Category: Malaysian economy and BNM
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International Reserves – RM390.4 billion as at 30th June 2016
Hope everyone is at least aware that sudden financial crisis most probably would not start with Malaysia, based on the reserves numbers. Do google for the reserve numbers of some of the other more developed countries to understand my meaning. 1998 vs today? Actual statement from Bank Negara Malaysia’s press statement on 5th July 2016.…
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World Bank: 2017 will be a recovery year for Malaysia
Before we buy any property, we should also at least note the expert comments on Malaysia, especially from World Bank, International Monetary Fund (IMF) or even in the near future, Asian Infrastructure Investment Bank. As reported in Starbiz, World Bank has this to say about Malaysia. The malaysian economy will be growing at a…
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EPF new Shariah-compliant savings scheme
It’s important to note another new choice for all Employee Provident Fund (EPF) members. They can choose to switch their account to Simpanan Shariah beginning 8th August 2016. The only catch is that this is subject to first come first serve basis. The initial fund size is RM100 billion. As soon as it is over, members…
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Yes, it’s officially BREXIT instead of BREMAIN
My article on this earlier. Brexit and UK property market – Wall Street journal. It has ended. Nope I am not talking about the UK economy. I am talking about the referendum. It’s over, the people have voted and the UK will exit European Union. By the way, it will not be happening next week.…
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Better H2 2016 for Malaysia, GDP growth at 4.4%
As a property investor here in Malaysia, I remain pretty optimistic. I think as long as we do not buy with our eyes closed, we should do just fine. 2018 can either be a great year or a recession. I take a longer term view than just 2 years. Reported in NST on 8th June…
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Global growth? DOWN. East Asia and Pacific? OKAY.
When the economy slows, the property market would not be too far behind. I think latest news is pointing in this direction. The World Bank, in its latest update of its Global Economic Prospects report has downgraded its 2016 global growth forecast by 0.5 per cent to 2.4 per cent. Read what earlier predictions were…
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YES, RM2 billion Toyota plant in Klang is confirmed
With investments comes jobs and with jobs comes salaries to buy properties. Haha. Yes, Klang folks would benefit from the latest announcement by UMW Toyota Motor Sdn Bhd (UMWT) who confirmed that it will build its second plant in the country. This will help to double its production to 100,000 units a year when it…
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Negative day indeed for Malaysia
Bad news do come at once. Date is 23 May 2016. The following were all news in the media within the same day. All are bad news indeed. EPF reports that its investment income has fallen by 36% in Q1 2016 and the whole 2016 would be a tough year. Chief executive officer Datuk Shahril Ridza Ridzuan…
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Malaysia Q1 2016 GDP, slowest since 2009
Malaysia’s Q1 GDP growth is at 4.2 percent. Note the word “growth.” This is the slowest ever since the 2009. Private-sector spending grew 5.1 percent. Gross exports increased by 1 percent. Many other key economic sectors slowed too. According to Bank Negara Malaysia new governor, Muhammad Ibrahim, Malaysia would still achieve its forecast growth of between 4%…
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Ringgit recovering, I stopped writing
A few friends who have followed me for some time asked me why have I stopped writing about Ringgit these days. It’s already recovering, right? Well, last year, I did write a few articles about Ringgit. Read one here: Summary Q2 2015:Malaysian economy, Ringgit and Zeti or this: 1998 vs 2015, just numbers no rhetorics In fact…
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12,000 jobs to go. Intel refocusses itself.
Retrenchments, large scale ones are always frowned upon. However, with changing trends, these corporate restructuring will be more and more common. Perhaps more importantly is to understand what could we do should the job we currently have is lost forever. Increased globalisation meant organisations could choose to relocate or locate their plants where the costs…
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Property sector becoming a risk to economic growth
Just last week, many reports have highlighted the danger of the increasing household debt. I wrote an article about it too. Here: Since household debt vd GDP so high, should we stop buying properties Reported in MalayMailOnline yesterday, Business Monitor International Ldt (BMI) said that the current slowing down of the property market may turn…