well, mostly bane.

our own local prices here are still risng and not coming down, yes?!

better not come down. thats a crash

actually, that will be true.

if prices fall, carmakers, utility cos., developers, taxi drivers... even McD and pizza will be screaming.

many of our biz here need higher than normal margins to survive - over staffing, low productivity, leakages, "crony charges", etc...

price up-up problem, price down-down also problem.

price up and gaji correspondingly up is best scenario when company go lean and start cut cost suddenly many unemployed and even thoae left behind become overstressed.

what happens is when prices go up, gaji stagnant.

prices go down, gaji cut or reduce headcount.

tails they win heads we lose

Hence,............being the employer is ALWAYS BETTER than being the employed.

But,...in the last budget ann't back in October 2015, the RInggit strengthened after the ann't.. Will the same thing happen again this time,... or will the reverse happen ?

kinda true

Tis 28 is the day to watch.. Donno what jibby would announce please no GST rate hike!

I don't see how his known brand of revision will help the rm.
Already said civil service will not be touched.
Can assume pm dept budget will be same or increased.
Can safely say br1m will increase.
Likely cut health, transport, education... ministries budget that do not affect vote base directly.

At this time, the rm cannot be manipulated internally so easily. The far bigger forces of usd, rmb and oil are very much in charge.

One thing I will pleased to hear, though - rm30 biliion donor found.

This post has been edited by AVFAN: Jan 14 2016, 12:51 PM

who? didn't see in newspaper

this is hurting the rupiah, may hurt the rm as well...

back to 4.4 today

Hi AV,... why did it help the RM when the budget was first announced in October 2015 ?

that, u have to tell me.

i don't remember!

Yes, the RM did strengthen to around RM3.00 to 1 SGD back during the weekend immediately after he laid out the budget speech on that Friday evening,... I don't remember how much it strengthen to the USD, though,... I remembered it very, very distinctly because I had to break my back running around to a few money-changers to change my RM into the SGD, about RM500K on that Saturday and Sunday.

Yes, the RM did strengthen back then.... Hoping it will do so again this time round,....

How did you withdraw RM500k? Branch over the counter?

whatever it did, it didn't last.

won't be different this time.

not until major changes happen.

and that is unlikely.

expect same old, same old...

premium customer can make a call and it will be handle by their personal banker