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Category: Malaysian economy and BNM
ASIA / ASEAN

Tariffs to boost property market?

Well, if the tariffs will dampen the consumer sentiment, then demand for goods and services will fall. This means the economy will slow down. No more multiplier effects to the economy since lower demand means lower production. In other words, less workers are needed. Thus, fewer people may have enough money to keep buying things they like. Businesses would think twice about marketing, about expanding or even about employing more people. Uncertainty is the order of the day. What would the central banks do…?

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smartphone on black table
BNM and Economy

Lower Interest Rates means Higher Property Transactions?

Well, cutting rates usually indicate a slowing down of economic activities or even a potential slowdown in the near future. Thus, instead of cutting 50 basis points later, the central bank may prefer to lengthen this whole process and just cut 25 basis points earlier and another 25 basis points later. Who knows, maybe this 25 basis point could have the right effects on the economy and no further rate cuts are needed?

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white house
ABCs of Property Investment

Malaysia Budget 2025 for the property market? Help is coming…

Let’s just say that I do not agree if people were to buy a property at a price way above what they could afford because they believe they will get a lifeline from the government if something goes wrong along the way. If I could be happy to buy an apartment in a less prime area when I was much younger, why must the buyers of today only wanting to buy a condo instead? Or only want that certain area and thus having to pay a higher premium instead? They deserve something MORE than me? So, please just buy within your means and budget. Period.

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aerial view of twin towers
Malaysian economy and BNM

Thailand has more tourists than Malaysia. Big concern?

Before the arrival of Covid-19, Malaysia has these numbers when it comes to tourism. “A total of 26,100,784 international tourists visited Malaysia in 2019 compared to 25,832,354 in 2018. Meanwhile, tourist expenditure in 2019 rose by 2.4% to RM86. 1 billion compared to RM84.” Source: tourism.gov.my. We know, tourist numbers fell tremendously when Covid arrived in all countries. So, has the numbers recovered already for Malaysia? Are we again earning huge tourism revenues?

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a variety of malaysian currency
Malaysian economy and BNM

Ringgit has another forecast… RM3.80 by end of 2024. Can happen?

It has been a never-ending positive story for ringgit thus far, at least for the past many weeks. Every other week, we see the ringgit appreciating (actually it’s more of US$ depreciating) and then more good news come. Then, the following week, ringgit reaches a new high versus US$ and then we read more predictions / forecasts. Now, the latest one I read is that by the end of 2024, we will reach RM3.80 to US$1. This is like wow…

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a variety of malaysian currency
BNM and Economy

Ringgit’s going to move even higher? (which side yeah)

I repeat something that I have always been telling people and it’s very obvious from my writings. Currency movement should just be valued based on trade; surplus or deficit. If you have deficits year after year, why is your currency appreciating? No one wants to buy your goods and you have to keep buying other people’s currency because you needed their goods! Oh… the trades were done using a specific currency. No wonder.

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a woman in black suit explaining details of the document
BNM and Economy

BNM’s decision on OPR. Do we have to pay a higher mortgage interest?

Some of us get very worried even if interest rate rises just 50 basis points. For a RM500,000 home, a rise of 50 basis points or 0.5% is equivalent to a difference of an extra RM134.95 per month. This is why we should not over-stretch yeah. Alternatively to make up RM135 per month, we only need to reduce a total of 8-9 times from ordering a latte in Starbucks. Or eat bread for 3 days versus a typical RM45 dinner per time. Realistic right?

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quote box ontop of stack of paper bills
ABCs of Personal Finance

Showing off you are rich? Remember to pay your tax.

Two things we cannot run away from. Death and Taxes. I am very sure people intend to pay tax if they earn higher than the tax threshold. However, for some who’s doing a small business, it’s not easy for the tax department to keep track on whether the small business owner should pay tax or not. No tax is applicable if the earning is low. No tax is applicable if the business is suffering losses too.

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a variety of malaysian currency
Malaysian economy and BNM

Ringgit to move up to RM4.22 level in 2024?

CIMB Group Holdings Bhd is predicting that the ringgit will continue to strengthen and they have forecasted the ringgit to hit US$1 to RM4.22 level within 2024. Just imagine within the past 12 months, there has even been predictions that ringgit may reach RM5 to US$1 and now the prediction is for RM4.22 level. Just remember, this is because the US$ is depreciating because the Federal Reserve (BNM equivalent in the US) may be deciding to cut their rates. With this expectation, US$ has started its drop for weeks now.

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