Economic analysts and observers should not be fixated with assessing the stability level of the ringgit, said Bank Negara governor Muhammad Irbahim.
This is not a right and productive thing to do, he added. also read this Finance Minister II's historic Move:new narrative moves Ringgit opens higher against the US dollar
Datuk Johari said much ado about nothing: Malaysiakini and KiniGuide the real reason why the ringgit plummeted
"Few views were offered by the economic analysts and observers. It is as though suggesting that this is our target in ensuring the stability of the economy. This is not accurate and productive," he said at the Finance Carnival organised by the central bank and attended by over 100 finance service providers.
Finance Minister II Johari Abdul Ghani said Malaysia will not end up like Sri Lanka, which was forced to lease its properties over its indebtedness to China.
"That is Sri Lanka, this is Malaysia," Johari said when met at an event in Kuala Lumpur today.
He was responding to prominent socio-economic activist and Bantah TPPA deputy chairperson Azlan Awang, who was quoted by news portal Free Malaysia Today as warning the government of the risks of putting Malaysia in the same trouble that Sri Lanka was over its indebtedness to China.
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Finance Minister2 Johari Abdul Ghani said the progressive parameters that impel economic growth whose first benefits reach those who need it most: condemned, for no fault of theirs, to survive in extreme difficulty Taking the right decision needs, in our system, nerves of steel along with forensic skills. the system from within. only a newcomer, like me, People ask, am I not disillusioned with the DAP’s populism, crazy statements, and unending but unsubstantiated allegations of corruption? Up to a point yes, but I never expected much better.An anti-corruption movement brings together diverse people. When that movement is converted into a party of contradictions will emerge. Chaotic sloganeering and populism will follow. can truly attack the system. Second Finance Minister Johari Abdul Ghani said the progressive parameters that impel economic growth whose first benefits reach those who need it most: condemned, for no fault of own, to survive in extreme difficulty Taking the right decision needs, in our system, nerves of steel along with forensic skills. Prime Minister Najib’s cabinet reshuffle which includes Titiwangsa MP Johari Abdul Ghani the heavyweight finance and corporate affairs At a time when everyone across the world wants to position themselves to be in the inside track with Trump, “Nothing prevents the government from sending some top corporates to the US to gauge the mood of the new administration taking over in Washington,
The World Bank expects Malaysia's economy to grow by 4.3 percent in 2017 and further expand by 4.5 percent next year as an adjustment to lower energy prices eases and commodity prices stabilise.
Indeed these are all far reaching changes that is bound to significantly improve the efficiency in use of resources and boost productivity. In fact the report notes that Malasysia among the few Asian economies.This signals a moderate expansion path from a low of 4.2 percent growth expected in 2016.This signals a moderate expansion path from a low of 4.2 percent growth expected in 2016.
In a statement, the World Bank said growth among commodity exporting economies in the region is forecast to accelerate."Malaysia is expected to accelerate to 4.3 percent in 2017 as adjustment to lower energy prices eases and as commodity prices stabilise," .The country's GDP growth narrowed to five percent in 2015 from the six percent recorded in 2014.On outlook for growth in the East Asia and Pacific regions, the World Bank projected it to ease to 6.2 percent this year following the slowing growth in China, which is moderating by a pick-up in the rest of the region."Macroeconomic policies are expected to support key domestic drivers of growth despite softness of external demand an overcapacity in some sectors.Meanwhile, for the global economy, the World Bank forecasts it to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year.Discussions about sustainability We need a new set of symbols that lead us away from the path that we are currently on. If the world today is increasingly being driven by ideas rather than by material resource, then consumption too should be about the power of the idea rather than the quality of the physical resource. The world is locked into a discourse of growth, and however well intentioned the effort to challenge this, it is too powerful a force to be reversed so easily.
Obstacles to activity recede among emerging markets and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers.
The world is locked into a discourse of growth, and however well intentioned the effort to challenge this, it is too powerful a force to be reversed so easily.
Beijing’s outreach to Washington is important, forging close ties with the Trump administration Beijing to gain a first hand assessment of Washington’s new mindset and how the future of Sino-US businesses will take shape was amply evident. Beijing’s outreach to Washington is important, forging close ties with the Trump administration Beijing to gain a first hand assessment of Washington’s new mindset and how the future of Sino-US businesses will take shape was amply evident. Many remember how Trump – during his election campaigns
At a time when everyone across the world wants to position themselves to be in the inside track with Trump,– Trump said he had a “great meeting” and that “Jack and I are going to do great things”. Beijing’s outreach to Washington is important, forging close ties with the Trump administration would help Alibaba control its image in the US and address some of the regulatory concerns raised by Washington. top corporates to the US to gauge the mood of the new administration taking over in Washington,
A photograph of Jack Ma with US President-elect Donald Trump had gone viral, Alibaba Group’s billionaire founder, has pledged to add a million US businesses to Alibaba’s online shopping platforms. That Ma was pushed by Beijing to gain a first hand assessment of Washington’s new mindset and how the future of Sino-US businesses will take shape was amply evident. Many remember how Trump – during his election campaigns – had repeatedly excoriated Beijing (and its neighbour India) for stealing American jobs.
Trump said he had a “great meeting” and that “Jack and I are going to do great things”. Beijing’s outreach to Washington is important, forging close ties with the Trump administration would help Alibaba control its image in the US and address some of the regulatory concerns raised by Washington.Malaysia needs to work like a manufacturing powerhouse like China and become an integral part of the Asian supply chain.
At a time when everyone across the world wants to position themselves to be in the inside track with Trump, “Nothing prevents the government from sending some top corporates to the US to gauge the mood of the new administration taking over in Washington, we should send corporate captains to meet Trump At a time when everyone across the world wants to position themselves to be in the inside track with Trump
we should send corporate captains to meet Trump At a time when everyone across the world wants to position themselves to be in the inside track with Trump
Many remember how Trump – during his election campaigns – had repeatedly excoriated Beijing for stealing American jobs. The depth of US antagonism towards Russia under Obama is difficult to appreciate. Obama has gratuitously denigrated Russia as a power. His personal antipathy towards Putin has got reflected in policy. To the last he has been vindictive towards Russia, imposing a fresh round of sanctions on it and expelling Russian diplomats wholesale in the dying days of his presidency. The revival of Cold War-like tensions with Russia is hardly a worthy legacy for Obama to leave behind considering that the end of the Cold War was a grand legacy that a Nobel peace laureate like him should have built upon.Trump said he had a “great meeting” and that “Jack and I are going to do great things”. Beijing’s outreach to Washington is important, forging close ties with the Trump administration would help Alibaba control its image in the US and address some of the regulatory concerns raised by Washington.
Where will China’s growth come from this year? It’s unlikely to come from exports — even ignoring potential protectionist moves in major export markets, there’s nothing that would significantly raise the world’s demand for Chinese goods.
What about currency depreciation to make exports more competitive? Will consumers feel good enough to raise their spending 8-10 per cent this year?
They will likely spend a lot less on buying property and fitting it out — because of government action to restrain prices and restrict access to mortgage financing — and less on cars if the current tax break expires.
Moreover, real salary rises are likely to be the lowest since the Lehman crisis, and with house prices expected to be flat, there won’t be a repeat of last year’s wealth effect.
A slowdown in construction could see steel demand drop and actual overcapacity grow. The stimulation of e-commerce making goods available in smaller cities for the first time may help, but technology displacing jobs in services, not just manufacturing, certainly won’t.
In fact, its impact is becoming more and more visible, leading more and more consumers to not only worry about losing their jobs but also actually see them eliminated.
The impact of technology on creating jobs in fields such as medical and education services will benefit the privileged few with the skills to take advantage, but it will not offset the near-term job losses.
Many remember how Trump – during his election campaigns – had repeatedly excoriated Beijing for stealing American jobs. The depth of US antagonism towards Russia under Obama is difficult to appreciate. Obama has gratuitously denigrated Russia as a power. His personal antipathy towards Putin has got reflected in policy. To the last he has been vindictive towards Russia, imposing a fresh round of sanctions on it and expelling Russian diplomats wholesale in the dying days of his presidency. The revival of Cold War-like tensions with Russia is hardly a worthy legacy for Obama to leave behind considering that the end of the Cold War was a grand legacy that a Nobel peace laureate like him should have built upon.Trump said he had a “great meeting” and that “Jack and I are going to do great things”. Beijing’s outreach to Washington is important, forging close ties with the Trump administration would help Alibaba control its image in the US and address some of the regulatory concerns raised by Washington.
Where will China’s growth come from this year? It’s unlikely to come from exports — even ignoring potential protectionist moves in major export markets, there’s nothing that would significantly raise the world’s demand for Chinese goods.
What about currency depreciation to make exports more competitive? Will consumers feel good enough to raise their spending 8-10 per cent this year?
They will likely spend a lot less on buying property and fitting it out — because of government action to restrain prices and restrict access to mortgage financing — and less on cars if the current tax break expires.
Moreover, real salary rises are likely to be the lowest since the Lehman crisis, and with house prices expected to be flat, there won’t be a repeat of last year’s wealth effect.
A slowdown in construction could see steel demand drop and actual overcapacity grow. The stimulation of e-commerce making goods available in smaller cities for the first time may help, but technology displacing jobs in services, not just manufacturing, certainly won’t.
In fact, its impact is becoming more and more visible, leading more and more consumers to not only worry about losing their jobs but also actually see them eliminated.
The impact of technology on creating jobs in fields such as medical and education services will benefit the privileged few with the skills to take advantage, but it will not offset the near-term job losses.
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