OK, snapping back to reality after lights were bright.
Some of us who are financially aware may ask, "How is our economy now since the new government is taking over for almost 5 months?" Well, rather than finding our ex-prime minister's simplistic view on our macro economy by correlating oil price and MYR strength (read it here), amuzing (he did write a detail explanation though...), this is my take on Malaysia general economy situation.
Let's kick start with consumer expectation,
Unemployment rate and industrial production remained constant for this 5 years period while manufacturing PMI finally expended from contraction since early of 2018. Our weakening Ringgit versus USD is actually helping us, an export oriented country, if foreign investment is still confident on us over our unstable political situation and the infamous 1MDB case. Rising industrial production? I take it as bottom out. How about our central bank interest rate then?
|as of 27 Sep 2018|
This is my personal opinion as a concerned citizen and I don't trade local market. If you are trading or investing Malaysia market, DO YOUR OWN STUDY and don't ask me what to buy or sell because I have mentioned it above. This simple article was meant to share my view and probably some comment from my reader so that we could exchange thought on finance, economy or anything else.