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Budget 2021 – Amidst Malaysia’s Political & Economic Uncertainty (Guest Post)

Budget 2021 – Amidst Malaysia’s Political & Economic Uncertainty (Guest Post)

At RM322.5billion, Malaysia Budget 2021 is the largest budget in the country’s history. But will it pass?

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This post was originally posted here. The contributor to this article,@Denise is one of our many community members on InvestingNote.

While the World Bank has come forward to welcome the overall stance of Malaysia budget 2021, it is still unclear if the bill will pass.

Malaysian finance minister Tengku Zafrul Tengku Abdul Aziz tabled the 2021 national budget in parliament last Friday on Nov6; also the first budget under Prime Minister Muhyiddin Yassin’s administration.

But already, it appears the current administration is in for a bumpy road ahead. There are a lot of doubts if the budget is even able to pass because of politics.

In his budget speech, the Finance Minister has projected the economy to expand between 6% and 7% next year.
In response to that, Mr Anwar argued that the projections of development figures in the budget proposals were unrealistic and “not responsible”. He also commented that the budget was “misleading” and benefits cronies instead of the people.

Besides Anwar, The Pejuang party leader, Mahathir, also joined the disapproval of the budget in a Facebook post saying he wants it modified so that it is “more realistic”. His reasons were that the pandemic requires more money to be spent by the government, but it has also affected the Government’s revenue.
Mahathir further questioned where the money will come from, considering the deficit of about RM85 billion is much bigger than the development budget of RM69 billion.

Accordingly, there is a high possibility the passage of the budget would be blocked by Members of Parliament with a no-confidence vote against Mr Muhyiddin.

However should the bill is passed, these could mean the following for Malaysians and the economy:

i) Employee Provident Fund (EPF) account-holders will be entitled to withdraw up to RM500 per month, for one year from their EPF Account 1. Before this, account holders are only allowed to withdraw once they reach 50 years old.

ii) Certain sectors are bound to benefit from the budget 2021, and others not:

On a more positive side, the setback seemed to be avoided after the king pressed MPs from both sides of the political divide to support the Bill. It was the first time in Malaysia’s history that opinions have been sought from opposition lawmakers on the Budget’s formulation.

It is worth pointing out that the Government usually makes additional changes before the final bill is passed. After all, this is just the first reading of the budget.

Let’s hope Malaysia is able to tide through this crisis! 🇲🇾🙂 $KLCI(^KLSE.IN)

 

Once again, this article is a guest post and was originally posted on Denises profile on InvestingNote.

Become a part of our community and also see what other investors are saying about the current market right now: (click on the view now button)

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Download our free app here:

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US Presidential Election 2020 – How It Affects Malaysia (Guest Post)

US Presidential Election 2020 – How It Affects Malaysia (Guest Post)

US Election is once every 4 years, but how does it impact the markets?
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This post was originally posted here. The contributor to this article,@Denise is one of our many community members on InvestingNote.

update: Joe Biden wins the Presidency with 290 seats🎊

In the meanwhile, it could still be a period of volatility as the markets wait for a smooth transition (if there even is). So even though it seems like the President of the US has alr been highly-likely decided, it should be noted that there are still various ways the US Election can be contested.

Nevertheless, here are some macroeconomics principles that you’d be keen to know of:

[After all, this won’t be the last Presidential Election because there will always be another one every 4 years. Hence, the same factors would still apply.]

Just a quick backdrop:

On August 31st, 1957, diplomatic relations between Malaysia and the US were established when the US elevated its Consulate General in Kuala Lumpur to the status of the Embassy.

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Bursa’s FGV Holdings – Is It Doing Well As It Should? (Guest Post)

Bursa’s FGV Holdings – Is It Doing Well As It Should? (Guest Post)

Let’s find out if one of Malaysia’s largest palm oil companies, FGV Holdings Bhd, is still holding up.

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This post was originally posted here. The contributor to this article,@Denise is one of our many community members on InvestingNote.

At a quick glance, the share price of FGV has fallen sharply ever since its 2012 IPO reference price high of 4.55 ringgit. That’s a whopping 80% drop!
However, if you have been eyeing a position in FGV, this might be a good opportunity to enter.

But before that, here’s an overview of this particular palm oil company in Malaysia.

𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸?
Palm oil is one of Malaysia’s primary industries, and Malaysia is the world’s second-largest producer and exporter of palm oil after Indonesia. The volume of palm oil consumed in Malaysia (2019/2020) is 3.7Million metric tons, while the contribution of palm oil to the Malaysian GDP in 2018 is 2.8%. Exports of palm oil recorded 3.9% of total exports.

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Our Recent Investment-Themed Webinars (July 2020)

Our Recent Investment-Themed Webinars (July 2020)

With the success of the Regional Investors Online Summit 2020, our team has been using webinars to provide investment talking points and live market commentaries for both audiences in Singapore and Malaysia.

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In Malaysia, we have launched the post-summit webinar series, which dwells deeper into some of the topics which KOLs have discussed during the summit. This series of webinars aim to help our Malaysian users gain an in-depth understanding about key investment topics.. Our previous webinar which covered on REITS attracted more than 200 live attendees from Zoom and Facebook.

Rewatch the webinar here: 如何利用REITs来赚取稳定的收入?

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In Singapore, monthly live market commentaries are held over zoom webinars to provide an insight of popular stocks, market movements and interesting trades to look out for in the coming months. This is often done in partnerships with KOLs as well as special guest appearances ranging from financial institutions to listed companies. Earlier this week, a webinar was conducted with Investment Specialist Dan Chang, with special guest Alvin Li, Vice President of Societe Generale where they shared about the market outlook for 2H 2020, live during trading hours.

Rewatch the webinar here: Live Market Commentary With Dan Chang

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We’d be having more webinars frequently. Do check our website to stay up to date for more upcoming exciting webinars!

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Become a part of our community and also see what other investors are saying about the current market right now: (click on the view now button)

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InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

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Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings and updates!

Upcoming Online Summit: Investing Across Regions | 跨地区投资

Upcoming Online Summit: Investing Across Regions | 跨地区投资

Ever thought of the stocks across the border in Malaysia?

We’re having this summit with a trio of speakers who are well-versed in the Malaysian market!

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Join us LIVE as we delve into these topics:
✔ Bank Stocks Analysis: Key Things to know about MY & SG Banks by @ValueInvestAsia
✔ 危机入市的防御性投资策略 (Defensive Investing Strategies during Stock Crisis) by @Dr_Tee
✔ 如何在股市寻找好公司?by @investman

Date: 23 May Saturday, 10am – 1pm
Venue: Attend online from the comforts of your own home

Register for this online LIVE summit now and attend later!

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*Note: Some of these talks will be presented in Chinese.


InvestingNote is the first and largest social network for investors in Singapore. Find out more about us here.

Download our free app here:

apple   android

Also, join our telegram channel here: t.me/investingnoteofficial

We’re here to keep you in touch with the latest investing & stock-related news, happenings and updates!