Category: Malaysian economy and BNM
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Oil prices, as usual.
It’s sometimes funny to read some of the news article about the declining oil prices. One latest one in a major English daily said that with the oil prices declining, some of the oil companies in Kuala Lumpur may face pressure to move out. First question, why would they move out because of low oil…
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Not such a good news for property market, Malaysia
Malaysian economy is projected to be growing but on a declining mode by UBS Investment Bank. It’s Senior ASEAN and India economist Edward Teather said that the causes include a slowing domestic and investment growth due to the current fiscal restraint, prudent monetary policy and a maturing credit cycle. For 2014, Malaysia would grow by…
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Malaysia – 13,800 with US$ 1M assets
Who is WealthInsight? They are an international Wealth Research Group. I have no idea too but according to their study published in many newspapers, there were 13,800 millionaires in Malaysia, each with a minimum of US$1 million. (RM3.45 Million). Sorry, their benchmark is US$. Thus, for those who happens to already own RM1 million in…
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Recession 2014, ending soon?
One of the search keywords to kopiandproperty.my recently happened to be “when will 2014 recession end“. Haha. I assume this is for Malaysia. How can it end if it has not started. Just like the question of when will the property bubble stop. Property bubble will stop only when it bursts, most of the time,…
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GST on maintenance fees for residential properties
Read any reports recently about some groups of people holding some banners saying that it is unfair that GST will be levied on the maintenance fees for residential units? For example, those high rise ones? There has also been a report on the fact that some high end high rises may be exempted because somehow…
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GST for new properties. Higher than 3%? Try it and see.
While the government has announced that GST will be effective from 1st April 2015, there has also been lots of other announcements by everyone that this may not happen. Or this may happen but it will push up house prices. Some say GST will cause transactions to go down. Whatever is said is not really…
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4 reasons why America likes Malaysia as a base in Asia
Actually, it’s pretty easy to choose these days if I am an American MNC looking for a base in Asia. If I am an American MNC and I wanted a good base for everything, I would choose Malaysia. Why not Indonesia? Yeah, there’s the ‘feel good’ factor of the new Indonesian President together with a…
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Affordability, Availability, GST and More Money (new income tax rate)
This article was first published in the Property Hunter Magazine, Nov 2014 Issue. For more articles, please refer to their online portal here. Property Hunter. Budget 2015 tries to address two chief concerns in the property market; affordability and availability. In KL, the average price for property has reached RM700,000 and has shown no signs…