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McMinion
McMinion
22 Aug 2013 1.55pm

The US has not yet started to wind down its monetary stimulus but it has already caused so much turmoil in the financial world. Once the winding down starts it will send shock waves around the world financial markets, but probably not as severe as the last financial crisis just over 5 years. So friends, get ready for another rough ride.

Don Anamalai
Don Anamalai
24 Aug 2013 10.50am
Reply to  McMinion

The mere mention of US stopping printing dollar bills has caused the Indian Rupee to depreciate 10% so far this year.

The Indian PM should learn from Tun M to find a scapegoat like George Soros?

Ed G
Ed G
25 Aug 2013 1.49pm
Reply to  Don Anamalai

The last time I heard about Malaysia’s currency pegging system is that it has detached itself from pegging solely against the USD in favour of a basket of major currencies. But I undestand that our currency has been losing ground of late against all major against all the major currencies such as the USD, Euro, and Yen. So what is the RM pegged against? The rupee?

Ed G
Ed G
22 Aug 2013 11.04am

The widening of the exchange rate (in Singapore’s favour) between Malaysia which is much larger and richer in natural resources vis-a-vis the land scarced Singapore is a testimony of the failure of the BN government who has been ruling our country since independence. Why? Is it because of the lacking in capability or sincerity of our leaders? Perhaps we should do some form of objective comparisons between our PMs and their counterparts in Singapore, starting with TDM and LKW.

tan, tanjung bungah
tan, tanjung bungah
22 Aug 2013 11.02am

Rafiz, which country gives away its land or rather territory, especially with reputed and proven oil-rich off-shore territory to another country!! In fact countries would go to war to defend every inch of its land, and, yet, it seems like we ‘gifted’ away oil-rich land/territory to Brunei! And what is the catch here?

Hanzo
Hanzo
23 Aug 2013 5.17pm
Reply to  Anil Netto

And yet the same government is urging us to show our patriotism by waving Jalur Gemilang as well as singing Negaraku in the cinema to love and protect our country from the intruders (e.g. Sulu as shown on the propaganda video).

Tigerz67
Tigerz67
12 Aug 2013 12.00am

A good friend of mind bid me farewell last week. He has decided to take up a job in Singapore. The exchange rate and the high property prices in Malaysia are double whammies for us.

don anamalai
don anamalai
12 Aug 2013 11.42am
Reply to  Tigerz67

Many Malaysians are now living in JB and shuttle to work in Singapore daily, mostly by CausewayLink buses or by motorbikes. Renting a HDB room (yes, room, not the entire flat) will cost you S$600 (yes $, not ringgit). That is why you see many cars with Singapore car plates in JB, most Malaysians who are Spore PR but live in Malaysia (buying properties with bank loan) and cannot drive Malaysian cars to Singapore. Now they are happy that SingDollar is 2.5x of Ringgit. I think it is still not to late to earn a living in Singapore. My neighbour… Read more »

loke min xian
loke min xian
12 Aug 2013 6.49pm
Reply to  don anamalai

Good observation.

Club41 Oon
Club41 Oon
22 Aug 2013 10.58am
Reply to  don anamalai

Johor state government is considering the idea of charging RM7 for each Singapore-registered car entering Johor at the causeway/2nd Link. This will definitely impact the Malaysians who are Singapore PRs who drive the Singapore registered cars to work daily. But I guess this is the right move as these people enjoy cheap petrol in Malaysia and live in the lower cost JB but dd not pay Malaysian income tax as they contribute only to Singapore income tax.

Priyanka
Priyanka
9 Aug 2013 4.41pm

The Awakened book wants to challenge Che Det’s Doctor In The House book on MPH best seller list ?

Someone got to buy in bulk and distribute them for free to be best-sellers.

May be some charity folks (ex 4th floor boys of son-in-law) can offer them to the public ?

Fariz
Fariz
11 Aug 2013 10.57am
Reply to  Priyanka

The ‘Awakening tales’ from LKY’s views of the world meanwhile talked about talent flow from Malaysia to Singapore due to the BN’s discrimination policy. A topic worth discussing as we watch the discussion of this topic on recent KiniTV dialogue:

tunglang
tunglang
11 Aug 2013 7.39pm
Reply to  Fariz

The Awakening tales for Malaysians from LKY whose country has (for decades) benefitted from our ready talents & skilled+trained workers who also contributed to XXXL Singapore Milo tin of CPF, which also in turn helps in liquidity cash flow for investment in SingLand.
Very pathetic for our PMs, past & present.

semuanya OK kot
semuanya OK kot
9 Aug 2013 12.39pm

A graph, a graph; my kingdom for a graph.

Rafiz
Rafiz
9 Aug 2013 11.13am

Pak Lah in his ‘Awakening’ book (from Zzzzz…) claimed that he stopped Mahathir’s mega project to reduce the country deficit and has helped to prevent bankruptcy. Is he trying to redeem himself for the 2008 GE failure? The record still shows that the deficit was not reduced under his administration.

Pak Lah should tell us why he dare not stand up against Mahathir – perhaps because of his involvement in the Limbang oil field deal? Seems like many Umnoputeras carry baggages that Tun M could exploit?

rajraman666
rajraman666
9 Aug 2013 11.46am
Reply to  Anil Netto

Every Political Trader in High places carry some “baggage”

rajraman.My rubbish,road work repair and common property area of my housing estate in poor condition.Dear MB Selangor i think you are dirty fellows because although you have 2.8billion under your pillow, you neglect Cleanness.

You are dirty fellows. I handcuff myself by buying a property worth million but you handcuff Selangor people with your tak ada apa attitute towards cleanness.

I whack Pakatan as I whack Barisan.

Yang
Yang
9 Aug 2013 11.29am
Reply to  Rafiz

Pak Lah got a big mandate in 2005
He got a bad mandate in 2008
Najib got an even worse mandate in 2013
And he & UMNO tried to blame it on the Chinese.
At least Pak Lah has the graciousness to blame it on himself.

Rafiz
Rafiz
9 Aug 2013 1.36pm
Reply to  Yang

There is no point in regretting your mistake when you are at your deathbed. However, I still think Pak Lah did not reveal the whole truth so as not to implicate himself in some issues. We shall wait for the backlash from Che Det. Interesting events leading to Umno assembly? Looks like all Umno minions will have to be careful now as more beans are been spilled, intentionally or unintentionally. Looks like lots of wayang in Umno and MCA between now and December. Che Det will be the Tok Dalang again knowing that Najib is a puppet in the string… Read more »

loke min xian
loke min xian
9 Aug 2013 3.04pm
Reply to  Rafiz

Sleeping as a PM, and awakened as an ex-PM?
What a joke.
He should continue to sleep unless he really dare to take on Mahathir in his so-called awakened state.

Yang
Yang
9 Aug 2013 10.00pm
Reply to  loke min xian

Don`t take a sleeping lion for granted.
Mahathir has been doing that.
Now that it has awaken, he should beware.

mark
mark
9 Aug 2013 10.41am

So it will mean our ringgit wil weaken so imports will be more expensive,fuel prices will increase,then Tenaga will increase tariff,then food prices will increase,going overseas will be more expensive,import of capital goods will be more expensive so development cost will increase so will property prices,but salary cannot increase much(employers said profit less so got to cut cost,so cannot increase salary). The UMNOputras could not care,NgOs like PERKASA will still fighting for their ‘ketuanan melayu’ and blaming other races for the fiasco. That m kutty will still spew his rhetoric philosophy of the importance of NEP (Never Enough Policy). Alas!… Read more »

najib manaukau
9 Aug 2013 8.28am

For easy quick, reading and the ability to understand the financial situation of Malaysia, one needs to borrow is because one does not have the means to pay for ones expenditure. Simple as that, you have self claimed ‘experts’ coming up with all kinds of explanations and all kinds of figures, just to confuse the issue. With the hope that at the end of it all you are so confused that you end up comprehending nothing which is the aim of it. Malaysia needs to borrow to pay for the expenditures is because Malaysia just does not have collect enough… Read more »

Yang
Yang
8 Aug 2013 9.46pm

Current surplus keep going down down down
Deficit keep going up up up
Rakyat continue to suffer suffer suffer

Club41 Oon
Club41 Oon
22 Aug 2013 12.53pm
Reply to  Yang

I got this in my email from a friend: The greatest danger to the economy is the high debt to GDP ratio, much if it created by UMNO to finance their return to power, and not in the nation’s best interest. The era of economically unsustainable subsidies and a bloated civil service receiving above inflation salary increases will ultimately come to a very painful end, and then the government of the day will change, until then the country will be run to ruin. So long as people’s attention can be diverted to focus on prayer room incidents, Facebook pictures and… Read more »

rajraman666
rajraman666
8 Aug 2013 5.53pm

Federal government lead by some brainless Political Trader will say it’s nothing to worry because it’s a worldwide problems.It’s doesn’t reach critical level.
rajraman.The problems is brain drain like LKY said but Mahathir already denied.Lucky we still have Petronas and EPF to bails UMNO cronies.