Asb is govern by trustee not like tabung haji. Besides if got such news, there will be mass withdrawal of ASX units.

You can check out the ASX thread. People voiced their concerns.

This post has been edited by Ramjade: Aug 5 2015, 08:12 PM

No I don't trust. But what choice do common people like me have? My parents and me do not know anything about share market. They are too scared to move the money overseas. Even if we move the money overseas. With the current economy, you are damn lucky that pnb is paying dividend of 6.6%

Not that. I don't trust the gov. But I think i trust pnb

I am willing to learn and invest and lose some money along the way. But my parents aren't. Opening a cds account already they said cannot. Don't dabble in share market. You will lose money. You see their thinking.

I think BNM is in catch 22.

How the heck is the debt going to reduced when debt is at all time high?

Double poat

This post has been edited by Ramjade: Aug 12 2015, 09:48 AM

Really so drastic until limit rm3k/withdrawal?

If I want to withdraw my matured fd, cannot la?

I believed this is only short while until China and Greece fix their problem. As the saying, what goes up must come down. Anything can happen in 1 year time.

Seriously POA? That bad? Or another photoshopped?

Just google "ringgit poa". Click the first link. myxxx.net

Drop. Nothing to push up the RM.

You forgot Malaysia's decreasing foreign reserve

This post has been edited by Ramjade: Aug 28 2015, 05:18 PM

Dreamer, what good is holding usd in cash? It won't generate anymore usd. Isn't it better for someone to buy us shares or something or have something which can generate returns in usd?

Maybe you could make a tutorial on say opening a US FD with a US bank from malaysia instead of US FD offered by malaysian banks (that way your money is not stuck in malaysia). That will be more helpful to the average malaysian who does not want to try out shares. If you can do that, I am sure lots of people will be interested.

Luckily it went up after the pump price drop. Or else we will be paying more for oil. At least right now, with decrease in price is like 1 month of subsidy

Not true. Malaysia only have Rm90+b and bnm burned through rm10+b in one month trying to defend the RM. Malaysia needs foreign reserve or else trade cannot proceed and they cannot use up the reserves trying to defend the RM.

So you do the maths and see burning through rm10b /month trying to defend the RM or trying to keep the economy alive. You don't need to be a genius to see how bnm will work. Look at China. How much foreign reserve they burn trying to defend the yuan? And they stop when their reserve drop to usd300b.

Wakeup. BNM reserve is limited.

Or maybe as dreamer said, "Don't worry. Everything is OK. Be happy"

This post has been edited by Ramjade: Sep 2 2015, 08:56 PM

Yes reserve is in usd. Sorry about the mistake. The main point is they burn through 10b of reserve in a month just trying to defend the RM. Left with 90+b.

Keep in mind, bnm is not bottomless pit. They need the reserve for trade to commenced. How much more reserve you think they can burn to defend the RM?


This post has been edited by Ramjade: Sep 2 2015, 09:11 PM

That's what I am saying. People looked usd90b as a lot but when you see that they can burn through usd10b in one month, you realise that usd90b is not enough.

Sure or not? If another "skeleton" got reveal some more, what happen? How sure are you crude oil can recover? If China devalue their currency some more, you think the RM can stabilise at rm4.2? Malaysia is getting hit by 4 sides. Strong USD, devaluation of yuan, low oil prices and internal problem.

The way I see it, the Saudis are at war with US. US have shale oil. Saudi and US are fighting to see who will bleed first. Shale oil is only profitable only if crude oil is above usd30. So the Saudis need to make sure oil is below that price that to undercut US.

And Saudi already said they are not going to reduce production but instead increasing production. The current increase in crude oil is short term. Sure of it.

Don't worry. Everything is fine. We still have lots of reserve. Tourism and export will increase. Be happy.

Based on previous post, exports are not increasing but actually decreasing.

Double post

This post has been edited by Ramjade: Sep 2 2015, 11:10 PM