and the employer also one useless.. already know the CPI is not reflection to real situation, still try to take opportunity to the max   

malaysia struggles to curb ringgits slide
http://www.wsj.com/articles/malaysia-strug...lide-1479803968

imagine all those foreigners withdraw..

GG lor 

I dun think tis will happen as the yield is still attractive to them

Maybe, after Fed hike, things will be more stable.

Then the theory of ambiguity continues, and the lie-upon-lie predicament shows its ugly head again.

seems like MYR is weaker for major currency..

every day become weaker & weaker.. later become banana money

“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

Silencing the markets is not the same as calming them.

sum up very well. umno so used to silencing, thats what they good at.

If u buy local stuff, price will stay

If the input raw material/stuff in USD is small %, I blif the increase is negligible

that will take some special clandestine skill, doesn't it?!
anyway, speculation is this bank has given up becos "can buy, cannot sell".

latest... will this shore up the RM or will be make it worse?

will need experts to comment...

Official guidelines issued by BNM on latest forex:-
http://www.bnm.gov.my/documents/2016/Suppl...ation_Rules.pdf

Sometimes gain , sometimes lose , not a big issue.

The purpose of forcing conversion is two fold. 1st.Discourage speculation because holding in USD after exporting and trying to time the conversion can be a form of speculation especially in excess of what is needed as working capital.  2nd is as stated to promote liquidity and depth ie some are buyers of ringgit and some are sellers. This is to promote onshore settlement of ringgit to replace the NDF. This is in line with their belief that offshore speculation is the real and only reason behind ringgit weakness and they are trying to shift all hedging and transactional activities onshore and in the process requires as much ringgit demand as possible. How else do you suggest they do it? Anything they do also got negative side one but if compared to alternative, this is the best way.

This is just a problem due to information being strewn everywhere.

See this. http://www.bnm.gov.my/index.php?ch=en_pres...ac=4316&lang=en
"Residents without domestic ringgit borrowing shall continue to enjoy flexibility of investing in foreign currency assets both onshore and abroad up to any amount"

Bro,... if this is going to be voluntary, then I'm afraid not many will volunteer to convert back. These people/companies will most probably TT their funds OUT BY MONDAY. BNM should stop this TT-ing if they are sincere about wanting to strengthen the Ringgit for us !!!!!!!!!

BNM SHOULD BE SMART ENOUGH TO SEE THROUGH THIS !!!!!!!!!!![SIZE=7]

Don't let these big boys exporters TT out these proceeds !!!!!!!![SIZE=7]

To yr first para, I am aware of it, but today, BNM is not seeing it this way anymore. They are in desperation mode (I think you said this too earlier) to stem the 'freefall' of the MYR. They need to solve the immediate problem first.

To yr second para,... O don't think foreigners holding too much of the Msian sovereign bonds is the ONLY reason for the MYR to die slowly. Deterring Foreign Direct Investments (FDIs) is the last thing that I would want to worry about now. I think the gov't and BNM too agree with me on this. I would prefer to hold my MYR value now first, for good or for bad reasons,...

If we take 8 Nov, here are the numbers :

1 year :

KLCI 1672.00 / 1663.82 = -0.49%
STI 2876.03 / 2820.24 = -1.94%
DJI 17730.51 / 18332.74 = 3.40%

MYR/SGD 3.0031 / 3.0237
MYR/USD 4.215 / 4.2017

The returns in RM terms :

KLCI -0.49%
STI -1.27%
DJIA 3.07%
5 year :

KLCI 1460.13 / 1663.82 = 13.95%
STI 2694.60 / 2820.24 = 4.66%
DJIA 12184.26 / 18332.74 = 50.46%

MYR/SGD 2.4344 / 3.0237
MYR/USD 3.1475 / 4.2017

The returns in RM terms :

KLCI 13.95%
STI 30.00%
DJIA 100.86%
1. DJI climbed close to 1000 points since election. STI climbed close to 150 points. While KLCI dropped close to 20 poiints.

2. Agreed. The returns from dividend will be more in forex since RM lao sai in 2015
Conclusion : for the recent years, long term investment in STI and DJIA is better than KLCI mainly because of RM devaluation. Gains in KLCI is offset by the lost in RM value. KLCI is not a good hedge against inflation compare to investing overseas in forex dollars

If we can cherry pick like cherroy said investing in export counters of KLCI, then I would rather cherry pick a property flipper 5 years ago. With zero down and DIBS, their investment of RM20k can give returns of RM200k upon VP

That is 1000% in 2-3 years. Do it 5 times over 5 year period, and you made RM2m with RM100k capital

But history is history. Not going to happen again in the next decades.