Ringgit terus merosot, mendekati 1 USD = 3.64 MYR pagi ini #364

cancer_files

Ringgit Leads Emerging-Market Losses While PM Najib Revises Deficit

Malaysia’s ringgit fell the most in emerging markets as Prime Minister Najib Razak revised the fiscal deficit target higher amid a plunge in oil prices and at the same time lowered the 2015 economic growth forecast.


The budget shortfall will come in at 3.2 percent of gross domestic product this year, instead of the previous 3 percent estimate, Najib said in a special session in Putrajaya outside the capital Kuala Lumpur Tuesday. The economy will expand 4.5 percent to 5.5 percent in 2015, versus 5 percent to 6 percent, he said, adding that the nation isn’t in crisis.


“The ringgit is still weak because the market is reacting to the higher fiscal deficit for this year and lower GDP growth forecast,” said Khoon Goh, a Singapore-based strategist at Australia & New Zealand Banking Group Ltd. “The ringgit is seeing selling pressure and could weaken further in the near term.”
The currency fell as much as 1.2 percent to 3.6153 a dollar, the lowest level since April 2009 and the biggest drop since Dec. 1, data compiled by Bloomberg show. It traded at 3.6135 at 2:26 p.m. in Kuala Lumpur. The five-year government bond yield climbed one basis point, or 0.01 percentage point, to 3.8 percent. The FTSE Bursa Malaysia KLCI Index of shares was down 0.2 percent.


The currency has weakened 12 percent in six months on concern that a 57 percent slump in Brent crude since June will reduce earnings for Asia’s only major oil exporter and weigh on the current-account surplus, a key support for the ringgit. The balance must remain in excess, the prime minister said today.


Inflation Data
Najib stressed that the government will take specific and proactive measures to support the economy. Without official intervention, the 2015 fiscal deficit would be 3.9 percent of GDP, he said.


Oil-related industries account for a third of the Southeast Asian nation’s state revenue. Najib said Malaysia is actually a “net petroleum importer” as he cut the oil price assumption target to $55 a barrel. Brent was steady at $48.84, after falling 2.7 percent yesterday.


Official data tomorrow may show inflation slowed to 2.8 percent in December from a year earlier, versus 3 percent the previous month, according to the median forecast in a Bloomberg survey.

nalis

Demmm.. Kena stop beli brg dr obersi dulu..

arira_arora

mahal beli brg la ni..

wds

Giler la. Makin banyak la pulak duit nak kena pakai beli Joomla extensions ni. Apa nak jadi ni nilai mata wang Malaysia asyik jatuh je.

Bell

Cancel la travel europe tahun nie...

cancer_files

RM jatuh 1% sehingga petang ini, paling teruk dibanding matawang Asia lain...

http://www.bloomberg.com/markets/currencies/

spiderman80

Kita harus berfikir positif, dengan susutnya nilai ringgit , sekurang-kurangnya boleh mendorong Kak Mah lebih banyak berbelanja di tanah air demi merancakkan ekonomi negara

nurul_akmar

ya allah. mcm ne aku nak bayar yuran blaja ni..

Loxlaxman

Lambat pulak aku nak kawin satu lagi .... hmmmmph..

cancer_files

Oil-related industries account for a third of the Southeast Asian nation’s state revenue. Najib said Malaysia is actually a “net petroleum importer” as he cut the oil price assumption target to $55 a barrel. Brent was steady at $48.84, after falling 2.7 percent yesterday.

ye ke? Baru tahu saya kalau Malaysia dah jadi net importer minyak...

lavamerah

haiyaa...rupiah jadi tinggi la pulak..

kurang untung la bisnis batik wa dgn kayu jati wa ni....

bangcak

ringgit jatuh tu petanda baik buat negara.
itu pon tak tau ka??

@d'zeck tolong eksplen

cancer_files

lavamerah replied at 20-1-2015 03:50 PM
haiyaa...rupiah jadi tinggi la pulak..

kurang untung la bisnis batik wa dgn kayu jati wa ni....

bisnis lain la encik...bisnis ngan negara yang matawang lebih teruk turun dari RM...
try bisnes ngan Rusia...

lavamerah

cancer_files replied at 20-1-2015 04:55 PM
bisnis lain la encik...bisnis ngan negara yang matawang lebih teruk turun dari RM...
try bisnes n ...

tu la...wa ingat nak jual aje la bisnis tu...

10milyar rupiah...lu nak beli..??

vandergooh

Nampak gayanya terpaksa akak kansel ngan hubby nak bercuti ke hawaii 2 bulan lagi sebab hubby teringin benar nak main golf kat sana..

kecimpret

kejatuhan ringgit baik utk negara - menteri

kecimpret

edit typo error

bluehedgehog

jgn bimbang. supporter bijan x kesah pun...mrk ni x tau pun apa ni us dollar...

Artemesiaa

Hahaha skrip maharaja lawak

zjen

spiderman80 replied at 20-1-2015 04:41 PM
Kita harus berfikir positif, dengan susutnya nilai ringgit , sekurang-kurangnya boleh mendorong Kak  ...

hei,   not funny la