this new development is not going to help the RM.

of course, the menteris will be rushing to say unaffected, no problem, as usual.



this report is saying high probability there will be 3 fed rate hikes this year.



This post has been edited by AVFAN: Mar 12 2017, 12:13 PM

TQ TO BRO AVFAN FOR THE UPDATES !!!!! ALWAYS APPRECIATED THE EFFORT FOR KEEPING TRACK OF IMPORTANT NEWS AND UPDATING US HERE !

You think MY govt will do the same thing here?

Your keyboard rosak bro?

This post has been edited by TOMEI-R: Mar 12 2017, 01:27 PM

NO to both questions,....

That's why we have to help ourselves,... politicians will help themselves first,... too,..

SGD still strong at 3.15s...

The country garden case... I went to look at their show room one time...

I saw they are trying to build a whole freaking city, not just houses to be sold to chinaman..

How many people need to rent out if all the houses bought are bought up....and where is the population to stay there..

look look see see, think this is crazy, went off.

This post has been edited by gark: Mar 13 2017, 07:13 PM

this place is designed for rich china people to make 2nd home.

locals will not buy, will not rent.

the poilitikus are now saying it's ok, others will buy... maybe arubs with billions to donate.

If oil price stay below $50, it will be interesting time ahead.

The once extravagant and Malay worshipped Arabs are a thing of the past already. More so with the low barrel prices now. Chinaman is the new breed of tycoons now, pouring money all over the world to gain more assets and business opportunities. No secret that even our leaders are kowtowing to them.

i really still can't see how the RM can strengthen.

except raising GST which bijan is very proud of.

+1

RM depreciation is a matter of loss in confidence in the currency. Part of it was caused by oil price slump, but another part during the RM depreciation from 3.0 to 4.5 was because of one and DB.

Without that saga, our GST could have helped our RM remained at 3.5

Yes, without the confidence in the country's management, RM can never recover. And higher and higher coupon is needed to attract MGS investment. That means more and more money are needed to service the interest payments and cause RM to spiral downward in the future.

At this point, RM is hopeless. A lot of hard work and changes are needed to gain the confidence back. Don't think that is going to happen

Raising gst rates and strengtening the RM are two different issues. How sure are you GST money collected are used for its intended usage?

collecting gst or any other tax will help the currency.

becos that is major revenue for gomen to spend.

but if that is not enough, gomen will need to borrow - that drives currency down.

of course, if a gomen squander, plunder, leak or steal money, no amount of taxes will be enough - will still need to borrow.

and that is precisely why the borrowings keep rising.

but taxation has an optimum point, beyond which the tax rate will slow/halt consumer spending/gdp growth - gomen will NOT collect more revenue.

the singing has been going on for some time now - cut all subsidies.

and raise taxes, borrow more, i suppose.

to keep going the way it is.

i don't see any change coming, does anyone?

This post has been edited by AVFAN: Mar 14 2017, 10:35 PM

myr long term trend to sgd, rmb, jpy and usd is there to see; yet many still have faith.

But RMB also dropping what. China burning through reserve like no tomoorow

Aud and Sgd took a slight dip today. Didnt seize the opportunity?

This post has been edited by TOMEI-R: Mar 14 2017, 11:02 PM

Took. If it drop some more tomorrow will tambah some more

Lets see what happens tmw.

What happening today?