Category: Malaysian economy and BNM
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GST in secondary. MIEA clueless.
How will GST affect the secondary property transactions? Do you already know? If you do not know, you may want to ask your real estate agents. The only issue is, even your real estate agents may not know. According to the Malaysian Institute of Estate Agents (MIEA) president Siva Shanker, he hoped that the Customs…
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Malaysian economy? Always watch ‘Services’ and ‘Manufacturing’
I have written about this two or three times. It’s okay, let’s repeat one more time since this time it was announced during a Bank Negara Malaysia press conference by none other than the Bank Governor herself. She said, ‘domestic demand is anchor and driver of growth.’ Period. Without any doubt, the just announced 6%…
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Property 2015: Gloom, Boom and Doom
This article first appeared in the January 2015 edition of Property Hunter magazine. Many are still buying. Even more are waiting by the side. Real estate agents are complaining that servicing a buying customer needs lots of patience these days. Even my lawyer friend said that the number of transactions have really slowed down for…
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Same mortgage rates into 2016
Would you be happy if your mortgage payment(s) remain the same throughout 2015? I think I would be happy. For those on the borderline who kept shouting that they needed help, they should also be happy. In fact, I think the ones who are neutral would be those who are debt free and out all…
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RInggit now at three-week high. So?
4th February 2015. Ringgit is up, well not just up. It has hit a three-week high. Okay, first of all this may mean nothing more than a one off gain due to the rebound in oil price as well as the rebounding stock market. Ringgit managed to claw its way up to RM3.5610 against the…
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Believe please. Rating at A3 and outlook is POSITIVE
It’s tough to beat out all the negative news out there. After Fortune, at least we now have another piece of good news. This time, from Moody’s Investors Service. It has affirmed the government bond and issuer ratings of the government of Malaysia at A3 and the outlook remains positive. What is A3? A3 means…
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Too positive, Too negative, Your decision.
You are too positive. Someone told me this the other day. It’s funny because I agree and yet some of my friends actually think I am too pessimistic too. This is especially when they ask me about properties priced at RM800psf and whether should they buy for INVESTMENT purpose. My answer is always, not for…
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Next 5 years, better invest in Malaysia – Fortune.
Recently, it has been mostly negative news if any when it comes to Malaysia. From oil prices affecting the economy to oil prices affecting the currency and to oil prices affecting even the Malaysian economy, everything is about how oil prices is wrecking havoc. Even with the decreasing petrol prices, all the restaurants have shown…
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Capital Control, not this time
It was 1998. I was taking the module of ‘International Business in Emerging Markets’ for my first degree in Bristol when the lecturer asked the class what do we think about Malaysia’s capital control. In brief, I replied that capital control allows breathing space for some measures to be implemented. Then, the lecturer said that…
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New Budget 2015 and 1998 crisis
Has everyone read at least 20 articles online or on newspaper about the revised Budget 2015? I am very sure you know the details by now? Main points include a cut of RM5.5 billion, deferment of electricity tariffs, getting more Chinese visitors from China and a revision of fiscal deficit from 3 percent to 3.2…