Malaysia will never go bankrupt. We can withstand 97/98 crisis, we should be able to do the same this time. Only thing rakyat has to suffer will be super inflation perhaps up to 10% if :- 1. BNM raises interest rate. 2. Govt issues more MGS. 3. Minimum salary increase by 10%, and keep on increase by 10% a year. 4. EPF increases contribution rate to 18% for both employee and employer and step up to 20% each. 5. EPF increases investment in MGS. 6. Petronas sells foreign assets and bring back USD. 7. Reduce number of civil servants. 8. Reduce white elephant projects. 9. God bless Malaysia.
1. BNM raises interest rate. Property market crashes. People starts saving money into bank during gst. Spending slowdown, economy slowdown. 2. Civil servant keep increasing, dato datin salary increase 200%. Rakyat pay for it whether u like it or not. 3. EPF takes your money and invests somewhere else. When market meltdown, they will take more of your money and delay your withdrawal age. 4. Oil price, electric tariff and water tariff in malaysia will go up higher despite oil price drops. Reason: Somebody claim cost of material is higher. In the end the profit goes into somebody elses pocket. 5. No more hope in BN.
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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....
ks55
3,817 posts
Posted by ks55 > 2014-12-25 19:36 | Report Abuse
Malaysia will never go bankrupt.
We can withstand 97/98 crisis, we should be able to do the same this time.
Only thing rakyat has to suffer will be super inflation perhaps up to 10% if :-
1. BNM raises interest rate.
2. Govt issues more MGS.
3. Minimum salary increase by 10%, and keep on increase by 10% a year.
4. EPF increases contribution rate to 18% for both employee and employer and step up to 20% each.
5. EPF increases investment in MGS.
6. Petronas sells foreign assets and bring back USD.
7. Reduce number of civil servants.
8. Reduce white elephant projects.
9. God bless Malaysia.