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 USD/MYR drop, V2

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anudora
post Sep 11 2015, 01:25 PM

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Today is BNM monetary policy statement! flex.gif icon_rolleyes.gif
anudora
post Sep 11 2015, 01:59 PM

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QUOTE(jasonkho @ Sep 11 2015, 01:42 PM)
Iphone 6s Starting at RM3k
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Funny to see that the thing you most concern about is the price of an Iphone. tongue.gif

This post has been edited by anudora: Sep 11 2015, 01:59 PM
anudora
post Sep 13 2015, 01:09 AM

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QUOTE(wil-i-am @ Sep 12 2015, 11:43 PM)
Malaysia's Prime Minister Najib Razak to announce economic measures on Monday
http://economictimes.indiatimes.com/news/i...ow/48931695.cms

Saviour on d way?
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I only hope that whatever measure announce will not burden the people or not prop up something at the expense of the people.
anudora
post Sep 14 2015, 08:22 PM

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QUOTE(AVFAN @ Sep 14 2015, 04:39 PM)
usd/rm stays rangebound 4.31x.
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Told you already that the best measure they can come up is to prop up something using money.
But donno where the money come from. RM 20 Billion!
How will this affect the Budget? More deficit? That is why you dont see any effect on USDMYR.

OMG!!! EPF inside.....my money!!!!!!!
Really prop up something at the expense of the people!
My hope did not come true.

This post has been edited by anudora: Sep 14 2015, 08:31 PM
anudora
post Sep 14 2015, 08:32 PM

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QUOTE(nexona88 @ Sep 14 2015, 08:31 PM)
I know where  tongue.gif

Permodalan Nasional Berhad (PNB), state-owned Employees Pension Fund (EPF) and Khazanah Nasional Berhad.
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Yeah just read about it.
My EPF Money!!!!!!!!!!
anudora
post Sep 22 2015, 07:45 PM

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International Reserves of Bank Negara Malaysia as at 15 September 2015 The international reserves of Bank Negara Malaysia amounted to RM360.1 billion (equivalent to USD95.3 billion) as at 15 September 2015. The reserves position is sufficient to finance 7.3 months of retained imports and is 1.1 times the short-term external debt.



This post has been edited by anudora: Sep 22 2015, 07:47 PM
anudora
post Sep 25 2015, 12:16 PM

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QUOTE(nexona88 @ Sep 25 2015, 12:09 PM)
MIDF revises end-2015 ringgit forecast to 4.40-4.50 against US dollar yawn.gif

http://www.theedgemarkets.com/my/article/m...?type=Corporate
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Revising the target only after it hit 4.44 which is already inside their target range. Mind blowing forecaster! sweat.gif
anudora
post Sep 25 2015, 12:26 PM

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QUOTE(nexona88 @ Sep 25 2015, 12:20 PM)
they're playing safe  tongue.gif  laugh.gif
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They were the one that forecast USDMYR will not reach 4.00 this year just a few months ago.
Now on its way to making a second joke of the year. This time they are turning to be a reporter rather than forecaster.
They will be proven wrong before this month end.

This post has been edited by anudora: Sep 25 2015, 12:28 PM
anudora
post Oct 1 2015, 08:05 PM

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QUOTE(AVFAN @ Oct 1 2015, 06:42 PM)
surely.

some will hit bad with... fast food - burgers, buns, cheese, fries, pizza dough/flour - all imported ingredients.

students will be hit with price incr for books, stationery, calculators, shoes, uniforms - almost all imported.

old/sick folks will be hit with.. healthcare/medication - some will now turn to gomen hospitals 100%.

new parents will be hit for infant formula, diapers, cereals...

others.... pc's, tablets, car spare parts, house repairs...

nothing will escape, not even ikan bilis. maybe kangkung will stay cheap.

we don't really make or grow much here, do we?
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When Christian Lagarde visit M'sia a few years ago, she was aware of the situation and was quick to point out that we are planting far too much CPO.
She stated that any anything happen, the price of fruits and vegetables will increase very much.
She suggested to plant more fruits and vegetables instead of CPO. Guess the advice had fallen on deaf ear.
I am impressed with her view. Although it was just a short visit, she seem to understand the situation well enough.

This post has been edited by anudora: Oct 1 2015, 08:06 PM

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