IPOH (March 15): The ringgit is expected to surge to 3.80 against the US dollar in the near term, Datuk Seri Najib Tun Razak said.
The Prime Minister said his optimism emanated from positive indicators like the nation's strong economic performance, as well as the country's export value of more than RM80 billion in the first quarter of this year.
"Our currency yesterday dropped slightly to 3.90 from 3.89 (against the US dollar). InsyaAllah, in the near term it may rise to 3.80.
“In terms of currency value, ours is among the best performing currencies as several months ago the ringgit had weakened to 4.49. But it will surge to 3.80 soon," he said when addressing the Prime Minister’s Budget 2018 with People-Civil Servants programme attended by over 5,000 people, here today.
This is the fourth edition of the programme in Najib’s quest to share the country's success stories and explain various government policies that had been and will be implemented.
Najib was greeted on arrival at the Allied Health Sciences College, Tanjung Rambutan near here by Perak Menteri Besar Datuk Seri Dr Zambry Abd Kadir and State Secretary Datuk Seri Abdul Puhat Mat Nayan.
The Prime Minister described the rating affirmation of three international bodies, namely Fitch, Moody’s and Standard & Poors on the government administrative capability recently as not an ordinary recognition.
He said the three international rating agencies had visited the country to carry out an in-depth study in terms of facts and figures before affirming Malaysia ratings at ‘A’.
"Our country ratings was affirmed at ‘A-’, Singapore may be higher but we are in Group A, (while) Italy at B, Greece was worse, Russian at B. So, if people said we will go bankrupt, it is just common sense that Group B will go bankrupt first. How can A go bankrupt before B.
“During the Asian Financial Crisis in 1997, our reserve was at US$20 billion, but the bankrupt story did not surface then. Now our country’s reserve stood at US$103 billion, a five-fold increase from before," he said.
He said the value of national loans against Gross Domestic Product also declined from 54 per cent to 50.8 per cent.
agreed with JJ. only few counters react GE 14 with volume and price. others are sleeping or side ways. BN nor announcing date but evey tom dick harry ecpects parliament to dissolve. EC new voters list to be past by parliament (dewan rakyat followed by dewan negara ) by convention.? dewan rakyat will end thier last session . BN expected to bulldoze it and used the new voter list without refering to dewan negara for reading before April 6. dissolution and calling for GE 14 needs a minium of { 7 days } for nomination plus another 7 -10 days for campaign. my guess before end april
Spec stock lar. Keep a bit longer possible make some money. They won a small.kucing kurap 460k contract. Win 46m contract then can.shout a bit. Win 460m contract then can shout out more. Haha. But can they manage big contracts and make a profit out of it. Do they have execution success. I doubt it. But at very low then can make some cents..
He probably knows some contract wins but I doubt he knows the value or profitability of each contracts. Only the President and certain staff in business development or finance know this info. Anyway, you don't need to know these if you are planning to just profit from the short term price burst after the announcement.
MYEG服务的核心生意是E政府,即政府所有收费都可以通过MYEG服务平台完成,由於数目庞大,MYEG服务每年都可录得惊人利润。 09/03/2018 23:17 X moneykj 目前陆路交通局的驾驶执照和路税更新可以说是被MYEG服务垄断,艾力斯想要突破垄断,是否能顺利获得政府点头呢?
Ans:
New boss Dato Rozabil is Perlis Umno Leader. Managing Director of Destini. KJ's buddy. Many government agencies are Destini clients. With Rozabil incharge, Iris why can't? 10/03/2018 17:29 X moneykj First with Immigration department contract in Dec last year. Expected more contract from government agencies will be announced. Keep an eye on Iris leh... 10/03/2018 17:44
Very well written analysis. Based on history of offshore drilling cycle, it took ten years from the trough no. 1 to reach peak no. 3. So, are you ready hold this share for 10 years to fully reap its profit opportunity? I am very surprised that Maybank wrote such an objective analysis considering they are the major financier for Umwog.
Rick Ramli, ex-MD, Boston Consulting Group & MBA from NorthWestern University joins UMWOG as non-Independent & non-Executive director to represent PNB.... a welcome change. He's an expert to effect change... likely next CEO or Chairman. A very good move by PNB....
I am betting that the Rick horse can run faster than the ARA horse. The ARA horse's track record not good when he was CEO of Media Prima and in EQUINAS..
Not sure if putting another director will make any difference. It is the management that is running the show. Directors are just providing check and balance (aka rubber stamp). They may not necessarily provide any value but is receiving allowance from the board meetings every month apart from medical benefits and leave passage.
most board members just warming their seats ( unless you are driven by a passion ) to outperform or have a mandate to propel the company . Nobody knows what beholds of UMWOG. same like Air Asia when TF first started. Just keep our fingers crossed
Even though Dow Jones drop heavily on Thursday and Friday, umwog remain strong and doesn't affect at all. With improve Brent crude breaking 70USD as a new benchmark and maintain persistently for many months, oil and gas industry indefinitely open the door for more oil rigs benefits serving as major industry once again. The right timing after lying low for the past few years shall bounce back to it's previous platform. Buy when dip keep as potential investment just as TF enhance Air Asia. It is parallel no doubt about it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jcwt
7 posts
Posted by Jcwt > 2018-03-15 17:28 | Report Abuse
PMB Investment eyes O&G in 2018
https://www.theedgemarkets.com/article/pmb-investment-eyes-og-2018