months for home loans? From April till the end of September? Where we get to restart our mortgage payment only in October 2020? Frequently asked questions on moratorium Actually, most Malaysians welcome the 6 months deferment. do. However, the current economic situation…
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2020 GDP forecast can be negative, can also be positive.
What are your thoughts for the GDP growth for 2020? After such a miserable Q1 plus the seemingly never ending Movement Control Order (MCO), I think everyone already expecting the worst numbers for Malaysia. The worst I heard from some of my friends? One said negative 5 percent. Let’s just say I fully disagree yeah.…
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That CUT is most probably coming to HELP
In March, our Bank Negara Malaysia (BNM) reduced the Overnight Policy Rate (OPR) by 25 bps. The reason was because BNM expected the economy to be affected by COVID-19 in the first quarter. Thus, in order to help the growth in subsequent quarters, this cut is necessary. The industries such as tourism-related and manufacturing have…
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Malaysia, we have ZERO inflation for 2020?
Everyone is scared of inflation. They always say the official inflation number does not reflect the situation on the ground. Well, I think they failed to understand that the inflation number is also about how much we spend as well. So, if inflation our friend or foe? (earlier article) Well, for 2020, we do not…
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Approved. Wage subsidy for nearly a million employees.
When people need money for food, they really need the money. Mortgage payments may have moratorium of 6 months but it’s impossible to skip meals without becoming sick, unhealthy and more vulnerable to COVID-19 infection. Rental would also have to be paid too even if the worker has been asked to take unpaid leave at…