Category: Malaysian economy and BNM
-
NO condition i-Sinar opens for application. Are you applying yet?
I do think this is a big news for many people, tomorrow. Yes, we are speaking about i-Sinar application. Yes, it’s about applying to withdraw our EPF money for the purpose of survival since many people were affected by COVID-19 pandemic. One thing is for sure, the money withdrawn will move into the economy quickly…
-
Bad Debts within ASEAN banks are Bad News
Bad Debts within ASEAN banks are increasing. I think it’s quite important to be aware of the bad debt numbers. It’s also known as bad loans or Non-Performing Loans (NPLs). This number quite frankly should be on a rising trend since many businesses have been forced to close due to the COVID-19 pandemic and when…
-
Bank Negara Malaysia has decided to maintain the OPR. Read their reasons here.
We have this earlier article where I say that the cut is unnecessary unless there is the expectation that the economy going to go worse versus today. The reason is simple. By not doing it too soon, we have more rooms to move if a cut is truly necessary in the future. In fact I…
-
LHDN looking to collect higher tax amount for 2021
When the tax department (LHDN in Malaysia) says it will be able to collect higher taxes next year, it tells us two potential scenarios. One is that the tax rates may be going up. It means everyone will have to pay higher taxes. This is not such a good news. Fortunately, there has been no…
-
Full tourism recovery for ASIA only by 2024? Following vaccination schedule.
This is about tourism recovery. Super important for many economies including Malaysia which used to have over 26 million tourists per year in 2019. My very last overseas trip before COVID-19 should be the one where I flew to Phuket and then drove to Krabi and flew back from Krabi. It was a very relaxing…
-
GDP Malaysia 2021: One says 6 percent. The other says 5.6 – 6.7 percent. Who are they?
GDP Malaysia in 2020 was a contraction. What’s GDP Malaysia 2021? Here are some predictions / forecasts. Nope, of course it’s not by kopiandproperty.my We are just a tiny blog without a proper research team. Haha. Do read on for the two huge organisations yeah. Article in theedgemarkets.com The World Bank Group says Malaysia’s economy…
-
Another OPR cut in March 2021? Really?
There’s a prediction that there would be another OPR cut in March 2021. OPR stands for Overnight Policy Rate. Briefly, this is the interest rate. The lower it goes, the more sleepless nights which those with huge amounts in Fixed Deposits would be having. However, the lower it goes, the happier would be those with…
-
Hotels closing down. End of the tourism industry with COVID-19?
Someone showed me the few viral articles about hotels closing down and says that it is the end of the road for the tourism industry. I asked, ‘you mean for a period of time?’ He answered, ‘no… just look at all these hotels, they are all closing down. NO MORE.” I think it’s okay, everyone…
-
Anyone here getting 16 months bonus?
Every employee , after working hard for the past one year would be looking forward to the announcement of bonus from their company. Are you waiting for bonus too? Are you confident that you will get something this year? For the ones in the tourism industry, it is in a tough situation currently. Many malls…
-
How many of these largest cities have you visited?
How many of the largest cities in the world which you have visited? There are 20 in the list below. I have only visited 3 of the below. Have you dropped by visualcapitalist.com lately? (Nope, they did not pay any single cent to kopiandproperty for this mention) I am a subscriber to their contents and…
-
BNM’s decision on Overnight Policy Rate (OPR)
This is about the Overnight Policy rate decision today. To the ones who were worried that they would get ever lower Fixed Deposit rate after today, you should feel relieved. To the ones who had hoped to have a lower monthly home loan repayment, you would not get it, currently. Bank Negara Malaysia (BNM) in…
-
Global Recession 2020. Global Growth 2021?
Did we suffer from a global recession 2020? 2020 should be a year everyone wanted to forget. It was a year most of us here in Malaysia were at home most of the time, even when we were not sleeping on our bed. COVID-19 came and wreaked havoc and many businesses were forced to shut.…