I'd suggest it has nothing to do with MOF ..problem.l is my having weak fundemental foundation

If u are building a house and having weak foundation and slabs it will collapse anytime prior warning

Our Govt will reply owners have householder insurance to cover 

Yet they still make loss because insurance won't cover you and pay you in full hehe

So still not a profit business ,no?

Those stay in landed properties shld b fine
For those stay in highrise bldg, I wish them gud luck

I only can wish gd luck to my

Expect miracle to happens but it's nearly to impossible

Guys have a question. I am currently working overseas earning in USD. I convert USD back to MYR on a monthly basis to pay my bills and house back in MY (exchange from money changers in Malaysia). Here, I only spend salary on basic necessities while I have on going home loans, insurances and commitments back in Malaysia.

In your opinion, should I:
1) Convert USD to MYR and put in FD/savings in Malaysia considering the high exchange rate now or,
2) Save here in USD as the rates are higher (especially FD).

The next round where I will require substantial amount of MYR will be during CNY 2017.

Thanks in advance for your advise!

M'sia fares worst in reserves to debt deficit - report
ringgit banknegara
1 comments    Published Today 12:28 pm    Updated Today 12:49 pm
 
Malaysia ranks worst in terms of its deficit of foreign currency reserves compared to external debts, leaving it the most vulnerable to currency attacks and capital outflows.

Bloomberg yesterday reported that a study of International Monetary Fund's (IMF) measure of the buffer between foreign reserves and debt showed Malaysia in the weakest position, with Turkey, South Africa and Mexico close behind.

"The measure shows Malaysia - not coincidentally the worst performing of the major emerging Asian currencies against the dollar this month - faring poorly by comparison, with a US$100 billion reserves projection against short-term external debt of US$128.2 billion, based on IMF estimates," it said.

The gauge helps identify which countries have the strongest buffers against capital outflows toward developed markets as US interest rates are poised to keep climbing following US president-elect Donald Trump's electoral victory.

“Malaysia and Turkey are classic example of countries whose reserve levels are falling to a critical level in comparison with the amount of their short-term external debt.

"When the overall market trend is down, investors are looking for who is more vulnerable and weak reserve position is also highlighted,” Bloomberg quoted Takahide Irimura, an economist at Mitsubishi UFJ Kokusai Asset Management Co, saying.

Meanwhile Tsutomu Soma, general manager of fixed-income department in Tokyo at SBI Securities Co, said countries with a poor buffer will face greater risk of attacks.

“In this broad trend of the dollar strength - or emerging-market currency weakness - the currencies of countries that have plenty of reserves will probably perform better than others.

“You don’t attack the currency when you know the monetary authorities have plenty of money to intervene.

"Instead, you look for a currency that has less ability to defend it,” he was reported saying.

Malaysia’s reserves are well down from a May 2013 high, said Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd in Singapore, and the slimmer adequacy ratio "limits the ability for Bank Negara to intervene".

While Bank Negara insists its foreign currency reserves are at a "comfortable level", the ringgit has continued its slide down to 4.458 to the US dollar yesterday.

Depleting reserves across Asia

The measure developed by the IMF showed Thailand and the Philippines may be best placed to withstand further downward pressure on the emerging currencies in Asia, said Bloomberg.

Called the 'assessing reserve adequacy' gauge, it incorporates criteria from short-term debt to money supply, imports and investment flows.

It is based on calculations taken before the "Trump-induced US reflation play roiled the foreign-exchange market".

IMF forecast last month Thailand’s reserves were at US$163.3 billion at year-end, compared with the $64.9 billion needed, while the Philippines reserves were at $84 billion against a US$31 billion need.

However Bloomberg noted Asian countries have been using their reserves to "prevent disorderly declines, likely making the IMF’s year-end projections unattainable".

Read more: https://www.malaysiakini.com/news/364248#ixzz4R5VXs0Ff

“Malaysia and Turkey are classic example of countries whose reserve levels are falling to a critical level in comparison with the amount of their short-term external debt.

http://www.bloomberg.com/news/articles/201...come-out-on-top

As a helpless citizens here, what else can we do?
I have park small amount of asset in SG Dollar but large portions still in RM.   
Things is getting worse it seem

I just back from Taiwan and I visited there 5 years ago as well. Their price for food and things still the same!! even an ordinary country still have good economy compare to us.

If Bnm audit found local bank extend facility to a company that short term liability is higher than assets would receive a dress down.

Guess this is what they say "what goes around, comes around'.

the bus fare in taipei remains the same at nt$15 for at least the past 15 years.

Is there a way for the government to quickly raise the reserves level ?

the bus fare in taipei remains the same at nt$15 for at least the past 15 years.