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.
2024 is “take-off” year for the Malaysian economy. Says who? Sorry, I do not believe our economy is in “bad condition” Every time the business
Be ready to pay more for your online purchase soon I know you don’t like to pay more. Me too. However, we will all have
Interest rate decision. What is a Hawkish comment? You just want to be right all the time… Every time that largest economy in the world
Bank Negara Malaysia’s decision on the Overnight Policy Rate What happens if Overnight Policy Rate (OPR) is adjusted higher? When OPR is increased, everyone who’s
Press Release: Forecast: Bank Negara To Leave Rates Unchanged to “Avoid Surprising The Market” Kuala Lumpur (31 October 2023) — Juwai IQI Co-Founder and Group
RM versus other currencies. Still can travel? I read an interesting view from a good friend, co-founder of Fave, Yeoh Chen Chow. Do google to
Economy Malaysia: Positive growth in 2024 says IMF When external people say, then it seems more credible? We can ask most Malaysians and they will
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.
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…)
I like the Regional Comprehensive Economic Partnership (RCEP) which currently has 10 members. They are as follows: 10 members of the Association of Southeast Asian Nations, China, Japan, the Republic of Korea, Australia, and New Zealand. China is the 2nd largest economy in the world. Japan is the 3rd largest. South Korea is the 10th largest. The rest are out of the top 10 but ASEAN as a bloc is the 5th largest economy in the world.
I think this removes away the typical chatter that because there are potential for rates to move up in that one particular world currency, so people prefer to buy that currency and thus ringgit is under pressure all the time. I read this kind of analysis until I am numb now. By the way, exchange rate should just be mostly driven by trade and not all these specualative thoughts. You want speculation, you go invest into something else.