Category: Malaysian economy and BNM
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I also hope US economy will show great numbers.
The anticipation is ‘killing’ many smaller economies for which currencies are not considered on an equal basis with the US Dollar. When there are uncertainties, all the ‘savvy’ investors would flock to hold US Dollar whether or not the US economy is actually doing better or worse compared to the smaller economies. Well, the current…
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The Star: A courageous show by Zeti
Seriously, I think everyone should read and understand the below article from The Star, dated 14th August 2015. For just 5 minutes, stop your new found Facebook ability as an ‘Economist’ and read attentively. Be proud that this is our central banker who is already in the final phase of her contract and has received…
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Summary Q2 2015: Malaysian economy, Ringgit and Zeti.
My usual readers would understand my position about Ringgit and Malaysia’s economy. You can read latest one here: 1998 vs 2015, just numbers, no rhetorics Will not be saying too much. There are many articles about this today and I think it’s best for me to read them and summarise instead. Today Tan Sri Zeti…
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1998 vs 2015, just numbers, no rhetorics.
I do not believe ANY politicians when they talk about economy. Regardless of those who said Malaysian economy is still strong or those who are asking if Malaysia should repeg the currency to US$. I believe my personal understanding based on numbers as well as reading from what the economists or analysts are saying is…
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Uncertainty in Malaysia? My personal 4 signs.
A very capable friend posted in Facebook earlier. With the Ringgit’s depreciation, she felt that Malaysia will be going Greece’s way; financial crisis. In brief, Greece has stopped negotiating for European Union (EU)’s financial assistance and will most probably default on IMF’s payment and perhaps in the near future, no longer a member to EU.…
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No.1 and No.5 largest economies may increase rates SOON
When growth is strong, interest rates should be adjusted. It should not be too low because it may create unnecessary wastage or inflation. In other words, less speculative activities. For example, when people are way too bullish, they may simply buy more properties, causing property bubble to build and when it become unsustainable, everything falls…
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Ringgit is undervalued. I agree.
Today, a friend asked me what would happen if ringgit were to hit the US$1 to RM4 level. I said, it’s already above the psychological RM3,80 level many times. In the near term, I do not think there would be any drastic actions being taken. There’s just nothing to be done when it’s pure negative…
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As usual, WE (Malaysia) paid for positive news.
The professional friend who posted in Facebook about Malaysia fast becoming the next Greece economic crisis story soon had just posted another view. She said that the Malaysian economic growth would end soon. Of course, I do not dare dispute what she said because everyone must have their own opinion, whether totally irrelevant to the…
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‘Healthiest’ Malaysian banks since 1998. Wow!
Do you believe the Malaysian economy is still doing fine? I know, majority would answer, NO. How could it be right, since we have bad news everyday? It’s okay, I give you one piece of good news about the banks’ ‘health’ condition today. In a Bloomberg article published in a local English daily, it was…
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No need to sweat, interest rate stays the same
Yes, this has been expected but no one knows until it is announced right? Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3.25%. It said that the stance of supporting growth remains the same. With the current negative sentiment as well as low inflation, it is better to have a rate…