Category: Malaysian economy and BNM
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Sweet 18 is definitely a good ranking against the world
This morning I listened to a radio channel (chinese) and I switched to another channel when the lady radio deejay tried to sound professional about Malaysia’s latest ranking for World Bank’s “Ease of Doing Business Report 2016”. She said three things which shows that she is reading too much Facebook comments or reads nothing at all.…
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Household loans growth? Slow and slowing too.
Are people still buying cars, properties and even smartphones? Of course they are, but signs are there showing ever slowing trends. An article in The Star showed the chart for loans growth for both the household and business from August 2012 to August 2015. Still remember the alarm about the extremely high household debt to GDP?…
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Has Malaysia’s fundamentals suddenly changed better?
I received a few comments when I wrote this: Malaysia will be facing a tough situation soon, wow So, has Malaysia’s fundamental suddenly changed within the past few days? The answer has to be a yes because the Ringgit jumped up the most within a day versus USD since 1998. Anyway, nothing has changed. It just…
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I hate it when US economy has bad news.
Just read this in The Edge Malaysia. I hate it when there are bad news for the US economy. Come on, grow and maintain the growth! Latest jobs data for September showed that the numbers are far short of expectations and with this comes the potential delay of an interest rate hike. Federal Reserve is…
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WEF: Malaysia is 18th out of 140 economies
Hey, I found another piece of news which many would either ignore or say this must be fabricated, somehow. How can a country so many said is turning into a failed state be ranked so high versus the world today? Malaysia is ranked 18th in the latest world competitiveness report by the World Economic Forum.…
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Impossible, how can Ringgit be Most Attractive?
This evening, 17th September, I read a shocking news. An international investment bank said Ringgit is the most attractive compared to all other emerging market peers. Sounds unbelievable? Well, their reasons are as follows. Morgan Stanley Investment Management predicts that the ringgit as well as rupiah will outperform peers despite both having dropped to their…
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Malaysia will be facing a tough situation soon, wow.
A close friend forwarded a WhatsApp message a few days ago. It was a warning which was about the number of people who have been laid off by MAS, RHB, CIMB, a few manufacturing companies and even PLUS which is said to start laying off since it has started to operate many cashless toll stations…
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Chill, this is not Tun Daim’s comments
Someone told me about Tun Daim’s comments about the impending bankruptcy of Malaysia due to the ‘worthless’ ringgit in September. The person also said the best would be to move whatever Ringgit I have into other currencies or out of Malaysia to save what I still have. I replied honestly, ‘I only have money within…
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BNM foreign reserves up slightly to US$94.7 billion
Yes, at least, it has stopped going down. Whether it’s a short break or a potential turnaround we have to wait for the next few weeks. We are talking about Bank Negara Malaysia’s (BNM)’s international reserves. It rose slightly by RM1.3bil to RM357.7bil (US$94.7b) as at Aug 28 compared to just 2 weeks ago. Note…
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Malls, malls, malls everywhere, rate of survival?
Slightly earlier, I read a report saying that 50 new malls are coming into Klang Valley next year. Well, according to one latest article quoting the Sunway Group, there are a total of 40 malls entering Klang Valley next year. There is little need to guess. Most of these malls are the neighbourhood ones or…
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RHB offering voluntary exit option to permanent staffs
Someone forwarded me a news I read earlier in a local English daily. It’s about RHB Capital Bhd’s voluntary exit option which is also known as Voluntary Separation Scheme (VSS). Does this mean that Malaysia is facing a bleak future for the banking industry? Haha. Please look at all the reported earnings for all the…
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Small but sure steps for ASEAN closer integration
I do not think anyone would be able to read this news in any property portal. It’s okay, you can read it here. Haha. Central banks of Thailand and Malaysia has taken the first step in making the trade relationships between both countries to a new level. In the future, instead of relying on the…