Category: Malaysian economy and BNM
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CNY gathering: Jobs, Properties and Record Year
The thing I love most about Chinese New Year would be gatherings with friends. Whatsapp or even Facebook is no substitute of actually shaking their hands or even a warm hug followed by laughters and then bidding goodbye till next year. In one of those gatherings this year, it was with a group of awesome…
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Stability is very important for a currency – NOT for speculation
Today (18th january 2017), I read an article about Bank Negara Malaysia’s (BNM) comments about the ringgit. I think it helps everyone to understand the measures taken by BNM. The measures were meant to ensure that ringgit is used for trade purposes. Before these measures, the ringgit transactions for non-trade purposes was by far higher…
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BNM: Stabilising ringgit is priority and welcoming long-term investors
There is no need to read this particular article if you believe ringgit is dropping because the economy is in a crisis. We are in trade surplus while that other currency is SUFFERING from trade deficits. That is one reason why its new President will boost its economy soon. Anyway, back to ringgit. I seriously…
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Trading with local currencies instead, now it’s TH, MY and ID.
I always see ASEAN as an awesome place. Nearly 30 percent of Malaysia’s trade is with ASEAN. (Source: Matrade.gov.my) Reason is simple. Better be integrated, else we will allow the other world of economic groups take charge while we continue to lose out individually. Some time back, the central banks of Malaysia and Thailand agreed…
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Credit Suisse: Malaysian economy growing faster in 2017 versus 2016
2016 has been a bad year? Mixed year? Or for the over 70 percent professionals who are expecting bonusses, perhaps not too bad at all? Read here: Malaysian professionals: 77% expects a bonus, 74 percent awaits pay rise Thus far the expectation from the International Monetary Fund (IMF) is that Malaysia will grow by 4.2 percent…
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IMF to Malaysia: Growing yes but WATCH OUT
The International Monetary Fund (IMF) had just said some good things, some warnings and even additional information about the state of the economy in Malaysia. You can read the full here or the brief below. (With comments by someone without an economic degree, that’s me.) Watch out! Two major issues for Malaysia is the country’s…
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International Reserves, after Ringgit’s sudden tumble
No, Malaysia is not yet bankrupt and not anywhere near becoming a bankrupt nation. Yes, I believe the current intervention by BNM to help stabilise the Ringgit is perfectly fine. We are a sovereign nation and BNM should safeguard our interests first. Maybe if there are more disemmination of information on what’s happening may be…
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All the countries are worst compared to the U.S. economy? NO!
During lunch today, my colleague said better change more Ringgit into other currencies first. Ringgit will continue to depreciate. I disagree and repeated, ‘US$ will continue appreciating at least until their direction is clearer or after the rates have risen.’ Ringgit is way too small a currency to defend against all these huge movements. Fortunately,…
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Maybank’s first 9 months, Profit Before Tax is 11.9% lower than 2015
Did you know Maybank is the 4th largest bank by assets within South East Asia? I do but I was reminded about it again by an article in thestar.com.my Yes, good news for Maybank. It has posted a 55.1% up in profit before tax (PBT) for Q3 FY2016. I thought it has been a tough…
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Yes, OPR stays at 3 percent; accommodative stance for economy.
Malaysians who want to know a bit more about our own economy should read Bank Negara Malaysia (BNM)’s statements. Most of the time, it’s concise enough and comes with many numbers and stats that helps us to understand what is really happening. Sorry, there are no statements such as ‘Malaysian economy is good’ but without…
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World Bank: Malaysia is a GOOD destination for global investors
I do not always agree with World Bank even if their analysts are by far more qualified than me. Haha. However, I do agree with their latest view from their representative to Malaysia / country manager Faris Hadid-Zervos. He said that good investment climate and competitive costs are providing global investors with conducive business environment…