Category: Malaysian economy and BNM
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For Q1, GDP may just be negative. (erm… panic buying did not help?)
Remember the panic buying just 2 weeks ago? Where so many people were buying so much groceries as if they have to feed one whole school? It was as if the all the supermarkets were on sale except that it was not. When the Movement Control Order (MCO) was announced, the very next day, the…
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Not a ‘business as usual’ solution. Kickstart with fiscal injection.
The RM250 billion stimulus was announced yesterday. Article here. The discussion has already started in FB. Some say thank you. Some say it’s not enough. Some say it should be more detailed. Some say where is the money going to come from? Well, how about just hear what the Finance Minister Tengku Datuk Seri Zafrul…
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There’s silver lining within the global pandemic for the logistics sector.
News release by Knight Frank Malaysia: Logistics Sector: Silver Lining behind the Global Pandemic 28 March 2020, Malaysia – The coronavirus (COVID-19) pandemic is sending global economies, including Malaysia’s, reeling. Hospitality, tourism and aviation related segments are being hit the hardest evident by cancellations of flights, tour packages and hotel bookings following international travel restrictions…
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A RM250 billion stimulus for Malaysia due to COVID-19. Details here (in English)
Yes, the second stimulus package is RM250 billion. The first one was RM20 billion announced earlier. (article here) It’s called Pakej Rangsangan Ekonomi Prihatin Rakyat (PRIHATIN) Within this RM250 billion package, nearly RM128 billion will be for the welfare of the people, RM100 billion for the business including SMEs and RM2 billion to improve the…
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Do you like to earn 1% interest per annum for your savings? Or lower?
I admit, this is a trick question. I could have asked would you like to earn 10% interest per annum for your savings too. Just note that when we get an annual return of 1%, of course the rates for our home loans will also be low as well. It may just be 2% or…
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Sufficient liquidity in the banking system. Monitoring also in place.
This has happened: BNM’s 6 months moratorium on loans for businesses and Malaysianns. So, yes, it is still a hot topic at the moment and many questions were also asked. This was asked to me too, “Could I get a 100% home loan” since Bank Negara Malaysia (BNM) has eased the financial approval requirements? The…
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Frequently Asked Questions on Loan/Financing Deferment Measure. (moratorium of 6 months)
If you have a loan currently and you like to know what happens with the loan since there’s now a moratorium on all business and personal bank loans for 6 months beginning April 2020, the below is the FAQ by Bank Negara Malaysia (BNM). You may click here for the pdf copy in BNM or…
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BNM: 6 months moratorium on all bank loans (except credit card balances)
Just in case you still did not receive this via Whatsapp and you forgotten to login to Facebook and for some of us who have never listened to the news on tv today, here’s a big news for Malaysia from our Bank Negara Malaysia (BNM). It’s now an automatic six-month moratorium on all bank loans…
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Potentially another CUT in May 2020. Happy? (COVID-19 is one reason)
Let’s just say that I am not always a happy man every time the Overnight Policy Rate (OPR) is cut. I know, the monthly mortgage gets lowered but lowering of rates also meant that the economy is not at where it should be. Thus, monetary policy tweaking is needed to sustain the growth or to…
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Oh dear. Lower GDP growth forecast for 2020. Positive number though.
Someone asked me some time back, how come news which many perceive as negative, my article may still have a positive spin to it. I think it’s really a perspective basis yeah. I know, bad news will ensure more clicks and I know that’s why many will post bad news on their FB post for…
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This may just be the worst down cycle for property development.
Today is the 3rd day that I am staying at home due to the Movement Control Order (MCO). During these 3 days, I have made two quick trips to the supermarket because I did not want to be at the supermarket when the whole KL was panic buying before the MCO. I guess I have…