malaysia Tag

Posted On October 26, 2017By BlackbeardIn News

Malaysia 2018 Budget: Is there any financial restraint?

PETALING JAYA: The Government is expected to exercise financial discipline even though the coming budget, which will be unveiled tomorrow, is the last one before the next general election. Economists said Prime Minister Datuk Seri Najib Tun Razak was expected to target a lower federal government budget deficit compared with 3% this year. “The overall debt levels are also expected to be lower, considering that there is a cautious outlook on the global economy and oil prices are still soft,” said an economist. Towards this end, the International Monetary FundRead More

Posted On October 12, 2017By BlackbeardIn News

Here’s Why Malaysians Can’t Afford a House

Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable. Bank Negara Malaysia has created a website packed with data aimed at debunking the “myth” that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 percent or higher. The central bank has resisted calls to loosen mortgage lending, instead saying the property industry should boost efforts to cut costs and accelerate supply. Rising home prices have added to the grievancesRead More

Posted On August 9, 2017By HoudiniIn Lifestyle

6 decades Merdeka with a silvery twist

Amidst our busy lifestyles, we seldom remember how far our country has gone in achieving and safeguarding our precious independence. With countless high-rise buildings, endless technological and physical development this beloved country of ours has undergone and will continue to undergo, it’s only right that this 60 years of independence is encapsulated in a precious way. Precisely, in a 1 dirham + 1 dirham Nubex 60 TAHUN KEMERDEKAAN silver coin! Nubex prides itself in always striving to create a difference. And this time, boy doesn’t it get any different thanRead More
In 2008, we had the Global Financial Crisis. Stocks tanked. Gold rose rapidly. It has ignited a global rush to get the yellow metal. This includes central banks, billionaires, and millions of individual investors worldwide. After all, gold is regarded as a safe haven against a plausible economic disaster in the near future. This rush has also caught up in Malaysia. New establishments sprung up to capitalize on the growing appetite of gold among the locals. Evidently, we have more choices of dealers and brokers of precious metals and haveRead More
What is a sporting event without a unique and rare precious merchandise right? I mean it’s the same old thing. Keychains, mugs, t-shirt, etc. That’s why for this year Kuala Lumpur 29th SEA games, Nubex has decided to come up with a special edition bimetal coins in commemoration of the 29th SEA and 9th ASEAN Para games 2017. Here are 5 things that you NEED to know about this limited edition product!   1. SEA games first-ever bimetal and dinar/dirham product! Now, for those of you who are new toRead More
The West could learn a thing or two 20 years after the region plunged into turmoil. Twenty years ago, I was working at the International Monetary Fund in Washington that would scramble — like almost everyone else — to understand and respond to cascading financial disruptions that would throw Asia into a deep recession. Important lessons were to emerge from an Asian miracle that was taking an unexpected turn for the worse, with frightening systemic implications. Asia painfully learned, and adapted well, and what it taught us remains valid todayRead More
Twenty years ago, Malaysia was caught up in the turmoil of a currency crisis that began in Thailand and swept across Asia, battering economies, pushing millions into poverty and forcing governments to seek emergency bailouts. Zeti Akhtar Aziz, who was chief economist of Malaysia’s central bank at the time — later becoming governor — recalls her experience of the crisis, including having to implement policies that went against the conventional economic wisdom of the time, such as pegging the currency and imposing capital controls on foreign investors. This is an abridgedRead More
As the Asian financial crisis raged on two decades ago, then Malaysian Prime Minister Mahathir Mohamad committed economic heresy by rejecting an International Monetary Fund bailout and slapping capital controls on global investors. Mahathir blasted currency traders as “unscrupulous profiteers” in an “immoral” line of work. Billionaire hedge fund manager George Soros, who bet big and won big against the British pound in 1992, returned fire, predicting that Mahathir’s policies would be a “recipe for disaster.” Not so it turned out. Malaysia’s economy contracted but quickly snapped back from the crisis. Mahathir’s controls were defended earlyRead More
Three stock markets have never returned to the peaks they achieved in the years before the Asian financial crisis triggered a region-wide sell-off two decades ago. Japan’s Topix Index reached a record high in dollar terms in December 1989. On Tuesday, it was trading 29 percent lower. Thailand’s SET and Taiwan’s TWSE make up the trio of gauges that have failed to regain past glories since the 1997 crisis. One market that has performed well is South Korea. The Kospi Index soared above its pre-crisis peak in 2006 and reachedRead More

Posted On July 3, 2017By HoudiniIn Articles

Rebalancing the housing market

AFTER making a profit of RM1mil from the sale of a property he lived in for a decade, Joe went house hunting. Most of the properties he saw were completed in 2014 or 2015. Some were tenanted, others left unoccupied the last two to three years. After seeing about 20 properties, he settled for one that cost slightly less than RM1mil. “It’s a buyer’s market, so maybe I can get the agent to negotiate it down to RM950,000,” he says. Joe is not the only one looking for a goodRead More