Is Malaysia will experience a severe economic crisis?

Assalamualaikum..

Today, I just want to share about Malaysia economic crisis. As we know, this year, Malaysia have a lot of issue. So, these are some of the issues :

1. After Malaysia Airlines @ MAS terminate 6,000 employees in June this year, NAZA in Gurun Kedah also terminate their staff of 300 people last August.

2. CCM factory in Shah Alam has been closed. 200 workers lose their jobs

3. Factory Ansell and JVC also in Shah Alam also been closed. 200 and 300 workers are to lose their jobs.

4. RHB Bank will lay off 2,000 workers through the organization VES @ Voluntary Exit Scheme. They do helps remove CIMB Bank in Malaysia 1800 workers and 2200 in Indonesia

5. Maybank has been and is implementing ERS @ Early Retirement Scheme. Can not confirmed the number of workers who will be laid off

6. Kuwait Finance House will shut down all operations and their businesses in Malaysia. Negotiations are being conducted with the bank that will take over their operation Include assets and liabilities. When there is M & A: Mergers & Acquisition or buy over, some staff will be laid off

7. Today ringgit continued to fall against the USD KPD RM4.35. Ringgit is expected to continue falling until the end of the year

8. The inflation rate will continue to rise, unemployment will increase, and purchasing power will decrease, especially on year 2016 later.

9. Private Sector currently in the process of reducing staff and recruitment freezes.

10. The Government will reduce the budget to all ministries. PM Najib's yesterday gives signal university in which he urged the public to take the initiative to find their own funds and not only independent state aid

11. The political and non-economic stabilization prevents investors from outside the country to invest in Malaysia. No economic impact of emerging and established jobs failed

12. The weakness of the ringgit and rising inflation forced the government to import goods from abroad for a song more expensive and pay off debts with higher value.

13. The result is high lbh tax will be charged KPD dealers which would result in higher prices for goods and services

14. The impact will also convey to the people where the poor more than the rich had to pay more for goods and services, subsidies will also be withdrawn as has been done accuse the price of petrol and diesel. Subsidy others will also be withdrawn or reduced. Purchasing power would fall further

15. Although the economy is not favorable, house prices will rise. Bank will tighten lending conditions led to the process of buying and owning a home more difficult.

They are an indication of Malaysia was and is going through a severe economic crisis and the worst will be affected by the masses particularly on those without fixed income, low income, and simple. Coupled with the deepening political crisis, the future of the country, especially the younger generation KPD and generations to breakouts seen as dark and gloomy.

obesity in Malaysia

According to statistics, Malaysia is the country with the highest percentage of obesity in South East Asia.

Overweight or obesity is a chronic disease that is spreading among the people of the world and Malaysia in particular. New scientific discoveries, obesity is a disease that turns an adverse effect on health and contribute to serious illnesses in people who are prone to obesity, especially heart disease and diabetes.

Risk factors for obesity include:

1. Age
-Increasing age will lead to decreased metabolism. Thus will significantly increase the weight even if there was no change and increase in dietary habits in terms of the number, type and frequency.

2. Gender.
-Women have a greater probability of becoming obese than men. This is because women have a low metabolic rate that is higher than the rate of metabolism in men. The obesity problem will become acute when women reach menopause.

3. Heredity.

4. Physical activity.
-Less physical activity and nutritional care is not a very important factor in the increase in obesity.

5. Psychological factors.
-Many people who overeat when under pressure or have emotional instability.

6. Disease.
-Although infrequent, obesity can occur in patients who have hypothyroidism disease, depression or disease in the brain, causing the patient to overeating.

7. Medications.
-Medications such as steroids or medicine to treat depression may contribute to obesity.

Effects of Obesity
-Obesity contributes to many chronic diseases that can lead to death or morbidity. These diseases can degrade the quality of life for patients. Among the diseases caused by obesity:

1) Diabetes Mellitus
2) Hepatobiliary disease (fatty liver and gallstones)
3) Dyslipidaemia (high cholesterol)
4) Metabolic syndrome
5) Sleep apnea
6) Coronary heart disease
7) Cerebrovascular disease
8) Heart failure
9) High blood pressure (hypertension)
10) Osteoarthritis
11) Gout

Therefore, let us adopt a healthy lifestyle for our future as well. Drinking plain water is 3 liters and also working out two times a week even if I was okay.

And remember what we ate contribute 80% and exercise alone accounted for 20% only.

Why is the value of the ringgit falling?

How low has the ringgit fallen?

Before closing on 3 December 2014, the ringgit dropped to as far as 3.4455 to the US dollar – the weakest it had been since February 2010.

In the first quarter of 2015, the ringgit’s value continued to weaken. On 11 March 2015, the ringgit traded at 3.7105 to the dollar. The Malaysian Insider reported that there was the perception of a “looming crisis”, with the value of the ringgit being close to 1997 levels.

On 8 June 2015, the ringgit dropped to 3.7743, the lowest since January 2006. On 9 June 2015, it fell to its lowest value against the Singapore dollar in 30 years, trading at RM2.77 to the Singapore dollar.

On 6 July 2015, it was reported that the ringgit had dropped to its lowest level in 16 years, falling to 3.81 to the US dollar. When the ringgit was pegged to the dollar in the aftermath of the Asian Financial Crisis of 1997, it was set at 3.8.

On 12 August, the ringgit fell to RM4.0025 against the dollar, the lowest in 17 years.

What caused the drop in the ringgit's value?

A combination of several factors:

- Firstly, the lower value of oil. As oil is one of Malaysia’s main exports, the declining price of Brent crude oil of 38% from its June 2014 high is affecting the currency.

- As questions over Malaysia’s 1MDB debts have gained global attention, this has also affected confidence in the ringgit. Former Finance Minister Tun Daim Zainuddin was one of those who blamed the 1MDB financial debacle. However, those defending 1MDB also blamed the former Prime Minister Tun Dr. Mahathir Mohamad’s criticism of the government for the weakening currency.

- In July 2015, media reports that Prime Minister Najib Razak’s personal accounts were involved in the transfer of USD700 million of 1MDB money have caused further weakening of confidence in the currency.

- The falling value of the ringgit in June 2015 has also been attributed to the prospect of the US increasing its interest rates.

- On 11 August 2015, China devalued its currency which caused other Asian currencies to suffer and pushed the ringgit down further, as the devaluation of the yuan strengthened the dollar.

Currency in Malaysia at 14 September 2015

So as Malaysians, we should work together and strive to improve our national currency since most countries do not receive any ringgit from Malaysia for example Egyptian and China.