Is the 2015, massive hit for Imany, taken from their hot selling album French Women.
When you talk about Najib Razak these days, people only mostly see the bad.
So here is a special take on the good, the bad and the crazy, which Najib Razak has had a hand in where Malaysia is concerned.
First the good. Under Najib Razak this year, foreigners have pumped in more than US$2.4 billion. This is the most for any country in South East Asia, with the exception of Singapore.
Malaysian exports have shot up, outpacing that of Thailand, Vietnam or Indonesia, largely because the seven per cent drop in the Ringgit, makes the ringgit, the cheapest currency in South East Asia, cheaper than even the Philippines peso for foreigners.
Malaysia is now not overly reliant on oil money to keep the GDP numbers rosy. Najib Razak has helped diversify the economy.
The bad, it's obviously Jho Low and 1MDB.
The crazy is despite all the positive economic vibes, Najib Razak is hugely unpopular in the Malay heartland due to the mess up in Felda and the GST hurting Malay businesses more than their Chinese counterparts.
Bloomberg has most portion of this story covered . Read below :
When the global trade rebound came this year, Malaysia held one advantage over its peers: the cheapest currency in Southeast Asia.
The ringgit is down more than 7 percent against the dollar in the past year, even after recovering in 2017. Exports from Indonesia to Vietnam are surging but Malaysia’s shipments are growing the fastest, accelerating to a seven-year high of 33 percent in May.
After a couple of years of slowing growth, declining investor sentiment and a corruption scandal involving a state-owned investment fund, Malaysia’s fortunes are turning. The World Bank raised the nation’s growth forecast in June by the most in East Asia, inflation is easing and foreign investors are more bullish on the stock market. That’s taking the pressure off the central bank to add more stimulus to the economy after last year’s interest-rate cut.
“The ringgit went through a difficult period but it is now helping exporters,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore. “That is boosting the economy and with domestic consumption improving, the central bank is very, very likely to keep rates unchanged in the next six to 12 months.”
Rate Decision
Bank Negara Malaysia will probably hold its benchmark interest rate at 3 percent on Thursday, according to all 21 economists surveyed by Bloomberg.
“Bank Negara is in a sweet spot now,” said Irvin Seah, a senior economist at DBS Group Holdings Ltd. in Singapore. “We had a strong run in the first quarter in terms of gross domestic product growth and inflation is gradually moderating. This provides room for policy makers to maintain the policy.”
The World Bank predicts Malaysia’s economy will expand at least 4.9 percent annually from 2017 to 2019, from 4.2 percent last year. Malaysia’s exports are equivalent to about 70 percent of gross domestic product in 2016 at constant prices, according to government data.
While risks remain -- including a general election and doubts about the strength of the trade recovery -- foreign investors are piling in. Non-residents purchased about $2.4 billion of Malaysian stocks so far this year, the most in Southeast Asia excluding Singapore.
An improving growth outlook means the odds are rising that the central bank will start signaling a more hawkish stance, said Euben Paracuelles, an economist at Nomura Holdings Inc. in Singapore.
“The two most important things for Bank Negara are the growth outlook and financial stability risk,” he said. “Given the strength of growth, led by exports and palm oil, the probability of a hike next year is higher than a cut.”
