Rab, Sep

It would be grossly unfair to accuse the Government of not tackling the depreciation of Ringgit.

In his SPECIAL ADDRESS ON CURRENT DEVELOPMENTS AND GOVERNMENT’S FINANCIAL POSITION on 20th January 2015, the PM stated that in relation to the Ringgit, "we must closely monitor the following: First, the current account in the balance of payments must remain in surplus. Second, continue with fiscal reforms and consolidation and Third, economic activity must be further diversified to enable us to cope with falling crude oil and commodity prices."

On the balance of payments, rightly the current account would record a trade surplus of RM85.6 billion in 2014 with the country’s expected exports of RM762.8 billion and imports RM677.2 billion. The Government is confident that the current account will remain in surplus this year, although smaller in the range of 2% to 3% of Gross National Income or GNI.

Our fiscal reforms and consolidation is still on track with the revised fiscal deficit target of 3.2% of GDP in 2015. This is still lower than the fiscal deficit of 3.5% of GDP in 2014.

Finally, to further diversify the economic activity, three strategies to strengthen our economic

The past few years have seen pundits fretting over the future of the dollar, but it’s place has never been more secure.

Don’t look now, but the U.S. dollar is on a tear. Here’s Geoffrey Smith with the details:

The U.S. Dollar Index, which measures the buck against six major western currencies but not against emerging market currencies such as China’s yuan, has risen 7.1% in the third quarter, its biggest quarterly rise since the 2008 market panic . . . the world’s premier reserve currency is

The sad truth is we Malaysians are addicted to our subsidies. The laundry list of items and services that are subsidised is long – ranging from our daily food items, transport, medical and education. However, we can’t continue with these subsidies indefinitely not only are they unsustainable but also just bad fiscal management of our country’s wealth.

Fuel is one of the biggest subsidies in our country. In 2013, the cost of petrol and gas subsidies in Malaysia were estimated to be around RM45 –

mosques20 THE BIG national debate has returned: Is Malaysia an Islamic country or a secular state? The Muslim majority of the country’s 30 million people would probably say it is an Islamic nation while the 40 per cent that make up the non-Muslim population would insist it to be secular. There was a time when it did not matter because religious and racial issues were strictly avoided in public discussions and discourse between people of different faiths. And, because of this, there was no discord

KUALA LUMPUR, March 20 (Bernama) -- The ringgit opened lower against the US dollar today on lack of demand for the local note as investors remained bullish on the greenback. At 9 am, the local note was quoted at 3.7125/7155 to the US dollar from Thursday's 3.7030/0080.

Meanwhile, the ringgit traded mostly lower against other major currencies. It depreciated to 2.6747/6788 versus the Singapore dollar from 2.6719/6769 on Thursday and eased to 3.0758/0788 against the yen from 3.0674/0728