The research house highlighted that total debt securities reported net foreign outflows of RM8.9bil in August, bringing down total foreign holdings of Malaysia’s total debt securities to RM197.8bil from RM206.8bil in July.

“The latest foreign holdings were the lowest level since June 2012 (RM187.4bil). MGS became the casualty of outflows,” it said.

In August, foreign investors reduced their holdings of the MGS to RM157.4bil (July: RM165.4bil; June: RM166.8bil) or 46.4% (July: 47.8%; June: 48.5%) of total MGS outstanding in the market.

http://www.thestar.com.my/Business/Busines...less/?style=biz

I pity the Malaysian who earns MYR and sent their kids oversea. Gonna dig money to cover the foreign exchange cost

Oct 9 - Budget 2016. probably the most impt speech for our local events this yr..

Sep 11 - Singapore Election, for those invested into SG assets.

I beg to deffer = I have reasons to believe that with Msia's current state, the PM will rollout some surprises.

Without Mr LKY, the PAP may experience some surprises.

AVFAN,... my friend,.. if our PM does not roll out something really good to help us this time, do you think he will still stand up there, shouting unnecessary slogans and unhelpful war-cries just to raise more attention ? What will it further do to his rep ?
What about that economic council that he has set-up that's supposed to roll out something to help this country ? They should be helping him to formulate Budget 2016.
He BETTER have something for us. ... That's what the policy-makers are there for, especially in these times.     

But this is a Crisis Budget,

how about foreign currency account? 

I appreciate your sense of humour, in times in crisis,....  

Say in sep2009, u have rm200k cash n put half in each RM's FD(4% int) n USD's FD(1% int, USD/MYR=3.6). And now after 6 years, u decided to convert the USD to MYR at 4.3, guess what, they give the same returns. I am assuming the USD's FD at 1% or could it be higher/lower due to QE?

Is USD 1,000 worth the same amount of RM between the beginning of this year versus now??

Ringgit declines to new 1998 low on heightened risk aversion

Published: 10 September 2015 10:12 AM

The ringgit this morning hit 4.3770 a dollar, its lowest level since January 1998. – The Malaysian Insider file pic, September 10, 2015.

The ringgit led losses early in Asia as a renewed decline in stocks and a downgrade in Brazil’s credit rating reignited concerns capital will flow out of emerging markets as the US prepares to raise interest rates.

The currency fell 1.1% to 4.3770 a dollar as of 8.13am in Kuala Lumpur, the lowest level since January 1998, according to prices from local banks compiled by Bloomberg.

“The drop in US equities, the rate cut by the Reserve Bank of New Zealand and cutting Brazil’s rating to junk should push emerging markets down,” said Masashi Murata, vice president at Brown Brothers Harriman & Co in Tokyo. “All Asian currencies are likely to drop with risk-off trading.” – Bloomberg, September 10, 2015.

- See more at: http://www.themalaysianinsider.com/malaysi...h.KoulMdmB.dpuf

MIDF sees ringgit strengthening towards 4.00 against USD in near-term

By Ahmad Naqib Idris / theedgemarkets.com  | September 10, 2015 : 12:02 PM MYT 

KUALA LUMPUR (Sept 10): MIDF Research expects the ringgit to strengthen towards between 4.00 and 4.20 levels against the US dollar within the next few months, as the ringgit is showing clear signs of tapering, following its recent plunge.

In a note today, MIDF said the ringgit situation was turning for the better towards the end of August, based on the negative spread between the USD/MYR non-deliverable forward (NDF) rate and onshore interbank forward rate seen during the month.

“It is notable that the spread slumped to more than -200 pips at its recent trough, the lowest level since March this year. We believe the prevailing downswing is related to, among others, the changing market perceptions over the timing and pace of US Fed’s future monetary actions,” said the research house.

It explained that the narrowing of the offshore-onshore spread signals a transitory reversal of the ringgit’s performance against the greenback.

“On this score, we may see the ringgit strengthening against US dollar towards between 4.20 and 4.00 levels within the next few months,” it said.

The research house added that the strengthening of the ringgit will have a positive impact on the equity market and maintained its year-end baseline target of 1,650 points, with upper and lower range of 1,700 and 1,600 points respectively.

MIDF noted that the pressure on the ringgit was building up since the fourth quarter of 2014, with the spread between NDF and onshore interbank forward rates continued to rise and peaked in March 2015, and subsequently tapered down over the following two months.

The pressure returned strongly in June to August, it said, with the rates spread expanding up to almost 1,000 pips in mid-August, with the ringgit breaching 3.80 in early July and 4.00 near mid-August, the two important psychological levels.

At 10.45am today, the ringgit weakened to 4.3475 against the US dollar, according to Bloomberg data.
http://www.theedgemarkets.com/my/article/m...t-usd-near-term

Eventhough there is a blast in Thailand, their economy still strong compare to MY.

Malaysia incidents is worse than Thailand blast...(football flare , 1 Em Dee Bi , 2.6 billion rice ...etc etc)

Which Country Will Devalue Their Currency Next? Libya, Equatorial Guinea and Oman
http://www.bloomberg.com/news/articles/201...guinea-and-oman

Surprisingly MYR deem neutral...

EMs: Brace for long haul; it's going to be tough
http://www.cnbc.com/2015/09/10/ems-brace-f...o-be-tough.html

I think over the years, many surprises hit us. Who predicted the oil price caused havoc last year ? I am sure there will be continued surprises unfolding in the next few months. Just when we thought US$ will continue its uptrend, suddenly a surprise will hit us and the tide changes 180 degree. Never know. Too many such surprises we encountered in the past

However, tis Ppl fail to realize tat USD/MYR could make a u turn n start to appreciates
Wat tis Ppl gonna do when MYR runs wild on USD?

Could b matter of days 

Too many. Nobody knows. Everything is possible. 

That's right. I always wonder how high the US$ can go to a point it won't hurt its economy. There must be a limit. If not, their exports will suffer. And unemployment will increase.

If they raise interest now, it will hurt their export further.

Interesting to see how far the USA is willing to test their limit.

BNM maintain OPR at 3.25%
Will MYR continue to drop?

Any possibility for PAP to increase national vote share from 60% previously?

Some countries facing possible rating cuts and 'junk' status
As well as those now teetering on the investment grade/junk cusp, China, Chile, Malaysia, South Africa, Mexico, Indonesia, Thailand, Israel, Saudi Arabia and much of the Middle East are also priced for rating cuts according to the data.
http://www.thestar.com.my/Business/Busines...cuts/?style=biz