Category: Malaysian economy and BNM
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New income threshold for B40, M40 and T20. Makes more sense?
Did you know that there’s now a new income threshold for B40, M40 and T20. Maybe you did not even know that Malaysian households were classified into the B40, M40 and the T20 groupings? Do you know which grouping are you currently in? The B40 may say they do not have enough, the M40 may…
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The right focus for 8th PM? The economy first. I agree.
I am not an economist. Extremely far from it. I am also not a political analyst. Nowhere near it. I am however an avid reader and yes, I do have a business degree as well as an MBA. Thats why I do write more than just about buying property, selling property and everything property. Haha.…
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Rejoice or Despair? Rates are cut to lowest in 10 years. (almost)
I should be happy with another rate cut from our Bank Negara Malaysia (BNM). Another cut of 25 basis points or 0.25%. Home owners should be happy. 25 basis point for a RM500,000 loan is a reduction (savings) of RM67 for that home owner. The higher the loan, the higher the savings. The lower the…
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Banks’ profits is a good indicator of the market health
Beyond all the many differing views about the state of the economy, especially depending on everyone’s own ‘narrow’ viewpoints to suit what how they wish to influence, we could also look at the banks’ for a lot of clues about the market. The more important sign would be profitability. Let’s understand that if the whole…
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This is Malaysia’s stimulus to fight effects of COVID-19
Many governments have announced their COVID-19 stimulus packages to help the economic growth which has been badly affected by COVID-19. This includes Hong Kong’s stimulus: Hong Kong’s budget to combat COVID-19 and our close neighbour Singapore’s measures: Singapore’s budget to combat COVID-19 I think both have their own advantages and both gave out cash to…
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Jobs, Jobs and Jobs. That’s the foundation to our investments.
Anyone intending to buy a property will need to get a loan. Well, nearly everyone except a buyer for one my condos who paid for it by cash. Thus, the process was a breeze and the keys were handed over within 30 days. The new owner is still staying there happily. She did not need…
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Help is coming (economic stimulus). Please hold on. (businesses)
Many countries have started to state their intention to launch stimulus packages to support businesses and industries affected by the covid-19 (coronavirus). This is because if these industries are in trouble, businesses will be affected and retrenchments may happen. When people lose their jobs, then they will have problems in paying for their loans and…
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Slowest GDP growth since 2009. Not a good news but …
I am someone who thinks the Malaysian economy is diversified enough. Gone were the days when petroleum were holding us by the neck. Now, the effect is much smaller. As for the GDP growth for 2019, the number was lower than my own estimation. I think the Home Ownership Campaign could have been successful in…
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Oh dear, 95,000 bookings cancelled due to coronavirus. How bad is this?
I was in Penang just last weekend and had the chance to catch up with my good friend Miichael Yeoh. He told me that he has news of many AirBnB booking cancellations due to the coronavirus. Actually, this is not the first time I heard of such cancellations. In fact this has cropped up in…
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6 more weeks and coronavirus will affect the Malaysian economy hard.
This was one recent article about how the coronavirus will affect the world economy. The writer shared many points to show that the virus will not significantly affect the world economy unless of course the coronavirus is prolonged. Here’s that article: The coronavirus worry. How will it affect the world economy Needless to say I…