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 USD/MYR drop, v3

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nexona88
post Jan 8 2016, 11:32 AM

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QUOTE(AVFAN @ Jan 8 2016, 10:40 AM)
rm lead among asian currencies to recover against usd.

down #1, up also #1! biggrin.gif
*
bolehland always want #1, both ways rclxms.gif
TSwil-i-am
post Jan 8 2016, 06:05 PM

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Najib: Budget 2016 to be recalibrated
http://www.thestar.com.my/news/nation/2016...e-recalibrated/

Another round of volatility for USD/MYR?
nexona88
post Jan 8 2016, 06:17 PM

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USD/MYR close: 4.38916 low: 4.35531 high: 4.41175
AVFAN
post Jan 8 2016, 07:18 PM

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QUOTE(wil-i-am @ Jan 8 2016, 06:05 PM)
Najib: Budget 2016 to be recalibrated
http://www.thestar.com.my/news/nation/2016...e-recalibrated/

Another round of volatility for USD/MYR?
*
i think so.

scenario A
cut "vote getting/goodies" expense, pm budget
realistic oil price
minor new borrowings
minor taxes incr

scenario B
keep/incr "vote getting/goodies" expense, pm budget
cut capex, investments budget
optimistic oil price
major incr borrowings
major taxes incr

maybe a mix of A and B, but let's just talk about the slant.

place yr bets now. tongue.gif
AVFAN
post Jan 8 2016, 07:28 PM

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QUOTE
China says will further liberalize interest rates
http://www.cnbc.com/2016/01/08/china-centr...uan-stable.html

Yuan Seen Needing Bigger Depreciation for China to Reap Benefits
The yuan, which has fallen 5 percent since China’s central bank devalued the currency in August, probably needs to fall an additional 14 percent if the nation’s economy is to see any real benefits.
http://www.bloomberg.com/news/articles/201...o-reap-benefits
This post has been edited by AVFAN: Jan 8 2016, 07:35 PM
icemanfx
post Jan 8 2016, 08:04 PM

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QUOTE(wil-i-am @ Jan 8 2016, 06:05 PM)
Najib: Budget 2016 to be recalibrated
http://www.thestar.com.my/news/nation/2016...e-recalibrated/

Another round of volatility for USD/MYR?
*
Last year, budget austerity was announced with a fanfare at picc and followed by supplement budget a few months later. Believe similar will happen.
nexona88
post Jan 8 2016, 08:26 PM

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QUOTE(AVFAN @ Jan 8 2016, 07:18 PM)
i think so.

scenario A
cut "vote getting/goodies" expense, pm budget
realistic oil price
minor new borrowings
minor taxes incr

scenario B
keep/incr "vote getting/goodies" expense, pm budget
cut capex, investments budget
optimistic oil price
major incr borrowings
major taxes incr

maybe a mix of A and B, but let's just talk about the slant.

place yr bets now. tongue.gif
*
confirm B. enuf said yawn.gif
TSwil-i-am
post Jan 9 2016, 01:21 PM

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QUOTE(AVFAN @ Jan 8 2016, 07:18 PM)
i think so.

scenario A
cut "vote getting/goodies" expense, pm budget
realistic oil price
minor new borrowings
minor taxes incr

scenario B
keep/incr "vote getting/goodies" expense, pm budget
cut capex, investments budget
optimistic oil price
major incr borrowings
major taxes incr

maybe a mix of A and B, but let's just talk about the slant.

place yr bets now. tongue.gif
*
Most likely B

nexona88
post Jan 9 2016, 01:26 PM

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QUOTE(icemanfx @ Jan 8 2016, 08:04 PM)
Last year, budget austerity was announced with a fanfare at picc and followed by supplement budget a few months later. Believe similar will happen.
*
guess same thing tis year yawn.gif
prophetjul
post Jan 9 2016, 01:58 PM

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Raise taxes on income
prophetjul
post Jan 9 2016, 01:59 PM

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Raise taxes on income
AVFAN
post Jan 9 2016, 02:08 PM

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QUOTE(prophetjul @ Jan 9 2016, 01:58 PM)
Raise taxes on income
*
bijan been boasting about gst while people hate it.

most people hate it not becos it is not a sound principle but becos it is being used to fill the big holes he created.

so, yes, i see high chance for increase in all kinds of taxes soon - incl gst, income tax. dozens of think tanks must be burning midnight oil now to find new and creative ways to tax anything that moves.

what else can putarjaya do to keep spending?!



crude <33.

8 Jan 2016 06:00 UTC - 9 Jan 2016 06:01 UTC
USD/MYR close:4.42290 low:4.37280 high:4.42325

This post has been edited by AVFAN: Jan 9 2016, 02:10 PM
nexona88
post Jan 9 2016, 02:53 PM

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I got feeling Retail LPG subsidy would be cut. It the biggest one now hmm.gif
TSwil-i-am
post Jan 9 2016, 05:59 PM

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We'll cross that bridge when we get there
nexona88
post Jan 9 2016, 06:06 PM

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Btw when is the actual announcement of the bugdet 2016 'adjustment'' by PM Najib? hmm.gif
icemanfx
post Jan 9 2016, 07:20 PM

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QUOTE(AVFAN @ Jan 9 2016, 02:08 PM)
bijan been boasting about gst while people hate it.

most people hate it not becos it is not a sound principle but becos it is being used to fill the big holes he created.

so, yes, i see high chance for increase in all kinds of taxes soon - incl gst, income tax. dozens of think tanks must be burning midnight oil now to find new and creative ways to tax anything that moves.

what else can putarjaya do to keep spending?!
crude <33.

8 Jan 2016 06:00 UTC - 9 Jan 2016 06:01 UTC
USD/MYR close:4.42290 low:4.37280 high:4.42325
*
Rpgt, stamp duty affect fewer people, could be politically popular to raid the rich for the poor.

Besides USD, rmb movement is likely to effect myr too.


This post has been edited by icemanfx: Jan 9 2016, 11:23 PM
SUSsupersound
post Jan 10 2016, 01:10 PM

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GST rate shall be adjusted for current situation, increasing by another 4-6% will surely help. This can help clear 1MDB's debt greatly.
TSwil-i-am
post Jan 10 2016, 01:15 PM

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QUOTE(supersound @ Jan 10 2016, 01:10 PM)
GST rate shall be adjusted for current situation, increasing by another 4-6% will surely help. This can help clear 1MDB's debt greatly.
*
For every 1% increase in GST, how much Gomen will receive?
SUSsupersound
post Jan 10 2016, 01:16 PM

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QUOTE(wil-i-am @ Jan 10 2016, 01:15 PM)
For every 1% increase in GST, how much Gomen will receive?
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Above the table or below the table? You need to be specific on this.
nexona88
post Jan 10 2016, 01:19 PM

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QUOTE(supersound @ Jan 10 2016, 01:10 PM)
GST rate shall be adjusted for current situation, increasing by another 4-6% will surely help. This can help clear 1MDB's debt greatly.
*
cry.gif tarak guna mad.gif
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