Posted by chinaman > 2019-05-03 20:15 | Report Abuse

Abolish GST is Pakatun's biggest mistake. now, has to take desperate measures cutting interest which may lead to MYR rated as junk bond. wakaka

Posted by calvintaneng > 2019-05-04 16:51 | Report Abuse

Better cut interest rate down to 2% immediately!!

Why must cut interest rate?

ANSWER:

1) Singapore interest rate is only 1.2%

It encourages more people to buy stocks which give better yields. Spore REITS pay up to 5% yield.

2) Many houses and apartments in Malaysia are left unsold.

Cutting interest rate will help in affordability.
If more people can buy houses it will spur development

3) Many businesses are facing challenges from China, Vietnam, Thailand, Indonesia and other competing nations for exports.
By cutting interest rates Malaysian exporting companies will be able to compete

SO THERE IS MORE BETTER BENEFIT FROM CUTTING INTEREST RATES THAN RAISING IT

For Malaysia to get back into focus better don't just cut to 3%

CUT DOWN TO 2% BETTER

IF CAN CUT DOWN TO 1% EVEN BEST

MALAYSIA WILL THEN BE SUPER COMPETITIVE IN EXPORTS

FOR THIS YEAR WHILE CHINA IS UP 30% & MANY OTHER COUNTRIES UP 15% TO 20%

MALAYSIA IS THE ONLY LAGGARD NOT PERFORMING

Posted by apolloang > 2019-05-05 13:50 | Report Abuse

to datuk calvin
https://www.thestar.com.my/news/nation/2019/05/05/johor-has-the-most-unsold-properties-in-the-nation/

Posted by Heavenly PUNTER Research IB > 2019-05-05 13:51 | Report Abuse

If cut, can take a look at glove counters for short term Punting

Posted by chinaman > 2019-05-05 14:05 | Report Abuse

Dear Datuk Calvin, MY and SG in different situation. SG is one of world finance centre, can tap into credit easily at cheap cost, without affecting SGD. MY is still having non-stop outflow, 1 year after Pakatun as new govt- MYR is very weak, pulled down each time interest lower down. SG income per capita much higher than MY, thus demand for property holding up well. MY lousy MYR, cause beyond affordability many commoners to get finance to own property causing slump, glut here. Even if MY interest cut to zero no point when access to finance very hard in MY now

Posted by apolloang > 2019-05-05 14:09 | Report Abuse

if cut RM VS USD will be 4.50-5.00 kambing soon

Posted by qqq3 > 2019-05-05 14:10 | Report Abuse

economist split...nothing new.....

economists also don't know one.

Posted by chinaman > 2019-05-05 14:21 | Report Abuse

Many flock to China and Thailand bourse now since MY keep focus to defend god i/o MYR ma. God is very powerful but need religion hero to defend ma. Why? wakaka

Posted by qqq3 > 2019-05-05 14:27 | Report Abuse

race and religion is more important when there is chaos.

Posted by calvintaneng > 2019-05-05 18:43 | Report Abuse

I see things differently

1. Malaysia is an exporting nation. So weak ringgit will help export
If Malaysian companies do well there will be jobs

2. Low interest helps both housing and businesses

3.The idea of less debt and balancing the budget at a time like this will only stifle growth. Debt to Capital is higher in China, Japan, USA and even Singapore.

4. See how Trump knowing US already in USD 16 Trillions debt has pushed it to USD 20 trillions

5. What is more important will be growth, jobs for all and ability to pay

6.Johor property glut could be resolved by these

A. Reduce Rm1 million threshold to only rm500,000 until glut is cleared. Since locals didn't take just open them to Singaporeans and others

B. Immediately build RTS. Too long talking and deliberating. Now cost only rm3. 5 billions or less. The benefit will far out weight the cost as 400,000 Malaysians working in Spore will immediately benefit.
Plus 5 million Sporeans will come shop and spend in Jb

C. Encourage China nationals to come buy Forest City without fear.
Think of how the Arabs made Dubai so successful

D. All the fears are unfounded. The need is so great yet so little real action

Posted by calvintaneng > 2019-05-05 18:57 | Report Abuse

Is rm3. 5 billions alot?
For 400,000 johoreans working in Singapore daily

Let's do the sum

3500000000 divides by 400,000

= Rm8750

If charge rm5.00 ticket from jb to woodland each way it will take only 2 years to recover all cost

You must also know Johor has a population growing near 2 millions
And Sporeans another 7 millions

AND Causeway is one of the busiest crossings on earth

So use your brain and calculate

Posted by calvintaneng > 2019-05-05 18:59 | Report Abuse

Also think further

Spore has the highest concentration of millionaires in the world counting per person to population. Billionaires like Mark Zuckerberg and Jim Rogers are Permament Residents as well as many others

If they start investing in Johor?

Posted by Heavenly PUNTER Research IB > 2019-05-05 19:02 | Report Abuse

Unker if rate until 1%, Apple Iphone very expensive liao lo, many people will cry. Maybe that time one Iphone will cost RM 10k... hahaha, many people will be angry and will go work overseas like this

Posted by JayC > 2019-05-05 19:16 | Report Abuse

cut interest rate la... our malaysia economy is dying a slow death already

Posted by chinaman > 2019-05-05 19:24 | Report Abuse

Rich Chinaman's money is haram ma. We chase them away from investing in Forest City. Without billionaires $$$ in our banking system unlike SG, how our MYR can strengthen? instead, we encourage, give citizenship easily to all poor Pinoy in Sabah, Indon, Bangla, wakaka

Posted by chinaman > 2019-05-05 19:24 | Report Abuse

Rich Chinaman's money is haram ma. We chase them away from investing in Forest City. Without billionaires $$$ in our banking system unlike SG, how our MYR can strengthen? instead, we encourage, give citizenship easily to all poor Pinoy in Sabah, Indon, Bangla, wakaka

Posted by chinaman > 2019-05-05 19:35 | Report Abuse

it's an open secret there are hundreds of billions illicit money hidden overseas by corrupted officers, which if brought back to our banking system, sure can strenghen MYR instantly, allowing easy access to credit to all commoners. All is KARMA and our own doing. wakaka

Posted by calvintaneng > 2019-05-05 20:04 | Report Abuse

Exactly!

Cut interest rate to rock bottom

Let ringgit devalue

Then open All Malaysia, Sabah and Sarawak to Foreign FDI

Give 10 years tax holiday for high tech jobs for locals

In 30 years time Malaysia will overtake Shenzhen and whole world to be number champion economy

I think I can guarantee that

Posted by calvintaneng > 2019-05-05 20:37 | Report Abuse

It started with USA in the 1770s

USA AND CANADA ENCOURAGED IMMIGRATION FROM EUROPE BY GIVING GENEROUS TERMS AND EVEN FREE LANDS

EACH IMMIGRANT IS GIVEN 160 ACRES OF FREE LANDS

SO AMERICA AND CANADA BECAME GREAT

WHEN SINGAPORE GOT INDEPENDENCE IN 1965 IT HAS NO RUBBER TREE, TIN, PALM OIL OR WATER

IT OPENS ITS DOORS WIDE FOR FDI WITH MINIMAL TAXES

TODAY SINGAPORE IS A FIRST WORLD ECONOMY

1980 DENG XIO PENG OPENED SHENZHEN AS AN ECONOMIC HUB FOR FOREIGN FDI
TODAY SHENZHEN PROPERTY HAS OVERTAKEN HONG KONG

SO IF LEADERSHIP IS REALLY SERIOUS IN SEEING REAL GROWTH JUST OPEN THE DOOR WIDE FOR HIGH END FOREIGN FDI AND CUT RED TAPE TO THE BAREST MINIMUM

Posted by pussycats > 2019-05-05 20:48 | Report Abuse

Posted by apolloang > May 5, 2019 2:09 PM | Report Abuse

if cut RM VS USD will be 4.50-5.00 kambing soon
=======

Very true,

If cut Msia interest rate to 2% or 1%,
No foreigners will be interest ed to buy Msian Gov Bonds...
Then RM will drop to 1.00$US= Rm5.00.

My goodness, don't simply play with interest rate.
If can simply play interest rate, then anyone can become Bank Negara Governor loh.

Posted by pussycats > 2019-05-05 20:55 | Report Abuse

SO IF LEADERSHIP IS REALLY SERIOUS IN SEEING REAL GROWTH JUST OPEN THE DOOR WIDE FOR HIGH END FOREIGN FDI AND CUT RED TAPE TO THE BAREST MINIMUM

=======
This statement above, I agree la...

But don't simply play interest rate.

If can simply play interest rate, then I propose that person to be Bank Negara Governor lah.