Why do I mention a weak currency ?

As for cheaper price of goods, we are debating the above now,....

Let's see then,... we have a new government here,... I wouldn't talk like you, who is right and who is wrong ! Firstly, you are already wrong to speak like this.

Secondly,... who said anything abt shunning investor-friendly policies ? Who said anything anything abt shunning FDIs ? We are talking abt a weakening Ringgit due to gov't policy. Since you started all these, then let me say that we have investor-friendly policies now and with our current open-door to FDIs, the effects of a depreciating currency may be mitigated. Why do you say we are shunning ???????

This is the thing abt people, I guessed,... easily calling out right and wrong,...

Your points 1) to 3) are,... well, reasonable,... but the election is going to move us in the first step towards correcting what you said. Trust the elections, trust the people YOU VOTED FOR !

Frankly,... I don't think economic policies are so easy just like what you said,.. or what all of us thought out to be,... from the economic books, etc,.. I think government can intervene a lot and make things better, by being creative in their policies,... it's a matter of whether they wished to do it or not only,.. and where they put their priority that caused the 'trickle down' effects to us at the bottom of the supply-chain.

By the way - hmm,.. to your points 1) to 3) above,.. if the republic in the south can overcome the above issues, I think,.. we can too,... but don't know how long it will take,... They have done well till today, though nobody can tell the future...

NO opinions to why I said the above ?? Bros ? Sis's ?

Yes,...

But still,... I dare not say we are out of the woods yet, long term, and I dare not bring back all my assets into Malaysia. And I dare not say I am right or I am wrong yet.

And I will keep telling my children to work somewhere else outside of Msia, and I will keep supporting the SGX, the SIAS, the MAS, the SGD and Hyflux.

But,.. I will not sell away my properties in Msia, and I will not give up my business in Msia,...

BUT : I see signs, healthy signs,.. I see the RM strengthening when MANY OTHER CURRENCIES in emerging mkts in Asia and South America are falling. hmm,... so many buts,...

Emm,... yes !,... we earn the RM day in and day out,.. hopefully can become stronger-lar,... BUT : I think for this round of economic cycle, cannot recover too much,.. and for it to match back parity with the SGD, perhaps another,.. 20 years ??

Don't forget,..other countries will continue to move forward too. They are not staying put.

Actually,... one thing that the gov't can do is to find ways to produce certain goods ourselves inside this country, without being over-dependant on outside. That's why I say : actually, the gov't can do something if it wishes to.

And yes, this is the point : The only way for your point to make sense is that your "residents" referring to those earning strengthening foreign currencies or expats living their retired life here.

Hence, we still have to diversify our currency holdings, in whatever gov't that we have,... we cannot and should not bring back everything whatever the promises... and continue to strive outside of the country in spite of whatever the promises given by a new gov't.

But,... looks like Msia's name does not appear much as one of the countries that have capital flight in the media articles, bro,... I noticed the countries like The Philippines, Indonesia, Argentina, some South American countries appearing more,...

https://www.thestar.com.my/business/busines...y-to-slow-down/

If we can trust the above tables, then the BUrsa has the last outflow compared to the 'other' emerging mkts in Asia.

Hmm,... why no Singapore in the list ? I would certainly love to see Singapore's outflow in this table too.

Can explain more pls, bro ?

Thank you, bros,... appreciated the high quality comments from both sides of the fence and the ethical methods with which they were presented.

Just on my side : I'm tempted to go into Bursa with funds from my Malaysian operations instead of transferring out further to Australia and Singapore,... but,... the decision is indeed hard !

...

Looks to me like some of us feel that the populist moves taken by the new gov't is causing negative effects towards the fiscal position of the gov't and its current account status. At one end, we are emjoying the 'good' things given by the gov't today.

But at the other end, we seemed to be worried of the 'weakening' fiscal position up there that may give uncertainty to foreign investors, and following this, we are worried that these foreign investors will run away, causing our Ringgit to sink further, etc,...

Tq bro,....

Good discussions, bros,....

Msia mentioned in good stead in the below article :-

https://www.theedgesingapore.com/time-stock...e1ace2-92358833

Added the good mention here for easy reading : Nonetheless, Evans sees select undervalued opportunities among EMs such as in Malaysia, which he expects to remain supported by higher commodity prices, trade surplus, attractive valuations and high absolute rates.

May not amount to much,... but there is some spirit here for Msia,....

This post has been edited by Hansel: Jun 26 2018, 12:25 PM

Correct ! And these 'characters' will now be rushing to bank-in their piles and piles of cash into banks.

I now URGE the worldwide banking community to monitor, closer, large amounts of Ringgit Malaysia being brought-in for banking-in into the financial system.

Clean money has no fear of being banked-in.

In fact, like myself, I don't even carry too much cash around. Everything is in the banks. And in places like Singapore, a DBS ATM is always within walking distance from anywhere on the island, hence can always access cash easily !

There will be inconveniences in what Tun plan to do, but,... well,... this is what we call : short term pain and long term gain.

With this move,... I will be more than happy to pay more taxes and more than happy to contribute a percentage of my foreign dividends collected every month to that Tabung something, since I have nowhere to spend the money now,...

And has no intention to buy more assets at the moment.

After all,... leaving the $$$ in FDs in SG also earns peanuts,... might as well use the money to help gov't,... if gov't is good,... and don't waste our hard-earned money,....

A longer time ago,... top echelon people can ignore rules and move funds out easily because they were above the law inside Msia. Foreign banks and Financial Institutions could not be bothered to check this money coming in. If there is money,... everybody is happy, no need to ask too much.

Then the 9-11 incident happened in NY. Terrorism financing became a big issue, which further evolved into money-laundering.

The same 'top-echelon people' were checked by foreign banks that needed them to declare where they got their funds from (source of funds), before those funds could be accepted for banking-in, egs into private banking accounts, etc,... they were 'inconvenienced' here.

Further subsequently, they were not even accepted as clients, say as in private banking clients, if they hold high positions in gov'ts ,etc,... the PEP (politically-exposed people) concept.... a new minister today has to close his account in a private bank in SG when he assumes that position.

Why are such people found to be accumulating so many cash-notes in their residences ? I really don't think that they are not aware that they can bank-in those cash-notes into an overseas bank account. I believe they are not able to do so securely, without risks of being discovered.

This is why they would only HIDE those cash-notes in the house,... waiting for a day to move them out,...

Edited to add the terrorism financing point.

This post has been edited by Hansel: Jun 28 2018, 01:28 PM

Morning bro,.. and thank you ofr your comments,...

This was quoted to me DIRECTLY by an experienced RM in the Private Banking industry : a new minister today has to close his account in a private bank in SG when he assumes that position.

Hence, to me,... this is NOT an assumption. But, bros and sis' here,... I would invite further comments to the above statement abt closing of accounts for new ministers,.. any theories, or perhaps real words from somebody credible, would be appreciated. Because if this is not true, then we must correct that private bank,... and that that private bank should not single out certain people from being able to open private banking accounts in SG.

The arguments of clean money is good,... but it should not be an overkill to the point that clean people are barred too,... because of dirty people with dirty money,...

Hmm,... I theorise that NO underworld activities will have more cash than what that were discovered these 1.5 months in those houses. Underworld in Msia cannot match that amount of money and items (jewellery, handbag, motor vehicles, etc) discovered.

... depending on how you define corruption and KLEPTOCRACISM, emm,... I think Msia would be 'top 5' in the modern world,...

Tq iceman,... it would be good to hear the cabinet complaining of a particular bank (or private bank) if a minister's account is closed down, or not allowed to open. Who is 'ze' and what is 'dt' please ?

Further encouraging news abt our Ringgit,... as I expected earlier,....

https://www.businesstimes.com.sg/banking-fi...?xtor=EREC-16-1[BT_Newsletter_1]-20180629-[Asian+currencies+tumble+on+multiple+fear+factors]&xts=538380

"Year-to-date, the Malaysian ringgit, deemed a commodity currency, is the lone man standing in the region and has notched up gains against the greenback. But as the ringgit slips and narrows the gains - it was trading at 0.25 per cent over the US dollar as at Thursday evening - some say it may not be long before the currency gives up those returns and joins the crowd."

Okay,... I was quoted directly on this matter earlier,... as per my above posts,... Perhaps it is different in The US then,.... from SG.