One topic that frequently dominates discussions in Malaysia is foreign reserves. What sets this particular subject apart and makes it significant for Malaysians?
they are already trapped in import-export game, plus high debt, we in Indonesia are different even though Indonesia's FDI is high but we are trying to buy their shares even if it's only 10% but we are trying to be more than that, a complex system how technology transfer continues in Indonesia. Malaysia is not open but we know what's going on.🤣🤣🤣
@@maumuapa4198 Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 21 in total exports ($333B). That same year, Indonesia ranked 61 in the Economic Complexity Index (ECI 0.042), and 27 in total exports ($248B).
@@asia.network5475 Malaysia has a surplus of 25 years lol, you don't need to count this year's surplus, but where is the money going, that's why you could say it's a trade trap. there is a saying that we will not be lazy to run if we are not chased by dogs. we in indonesia just want to relax. ECI only measures how fast you run, with high debt you have to run like Singapore, because America is in debt.
What you have failed to mention is that Malaysia does not rely on foreign reserves only to maintain its economic position. The country has two fund management companies that are in the top 10 in the world. It also has Southeast Asia's largest Fortune 500 company that is fully owned by the Malaysia government. Malaysia also has fixed assets in the forms of properties around the world. These are in hundreds of billions of US Dollars. So that is why Malaysia has a far higher credit rating than all Southeast Asian nations, bar Singapore.
@@mohdazminishak6387 and the others are Lembaga Tabung Haji (significant investment in Tabung Haji and Bank Islam), Kumpulan Wang Persaraan (KWAP) and Lembaga Tabung Angkatan Tentera or LTAT (significant investment in Boustead Holdings and Affin Bank)
I hate people like you. why do you spew lies that can be easily fact-checked with just a simple google? Khazanah, total managed fund RM130 billion, barely crack into top 30 worldwide sovereign wealth funds. EPF, total managed fund RM1 trillion, is around top 20 worldwide pension funds. None of them come close to "top 10" even in their own fund category. LMAOOO
Could you tell the other fund besides Khazanah? If I’m not mistaken only khazanah Nasional can be consider as one of biggest fund in the world..others does not count including KWSP..but if KWSP is one of it, make sense coz KWSP now have around RM1 trillion equivalent USD450 billion..plus minus others..Singapore have 3 of them.. Other than Khazanah, what is it? Petronas listed in 500 fortune in Forbes..about the other fund I have no idea bout it.. en.wikipedia.org/wiki/List_of_countries_by_sovereign_wealth_funds
Malaysia is such a lucky country. So much pessimism but we are still chugging along. Our financial parameters are not the best but also definitely not the worse. I guess it is the whole package which gives this place its charm. Personally, I think it would be the better for countries to work towards a balanced budget. For us that would mean reducing both our foreign debt and reserves in tandem, spending within our income and working harder if we want more. We have a long way to go.
😂 agree with u regarding pessimism.. malaysian complain too much, even badmouthed their own country, without realising how lucky we are compared to so many countries.. in term of harmony, health system, education, freedom, citizen welfare & so on.. but yeah, we like to complain tooo much 😅
1997 is nothing to do with not enough foreign reserve. It is just the USA attacking asia financial system. They try to do the, same in Hong Kong but fail
Commercial entities exports might not have a direct relationship with dollar reserve holdings, rather the country’s denominated debt and the country’s intentions on relying on foreign debt on its domestic growth … non the less more would be better but the amount in general is subjective depending on its reliance on international funding
Title is clickbait. The subject is very complex but hopefully a brief summary is useful towards a better understanding. To increase Foreign Reserves is basically productivity, High output with less input. Foreign direct investment is when capital move into the country to utilise facilities within. Can be setting up factories or investing in the Capital market. However the infrastructure is a must to support the industries. Airports, roads, ports, logistic support and pools of educated workforce. Capital markets is an attractive option when foreign equity funds put money in Govt Bonds or invest in shares of listed companies at our stock exchange, but it must be noted that Capital flight exit just as fast when other Markets perform better or other Central Banks offer higher rates like what the US is doing. (Hot money) Tourists arrivals with planes loaded and hotel rooms booked, add to that, local tours, souvenir, handicrafts and food etc. Ten million visitors outside our border have visited since reopening and they bring in monies earned elsewhere. They contribute to various sectors of the M'sian economy. Export more and import less. It's very challenging when worldwide economies have not recovered. There are necessary imports for the added value to goods, but the US/China chips war can be a good illustration of import substitution. China's import bill of Chips total hundred of billions but with US restrictions, they accelerated R&D to produce local chips. Year on year, local champions emerge to significantly reduced imports saving the scarce foreign reserves. M'sia, a blessed country, with no major natural calamity but plenty of resources and fertile land, can identify imports with substitution in mind. Present foreign reserves are adequate but not at the comfortable level and "Malaysia Boleh" definitely can do better.
Misleading. A country's financial health is not about forex reserves but it has to take into account the country's debt. Malaysia's debt if you include contingent liabilities can reach 90% of GDP. One should consider the total reserves of a country and not just reserves held by the central bank. Also, the economic capacity of a country to pay for the debts is critical. Malaysia's debt has been rising the past decade and this is not good at all.
97% debt dalam Malaysia, 3% debt dengan negara luar macam china, 18% dari income bulanan Malaysia kena guna untuk service debt adakah ini di namakan kritikal? Jika reserve ni turun n turun ya itu memang kritikal. Jika stay macam tak berguna, jauh lagi nak kritikal.
You have a very good point. The key is total household debt against GDP. This is also the reason why bank Negara did not raise interest rates that much, because my raising interest rate high, it will prevent out flow of funds out of malaysia, however if interest rates is too high you will start seeing people defaulting on loans repayment and which will hurt every economic sector of life and degrading of quality of life.. leading to financial and social issue.
As a Malaysian, this video makes Malaysia looks too good to be true, currently Malaysia is on its way to have the worst USD exchange rate, RM 5 = 1 USD 😢 I miss the good old days it was less than RM 3 = 1 USD when I was growing up
For dummy economists like me and most of us, base on exchange rate is the only thing we can compare, there are so many strong evidence such as SGD, GBP, AUD
I agree, Malaysia should compare with Asian peers like Singapore, Hong Kong, Taiwan, Japan and South Korea. If we compare with the ones better, then, will improve. You compare the ones worst than us, you will eventually be even worst than the ones we were worse than.
Are you still in elementary school? Check your spelling.. and please study so you dont come out with rubbish comments that make you look very very stupid...
Our currency is weak because we do not have enough foreign reserves. 100bil+ isn’t much compared to our neighbouring country. We need at least US$250bil to see our currency strengthened
Are you sure a small country needs to have that much forex? Malaysia's forex of 115 b is higher than Canada's 106 b, Spain's 87 b, Denmark's 74 b, Norway's 70 b, Australia's 58b, Sweden's 54 b and the Netherland's 54 b. I had to leave out many other EU countries with lesser forex due to space limitation.
@@brandenburg2388 Ikr. I am waiting for someones to reply your comment, "Why you compare Malaysia with Canada and EU nations, Malaysia is developing nation, those are developed nations." 😅
Japan has the highest debt in the world along with Singapore. Debt doesnt mean anything in the world economic order. Its debt servicing that matters. Thats the reason Malaysia has a very high credit rating compared to all it neighbours, bar Singapore.
I have a very crucial question pertaining to foreign reserves. Who are the owners of the foreign reserves of a country? Does the government fully own the money or the private entities (private companies / individuals) co-own the foreign reserves. For example, If a Malaysian citizen (individual A) has a savings of 1 million USD in his foreign currency account, is that money taken into account as foreign reserves of Malaysia?
@@tunkulailitunkushahriman3939betul tu. Tgok dari level reserve ni dah tau Malaysia lebih selamat era najib berbanding era sekarang. Ada logik pmx berusaha nak kurangkan debt, supaya level selamat ni pulih semula.
kepala otak ko. Zaman Najib duit pesara tentera tak dibayar caruman LTAT akibat dari krisis 1MDB dan ramai pesara tentera duduk bawah kolong jambatan 😂 @@shahrin7073
any nation in progression will easily accumulate foreign reserves. thats how the system works. trade is not always done with cash payouts. money has to hels in reserve for further trades otherwise transactions will get delays and consumers get many hangups
It doesn't change at all as the amount of US Dollars in the forex remains the same. $ 115 billion is still $ 115 billion yesterday, today and tomorrow.
Lah ko ingat hasil kerajaan madanon ke foreign reserve ni bodo tol walanon ..berapa puluh tahun nk kumpul tu hg ingat madanon ambil alih terus ada 100billion usd ka bodo😂
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The south east Asian countries should invest in infrastructure like western nation instead of high Foreign reserve. They should all have the very fast train, highway , road, aiport, port. To become a rich nation, you need perfect infrastructure. The finanical crisis in 1997 destroy Thailand, Indonesia and South Korea financial system and bankrup the country
Sabah is already resolved. Read the news. The Sulu Sultan heirs are required to pay $400,000 worth of damages. They live in papan housibg, where do u think they are going to find this money? Do u think they will think twice to fight this case again? Lol.
@@secrets.295 Do you think it's that simple? even the united nations agreed at that time. the hearth of the sulu people recognized that sabah is part of sulu. when the spark awakens, many people will be destroyed in this battle forever. only time waits for what we fear. concrete solutions are needed and the complication will never end.
@@alice.wonder...Msia is not an agressive countries & abide thru law ..that's why every disputes went thru discussion or court & as it is right now all the Sulu's claim has lose in court....whoever their backup will think many times as this will incurred huge costs & if they lose again then all the money gone....
Why don't try to explain why Malaysia is in so deep a debt of USD 320+ billions even when blessed with rich natural resources like petroleum, rubber, palm oil, timber & etc...?? Better still, why its neighbour, Singapore is outperforming Malaysia many times better even with ' zero ' natural resources..??
zero resource zero resource..stupid kiasu who keep on repeating like a broken record repeating lee kuan yew propaganda. firstly, despite singapore has no resource, its neighbors are not evil to cut off any supplies of resources to it, ensuring singapore to be where it is now. this includes allowing oil n gas processing in singapore, water resource etc. stop being so kiasu..lets be happy for each other instead of so sour when malaysia somehow ok
I dont think Malaysia has too much Foreign Reserves. Absolute reserve size comparison is not right; other metrics like months of imports is more relevant. 5 months of imports sounds like trouble. Malaysia spends too much of subsidies, I think. Politically, it is a sacred cow; people have become more dependent on this subsidies without regard of reality of prices in global markets. Productivity needs to be improved as well. Bank Negara Malaysia needs to recover some of the credibility it lost under the previous leadership and be more transparent. Just a quick brain dump :)
The government is slowly, but surely putting a stop to these subsidies, no pain no gain, people need to realize that to give more room for government budget to be used in a more productive way and thus grow the economy, it is a painful journey we all need to go through together
As a rule of thumb, a country has to maintain FX reserves at least 3 months worth of imports for it to be sustainbale. So 5 months for Malaysia is good enough. No need to panic. Our trade is always on surplus (Export>Import) and only 3% of Govt Debt is in Foreign Currency. Bring back GST and cancel fuel subsidy. That will put our fiscal condition in a better position.
@@0900370pian except that politics is not always that simple, bringing back GST or introducing any forms of alternatives will surely receive backlash from oppositions and their supporters, which can dampen the government 's political intention to push it through
Malaysia is always be the country in the middle…not the best but also not the worst..the problem is with our potentials we can do better than we can currently
Follow singapore increase government revenue reintroduce gst 5 percent, our reserve will surely increase. Country may be rich but people suffer, like many Singaporeans days and nights always think how to earn money until many commit sucide and mental problems, no live no happiness.
Malaysia's gold reserve is very low compared to Singapore. Malaysia also imports too much food annually or 60% of the annual demand. Despite there are many vacant land, food production and processing are still weak. Corruption is worst than 20 years ago. The current corruption cases should be able to reduce under ground economy and inefficiency.
This not really show the real economy of the country. Lots of people here are getting a lot poorer. Big Cooperate and rich are getting richer. The strength of the currency going weaker on each passing year.
Neoliberal capitalism which the former PM Dr Mahathir embraced, is at fault. Year-on-year, percentage of labor income as a percentage of national income suffer either stagnation or reduction from time to time , whereas corporate profits as a percentage of national income kept increasing. With most of the income going disproportionately to the already rich , it is inevitable that the wealth gap between the rich and poor widens exponentially over time. The world over is headed towards late-stage capitalism. If things do not change for the better, expect more financially precarious working poor and destitution in the years ahead.
😮🙏 What?! Malaysia still needed to Repay RM$Trillion+ Ringgits of Foreign Debts with Interests as of 2023 ... Looking at the current management of the Malaysian finance & the treatments of Foregn Investments with so many illegal race & religion based boycotts & the looming 2030 European Union restrictions & high taxes on fossil fuels & unsustainability produce ... Malaysia's Petronas & Palm Oil industries will be greatly be impacted & thus the revenues of Malaysia will be affected if the government of Malaysia / Putrajaya , is still relying on the phasing out fossil fuel & palm oil industries instead of learning from other countries in dealing with the challenges of creating & investing in Eco-Friendlier & Sustainable industries now before 2030 , which is just 6 years from 2024! Malaysia should be planning & executing these Urgent Changes of Managing Future-Proof National Economic Master Plans 20 years ago! 🙏🕯🌍🕊🇲🇾
@@yogasetiaone Debt as a percentage for Malaysia is still lower than the Philippines, Indonesia and even Singapore. Malaysian debt levels is 87% of GDP compared to 150% of GDP by Singapore. Also Malaysia has one of the highest debt servicing ratios in Asia, which is why it has an A- and BBB+ credit rating compared to the B- and C of other Southeast Asian nations. Meaning countries and world financial institutions have more confidence in lending to Malaysia compared with lending to Indonesia, Philippines, Thailand and Vietnam, all of which have difficulty getting foreign loans (except from China).
@@0900370pian Lol, when you tell only half the story, of course it paints a different picture. Singapore has zero net debt. Singapore borrows to fund infrastructure projects that turn into assets once completed. Deposits from foreign sources into the banking system is also considered debt. But this is only considered gross debt, that's why Singapore's credit rating is still AAA. Singapore has not borrowed to run the country, hence zero net debt.
Blame on Najib's thieving government OneMalaysia policy resulting in 10years of development setback. 1 dollar for ordinary Malaysian, 1000 dollars for himself and wife.
This show that Anwar Ibrahim as PM is very capable and managing the country's finance in proper manner despite the 1MDB debacle. But Malaysia is plagued with race and religion issues that prevented Malaysia from becoming a Asian Tiger like Singapore. In the last election the racist party, PAS made headway with Hadi and Bersatu aka Muhyiddin using race and religion as their electoral motto. Malaysia will never come up if the country allow these parties to rule Malaysia like they did before the coalition of PH brought them down. Even arabic countries do not use race and religion to win election but PAS and Bersatu use these 2 issues as their only program to make headway. AS LONG AS MALAYSIAN ALLOW PAS AND BERSATU TO RULE BY RACE AND RELIGION THE COUNTRY WILL ALWAYS REMAIN A BACKWARD COUNTRY AND HAMPER IT'S ECONOMIC PROGRESS.
For a huge country to have only 115B in reserves as compared to tiny Singapore with 310B - No wonder the ringgit is so weak. Najib probably has 100B taken out from it ! LOLsssss
Seriously big cannon 🇲🇾 is ranked 20th highest 🇸🇬 has 3x of 🇲🇾 Even tiny countries like HK / Israel much more than 🇲🇾 Google Statista foreign reserve ranking
One topic that frequently dominates discussions in Malaysia is foreign reserves. What sets this particular subject apart and makes it significant for Malaysians?
Foriegn reserves is only meaningful as a ratio external debt, and TRIM of imports. Both of which aren't looking good.
they are already trapped in import-export game, plus high debt, we in Indonesia are different even though Indonesia's FDI is high but we are trying to buy their shares even if it's only 10% but we are trying to be more than that, a complex system how technology transfer continues in Indonesia.
Malaysia is not open but we know what's going on.🤣🤣🤣
@@maumuapa4198 Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 21 in total exports ($333B). That same year, Indonesia ranked 61 in the Economic Complexity Index (ECI 0.042), and 27 in total exports ($248B).
@@asia.network5475 Malaysia has a surplus of 25 years lol, you don't need to count this year's surplus, but where is the money going, that's why you could say it's a trade trap.
there is a saying that we will not be lazy to run if we are not chased by dogs.
we in indonesia just want to relax.
ECI only measures how fast you run, with high debt you have to run like Singapore, because America is in debt.
@maumuapa4198 What does being "trapped in import-export game" mean?
What you have failed to mention is that Malaysia does not rely on foreign reserves only to maintain its economic position. The country has two fund management companies that are in the top 10 in the world. It also has Southeast Asia's largest Fortune 500 company that is fully owned by the Malaysia government. Malaysia also has fixed assets in the forms of properties around the world. These are in hundreds of billions of US Dollars. So that is why Malaysia has a far higher credit rating than all Southeast Asian nations, bar Singapore.
What are those 2 fund mgmt companies? I only know Khazanah…what is the other one?
@@mohdazminishak6387 KWSP, PNB are 2 biggest fund management in msia.
@@mohdazminishak6387 and the others are Lembaga Tabung Haji (significant investment in Tabung Haji and Bank Islam), Kumpulan Wang Persaraan (KWAP) and Lembaga Tabung Angkatan Tentera or LTAT (significant investment in Boustead Holdings and Affin Bank)
I hate people like you. why do you spew lies that can be easily fact-checked with just a simple google?
Khazanah, total managed fund RM130 billion, barely crack into top 30 worldwide sovereign wealth funds.
EPF, total managed fund RM1 trillion, is around top 20 worldwide pension funds.
None of them come close to "top 10" even in their own fund category. LMAOOO
Could you tell the other fund besides Khazanah?
If I’m not mistaken only khazanah Nasional can be consider as one of biggest fund in the world..others does not count including KWSP..but if KWSP is one of it, make sense coz KWSP now have around RM1 trillion equivalent USD450 billion..plus minus others..Singapore have 3 of them..
Other than Khazanah, what is it? Petronas listed in 500 fortune in Forbes..about the other fund I have no idea bout it..
en.wikipedia.org/wiki/List_of_countries_by_sovereign_wealth_funds
Malaysia is such a lucky country. So much pessimism but we are still chugging along. Our financial parameters are not the best but also definitely not the worse. I guess it is the whole package which gives this place its charm.
Personally, I think it would be the better for countries to work towards a balanced budget. For us that would mean reducing both our foreign debt and reserves in tandem, spending within our income and working harder if we want more. We have a long way to go.
We have lots of problems, but we also have lots of good things too.
😂 agree with u regarding pessimism.. malaysian complain too much, even badmouthed their own country, without realising how lucky we are compared to so many countries.. in term of harmony, health system, education, freedom, citizen welfare & so on.. but yeah, we like to complain tooo much 😅
@bearybear66 because Malaysians like to compare everything with Singapore, not only economically, culturally as well
Malaysia's foreign reserves are mostly still in Malaysia, but inside the pockets of UMNO and PAS members and their cronies.
@@marvelcomiks8078 If I am not mistaken, Malaysia's foreign reserves are mostly held by its central bank. BNM.
1997 is nothing to do with not enough foreign reserve. It is just the USA attacking asia financial system. They try to do the, same in Hong Kong but fail
It's called HARVESTING.
Commercial entities exports might not have a direct relationship with dollar reserve holdings, rather the country’s denominated debt and the country’s intentions on relying on foreign debt on its domestic growth … non the less more would be better but the amount in general is subjective depending on its reliance on international funding
Title is clickbait.
The subject is very complex but hopefully a brief summary is useful towards a better understanding.
To increase Foreign Reserves is basically productivity,
High output with less input.
Foreign direct investment is when capital move into the country to utilise facilities within.
Can be setting up factories or investing in the Capital market.
However the infrastructure is a must to support the industries.
Airports, roads, ports, logistic support and pools of educated workforce.
Capital markets is an attractive option when foreign equity funds put money in Govt Bonds or invest in shares of listed companies at our stock exchange, but it must be noted that Capital flight exit just as fast when other Markets perform better or other Central Banks offer higher rates like what the US is doing. (Hot money)
Tourists arrivals with planes loaded and hotel rooms booked, add to that, local tours, souvenir, handicrafts and food etc.
Ten million visitors outside our border have visited since reopening and they bring in monies earned elsewhere.
They contribute to various sectors of the M'sian economy.
Export more and import less.
It's very challenging when worldwide economies have not recovered.
There are necessary imports for the added value to goods, but the US/China chips war can be a good illustration of import substitution.
China's import bill of Chips total hundred of billions but with US restrictions, they accelerated R&D to produce local chips.
Year on year, local champions emerge to significantly reduced imports saving the scarce foreign reserves.
M'sia, a blessed country, with no major natural calamity but plenty of resources and fertile land, can identify imports with substitution in mind.
Present foreign reserves are adequate but not at the comfortable level and "Malaysia Boleh" definitely can do better.
Misleading. A country's financial health is not about forex reserves but it has to take into account the country's debt. Malaysia's debt if you include contingent liabilities can reach 90% of GDP. One should consider the total reserves of a country and not just reserves held by the central bank. Also, the economic capacity of a country to pay for the debts is critical. Malaysia's debt has been rising the past decade and this is not good at all.
Stop la sabotaging your own country if you are truly a Malaysian not Singaporean wanna be!
97% debt dalam Malaysia, 3% debt dengan negara luar macam china, 18% dari income bulanan Malaysia kena guna untuk service debt adakah ini di namakan kritikal? Jika reserve ni turun n turun ya itu memang kritikal. Jika stay macam tak berguna, jauh lagi nak kritikal.
Nak kena guling-guling kat jalanraya lagi ke macam pasca 2018? Sebab waktu tu pembangkang cakap negara dah bangkrap
You have a very good point. The key is total household debt against GDP. This is also the reason why bank Negara did not raise interest rates that much, because my raising interest rate high, it will prevent out flow of funds out of malaysia, however if interest rates is too high you will start seeing people defaulting on loans repayment and which will hurt every economic sector of life and degrading of quality of life.. leading to financial and social issue.
@@kuawangkumohamad3183Org dah jauh ke depan ko masih pikir nk guling2. Level tu jela walaun hina mcm ko ni
As a Malaysian, this video makes Malaysia looks too good to be true, currently Malaysia is on its way to have the worst USD exchange rate, RM 5 = 1 USD 😢
I miss the good old days it was less than RM 3 = 1 USD when I was growing up
Malaysia rich country poor people 😢
5 is too strong.. look at other currency more dump. But ringhit not dumping so hard..
It is stupid to just base the economy only on their exchange rate, there are many other factors to key in for the economy.
Exchange rates not only factor for measuring economy , and fiat money will keep on losing its value btw.
For dummy economists like me and most of us, base on exchange rate is the only thing we can compare, there are so many strong evidence such as SGD, GBP, AUD
The title is wrong, it should be that Malaysia doesn't have much Foreign Reserves compared to the region!
Make your own video and put the title that you wish to put
Malaysia’s foreign reserves as per capita is far higher than many of its regional peers.
I agree, Malaysia should compare with Asian peers like Singapore, Hong Kong, Taiwan, Japan and South Korea. If we compare with the ones better, then, will improve. You compare the ones worst than us, you will eventually be even worst than the ones we were worse than.
Stop la sabotaging your own country if you are truly a Malaysian not Singaporean wanna be!
Can u at least give us a reason to support your claim
I have checked malaysia foreign reserves. This April 2023 the malaysia foreign reserve is 104,700
Are you still in elementary school? Check your spelling.. and please study so you dont come out with rubbish comments that make you look very very stupid...
Only downside is our annual deficit budget..turn it to surplus and we will be good
Kena tunggu pemulihan pasca covid ni selesai, ada potensi bertukar jadi surplus semula.
@@shahrin7073 lawak lu. pandai tunjuk jari jer. dah berpuluh tahun defisit. ada mengenai kovid ke.
@@dukecheng5409 Benda lama tu sudah la. Kna usahakan utk hari esok. Nak ingat benda lama sampai mampus ya buat apa. Kna positif utk hari2 seterusnya
Our currency is weak because we do not have enough foreign reserves. 100bil+ isn’t much compared to our neighbouring country. We need at least US$250bil to see our currency strengthened
Your neighbours like Singapore has so much debt . Trillions of dollars. Always be grateful to ALLAH .
@@shakebraza196 malaysia rich country. people poor
Are you sure a small country needs to have that much forex? Malaysia's forex of 115 b is higher than Canada's 106 b, Spain's 87 b, Denmark's 74 b, Norway's 70 b, Australia's 58b, Sweden's 54 b and the Netherland's 54 b. I had to leave out many other EU countries with lesser forex due to space limitation.
Coutries with higher foreign reserves than Malaysia, their currencies also weak. 😅
@@brandenburg2388 Ikr. I am waiting for someones to reply your comment, "Why you compare Malaysia with Canada and EU nations, Malaysia is developing nation, those are developed nations." 😅
Nice Malaysia, as Indonesian i respect Malaysia they are high income and high debt too 🇮🇩🇲🇾
Whats up neighbour.😊
Japan has the highest debt in the world along with Singapore. Debt doesnt mean anything in the world economic order. Its debt servicing that matters. Thats the reason Malaysia has a very high credit rating compared to all it neighbours, bar Singapore.
@@bukitkatilmp nah this 👍
High income?..🥴🥴🥴
@@cellinelim9367 Yes boy! 5 x higher income than Philippines, 4x higher income than Indonesia and 2x higher income than Thailand.
I have a very crucial question pertaining to foreign reserves. Who are the owners of the foreign reserves of a country? Does the government fully own the money or the private entities (private companies / individuals) co-own the foreign reserves. For example, If a Malaysian citizen (individual A) has a savings of 1 million USD in his foreign currency account, is that money taken into account as foreign reserves of Malaysia?
econsmalaysia.blogspot.com/2018/06/no-international-reserves-are-not.html
During early 2000, malaysia reserves equal to 8 months import value. Now only 5
Thx to DSN
@@tunkulailitunkushahriman3939betul tu. Tgok dari level reserve ni dah tau Malaysia lebih selamat era najib berbanding era sekarang. Ada logik pmx berusaha nak kurangkan debt, supaya level selamat ni pulih semula.
kepala otak ko. Zaman Najib duit pesara tentera tak dibayar caruman LTAT akibat dari krisis 1MDB dan ramai pesara tentera duduk bawah kolong jambatan 😂 @@shahrin7073
any nation in progression will easily accumulate foreign reserves. thats how the system works. trade is not always done with cash payouts. money has to hels in reserve for further trades otherwise transactions will get delays and consumers get many hangups
when dollar getting weak, malaysian foreign reserve will decreasing too.
It doesn't change at all as the amount of US Dollars in the forex remains the same. $ 115 billion is still $ 115 billion yesterday, today and tomorrow.
@@brandenburg2388 money is value
Because we rely everyting on USD. Its time for us to dedolarise. BRICS now.
Holding in RM is worse .
Must thank US$ .
RM /Us$ -30% in last 10 years
walaun bukan faham pon benda benda macam ni. dorang nak dengar yang tunggang ja
Lah ko ingat hasil kerajaan madanon ke foreign reserve ni bodo tol walanon ..berapa puluh tahun nk kumpul tu hg ingat madanon ambil alih terus ada 100billion usd ka bodo😂
*Welcome to Malaysia truly Asia good food, people beautiful beach, skyscrapers & others, Msian likes to lepak Mamak drink Teh Tarik Jom joining Malaysian 🇲🇾💙🧡♥️💙🇲🇾*
The south east Asian countries should invest in infrastructure like western nation instead of high Foreign reserve. They should all have the very fast train, highway , road, aiport, port. To become a rich nation, you need perfect infrastructure. The finanical crisis in 1997 destroy Thailand, Indonesia and South Korea financial system and bankrup the country
While it works, foreign reserves are important to work as a buffer. (Looking at Sri Lanka where they ran out of foreign reserves)
Dude, public infrastructure in Kuala Lumpur is miles better than whatever crap New York City has. The West is not as developed you think.
HEAVY DEBTH BURDEN
Singapore has well over 1 trillion of reserves if you count its 2 sovereign wealth funds. Some say over 2T.
Than why is the makaysian dollar so low?
There have Gold also not thedollartoilletpaper
Then why is the Ringgit so weak?
During my younger days, Malaysian currency was around MYR 3.00 to US dollar $1.00.. Now it's almost $5.00..Hmm
They never think to invest in gold instead of currencies.
Misleading title
The Asian financial crisis of 1997 was terrible. When Thailand collapsed, the whole of Asia was hit hard.
as long as there is a complication about SABAH and is not resolved, it will affect the development of MALAYSIA
Sabah is already resolved. Read the news. The Sulu Sultan heirs are required to pay $400,000 worth of damages. They live in papan housibg, where do u think they are going to find this money? Do u think they will think twice to fight this case again? Lol.
@@secrets.295 Do you think it's that simple? even the united nations agreed at that time. the hearth of the sulu people recognized that sabah is part of sulu. when the spark awakens, many people will be destroyed in this battle forever. only time waits for what we fear. concrete solutions are needed and the complication will never end.
@@alice.wonder...Msia is not an agressive countries & abide thru law ..that's why every disputes went thru discussion or court & as it is right now all the Sulu's claim has lose in court....whoever their backup will think many times as this will incurred huge costs & if they lose again then all the money gone....
@@alice.wonderPart of sulu? Who is sulu ? Where they re come from ?
@@fitrikhuzaini as far as i know sabah and sulu are from the same family and they are fighting.
Malaysia's foreign reserves compared with Taiwan's $567 billion is only "a drop in the ocean".
Why don't try to explain why Malaysia is in so deep a debt of USD 320+ billions even when blessed with rich natural resources like petroleum, rubber, palm oil, timber & etc...?? Better still, why its neighbour, Singapore is outperforming Malaysia many times better even with ' zero ' natural resources..??
Pls check Singapore debt amount….
Japan and Singapore both are the highest debt in the world
Malaysian ringgit 35% depreciation vs Singapore $ for the last decade tells the story of the state of Malaysia economy
Malaysia 😘😘😘
The quality of politicians explains why we have a sub par foreign reserves, cause they treat it as their personal account.
How is it that low compared to Singapore which has zilch resources?
zero resource zero resource..stupid kiasu who keep on repeating like a broken record repeating lee kuan yew propaganda. firstly, despite singapore has no resource, its neighbors are not evil to cut off any supplies of resources to it, ensuring singapore to be where it is now. this includes allowing oil n gas processing in singapore, water resource etc. stop being so kiasu..lets be happy for each other instead of so sour when malaysia somehow ok
Who put out this video? Uh,..., may I ask.
Because of pengkhianat SAKAU SAKAU SAKAU stollen $$$$$$$$ >> 200 BILLIONS off-shore RESERVES.
Only the same kind wud be envious for the same crime they couldn't have had make it
I dont think Malaysia has too much Foreign Reserves. Absolute reserve size comparison is not right; other metrics like months of imports is more relevant. 5 months of imports sounds like trouble. Malaysia spends too much of subsidies, I think. Politically, it is a sacred cow; people have become more dependent on this subsidies without regard of reality of prices in global markets. Productivity needs to be improved as well. Bank Negara Malaysia needs to recover some of the credibility it lost under the previous leadership and be more transparent. Just a quick brain dump :)
people will really struggle without those subsidies, instead the gov shud stop giving fund to it's citizen like br1m etc.
The government is slowly, but surely putting a stop to these subsidies, no pain no gain, people need to realize that to give more room for government budget to be used in a more productive way and thus grow the economy, it is a painful journey we all need to go through together
@@yeongvoonkang1966 Well said.
As a rule of thumb, a country has to maintain FX reserves at least 3 months worth of imports for it to be sustainbale. So 5 months for Malaysia is good enough. No need to panic. Our trade is always on surplus (Export>Import) and only 3% of Govt Debt is in Foreign Currency. Bring back GST and cancel fuel subsidy. That will put our fiscal condition in a better position.
@@0900370pian except that politics is not always that simple, bringing back GST or introducing any forms of alternatives will surely receive backlash from oppositions and their supporters, which can dampen the government 's political intention to push it through
Malaysia is always be the country in the middle…not the best but also not the worst..the problem is with our potentials we can do better than we can currently
Muhathir has 5 trillions in foreign banks
Really any proof
Okay..
That's misleading. Msia national debt is sinking the country.Another RM500 billion debt,
the country's drown like Sri Lanka. Grow up !
Have u seen singapore debt? 171.1% to gdp malaysia only 63.3% I dont know how u can compare malaysia to sri lanka. Malaysia is far more strong economy
Clickbait title. Getting annoyed with these types of channel
Follow singapore increase government revenue reintroduce gst 5 percent, our reserve will surely increase.
Country may be rich but people suffer, like many Singaporeans days and nights always think how to earn money until many commit sucide and mental problems, no live no happiness.
Thanks to Mahathir, Pak Lah & Najib era. Glad that some clown who calling himself PMX right now never had the chance to run this country back then.
You must be mistaken.
You must be dreaming.
Then why Ringgit is depreciating. SGD or USD to RM worries 😔
Malaysia's gold reserve is very low compared to Singapore. Malaysia also imports too much food annually or 60% of the annual demand. Despite there are many vacant land, food production and processing are still weak. Corruption is worst than 20 years ago. The current corruption cases should be able to reduce under ground economy and inefficiency.
@@zulfakaraspar2311 more to worry. God! Save my country
This not really show the real economy of the country. Lots of people here are getting a lot poorer. Big Cooperate and rich are getting richer. The strength of the currency going weaker on each passing year.
Neoliberal capitalism which the former PM Dr Mahathir embraced, is at fault. Year-on-year, percentage of labor income as a percentage of national income suffer either stagnation or reduction from time to time , whereas corporate profits as a percentage of national income kept increasing. With most of the income going disproportionately to the already rich , it is inevitable that the wealth gap between the rich and poor widens exponentially over time. The world over is headed towards late-stage capitalism. If things do not change for the better, expect more financially precarious working poor and destitution in the years ahead.
😮🙏 What?! Malaysia still needed to Repay RM$Trillion+ Ringgits of Foreign Debts with Interests as of 2023 ... Looking at the current management of the Malaysian finance & the treatments of Foregn Investments with so many illegal race & religion based boycotts & the looming 2030 European Union restrictions & high taxes on fossil fuels & unsustainability produce ... Malaysia's Petronas & Palm Oil industries will be greatly be impacted & thus the revenues of Malaysia will be affected if the government of Malaysia / Putrajaya , is still relying on the phasing out fossil fuel & palm oil industries instead of learning from other countries in dealing with the challenges of creating & investing in Eco-Friendlier & Sustainable industries now before 2030 , which is just 6 years from 2024! Malaysia should be planning & executing these Urgent Changes of Managing Future-Proof National Economic Master Plans 20 years ago! 🙏🕯🌍🕊🇲🇾
Where is Indos Nesos 😂
USD is risky. They are printing too much.
Do you stack gold/silver?
Hasil dari keberkatan , karna trlalu bnyak ❤❤❤❤❤❤❤
Nonsense ! Net debt. Reduce borrowing and start paying back or M'sia headng to more trouble. Weak Ringgit n inflation!
When Malaysia is admitted to BRICS, the country will be further protected from the fluctuation of the USD.
Flag seem wrong... At the beginning of the video
Is this the govt money or individual malaysian monies meaning it belongs to malaysian tycoons
The AFC 1998 taught us a lot 😂
Syok sendiri BS
Why Ringgit's diving against major currency each day. Why more ppl live below poverty line. Tell the truth, nothing to hide.
Therefore, there is no-reason to go anywhere except grow the economy for 2024.
The flag shown in the video is malayan flag, not malaysia flag.
You can't even get the right flag for Malaysia...
Malaysia
Rich country, poor people 😢
Far richer in GDP per capita and income compared to the Philippines (5x more), Indonesia (3x more) and Thailand (2x more)
The problem Malaysia is debt
@@yogasetiaone Debt as a percentage for Malaysia is still lower than the Philippines, Indonesia and even Singapore. Malaysian debt levels is 87% of GDP compared to 150% of GDP by Singapore. Also Malaysia has one of the highest debt servicing ratios in Asia, which is why it has an A- and BBB+ credit rating compared to the B- and C of other Southeast Asian nations. Meaning countries and world financial institutions have more confidence in lending to Malaysia compared with lending to Indonesia, Philippines, Thailand and Vietnam, all of which have difficulty getting foreign loans (except from China).
@@yogasetiaone Not a Problem because all countries have debt and some of them are more than Malaysia's debt and still can be a rich country
Poor? Use your brain lah. The key index to assess the standard of living for any country is GDP (PPP) per Capita.
Malaysia reserve is in muhathir bank😂😂😂😂
Malaysian politicians are ....rich ... cause they are successful business man 😂
Alot of companies left malaysian market due to:
1. Political instability
2. Exposed corruption that haven't been totally solved.
Thanks to Madanon bmx...🤣🤣
Corruption issues need to be solved before the country can progress
What company? Can u at least gave us link or anything to support ur nonsense
Nicest 10 mins joke 😂
Please don't make content about Malaysia that our neighbors don't like it 😂
dah ada 2,3 org nasionalis sontoloyo harga mati seberang mula provok..
What
Why not Singapore? Isn't it more impressive? Despite having a population few times smaller, we still have more reserves than them.
Because Spore has shit amount of debt. Their debt to GDP ratio is 171.1 percent. Waiting to burst.
@@0900370pianyou referring to gross debt not net debt.
@@0900370pian Lol, when you tell only half the story, of course it paints a different picture. Singapore has zero net debt. Singapore borrows to fund infrastructure projects that turn into assets once completed. Deposits from foreign sources into the banking system is also considered debt. But this is only considered gross debt, that's why Singapore's credit rating is still AAA. Singapore has not borrowed to run the country, hence zero net debt.
I owe you, you owe me.. this is getting a bit confusing.
get rid of those dollars asap. coz the yuan will substitute
they also use it to fund islamists ideology in asean...
Dont slander..dont make more sins
@@sitimrs3221 your sin is you funded insurgencies in mindanao that has led to the chaos in the area a decade ago.. stop sinning
@@incognitoadventuretalk shit. Give proof la kiasu
@@si5166 it is a known truth.. you have been doing it for 3 decades..
@@incognitoadventure talk shit again without proof? Waste time.
No it doesnt
Blame on Najib's thieving government OneMalaysia policy resulting in 10years of development setback.
1 dollar for ordinary Malaysian, 1000 dollars for himself and wife.
Look at what kind of system he was brought up with. A system, teachings and environment shapes a person.
This show that Anwar Ibrahim as PM is very capable and managing the country's finance in proper manner despite the 1MDB debacle. But Malaysia is plagued with race and religion issues that prevented Malaysia from becoming a Asian Tiger like Singapore. In the last election the racist party, PAS made headway with Hadi and Bersatu aka Muhyiddin using race and religion as their electoral motto. Malaysia will never come up if the country allow these parties to rule Malaysia like they did before the coalition of PH brought them down. Even arabic countries do not use race and religion to win election but PAS and Bersatu use these 2 issues as their only program to make headway. AS LONG AS MALAYSIAN ALLOW PAS AND BERSATU TO RULE BY RACE AND RELIGION THE COUNTRY WILL ALWAYS REMAIN A BACKWARD COUNTRY AND HAMPER IT'S ECONOMIC PROGRESS.
Malaysia must export Corruption and greediness to be great.
Don't understand
Malaysia is more disciplined than Filipinos.
Malaysia's foreign reserves would be twice or even thrice 110 billion USD if its leaders before Anwar were not such robbers!
Bang non himself is a robber 😂😂😂
By squeezing money from the public !
Malaysia's foreign reserves are mostly still in Malaysia, but inside the pockets of UMNO and PAS members and their cronies.
Who is holding that reserve?? Check that before you open your big mouth..LOL 😂
Haha. RM4.60:1$
For a huge country to have only 115B in reserves as compared to tiny Singapore with 310B - No wonder the ringgit is so weak. Najib probably has 100B taken out from it ! LOLsssss
U shud compare singapore and malaysia debt then😂
😂..
When leader pro Western..
Why u use the WRONG MALAYSIA FLAG??? 6 star flag is not ours.... 😢😢😢
At least Malaysia economy is recovered, unlike China. Chinese economy crisis is worse than during pandemic era. We also never become like Sri Lanka.
How come not examining how much Malaysia is owing which is about 3 times more than their reserves??
India have the highest desi cow dung reserves.
Malaysia flag,how lazy BA graphic could be.
pls reuplaod it again. the video lags
DUMP THE DOLLAR. SELL OFF THE BONDS!
BUY GOLD!
Ie
Dupp Ohhhh Dupp!! Lets just blame it on DAP lah!!! Isnt that always the case 😅
All that patreon money, streaming, web writing, and onlyfans money 😅 malaysian boleh!
scammer company also can cari makan in this country...
Its a blessed country but unethical people and politicians
DAP cause so much troubles
@@gkdijeiwhheuheyhwygwyhgst5308 hidup DAP!! Now we are power
@@vincetan89 controlled by Umno. Mouth kept shut in order to stay in power 🤣 🤣🤣🤣
this guy is terrible at country flags
Seriously big cannon
🇲🇾 is ranked 20th highest
🇸🇬 has 3x of 🇲🇾
Even tiny countries like HK / Israel much more than 🇲🇾
Google Statista foreign reserve ranking
Now compare myr debt to sgd
mengarut lah... buang masa aku ja tengok😏