Currencies
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 2022Ringgit 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 2022Today, 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 2022Russia-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 2022Ringgit 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 2022Since 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 2022When 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 2022Trapped 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 2022You 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 2022Have you noticed the size of fried chicken at Kentucky Fried Chicken is smaller than usual? That’s because the chicken shortage has forced the poor birds to be slaughtered earlier in order to meet the local demand. Yes, Malaysia is currently facing the food crisis, and chicken is the latest candidate of food shortage that […]
... written on May 25 2022
