Malaysia has just reported a strong growth of 10.1% for the 1st quarter of 2010, led by strong recovery in exports! On the other hand, Central Bank has also raised the OPR (Overnight Policy Rate) or the official interest rate by another 25 basis point. That means Bank's BLR will go up likewise, by the same token at the very least.
Seems Malaysia represents only the handful countries in Asia that keeps pushing up interest rates...
In a way no surprises to me, given BNM's normalization process as economy recovers. In fact, I expect another rate hike coming around July after the announcement of 2nd quarter GDP.
Does this mean all are hunky dory from now on? Not quite. Much will still depend on how the current European (PIIGS) sovereign debt crisis pan out. Greece has been bailed out no doubt, but that could well be just the tip of the iceberg!
If things turn out for the worst, then we should expect economy to start turning down again in the second half of this year.. Expect to have an eventful second half! In the midst of another potentially looming crisis, the consolation is that we can at least sit back and enjoy the upcoming football World Cup.....It will be another set of drama for sure!
Friday, May 14, 2010
Back In The Black, For Now At Least...
Subscribe to:
Post Comments (Atom)
3 comments:
Nice its very good
"Back In The Black, For Now At Least..."
http:///
Hi,
I am Belinda Dawson the webmaster of some finance related sites and blogs and my sites are doing fine in major search engines. While searching in Google I have found your blog journeytofinancialindependence.blogspot.com and as we both are in the similar field, I would like to exchange links with your site.
I have some healthy content pages in my websites and will give you some healthy links from my websites.
I believe that only good content will not help you in gaining the Google values. For that purpose healthy content link exchange or Normal link exchange is essential. If you agree with this we can exchange some articles as well as good links which will provide an extra benefit to our sites.
I can assure you that you will get good Search Engine value from our link.
Waiting for your reply to come. My mail address is: belinda[dot]dawson1984[at]gmail[dot]com
Regards
Belinda Dawson
There is actually an online test that you can take, that will tell you if you qualify for the foreign earned income exclusion!!! Find it here: http://www.taxplannercpa.com/foreign-earned-income-exclusion-eligilibility.php
Physical Presence Test
Post a Comment