Archive for the 'Economics' Category

In the past week or so, there were several news reports stating that Malaysia was regressing backward relative to the high-income country GNI benchmark of $15,000 per person by 2020. The Economic Planning Unit showed the figure fell to $9,291 in 2015 and to $8,821 in 2016, from $10,677 in 2014.[1] From the figures alone, […]

One of the better things Malaysia experienced on the policy front is the abolition of fuel subsidy and the introduction of targeted/conditional cash transfer as a replacement. While the mean-tested nature of the transfer has been less the ideal (due to loose conditions) and appears uncorrelated to what the subsidy would have been (its discretionary nature […]

The final quarterly GDP figures will out next week on February 16. The GDP grew 4.3% YoY in the third quarter, up from 4.0% YoY in 2Q16. In the first quarter of 2016, it was 4.2% YoY. So, as the game goes… Judging from industrial and import figures, I would think the domestic demand part of […]

There is a very good article published in the Malay Mail over the weekend.[1] It is about the brisk sales of high-end cars like BMW and Mercedes in Malaysia while entry-level, compact cars like Perodua are doing badly, and the consumption pattern in the economy by income levels. [The divergence car sales by prices are part of […]

Terence Gomez is embarking on a massive project investigating quantitatively the influence of government-linked companies in the Malaysian economy. The dominance of government in business and in the economy is no mystery. What is special here is that he is analyzing the numbers more comprehensively than many had done before. He is currently focusing his research at […]

The Department of Statistics will release the third quarter GDP numbers this Friday. Growth, I think, unlikely to be pretty and will likely be the worst so far yet this year. This slowdown has lasted longer than I expected but the good news is, I think we might be close to the trough. There is not much […]

Has Malaysia eliminated identification of race by economic function? I have been thinking about this casually over the past several years, ever since that one afternoon when I wanted a cold drink and began to take notice the ethnicity or nationality of the men and women working as waiters at various restaurants and cafes. I […]

New York has the Empire State Building. Think of Paris and the Eiffel Tower comes to mind. Cairo is inseparable from the Pyramids. Singapore has the smaller but not less iconic Merlion. George Town has the Penang Bridge, if you take a liberal view of the city’s boundary and ignore the unpleasant monolith towering over […]

I read a nice little article on the New York Times today on the history of British foreign trade policy during Elizabeth I. Here is an excerpt: Elizabeth’s Islamic policy held off a Catholic invasion, transformed English taste and established a new model for joint stock-investment that would eventually finance the Virginia Company, which founded the first […]

The GDP growth for the second quarter decelerated further to 4.0% YoY from 1Q16’s 4.2% YoY. But the most interesting GDP component ever since the GST was implemented in April 2015 is private consumption. And there was a huge jump in that part of the equation. The 2Q16 private consumption expanded 6.3% YoY from 5.3% YoY in […]

Next »