Aug 18 2015, 11:07 PM
QUOTE(mikehwy @ Aug 18 2015, 10:19 PM)
latest.....
hsbc spore head of asian currency said...msiaa woild need all the reserves to suupport rm back to earlier levell ( I forgot the number).
reported by a locall research, bank :1988 crisis, msia reserves was at 21b. now 96b is considered strong. so fundamentally msiaa is good! ( a malay guy at locall research house)
This is a major downturn. I believe nothing is enough if u go against the wind. Almost 100b used up n now USD rate is above RM4.00. Oil is poised to drop further. China is experiencing a slowdown n is now preparing for it as she deliberately devalue the Yuan. Way back in 1998, China help us thru' the crisis by purchasing huge quantities of palm oil.hsbc spore head of asian currency said...msiaa woild need all the reserves to suupport rm back to earlier levell ( I forgot the number).
reported by a locall research, bank :1988 crisis, msia reserves was at 21b. now 96b is considered strong. so fundamentally msiaa is good! ( a malay guy at locall research house)
Quote
0.0446sec
0.43
7 queries
GZIP Disabled