Oil price up quite a lot but ringgit slightly down. Something is not right with ringgit. Upno meeting is so racist. All blame dap. Very extreme type seen. Don't know how is country will turn into in next 10 yrs.
we only have to refer to historical facts and stats to see if there is cause for concern. look at ringgit's performance over the last 5 yrs :-
1. Chinese yuan 2.10/1rm today 1.50 - lost of 0.60 2. thai baht 10.5b/1rm today 7.80 - lost 2.7 3. usd 3.00rm/1usd today 4.46 - lost 1.46 4. spore 2.39rm/1sing today 3.13 lost of 0.74c 5. hkong 2.5/1rm today 1.75hkd lost of 75c
our ringgit is also depreciating at a very constant rate against a whole lot of other lesser currencies. Soon there will be a tipping point where the rate of decline will be faster and more drastic. We can only fool ourselves with 'feel good' rhetorics but u can fool people who sees facts n figures don't lie.
Many foreigners wish our economy and ringgit will crush into pieces and come in to buy cheap.Don't ever dream of the day bcos many others are also eyeing at our country with excellent infrastructures esp highways,lrt,mrt,ktm and educated human resources who speak English,mandarin,tamil and melayu.In south-east asia,we are the top in infrastructures in ratio of human usuage as we have less population,very high standard of living with beautiful housing amenities such as swimming pool,jucuzzi,tennis,suana,etc and free ownership of cars.If everyone has RM2k,we will have RM62bln in cash so in debts of RM100bln it is nothing to our country. To ease our cash flow,we must capture brainy people for our high-tech industries.So it is high time for the government to allow foreigners to buy completed condo that is above 6 years,at rm600k above so that we attract the experts/skilled professionals to settle here. Another area to improve our economy is to promote tourism more aggressively by having more campaigns and promotion of our tourist spots esp our beaches by the beautiful seas.
Promotion of our country's infrastructures and advancement of development is one of our ways to setoff the negative thinking of our economy thus reverting the value of the currency.
You are wrong more brainy people will leave Malaysia for better future and equal fair treatment. Malaysia policymaker is to favor one special group of people,not all Malaysian people.
If one or two persons fail us,they will go eventually but not the country's economy be made the scapegoat and let everyone suffer.So those who badmonth our country's economy and cause the problems are equally notorious bcos they come with an agenda i.e to reap profits in toubled waters.A lot of these brainless people follow suit without knowing they wreck their own domestic economy for eg depreciation of currency cause them to pay more for imported goods and their children's education in foreign countries.The blind leads the blind,both will fall into pits and have their eventuality. Pls plan and target the right enemy if you are so clever and smart.
If you go to Celu island in Phiippines,you can see real poverty as children are begging in the cities and people don't own houses but sleeping in tents as squarters.Try India,Banglaesh,Pakistan,Southern America,African nations,you will notice the vast gap between the rich and the poor.In Hong Kong,Japan,Melbourne,Sdyney and even S'pore you are selling your whole life span of working life in exchange for a shelter/apartment over your head,it is worth it?Slog for a house lifelong,it is worth it.
I foresee this umno ppl, their mind n thinking is unpredictable. No logic n practical at all. Can go any direction. Now look like a disease and too too extreme.
Look like the country going to the drain. By the time still not sure they will open the mind. Someone told that only can change when they have nothing to eat,
When they lose their jobs going to the streets to beg,then the stupid will realise they don't benefit at all but supporting the greed of a handful of persons who use policies to manipulate them for their own benefits.But I think it won't reach that stage bcos they are very educated lot who are not easily manipulated and can see through their plots and scheming.Malaysians are the smart lot,cheers!
this religion is willing to die for wor? You dont know about syria...? cancer to the society...may be Malaysia got infected.
Posted by Lk036 > Dec 2, 2016 01:00 PM | Report Abuse
Look like the country going to the drain. By the time still not sure they will open the mind. Someone told that only can change when they have nothing to eat,
Dear Malaysians,be happy with your lives afterll we are far better than 40 years ago with many good universities,free hospitals,cars,highways,lrt and good housing. But sad bcos with many cyber thieves,criminals running around scot free,not arrested yet.
Also hackers coming to my website to stop me from giving comments and divert incoming calls to theirs,grab my real estate clients.This is the works of some crooks in real estate business.
Many many years ago...we are better than s. korea, spore...so lets be comfortable
Now, we are still better than..... phillipines, African nations, so don't complain, there are still countries worse than us
If we dun do something and keep comfort that there are always countries worse than us....SOON n very soon, there will be no country to compare that are are worse than us
The world is moving at a very fast pace..you either keep up with it ..or be left behind
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gohkimhock
3,128 posts
Posted by gohkimhock > 2016-12-01 22:46 | Report Abuse
Corruption will bring down the ringgit.