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Category: US / Dollar related

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ABCs of Property Investment

Maximum rental increase only 5 percent BUT…

I read this earlier but I was also guilty of not reading the details. When I first read this news about rental increase, it says that current President of the United States, President Biden will call for a limit of 5 percent to the annual rent increase. The reason is because many voters are struggling with high rental and they need help as soon as possible. Actually, if they say they want to cap at 5 percent, it meant that without this cap, the increase could be much higher!

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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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BNM and Economy

International Monetary Fund: Modest Growth Over the Next Two Years

I really have no idea why people prefer to read bad news and tell the world versus reading about good news and treating it as if nothing happened. Ask any business owner or working professional and they will tell you all the issues with their business and how they are underpaid in their company but at the same time, we kept seeing car sales going up.

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US / Dollar related

Financial news: Please note this is the currency which is appreciating. How ‘amazing’

US Dollar is currently on a massive buildup of total federal debt and is now on pace to exceed US$50 trillion in a decade.

Social Security costs are projected to increase by 67 per cent by 2032, and the Medicare health program for seniors will nearly double in cost during that period, according to CBO, as Americans 65 or older top 46 per cent of the U.S. population, up from 34 per cent this year.

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Malaysian economy and BNM

Financial News: Your monthly mortgage and other loan repayments will increase

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.

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forced perspective photography of cars running on road below smartphone
US / Dollar related

Do you want to drive an Electric Vehicle which is the most popular in the world?

Yes, it’s Tesla. The brand without a single petrol engined car. The brand which has just 4 models and is able to dominate the sales chart of EVs all over the world… until 2021. In 2022, it’s no longer that top EV selling car company. Do take a look at the chart below to see which brand suddenly become number 1 within just 1 year by growing more than twice its total sold numbers in 2021. Yes, it’s now BYD. I have seen this car on the road many times and it says BYD stands for Build Your Dream. Chart below comes from visualcapitalist.com

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alluring flioght attendant serving vip passengers
Financial News

Financial News: Who are the richest people in Malaysia and the world?

This was widely reported. It’s always a popular topic. Who are the richest Malaysians? Why are they so wealthy?Did they become rich recently? Did they build their wealth over time? Were they rich because of the generation before them? Are they rich because of technology? As they say, technology is now driving all the transformation all over the world. ChatGPT for example is one such huge change.

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inflation
Malaysian economy and BNM

Meta and Twitter are becoming a smaller company (headcount wise…)

You must have read, somehow. You may be surprised. You may be thinking if this is a global phenomenon. Well, these two companies have been on the news every day. One is helmed by Mark Zuckerberg and the other by Elon Musk. No idea if both are great friends but they have decided that in order for the company to do better in the near future, it’s best to have fewer people on board. Both have decided to lay off 11,000 and 3,700 employees respectively. Do read the below

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