Hope OPR no change.

The goemn need maximum conversion from petronas US$ income to pay for budget, myr is likely to depreciate further hence should keep opr the same.

You choose: stay !

1.00 USD = 4.31 MYR

1.00 SGD = 3.03 MYR

USD/MYR registered steady depreciation from 4.2000 on 28/8 to 4.3385 today
Wat BNM gonna do?

What to invest if i have rm1k during RM drop..?

Temporary setback, as FED going to raise / hike interest rate in USA next week?

http://www.federalreserve.gov/monetarypoli...mccalendars.htm

Other Country Governors will follow and hike interest rate too?

Many currencies also dropped against the greenback ==>> http://www.tradingeconomics.com/currencies

EXPORTS > IMPORTS .. Trade Surplus http://www.tradingeconomics.com/malaysia/balance-of-trade

Purchasing power > Net salary

What you choose does matter?? Accorded to the standard practice, OPR will be increase to stabilizing the currency. It is because when OPR increase and Federal Reserve will be able to increase / gain faster. Government have no other choice as other resource such as oil cannot filling the target.

Be prepare for BR increase...

Be aware, as government may increase personal income tax due to no other income... they cannot increase GST again less then 1 year...

Our country has very revolutionary ideas and tactics. I wouldn't bet in anything.

burnthome,

I disagree. THE GOVERNMENT will increase GST but not the personal income tax.

It is VERY SIMPLE.

1) Economy is going down. People's income are lower. So, increase personal income tax will not increase income to THE GOVERNMENT.

2) It is HARDER to collect more money from people with high income.

<<they cannot increase GST again less then 1 year...>>

No, that will be not an important consideration. In fact, THE GOVERNMENT will increase GST as soon as possible in order to avoid increasing GST right before general election. THE GOVERNMENT will freeze GST 6 months to 1 year before general election. If you do the calculation, there will be a GST increase in 2016 if not sooner.

Dreamer

Dreamer,
You should understand as lowest taxpayer is RM 2500 and this so called low middle class is needed to compensate. As overall, an average city earners will be between RM 3000 to RM 5000 and if Government increasing the tax, IRD will getting its money on top of GST.
Further, Government still can adjust its taxation structure and charging higher with multiple level if you have surpass certain level. Taxation structure can be good to the lowest taxpayer but it will be bad to the middle and high earners.

I can't see any GST increase at the moment where complaint and problem is still happened. System for retailer is just only implement and I cannot see any change as the cost will be incur and investor will complain. This is not reasonable move to increase the GST, last implement GST is already mark to 6% and it is high charge of this tax.

Have a good day.

burnthome,

1) You are assuming income level stay THE SAME. They don't. They are going down. So, increase income tax rate will not bring more money to THE GOVERNMENT.

2) Complaint and problem does not affect THE GOVERNMENT. It will not lose power. It needs MONEY to spend in order to stay in power. And, it need to increase the GST and freeze the GST before the general election. This is POLITIC.

Dreamer

From the video you can find the facebook and website. There you can find his new book.

More downside for ringgit unless...
http://www.thestar.com.my/Business/Busines...less/?style=biz

make it simple..once you change your RM to USD..where you going to deposit it?
unless you are saving on foreign currency account..

Please create new V2 for continuity of this topic.

Ty.