Category: Malaysian economy and BNM
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Malaysia’s property market in one word? Resilient.
Media release by FIABCI Malaysia: ”Property sector to remain resilient due to government’s economic stimulus package” FIABCI Malaysia believes the property sector in Malaysia will remain resilient with a projected soft landing this year due to the various measures introduced in the government’s economic stimulus package. FIABCI, the international real estate federation, Malaysian Chapter President…
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CEO’s views and all the potential demand.
I shared recently that it’s not all doom and gloom and COVID-19 is NOT going to bankrupt all offices. Companies are not going to allow all employees to work from home unless the circumstances force them to. The reason is simple, the cost of monitoring the effectiveness and efficiency will go up and come on……
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1 million doses of COVID-19 vaccines by September 2020?
In 1997, my Honours project paper was on pharmaceutical firms. Thus, I understood then that for a new drug to be developed, it may take years. This is because way before the human testing stage, it would have had to pass many different stages of testing so that it will be safe for human testing.…
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5.8% is not high enough. Now there’s a 9% prediction for GDP Malaysia
GDP is defined as “the total value of goods produced and services provided in a country during one year.” Very briefly, a growing economy means more jobs, higher earnings for businesses and a generally more positive sentiment. With a more positive sentiment, people buy more, businesses also expand and this helps the economy to grow…
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Here’s the money / incentive for a new car. Go get one.
Nolah, not in Malaysia. At least not yet from the government. Already announced RM260 billion stimulus. Not so soon lah. How many of you think that you want to buy a car right after the Movement Control Order (MCO)? Well, considering the fact that I have two cars and I barely drove one every 5…
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Have you gotten your share within the RM8.6 billion disbursed out?
You do not know about this RM 8.6 billion? Yes, I am speaking about our COVID-19 stimulus package with a total allocation of RM260 billion. The 3rd one was aimed at the SMEs Read here: Our important SMEs. Package 3 of stimulus is aimed at them. I was worried that this allocation will take a…
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Significant. 2.8% Contribution from Prihatin to Malaysia’s GDP for 2020.
We know, the current projection from Bank Negara Malaysia (BNM) for Malaysia’s GDP 2020 is not rosy. It ranges from a high of positive 0.5% (yeah, this is a high) and a low of negative 2%. Everything depends on how soon we could overcome COVID-19 and for businesses to start moving back to its normal…
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Our important SMEs. Covid-19 Stimulus Package 3 aimed at the SMEs. Details here.
SMEs of Malaysia contribute about 40% to the economy and employs 70% of the working people. Briefly, their contribution to many companies in terms of sales is huge. When people have money (salaries from the SMEs), they can sign up for broadband, buy a car, buy a home and well buy anything they desire. We…
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Normalisation will take time. Cruise trips too.
I was discussing with a good friend (via Whatsapp of course and not in some cafe okay) and we were talking about normalisation after the MCO. By 10th April 2020, a final decision will come from the Health Ministry based on the numbers of new infections on the ground. I do have my thoughts but…
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Problem. Some have started to stop paying their loans. Amount is RM27.86 billion.
What is Non-Performing Loan? (NPL) These are the loans which the borrowers have not been paying for 6 months or more. BNM’s link here for reference. For example, our mortgage is due but we do not have the money to pay for it. We could choose not to, the banks will send a reminder and…
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Alarming? Recession first in 2020, then only recovering in 2021.
Remember the recent assessment on the Malaysian economy just a while ago? Q1 GDP may be negative yeah Expectations from two local bank analysts are that it’s a negative Q1 for 2020. One says it’s as bad as 1.1% while another says it’s a negative 2.8%! As for the whole of 2020, this was one…