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Category: Malaysian economy and BNM

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Malaysian economy and BNM

Malaysia’s international reserves highest in 16 months

International reserves availability is very important because this gives assurance to all other countries that the country will be able to pay its obligations even if something happens to its own currency. For example, a massive devaluation. If nations do not have sufficient international reserves in foreign currency, it may have to pay in advance before it could import. Imagine trying to get payment after shipment has been done from another country. It’s not going to happen.

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Basics - Property Investment

Super low baby production in Malaysia… Oh dear

Every time someone talks about new babies, we come to the topic of oh dear, the Chinese population here in Malaysia is dropping. Erm… of course we are but truth is, the live birth rate continues to drop for Malaysia as a nation. By the way, when the increase in population kept dropping of course the demand for goods and services in the future would be lower yeah.

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a variety of malaysian currency
Malaysian economy and BNM

Highest in 16 months for the ringgit versus the US dollar!

With many positive news for the ringgit for the past few weeks, I would say I was expecting our ringgit to perform much better than the currency which belongs to the country with such a huge deficit (versus us with budget surpluses) and such a huge country debt. So, I think the market also agrees with me for now and our ringgit is now at 16 months high.

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happy ethnic woman sitting at table with laptop
Malaysian economy and BNM

6 percent growth 2Q 2024 is very positive!

If anyone were to say that there is a possibility that Malaysia’s second quarter GDP growrth for 2024 will be 6 percent last year, everyone would be rolling their eyes and said, no way! Well, now it’s considered a possibility of what could be announced yeah. Our own Statistics Department estimated it to be 5.8 percent but the rest are all higher…

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laughing businesswoman working in office with laptop
Basics - Property Investment

Maybank Investment Bank Bhd: Property market is now positive and not just neutral

Now, we have another major or I should say biggest investment bank who has the same opinion based on all the research and data analysis which they have done. Let’s face it, there’s no way people could come up with this conclusion except that they have spent a lot of time analysing and get second opinions and then look at all the market trends and maybe more and then only they decided that they want to change their assessment of the property market from neutral to positive.

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Malaysian economy and BNM

All the different forecasts for ringgit’s movement

My good friend, Miichael Yeoh who’s a mortgage expert from Penang says that he hopes that ringgit will continue to rally for another 10 days since it has rallied for the last 10 days. This was the article I sent to him: 10 Day Rally. Ringgit on a roll, what’s next? He is definitely positive about our ringgit and I also wish that his wish would come true. What about the analysts in the market? What do you think their thoughts are for ringgit for the next week? Here are all their views.

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a variety of malaysian currency
ABCs of Personal Finance

10th day rally, ringgit is on a roll. What’s next?

Yes, today is 2nd August 2024. Ringgit is on the 10th day rally streak. From some not-so-rosy days since the start of 2024, it’s now on a roll. Just roughly 10 days ago, on 21st July 2024, it was at US$1 to RM4.688. Image below from xe.com Analysts were always saying that ringgit is undervalued versus that green coloured currency but they say only mah. Until the recent 10 days…

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Malaysian economy and BNM

GDP growth Malaysia is closer to 4 or 5 percent?

Do you know what’s the forecasted GDP growth for Malaysia for 2024? Yes, it’s a GROWTH okay. Means it’s a positive number and not below zero. Please do not think that our economy is shrinking because it is not yeah. This was what Bank Negara Malaysia (BNM) said for Malaysia’s 2024 GDP growth number. It’s between 4 to 5 percent for 2024. All other predictions from other research houses are also between this 4 to 5 percent forecast.

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person reading newspaper on table
BNM and Economy

Cutting interest rates show economy is good, right?

Yes, it has been increasing and increasing and increasing within just a period of 2 years. From close to zero (0.25 percent), it has risen to current 5.5 percent. If you know a country is about to keep increasing their rates, institutional investors would be attracted to their currency, especially if they are the largest reserve currency in the world. Even if they run deficits and they need to keep borrowing money to pay off their debts which now stands at US$34 trillion.

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ABCs of Personal Finance

Big Mac as an ‘inflation’ measurement. Cheapest and most expensive countries are…?

The Big Mac PPP is an informal measure of exchange rate valuation created by the Economist in 1986. It uses the price of a McDonald’s Big Mac as a benchmark to compare the purchasing power between different currencies. Source: investopedia.com

There are limitations to using this as a benchmark but since then, this has been widely regarded as another popular measurement to determine the strength of the currency. So, let’s look at the latest measurement today and see what is the price of Big Macs all around the world and also where is Malaysia?

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photography of ship
Malaysian economy and BNM

Land Bridge? Financing? 15 years later? ECRL is ready in 2 years.

Many years ago, someone told me that Thailand is building Kra Canal. This is a 100km water canal from the Gulf of Thailand to the Andaman Sea, cutting across Thailand. Somehow, I confidently told him that this is not as easy as simply building it. Who will finance it? If it’s Thailand, they will be facing budget deficits or needing a huge loan in order to make it happen.

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selective focus photo of stacked coins
Malaysian economy and BNM

Do you know what’s the minimum salary around the world?

Earning a salary allows us to buy things we want and need. It’s also how demand for goods and services start which then drives more jobs and the circle continues. This is why we have multiplier effects when we speak about economic growth. Today, we look at minimum wage / salary in Malaysia and also around the world. It’s interesting actually.

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