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nexona88
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 Dec 2 2016, 06:08 PM
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QUOTE(limeuu @ Dec 2 2016, 05:59 PM) locals do all kinds of jobs, and get paid well for it....and generally, efficiency and productivity is high... if you pay australian rates, locals will also do "all kinds of jobs".... if not mistaken, their rate is quite high per hour.. way higher than ours.. no wonder Malaysian willing to do all kind of jobs there.. locals too and then u convert to MYR.. more income  This post has been edited by nexona88: Dec 2 2016, 06:09 PM |
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Hansel
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Dec 2 2016, 06:24 PM
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QUOTE(nexona88 @ Dec 2 2016, 06:08 PM) if not mistaken, their rate is quite high per hour.. way higher than ours.. no wonder Malaysian willing to do all kind of jobs there.. locals too and then u convert to MYR.. more income Bro,... if can get a job there legally,... don't ever hink of coming back. Stay there,.. can go back to visit,... it's okay,... don't go back to stay, bro,...don't ever earn the lousy Ringgit again !!!!!!!! |
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nexona88
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Dec 2 2016, 06:37 PM
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QUOTE(bbgoat @ Dec 2 2016, 06:27 PM) Lots of illegal M'sian there. Their immigration VERY tight. But still lots of slip through's. well the pay is quite good.. even those "low class" jobs pay well.. "The national minimum wage is currently $17.70 per hour or $672.70 per 38 hour"  |
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AVFAN
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Dec 2 2016, 08:33 PM
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latest... will this shore up the RM or will be make it worse? will need experts to comment... QUOTE UPDATE 2-Malaysia announces new measures to boost liquidity, support ringgit * New measures to deregulate onshore ringgit hedging mkt * Exporters can retain only up to 25 pct in foreign currency * Measures will take effect from Monday (Adds analyst comment) http://in.reuters.com/article/malaysia-for...s-idINL4N1DX37B |
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nexona88
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Dec 2 2016, 08:40 PM
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QUOTE(AVFAN @ Dec 2 2016, 08:33 PM) latest... will this shore up the RM or will be make it worse? will need experts to comment... Well seems like no effect Still around 4.46/4.47  |
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AVFAN
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Dec 2 2016, 08:51 PM
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QUOTE(nexona88 @ Dec 2 2016, 08:40 PM) Well seems like no effect Still around 4.46/4.47 maybe becos it hasn't kicked in it. xe.com's offshore NDF rate is "not recognized". onshore rate is now heavily "controlled". let's hope the bright brains at BNM and Fin Min know what they are doing. and not see what is happening with the turkey's lira now: QUOTE |
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TSwil-i-am
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Dec 2 2016, 09:02 PM
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TSwil-i-am
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Dec 2 2016, 09:40 PM
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Payrolls in U.S. Rise; Jobless Rate Falls on Lower Participation https://www.bloomberg.com/news/articles/201...r-participationMYR will start to tango next week |
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cherroy
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Dec 2 2016, 09:53 PM
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20k VIP Club
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Please only post finance aspect of RM issue.
Ty.
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nexona88
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Dec 2 2016, 10:26 PM
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QUOTE(AVFAN @ Dec 2 2016, 08:51 PM) maybe becos it hasn't kicked in it. xe.com's offshore NDF rate is "not recognized". onshore rate is now heavily "controlled". let's hope the bright brains at BNM and Fin Min know what they are doing. and not see what is happening with the turkey's lira now: well we shall see next week how MYR will perform.. how will the new guidelines effects.. will it be positive or worse and become like Turkey  This post has been edited by nexona88: Dec 2 2016, 10:28 PM |
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icemanfx
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Dec 3 2016, 12:57 AM
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QUOTE(AVFAN @ Dec 2 2016, 08:33 PM) latest... will this shore up the RM or will be make it worse? will need experts to comment... QUOTE(wil-i-am @ Dec 2 2016, 09:02 PM) Forcing exporter to convert 75% proceed automatically to myr is a form of capital control. This will encourage exporting companies to park proceed offshore and deter foreign investment to set up regional center or business here for export. In the long term, is detrimental to current account balance. Implying bnm is willing to sacrifice long term benefit for the short term stability i.e. is desperate. This post has been edited by icemanfx: Dec 3 2016, 01:23 AM |
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limeuu
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Dec 3 2016, 07:32 AM
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Conditions in Turkey is very similar to msia.... except no Chinese minority and DAP to blame....lol
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TSwil-i-am
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Dec 3 2016, 08:05 AM
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QUOTE(icemanfx @ Dec 3 2016, 12:57 AM) Forcing exporter to convert 75% proceed automatically to myr is a form of capital control. This will encourage exporting companies to park proceed offshore and deter foreign investment to set up regional center or business here for export. In the long term, is detrimental to current account balance. Implying bnm is willing to sacrifice long term benefit for the short term stability i.e. is desperate. In addition, the point of conversion is upon receipt of proceeds Tis approach is detrimental to exporter when our currency is volatile Imagine XYZ S/B receive proceeds on 5/12 which happen to 'appreciation' day  |
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aspartame
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Dec 3 2016, 08:23 AM
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QUOTE(wil-i-am @ Dec 3 2016, 08:05 AM) In addition, the point of conversion is upon receipt of proceeds Tis approach is detrimental to exporter when our currency is volatile Imagine XYZ S/B receive proceeds on 5/12 which happen to 'appreciation' day Sometimes gain , sometimes lose , not a big issue. |
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kopifan
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Dec 3 2016, 08:24 AM
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Getting Started
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http://www.thestar.com.my/business/busines...ite-opec-boost/"......cashflow contraints, which arose from a lack of new jobs, particularly from assets financed with large debts....." looks like still not out of the woods yet
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Showtime747
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Dec 3 2016, 08:25 AM
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QUOTE(wil-i-am @ Dec 2 2016, 09:02 PM) Thanks bro for the link. I notice something unusual, but subtle in the guideline which need clarification.... QUOTE 10. A resident without domestic ringgit borrowing is allowed to undertake any amount of investment in foreign currency asset onshore for its own account or on behalf of clients.
11. A resident entity with domestic ringgit borrowing is allowed to undertake investment abroad and investment in foreign currency asset onshore in aggregate via its Investment Foreign Currency Account as set out in Appendix 5.
12. A resident individual, sole proprietor or general partnership with domestic ringgit borrowing is allowed to undertake investment abroad and investment in foreign currency asset onshore in aggregate as set out in Appendix 5. Quite confusing. As #11 and #12 has a limit of RM1m, so that part is controlled by BNM and has a limit. But those fall under #10, I interpret it as if you don't have any loan, you CANNOT transfer money out of the country to invest. Previously there is no such restriction Quasi capital control now ? |
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TSwil-i-am
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Dec 3 2016, 08:30 AM
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QUOTE(aspartame @ Dec 3 2016, 08:23 AM) Sometimes gain , sometimes lose , not a big issue. It's a big issue for exporter n importer 1 solid example is wholesale of foreign currencies where the biz model is to export n import various foreign currencies for local use |
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aspartame
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Dec 3 2016, 08:40 AM
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QUOTE(Showtime747 @ Dec 3 2016, 08:25 AM) Thanks bro for the link. I notice something unusual, but subtle in the guideline which need clarification.... Quite confusing. As #11 and #12 has a limit of RM1m, so that part is controlled by BNM and has a limit. But those fall under #10, I interpret it as if you don't have any loan, you CANNOT transfer money out of the country to invest. Previously there is no such restriction Quasi capital control now ? I think it could be a mistake because it does not make sense that those who borrows RM can invest more than those who does not. ( in this case implying those who does not borrow cannot invest abroad ) |
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Showtime747
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Dec 3 2016, 08:45 AM
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QUOTE(aspartame @ Dec 3 2016, 08:40 AM) I think it could be a mistake because it does not make sense that those who borrows RM can invest more than those who does not. ( in this case implying those who does not borrow cannot invest abroad ) Ya. Those with borrowings is limited to RM1m per calender year. Now those without borrowing can't even transfer money out to invest  |
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