The document provides an overview of Malaysia's current economic condition based on key economic indicators. It summarizes that the economy is facing challenges as unemployment is projected to rise to 4.5% by the end of the year, GDP growth has contracted by 3.9% over the last four quarters, and FDI inflows have decreased significantly. While the business and consumer confidence index has recovered, declining global economic conditions may cause it to fall again. The overall assessment is that Malaysians should brace themselves for a difficult economic environment in the coming months and exercise caution with spending.
1. The consequences of high government expenditure and rising debt on Malaysian Economy.
1.1 Executive Summary
2. Discussion of topic chosen with the aid of diagram
2.1 Consequences of rising government expenditure towards Malaysia’s Economy
2.1.1 Low GDP growth rate
2.1.2 Explanation of government debt
2.1.3 Outlook government debt towards Malaysia’s economic growth
3. Identify and highlight economic concepts exhibited in the article.
3.1.1 Government Budgeting and Fiscal Policy
3.2 Aggregate Demand
3.3 Review on Aggregate Supply
3.4 Conclusion
4.0 Conclusion
This report draws on over 10,000 interviews with business leaders as well as economic forecast data to better understand the growth opportunities and challenges facing dynamic companies over the next 12 months.
This slide will show to public what is the plan toward to Malaysian economic figure in 2013. The detail information about every sector and sub-sector also will showed in this slide to everybody know the real figure of Malaysian economic flow.
1. The consequences of high government expenditure and rising debt on Malaysian Economy.
1.1 Executive Summary
2. Discussion of topic chosen with the aid of diagram
2.1 Consequences of rising government expenditure towards Malaysia’s Economy
2.1.1 Low GDP growth rate
2.1.2 Explanation of government debt
2.1.3 Outlook government debt towards Malaysia’s economic growth
3. Identify and highlight economic concepts exhibited in the article.
3.1.1 Government Budgeting and Fiscal Policy
3.2 Aggregate Demand
3.3 Review on Aggregate Supply
3.4 Conclusion
4.0 Conclusion
This report draws on over 10,000 interviews with business leaders as well as economic forecast data to better understand the growth opportunities and challenges facing dynamic companies over the next 12 months.
This slide will show to public what is the plan toward to Malaysian economic figure in 2013. The detail information about every sector and sub-sector also will showed in this slide to everybody know the real figure of Malaysian economic flow.
Slowdown in Chinese Economy and its Impact on the Worldinamdaramaan
This presentation includes the overview of the causes and impact of Chinese slowdown and throws some light on future possibilities which can occur and main concerns to worry about.
Business proposal for Construction industry of UAEKratiJain53
A detailed analysis of the construction industry of UAE, its growth opportunities, current trends, SWOT and PESTLE analysis followed by business proposal and conclusion.
Session 2 tanaka trade and investment in cambodiantuperc
The objective of this chapter is to document a pattern of international trade and FDI in Cambodia. First, I start to briefly review the Cambodian economy in recent decades. Second, I describe a recent trend in export and import in goods and illustrate the pattern of exports and imports disaggregated by major partner countries and major commodities. Describing a trend in inward FDI, I also show the pattern of inward FDI disaggregated by major home countries and industrial sectors. As the overall trend in trade and FDI indicates the large role of garments and footwears, I describe the garment and footwear sectors in more detail.
Specifically, I use the Cambodian economic census for 2011 to describe the size of these sectors in manufacturing sectors and the pattern of trade and inward FDI in these sectors.
China's economy: slowing distorted and debt-addictedRBS Economics
China's economy is slowing. It's policy makers are having to contend with a massive debt-fuelled investment binge and the need to implement necessary reforms to rebalance the economy.
Senior Economist Marcus Wright goes behind the headlines with this stock take that sets out the main economic challenges facing China.
Slowdown in Chinese Economy and its Impact on the Worldinamdaramaan
This presentation includes the overview of the causes and impact of Chinese slowdown and throws some light on future possibilities which can occur and main concerns to worry about.
Business proposal for Construction industry of UAEKratiJain53
A detailed analysis of the construction industry of UAE, its growth opportunities, current trends, SWOT and PESTLE analysis followed by business proposal and conclusion.
Session 2 tanaka trade and investment in cambodiantuperc
The objective of this chapter is to document a pattern of international trade and FDI in Cambodia. First, I start to briefly review the Cambodian economy in recent decades. Second, I describe a recent trend in export and import in goods and illustrate the pattern of exports and imports disaggregated by major partner countries and major commodities. Describing a trend in inward FDI, I also show the pattern of inward FDI disaggregated by major home countries and industrial sectors. As the overall trend in trade and FDI indicates the large role of garments and footwears, I describe the garment and footwear sectors in more detail.
Specifically, I use the Cambodian economic census for 2011 to describe the size of these sectors in manufacturing sectors and the pattern of trade and inward FDI in these sectors.
China's economy: slowing distorted and debt-addictedRBS Economics
China's economy is slowing. It's policy makers are having to contend with a massive debt-fuelled investment binge and the need to implement necessary reforms to rebalance the economy.
Senior Economist Marcus Wright goes behind the headlines with this stock take that sets out the main economic challenges facing China.
Read and follow the top economic indicators for Vietnam, M&A activity, and major developments in finance, banking, and legal. Published Monthly with contribution from LNT & Partners Law Firm.
My country UAE No reflection UAE relies heavily on the busin.docxgriffinruthie22
My country UAE No reflection
UAE relies heavily on the business of oil and tourism; they are providing 5.8 percent of the oil to other countries in the world. Saudi Arabia is the biggest provider and seller of oil in the world. UAE is earning money by transportation and tourism, the pandemic has a drastic effect on the economy already and the transportation is ban as there are many cases in UAE, the country earned 19.5 $ billion in 2019 by air transportation and it is around 5% percent of GDP last year. It is expected that the UAE GDP will reduce to 2.5 % this year. It is noted that the Dubai Financial Market (DFM) index is reduced to 2.36 percent (40.79 points) to 1,682.08, while the Abu Dhabi Securities Exchange (ADX) dropped 2.18 percent to 3,676.46 points. "The government is making plans to announce financial support and the firms have a chance to receive additional debts.
The import and export figures of Gold are very important for UAE because UAE is the major country to import the unwrought gold and they export it in semi-worked and jewelry form that is 25 percent of their total export. The import and export can affect the economy as there is no trade going on in the world, India is on top to purchase the Gold from UAE. If the Gold prices push higher and the rupee falls the major threat is that Indian migrant workers would stop investing in the business. They are many in numbers and if they would send their money to home instead of investing it will reduce the import and export.
The Oil prices are dropping and the import and export reduction can result in dropping the currency value of UAE, they are earning money by tourism and air transport the pandemic already reduces the activities so there are many chances that the currency of UAE would badly fall if they would not control the pandemic on time. Tourism and Air transport is a total of 11 % of the total GDP of the UAE, it can drastically fall. The companies and banking sector are already affected so there are many chances the currency may lose its value. UAE have to reduce their tourism and air transport prices to overcome such issues in time.
Measures
UAE has to take serious steps to overcome such issues, the biggest issue can be unemployment because of a reduction in trade and tourism. The UAE government should focus on making plans to help needy people and employers who lost their jobs, the countries like the USA and Denmark are creating a trillion dollars budget for the people who lost their jobs. UAE has the most job holders are from India and Pakistan if they delay the budget plan the companies can be turned off eventually.
To overcome the pandemic and economic issues, they must focus on giving people relief so they can again in UAE for its prosperity. The banking sector must give the companies relief packages for loan repayment and they must give them additional packages to employers and companies to overcome financial issues. Top companies in the UAE must receive additio.
My country UAE No reflection UAE relies heavily on the busin.docxroushhsiu
My country UAE No reflection
UAE relies heavily on the business of oil and tourism; they are providing 5.8 percent of the oil to other countries in the world. Saudi Arabia is the biggest provider and seller of oil in the world. UAE is earning money by transportation and tourism, the pandemic has a drastic effect on the economy already and the transportation is ban as there are many cases in UAE, the country earned 19.5 $ billion in 2019 by air transportation and it is around 5% percent of GDP last year. It is expected that the UAE GDP will reduce to 2.5 % this year. It is noted that the Dubai Financial Market (DFM) index is reduced to 2.36 percent (40.79 points) to 1,682.08, while the Abu Dhabi Securities Exchange (ADX) dropped 2.18 percent to 3,676.46 points. "The government is making plans to announce financial support and the firms have a chance to receive additional debts.
The import and export figures of Gold are very important for UAE because UAE is the major country to import the unwrought gold and they export it in semi-worked and jewelry form that is 25 percent of their total export. The import and export can affect the economy as there is no trade going on in the world, India is on top to purchase the Gold from UAE. If the Gold prices push higher and the rupee falls the major threat is that Indian migrant workers would stop investing in the business. They are many in numbers and if they would send their money to home instead of investing it will reduce the import and export.
The Oil prices are dropping and the import and export reduction can result in dropping the currency value of UAE, they are earning money by tourism and air transport the pandemic already reduces the activities so there are many chances that the currency of UAE would badly fall if they would not control the pandemic on time. Tourism and Air transport is a total of 11 % of the total GDP of the UAE, it can drastically fall. The companies and banking sector are already affected so there are many chances the currency may lose its value. UAE have to reduce their tourism and air transport prices to overcome such issues in time.
Measures
UAE has to take serious steps to overcome such issues, the biggest issue can be unemployment because of a reduction in trade and tourism. The UAE government should focus on making plans to help needy people and employers who lost their jobs, the countries like the USA and Denmark are creating a trillion dollars budget for the people who lost their jobs. UAE has the most job holders are from India and Pakistan if they delay the budget plan the companies can be turned off eventually.
To overcome the pandemic and economic issues, they must focus on giving people relief so they can again in UAE for its prosperity. The banking sector must give the companies relief packages for loan repayment and they must give them additional packages to employers and companies to overcome financial issues. Top companies in the UAE must receive additio ...
Highlights
• Economic slump has bottomed out – expect slow recovery ahead
• 2009-10 growth forecasts will be revised upwards by most as the year progresses
• Expectations of global growth resurgence fuels commodities and crude prices
• Dollar dives, rupee surges to 47 - more trouble for exporters ahead
• Fuel price deregulation on the cards
• But all is not well – and overheated stock markets need to cool a bit
India: Kal, aaj aur kal
The numbers all seem to be looking up, the stock markets all seem to be rising once again, and cheer is back. There is spring in the air. One wonders what happened suddenly to make everything so nice. Anyhow, things as predicted are improving – largely because of heavy government interventions internationally. The lower interest rates in India are also starting to have their impact – this was all predicted, as interest rate reductions take some time to play out. But what is also predicted is that things will take a few months more to stabilise - we estimate growth for this financial year to be an unexciting 6.6%.
Thailand Blockchain Community InitiativeRein Mahatma
“Thai Economy: The Current State and the Way Forward”
Keynote Address by Dr. Veerathai Santiprabhob
Governor of the Ban of Thailand
Nomura Investment Forum Asia 2018
5 June 2018 / Singapore
In the current issue of Economy Matters, we analyse the growth trends emanating out of China, Japan and US, in the section on Global Trends. In Domestic Trends, data trends in IIP, inflation and trade are analysed. The Sectoral Spotlight for this issue is on ‘Employment Potential of the Road Transport Sector’. In Focus of the Month, we evaluate the three recently released reports by DIPP, World Bank and World Economic Forum on State of Competitiveness in India.
South Africa’s growth outlook has improved, but this is largely due to short-term cyclical factors. structural reforms are needed to push the growth rate sustainably higher.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Malaysia Economic Current Condition 09 Overview: Is it good or bad? Is this your current perception? 2
3. Malaysia Economic Current Condition 09 Overview: Is it good or bad? Our economy growth relies on export or demand of our goods mainly from the economic Giants of United States, Japan and Singapore (*1). So in layman’s term, If they were to suffer from a cold….is as contagious as H1N1 Flu. 3 1. BNM-Quarterly BOP Statistics, Aug 09
4. Malaysia Economic Current Condition 09 Overview: Is it good or bad? To understand better of our current economic situation. Lets take a look at our national economic indicators : Unemployment Rate GDP Growth FDI and DI Growth Purchasing Power Parity Business / consumer confidence 4
5. Malaysia Economic Current Condition 09 1. Unemployment Rate News Flash: Unemployment rate 2008 – 3.7% Projected rate 2009 – 4.5% The highest rate ever recorded. July 2009 – 38,732 retrenched. 40,662 took pay cut. 4,112 temporary lay off. What about the unrecorded data? 5 2. The Star Online – August 14, 2009
6. Malaysia Economic Current Condition 09 1. Unemployment Rate U.S. Employers Cut More Jobs Than Forecast US Employers cut more jobs than forecast last month and the unemployment rate rose to a 26-year high, calling into question the sustainability of the economic recovery. The unemployment rate rose to 9.8% (*3) , the highest since 1983, from 9.7 percent in August, the Labor Department said today in Washington. Federal Reserve Chairman Ben S. Bernanke yesterday said the expansion may not be strong enough to “substantially” bring down unemployment, indicating that the US central bank will be slow to drain the trillions of dollars it’s pumped into the economy. US-based and multinational companies operating in Malaysia may take similar action to their counterparts, responding to the weak economy by cutting their expenditures. And this could mean cutting the size of the workforce, laying employees off – which is happening now. Thus the projected 4.5% unemployment rate by end of the year may hit us sooner than we thought. The figure predicted is not as bad compared to 4.8% given to our neighboring country, Singapore and 8.1% to Indonesia. 6 3. US Bureau of Labor Statistics – retrieved 3/11/09
7. Malaysia Economic Current Condition 09 1. Unemployment Rate Interestingly, Malaysia’s unemployment rate has been hovering between 3.0% and 3.8% since year 2000 (*4). Though the current report indicated the rate at 3.7% , it is wise for Malaysian now to be extra thrifty in the upcoming turbulence time ahead. 7 4. Department of Statistic Malaysia- retrieved 3/11/09
8. Malaysia Economic Current Condition 09 2. GDP Growth Malaysia GDP Growth Rate Malaysia Gross Domestic Product (GDP) contracted 3.90% over the last 4 quarters (*5). The Malaysia Gross Domestic Product is worth 195 billion dollars or 0.31% of the world economy, according to the World Bank 8 5. www.tradingeconomics.com retrieved 3/11/09
9. Malaysia Economic Current Condition 09 2. GDP Growth Malaysia GDP Growth Rate 9 5. www.tradingeconomics.com retrieved 3/11/09
10. Malaysia Economic Current Condition 09 2. GDP Growth Malaysia GDP Growth Rate A contracted growth means that demand for our products both local and internationally has fallen. Me and you has cut down on our spending. We suddenly find our disposable income starts to shrink due to escalating of price. Our exports has fallen over the months and ships are left idle at the docks (*5.1). 10 5. 1 The Star, 4/11/2009
11. Malaysia Economic Current Condition 09 2. GDP Growth Comparison to our neighbors Singapore Gross Domestic Product (GDP) expanded 0.80% over the last 4 quarters (*5). The Singapore Gross Domestic Product is worth 182 billion dollars or 0.29% of the world economy, according to the World Bank 11 5. www.tradingeconomics.com retrieved 3/11/09
12. Malaysia Economic Current Condition 09 2. GDP Growth Comparison to our neighbors Indonesia Gross Domestic Product (GDP) expanded 3.99% over the last 4 quarters (*5). It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises. 12 5. www.tradingeconomics.com retrieved 3/11/09
13. Malaysia Economic Current Condition 09 2. GDP Growth Comparison to our neighbors Thailand Gross Domestic Product (GDP) contracted 4.90% over the last 4 quarters and is heavily export-dependent, with exports accounting for more than two thirds of gross domestic product (GDP) (*5). 13 5. www.tradingeconomics.com retrieved 3/11/09
14. Malaysia Economic Current Condition 09 2. GDP Growth Bank Negara Governor Dr ZetiAkhtar Aziz said at a media briefing in early June this year (*6) admitted that the financial crisis, which peaked last September and led to a general slowdown in economic activity, "had taken longer than expected to be resolved". Admitting that the contraction was "larger than expected", she said the outlook for the next quarter depend largely on external factors.Nevertheless, she expected the second half of the year to see a better economic performance (contracted to 3.9%). However she failed to mention solutions to counter these negating factors. According to statistics released by Bank Negara, all sectors, except for construction, recorded contractions year-on-year (*7). The vital signs don't look good. Thus, Nor MohamaedYakcop's statement that Malaysia’s domestic consumption market could help bolster the overall economy is also dashed. 14 6. The star online 2, June 09. 7. Malaysia Statistic Dept, Aug 09 Quarterly Report
16. Malaysia Economic Current Condition 09 2. GDP Growth Bank Negera disclosed that, in Q1/2009, manufacturing sector went down by 17.6%, export-oriented industries slumped by 23.1%, and the electrical and electronics (E&E) subsector plunged by a steep 41.4% (*9). Domestic-oriented industries also declined by 15.9%, and the services sector was flat with a 0.1% decline due to the impact from sub-sectors closely linked to the manufacturing sector. As an indicator of domestic consumption that supports an immense food-chain, the automobile industry failed to kickstart the momentum for economic recoverydespite the lowering of overnight interbank rates. Banks now imposed stricter loan approvals as well as interest rates. 8. The recent budget announcement saw a 1% reduction in tax (27%-26%) for those earning RM 100K per annum and a personal relief raised from RM 8,000 – RM 9,000 as means of stimulus to encourage domestic consumption does not reflect the true desire. 16 9. Malaysia economic indicators – Msia Stat Dept, Aug 09
17. Malaysia Economic Current Condition 09 3. FDI Growth FDI outflow exceeds inflow... Malaysia tops ASEAN in capital flights. According to the United Nations Conference on Trade and Development (UNCTAD)World Investment Report 2008, FDI outflow in Malaysia surpassed inflow by RM8.99 billion in 2007. Malaysian outflow had surged by 81.9% to RM38 billion in 2007 from RM20.89 billion the year before. On the other hand, Inflow increased by only 39% to RM29.07 billion versus RM20.91 billion in 2006. Interestingly, among the 10-member Asean countries, Malaysia was glaring as the only country to record a negative flow (*11). More interestingly, this took place despite the fact that the Southeast Asian region recorded its highest ever FDI inflow - which jumped 81.1% to RM209.2 billion in 2007 from RM115.5 billion in 2006. 17 10. UNCTAD – World Investment Report 2008 11. Malaysiakini, 25/9/2008
18. Malaysia Economic Current Condition 09 3. FDI Growth Foreign investment in Malaysia has plummeted this year, according to Trade Minister Mustapa Mohamed, "Foreign direct investment for 2008 was 46 billion ringgit (13 billion dollars and a record high) and for January to May this year we have only seen 4.2 billion ringgit,” (*12) The World Bank had estimated that FDI flows into developing countries will shrink to $400 billion this year from an estimated $580 billion in 2008, a drop of 31 percent, as most companies cut costs and investment due to the poor economic outlook. Malaysia's economy is under threat too as exports shrink and commodities prices like fuel and palm oil continue to fall. The top three sectors which attracted FDI were financial intermediation (RM2.1 billion), manufacturing (RM1.3 billion) and oil & gas (RM943.4 million). 18 12. Asean Affairs , 3/7/2009 .
19. Malaysia Economic Current Condition 09 3. FDI Growth Malaysia's net FDI outflow jumps to US$6b (Excerpt from UNCTAD- WORLD Investment Report dated 17 Sept 2009 ) (*13) Malaysia experienced a net FDI outflow of US$6.0 billion in 2008, more than double the US$2.7 billion net outflow posted in the previous year. Inward FDI fell to US$8.1 billion (18.4 per cent of GDP) in 2008 from US$8.4 billion (20.6 per cent of GDP) the previous year. Outward FDI, on the other hand, soared to US$14.1 billion from US$11.9 billion in 2007. In comparison, Indonesia experienced a net inflow of US$2.0 billion for 2008 while Thailand posted a net inflow of US$7.3 billion. The South-East Asian region as a whole saw a net inflow of US$27.8 billion. 19 13 UNCTAD- World Investment Report dated 17/9/2009 .
20. Malaysia Economic Current Condition 09 3. FDI Growth Based on the UNCTAD report, one cannot help but wonder whether the spike in 2008 FDI is due to Hot Money Investment? 20 14. The Sun 18/10/2007.
21. Malaysia Economic Current Condition 09 4. Purchase Power Parity The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing power. Using a PPP basis is arguably more useful when comparing differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of different countries, rather than just a nominal gross domestic product (GDP) comparison. In a nutshell: With RM 3.50 I used to be able to buy a Happy Meal and the same equivalent will enable me to do so in the States. Today it cost me RM 5.95 to buy a Happy Meal and the States still remain at RM 3.50 (PPP), it means I am losing my RM value. So the more I lose out in my RM value, it indicates to me that the economic condition is no longer favorable. 21
22. Malaysia Economic Current Condition 09 4. Purchase Power Parity 1973, a 1.3 Litre Japanese car was RM 7000. Today, the equivalent islet's say RM 60,000 about 8.5 times higher. 1973 a double storey house was about RM 45,000. Today, the equivalent is approximately RM 300,000 , about 6.6 times higher. In 1973 a fresh graduate pay was RM1000. Today is at an average RM 2,000, about 2.2 times higher. 4. Msia McDonald waiter salary RM 3.00 ! x 8 hours = RM 24 per day... x 25 days = RM 600 per month Australia McDonald waiter salary (Perth) $ 14.00 ( @ 3.15 = RM44 per hour x 8 = RM352 per day !!! x 25 days = RM 8,800. 13.3 times more and where the pricing of a house is similar to KL and the price of car is 23% cheaper than here. 22
23. Malaysia Economic Current Condition 09 4. Purchase Power Parity 23 15. Indexmundi.com, retrieved 4/11/2009
25. Malaysia Economic Current Condition 09 5. Business / Consumer Confidence What does it means? Increased consumer confidence indicates economic growth where consumers like you and me are spending money. This translates to higher purchasing power. Decreasing consumer confidence implies slowing economic growth, and so consumers are likely to decrease their spending. (less money circulating in the market) The idea is that the more confident people feel about the economy and their jobs and incomes, the more likely they are to make purchases. Declining consumer confidence is a sign of slowing economic growth and may indicate that the economy is headed into trouble. Among the key variables that are used to gauge are ; a. Current employment condition b. Employment condition in the next 6 months c. Total family income for the next 6 months. 25
26. Malaysia Economic Current Condition 09 5. Business / Consumer Confidence Notice that the index has a weak negative co-relationship with employment rate. 26
27. Malaysia Economic Current Condition 09 5. Business / Consumer Confidence Comparison to the States 27
28. Malaysia Economic Current Condition 09 5. Business / Consumer Confidence Index Analysis 1. Our index has recovered and it has shown that it has bounced back stronger. 2. However the index may took a nose diving if the projected un-employment rate were to sky rocketed to 4.5% at the end of the year. 3. Still the best way to gauge is always a visit to Malaysia’s leading mall. A peek at the fancy restaurant in the Klang Valley, Johor and Penang reveals a lot of the consumer confidence. Consumers are still buying and the malls are still jam packed during Sundays. 4. Again this could be simply interpreted that Malaysian are oblivious to the impending times ahead or just “living the moment”. 28
29. Malaysia Economic Current Condition 09 6. Other measurements Other economic indicators: It will be even easier to anticipate our economic conditions if our Economic Planning Unit are able to update the following information from time to time. National Debt GDP vs. Debt per citizen Private Debt Credit card debt, Ah Long debt vs. private debt per citizen Balance of Trade Malaysia debt held by foreign countries. 29
30. Malaysia Economic Current Condition 09 7. Conclusion So what is going to happen in the next quarter? The current economic indicators are revealing that a. Unemployment may hit up to 4.5% US GDP growth is still in a descending mode. Our GDP growth is relatively slow in process of recovery. The projected growth of 4.1% next year could remain a wishful thinking (*16) Our ships are sitting in the docks. FDI are trickling out. We are losing out when the rest of the region is gaining more FDI. Perhaps its time for us to be extra cautious on our spending and to tighten our belt in the coming months. 30 16. bernama.com, retrieved on 4/11/09