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.

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 >.<

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 >.<

RMB? as in renminbi? It is a good long term investment if you have the cash to spare.

if worth of local currency goes down, things we sell become cheaper on international market

but, and this is a very important but, we are not the only seller, and there are always new sellers entering the market, and the competition is very fierce

we have a lot of problems --- and they come in multitude of fronts ---

1. price wise we can not undercut competitors from bangla or vietnam or cambodia or africa

2. technology wise we lose to china, taiwan, korea, japan, europe, america

3. our businesses don't get any sapot from the government - businesses in other countries, even businesses in singapore get a lot of help from their government

4. efficiency wise we lose to many others

5. not only our government don't sapot us, we have to face a lot of ridiculous red tape from our own government

6. our business people are split - and many of our business people are not business savvy at all --- all they do is to sux the "t1ts" of the GLCs, which in turns got their $$ from the government, which in turn, got the money from us

7. many of our business people are not brave enough - when i went to africa, i had to do it all by myself, and in africa, i met with a lot of business people from thailand, believe it or not

bro, try go and ask all ur frnd who are 20+ see who got more than RM10k+ in bank.
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

That guy have good financial planning lor.. You thought it is easy to have 35k savings at 20+ of age nowadays??

I bet most young pipul nowadays have 0 savings 

10k+ wor.. i think able save that amount in 1-2 years working?

Maybe most of my close friends in sales line, some in banking sales, some property sales, and brokers.. so their income will be higher than most at our age group..
Yup, not easy to have that saving, but definitely possible  3 years working, save 1k every month, not include bonus yet.. sounds do-able loh 

Have been meeting friends these past 2 weeks, and have been getting the same indication --- Economy sudah merosok

Friends from different fields, from different companies, some whose target domestic market, others targeting export / international market, and even those who are HQ at Johor, KL, Singapore, and when we compare notes, we found out that what had been troubling us for the past few weeks, what we had been suspecting, is true

And when we compare notes, for the past few weeks alone, business has gone down from 10% to 40%, depending on company, target market, industry, location

Things had started to go down before the election, but the effect was minimal, because at that time many of us still had existing orders as buffer

And now, the election is over, things gone from bad to worse - some of my friends (almost all of them taukeh / managing directors) couldn't land any new order - and some of the factories are starting to cut back on overtime, some even are planning to cut shifts, from 3 to 2, or from 2 to 1

Dunno how long this downturn will last, and dunno how bad this time it gonna be, but this ain't a joke

We started to network for the past few weeks because we had that "feeling" that something was not right, it stayed a "feeling" until, as I said, we started to compare notes, and the picture becomes clear --- the downturn is starting to hit us, all of us

U salaryman won't feel the pinch yet, but in a month or two (or maybe in a quarter or two) you might

nak tumpang tanya, is it recommendable to buy SGD now or later since I'm going there around late August? will the exchange rate gets smaller later or bigger by next month?

nak tumpang tanya, is it recommendable to buy SGD now or later since I'm going there around late August? will the exchange rate gets smaller later or bigger by next month?

Usually, 1 or 2 months is very small difference, up or down.

Though based on current trend, it likely SGD will be more and more expensive.

depends how much you intend to change..

if the rate goes up to 2.60 or 2.65 from current rate, the difference is RM5-10 only for every SGD100 that you change..

nak tumpang tanya, is it recommendable to buy SGD now or later since I'm going there around late August? will the exchange rate gets smaller later or bigger by next month?

I wonder economy is so complex, and few person can know where the economy is going?

in the end the decision makers in the federal government (fiscal policy) and the central bank (monetary policy) are also a few people