Short seller: LETS GO BOIS !!!! DESTROY THE RINGGIT !!! btw, probably they already earn a lot from failling ringgit PMX: I don't care.... as a Malaysian, I believe there is investment and there is upgrade in infrastructure and also development but probably people had already scared because of Najib pardon case and Zahid corruption case dropped. They viewed the reform promised are not performed. You remember in year 2018, many reform are made and the MYR recovered but may be too fast reform that allow the opposition to take over again.
Yes there should be no more reason for better government reforms. Can we start by your constituent? I'm a resident of USJ22. My resident association persatuan penduduk USJ22 only has 7 members but being awarded by Mbsj to run the neighborhood as they wish. This was pointed out to our councillor but he calls me unreasonable and underperforming. The RA don't hold any AGM, no transparency on money spent, nor get any consensus for any SOP changed and the foreign guard is given free hand to humiliate or torture my visitors. Yes I'm not paying , does that make me second class citizen to foreigner? My visitors are all subangnites too. Why the push for this to enrich the security companies through rakyat B40 or M40 who doesn't need this service but being branded as "under-performing free loader?"
What currency is imports in? What Currency is export in? Foreign labor sending money abroad. Number of tourists going abroad vs number coming.. Debts taken out in USD... How much money is flowing out chasing Bitcoin etc and losing and still chasing!! No one is saying the obvious..stop using USD!! Many of these are done by the population chasing USD and causing Ringgit to fall....and they wonder why it drop!! Than they blame the Govt!! 😂😂😂
Simple reduce foreigners and hire locals. There at least 6-10 mil foreign workers in malaysia sending on average 1000 ringgit each to their respective countries. So thats at least 6 billion ringgit outflow per month. This is simple economics. You dont need degrees to understand why our ringgit and economy are in the gutter.
Suggestion : To improve and streghthen the ringgit , need to increase the avenue for the inflow of money and demand of ringgit. 1) Encourage more high net worth investor to invest locally, grant them better tax incentives. 2) Allow longer visa (6-12 months renewable) for our neighbour citizens like Singaporean to stay in Malaysia, esp those who wants to retire in Malaysia, apart from the MM2H. They can either buy or rent houses to stay. Reply
PMX kena jawab ... sekarang pun crony-capitalism konco konco ANWAR dan DAP ... kenapa ringgit masih masih mengalir keluar ke singapore dan thailand ... tak caya suruh gabenor bank negara bagi cerita sebenar ... sbb kementerian kewangan yang luluskan 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
To keep it very layman, I believe there are a few things we as individuals and/or employers can do to strengthen/stabilize the ringgit. They are 1. Buy more local products. When you buy local products, you are not just supporting local jobs/companies, but, you're also preventing ringgit outflow 2. Pay your local workers/staff more. Yes, you heard it right. Whenever you can, pay your staff better. This is because if your staff leaves, which may be abroad, he/she will contribute to another country productivity/growth and again, outflow of RM. This is a very serious issue. Keeping good productive talents are critical. 3. If you're in business or in a corporation, you need to think of all avenues/ideas to boost economic growth. When there's rapid economic growth, your business generates more profit hopefully, and you will then be able to reduce your company and country debt. Even your own household debt. There you go, 3 simple ways to can start immediately.
It's true Malaysia is top choice for ultra high net worth people looking for a second home Nomad Capitalist even made KL his base out of dozens of countries he analysed
Whatever the rate, I believe that the UG led by PH will solve our economic problems. We must give them sufficient time to do it because the alternative is quite likely to revert to the old failed system under the Opposition, piling on problems which they could never solve.
It's very risky for Malaysia to rely on high net worth resident foreign investors, to loosen all controls just for their sake, at the risk of putting the economy of our country at ransom at the hands of these capitalist barracudas and thus endangering national stability.
talk what national stability and control when you got nothing? this thinking of yours is why malaysia is in this shithole. want foreign investor to come in but on the other hand say risky la...loose control la. end up? all go singapore or even to indonesia. i dont see they are having problem with loosing control over foreign investor or losing national stability?
Carry out better government reform? I doubt the ruling government is even capable to kickstart how-to revamp the burdensome Civil Service. trim their benefits? remove their pension? so easy ah?
What do you think? There are 2 factors which will cause the slide to more than 5 ringgit to the dollar! Just refer to the relevant comments on the Malaysian economy in my previous comments section. Now you know why and how the slide will never end due to the.more than 3 listed factors.
The exchange rate yesterday will have already price in all developments already happened. Future exchange rates will take into consideration factors events likely to happen moving forward, just like how price move in stock market. People keep on saying exchange rate undervalued or does not reflect recent developments. Exchange market is dynamic and not blind, it knows what it is doing. Wong Chen is proactive to warn that we have to act now before the market price in all no good things about the economy
As long as we wait for the USA to cut interest rates, the ringgit will rise. The price of raising interest rates is high, so anwar would rather be scolded than raise interest rates.
Make it easy. If it is very complicated to think, imagine you want to rent a house for a medium or long term. As a renter, you mesti want assurance you can stay in the rented house for let say ten years. Kalau dua tiga tahun nanti landlord mungkin minta you pindah, might as well you rent other house. In other words, investors better choose Singapore or Indonesia.
Pmx kena buat beberapa drastik change seperti swap jwt antara rafizi dgn tg zafrul (rafizi dah mai idea,tg zafrul lebih reatif). naikkan interest rate 0.2%(semua negara pun naik ),ajak kerajan saudi parking usd 50b kat bank negara sepeti dilaku kan pd bank turkiye,ajak robert kuok melabur usd10b(baru2 ini dia labur kat singapore),ajak KJ ,wong kian ming dlm finance advisory board.
PH was never at fault for all the entrenched economic problems that the country faces today. PH is the real solution because it's the only coalition which brings integrity, competence and hard work under the current government (UG). We need to give it sufficient time to carry out the necessary changes and support PH with a bigger mandate.
@@adamiskandar5107 i think before given mandate seem that PH have lot of idea too many talk feel thats they can manage well and everthing look easy as they said but now they are not in a good path to do so. Sorry cant believe anymore.
To keep it very layman, I believe there are a few things we as individuals and/or employers can do to strengthen/stabilize the ringgit. They are 1. Buy more local products. When you buy local products, you are not just supporting local jobs/companies, but, you're also preventing ringgit outflow 2. Pay your local workers/staff more. Yes, you heard it right. Whenever you can, pay your staff better. This is because if your staff leaves, which may be abroad, he/she will contribute to another country productivity/growth and again, outflow of RM. This is a very serious issue. Keeping good productive talents are critical. 3. If you're in business or in a corporation, you need to think of all avenues/ideas to boost economic growth. When there's rapid economic growth, your business generates more profit hopefully, and you will then be able to reduce your company and country debt. Even your own household debt. There you go, 3 simple ways to can start immediately.
Any fall of malaysian ringgit is fault of the present goverment,and not any bodies fault,see when former prime minister Mahathir Mohd took a bold move to peg the ringgit to the us dollar in 1998,and it worked for about 2 years the when he repegged it the usd was from Rm4.40 toRm 3.60.its the goverrments respossibilty to take care about the malaysian curency under the control and not to depreciate .what is the goverment going to do to control the depreceation.
people who talk like this don’t understand economics at all. the fundamental structural problems of this country need to be fixed. the only real fault of this current government is that they are not doing reforms. but the damage was done during mahathir, badawi and najib years. pegging wont work. we don’t have the currency reserves for it
@@shriramvenu I agree with you on your first point, but your second point that the current government is not carrying out reforms, is debatable. Don't expect PH to fulfil all its reforms promises because the Rakyat did not give PH the mandate to rule on its own. The priority of this UG is to recover the money plundered by those corrupt politicians (the biggest crooks) to prevent them from using their money and influence to destabilize the UG and draw a clear line that there be no more corruption in the current UG. Past cases involving politicians who are now a part of the UG should be handled separately so as to tackle this corruption problem. This is not ideal as far as PH and its supporters are concerned but the practical thing to do. The UG is the best way forward because it's led by PH and those harping on the 3R issues are all in the Opposition. Except for a few within the UG still playing on these issues, the vast majority of coalition members are with the leadership of DSAI. The UG has achieved stability and with the new YDPA fully supporting the UG, the country could work on its priorities.
To keep it very layman, I believe there are a few things we as individuals and/or employers can do to strengthen/stabilize the ringgit. They are 1. Buy more local products. When you buy local products, you are not just supporting local jobs/companies, but, you're also preventing ringgit outflow 2. Pay your local workers/staff more. Yes, you heard it right. Whenever you can, pay your staff better. This is because if your staff leaves, which may be abroad, he/she will contribute to another country productivity/growth and again, outflow of RM. This is a very serious issue. Keeping good productive talents are critical. 3. If you're in business or in a corporation, you need to think of all avenues/ideas to boost economic growth. When there's rapid economic growth, your business generates more profit hopefully, and you will then be able to reduce your company and country debt. Even your own household debt. There you go, 3 simple ways to can start immediately.
Inilah contoh pemimpin yg terbaik
Cakap pandai, nanti buat susah
Short seller: LETS GO BOIS !!!! DESTROY THE RINGGIT !!!
btw, probably they already earn a lot from failling ringgit
PMX: I don't care....
as a Malaysian, I believe there is investment and there is upgrade in infrastructure and also development but probably people had already scared because of Najib pardon case and Zahid corruption case dropped. They viewed the reform promised are not performed. You remember in year 2018, many reform are made and the MYR recovered but may be too fast reform that allow the opposition to take over again.
Aku sukung penuh
Yes there should be no more reason for better government reforms. Can we start by your constituent? I'm a resident of USJ22. My resident association persatuan penduduk USJ22 only has 7 members but being awarded by Mbsj to run the neighborhood as they wish. This was pointed out to our councillor but he calls me unreasonable and underperforming. The RA don't hold any AGM, no transparency on money spent, nor get any consensus for any SOP changed and the foreign guard is given free hand to humiliate or torture my visitors. Yes I'm not paying , does that make me second class citizen to foreigner? My visitors are all subangnites too. Why the push for this to enrich the security companies through rakyat B40 or M40 who doesn't need this service but being branded as "under-performing free loader?"
What currency is imports in?
What Currency is export in?
Foreign labor sending money abroad.
Number of tourists going abroad vs number coming..
Debts taken out in USD...
How much money is flowing out chasing Bitcoin etc and losing and still chasing!!
No one is saying the obvious..stop using USD!!
Many of these are done by the population chasing USD and causing Ringgit to fall....and they wonder why it drop!! Than they blame the Govt!! 😂😂😂
Org berniaga kalau linggit jatoh haa, lu punya politik kita talak peduli punya 😂
Simple reduce foreigners and hire locals. There at least 6-10 mil foreign workers in malaysia sending on average 1000 ringgit each to their respective countries. So thats at least 6 billion ringgit outflow per month. This is simple economics. You dont need degrees to understand why our ringgit and economy are in the gutter.
Ini semua pasal tun m,
Terbaik
_PMX Totally Failed_
Suggestion : To improve and streghthen the ringgit , need to increase the avenue for the inflow of money and demand of ringgit.
1) Encourage more high net worth investor to invest locally, grant them better tax incentives.
2) Allow longer visa (6-12 months renewable) for our neighbour citizens like Singaporean to stay in Malaysia, esp those who wants to retire in Malaysia, apart from the MM2H. They can either buy or rent houses to stay.
Reply
Why 5? Such an arbitrary number
Good point and suggestion.
No shouting and no condemnation.
This is what to hear in Parliament.
Do it.
Great info and suggestions YB. But msia is at its critical point with a little room for mistakes.
well said YB , give solutions instead of complaint
Dia seorang yg kemas bertali leher. Ada prinsip sendiri
PMX kena jawab ... sekarang pun crony-capitalism konco konco ANWAR dan DAP ... kenapa ringgit masih masih mengalir keluar ke singapore dan thailand ... tak caya suruh gabenor bank negara bagi cerita sebenar ... sbb kementerian kewangan yang luluskan 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
To keep it very layman, I believe there are a few things we as individuals and/or employers can do to strengthen/stabilize the ringgit. They are
1. Buy more local products. When you buy local products, you are not just supporting local jobs/companies, but, you're also preventing ringgit outflow
2. Pay your local workers/staff more. Yes, you heard it right. Whenever you can, pay your staff better. This is because if your staff leaves, which may be abroad, he/she will contribute to another country productivity/growth and again, outflow of RM. This is a very serious issue. Keeping good productive talents are critical.
3. If you're in business or in a corporation, you need to think of all avenues/ideas to boost economic growth. When there's rapid economic growth, your business generates more profit hopefully, and you will then be able to reduce your company and country debt. Even your own household debt.
There you go, 3 simple ways to can start immediately.
betul ini kerajaan campuran bukan 100% PH, kena ambil kira pandangan dan kepentingan-kepentingan parti-parti lain dalam Kerajaan Madani
It's true
Malaysia is top choice for ultra high net worth people looking for a second home
Nomad Capitalist even made KL his base out of dozens of countries he analysed
Pmx patut pecat MK1 tu. Tak function langsung!
Dont let it reach 5.0. As if it reached 4.9 because they allowed it.😂😂😂
Whatever the rate, I believe that the UG led by PH will solve our economic problems. We must give them sufficient time to do it because the alternative is quite likely to revert to the old failed system under the Opposition, piling on problems which they could never solve.
Terbaeeek YB
It’s not current governments problem but all the temporary governments before this and it takes time to rebuild
It's very risky for Malaysia to rely on high net worth resident foreign investors, to loosen all controls just for their sake, at the risk of putting the economy of our country at ransom at the hands of these capitalist barracudas and thus endangering national stability.
talk what national stability and control when you got nothing? this thinking of yours is why malaysia is in this shithole. want foreign investor to come in but on the other hand say risky la...loose control la. end up? all go singapore or even to indonesia. i dont see they are having problem with loosing control over foreign investor or losing national stability?
YB Wong Chen always bringing new insights in Parliament, Good!
PH speak important issues to the country unlike PN which talk not important issues.
If breach then what? PMX already say gov cannot control right. All that is bad not kerajaan madani's fault, only the good are their effort.
Carry out better government reform? I doubt the ruling government is even capable to kickstart how-to revamp the burdensome Civil Service. trim their benefits? remove their pension? so easy ah?
What do you think? There are 2 factors which will cause the slide to more than 5 ringgit to the dollar! Just refer to the relevant comments on the Malaysian economy in my previous comments section. Now you know why and how the slide will never end due to the.more than 3 listed factors.
speak so much yet the ringgit hit the lowest during their tenure, result speak for itself
Send past pms n their corrupt ministers to jail sooner
Orang Subang ditipu Wong Chen. Sebelum PH15, janji banyak tapi sekarang rakyat hanya dapat cukai,+ cukai+cukai+cukai.
The exchange rate yesterday will have already price in all developments already happened. Future exchange rates will take into consideration factors events likely to happen moving forward, just like how price move in stock market. People keep on saying exchange rate undervalued or does not reflect recent developments. Exchange market is dynamic and not blind, it knows what it is doing. Wong Chen is proactive to warn that we have to act now before the market price in all no good things about the economy
Siok sendiri
As long as we wait for the USA to cut interest rates, the ringgit will rise. The price of raising interest rates is high, so anwar would rather be scolded than raise interest rates.
Make it easy. If it is very complicated to think, imagine you want to rent a house for a medium or long term. As a renter, you mesti want assurance you can stay in the rented house for let say ten years. Kalau dua tiga tahun nanti landlord mungkin minta you pindah, might as well you rent other house. In other words, investors better choose Singapore or Indonesia.
Good thinking 👍🏻👍🏻
YB Wong Chen macam inilah yang patut di bawa masuk kerja kat Kementerian Kewangan.
dah alang2 RM camni en, kita bundarkan je tepat 1 usd= 5 RM hahaha
PM must act fast, pecat menteri kewangan yang tak kompeten
Pmx kena buat beberapa drastik change seperti swap jwt antara rafizi dgn tg zafrul (rafizi dah mai idea,tg zafrul lebih reatif). naikkan interest rate 0.2%(semua negara pun naik ),ajak kerajan saudi parking usd 50b kat bank negara sepeti dilaku kan pd bank turkiye,ajak robert kuok melabur usd10b(baru2 ini dia labur kat singapore),ajak KJ ,wong kian ming dlm finance advisory board.
Do not let Reformasi jadi Ringgitmeta
Tipu. Bumi karya semua tamak.
Rang undang" reformasi?
Confirm tak ada
Wkwkwkwkw
Why self serving kj
bila nak duit senang inilah yg berlaku. matawang jatuh semua org nak dipersalahkan salah termasuk tuhan
Reformasi dah basi bro.....
Sekarang Kerajaan telah Gagal...
Yb...ni bagus...ideanya👍
Thank you PH for everthing nonsense you do towards rakyat
PH was never at fault for all the entrenched economic problems that the country faces today. PH is the real solution because it's the only coalition which brings integrity, competence and hard work under the current government (UG). We need to give it sufficient time to carry out the necessary changes and support PH with a bigger mandate.
@@adamiskandar5107 what happen now? Still ok?
@@adamiskandar5107 i think before given mandate seem that PH have lot of idea too many talk feel thats they can manage well and everthing look easy as they said but now they are not in a good path to do so. Sorry cant believe anymore.
To keep it very layman, I believe there are a few things we as individuals and/or employers can do to strengthen/stabilize the ringgit. They are
1. Buy more local products. When you buy local products, you are not just supporting local jobs/companies, but, you're also preventing ringgit outflow
2. Pay your local workers/staff more. Yes, you heard it right. Whenever you can, pay your staff better. This is because if your staff leaves, which may be abroad, he/she will contribute to another country productivity/growth and again, outflow of RM. This is a very serious issue. Keeping good productive talents are critical.
3. If you're in business or in a corporation, you need to think of all avenues/ideas to boost economic growth. When there's rapid economic growth, your business generates more profit hopefully, and you will then be able to reduce your company and country debt. Even your own household debt.
There you go, 3 simple ways to can start immediately.
PH government tak buat kerja. Menteri kewangan tak cekap, tak pandai atau bodoh hal2 kewangan. PM mesti pecat menteri kewangan
Any fall of malaysian ringgit is fault of the present goverment,and not any bodies fault,see when former prime minister Mahathir Mohd took a bold move to peg the ringgit to the us dollar in 1998,and it worked for about 2 years the when he repegged it the usd was from Rm4.40 toRm 3.60.its the goverrments respossibilty to take care about the malaysian curency under the control and not to depreciate .what is the goverment going to do to control the depreceation.
people who talk like this don’t understand economics at all. the fundamental structural problems of this country need to be fixed. the only real fault of this current government is that they are not doing reforms. but the damage was done during mahathir, badawi and najib years. pegging wont work. we don’t have the currency reserves for it
@@shriramvenu I agree with you on your first point, but your second point that the current government is not carrying out reforms, is debatable. Don't expect PH to fulfil all its reforms promises because the Rakyat did not give PH the mandate to rule on its own. The priority of this UG is to recover the money plundered by those corrupt politicians (the biggest crooks) to prevent them from using their money and influence to destabilize the UG and draw a clear line that there be no more corruption in the current UG. Past cases involving politicians who are now a part of the UG should be handled separately so as to tackle this corruption problem. This is not ideal as far as PH and its supporters are concerned but the practical thing to do. The UG is the best way forward because it's led by PH and those harping on the 3R issues are all in the Opposition. Except for a few within the UG still playing on these issues, the vast majority of coalition members are with the leadership of DSAI. The UG has achieved stability and with the new YDPA fully supporting the UG, the country could work on its priorities.
@@shriramvenuAfter peg dollar, debt but tambah....
PH Umno government tak buat kerja. Tak tahu nak cari duit
To keep it very layman, I believe there are a few things we as individuals and/or employers can do to strengthen/stabilize the ringgit. They are
1. Buy more local products. When you buy local products, you are not just supporting local jobs/companies, but, you're also preventing ringgit outflow
2. Pay your local workers/staff more. Yes, you heard it right. Whenever you can, pay your staff better. This is because if your staff leaves, which may be abroad, he/she will contribute to another country productivity/growth and again, outflow of RM. This is a very serious issue. Keeping good productive talents are critical.
3. If you're in business or in a corporation, you need to think of all avenues/ideas to boost economic growth. When there's rapid economic growth, your business generates more profit hopefully, and you will then be able to reduce your company and country debt. Even your own household debt.
There you go, 3 simple ways to can start immediately.
MP diorang pun tak caya dah
Forex Fund Manager short beratus ratus juta MYR vs USD dengan leverage x1000 di currency exchange. Koyak Malaysia.
Inflasi rendah sebab inflasi dibuat utk barang subsidi sahaja
The best yb Womg
LOL. weak ringgit help to boost export
RM’s Fate in hands of Singapore 😂🎉❤
Inevitable 5 to USD n 4 to SGD. All messed up by past scum pms
Dont blame PMX
Sbb dia x pandai jaga negeri choiii
Ok. Kita salahkan menteri kewangan ja lah. Jaga duit pun tak pandai. 😂