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Hit RM4.60 In 10 Days – Here’s Why You Should Keep Your US Dollar, Don’t Convert Yet To Free-Falling Ringgit

Ringgit officially breached the psychological RM4.50 to the U.S. dollar on Sept 13, 2022 – the lowest since the 1997-1998 Asian Financial Crisis. The Malaysian currency already plunged to its 24-year low on Sept 7 when it closed at RM4.5015 to the greenback. But for the next 3 trading days, it tried to pull back […]

... written on Sep 26 2022

Ringgit In Freefall To RM4.80 – Finance Minister Zafrul Had No Clue That Imports & Debts Suffer With Stronger Dollar

During the 1997-98 Asian Financial Crisis, Ringgit dropped like a rock. In fact, the crisis the swept Southeast Asian countries into currency chaos had forced the Malaysian currency to depreciate by about 80%, from RM2.50 to RM4.50 per US dollar. At its worst level, the currency plunged to a record RM4.885 per dollar in 1998, […]

... written on Sep 15 2022

Ringgit Hits 4.50 – Drops To Lowest Level Since 1997 Financial Crisis Despite Burning Billions Propping The Currency

Ringgit has finally dropped 4.50 to a US dollar on Wednesday (Sept 7) – the lowest since January 1998, during the Asian Financial Crisis. The Malaysia currency plunged as much as 4.5038 before staging a rebound to 4.5017. As feared, once it breached the psychological 4.50 level, it would be difficult to return to previous […]

... written on Sep 08 2022

Financial Tips To Help You Master The Art Of Forex Trading

Today, forex trading is very easy because accessing markets, information, and executing trades can be done through your mobile phone. If you have an internet connection and a device to access the internet through, you can trade any kind of currency from anywhere in the world. Trading, in general, is a great way to make […]

... written on Aug 01 2022

Unacceptably High Inflation – Panicked U.S. Scrambles To Cap Russian Oil Price, But Here’s Why The Scheme Is Pure Fantasy

Russia-Ukraine conflict has indeed wrecked havoc around the world. After Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson lost their jobs, partly due to the Ukraine war, Italian Prime Minister Mario Draghi became the third casualty who resigned on Thursday (July 14) due to a disagreement over how to respond to the […]

... written on Jul 16 2022

Printing RM1.9 Trillion – Why Ringgit Could Breach 4.50 And Plunge Into A Free Fall As Investors Continue To Lose Confidence

Ringgit does not seem to be in a good position. The Malaysia currency is trading at more than 4.43 to a dollar – the lowest for the year, having plunged from 4.16 in January 1. Technically, its resistance is 4.50 – less than RM0.07 away. The last time the currency was trading at this low […]

... written on Jul 13 2022

Clueless PM Sabri Wasting Money Again – With Turkey’s Economy In Crisis, It Has No Money To Invest In Malaysia

Since taking over in August last year as Malaysia prime minister, Ismail Sabri Yaakob had made overseas trips a whopping 11 times. That’s about one trip every month since the unelected backdoor premier replaced former PM Muhyiddin Yassin, who was forced to resign after just 17 months in the corridors of power – toppled by […]

... written on Jul 06 2022

EU Anxiously Waiting For Trade Talks With China – But Beijing Appears Not Interested And Doesn’t Care

When the U.S. sneezes, the world catches a cold. However, with China’s economic rise, the world could also catch a cold when China sneezes. The world quickly learns the impact of China shutdown due to the Covid-19 pandemic. Negative global spillover from falling industrial and manufacturing activity in China could trigger retrenchment, inflation or even recession.   Since […]

... written on Jul 04 2022

Trapped In RM80 Billion Subsidy – A Result Of “Ketuanan Melayu” Racist Policy, Corruption & Nepotism

Finance Minister Tengku Zafrul Tengku Abdul Aziz said the subsidy bill for this year (2022) is expected to hit RM77.3 billion – the largest in the history of Malaysia. The subsidy included petrol, diesel, liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity (RM9.7 billion), Bantuan Keluarga Malaysia (BKM) (RM11.7 billion), and […]

... written on Jun 27 2022

The Return Of GST – PM Ismail Sabri’s Audemars Piguet Watch Worth RM292,553 Can Subsidize Thousands Of Chicken

You know this country is in serious financial trouble when Prime Minister Ismail Sabri floats the crazy idea of restoring GST (Goods and Services Tax) in the middle of global inflation. Either he was extremely desperate because the national coffers are already empty, or he had no idea that Najib Razak’s advice to re-introduce the […]

... written on Jun 04 2022









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