Malysian Debts rating to be downgrade!!!

[zinglicious]

This report looks depressing in preception by a financial institution though we are promised by the PM to keep the debts balance in check. .

This comes after some economists said that the Malaysian gomen’s debt, which nearly doubled since 2007 to RM421 billion, poses a fiscal risk to the country if not managed carefully as it impairs Malaysia’s resilience to economic shocks, which appear to be occurring with increasing frequency.

While Ah Jib Gor has vowed not to let federal government obligations exceed 55 per cent of the country’s GDP, there is increasing worry that when government-backed loans or “contingent liabilities” are taken into account, the government’s total debt exposure rose to about 65 per cent of GDP last year.

[cskok8]

Is anyone surprised?

[Rhiga]

Yes, I am surprised...

Surprise why only now, should be much earlier !!

[cml]

All good things must come to an end and the end is coming. First they will extend your retirement age and when you are near your retirement age they extend it again and when it is time to take your money they will decide to give you your money in instalments under the guise that you cannot manage your own money properly. It is all coming.

[Henry T]

Earlier when the debt was at 53% they say don't worry, it hasn't reach 55% which is the cap. Since it is now at 65% maybe they'll say don't worry it hasn't reach 85% yet.

Of course they won't worry. There is still plenty of $$$ in EPF to borrow from.

[tupai]

as long as the bolehsovereign debt is still serviceable, then semo ok. Unlike 'em PIIGS (so called developed countries sumore!) failing left & right with lazy, over spending & spoonfed citizentry. Or maybe this is also where the bngomen is probably benchmarking from lah...

Point of interest: The bajau family living 3/4time on their sampan boathouse and 1/3 time on dilapidated attap house on land, has nary a care about all those thing$, that we with Rm1000-RM100000000000asset suffer sleepless nites from. They are happy with the 5tuna caught everyday in crystal sea, blue skies and cottony clouds above..What that say?

Releks be happy...nothing is enuff.

Yang Amat Bertuah ToonIstimewaUtama xlatotupai

[zinglicious]

While the Europeans Union countries are serving PIGS - we are serving NFC Bull burgers.
I wonder why Ah jib Gor dun come up to clarify this damaging statement?

[Naka]

Whoever governs the country after the coming election will have a tough time ahead for at least 2 years.

With no $$$$$$$$$$$ in the Gahman's kitty, there will lots of frustrations, anger, politics 24/7/365 & of course jumping frogs.

The rich and influential ones are damn scary of such a situation.

[cml]

No matter what happens there is really nothing that we cannot overcome. I remember many years back i was put in charge of a company where the gm and finance manager ran away with a lot of money and the owner was jumping mad. so mad that he told me that he was not going to give us a sen, we have to be self sufficient even though I went in after they were gone but the owner was very firm. I had suppliers banging tables and stopping supplies but I had to take the bull by its horns and talked to all our suppliers. The good thing was that there was still business going on and we had some cash flows. The first 6 months was tough but when things settled down , with prudent spending and careful cash management we managed to pull through and turned around the company. Of course we are a country and things are much more complex but if done properly i think it can surely be done.

[zinglicious]

Whoever governs the country after the coming election will have a tough time ahead for at least 2 years.

With no $$$$$$$$$$$ in the Gahman's kitty, there will lots of frustrations, anger, politics 24/7/365 & of course jumping frogs.

The rich and influential ones are damn scary of such a situation.

Nope, the rich and famous are just a airticket away to Downunder or Olympic while the rakyat would be scary how much the food gonna to cost with GST or when the petrol , gas and eletrik gonna to naik..........

[kuma]

Is anyone surprised?

What's surprising to me....... is that a Thread like this one - which I'd suppose "should?" bear significant relevance to most of the Forumers here.....is relegated from the 'Main' to a less significant category like Chatterbox....and even before any significant 'Chatter' had begun

Then again, it might even be construed as 'offensive' to categorise a such a 'topic' to category termed as "Chatterbox" .....

What's surprising to me,..... is how a Forum discussion amongst Bolehlanders on a topic like 'Malaysian Debts rating to be downgrade' amounts to CHATTER?

Webster's defines 'Chatterbox' as "one who engages in much idle talk"

[zinglicious]

It is been downgraded just like the debts ratingsin Bolehland.

[kuma]

It is been downgraded just like the debts ratingsin Bolehland.

Then we must 'upgrade' the 'downgrade'

Now this is 'Chatter'

[CS Chua]

Should I convert my ringgit to Singapore dollar before they downgrade it? It is 2.50 now without much interest. If it can go to 3.0, it is worth it, even without the interest. Right?

[cml]

It is a worthwhile consideration. Its more than 2.5 now.