As much as I like to be positive about the Greater KL property market, we must still be wary of world happenings too. It’s uncommon for companies to use up all their cash reserves for operating expenses. The reason is because cash reserves enable the companies to have opportunities to take up sudden available opportunities, … Read moreHigher yields also mean higher risks
It’s always good to note that while sentiment among the first-time home buyers are not that positive, there are a lot of investors who have a firm belief with the long term potential of the Malaysian property market. Earlier article here: RM10 billion by CPCG into the Malaysian property market Now, we have another one. … Read moreAnother RM1.88 billion coming into the property market
Do you like a stronger Ringgit? I do. Especially because I love travelling. Well, bad news for us, at least for 2019. Bank Negara Malaysia (BNM) expects the ringgit to continue to depreciate against the US dollar next year, as the greenback continues to grow stronger and also due to other external uncertainties. Our BNM Governor, … Read moreA weaker Ringgit due to a stronger greenback (2019…)
I agree with Finance Minister Lim Guan Eng fully on this one.Article in TheStar here. American investment bank Goldman Sachs should return the US$588mil (RM2.4bil) in it was paid for 1MDB-related matters. This RM2.4 billion fee was for the raising of bonds totalling US$6.5 billion (RM23.29 billion) 1MDB back in 2012 and 2013. He said, “They must pay … Read moreExtra RM2.4 billion for affordable home, good news? (Only if…)
By the way, the strength of a currency SHOULD depend on the trade. The higher the exports, the higher the demand for our currency and the value should appreciate. It should NOT be based on speculative stuffs. As a trading nation, Malaysia is ranked 25th out of over 200 countries in the world. Yes, for … Read moreHIGHEST since October 2008! Positive for the Ringgit, hopefully?
Rumours never stop. Do they usually come true or turn out to be false? Anyway, without spark, there’s no fire. Of course, we do have fire extinguishers too which can take out the fire fast. This is the Article in FreeMalaysiaToday: Investors brace for tax on capital gains, consumers It quoted Geoffrey Ng, a director of Fortress … Read moreTaxes, governments, people and economic growth
These days, 1MDB is not that hot n issue anymore. It is now part of the new government’s issue. Recently, The Straits Times of Singapore reported that 1MDB’s debt obligations could be as high as US$6.9billion (RM28.63 billion) and that Malaysia is NOT aware of it. (Okay, we have debts that we do not know, … Read moreOh dear, new RM28.63 billion of obligations for 1MDB?
GST has been zerorized. People seems to be happy and we could see that car sales hit record levels. Earlier article here. Some car companies had to work around the clock to fulfill some of these requirements. SST has already started for slightly over one month. Well, there are debts beyond just the difference of … Read moreNew taxes to pay debts; small kitten back to Asian tiger?
A long long time ago, our 4th Prime Minister asked a company to build the North-South expressway. Actually, no one knows if the company will be profitable when the expressway is completed and the tolls started. That was why some people say it is a waste of money and even objected to it strongly. Fortunately, … Read moreAbolition of tolls in 2-3 months. (The decision lah…)
It’s not a prediction for Malaysia but then again, if it does happen to the largest economy in the world, it will affect us yeah. It’s only by how much. Article in TheStar here. Another recession is looming. The article says that the reasons for this prediction is because the high level of asset prices today already … Read moreIt’s coming… next recession. (not us but then again will affect us)