Do u know that the joker once established a website (Malaysia sini, if i m not mistaken) trying to do a copycat on Malaysiakini but only full of pro BN rubbish articles.....
During 1997/1998 while he was not yet a Prof, he oredi started to post a lot in newspaper...Some of his few articles which I could still remember is that he sang the same tune with Dr.M that the financial crisis which we faced at that moment was due to the attack by the foreigners as they were jealous of our achievement.....Another great article from him (if I m not mistaken) was that the 1998 Nipah Outbreak (pig disease) could be due to the conspiracy of foreigners as well....All those rubbish articles from him made me have a deep memory on him from that on wards..but too bad I couldnt retrieve those masterpiece of him now....
....You are talking the past, but somehow you are talking your impression on him. At the end you also can prove the past whether it is due to someone attack us lead to financial crisis of year 1998.It seems like we are talking different things, cause I am impressed of he managed to predict this time falling of malaysia ringgit.
It is true that our reserve is higher now, it is also true that our foreign debt have moved from about RM90B in 1998 to currently over RM700B, which is over 800% higher. Are we better off than 1998? There are 100s of Soros's brother out there, waiting for right time to strike !! How to defend when they strike?
There is no right or wrong, we only know that after a while. If we think he is wrong then show our forecast. So we can review and compare to see who is correct. No point keep argue never ending.
check look into 2013, which side he work for first.. 3.70 and 4.20 is a big range, what about break above that. if the confidence is no more, sell MYR assets and convert to USD, sure it will break. where the confidence come from?
nobody can forecast correctly as factors keep developing ,and changing with new revealations ,and new factors come into the scene,all we know we have no seen the light yet.
Weakness: 1. Political uncertainty- as najis choose to stay on. 2. Unresolved 1MDB 3. 2.6B scandal 4. Ringgit is weakening 5. Oil price remains soft
Threat : 1. US interest rate 2. China slowing down - commodity prices will remain low. 3. Europe recovery is slow and weak 4. japan is contracting again...
thus, KLSE and ringgit will continue in down trend. Please comments...
Malaysia is paying the price for weak foreign currency holdings and messy politics as the cost to protect its debt soars to near a four-year high. UBS Group AG predicts even more pain ahead.
The spread on the nation’s credit-default swaps widened 74 basis points in 2015 to 180 this week, a level not seen since October 2011. It’s the worst performing in Asia and almost 40 basis points more than similar-rated oil-producer Mexico, which the Swiss bank says best illustrates the malaise for Malaysia.
“The moves in CDS are telling us that the market is increasingly nervous about the central bank’s ability to manage the foreign-exchange selloff in light of its relatively light reserves position,” said Manik Narain, a London-based strategist at UBS. “Malaysia’s situation may now be more precarious.”
Bank Negara Malaysia’s foreign-exchange reserves slipped below US$100 billion last month for the first time since 2010. They look “increasingly meagre” by emerging-market standards, said Narain, and compare with foreigners’ RM206.8 billion (US$50.6 billion) holdings of local-currency debt in July, the lowest in three years. The ringgit this week traded near the weakest level since 1998 as Prime Minister Datuk Seri Najib Razak comes under the spotlight over reports of an almost $700 million donation into his bank account that was initially linked to debt-ridden state investment fund 1Malaysia Development Bhd.
The central bank might have to raise interest rates because of a limited ability to defend the currency amid falling reserves, Narain said.
The ringgit was trading at 4.09 per dollar at 10:18 am in Kuala Lumpur and UBS expects the currency to fall to 4.20 by year-end. – Bloomberg, August 19, 2015
KUALA LUMPUR: Foreign investors are ‘escaping’ Malaysia, a Bloomberg report today has concluded. Chua Hak Bin of Bank of America Merrill Lynch Singapore sums up the reasons. “Investors cannot see the end game,” he tells Bloomberg. “Anybody who questions the prime minister has basically been sidelined.” “The domestic situation on the political side is uncertain,” he adds, and its politics may affect economic management. With Bank Negara Governor Zeti Akhtar Aziz’s term expiring in April 2016 there are doubts that she will be replaced by someone as “independent and credible,” he said further. Bloomberg points to some alarming statistics since August 3, the day the Malaysian Anti-Corruption Commission (MACC) declared the RM2.6 billion which Prime Minister Najib Razak received in his private banking accounts came from donors rather than from 1Malaysia Development Berhad (1MDB): The ringgit has slumped 5.6 percent the benchmark KLCI has lost 8.3 percent sovereign bond risk has jumped to a four-year high 1MDB bonds are trading at 81 cents to the dollar despite MACC’s seemingly favourable announcement. Of the foreign funds cited in the report, PineBridge Investments LLC has reduced its Malaysian sovereign bond holdings while Schroder Investment Management Ltd does not think that the ringgit, Asia’s worst performing currency, is worth investing in at the present time. It means that Najib’s attempt at reshuffling his cabinet into what he has called a ‘unified team’ has been in vain. “By sacking everyone who criticizes him, Prime Minister Najib is putting himself more in the spotlight from an international investor perspective,” PineBridge’s Anders Faergemann was quoted as saying. “The mix of politics, money trails and central bank investigations would rank it close to Petrobras in terms of how toxic it is to emerging-market investors,” fund manager Yasmine Ravai-Mans of La Francaise Des Placements in France was quoted as saying. “There’s a growing trust deficit with the current leadership,” Chua said further. “Without confidence returning to the leadership and government, investors will be reluctant to jump into the currency and the markets.” He expects the ringgit to fall to 4.28 by the end 2016 - See more at: http://www.freemalaysiatoday.com/category/nation/2015/08/19/bloomberg-foreign-investors-escaping/#sthash.TxJ9wiPq.dpuf
Yr beloved 何博士 is one of them who likes to mess politic around with economy....
How long have you followed his posting or seminars etc? Go thru his records and then you will see his political stance. Dont simply worship him just for this article or his title...
To me, Dr.Ho's credibility is slightly better than Utusan Msia/ TV3 etc
This fellow simply put up his foolish view in politic and wanted to get public attention only. FF disposed RM 300 million worth of shares yesterday. They still have more than RM 12.8 billion value of shares to dump the market.
With Malaysian got less stupid and wiser, less racist, less religion fanatics which is natural. UMNO would get less vote naturally. Hence, the table would turn whereby PAS would become spoiler to UMNO rather than Pakatan. Most probably the vote outcome would be UMNO (BN) around 40%, PAS at 6% to 7% and Pakatan 52% to 54%. That would make UMNO loss heavily left only 50 to 60 seats and change of government.
the number of vote doesn't really count as m'sia is using "first past the post" system, so pls go and register to vote in those small town as the vote does count there as compared to big city in which there are not many parliament seats at stake.
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Posted by guoyen > 2015-08-18 21:13 | Report Abuse
Idiot