Category: Malaysian economy and BNM
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Highest exports in Oct 2015 since Jan 2014!
I checked. Not even one person shared this piece of news in their Facebook page. I guess this is just too small a news even if every international rating agency would always be looking at export growth before they rate any country. Plus, the exports would determine the trade surplus / deficit and if the…
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China’s Renminbi is now IMF’s reserve currency
The world is really changing for the better. Renminbi (RMB) will join IMF’s basket of currency reserves. This meant it is now on the same level as US dollar (THE MOST USED), Euro, Yen (Japanese) and Pound. The last change made to this basket was in 2000, when the Euro replaced the German mark and French…
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Edra Global Energy Global Berhad to be sold to a consortium
Reported in Bloomberg dated 21 November 2015. Edra Global Energy (Edra) may be sold soon, to an international consortium. Yes, this international consortium has submitted a higher bid than our own Tenaga. Maybe it’s a good news for Tenaga since their shares were dumped when it was revealed that they were submitting a bid. Never…
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Q4 2015: Good FDI performance to continue
Reported in Business Times. From January 2015 to September 2015, total Foreign Direct Investment (FDI) into Malaysia is actually higher than the same period in 2014. (YES, this is despite the Ringgit kept depreciating while the economy is still chugging along). The FDI was up by over 5.8 percent FDI inflows rose by more than…
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Zeti: GDP up 4.7% for Q3, ringgit significantly undervalued
It’s okay, as usual I have yet to see even a single Facebook sharing about this piece of positive news. Reported in many medias, for Q3 2015, Malaysia’s gross domestic product (GDP) expanded by 4.7 percent. It’s lower than Q2 but is within expectations of majority of all analysts. It also meant that the 2015 projected…
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OECD Cuts growth. Another negative.
In case anyone missed an earlier article, do read about Citibank’s prediction of a global recession in 2016. Read here: Getting ready for the next global recession? In some recent news, the OECD has cut its global growth forecasts, sounding the alarm on stagnating trade. This also meant that the global recession may be coming…
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Malaysia: Exports still up, exceeding expectations
Another piece of encouraging news. With support from markets as diverse as the European Union, China and the US, Malaysia’s exports jumped 8.8% to RM70.20bil in September from a year ago. This is much higher than the expectations from economists which put the export growth at 3.6%. According to the Statistics department of Malaysia, on…
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Malaysia: Consumer confidence drops to new low
I personally do not believe consumer confidence is low. This is especially when I look at all the colleagues surrounding me in the office today. Every one of them have just changed to the latest Samsung or iPhone. I am the only one still using an old OPPO for the past 20 months. Do not…
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Malaysia: Better signs or better understanding?
If you have followed kopiandproperty.my for a while, you would note that I do not share the ‘about to go bankrupt‘ sentiment by many people about Malaysia. I think they are influenced too much by knowing too little. In fact over half of the callers to a radio show just a few weeks ago said…
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Getting ready for the next global recession?
In an article by a prominent economist, Tan Sri Lin See Yan in The Star, it was entitled, “Watch out for the next global recession.” To summarise, in the recently concluded IMF/World Bank annual meetings in Lima, Peru, global economic outlook appears to be a gloomy one. Growth forecasts were downgraded and it is now…