Category: Malaysian economy and BNM
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Unemployment rate rises, a worry for property?
Okay, let’s cut the suspense. As per the Statistics department of Malaysia, it has risen by 0.1% from 3.1% in January to 3.2% for the month of February 2015. In fact this rate is similar to one year ago. The number of employed rose 0.5% to 13.664 million in February, a 0.5% increase from 13.601 million…
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Oh dear, I missed the GST deadline to buy property.
A good friend dropped by my office to pick me out for lunch. He told me that he is viewing many different properties in many different places. He has yet to decide but he said he missed out on buying a cheaper property because if he had bought earlier, he could have beat the GST…
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Increase selling price due to GST? It depends on margin.
I think I have never written about LBS Bina Group (LBS) before this. However, after reading an article recently, I think I want to highlight what its managing director Datuk Seri Lim Hock San said. He said that the new Goods and Services Tax (GST) would definitely affect property developers BUT if LBS’s current profit…
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Slowing GDP, new GST and property price up/down?
Slowing GDP growth in Malaysia for 2015 versus 2014 is real. So, are we going to get to buy cheaper properties soon? In a report, MIDF Research said that growth for Q1 2015 was expected to be between 5.0 – 5.2 percent. It may be on the higher end if we take the ‘crazy’ buying…
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Few days after GST and my personal experience
Many friends posted photos of them getting ‘GSTeed’ for the first time right after 1st April 2015. Many friends said that everything is higher priced. I arrived at office and many colleagues said that the even food at foodstalls have increased their price. A friend said that when he went grocery shopping, he felt that…
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IMF: The world is NOT going to grow FAST.
According to the International Monetary Fund, the potential growth for emerging markets has slowed compared to before the 2008 crisis. Between 2008 – 2014, potential annual growth fell to 6.5 percent which is about 2 percentage points lower before 2008. In the next five years, 2015 – 2019, this is expected to drop further to just…
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Why debts are a necessity for you and me
Can companies grow without debts? That’s an interesting question I believe. Actually, every company would have to take on debts. You may ask what about those companies where the funds came from the parents? Haha. Debts which you do NOT need to pay back is still a form of debt. The term gearing ratio is…
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Simply increase price? I have decided.
This morning when I was having my breakfast, my mother said that the noodle that we were having has increased its price. My wife said these hawkers would continue to increase their prices because the consumers are willing to just accept it. It increased the price of the plain noodle from RM3 to RM3.20 It…
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Australia wants Apple, Google, Alibaba to pay GST
Since Malaysia has just implemented GST, how about learning a bit more about it? We can learn from Australia which implemented the Goods and Services Tax (GST) in the year 2000. That’s about 15 years ago. It would seem that they should have learnt many more things about GST, especially against companies which may have…
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Stay focussed. 1MDB is not your concern.
A reader asked me a few days ago if he should proceed with his property purchase since 1MDB is such a huge issue. He asked if it would cause the collapse of the economy and bring with it the property market. Of course, if this is the case, it may be best to wait till…