u might get it today.

now, 3.878.

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

Folks,

This is Malaysia.

It is VERY SIMPLE.

Do you trust THE GOVERNMENT?? If not, how could you trust anything control by THE GOVERNMENT??

Now, some people are selling ASNB.  So, what can they say about ASNB??

Dreamer

looks like no escape. by end of week, i think...

Instead of wasting more Forex reserve, bnm will soon putting up interest rate.

With so many kiasu tourists exchanging for myr, myr will rise next week. Time to short US$.

he meant short the $, u meant $ in short supply?

BNM foreign currency reserves stood at USD96.7 bil as at end of July.

Just prepare cash after this lor.. now a lot of young ppl so hardup to buy house. After this, a lot of companies are going to do badly. Many companies will cut down expenses and unemployment rate will go up. What do you think happens if unemployment goes up? people start to cut down expenses and spend less. Those who might lose their jobs cant sleep in peace every night cause they think about house loan, children's education, putting food on the table, etc. Mind you that the unemployment rate has been slowly creeping up even though our country is still having a comfortable GDP increment of 4.5%.

Imagine what happens if we have only a 1.2-2% GDP.. Our neighbours (Singapore,Thailand,India, etc) have all increased their interest rates to stem the flow of foreign money outflows. Bank Negara have not even started using interest rates to counter outflows yet. For people like you and me, it will be good if you have a lot of savings in the bank as banks are desperate for deposits and any increments in interest rates will see your deposits slowly grow. However, if you have a lot of debts compared to deposits and you still day dreaming.. better be careful, any increase in interest rates + unemployment + less bonus + less increment is going to be like a lawn mower, chewing you up on the inside..

BNM  can always hike interest rate, and worse to worse case, peg currency back to 3.80
Hence, many currency traders will get "burn fingers" quite badly.

Give any reason..E.g  To increase and boost up more savings reserve to counter-back any global economy slowness..

Banks are taking depositor's money to borrow to lenders.
If BNM increase OPR and causing more people to go bankrupt, with depositor want to take money, what will happen