Malaysia. Work

Is a 2016 major hit for Rihanna & Drake. UK's Guardian has a telling piece on "WORK" condition for foreign labour in Malaysia.

It's not Flattering at all, but what is interesting is that the finding from VIRATE that virtually every electronic device in this world has a Malaysian factor.

Guardian has the story :

When it comes to electronics, what Malaysia makes matters. According to a 2014 study “virtually every device on the market today” – from tablets to laser printers to microwaves – is likely to have involved Malaysia in some way.

Once a colonial outpost, the country has radically transformed itself into a key player in the global manufacture and trade of advanced electronics. The south-east Asian nation hosts more than 5,000 international businesses from 40 countries, thanks to 500 nationwide industrial estates and “free zones” for trade.

Malaysia. Interest Rate. Firestone

Is a 2015 mega hit for KYGO. Analyst meanwhile looks ready to place their hands on a 'Firestone", and bet that Bank Negara Malaysia will not cut interest rate today.

Everyone in the money market seems to agree that the Ringgit is worst of than other currencies, because, Bank Negara Malaysia had ACTED as THE Little HELPER to the Ringgit BEARS.

Heads must role at the central bank. Bloomberg meanwhile has the story on the NO go for an interest rate cut, as well as the Little HELPER's ROLE:

Asia’s worst-performing currency since Donald Trump’s surprise U.S. election victory is putting a Malaysian interest-rate cut out of sight for now.  

After surprising the market with a reduction in July, economists surveyed by Bloomberg in the days leading up to the U.S. vote had forecast another cut this year.

Trump’s win and the ensuing U.S. dollar rally have swept those bets away, with all 19 economists polled in a fresh survey predicting Bank Negara Malaysia will hold the overnight policy rate at 3 percent on Wednesday.

The ringgit has fallen more than 5 percent since the Nov. 8 U.S. elections, as emerging Asian economies suffered about $11 billion of outflows.

Bank Negara’s attempt to stop foreign banks from using offshore forwards to bet against the currency exacerbated the decline, as it evoked fears of capital controls imposed during the Asian financial crisis in 1998.

PARITY. No Diggity

Is a 2014 hit for Ed Sheeran & Passenger. The single is a remake of the 1996, number one hit for Blackstreet  featuring Dr Dre.

Well, a French research house just said, when it comes to the US Dollar and the EURO, there is "No Diggity", and by March there should be PARITY.

Where does this leave the Ringgit? "No Diggity🙌"

Read Below :

The euro is likely to trade even against the US dollar ahead of French presidential elections in April, according to the Paris-based bank Societe Generale.

The dollar strengthened more than six percent against the euro after Donald Trump won the US presidential election, boosting the greenback to its strongest level since 2003.

On Tuesday, the euro was trading at 1.0621 against the US dollar, and Societe Generale expects the European currency to weaken to $1.00, the lowest in 13 years by March before recovering later next year.

“We expect EUR/USD to fall to a bottom of parity in Q1 2017 before rising back to 1.09 by the end of 2017. The forecast is based on two rate increases by the Fed next year

Dow 19k. Hey Mama

Is a 2015 monster hit for David Guetta & Nicky Minaj.

Its "hey mama" time allrite, with The Dow Jones industrial average, arguably the world's best-known stock market gauge, BREAKING the 19,000 barrier in early trading Tuesday for the first time in its 120-year history.

In morning trading the Dow rose as high as 58 points to hit a new intraday record high of 19,014.73.

In the second half it peaked at 19,040,38 points before ending the day at 19023.87 points

Singapore Dollar, New Straits Times. Come

Is the single by Jain which is dominating the Spanish charts right now.

The Singapore Dollar has 'COME' against the Ringgit today. Asiaone has the story :

The Malaysian ringgit sank to a one-year low against the Singapore ,dollar on Tuesday (Nov 22), with S$1 worth RM3.1206 around noon, according to Bloomberg data.

Against the US dollar, the ringgit fell to 4.4327, its weakest since January.

Meanwhile, in Kuala Lumpur, instead of REPORTING on FACTS, NST has picked to report on FICTION, which paints Malaysia in a bad light, with FAKE notes thrown in.

Read Below :

BANGKOK: Malaysians travelling to Bangkok or other parts of Thailand should not worry about currency exchange as the ringgit is still widely accepted, said money changer operators here. Several operators in the capital city told Bernama they have ample supply of the currency and there is no problem exchanging it to any other currency. "No, no problem. You want to change Malaysian ringgit into Thai Baht or any other currency, just come to our shop," said an employee of Superrich International Exchange Co Ltd, one of Bangkok's largest money changer operators. Today, the company, which has 20 outlets throughout Bangkok, quoted 8.04 Baht to the ringgit. Meanwhile, an employee of Vasu Exchange in the shopping haven of Sukhumvit Road expressed surprise when told of rumours alleging that the ringgit is no longer accepted by money changers in Thailand. "Just bring us the ringgit, the good notes and not fake ones. If you bring us fake Malaysian ringgit, then of course we will reject it," she said

MAKI HAMUN Selanjutnya di : http://www.nst.com.my/news/2016/11/190918/rumours-ringgit-no-longer-accepted-money-changers-bangkok-jakarta-untrue?m=1

Bank Negara Malaysia. Cheap

Thrills is this year's hit duet by Sia &Nicky Jam

It looks like Bank Negara Malaysia's CHEAP Thrills in SENDING a confidential letter to foreign banks and then CONFIRMing it to FOREIGN newswires, has not created stabillity, it is creating CHAOS that can really BITE Malaysia..

Here is what the experts think about Bank Negara Malaysia's JOKE of a PLAN :

1) I don’t think they can contain the offshore market,” said Jeffrey Halley, a market strategist at Oanda Asia Pacific Pte. in Singapore. “Sending letters out and ordering people not to do it may have a short-term effect, but in the medium term it’s not a sustainable policy measure.”

2) Malaysia’s track record means some investors are nervous about the possible introduction of capital controls, though the economy is less vulnerable now than it was in 1997, Brown Brothers Harriman wrote in a Nov. 16 report. It said any limits on hedging would risk “scaring away” global bond investors.

3) ‘Moving the goal posts’ may hurt confidence, RBC’s Trinh says
“The motivation to try and reduce speculation is a reasonable one from a central bank perspective,” said Sue Trinh, head of Asia foreign-exchange strategy at RBC Capital Markets in Hong Kong. “But there are always unintended consequences. Moving the goal posts suddenly and at a whim has destroyed liquidity and foreign investor confidence.”

Bank Negara, Thank You For Tanking The Ringgit

If there is one song that best describes the situation that the Ringgit is in now is, the 1990's hit by Kenny Loggins called the  DANGER ZONE.

Bloomberg has the story. Read Below. Read CAREFULLY.

Even after Malaysia’s central bank intervened last week in currency markets, the ringgit keeps on sliding down. It dropped as much as 0.5 percent on Tuesday to 4.4420 per dollar, closing in on the 4.48 it reached in September of last year that was the lowest since the Asian financial crisis that sent it spiraling down in 1998 and prompted the imposition of capital controls.

The currency is tumbling as  -- investors dumped 1.1 billion ringgit ($248 million) of Malaysian stock's last week, the most since JUNE.