Category: Malaysian economy and BNM
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Fundamentally, Malaysia is better than MANY, including that country.
Today is another good day. BERSIH 5.0 came and go without any untoward incidents. It meant that Malaysians are mature enough to understand that exercising rights to demonstrate has nothing to do with creating havoc. Thank you all those who participated and thank you to all those who were committed to keep peace regardless of…
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Ringgit should be driven only by fundamentals and genuine trade
Yes, I personally believe everyone should understand and note that currency movements, especially for emerging markets are due to external issues and has nothing to do with sudden deterioration of fundamentals. Anyway, it can’t happen overnight and certainly not when the GDP of Malaysia for Q3 is still positive. I also DISLIKE anyone manipulating currencies…
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Franklin Templeton on Malaysia’s economy and deficit
This is what Franklin Templeton said about Malaysia, in summary. Who is Franklin Templeton? It is one of the world’s largest asset management groups (WIKI) or read about them here. Malaysia has progressively narrowed its fiscal deficit, putting in painful measures such as the Goods & Services Tax (GST), reducing fuel subsidies and diversifying its…
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Malaysia subscribing up to US$109.5 million in AIIB
I like the Asian Infrastructure Investment Bank (AIIB) which is definitely more ASIA centric. In fact due to its potential, many countries who signed up to be founding members are not even ASIAN nations. There are a total of 56 founding members. Yes, this is definitely a wow, right. Here’s some of them: China, India, Malaysia,…
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Fitch: Malaysian banks are on negative outlook
Banks are an important barometer to a country’s economy. When banks are in trouble, they could not lend money and this causes businesses to face financial difficulties. Even today, banks are said to have tightened their lending standards and thus many were unable to get loans for their first home. Fitch Ratings in an article…
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World Bank says Malaysia down in 2016 and up in 2017
The World Bank knows it all and is seldom wrong. Haha. Okay, let’s listen to what they have to say about the Malaysian gross domestic product (GDP). If you want, you can also read the full report here in NST. In brief, World Bank said for 2016, Malaysia’s GDP will fall to only a growth of 4…
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RM200 billion worth of construction jobs and 7,000 jobs
We should be aware of what’s happening with the construction sector in Malaysia. Regardless of any type of economic activity, it usually has to start with construction. We cannot get more international students or medical tourists without more buildings being built in advance. This is true even for the electronics exports; no new factories meant…
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More investments, more jobs and more property demand?
In order to have higher transaction numbers, besides just improving the sentiment, we need to also focus on the economic fundamentals; new investments to create new businesses and thus more new jobs. Without more people earning a fixed salary, the demand for property cannot continue to go up. Thus, I think the below news is…