Fitch downgraded Malaysia credit rating outlook to negative

Even though I am not too agreed but it serves as a good warning to BNM and our policy makers. GDP deficit widening and household debt sky rocketed.

Unproductive loans prevailed together with unnecessary spending. E.g. Car prices and loans that need to protect national car. Lower the car price and increase the petrol price to tax by usage basis.

We will have continue problems because politics put in front of economy. But I think Malaysia still lucky. Because Fitch does not factor in resources that Malaysia owe like Oil and Gas. Explored and unexplored.

But it did serve as a good warning that the day may come if we are still like the current mode of managing our economy.

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