exodus of funds foreign and local

Posted by Acb123 > 2014-12-03 18:07 | Report Abuse

ringgit may hit 3.80 like 1999. then all company has usd debt all died. local property developer all koyak, import material rise. demand disssppear...lelong house everywhere. not forget the GST hit

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5 comment(s). Last comment by Acb123 2014-12-03 18:20

berakah

164 posts

Posted by berakah > 2014-12-03 18:14 | Report Abuse

Now O&G companies koyak, the next koyak is banking financial companies, then next Bursa limit down

cn21

492 posts

Posted by cn21 > 2014-12-03 18:16 | Report Abuse

Ringgit keep dropping....Bank Negara may raise the interest rate....

Acb123

36 posts

Posted by Acb123 > 2014-12-03 18:17 | Report Abuse

correct, banking will flood with bad loan from O&G company and default. plus property side.

just wait for rating agency to downgrade. i believe will come soon.

pang72

51,659 posts

Posted by pang72 > 2014-12-03 18:18 | Report Abuse

Oil n gas borrow money from bank for investment....so sama samasa koyak.....after that is property melt down

Acb123

36 posts

Posted by Acb123 > 2014-12-03 18:20 | Report Abuse

all oil and gas companies in bolehland are substantially owned by the stupid banks bcos of the loan. so oil n gas koyak how they cannot koyak?

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