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Category: Malaysian economy and BNM

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Iskandar / JB Property

Most popular country in ASEAN for international visitors in 2023 is not Thailand

Most popular country in ASEAN for international visitors in 2023 is not Thailand

Yes, it’s Malaysia. We have even exceeded the numbers prior to Covid! In 2019, we welcomed 26 million international tourists and if I remember correctly, we were second placed then, behind our fiercest competitor for international tourists; Thailand.

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Malaysian economy and BNM

Tax News: Older population may mean higher tax rates

Malaysians are living longer today versus 20 years ago. That is a good sign that we are enjoying a good life and have access to good medical care too. I do think that the life expectancy of Malaysians would continue to rise too. Take a look at the below for Malaysian’s life expectancy versus some selected countries. 

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abundance achievement bank banknotes
ABCs of Personal Finance

Update about the ‘worst’ currency in the world

Do take a look at how fast and furious was the rise of the interest rate in the US and do understand that if you are an investor, you are not that clever if you do not take advantage when the interest rates keep on rising every quarter. Would you still want to put your money in a place where the FD rate is much lower? This is the LATEST OPR for Malaysia. OPR is maintained at 3% (read here). By the way, the higher the rates, the worst it would become for the people servicing loans yeah. If these people pushes up the bad debts, it will not benefit anyone.

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white paper on a vintage typewriter
BNM and Economy

OPR is maintained at 3 pct because of a few valid reasons

Until today, I still have friends who continue to think the Malaysian economy is collapsing soon. I wonder what would they really do if that happens. Get an opportunity to buy great assets at super low prices? Property in a popular neighbourhood at the price of a not popular neighbourhood? (yeah, sure…)

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