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Sentinel
20-05-2010, 01:19 AM
A strong ringgit is good for the economy, well that was what the PM was quoted as saying in a front page report in The Star two days ago, showing the ringgit's rise against the major currencies like the USD, Sterling Pound and the Euro...

I have been trying to crack my head over the last 2 days since I read this because as far as my basic Economics 101 knowledge is about:

a stronger ringgit vis-a-vis foreign currency makes Malaysian exports more costly to foreigners thus they would be expected to buy less of our exports, now thats forex exchange reduced..

a stronger ringgit makes foreign goods cheaper to Malaysian companies and Malaysian at large thus we will import more of foreign goods...

Thus less exports and more imports lead to a deficit Balance of Trade thgus leading to a deficit Balance of Payment...

A stronger ringgit also makes investing in Malaysia more costly to foreigners, thus less inflow of FDI into the local economy, no?

A stronger ringgit makes holidaying in Malaysia for foreigners more expensive thus less tourists will visit and thus less tourist dollars spent in the country. OTOH more Malaysians will travel overseas for their holidays coz their ringgit is strong and can get them more USDs or Pounds, no?
Stronger ringgit will encourage more Malaysians to invest in properties overseas (e.g. Australia) since its now relatively 'cheaper' for them to invest, no?
So, can someone (perhaps our resident economics professor AllUrban) pls help explain whether our PM is spinning a fast one on me coz I still don't get it how a strong ringgit is better for our economy? I am confused now... :confused:

p.s. Because the Euro is down, they just spent RM1.5 billion on 12 Eurocopters... sheesh! Who are we going to war with? New MiG30s, Submarines, Eurocopters... :mad:

USJ27Resident
20-05-2010, 02:07 AM
a stronger ringgit also means that someone who had RM490 million + ( exchange rate in Jan 2010 for *100 million EURO probably sitting in some bank or swiss a/c) made from commissions from a submarine deal... haven't realised that his (her?) loot just shrank by RM100 million...

*hypothetically speaking: if that Euro$$ was never converted to RM in the first place... if it was - then the flers would be breathing/sleeping easy tonite :p but seriously, if it hasn't been exchanged... you can bet your last RM - that this "rousing ringgit" is not gonna last long.... :(


p.s. Because the Euro is down, they just spent RM1.5 billion on 12 Eurocopters... :mad: .... hmmm... good question.... time to spend money la... the Gomen just collected the yearly (end April) TAXPAYERS contribution mah... cookie jars just been replenished.... :D

bslee
20-05-2010, 02:25 AM
Should we think stronger ringgit is so good ah?..
Did you know that US retailers can up their export prices to keep up and minimize loss on their shrinking greenback.. KENA jugak!.. They're not stupid you know. They're 1st world country...we're always 3rd world to them and can kena main anytime lah!

currymee
20-05-2010, 07:30 AM
A strong ringiit at this juncture has got nothing to do with Malaysia's economy whatsoever, it is all about the massive upheavel and ripples at EUro and USD .... we just "float", so right now, on a crest, just wait when we hit thr trough .... I like to see what excuse he uses :p :D - always read TWICE when 1NAJIB speaks ..... APCO is a very good boutique PR company specialising in Govt services :rolleyes:

gtl
20-05-2010, 07:58 AM
the the star paper write up on the "stronger" ringgit, very shallow and not backed up with figures and fundamentals.
we do not know what are we doing.........case close.

besitai2007
20-05-2010, 08:32 AM
Meant to give us the feel good feeling. We are now "better"? Tour packages cheaper and more people can afford to melancong..so more money spent overseas...More Indonesians willing to work her..can send more money back home...list goes on.

birdy
20-05-2010, 09:31 AM
Is our Ringgit Malaysia really strengthen? I thought it was USD and Euro that has weakened? You might think it is correct since one strengthen, meaning the other will weakened but to me, Ringgit Malaysia hasn't strengthen much against other currencies. However, if you look at USD and Euro, they have weakened compared to major currencies.

bslee
20-05-2010, 09:36 AM
Good feeling is all rubbish! Its DELUSION to the letter for most rakyat.
Compare to currency from down south.

Firefly
20-05-2010, 10:27 AM
Is the ringgit really that strong? If so, why is it that everything in the hyper market more expensive? A 1 lit Dutch Lady Full cream milk is up from RM3.15 a year ago to current RM4.00. Just ask all the parents of new born, how much is the infant formula milk now? A little can of 500g cost RM40++ :eek: I remember paying RM20++ way back 14 years ago. Crude is quoted in US$, is our petrol any cheaper?

Sentinel
20-05-2010, 10:41 AM
Is our Ringgit Malaysia really strengthen? I thought it was USD and Euro that has weakened? You might think it is correct since one strengthen, meaning the other will weakened but to me, Ringgit Malaysia hasn't strengthen much against other currencies. However, if you look at USD and Euro, they have weakened compared to major currencies.
This is the more likely cause to me too Birdy, the Greek economic meltdown and the EC bailout is the main cause of weakening Euro vs major currencies, plus Portugal also now edging towards a crisis (a 1997 Asian Financial Crisis Contagion transferred to EC???) :eek:

Rhiga
20-05-2010, 10:41 AM
As I said before, he is the grandfather of “syok sendiri”.

He will pick and capitalize on everything and anything to ‘syok” himself and after “syoking” long enough, he will believe all the illusions are real…. :eek:

Sentinel
20-05-2010, 10:51 AM
As I said before, he is the grandfather of “syok sendiri”.

He will pick and capitalize on everything and anything to ‘syok” himself and after “syoking” long enough, he will believe all the illusions are real…. :eek:
Hey Sagamihara-san... they label him as an ECONOMIST you know, graduate with Honours from Nottingham University UK lah... LOL!

currymee
20-05-2010, 10:51 AM
Well, Najib is playing the "feel-good" feeling to the majority of Malaysians who are not directly impacted by the fluctuations of the forex since we are subsidsing almost everything under the sun - in that sense, we are living in a "false" economy - so easy for him to make such nonsensical statements to the majority, whom he thinks are fools and non-financial/economic savvyy .... :mad:

Seriously, I am VERY VERY WARY of every statement that 1NAJIB makes - this fella got MORE prawns behind the stone than a whole fleet of trawlers ..... :D :D :D

Sentinel
20-05-2010, 11:00 AM
If I am a manufacturer and I quote and sell my product, lets say a electrical fuse, in USD, say USD1.00 a piece... won't my USD now only give me RM3.12 instead of RM3.51? Hey 1PM, why is a stronger ringgit better for my business?

mick123
20-05-2010, 11:02 AM
well, there are a lot of theories in najibnomics that we, at least myself :o , struggle to understand. may be he was just ill advised by his lieutenants. :rolleyes:


...............anyway, glad i sold all my usd at 3.43 :D

rakyat
20-05-2010, 11:05 AM
Hey Sagamihara-san... they label him as an ECONOMIST you know, graduate with Honours from Nottingham University UK lah... LOL!

I thot he cut short his studies when his father was ill? He did not graduate....

Even if he did graduate with an economic degree that does not make him an Economist; he is a career politician

Rhiga
20-05-2010, 11:07 AM
Hey Sagamihara-san... they label him as an ECONOMIST you know, graduate with Honours from Nottingham University UK lah... LOL!

Oh, Nothingham UK ….

That’s explain why there is a Malaysian campus here, and the big shareholder is Boustead – the investment arm of LTAT…

Sentinel
20-05-2010, 11:12 AM
10% growth for Q1 versus a year ago and they melompat-lompat macam kera! Hey, somebody else hit 15.5% lah! Read HERE (http://www.themalaysianinsider.com/business/article/singapore-economy-soars-government-warns-of-asset-bubbles/) lah!

Sentinel
20-05-2010, 11:14 AM
Oh, Nothingham UK ….

That’s explain why there is a Malaysian campus here, and the big shareholder is Boustead – the investment arm of LTAT…
And who is going to be the beneficiary of that huge chunk of prime land called the OLD SUNGEI BESI AIRPORT? LTAT! :mad:

Sentinel
20-05-2010, 11:15 AM
I thot he cut short his studies when his father was ill? He did not graduate....

Even if he did graduate with an economic degree that does not make him an Economist; he is a career politician
Agree with you... thats why I put the letters "LOL" at the end of my post... :D

Tong
20-05-2010, 01:21 PM
To get the thread back on track... :)

My own situation is that I use my overseas income .. not a fortune by any means .. to support my living in Malaysia . Unfortunately the UK pound has devalued against the MYR by a massive 20% in 12 months.. So the cost of my rent, car, electicity, food and school fees etc. are all now 20% higher

I am sure that there are others similarly placed who are having to think twice about staying.

The cost of visiting Malaysia as a tourist/holidaymaker is now increased by the same which is a big enough amount to put off many people making repeat visits.

Its hard to understand the "positive spin" being put on this .. as others have said tourism will suffer .. exports will suffer .. I will suffer :mad: It's what you could call a lose-lose situation :D :D but if you want to go to Europe for a holiday then nows the time. ;)

Sentinel
20-05-2010, 02:00 PM
Well Tong, the only upside I see are that many parents need to send less (in Ringgit sense) to their children studying overseas for their expenses and tuition fees.

currymee
20-05-2010, 02:02 PM
Well Tong, the only upside I see are that many parents need to send less (in Ringgit sense) to their children studying overseas for their expenses and tuition fees.

Hmmm .... maybe that's why 1NAJIB is SO HAPPY, all his kids are studying overseas !!! :p :p :D

Sentinel
20-05-2010, 02:06 PM
Hmmm .... maybe that's why 1NAJIB is SO HAPPY, all his kids are studying overseas !!! :p :p :DFor all you know they MIGHT be on scholarships from CIMB, British American Tobacco and LTAT (Boustead)! LOL!

USJ27Resident
20-05-2010, 02:07 PM
Well Tong, the only upside I see are that many parents need to send less (in Ringgit sense) to their children studying overseas for their expenses and tuition fees.

Sentinel: another possibility is to reverse my earlier senario...

use 39 million ringgit ( commissions from some helicopter deal, perhaps? ) and buy 10 million euro... keep in swiss ac and sit tight for six months or a year perhaps... and wait till the Euro climbs back to its earlier in the year highs... ( will that happen - but of course! )

lose the upcoming general election, and you have all the money to finance either troubles or power grabs,... :eek: :rolleyes:

bslee
20-05-2010, 03:25 PM
Funny thing is... when in 1997 our currency was pegged at Rm3.80 from somewhat Rm2.40 to the US dollar..I observed many rakyat went hoo haa about how bad its going to be and scared of the future where price inflation of many goods will hurt everyone's purse. Of course prices went up and stayed till now, never really reduced. Like paint.. last time Rm70+..now RM100+..mana ada turun? Many imports are horrendously expensive compared to their origin.
Now after more than a decade when everything was tolerated and the Ringgit now gets stronger... I'm getting the drift that people ain't entirely happy about this phenomenon.. How leh?.... I'm somewhat confused.

cml
20-05-2010, 03:28 PM
Some of us have studied economics either in school or in varsity and what he says sure dont make sense. Maybe it is a deal to 'save' the americans from their deep**** that they have got themselves into. When they can get most of the asean/asian countries to revalue their currencies it would apply pressure on china who has been resisting the american efforts to get them to revalue their yuan. The americans are in the deepest **** that they have ever got themselves into and because the chinese together with the arabs and the japanese are holding the biggest amounts of their currency and bonds a revaluation would mean that their holdings would automatically drop by the percentage of the revaluation and for that they would not have to do anything. To put it simply if you paid 3.50 for a us dollar and if the value of your dollar is now 3.10 you are suddenly 40 cents poorer without having done anything!! I believe that this is a price that we are paying for being granted an audience with the great nation and the first man!!

Naka
20-05-2010, 05:06 PM
Some of us have studied economics either in school or in varsity and what he says sure dont make sense. Maybe it is a deal to 'save' the americans from their deep**** that they have got themselves into. When they can get most of the asean/asian countries to revalue their currencies it would apply pressure on china who has been resisting the american efforts to get them to revalue their yuan. The americans are in the deepest **** that they have ever got themselves into and because the chinese together with the arabs and the japanese are holding the biggest amounts of their currency and bonds a revaluation would mean that their holdings would automatically drop by the percentage of the revaluation and for that they would not have to do anything. To put it simply if you paid 3.50 for a us dollar and if the value of your dollar is now 3.10 you are suddenly 40 cents poorer without having done anything!! I believe that this is a price that we are paying for being granted an audience with the great nation and the first man!!

Makes sense reading your post.
:D :D

Sentinel
20-05-2010, 06:41 PM
Some of us have studied economics either in school or in varsity and what he says sure dont make sense. Maybe it is a deal to 'save' the americans from their deep**** that they have got themselves into. When they can get most of the asean/asian countries to revalue their currencies it would apply pressure on china who has been resisting the american efforts to get them to revalue their yuan. The americans are in the deepest **** that they have ever got themselves into and because the chinese together with the arabs and the japanese are holding the biggest amounts of their currency and bonds a revaluation would mean that their holdings would automatically drop by the percentage of the revaluation and for that they would not have to do anything. To put it simply if you paid 3.50 for a us dollar and if the value of your dollar is now 3.10 you are suddenly 40 cents poorer without having done anything!! I believe that this is a price that we are paying for being granted an audience with the great nation and the first man!!
And only after this Greek odyssey... "sovereign default" thats a new word I learn today... and when we see Portugal go down on its knees and Spain and then hell will break loose... don't think China with its trillions in reserve will be spared, its reserves are mostly in USD!!! Can't be ringgit, right?

cml
20-05-2010, 08:50 PM
If you look at the greek situation we are heading the same way albeit us to it . They have a huge civil service and a very generous pension scheme (does it not sound familiar?) Basically when they entered the eu they thought they were entering a very exclusive club and they were splurging and spending much more than they earned. For the last 7 or 8 years we have been in deficit and the deficit gets larger and larger and we are trying to spend our way out of recession. As such their costs of borrowing gets higher and higher and it has reached the stage where the lenders are only lending provided the greeks tighten their belts severely. We were fortunate that we had oil to act as a buffer but that is also shrinking so in time we will have to be earning our keep but if all the oil is gone and our economy is in a mess, nobody would be interested in investing and if no jobs are created all our graduates from our great universities can start looking for jobs as maids and construction workers. With proper management there is hope but no one in the ruling party give a hoot. They are all there to make hay while the sun shines and so before they can strip our country bare we should kick them out.

Sentinel
21-05-2010, 12:06 AM
If you look at the greek situation we are heading the same way albeit us to it . They have a huge civil service and a very generous pension scheme (does it not sound familiar?) Basically when they entered the eu they thought they were entering a very exclusive club and they were splurging and spending much more than they earned. For the last 7 or 8 years we have been in deficit and the deficit gets larger and larger and we are trying to spend our way out of recession. As such their costs of borrowing gets higher and higher and it has reached the stage where the lenders are only lending provided the greeks tighten their belts severely. We were fortunate that we had oil to act as a buffer but that is also shrinking so in time we will have to be earning our keep but if all the oil is gone and our economy is in a mess, nobody would be interested in investing and if no jobs are created all our graduates from our great universities can start looking for jobs as maids and construction workers. With proper management there is hope but no one in the ruling party give a hoot. They are all there to make hay while the sun shines and so before they can strip our country bare we should kick them out.
You forgot to also mention, like Greece, we have a big leakage from the economic system from CORRUPTION which had cost the country billions in inflated cost! Imagine a RM300 million overprice for the Shah Alam Hospital alone... dunno what else... we are in worse situation than Greece if you ask me - its just we have some buoyancy and temporary relief from oil and the high price of crude palm olein - otherwise long ago we par lin tao / par si kat already....

Now why do we just launch a RM6.5 billion Islamic Sukuk bond worldwide? If got money why borrow summore - only adds on to the budget deficit isn't it?

tupai
21-05-2010, 12:33 AM
Now why do we just launch a RM6.5 billion Islamic Sukuk bond worldwide? If got money why borrow summore - only adds on to the budget deficit isn't it?

ponzi skim lah...gomen guaranti lah.
gali1hole cover the other 1lubang :D

Yang Berminat ponzi latotupai :p

AllUrban
21-05-2010, 12:22 PM
Well Tong, the only upside I see are that many parents need to send less (in Ringgit sense) to their children studying overseas for their expenses and tuition fees. likely fuelling a growth of the brain drain as well - spend RM4000 per year to educate a kid until SPM, then spend RM30,000 for 4 years of university and at the end of it all, they dont come back.

Malaysian economy loses billions.

Cheers, m

robertec
21-05-2010, 01:18 PM
Ever since the newspapers started highlighting the strong Ringgit, it has fallen against most currencies. As for the USD by as much as 10sen.

I think that the papers highlighting that there is a shortage of foreign currency notes from the Money changers is making the situation worse.

USJ27Resident
21-05-2010, 02:22 PM
Ever since the newspapers started highlighting the strong Ringgit, it has fallen against most currencies. As for the USD by as much as 10sen..

knew this would happen...

the manufacturers oso been whining about their export value too...

classic case of counting the chickens before the eggs hatches... now - eggs getting rotten.... :p

http://www.bnm.gov.my/index.php?ch=12&pg=629 check out yesterday's spike in all currencies 'cept the AUD$/NZ$....

best part, the money changers have upped their selling prices but still keeping their LOW buy rates... real leeches... :mad:

Sentinel
21-05-2010, 06:21 PM
Yup... the market fell for the 6th day in a row... read it HERE! (http://www.themalaysianinsider.com/business/article/kl-market-continues-fall-amid-euro-zone-fears/)

bslee
21-05-2010, 07:43 PM
knew this would happen...
the manufacturers oso been whining about their export value too...


How come they never whine before 1997 when it was RM2.40 to the dollar?. They already had a good ride for more than a decade..so good times have to end sometime or other.
Hard to please lah... go up or go down oso not good...cheh!

Sentinel
21-05-2010, 08:07 PM
How come they never whine before 1997 when it was RM2.40 to the dollar?. They already had a good ride for more than a decade..so good times have to end sometime or other.
Hard to please lah... go up or go down oso not good...cheh!
C'mon lah, forex rate is a dynamic thing, not static, and you don't take 1 USD : RM2.40 a decade ago and compare over a time period today (13 years later) at 1USD : RM3.28 just like that lah. That could even have been devaluation of some kind along the way and that must be factored in.

When the USD was RM2.40, Malaysia has a decade of strong economic growth (and thats real growth) for close to a decade!

A manufacturer would definitely whine because his goods become more costly compared vis-a-vis his competitors from Taiwan, Indonesia, Vietnam or whichever country. He priced his goods in USD competitively, I am sure, but somehow he cannot compete anymore because the currency strengthen, of course he will whine, won't you?

Sentinel
22-05-2010, 12:28 AM
If the economy is so resilient and strong and the country is on solid ground, then tell me why is the government so eager and desperate to launch and implement the GST at the risk of a political backlash?

Why so desperate to push the sports betting licence to Ascot (aka Berjaya)? To fill up its war chest?

Why so desperate to up fuel prices and remove the road toll subsidies?

Read here in the report filed by REUTERS. (http://blogs.reuters.com/davidchance/2010/05/21/qa-malaysia-govt-to-meet-on-subsidy-reform/)

bslee
22-05-2010, 12:16 PM
Simple, well in a way war chest filled with goodies to salivate voters at by-elections.. where the heck is the $$ coming from..tax payers of course, rob peter to pay paul...and the vicious cycle continues. Its clear...THERE MUST BE funds for tasty GOODIES AND CANDYS... Seen some people sulking or crying in happiness on TV?... Booo HOooooo!... after getting blah blah after sooooooo longgggggg as if they were so forgotten and all God sent.
The multi millions or billions are certainly not part of the annual budget.

tupai
22-05-2010, 12:23 PM
hahahhaha...its great to be in power. Can do anything I like.


Where's the money coming from? U gys miss out another great source of 'free money' to the gomen.

All the Amanah Saham Sukuk, IMalaysia Bond this &that...All Ponzi skim endorsed and supported by the gomen...I want $$$$ I issue 1Amanah Saham with say 5% dividends then upon near maturity, I issue anuther Amanah 1Sukuk to pay 1Amanah saham..and so on and so forth....Great skim innit? :p

Then again, as long as the bolehland dont get runover by the Thais or the Kiasu-people, your money shoudl be safe..unless of course, we go the greek way or worst, Zeus forbids! the zimbabwe way :eek:

Yang Beli saham Ponzi latotupai :cool:

Sentinel
22-05-2010, 12:31 PM
Scratching my head wondering why 1PM in Singapore for three long days on a "working visit" and not an official visit? Lemme guess... mau jual pasir kah?

USJ27Resident
22-05-2010, 12:52 PM
Scratching my head wondering why 1PM in Singapore for three long days on a "working visit" and not an official visit?

if official visit.... mebbe wife wud insist to follow ;) .... that, I dun think he wants or Singapore wants... :p plus - can sneak into Sentosa Island for a round at the casinos... who knows... the ringgit is strong mah... (so says he...)

cml
22-05-2010, 12:52 PM
Maybe borrow money or con-vince them to invest in iskandar since the arabs are all in deep trouble and are not coming. Since they have their universal studio who would want to come to our lego land?

tupai
22-05-2010, 05:03 PM
it takes only a peabrained animal like Yang Bodoh to know that iskandar is to spore is shenzen to hkong.

There is No need to go gaga over the 'shiok sendiri signing mou only' with the arabs lah...HAHHAhahaha!

Your Bolehlander so-called 'leaders; should learn to recognise the color of money, NOT nationalities or races lah! BODOH!

Yang Bodoh latotupai :eek:

USJ27Resident
22-05-2010, 08:06 PM
Your Bolehlander so-called 'leaders; should learn to recognise the color of money, NOT nationalities or races lah! BODOH!

Yang Bodoh latotupai :eek:

Tupai Esql. ...(hahhaa... esquire+squirrel = added honorific) can't blame ém when they have people like Ibrahim Ali and others... hollering about race and nationalities... :rolleyes:


ps: always loved the color of purple... :p

1. A man or boy who is a member of the gentry in England ranking directly below a knight.
2. Abbr. Esq. Used as an honorific usually in its abbreviated form, ..

cskok8
23-05-2010, 07:08 PM
Now why do we just launch a RM6.5 billion Islamic Sukuk bond worldwide? If got money why borrow summore - only adds on to the budget deficit isn't it?

The 1PM say it is only for bench-marking purpose only. We don't really need the money :cool:

USJ27Resident
23-05-2010, 08:11 PM
The 1PM say it is only for bench-marking purpose only. We don't really need the money :cool:


ok.... go find a bench in the park, and pee on the leg..... bench marked oredi!

sheeeeesh!!!

these people really think they are Peter Pans and live in Never Never (happens to them) land.... :rolleyes:

People are suffering la....

Sentinel
23-05-2010, 09:00 PM
The 1PM say it is only for bench-marking purpose only. We don't really need the money :cool:Benchmarking? CIMB Islamic Bank gets 2% (thats 0.02 x 6,500,000,000 in underwriting commision = RM130,000,000) is for benchmarking? :eek: Only the rural folks will believe that 1PM!

USJ27Resident
23-05-2010, 09:53 PM
Benchmarking? CIMB Islamic Bank gets 2% (thats 0.02 x 6,500,000,000 in underwriting commision = RM130,000,000) is for benchmarking? :eek: Only the rural folks will believe that 1PM!

Bro... wayyyy to go... you've just caught the 1PM red handed - literally giving his brother free money... TALK ABOUT BEING CREATIVE... I would have never seen this side of the frying pan.... and neither would most of us Malaysians... damn....!!!

So bench marking was right after all - we (the taxpayers) are the bench and the Govt pee'ed on us !! :mad:

tupai
24-05-2010, 07:36 AM
...
1. A man or boy who is a member of the gentry in England ranking directly below a knight.
2. Abbr. Esq. Used as an honorific usually in its abbreviated form, ..

I digress. In Tupailand, there is no honorific. We have horrorifics.
Besides, Esquire sounds like a damn wimp! A wet blanky. A sop! A kiasu-kia-si smooth hand, ivory skinned poofish twiggy of a Ka-toi! :eek:

Back to d topic:

Quote:
Originally Posted by Sentinel
Benchmarking? CIMB Islamic Bank gets 2% (thats 0.02 x 6,500,000,000 in underwriting commision = RM130,000,000) is for benchmarking? Only the rural folks will believe that 1PM! ~ unquote.

Guess who are the rm6.5B subscribers then? hahahahah! Duh pendatangs lah! Borrow from Ah Goo to pay Ah Gong :eek: Then borrow from Ah Sor to pay Ah Thin :eek: so on & so forth, the Pendatangs will spiral. A viciously clever circle indeed by your clever gomen. ;)

Yang Bo-Lui latotupai :o

AllUrban
24-05-2010, 10:53 AM
Scratching my head wondering why 1PM in Singapore for three long days on a "working visit" and not an official visit? Lemme guess... mau jual pasir kah?well, they are planning to 'talk' about moving the KTM station from Tg. Pagar up to Kranji (as I recall)...

Any idea how much that station land and the track up to Malaysia is worth????? :eek: And how much it is worth to the Singapore Government????? :eek: And how much it is worth to TDM to have Malaysia keep the land????? :eek:

Cheers, m

cml
24-05-2010, 11:24 AM
So something is up in the air after all. no surprises who will come out of this the winner.

currymee
24-05-2010, 11:37 AM
I have a feeling it will be like:

1) Joint development as per POA - 60:40 - ultimate ownership will revert to Spore - Msia get standard Spore 999 years lease instead of the CURRENT freehold/forever.

2) KTM stops at Iskandar or nearby JB, and there will be an MRT connection into Spore.

3) Spore will invest the equivalent of land value into Iskandar

4) SPore gets water for another 100 years - price will DOUBLE per 1000 gallons but still lot less than NEWATER production .... so both sides happy ....

5) Biggest winner of all - SPore - LAND and WATER, while Msia gets MONEY that will be squandered and lose its value with time .... :rolleyes: and of course the expected wang lesap (commission) to whoever ....

Sentinel
24-05-2010, 11:54 AM
6) and allow our squadrons of F16 Falcons access into Johor airspace;

7) Malaysians from West Malaysia still cannot withdraw their CPF until they reach 55;

8) Malaysia must supply 48 million sq cubic metres of marine / dumping sand per year for S'pore's land reclamation;

9) Malaysia will also not lay claim to Laksa, Chilli Crab and Char Kuey Teow as Malaysian national heritage;

10) Port of Tg Pelepas must expand northward and not otherwise.

"BTW Najib my brader, can you pay us some royalty for this 1-Malaysia thing you are promoting ah? Hey, you copied our idea lah, look HERE! (http://www.youtube.com/watch?v=piF_2PQSkBM) we did this 21 years ago. Aiyah, compensate us a little lah, my boys are not happy you guys took our idea lah, maybe the sand thing, 10 million cubic metres free lah.... OK or not?" - PM Lee Hsien-loong

Hiliary
24-05-2010, 03:00 PM
a dumas might lay claim to the original?

AllUrban
24-05-2010, 04:34 PM
I have a feeling it will be like:

1) Joint development as per POA - 60:40 - ultimate ownership will revert to Spore - Msia get standard Spore 999 years lease instead of the CURRENT freehold/forever.

2) KTM stops at Iskandar or nearby JB, and there will be an MRT connection into Spore.

3) Spore will invest the equivalent of land value into Iskandar

4) SPore gets water for another 100 years - price will DOUBLE per 1000 gallons but still lot less than NEWATER production .... so both sides happy ....

5) Biggest winner of all - SPore - LAND and WATER, while Msia gets MONEY that will be squandered and lose its value with time .... :rolleyes: and of course the expected wang lesap (commission) to whoever ....Well, we will find out the full details soon enough:

*Najib-Lee meet expected to resolve KTM land issue (http://thestar.com.my/news/story.asp?file=/2010/5/24/nation/6325387&amp;sec=nation)</a> (The Star);

*KTM Tg Pagar station will move to Woodlands in S'pore July 1, 2011 (http://thestar.com.my/news/story.asp?file=/2010/5/24/nation/20100524150610&amp;sec=nation) The Star

*KTM to move station to Woodlands (http://www.nst.com.my/nst/articles/KTMtomovestationtoWoodlands/Article/) (NST)

Cheers, m

cml
24-05-2010, 04:49 PM
I thought it was our land. Why do we have to give up 40% to them?

AllUrban
24-05-2010, 04:56 PM
I thought it was our land. Why do we have to give up 40% to them?hheheheh we dont 'have to' but some members of the M'sian government have agreed to...so they can get revenue from the Sentosa casinos and future developments in the area, plus 'blame' S'pore for rapaciously demanding the land (while Singapore will 'hang' their collective heads in 'shame')

Besides, from what I can see most of the people coming from M'sia get off at Woodlands and take a taxi or bus to the nearest MRT station.

Cheers, m

Sentinel
24-05-2010, 06:27 PM
Whatever makes you guys think the 40% is gonna be for Malaysian GOVERNMENT ie RAKYAT PROPERTY?

The idea of the Tanjung Pagar land was initially Daim Zainuddin's during Tun Dr M's tenure, go figure!

gtl
24-05-2010, 10:12 PM
the KTM land is a big pot of gold....i am not surprise they r willing to collaborate with the sgp govt.

zinglicious
24-05-2010, 10:40 PM
Akin to Udang disebalik batu.

gtl
25-05-2010, 09:25 AM
do u think TDM will make a ruckus?

cml
25-05-2010, 09:52 AM
Its not his call anymore. He and his cronies have impoverished us enough already.

xaviers
25-05-2010, 11:31 AM
After this we will be left with no more bargaining chips.

Sentinel
25-05-2010, 12:12 PM
After this we will be left with no more bargaining chips.What else do you want from Singapore? The West Malaysians' CPF withdrawal? Sudah lama selesai lah brader... diam-diam sahja!

xaviers
25-05-2010, 02:29 PM
What else do you want from Singapore? The West Malaysians' CPF withdrawal? Sudah lama selesai lah brader... diam-diam sahja!

oh tu macam saya tak tahu la.....saya ketinggalan zaman la.

USJ27Resident
25-05-2010, 03:29 PM
I have a feeling it will be like:

2) KTM stops at Iskandar or nearby JB, and there will be an MRT connection into Spore.

3) Spore will invest the equivalent of land value into Iskandar....


woah.... did you read todays papers, yesterday!!!

you almost got your predictions correct... especially about the railways stations vis vis land investments figures...

cml
25-05-2010, 04:03 PM
Iskandar cannot fail but at the rate it is going it will be a gigantic flop and if the singaporeans do not come it, it will not take off with the arabs now gone or maybe they were never in , inthe first place. So we have to give something up to be able to get them to put their money in and for them it would be good since they have no more land to build on and they are going to build a huge geriatric , oops wellness facility in iskandar. This is the only way that we can get them to come in. Actually there are other ways but then our oxford and cambridge experts or is it nottingham couldnt be bothered and choose the way that spore would like us to go and we followed.Led by the nose so to speak.

tupai
25-05-2010, 06:05 PM
APA ni? Kita kowtow bagi dia orang? Cina punya singapura? Huh? Iskandar kita punya...Kita mahu orang arab! bukan cina simgapura!

APA? Iskandar sebagai shenzhen? Mana boleh! ini tanah air!

APA ni? lagi kena bagi air sama dia? Kita mahu tutup paip aje!

APA ni? tanah air KTM bagi tukar sama dia? Mana boleh? Tanah air kita! Tanah bumi!

APA? nak pasir lagi?*

APA? lebih kurang 300,000 (tolak seratus dua) rakyak malaysia kerja disana? tapi duduk di johor? Mana Boleh? ;)

"...and the coward shalt retreat with his tail between his hind legs..." so predicted Mighty Nibokanizer.

Yang Beli saham spore latotupai :p

p/s Trevial pursuit: do u know tat spore bought mountains of sand from Manado? shipped 'em beach sand mountains, by the hundreds of barges. :eek:

robertec
25-05-2010, 06:24 PM
The subject is

"A strong ringgit is good for the Economy", look at what it has become... "off-side" - we should split the thread.

No wonder the Ringgit has dropped from 3.312 to 3.368 against the US$ in just one day.
The Ringgit has lost more than 5% against the US$ in 1 week.

What strong Ringgit?

Sentinel
25-05-2010, 06:33 PM
p/s Trevial pursuit: do u know tat spore bought mountains of sand from Manado? shipped 'em beach sand mountains, by the hundreds of barges. :eek:
Yes Tupai, only 300m barges... these are tracked by satellite too for your info, just in case some old man accuse them wrongly of buying Malaysian sand. Most of the sand from July onwards will be shipped from Cambodia.

But they are more interested in the sand at the mouth of the Linggi River in NS coz it will cost them only half the cost per cubic metre! Right now, barging cost is more than the cost of the sand they pay - sand is about USD7.50-8.00 per cubic metre in Cambodia but barging is USD15-16 per cubic metre. Imagine 60 million cubic metre per year for next 20 years???

tupai
25-05-2010, 08:09 PM
The subject is

"A strong ringgit is good for the Economy", look at what it has become... "off-side" - we should split the thread.

No wonder the Ringgit has dropped from 3.312 to 3.368 against the US$ in just one day.
The Ringgit has lost more than 5% against the US$ in 1 week.

What strong Ringgit?

Ringgit is but a collateral gainer & also a collateral loser. Nothing to do with 1Pm or his gomen directly per se lah.

On the currency note: Whah! :eek: despite the red shirt/yellashirts/green camo/topless konfrontasi, the LOS Baht gained on the linggit lah! :rolleyes:
...defy logic betul betul! baht100=Rm10.35 money changer rate. bank lagi teruk! :eek:

Yang Baht beli sikitsikit latotupai :o

cskok8
25-05-2010, 11:33 PM
The subject is

"A strong ringgit is good for the Economy", look at what it has become... "off-side" - we should split the thread.

No wonder the Ringgit has dropped from 3.312 to 3.368 against the US$ in just one day.
The Ringgit has lost more than 5% against the US$ in 1 week.

What strong Ringgit?

What goes up must come down. What goes down usually comes up; except maybe faulty submarines.
;)

currymee
26-05-2010, 06:58 AM
.....

No wonder the Ringgit has dropped from 3.312 to 3.368 against the US$ in just one day.
The Ringgit has lost more than 5% against the US$ in 1 week.

What strong Ringgit?

Already said, what happens to the RM now in the forex has got nothing to do with our economy, 1PM, NajibCONomics, etc etc ... it is all the global forex market forces at play :rolleyes: :rolleyes:

USJ27Resident
28-05-2010, 04:38 PM
I just realised that ever since that article about the STRONGER RINGGIT came out - it has slid and lost most of it gains from most currencies... (exceptions to the AUD&NZD)

And probably all the talk about the subsidies cuts and whatnots is gonna drastically affect its value....

Time to stock up on forex again... ;)