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Ski
02-12-2005, 12:23 PM
Hi
Next year Quit Rent is going up by 10 % and the electricity tarrif is sure to go up too..what else?

GreyShadow
02-12-2005, 12:30 PM
Everything goes up in big portpotion ,everything except our salary :(

Petrol sure go up one lor... since goment only promised no petrol increase until end of this month... :(

penangkia
02-12-2005, 02:07 PM
Yea, everything seems to be going up except our stinky stock market and our RM :(

pucman
02-12-2005, 02:16 PM
Yea, everything seems to be going up except our stinky stock market and our RM :(

Yeah, it seems that our economy is not doing so good.

What with Foreign Investment looking for more friendly countries and visitors from china and india shunning us due to some remarks and actions from the police. :(

GreyShadow
02-12-2005, 02:36 PM
Corrupted PDRM scares them away...
Idiotic Minister shoo them away...
also not to forget bird flu scare leh....

layman
02-12-2005, 04:47 PM
Everything goes up in big portpotion ,everything except our salary :(

Petrol sure go up one lor... since goment only promised no petrol increase until end of this month... :(


inflation rearing its ugly head

well the official figure is only 3%

the unofficial one is a hefty 7-8%

wages decline or do not increase in line with inflation-results-lower STANDARD OF LIVING, erosion of the quality of our lives

perhaps BN should consider 'unpegging' the unpegged ringgit

cosmic dust
02-12-2005, 05:36 PM
what about our housing loan?? interest rate already upped due to "good" economy.. as claimed by our "smarty" gomen bank..

cosmic dust
02-12-2005, 05:41 PM
Borrowed from another thread..


Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said the decision to raise the OPR, which influences lending and deposit rates offered by banks in the country, was made after the economy grew strongly during the third quarter and is expected to maintain the momentum heading into next year.

economy grew strongly!!!???!!! why I could not feel it...

my ability to use the force must have diminished..

pucman
02-12-2005, 06:58 PM
Borrowed from another thread..



economy grew strongly!!!???!!! why I could not feel it...

my ability to use the force must have diminished..


Sometimes, I really wonder how accurate are the local newspapers. I don't feel it too. And inflation is definitely NOT 3%. :mad:

I just read a bloomberg report that the malaysian economy is bad as evidenced by the stock market going down. :(

jand
02-12-2005, 08:38 PM
Interesting though.. the ringgit depreciated a little today.

Interest rates go up, ringgit go down?

pucman
02-12-2005, 09:29 PM
Interesting though.. the ringgit depreciated a little today.

Interest rates go up, ringgit go down?

The dollar is dependant on many factors not just interest rate.

If foreigners determine that malaysia is not a good place to invest (eg. like the recent statement by the police), a small increase isn't going to convince them to come back. Unless interest rate is 10%.

jand
03-12-2005, 12:27 AM
and isn't that the truth.

but i am also worried on the spillover effects the weaker ringgit in light of the interest rate increase in our country.. our purchasing power is weak enough as it is.

imported materials (many of our buatan Malaysia goods use them too) will slowly trend upwards likewise our finished goods hence pushing inflation higher.

if this is coupled with stagnant or disproportionate growth in our country's economy (too little growth vs. inflation), we are looking at some major recession coming our way.

this is just may lay opinion on economics. interest rate is a double edged sword for national banks, unwisely used, it could cause a cascade effect and a recent example would be IMF and an older one would be the Great Depression.

this is just my dua puluh sen opinion (dah kena inflasi ni!).

mlkok
03-12-2005, 12:51 AM
When Proton and MAS post another loss you can expect to bear that cost as well....... :p