Sos muka buku



This post has been edited by Seager: Aug 14 2013, 07:38 PM

why not USD? we pay import/debt using SGD ka?

This post has been edited by forks: Aug 14 2013, 07:36 PM

sgd kukuh atau rm merundum atau usd stabil? ini pusing putar alam?

apa boleh kita buat?

all out of our control

his become finance minister becos his wife

so his can songlap more

inbef his a military minister and no happy on it

If public spending didn't go up, gdp wouldve shrunk drastically, like sg's. Then instead of complaining about higher public debt, people will complain about falling gdp.

It's not rm weak but sgd usd strong anyway a weaker rm is good for our economy since we are export driven oh please ignore that our trade surpluses fell by 50%

fail gomen......nuff said

this means public spending is used to compensate for our shrinking consumption/export/capital?

like wat Obama and Bush did. lets see how they ended up

Want me to compare with rupees?

economic sense

Yep. Its basic keynesian. Govt spending replaces absent demand because if there's no demand, there's no growth, businesses fail, people get unemployed and the recession gets worst - like greece going into recession AND needing to cut spending and jobs.

On the contrary, the us and europe are cutting spending. What they're doing now is quantitative easing - printing money - which is not the same as public spending. Quite the opposite, in fact.

...dapat gaji pm and also finance minister... that's nice.. double payslip yo !

how come larr DAP/PKR pipu always think that

SG increase = Malaysia teruk

Lol

Lol, never learn economy ke Anwar/Lim Guan Eng supporter?

I don't mind us having low rm value than any other currency. Maybe gomen is focusing more on exports than imports.

What worries me is our debt to gdp ratio. Almost 55% edi. Gomen can no longer borrow from the public so this indicates that we're going to have gst implemented.

the 55% thing is really just a govt created limit, which they can extend if need be.

earn USD SGD the best , earn MYR everyday have to worry currency drop

U should check what was RM vs USD in 1995, 1985, 1975..... then u know how smart are mereisia...

14/8/2013
usd to myr now is 3.27
sgd to myr now is 2.58
rmb to myr now is 0.54
euro to myr now is 4.34

1/5/2013
usd to myr was 2.98
sgd to myr was 2.39
rmb to myr was 0.49
euro to myr was 3.91

don't jelly, join umno, you could be enrolled financial ministry.

Good la, give ppl more ammo to bash with, even if they don't even understand what they are bashing about

Haha ringgit getting sucker yet bn ppl think its only SGD increasing

Compare to USD compare to RMB also die kok la...apa SGD only

compare Thai Bath also kantoi...

Just like the UK Following in our colonial master's footsteps

Our exports are not doing well overseas. Anyway

sos FB?

roflmao

This.

1 pound can get you fish and chips, and a good portion too.
In Malaysia, nowadays 3 karipap also susah dapat

no worry... if any crisis arise.. just play race card.. work like wonder in Malaysia..

yes drop please!

i am earning in USD now.

waiting for the right time to convert

Not just SGD.

USD, Thai Bath, China Yuan, also increasing against MYR.

But I won't expect a Najib supporter to be knowledgeable.

nope, they will kick you out in the end. Black eat black.

oh betul also

dont worry..rm200 given every 4 years..rakyat patut bersyukur kerana kerajaan sentiasa menolong rakyat..

lol
anwar wasn't even great during his time as finance minister

TODAY 1.00 USD = 3.27500 MYR

LAST MONTH IS 3.100 WHICH ONE TERUK?? TS EATSITTT

Definitely not any worse than the current though

daim was the best.
too bad he is really retired this time.

Why? Phillipine Peso against MYR also up?

Oh mai!

during those years malaysia had horrible current account deficits (more imports than exports)



the current account surpluses we take for granted these days were common only after 1998 - before that most years were heavily in the negative. #untoldstories

cakap sini ada guna ka?

why don you show the direct exchange rate??

1995, 1985.......

what are you trying to point out?

This post has been edited by teongpeng: Aug 14 2013, 09:35 PM

thinking that economic strength depends on currency exchange rate

So our exports are now positive, but MYR is going down?

So what does this positive exports do for us?

TRUE STORY

ABNxcess belongs to her wifu.. inb4 nak jadi macam ananda krisnan

LYN mod must be blind to give u elite tag....

you're missing the point. the (artificially high) exchange rate was inherently bad for the economy - but because it benefits the average joe it was popular - a populist move.

so what you're saying is like an ex-drug addict thinking back of his druggie past and saying "actually, things were much better before i got clean". which is silly.

also, if the rate wasnt so artificailly high, another thing that wont happen is the precipitous drop in 1998, or at least it wont be as bad of a drop.

the causality is reverse - our exports are positive BECAUSE myr is down, not the other way round. the smoke is there because of the fire, the fire isnt there because of the smoke.

more jobs, greater wealth, lower reliance on exports of primary goods (industries build up because who wants to produce such and such product when you can simply import it?)

im happy to hear which part of it is wrong.

today?

spin... keeping spining... but...

Show us the history rate please...

1995, 1985, 1975....

i dont deny that its higher, whats your point?



lowest is about 1980, but thats still above 2rm per dollar

so yeah, my turn - can you find the graph to show how our import and export situation was?

edit: go http://www.tradingeconomics.com/malaysia/currency the graph goes back to 1972, but cant copy the resulting graph

This post has been edited by empyreal: Aug 14 2013, 09:55 PM

Isn't our industries is mostly low wage & low tech category? They can grow, but it seems as a country we aren't growing.

last week 3.30usd lo

we're having problems moving up the value chain.

there's always bound to be low-wage low-tech businesses - even in japan there's McJobs to be done.

thing is its how sufficient in numbers our businesses are who are exporting. while we still produce palm oil, low value products like textiles arent a significant amount of exports anymore. back then, our banking sector is pretty much local - now we have a few regional banks.

construction companies are doing well, consumer products (which most consumers think of when they think of exports) kinda lag behind though, but meh.

i personally dont agree with the govt's focus on services as the driver of growth. i think services grows OUT OF the strength of manufacturing. after all, you need to 'service' someone rather than each other.

don't worry najib... whatever happen UMNO backing will enough to made you PM, just ignore all stupid comments

Time to think of shifting your business to or opening a branch in Spore bro. So I no need go so far every time I want to make specs.

wow... i also dont know in 1980 our ringgit is so high.... about 1 USD = RM 2. Thanks for your sharing...

in 1957 we were 3x richer then S Korean,
in 198x we were as rich as S Korean,
in 201x we are 3x poorer then S Korean.

I don enjoy to find any graph u can share...... I will read...

wow.... since u so expert......

what type of manufacturing should the country focus for now??? Why after 50yrs of merdeka we still like bit..... slow.... compare with those day where we are in the same league as HK, SG, S. Korea???

Appreciate your sharing and view.

This post has been edited by danabu: Aug 14 2013, 10:10 PM

+1.
Southern Thai petty traders also reluctant to accept my weak RM, eventhough RM notes are widely acceptable for small transaction before.

My next month visit to Hat Yai may not as cheap as usual.

Apa2 yang korang bahas ni sebijik pun aku tak faham LEL

lol, the link is right there.

oh, speaking of south korean... one internets for you if you can show krw/myr movements from 1957-201X, you know, just to show the link between currencies and exports/gdp growth.

Do u know keynesian economic fail in long run without real demand and a way to cover the expenses ???....

e.g. how do Obama stimulus spending result into ???

http://www.forbes.com/sites/briandomitrovi...keynesian-ever/

u don c expert sharing.......

weak currency is not problem. we can export more.... good for country....

u should stay at home. because u to hatyai currency drop.... ops... u r trying to help the export..... sorry.....

ops.... i

no need shift , expand business to Singapore! loll
btw my gf is in singapore

As long we can't move up the value chain, I think any growth cause by a weak ringgit is just temporary. Not a reason to celebrate.

all this financial and economy problem in malaysia cause of prime minister who also become as finance minister.

our major industry are mostly export, weak ringgit is great news

if rm going down at 10% per year but my rm salary going up 30% per year...... why should i care........

oh yes... ayam tak pandai.... sebab increment hanya 3%...... is my problem....

ini semua salah saya....

Biar ekonomi teruk, biar nilai Ringgit terus merosot, janji UMNO/BN terus memerintah, asalkan orang Melayu masih berkuasa.

Yaya, faster open a branch in Spore. I can be your part time promoter.

ah forbes
they've never been fans of keynes or democrats

Currency movement isn't 1 way though, we can go down now, but go up back later.

but not good news for us normal citizens that need to buy stuff online

no... our major industry is service not export.... our major export is is petrol and palm oil (which demand dropping),... we even need to import our necessity where our agriculture industry can't sufficiently supply,.... unless our service industry provide to global demand... weak ringgit is not good news...

you're assuming malaysia's economy = america's economy.

america's economy is in a continuous current account deficit. malaysia has a current account surplus. large current account surpluses in fact, even as world demand falls, the surplus is still okay. so the real deamnd is there - if not driven by domestic consumption, at the very least there's lots of exports to be had.

covering the expenses is for when the ecnoomy is in a good shape. this is where greenspan had it wrong, and bn had been having it wrong. during good times, you curtail spending (save up) for the bad times. given, a developing country has a lot to spend even when cutting down expenses to build up infra, but during the better times the deficit should be cut down a little.

besides, the other solution, increasing the money supply (i.e. quantitative easing) isnt really working, is it?

apart from pumping up the stock markets that is. get ready for a whole load of inflation when things get better

actually if we can move up the value chain, a weak ringgit will help those products too.

in a way, the development of higher value products are a bit of a hope-and-pray for governments. they can pump in to promote this industry or that product, but if there's no private citizen who takes up the risk for say, a biotech company that produces implants for midgets, then all that effort is for nothing.

of course, if the govt supports an entrepreneur TOO much, then he becomes a crony, doesnt he?

it takes a bit of balance

Look how much bank inflated our money..
Its not bn.. Its the bank..

Look at the little bump at 1998 since we in the asian financial crisis..



This post has been edited by Supergoola: Aug 14 2013, 10:35 PM

what type of service, may i ask?

Ayam waiting......

ayam watching 1985 - now.... still waiting.....

I will continue with hope.

I love Malaysia.

but tell me u dont like inflation, u buy a house, do you want to house to keep going up in value or go down? if u want go up in value that mean u want inflation.

Almost every country does this.

Fiat money isn't bad if you know how to invest.

How can u say u are making profit when your money is decreasing in value?

actually your concern should be the inflation rate.

as for increments being less than the rate of inflation, i have to say that it would be that wage-earner's fault - either they're not productive enough, not value-adding enough, or just in the wrong industry. if you're worth a million a year, the company wont pay you minimum wage.

so u want deflation? where u money increase in value?

Inflation not included yet.

Majority of working mereisian still not qualified to pay income tax. Event the RM3k income mark set for so many years oredi. Must be their problem.........

Mesti ubah gaya hidup. I understand now. U are real genius.

u giv me money?
Sgd 300k please

apart from the tax-dodgers, tax evaders, those who pay in tax-deductable zakat, yeah, it is.

truth hurts, doesnt it?

So u r saying that majority mareisian gaji dah lebih RM3k??

nope, but im saying a lot more ARE eligible. trading stocks, i know a lot who arent declaring profits properly.

are you saying that ALL of those not paying taxes currently are honest-to-goodness poor? dont make me laugh.

for those who still arent, well...

Inflation is very slow. Companies always reinvest their profits expand their business and make more money.

Small shops and business that doesn't bother to expand will get hurt at the end.

Shhhhhhhhhhhh

This post has been edited by dotadellpro: Aug 14 2013, 10:57 PM

Thankss. SO majority are still less then RM 3k.

what is average majority salary increment in mereisa each year?? If you exclude goverment servant??

semua tidak apa...petronas masih ada...
jaminan BN selamanya...

Tapi buka thread pasal economics LEL

wow... u juz remind me about 40% of our budget every year is from there......

thanks you... after more then 50yrs of merdeka..... petronas still helping us.... thanks....

Tangan gatal LAWL