kanasai the currency now.... T.T
i need to buy RMB every week for bisnes use.... now the rate really really..................... >.<
RM value mau drop hingga berapa? until same value with my toilet paper is it? =.=l
Economy going down
Economy going down
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Jul 31 2013, 02:27 PM
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Junior Member
25 posts Joined: Dec 2008 From: Pls read all terms & and conditions b4 purchase*Tq |
kanasai the currency now.... T.T
i need to buy RMB every week for bisnes use.... now the rate really really..................... >.< RM value mau drop hingga berapa? until same value with my toilet paper is it? =.=l |
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Jul 31 2013, 03:02 PM
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Junior Member
73 posts Joined: Jan 2008 From: Tempat orang Kite |
Kampung pak cik mak cik still need goodies from BN. Biar hilang ekonomi, jangan hilang UMNO/BN!!!
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Jul 31 2013, 03:52 PM
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Newbie
0 posts Joined: Jul 2012 |
QUOTE(pretty~ @ Jul 31 2013, 03:27 PM) kanasai the currency now.... T.T Malaysia has a role model - Zimbabwei need to buy RMB every week for bisnes use.... now the rate really really..................... >.< RM value mau drop hingga berapa? until same value with my toilet paper is it? =.=l Zimbabwe's inflation in 2012 was over 253 MILLION %, yes, you read it right, Zimbabwe's inflation rate was over two hundred fifty three million percent It got so bad that no one, not even Zimbabweans themselves, use their own Zimbabwe currency, the Zimbabwean Dollar - and start using foreign currencies in their daily transaction - Euros, American dollar bills, South African Rands, et cetera Since Robert Mugabe is so friendly friendly with Mahathir, we have to prepare for the day our Ringgit Malaysia might meet with the same fate as the Zimbabwean Dollars |
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Jul 31 2013, 03:54 PM
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Junior Member
121 posts Joined: Dec 2010 |
QUOTE(advocado @ Jul 31 2013, 09:59 AM) If you looked at your currency exchage chart you'd notice Ringgit is actually still high which resulted in reduced exports for the past year, recent fall on rm merely brings it back to normal. well fitsch ratings have revised Malaysia into negative territory, already it has spooked alot of people -Is this anything to worry about? |
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Jul 31 2013, 04:00 PM
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Senior Member
734 posts Joined: Apr 2011 |
oooooooooooo
i seeeeeeeeeee |
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Jul 31 2013, 04:03 PM
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Junior Member
25 posts Joined: Dec 2008 From: Pls read all terms & and conditions b4 purchase*Tq |
QUOTE(ash tray @ Jul 31 2013, 03:52 PM) Malaysia has a role model - Zimbabwe Zimbabwe's inflation in 2012 was over 253 MILLION %, yes, you read it right, Zimbabwe's inflation rate was over two hundred fifty three million percent It got so bad that no one, not even Zimbabweans themselves, use their own Zimbabwe currency, the Zimbabwean Dollar - and start using foreign currencies in their daily transaction - Euros, American dollar bills, South African Rands, et cetera Since Robert Mugabe is so friendly friendly with Mahathir, we have to prepare for the day our Ringgit Malaysia might meet with the same fate as the Zimbabwean Dollars lastime rm1 can get rmb 2.0 -2.10 this 2 mths drop to rmb 1.99, 1.98, 1.97, 1.96, 1.95 ...... 1.90, and now 1.88x !!!! ( is international rate, not yet included handling fees / middle man / bank charge fees yet) if included charges / fees, lagi low everyday rate is getting lower than yesterday. i dunno wan to buy or how already.... (i still left not much rmb, maybe can sustain few weeks) T.T buy or not buy.... headache This post has been edited by pretty~: Jul 31 2013, 04:03 PM |
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Jul 31 2013, 04:22 PM
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Junior Member
236 posts Joined: Sep 2008 |
QUOTE(Vinspire @ Jul 28 2013, 02:08 PM) Is the economy really going down? I heard people telling me the economy is slowing down since 5 yrs ago but yet I still see people buying. those queue up and buy are all young ppl still using their parent's $ or they dont have a family to feed.Look at the minion frenzy & look at the que in burger labs for example. If the economy is so bad, then why people still go to expensive fine dining and can afford buying those iphone, s3, s4, s5? QUOTE(pisces88 @ Jul 31 2013, 08:48 AM) a recent property launch showed that 90% units are booked in the 1st week. 600k condo. Mostly bought by young malaysians. Slowdown apa low down payment(RM1000~RM5000), free s&p and only start payment after finish construction, sure a lot of ppl buy lah.try go and see how many of the buyer is over 40, and how many of them are m'sian, how many of them is using their own money not their parent's $ to pay. i have a lot of frnd buying, most of them are using parent's $ |
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Jul 31 2013, 04:25 PM
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Senior Member
3,969 posts Joined: Nov 2007 |
QUOTE(cloudwan0 @ Jul 31 2013, 04:22 PM) those queue up and buy are all young ppl still using their parent's $ or they dont have a family to feed. a 20+ year old with savings of 35k should be able to have 1 unit already. most condos nowadays only need less than 30k downpayment. low down payment(RM1000~RM5000), free s&p and only start payment after finish construction, sure a lot of ppl buy lah. try go and see how many of the buyer is over 40, and how many of them are m'sian, how many of them is using their own money not their parent's $ to pay. i have a lot of frnd buying, most of them are using parent's $ ur friends very teruk la, use parents money.. or is it the parents use the sons n daughters name to buy? coz can get longer loan, up to 35 years. |
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Jul 31 2013, 04:27 PM
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Senior Member
1,111 posts Joined: Nov 2011 From: at Malaysia |
thank for BN haha
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Jul 31 2013, 04:31 PM
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Junior Member
236 posts Joined: Sep 2008 |
QUOTE(pisces88 @ Jul 31 2013, 04:25 PM) a 20+ year old with savings of 35k should be able to have 1 unit already. most condos nowadays only need less than 30k downpayment. bro, try go and ask all ur frnd who are 20+ see who got more than RM10k+ in bank.ur friends very teruk la, use parents money.. or is it the parents use the sons n daughters name to buy? coz can get longer loan, up to 35 years. the ans will be lower than 10% no CC debt consider good edi, still thinking they can have RM10k+ in bank try calculate how much u need to survive in kl every month and minus the average salary, see how many still left for saving |
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Jul 31 2013, 04:32 PM
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Senior Member
2,494 posts Joined: Feb 2009 From: Kuala Lumpur Dataran Merdeka |
QUOTE(pretty~ @ Jul 31 2013, 04:03 PM) lastime rm1 can get rmb 2.0 -2.10 this 2 mths drop to rmb 1.99, 1.98, 1.97, 1.96, 1.95 ...... 1.90, and now 1.88x !!!! ( is international rate, not yet included handling fees / middle man / bank charge fees yet) if included charges / fees, lagi low everyday rate is getting lower than yesterday. i dunno wan to buy or how already.... (i still left not much rmb, maybe can sustain few weeks) T.T buy or not buy.... headache now 1.88 , is wayyyy too low .... |
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Jul 31 2013, 04:32 PM
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Senior Member
769 posts Joined: Aug 2009 |
QUOTE(McFcker @ Jul 31 2013, 08:44 AM) Or should I say mostly young working adults nowadays spend beyond their means?? This is what we call bad financial planning.. I can see their bank account is empty or near empty every end of the month and they have no savings at all.. |
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Jul 31 2013, 04:36 PM
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Senior Member
769 posts Joined: Aug 2009 |
QUOTE(pisces88 @ Jul 31 2013, 04:25 PM) a 20+ year old with savings of 35k should be able to have 1 unit already. most condos nowadays only need less than 30k downpayment. That guy have good financial planning lor.. You thought it is easy to have 35k savings at 20+ of age nowadays??ur friends very teruk la, use parents money.. or is it the parents use the sons n daughters name to buy? coz can get longer loan, up to 35 years. I bet most young pipul nowadays have 0 savings |
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Jul 31 2013, 04:36 PM
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Senior Member
2,347 posts Joined: Jan 2003 From: in town |
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Jul 31 2013, 04:36 PM
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Junior Member
236 posts Joined: Sep 2008 |
QUOTE(t3arsCulprit @ Jul 31 2013, 04:32 PM) Those young pipul havent earn money but all go to expendesive restaurant makan.. Swipe credit card but it was a sub card from their parents.. totally agree Or should I say mostly young working adults nowadays spend beyond their means?? This is what we call bad financial planning.. I can see their bank account is empty or near empty every end of the month and they have no savings at all.. if you can access to bank negara system, u will know how many ppl own CC debts and paying the minimum payment |
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Jul 31 2013, 04:37 PM
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Junior Member
313 posts Joined: Mar 2009 From: ✡ ✈ ▌▌ |
my company business okay je, booming with projects
newly found field more sweet crude |
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Jul 31 2013, 04:37 PM
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Junior Member
236 posts Joined: Sep 2008 |
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Jul 31 2013, 04:46 PM
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Junior Member
25 posts Joined: Dec 2008 From: Pls read all terms & and conditions b4 purchase*Tq |
my friend say todat klse drop 20 pts and RM drop coz fitch downgrade......
cham..... RMB.... buy or not buy? T.T dunno can wait or not, buy liao scare up, no buy scare keep on drop >.< |
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Jul 31 2013, 04:49 PM
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Senior Member
1,335 posts Joined: Nov 2004 |
QUOTE(pretty~ @ Jul 31 2013, 04:46 PM) my friend say todat klse drop 20 pts and RM drop coz fitch downgrade...... Fitch didn't downgrade our ratingcham..... RMB.... buy or not buy? T.T dunno can wait or not, buy liao scare up, no buy scare keep on drop >.< they just change the outlook from "stable" to "negative"... meaning there is a possible downgrade in the foreseeable future if our economy don't improve. if downgrade... it wont be 20pts only... |
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Jul 31 2013, 04:50 PM
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Senior Member
2,948 posts Joined: Jun 2007 |
those agencies usually rate based on their own agendas.
for example if the finance minister says rm gonna rise, everybody will believe him & start buy rm. 2007 is a good example how rating companies screw everyone up. QUOTE(Einjahr @ Jul 31 2013, 03:54 PM) |
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