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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog at

Up ↑

%d bloggers like this: