Category: Malaysian economy and BNM
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Failed state? More like a failed statement.
There was an article in Bloomberg on Malaysia recently. It’s an opinion piece. Here’s that article. Enjoy reading it and feeling “Oh No…” whatever you feeling is, please feel free to take appropriate actions yeah. By the way, this is also the view of someone who’s definitely more qualified to talk about ‘failed state’ Article…
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No change in Overnight Policy Rate. What and Why?
No change in Overnight Policy Rate. What and Why? Two days ago, a good friend said that BNM may reduce the Overnight Policy Rate (OPR), so it will be good for the people with loans. I replied that if OPR is reduced, it also meant that BNM has expectations that the economy will deteriorate a…
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Moratorium starts 7th July yeah. Here are all the banks’ links
If you did not know already, the moratorium starts on 7th July. Depending on when you read this article it may be today or it may have been a few days before. This moratorium is for 6 months and is applicable to all individuals, whether you are under theB40, M40 or T20. So, yes, even…
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MEF: Opt-in moratorium should be automatic instead. Why?
MEF: Opt-in moratorium should be automatic. Why? I am one of the few people who disagrees that moratorium should be offered to everyone, whether or not they actually needed it. I am also one of the few who agrees with the fact that banks are not a charitable organisation and they also have their own…
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25th in global competitiveness, congrats Malaysia.
Before good news, let’s also look at bad news too. Else later people say kopiandproperty.my only published good news but never bad news. 🙂 Someone posted this recently; Malaysia’s ranked 51st out of 53 countries for Covid-19. Nearly last. This was for Covid-19 Resilience. Means we are not good lah. Anyway, within the same article,…
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Moratorium – No compound interest and no interest are two different things yeah.
Moratorium is back. Yes, we can conclude the economy is not well. Yesterday, a good friend asked this question, “If I apply for moratorium, it means for 6 months I do not need to pay anything and the bank would not charge me any interest, right?” He asked me this before Finance Minister Tengku Zafrul…
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Pemulih: 2 significant measures and cash for the people
Pemulih: 2 significant measures as well as cash for the people The total which was announced under Pemulih by Prime Minister Tan Sri Muhyiddin Yassin is RM150 billion. Within this amount, RM10 billion in aid will be channeled towards low- and middle-income households affected by the public health crisis. Let’s look at that after we…
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Unemployment rising? Financial crisis probability? Here’s the update.
Unemployment rising? Financial crisis probability? Here’s the update. Please always remember NOT to believe any property guru who tells you how bad the economy is and then tells you to buy a property yeah. If economy is doing badly, please be aware that the property market should also not be doing well. We do have…
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Malaysia has worst economic decline since 1998.
Malaysia has worst economic decline since 1998. Our economic growth in the negative territory for 2020. In 1998, our economy dropped 7.5%. It was due to the 1997 ASEAN financial crisis. It was also the time when I tried my very best not to spend much money when I was at the supermarket in Bristol…
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National Recovery Plan? Just one most important thing. Just do it.
National Recovery Plan has just been announced by Prime Minister Tan Sri Muhyiddin Yassin. Image right at the bottom or at the top. The image below shows all the different phases from June which is Phase 1 all the way to Phase 4 which is expected to end in December 2021. We expect COVID-19 cases…
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Baby boom did not happen in 2020. Oh dear an ageing Malaysia by 2030.
Baby boom did not happen in 2020. Oh dear an ageing Malaysia by 2030. Malaysia’s fertility rate was 1,976 in 2020. This meant that as a nation, our population is no longer able to arrest the decline of population in the future. There was that thinking that with the lockdown, Malaysians would be more productive…
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On cloud nine with Alibaba Cloud’s decision
I start with this statement, “According to the research study, the global Cloud Computing Market was estimated at USD 321 Billion in 2019 and is expected to reach USD 1025.9 Billion by 2026. The global Cloud Computing Market is expected to grow at a compound annual growth rate (CAGR) of 18% from 2019 to 2027” Please do read the…