When GDP grows at 4.x%, means there will be at least 4.x% increase in disposal income.

Bro any idea what time the budget will be announce by the PM?

And budget this Friday should be positive for the RM.

All in all, analysts said more measures were likely to be introduced to cushion the impact of the GST on households, in the form of cash pay-outs and bonus payment for civil servants, including an increase in Bantuan Rakyat 1Malaysia (BR1M) across the board for households and individuals.
— BERNAMA
http://www.freemalaysiatoday.com/category/...omic-prospects/

Want to bet 3 x    ?

Rates at 4.00pm Friday vs rates at 10.00am Monday 

Leading the charge
http://www.focusmalaysia.my/Mainstream/Lea...%20the%20charge

All commodities goes up
Can tis momentum sustain plus turnaround for MYR?

With oil still around $45, RM appreciate from 4.28/4.29 to 4.22/4.23 today. I think they already pricing in goodies in budget 2016 

Rates at 4.00pm Friday vs rates at 10.00am Monday 

looks like GST managed to soften the blow to reduction of petroleum revenue. no more oil money but rakyat's money.

Yeah,... RM is also strengthening against the SGD. At I am writing, it is at 3.0321 against the SGD. So,... if we go to the money-changer tomorrow, can probably get at 3.0530 if this number of 3.0321 does not move-up further by tonight.

No major surprises in the budget to prop up RM. They still spend like before. No major effort to save RM demonstrated.

Don't need to wait for Monday    You get the 3     

The feeling I get is they still are complacent with the situation and do not see the urgency. They even sound proud of the GST covering the short fall with no slight gratefulness to the GST payers Ie. They claimed credit for implementing GST instead of thanking the whole nation for paying GST and contributing to nation building

The only word I can think of is "merciless"

Well, at least they did not raise the GST.

Why would oil drop when the central banks provide more stimuli

Statistics : 6% GST introduced in 2015. GDP growth was affected only <1%, and that was due to China slowdown and low oil price, not GST

Of course there will not be suicidal 1 time 10% increase. They are stupid, but not that stupid. It will be increase 1-2% bit by bit each time depending on situation.

Najib is counting on domestic demand as global growth falters, pledging to boost consumption, spur private investment and accelerate selected public infrastructure projects next year. And he plans to achieve this without deepening the budget deficit even as oil revenue shrinks.

http://www.bloomberg.com/news/articles/201...alaysian-budget

Am I the only one here think, GST should not have exemption list, but to have a lower % GST?

It is easier this way than trying to figure out which one is GST which one is not.

1. Both WTI Crude n Brent Crude close @ 44.60 n 47.99
2. China cut rates n reserves
USD/MYR shld b heading to 4.30 next week?

there are too many factors affecting USS/MYR, so it is hard to tell.

but if u see how crazy RM bounce from 4.4 to 4.1 weeks ago just for a very small "good news", there is a good chance that RM priced-in as well as in oversold territory.

It is going to takes a whole lot of bad news so bad enough to move RM below current levels.

3.3 to 3.8 takes a few months time & it is the beginning of bear trend which is usually fall fast.

3.8 to 4.3 drop within a month is actually the result of Bank negara trying to use reserve to hold 3.8 for months. (the market already price in it isnt worth 3.8). When BNM decide to let it go, u know what happen next.

Everyone already know RM is bad, they are generally priced in. What is missing is a serious bad news to surprise everyone to push it further below 4.4, if that is not coming I do not see a big swing move to RM, may be a slow grind downwards, but a move like 3.8-4.3 without reason? unlikely.

It is usually the surprise bad news that is going to make RM slide be it politician or anything economic related

Frankly speaking, it is just as risky to short RM right now vs long RM.