Category: Malaysian economy and BNM
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Retail sales still growing BUT forecast is lowered, again.
Forecast for retail sales growth rate has been lowered further for the second time. Instead of a predicted 4.9 percent growth earlier, The Malaysia Retailers Association (MRA) has lowered the projected retail sales growth rate in 2015 to 4.0 percent. Major reasons cited include higher costs of living, a weak Ringgit and higher cost of…
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Is Malaysia going into a recession?
Someone asked this the other day. Is Malaysia going into a recession. Before I answer, may I ask what is recession? According to Investopedia, “The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP)” In very brief, there must be two consecutive…
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July is near, even more fears?
Yes, two more weeks, July starts. How are you feeling today? Negative because of all the news about potential of Malaysia’s rating dropping to BBB by Fitch Ratings beginning July? Negative because all the stocks you bought few weeks ago are all at their new lows? Negative because there are news that the job market…
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Property price plunge 2015, Malaysia.
‘Property price plunge 2015 Malaysia.’ This was the term people entered in google to find kopiandproperty.my Yes, I am serious. Haha. Perhaps I should rename my blog into something to do with financial crisis prediction. The nearest I am to an economist with lots of experience is that I have taken many economics related modules…
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Easier to get loan approval, a good sign?
According to the Association of Banks in Malaysia (ABM), the rejection rate for housing loans has declined to 18% in 2014. In 2012, it was 25%. No mention about 2013. This meant that the perception or understanding that more loans applications were being rejected is no longer true. The reason? Well, borrowers and lenders are…
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Q1 GDP passed with 5.6 percent growth
Today, before I start to write, I would like to point out a few blind, deaf and dumb fools who commented on Bank Negara Governor, Tan Sri Zeti Aziz. One commented that Zeti must be sleeping on the job for not investigating 1MDB. Another said that she is just a follower and would not dare…
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Policy rates unchanged and should be for 2015.
Actually, it has been widely expected by majority of all analysts that Bank Negara Malaysia (BNM) would continue to pursue an accommodative stance for the economy. This is to push the local economy upwards amidst current slowdown. This is despite Ringgit’s weakening and volatility due to many uncertainties such as negative sentiment from GST implementation…
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GST, the cause of everything negative today.
An old friend told me that the coffee he is drinking together with me has GST. He said poor people will find it very hard to cope. Actually I have explained before but I think I will just let him be my good old friend instead of trying to debate. I will write instead. Actually,…