Malaysia Has Applied For BRICS Membership, Anwar Says

[Willamshakespear]

The fundamental question each investor or Human whom have savings in MYR should be asking is - FROM who & what funds had the Malaysian govt use to PROP up the MYR?

1) For those whom are savvy in financial markets, will understand GRADUAL increases in currency rates, often due to natural market forces, BUT will NOT be able to comprehend SHARP rises in the same currency rate, & will only attribute it to UNNATURAL market forces, such as currency manipulators....

2) Malaysia is an exporting nation. With the rise in its currency, while most would be happy, but ultimately, it will affect its EXPORTING prices for the many goods it produces in a competitive Worldwide market, & should it price itself out, its companies & farms will fold, causing rise in unemployment & even higher inflationary rates to its citizens....leading to eventual stagflation which would occur...sinking its economy...

 

[congo9]

When you are exporting nation, You should not be joining b r i c. The exporting nation in BRIC is only China.

 

[syed putra]

When you are exporting nation, You should not be joining b r i c. The exporting nation in BRIC is only China.

Trump most likely will impose tariffs on all imports. So best to hedge against uncertainty.

 

[congo9]

Anwar is still dreaming.
Thailand and Indonesia has been imposing tariff on china's import.

 

[syed putra]

Anwar is still dreaming.
Thailand and Indonesia has been imposing tariff on china's import.

Not thaikand as i know it. But its EV incentives means cost of EV is affordable and sales of ICE cars have dropped. Honda has just shut a plant there and many suppliers of legacy autos have shut due to falling sales.

 

[congo9]

Trump most likely will impose tariffs on all imports. So best to hedge against uncertainty.

To become a large consumer nation, your people must be rich and people likes to visit your country.