Category: Malaysian economy and BNM
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Klang Valley: Oversupply in commercial segment, updates.
Article from TheStar.com.my According to Jones Lang Wootton’s in-house research, a total of 13.332 million sq ft of office space, in the form of 33 office buildings, is scheduled to be completed in the Klang Valley over the next 30 months, and almost half of this, 6.586 million sq ft is scheduled for completion in the…
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iPhone’s softening demand drags down world stock markets?
iPhone users are typically very loyal to the brand. They may be proud to learn that iPhone is a very powerful device. Nope, not talking about its specs. The power of iPhone in affecting world stock markets. Here’s that article saying so in TheStar: Apple, trade woes sink global stocks; growth worries drag on US$ Due…
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Another RM1.88 billion coming into the property market
It’s always good to note that while sentiment among the first-time home buyers are not that positive, there are a lot of investors who have a firm belief with the long term potential of the Malaysian property market. Earlier article here: RM10 billion by CPCG into the Malaysian property market Now, we have another one.…
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A weaker Ringgit due to a stronger greenback (2019…)
Do you like a stronger Ringgit? I do. Especially because I love travelling. Well, bad news for us, at least for 2019. Bank Negara Malaysia (BNM) expects the ringgit to continue to depreciate against the US dollar next year, as the greenback continues to grow stronger and also due to other external uncertainties. Our BNM Governor,…
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HIGHEST since October 2008! Positive for the Ringgit, hopefully?
By the way, the strength of a currency SHOULD depend on the trade. The higher the exports, the higher the demand for our currency and the value should appreciate. It should NOT be based on speculative stuffs. As a trading nation, Malaysia is ranked 25th out of over 200 countries in the world. Yes, for…
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Taxes, governments, people and economic growth
Rumours never stop. Do they usually come true or turn out to be false? Anyway, without spark, there’s no fire. Of course, we do have fire extinguishers too which can take out the fire fast. This is the Article in FreeMalaysiaToday: Investors brace for tax on capital gains, consumers It quoted Geoffrey Ng, a director of Fortress…
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Oh dear, new RM28.63 billion of obligations for 1MDB?
These days, 1MDB is not that hot n issue anymore. It is now part of the new government’s issue. Recently, The Straits Times of Singapore reported that 1MDB’s debt obligations could be as high as US$6.9billion (RM28.63 billion) and that Malaysia is NOT aware of it. (Okay, we have debts that we do not know,…
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New taxes to pay debts; small kitten back to Asian tiger?
GST has been zerorized. People seems to be happy and we could see that car sales hit record levels. Earlier article here. Some car companies had to work around the clock to fulfill some of these requirements. SST has already started for slightly over one month. Well, there are debts beyond just the difference of…
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Abolition of tolls in 2-3 months. (The decision lah…)
A long long time ago, our 4th Prime Minister asked a company to build the North-South expressway. Actually, no one knows if the company will be profitable when the expressway is completed and the tolls started. That was why some people say it is a waste of money and even objected to it strongly. Fortunately,…