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 Malaysia current economy ? Bad ?, RM devalue, high inflation ? Ur view ?

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Artus
post Feb 2 2014, 01:48 PM

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QUOTE(Irresistible @ Jan 31 2014, 03:17 PM)
With the devalue of Malaysia currency vs major currencies, RM 3.35 = USD 1
RM 2.63  = SGD 1

Price hikes for many things, eg. petrol, electricity, food etc... High inflation..
Some said "foreign sell off " and "exit of foreign fund" (investment ), further weaken us. (If Malaysia fundamental is strong, why they will sell off ?)

1. Is Malaysia economy still fine ?
2. Has Our politician doing their job well to ensure our economy remain competitive ?
3. Why RM currency kept drop in value ? And it's more than 10% within months... Is this bad ? Reduce our citizen purchasing power ?
4. What measures our leader can do to make our economy better ?
Thanks notworthy.gif
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Here's a very good explanation about the high Singapore dollar:

Why Singapore Dollars have NO CHOICE but to continually Appreciate in value


Artus
post Feb 5 2014, 03:24 PM

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QUOTE(Irresistible @ Feb 4 2014, 06:21 PM)
1 USD = RM 3.80  shocking.gif
1 SGD = RM 3.00  shocking.gif


Now, a singapore koptiam helper, let's said getting SGD 2000 , equivalent to a assistant manager/manager of Malaysia RM 6000
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Can only say that if the kopitiam helper earns RM6000 if he lives in JB and works in SG. But if work and live in SG, then he earns SGD2000, which is pretty lousy pay in SG.

That's why I said the smart Malaysian would work in SG and live in JB.


Artus
post Feb 5 2014, 03:34 PM

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QUOTE(netmask8 @ Feb 5 2014, 03:09 PM)
RM weak is very good for exports and tourism.. With good exports and tourism,
more Msians got jobs/employment + OT, pay more taxes, less Msians will travel aboard oversea,
Demand / Purchasing Power for Luxury gadget/peripherals will be less , less outflow of RM and
economy trade will be surplus rather than deficit. However, inflation will be pressure to control.
High inflation fenomena is affecting worldwide now[cool.gif, Turkey, Argentina, India ..etc..etc ..
Luckily Our basic necessities food(rice, chicken, flour, salt, ..etc) are control items and if you hike
the sellable price, with policy Act and ppls will boycott traders and cook/eat at home..

Before and After CNY 2014, many firecrackers/fireworks spent and light up, many ppls ate at restaurants,
many new cars on the road, many ppls bought new smartphone/gadgets ..
DO you think Msia current economy is bad ??  International Reserves
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Yes, weak RM is good for exports and tourism. The only worry of a weak RM is inflation. Weak RM is also good for accumulating foreign currency reserves. In the 1990s, our ringgit was very strong, but as a consequence, our currency reserves went down to very low levels, because we imported a lot of luxury goods as well as spent a lot on vacations overseas.

Singapore, on the other hand, must maintain a very strong dollar all the time or else their inflation would be very high because they have to import practically everything.



 

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