Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Wed, 16 Jan 2019, 03:10 PM

 

Ringgit turning Japanese is a good thing

Author:   |    Publish date:


SINGAPORE: Malaysia will soon proceed with the country’s first Samurai bond sale in three decades, and it could lift the ringgit in a similar way to the boost the rupiah got after Indonesia's recent $3 billion bond issuance.
 
Apart from the benefit of the fund raising itself, Malaysia will also be showing debt investors that the threat of a sovereign credit downgrade -- which emerged after last year's surprise election -- has receded.
 
The country's finances are also on a more stable footing as it will not need to re-calibrate its budget if crude prices remain within the $50-$70 per barrel range, said Finance Minister Lim Guan Eng. 
 
The nation has collected more than expected from the Sales and Services Tax over the past 2 months.
 
Given the central bank is likely to be on hold for several months, the MYR swap curve can continue flattening and will help support the ringgit. - Bloomberg 
Share this

  Be the first to like this.
 


 

322  272  498  1124 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 FGV 0.95+0.02 
 SAPNRG 0.29-0.005 
 VS 0.86+0.015 
 A50CHIN-C32 0.31+0.01 
 MYEG 1.07+0.02 
 ARMADA 0.155-0.01 
 FITTERS 0.41+0.005 
 DSONIC 0.52+0.03 
 HSI-H6A 0.22-0.005 
 TATGIAP 0.12-0.015 

TOP ARTICLES

1. 火中取栗拼油气(中) 赚钱只争5年/冷眼 【冷眼专栏】漫漫投资路
2. 火中取栗拼油气(上) 高风险高回报/冷眼 【冷眼专栏】漫漫投资路
3. The winning edge in the stock market *****
4. Carimin - Technical Sell PublicInvest Research
5. How Warren Buffett decides to invest/reject a business in under 15 minutes - WikiHow the bursa journey that worked for me. 2000-2019
6. How Can Malaysia Become a Developed Nation? Koon Yew Yin Koon Yew Yin's Blog
7. 威城中短期业务低迷 星洲日報/投資致富‧企業故事
8. Huawei’s founder breaks years of silence amid US attacks Good Articles to Share
Partners & Brokers