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a variety of malaysian currency
BNM and Economy

RM is strongest since 2018. What about before 2018?

Malaysia has yet to reach the levels we were in before 2018. We do not need to go even further but suffice to say, that I personally do believe countries which has trade surplus should have a stronger currency while countries with a big deficit should have a weaker currency. This is how the trade balance is remedied. When Malaysia is exporting, the country which is importing would pay us in RM. So, of course demand for RM should increase and this should support the value. I know, this sounds simple. Else, please tell me how and why do currencies fluctuate then? For the purpose of speculative investment? Hmm….

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ABCs of Property Investment

Buy property first, then wait. Sure or not?

There are states which are doing way better than other states when it comes to property price increase. I mean, transactions are aplenty, of course the prices also inch up faster too. Fundamentally however, inflation happens and therefore, everything will increase in price and so do property too. The inputs into property investment will continue to increase, just a matter of how slowly or how small the increment is. Maybe some will take longer, for example the salary of construction workers. Some may be sudden, like some raw materials which are impacted by oil or logistics or technological inputs etc.

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Malaysian economy and BNM

Positives in Malaysia: Inflation, Unemployment and GDP

The article highlights Malaysia’s positive economic indicators, including controlled inflation at 1.6%, a low unemployment rate of 2.9%, and a GDP growth of 5.7%. Despite good news, there is a tendency for negative content to attract more attention. Government support initiatives are also mentioned, benefitting millions.

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ABCs of Personal Finance

Social Media influencers must declare income and… pay tax

In 1999, I had to pay tax for the 2nd year and it was even higher than the year before. So I told my mum that I feel it’s unfair to pay ever higher tax. My mum said that if I do not wish to pay ever higher taxes, then I need to ensure I do not earn ever higher salaries. Whoops. Haha. That was the time when I decided I want to pay ever higher taxes as long as I earn ever higher salaries. This is why I believe tax and death are the two things no one can ever run away from. Remember to stay as healthy as possible so that we can continue to enjoy what we want to do. Coming back to the tax topic.

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Career Related

Happy news for teachers. Salary increase soon.

Teachers in Malaysia are set to receive a salary increase under the Public Service Remuneration System. The Education Minister announced a 15 per cent rise for support and management staff, and seven per cent for top management, effective Thursday. Comparatively, salaries for teachers in Hong Kong are significantly higher, reflecting different living costs.

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