this is the side effect of stealing money borrowed from somewhere with high interest paid. Many don't understand. Our country is a failure country because mostly waiting windfall from government. they forgotten we need to work hard to get what we wanted. Where are all these asXX monies from? Public listed company dividend and company/business growth so that stock prices moving up. From toll collection, petronas, natural resources and taxes. FDI setup international firms in malaysia so that we have some good work for locals with good pay so that they can spend and spruce the economy. Some even lamented why FD rate so low. The higher it goes, the worsened inflation it will be. Some compared to singapore exhange rate. Do you know SG FD rate is near 0 few years back yet our FD rate is 3-4% at that time? Why ringgit dropped so badly? To support all these. Ringgit drop export increase (gloves, oil palm, crude oil) then company have more profit. Simple math. if the company make 1USD profit means converted to ringgit it will be more because the currency devalued. Then, the profit goes back to asxx because asxx is the shareholder. In the coming years, you will continue to see the our money continue to drop. If you ask what should we do? Diversify the portfolio to invest in foreign stock/investment. Currency goes strong with productivity. Look at Thailand, VN, TW, their manufacturing/tourism/agro spruce, so you see their economy getting better especially TW, VN, Cambodia in the area of high tech manufacturing due to china tradewar. We can benefit from China tradewar but unfortunately we don't have skill workers. Where are those skill workers? Is our children studying IT/Engineering/Finance? Tourism, 16% of TH GDP is from tourism. What we have done to capture the tourism market especially tourist from CN?

This post has been edited by ch_leong: Dec 20 2019, 08:18 PM

got a free table calendar from ASNB. Thank you.

Of course not. U think ASNB finance/actuarial staff sleeping meh.

U entitle jan, he/she feb.

This post has been edited by ch_leong: Jan 21 2020, 10:00 PM

While you don't trust PNB, others are busy trying their luck to sapu all the available units. So it is up to you to believe or not. If you believe as such, what you want to do? Sell all your units?

The current PM did a lot of bad, but in the same time also did a lot of good. Maybe there are many financial scandals due to lack of supervision and safe guarding, E.g. BNM goreng currency. High risk high return. In this new era, many ppl including gomen speculate with their money/fund. These are called VC fund. Even khazanah is doing this. Otherwise why khazanah is having AliBaba / Grab / Uber shares? All these investment made by Khazanah is high risk but the return is also high. Khazanah is not the solely sovereign fund doing this. Temasek and other sovereign fund also doing the same.

When gomen make money and channel back via PNB, TH, Tax deduction, gomen hospitals, medication nobody thank them but when they failed they got bombarded. But i think is same all over the world. It is good if we are financially literate and understand how investment is being made.



This post has been edited by ch_leong: Jan 27 2020, 12:35 AM