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[Tempatan] Daya saing negara merosot, skandal 1MDB punca ringgit lemah - Bank Dunia

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Post time 24-2-2024 02:44 AM | Show all posts |Read mode
Edited by stingerkaypoh at 24-2-2024 09:54 AM

KUALA LUMPUR, Feb 23 — The World Bank’s lead economist for Malaysia Apurva Sanghi today said the ringgit’s poor performance can be attributed to the lack of competitiveness in the country the past 28 years after the 1998 Asian financial crisis.

He also said that the decline was partly a consequence of the 1Malaysia Development Berhad (1MDB) financial scandal.

“Weak ringgit is ultimately a symptom of long-term decline in Malaysia’s competitiveness,” Apurva said in a series of postings on X, the platform formerly known as Twitter.

He said that while many Asian countries also slid after the 1998 financial crisis, Malaysia’s lack of reform affected its economy in the long run.

According to Apurva, Malaysia opted for a short-term solution that boosted the ringgit in the immediate aftermath of the financial crisis but consequently hurt the currency’s in the long run.

He said the government’s measures resulted in its GDP and exports to fall.

In comparison, he said the Thai baht and South Korea’s won outperformed the ringgit because those countries arguably reformed the most after the financial crisis.

The economist also said that China’s economic deceleration and the recent hike in the United States’ interest rates have only impact the value of the ringgit slightly.

“1MDB shock also severely dented ringgit,” he said.

He noted that a country’s currency reflects its societal, economic, and political vibrancy.

“External factors (United States, China) clearly important but affect different countries differently. Why? Because of differences in domestic conditions & response,” he said.

As an example, he said the Vietnamese dong performed better than the ringgit despite Vietnam’s heavy reliance on China’s exports.

The ringgit has been on a slide in recent days and hit its lowest this year on February 20, when it traded briefly at 4.7965 against the United States dollar.

The ringgit was at its lowest value during the Asian financial crisis in 1998 when it traded at 4.7965 to the greenback.

Financial news broadcaster Bloomberg reported that this was due to Malaysia’s sluggish economic growth moving slower than expected.

On the same day, the ringgit hit an all-time low of 3.56 to the Singapore dollar.

At noon today, the ringgit traded at 4.775 against the United States dollar.



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Post time 24-2-2024 06:13 AM From the mobile phone | Show all posts
Malaysia dah tak boleh nak harapkan investment luar utk buka kilang di Malaysia untuk bagi kerja kepada rakyat. Itu ekonomi zaman 80an & 90an. Jika buka kilang pun,siapa yg isi jawatan kosong tu? Pekerja asing? Lepas tu duit negara memgalir keluar negara.

Kita ke arah sektor perkhidmatan. Orang yang kerja dalam ofis beraircond. Pekerja yang ada skillset di zaman sekarang.

Singapura tu maju sebab buka banyak kilang ke? Mereka maju kerana sektor perkhidmatan.

Negara maju tengah buat test trial kerja 4 hari seminggu. Kenapa mereka boleh buat mcm tu? Sebab ekonomi mereka lebih kepada sektor perkhidmatan. Pekerja lebih produktif dan boleh beri output sama walaupun bilangan jam kerja kurang.

Manakala kita masih lagi stuck dengan cara lama. Instead of naikkan produktiviti,tambah lagi banyak pekerja. Pekerja pula nak dibayar gaji murah maka ambil la pekerja asing. Pekerja asing ni tak spend banyak untuk ekonomi tempatan. Cukup setakat keperluan asas hidup sahaja,selebihnya mereka hantar ke negara asal. Jumlahnya bukan sedikit. RM34 bilion setahun.Bayangkan jika duit ini rotate dalam negara sahaja.
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Post time 24-2-2024 06:27 AM From the mobile phone | Show all posts
Mustahil mustahil dek kelahnatan sejak 28tahun lalu.....

Sebaliknyer ini semua solely berpunca dari kepimpinan setahun jagong  skg....no question

Kahkahkahkahkahkahkah
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Post time 24-2-2024 06:31 AM From the mobile phone | Show all posts
ultra78 replied at 24-2-2024 06:13 AM
Malaysia dah tak boleh nak harapkan investment luar utk buka kilang di Malaysia untuk bagi kerja kep ...

Maksud ko sektor perkhidmatan under table kalo...cepat kerjanyer...kalo setakat harapkheun gaji....tuan tunggu giliran yea? The queue number that puan pegang may not go in sequence....harap maklum
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Post time 24-2-2024 07:09 AM From the mobile phone | Show all posts
“He noted that a country’s currency reflects its societal, economic, and political vibrancy.”

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Post time 24-2-2024 07:26 AM From the mobile phone | Show all posts
Nurdianah replied at 24-2-2024 07:09 AM
“He noted that a country’s currency reflects its societal, economic, and political vibrancy.”

...

Reformasi...work in progress...better late than never....
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Post time 24-2-2024 08:14 AM From the mobile phone | Show all posts
bagaikan ada sesuatu yg terpendam dan tak puas dlm diri, dapat je satu artikel yg boleh bekap pentadbiran kerajaan persekutuan yg sekarang ni, terus bukak tred siap buat poll lagi tu demi nak puaskan hati sendiri
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Post time 24-2-2024 08:19 AM From the mobile phone | Show all posts
terma2nkondisi2 replied at 24-2-2024 08:14 AM
bagaikan ada sesuatu yg terpendam dan tak puas dlm diri, dapat je satu artikel yg boleh bekap pentad ...


Tak susah pun sebenarnyer utk rakyat kita membahagiakheun diri.....
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Post time 24-2-2024 08:38 AM From the mobile phone | Show all posts
ultra78 replied at 24-2-2024 06:13 AM
Malaysia dah tak boleh nak harapkan investment luar utk buka kilang di Malaysia untuk bagi kerja kep ...

nampak macam gdp drpd sektor pembuatan di singapore paling besar berbanding sektor2 lain

so ianya dipenuhi dgn highly skilled workers yg hasilkan produktiviti tinggi dan berkualiti yg menghasilkan keuntungan tinggi

dan sebahagian besar drpd duit gaji tu dibelanjakan dalam ekonomi domestik
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Post time 24-2-2024 08:41 AM From the mobile phone | Show all posts
stingergrumpy replied at 24-2-2024 08:19 AM
Tak susah pun sebenarnyer utk rakyat kita membahagiakheun diri.....

ye stinger

eh tapi nape ada org lain nak guna nama stinger ni
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Post time 24-2-2024 09:02 AM | Show all posts
Malu apa. Hadam je lah....Boss kan??
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Post time 24-2-2024 09:29 AM From the mobile phone | Show all posts
terma2nkondisi2 replied at 24-2-2024 08:41 AM
ye stinger

eh tapi nape ada org lain nak guna nama stinger ni

Royalty masyuuuukkkkk ok ler...

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Post time 24-2-2024 09:51 AM From the mobile phone | Show all posts
terma2nkondisi2 replied at 24-2-2024 08:38 AM
nampak macam gdp drpd sektor pembuatan di singapore paling besar berbanding sektor2 lain

so ianya ...

Manufacturing singapore fokus kat hightech product. Yg ada high value added activities. Sbb tu boleh offer gaji tinggi.
Malaysia pun dok try attract those kind of investment. Tesla, nvidia etc. Tapi tu la, masalah utamanya tak cukup talent.
Singapore masa mula2 nak beralih ke hightech industry ni pun hadap masalah yg sama. Apa yg mereka buat, open negara mereka utk talent asing bekerja sementara depa develop local talent.
Malaysia, kerajaan baru cadang nak bg graduan asing bekerja dlm negara pun dah mcm2 kecaman diberi. Local talent pula sibuk nak jadi influencer.
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Post time 24-2-2024 10:03 AM From the mobile phone | Show all posts
ultra78 replied at 24-2-2024 06:13 AM
Malaysia dah tak boleh nak harapkan investment luar utk buka kilang di Malaysia untuk bagi kerja kep ...

Ini antara cuba dibawa tun M in 1990s....
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Post time 24-2-2024 10:38 AM From the mobile phone | Show all posts
Apoo replied at 24-2-2024 09:51 AM
Manufacturing singapore fokus kat hightech product. Yg ada high value added activities. Sbb tu bol ...

masalah utama adalah rakyat secara amnya yg bodoh taksub dgn politikus2 tertentu

setiap politikus yg jadi pemimpin ada baik dan buruknya... yg baik kita ambil, yg buruk kita tolak.. tapi bila politikus tu bermain politik, rakyat kena bijak la nak tolak yg buruk2 tu

kalau rakyat semua bijak2 pandai dan baik, akan lahirlah pemimpin yg bijak dan baik

aku dah malas nak cakap pasal ekonomi ke atau yg lain2 yg hangat pasal politik ni.. sbb acik2 porem taksub politik ni bodoh.. bila cakap benda betul pun, dia masih nak pertahankan yg salah

terpulang ikut kreativiti kerajaan sekarang ni utk menstrukturkan ekonomi negara supaya bertambah baik dari semasa ke semasa dan kebaikan tu dpt dirasai oleh setiap golongan rakyat secara adil

ekonomi ni subjektif.. takde polisi ekonomi yg seratus peratus betul atau salah.. ia bergantung kepada keadaan ekonomi semasa, kaedah pelaksanaan, dan strategi2 susulan yg dilaksanakan

apabila tiba pru seterusnya, maka rakyat akan undi lagi bagi memilih wakil2 rakyat utk penggal seterusnya dan wakil2 rakyat tu akan memainkan peranan penting dlm proses pembentukan kerajaan bagi penggal tu

sekiranya anwar ibrahim dan menteri2 dlm pentadbiran kerajaan sekarang ni dpt memimpin negara dengan baik sebaik-baiknya dan adil seadil-adilnya maka rakyat akan undi mereka lagi utk jadi pemimpin negara bagi penggal seterusnya
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Post time 24-2-2024 10:45 AM From the mobile phone | Show all posts
Malaysia kena sedia graduan TVET berkemahiran yang sedia masuk dalam industry. Tapi payahnya nanti menteri mistakes import tenaga kerja asing.

Sector pembuatan kat Malaysia ni masalahnya cuma manpower. Org takmo kerja kilang, gaming sikit....
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Post time 24-2-2024 10:49 AM From the mobile phone | Show all posts
Sifir mudah, rakyat bijak negara kaya. Ada yang boleh buktikan sebaliknya?
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Post time 24-2-2024 11:01 AM From the mobile phone | Show all posts
terma2nkondisi2 replied at 24-2-2024 08:41 AM
ye stinger

eh tapi nape ada org lain nak guna nama stinger ni

Fake stinger ni berbayar. Buat poll supaya thread akan naik tanpa komen.

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Post time 24-2-2024 01:11 PM From the mobile phone | Show all posts
Byk kilang yg dah bertapak lama pun blh berambus pg Thailand vietnam, apa yg madanon expect nk harap pelabur baru masuk
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Post time 24-2-2024 02:12 PM From the mobile phone | Show all posts
Decaffeinated replied at 24-2-2024 11:01 AM
Fake stinger ni berbayar. Buat poll supaya thread akan naik tanpa komen.

oohhh gitu citenye



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