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