Category: Malaysian economy and BNM
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WOW. SST collection in 2019 surpasses target. This shows economy is strong. (not said by me yeah…)
Do read an article on Goods and Services Tax (GST) and Sales and Services Tax (SST) if you would like to know why SST has a gap versus GST and why SST is good or why GST is better. Article: SST: For better or worse. The only thing we do not need to do is…
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If you earn MORE because of currency, then you better INVEST.
When we have the opportunity or rather we found a way to work overseas and we earn in a currency which is 3 times higher, what do we do with the salary over there? Well, let me tell you a real story. My brother works in a multi-national factory and he eats in the cafetaria…
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China and India? More will visit Malaysia in 2020. They need accommodation yeah…
I personally agree with the visa-free idea for 2020 for China and India (alphabetical order…). The two most populous nations in the world. Counting just slightly over 1% of their (China and India) population is already equal to the total population in Malaysia. Lets be pragmatic yeah. Even better, both are firmly ASIAN too. Both…
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Digital Banks. Financial access and solutions. Stability of financial system.
P2P lenders. China. If we are to google for these two words, we will find many articles on the horrible things which had happened. Perhaps the monitoring from the central bank could have been better to prevent the general public from simply borrowing ever more money because the requirements are lower than traditional banks. Many…
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NPLs as at October 2019? Erm… second highest since 2011. Start worrying for 2020?
I was just having a conversation with a founder of a startup the other day and we talked about property auctions. I told him that sometimes, when the auction has happened a few times and the price has gone very low, the banks themselves may step in and purchase the property instead. Else, someone may…
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Banks are really still lending. Need some proofs?
Yes, there are differences between banks rejecting loan applications because they do not quality versus refusing to lend because they feel their own non-performing-loans (NPLs) are becoming too high. The former remains true. The latter is definitely untrue because our NPL is still very low even by international standards. Image below for reference from ceicdata.com…
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Spending down. GDP growth slows. 2020.
One major reason why it’s important to have a positive sentiment is because people are willing to spend more of their money. Not too much but continuous moderate spending. When situation’s becoming negative, they tend to save their money instead of spending it. This is when the economy weakens and the GDP growth slows. In…
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Prediction on GDP growth for Malaysia in 2020?
Too many people asked me if Malaysia’s economy is in trouble. Actually, it’s very tough to answer with a one-line question. What’s the meaning of ‘in trouble?’ Recession? Even during a recession, some sectors remain fine. The many closures by some supermarkets? Well, there’s also lots of opening of supermarkets too… Anyway, let’s look at…
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World’s growing much slower. Signs.
Malaysia is a trading nation. We are ranked around 25 / 26th in the world based on import and export numbers. As per info from World Trade Organisation. We are 45th in the world based on population size. This meant that there are 44 countries having higher population than us. What these two things tell…
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Deflation better than inflation, right? 😛
Malaysians are worried about inflation. In fact every time the official inflation numbers are announced, it’s always considered as unrealistic. Then, everyone would claim that food prices are increasing so much because ringgit’s depreciating. Some parts of this argument about inflation is accurate. Well, now everyone wakes up to the news that Malaysia has hit…
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4.7 pct for 2018 is healthy. (Of course it is)
I was sharing my thoughts about the property market in Melaka yesterday (Yes, it’s still doing okay of course) and I touched upon the economy. I shared predictions by our Finance Minister, the IMF, the World Bank but before that I asked if there are people who thinks Malaysia will be going into a recession…
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EPF’s 6.15% return? I think it’s great (for 2018).
I like the previous CEO of EPF. (Earlier article here). I think a good CEO can do a lot, regardless of company. For current one, we will only know in a year or two later on the results. EPF has just announced the payout for 2018. I know, everyone has their own version of what…