Market rally, ringgit strengthen. Signs of economic growth in the region!

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Added on March 10, 2010, 11:54 pmforgot to attach the link from NST
http://www.btimes.com.my/Current_News/BTIM...icle/index_html

This post has been edited by audi8: Mar 10 2010, 11:54 PM

or have you ever think other currency is weaker, not that the economy is recovering.

The UK market is just started to feels doomsday as in US. So GBP, EUR is joining USD.

MYR is just a victim of situation. Ringgit is expensive and it hurts the economy.

My theory is that the government is allowing the MYR to gradually rise to mitigate the impact of inflationary pressures stemming from subsidy removals, GST, and rising wages. Jus tmy 0.02 only la.

i want to agree with you, but there's no official statement that our government is using this strategy to ease the burden of rakyat.

with unbalance wage, high price for imported goods due to lower value of RM, has widen the gap of rich and poor.

why not base on the model as per our neighbour, SG, and fine tune it to make our country grow stronger and richer.

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Added on March 11, 2010, 12:22 pmthis is true, look at greece... even RM depreciation will not even help in export sector, we are not as competitive as market like china and vietnam.

with higher value of RM we can import cheaper goods or raw material to produce specialized or high end product for export market. and even our oil can be sold at better profits. oil is scarce, we shld make full use of our oil.



This post has been edited by stargate8: Mar 11 2010, 12:22 PM

SGD is dropping too.

with high value of SGD, it really helps the people and the company in SG, import of raw material becomes cheaper and the people enjoy cheaper imported goods.

for rakyat in MY, the poor will suffer in the long run but the rich will be richer, our ringgit value must appreciate, dont use the excuse for that our manufacturing sector for export market will be jeopardized by high value of our currency.
with greater gaps of rich & poor, more social problems will arise and this will affect greatly in the long run.

agreed, rasing rates througout the year will draw hot money into capital markets.
Our competitiveness and real strength of economy still no improvement...
Rich still rich, poor suffer and all of us work to pay tax as usual.

our gov shld look into the economic model of Singapore where they do not have any natural resources and scarcity of land mass.

not saying copy it but refer, revise and remodel.

singapore model is nonthe less simple with less political/racial issues

Anyway, Singapore is a successful model, no land, no resources but they work really hard to improve education, investing abroad, creating new wealth, better systems, overall rasing the standard of its people

if we don't improve, Spore move forward, we move backward

I hope we don't end up like the Indons or Philippines

oil will eventually runs out... our national car shld already have electric car developed and marketed... with bakun project completing soon, we will have renewable energy, cheap and clean. oil shld be use for industrial only.

We can't even be compared to Indonesia now as Indonesia is in a much better place than Malaysia.

I think gov will defence MYR.
It is the best moment for MYR to appreciate.

totally agreed.

Best moment for how long mate? No country in this world can defy the rules of the game the Americans are playing.

Now they say, "our money is becoming less in value".

Our money appreciated because our economists are probably lazy?

You are like average joe in Msia hype about Msia currency appreciate. Please, dont go too hype about Msia appreciate.

Fact 1: The currency did not appreciate; it is stand put or moving up gradually due to USD, GBP & EURO cooked up & it will take years to regain it origin pre crisis level.
Fact 2: The RMB,SKW,TWD appreciation also flow indirectly to SEA region, so what reversing uptrend ladder also move ringgit...
Fact 3: MYR; as you can see average joe still buying heaps of import due to USD going down, we got land & seas but our domestic not performing well much but just minority of those gain while majority still loss.
Fact 4: Again, It cant appreciate too much, or else speculation currency happen & once George Soros engineering a hitman to Msia economy, we are so much doomed than current USA situation. Else, make it worst of Greece situation.
Fact 5: Domestic market still need to be reaffirm & the mess of *zombieland*; govt debt to GDP ratio is high. If BNM let currency appreciation fast; influx of capital in without well check; once dust settle our country will be like Greece.

so just got to understand that MYR appreciation is complex; you dont want to play the loss game. Win game is crucial.

This post has been edited by KVReninem: Mar 17 2010, 08:49 AM

Many indonesians will disagree with this. I think Malaysia is still a better place to live and make an honest living. It's just that Malaysia is going backward and Indonesia is going forward. Look at how Indonesia is tackling corruption. The anti-corruption agency is very powerful and fairly clean. And the top ministers are those with good qualification. President SBY is doing everything correct to improve the country. Indonesia is catching up with Malaysia fast. Indonesia will become the top 10 trading nation in less than 20 years.

You failed to get what i was trying to convey in my reply earlier. I said that Indonesia is better than Malaysia in terms of economy, foreign direct investment etc. I wasn't talking about the standard of living.

[quote=MilesAndMore,Mar 17 2010, 03:55 PM]
Many indonesians will disagree with this. I think Malaysia is still a better place to live and make an honest living. It's just that Malaysia is going backward and Indonesia is going forward. Look at how Indonesia is tackling corruption. The anti-corruption agency is very powerful and fairly clean. And the top ministers are those with good qualification. President SBY is doing everything correct to improve the country. Indonesia is catching up with Malaysia fast. Indonesia will become the top 10 trading nation in less than 20 years.
[/quote]
You failed to get what i was trying to convey in my reply earlier. I said that Indonesia is better than Malaysia in terms of economy, foreign direct investment etc. I wasn't talking about the standard of living.

[/quote]

My apology. I only looked at the your last comment. That, I agree with you its economy and FDI are doing much better than Malaysia. So are u investing in Indonesia as well.?

Until a country wan to do something to reflect the issue.

Things that i have consider:

1. China having hyper inflation problem so lot major country dont dare to make a move before China announce about their currency value.

2. Greek having problem over there. Euro do need to consider to recover them

3. USD still having recession, they have not much money to defence their currency, Obama need to launch his medical revolution. Initially they having money problem, but he insist to giving benefit to US citizen. So US totally won't take action in this.

4. UK wont to do anything alone just because they dun have agreement between few major country.

Conclusion, with current situation, Malaysia gov will import lot good from other country but they will keep them but not selling them. just dont wan to depreciate MYR.

They will only replenish stock after MYR back to normal since they already use to import stock as normal rate. So it wont be a pain to Malaysia.

It's all right. No. I am not investing there.