2024 will be very bad year for Malaysia, says prominent blogger

Tuan Syed Akbar Ali 

In his brief comment, prominent blogger Tuan Syed Akbar Ali said that this year will be unfortunate for Malaysia.

"2024 is going to be bad, very bad," he said.

"That war in Ukraine must come to an end. 

"Also that war in Gaza and the shooting missiles in the Red Sea," he added.

Syed Akbar was referring to the article written by economist Dr Muhammad Abdul Khalid, PhD. The article was published by FMT yesterday.

Muhammad wrote that 2024 will be painful for the country.

Ringgit Scuba Dive: Current Account Surplus Decreased 30 TIMES Q3/Q4 2023. Exports fell 35.6% Q4.

Below is the content of the article summarised by Syed Akbar via his blog, OutSyed The Box, as published yesterday:

Q4 2023 current account surplus paltry RM300m (0.1% of GDP) 

Q3 2023 current account surplus RM9.1 billion (2% of GDP)

Exports fell 35.6% in Q4 2023

By Dr Muhammad Abdul Khalid, PhD.

Economy grew disappointing 3.7% last year, below govt estimates of 4-5%

Last quarter 2023, economy expanded 3%, lower than preceding quarter

Economic growth slowed from 3.9% in Oct to 1.4% in Dec 23

Diminishing current account balance 

Weakness in manufacturing sector

Slower tourism recovery post-Covid

Weakening ringgit 

Slow growth in real wages

Diminishing trade surplus

Current account balance getting smaller

Difference between exports and imports

Q4 2023 current account surplus paltry RM300m (0.1% of GDP) 

Q3 2023 current account surplus RM9.1 billion (2% of GDP) 

Closer to a potential deficit 

Impact will be severe

Ringgit will be affected 

Will require more US dollars to pay for imports

Ringgit weakest now since Asian Financial Crisis (1998?)

All-time low against Singapore dollar.

In 12 months, ringgit weakened 10% against USD, euro, pound

About 8% against Singapore dollar.

Weakness in manufacturing and services

Manufacturing losing momentum.

Grew just 0.7% in 2023 

Quarterly basis, shrank by 0.3% in Q4 

0.1% decline in Q3

Services sector notable dip  

4.2% growth in Q4

5% growth in Q3 

7.3% growth in Q1

Tourism

Chinese have yet to come back in droves 

Half as many visitors from China last year  

Singapore 40% of tourist arrivals last year.

Declining exports 

Net exports have declined  

Falling 35.6% in Q4 

Compared to 23% in Q3.

Major reversal from the 54% growth in Q1

What lies ahead

2024 will be challenging

Economy highly susceptible to external factors.

Persistent geopolitical tension affecting Suez Canal  

Weak global trade will put pressure on purchasing power

We need policies that boost investors’ confidence

Leaders who respect governance 

Hard-working, truthful to the public.

Conflicting narratives

Half-baked statements

Madani rice 

Fluctuations in ringgit

Delayed policy reforms

Confuse the public, investors 

undermine confidence, economic stability.

2024 will be painful year

The appearance and act on the above video are for illustration purpose only.

End©Permadu


By Fauzi Kadir,
Chief Editor

Assistant Editor
Jamaliah Mohd Salleh


Final editing and brought to you by
Fauzi Kadir CHIEF EDITOR

© 2023 Permadu Harmony Bersepadu
(Semua Hak Cipta Terpelihara)
All Rights Reserved 
Contact us at permadu@gmail.com

(DILULUSKAN UNTUK SIARAN OLEH LEMBAGA SIDANG PENGARANG) 
PUBLISHED UPON APPROVAL BY THE EDITORIAL BOARD  

Comments

Post a Comment

POPULAR POSTS from Permadu Malaysia

Beer, khalwat and a hundred other non-halal things

Image
In one undated video clip, it was recorded that PAS president, Tan Sri Abdul Hadi Awang as clarifying that offences of corruption are not included in Hudud law. Watch Video "Corruption is not part of stealing", so it's hudud-free  Don't get confused with Hadi's version of Islamic understanding, we could have misinterpreted his explanation   Some people say Malays are not very particular about corruption, but... " Malays are particular about beer, khalwat and a hundred other non-halal things. They should use their self-discipline to avoid the non-halal stuff, but instead, they want the government to do it for them. So, the government willingly obliges; it makes laws that make it criminal for any sin, for their in moral lapses ," said Datuk Zaid Ibrahim. Expensive to enforce moral offences Expressing his personal views on Islamic moral offences, Zaid said: " This means you need spies to peep through doors; enforcement officers; the courts; and other g
Read more

Satu demi satu agamawan problematik muncul, terkini Dr Mashitah Ibrahim

Image
Selamat menyertai Kelab Agamawan Problematik Nampaknya seorang lagi tokoh agamawan, pendakwah, penceramah motivasi keagamaan dan ilmuwan agama kelihatan terjebak di arena kontroversi berkaitan perlanggaran undang-undang negara yang serius. Jika sabit kesalahan, membolehkan seseorang pesalah dihukum penjara. Bagaimanapun, ini baru di peringkat siasatan. Oleh itu, ikutilah perkembangannya tanpa prejudis.  Itulah Datuk Dr Mashitah Ibrahim ( gambar, atas ), bekas menteri dari Barisan Nasional, pernah menjadi ahli Parlimen Baling, Kedah. Kepopularan Mashitah bermula di era 80an apabila sering muncul menjadi panel penceramah agama dalam rancangan TV Forum Perdana terbitan RTM serta lain-lain program ketika itu. Kegemilangan Mashitah berada di puncak selepas dilamar kerajaan memerintah, seterusnya bertanding di pilihan raya, menang menjadi ahli Parlimen dan seterusnya dilantik sebagai timbalan menteri. Dalam perkembangan berkaitan, media melaporkan  Polis Diraja Malaysia (PDRM) telah membuka
Read more

Representing 22,000 lawyers, Malaysian Bar to challenge Pardons Board's reduced Najib's jail sentence and fine

Image
Media reported the Malaysian Bar has filed for judicial review to challenge the decision of the Federal Territories Pardons Board (FTPB) to halve former prime minister Datuk Seri Mohd Najib Tun Abdul Razak’s jail sentence and reduce the fine in his SRC International corruption conviction. In the application filed by solicitors Messrs Amir & Rajpal Ghat in the High Court last Friday, the Bar, which represents 22,000 lawyers practising in Peninsular Malaysia, sought a declaration that the board’s collective decision was unlawful, unconstitutional and void, according to FMT . It also requested an order of certiorari against the board to quash the FTPB’s decision. The board and Najib are named as respondents to the application. The Bar also wants a permanent injunction restraining Najib or his agents from submitting any application for pardon, reprieve or respite to the board until all criminal charges against him have been exhausted. The Bar said the injunction should remain in force
Read more

Sultan Ibrahim tidak akan melayan sama sekali mereka yang melobi untuk mendapat gelaran Tan Sri, Datuk

Image
Ya ng di-Pertuan Agong Sultan Ibrahim berkenan memeriksa Kawalan Kehormatan Utama dari Batalion Pertama Rejimen Askar Melayu Diraja (RAMD) sempena Istiadat Menghadap dan Pengurniaan Darjah Kebesaran, Bintang dan Pingat Persekutuan 2024 di Istana Negara hari ini. GAMBAR BERNAMA Yang di-Pertuan Agong, Sultan Ibrahim hari ini memberi amaran akan menarik balik darjah kebesaran, bintang dan pingat Persekutuan daripada penerima yang terbabit jenayah, mencemarkan nama negara atau dihukum oleh mahkamah, agensi berita rasmi negara, Bernama melaporkan. Banduan dan mereka yang dihukum mahkamah, mencemar nama baik Malaysia, gelaran mereka akan ditarik balik Baginda bertitah, setiap penerima yang sudah dipilih seharusnya bersifat jujur dan amanah kepada pemerintah, menjaga tingkah laku dan tidak terbabit dalam kegiatan rasuah serta sebarang kesalahan jenayah.   "Sekiranya ada penerima yang mencemarkan nama negara atau melakukan jenayah dan dihukum oleh mahkamah, maka segala darjah dan pingat
Read more

Gaji CEO TNB khabarnya berjuta, tapi prestasi GLC itu macam tak sepadan

Image
Memalukan kerajaan negeri Johor, kata Menteri Besar Akhbar Harian Metro semalam melaporkan Menteri Besar Johor Datuk Onn Hafiz Ghazi menyifatkan insiden gangguan bekalan elektrik di Kompleks Kastam, Imigresen dan Kuarantin (CIQ) Bangunan Sultan Iskandar (BSI) Tambak Johor sebagai memalukan kerajaan negeri. Katanya, beliau telah mengarahkan pihak Tenaga Nasional Berhad (TNB) dan Jabatan Kerja Raya (JKR) diarahkan menyelesaikan isu terbabit. "Apa yang berlaku ini amat menyusahkan pengguna dan memalukan negeri. "Pihak TNB dan JKR telah diarahkan untuk menyelesaikan isu ini pada kadar segera," katanya dalam hantaran di media sosial. Terdahulu media melaporkan CIQ BSI di Tambak Johor di Johor Bahru mengalami gangguan bekalan elektrik lebih 12 jam dipercayai terjadi pada jam 8 malam tadi dan berlarutan hingga jam 10 pagi. Insiden itu menimbulkan keluhan dalam kalangan rakyat Malaysia yang bekerja di Singapura apabila terpaksa berbaris panjang dan lama kerana proses cap paspor
Read more

Imam, son and religious officer arrested — Alleged RM1.2m corruption involving marriage registration in Perlis

Image
A senior officer with the state Islamic Religious Affairs Department (JAIPs) was among three men remanded over alleged corruption involving marriage registration in Perlis. NSTP PICTURE BY AIZAT SHARIF A senior officer with the state Islamic Religious Affairs Department (JAIPs) was among three men remanded over alleged corruption involving marriage registration in Perlis, New Straits Times reported today.  NO MONEY NO RELIGION ,  says OutSyed The Box NST TV's Video dated June 5, 2024. Magistrate Puan Ana Rozana Mohd Nor granted the remand application when the 45-year-old officer and two other individuals, an imam of a local mosque and the latter's son, were presented to the court by SPRM, the Malaysian Anti-Corruption Commission (MACC). According to an MACC source, the men aged between 25 and 52 were remanded to assist in investigations over an alleged RM1,183,140 corruption case involving marriage registration in Perlis between April 2022 and June last year. The source said t
Read more

Jabatan Penjara Malaysia jawab "Abang Mat" mengenai layanan kepada Anwar sebagai banduan

Image
Media tempatan melaporkan Jabatan Penjara Malaysia menegaskan dakwaan seorang individu mengenai layanan istimewa terhadap Datuk Seri Anwar Ibrahim ketika menjalani hukuman di Penjara Sungai Buloh adalah tidak benar serta berniat jahat. Menerusi kenyataan, jabatan itu berkata pihaknya telah meneliti wawancara individu berkenaan yang mengaku sebagai bekas banduan di penjara Sungai Buloh menerusi sebuah rakaman video di Youtube. TONTON VIDEO👇 Video dari YouTube bertarikh 3 Disember 2023. Menurut portal berita arus perdana Malaysiakini , individu itu, yang mmperkenalkan dirinya sebagai ‘Abang Mat’ antara lain mendakwa terdapat "blok VIP" di penjara untuk ahli politik, dan Anwar pernah memintanya untuk membersihkan bilik berkenaan. Menjawab perkara itu, jabatan penjara berkata, tiada bilik untuk menempatkan banduan VIP di Penjara Sungai Buloh dan mana-mana penjara lain seperti didakwa individu terbabit. "Anwar telah ditempatkan di klinik Penjara Sungai Buloh di atas pengesyo
Read more

Guna air-air janggut, kaki, rambut dan gigi dalam masakan tidak benar, kata pemilik, pembimbing rangkaian restoran

Image
Mufti Perlis Datuk Dr Mohd Asri Zainul Abidin Laporan polis dibuat terhadap Mufti Perlis dan dua individu lain kerana " memfitnah " , berdepan kemungkinan tindakan mahkamah jika tidak minta maaf Sebuah portal berita popular melaporkan syarikat GISB Holdings Sdn. Bhd. menuntut permohonan maaf dalam tempoh tujuh hari daripada tiga penama yang disenaraikan menerusi tuntutan notis yang diberikan pada 23 dan 26 Ogos lalu. Menurut portal berkenaan,  MalaysiaGazette , ti ga individu itu ialah Mufti Perlis, Datuk Dr Mohd Asri Zainul Abdidin, Timbalan Mufti Wilayah Persekutuan, Dr Jamali Mohd Adnan dan Al Ustaz Daud Lin Abdullah.   Timbalan Ketua Pengarah Pentadbiran GISB Holdings, Encik Mokhtar Tajuddin ( gambar, atas ) berkata, mereka didakwa telah melemparkan fitnah, tohmahan dan kebencian terhadap syarikat itu menerusi media sosial.   “Dalam ucapan Maza (Mohd Asri) ada menyentuh beberapa isu antaranya berhubung gangsterisme yang dikaitkan dengan penularan klip video dalam media s
Read more

Jokowi, anak beranak, ipar dan menantu cuba kontrol Indonesia — rakyat hilang sabar, mula membenci Jokowi, berdemo, membakar

Image
Cubaan menjadi presiden bagi penggal ketiga ternyata gagal ! Mahasiswa melakukan tunjuk perasaan di banyak kota utama pada Ogos lalu bagi membantah semakan rang undang-undang pilihan raya tempatan Indonesia. Apakah legasi yang bakal ditinggalkan oleh Presiden Joko Widodo (atau lebih dikenal sebagai Jokowi)? Manipulator politik yang licik? Apakah imej seorang pemimpin yang benar-benar berhati rakyat? Atau seorang manipulator politik yang licik? Apakah beliau akan diingat hanya sebagai pembina dinasti politik keluarga yang dibenci oleh rakyat? Pada 20 Oktober ini berakhirlah dua penggal kepimpinan Jokowi, presiden Indonesia yang ketujuh. Prabowo Subianto Beliau akan digantikan oleh Prabowo Subianto yang memenangi Pilihan Raya Presiden (Pilpres) pada bulan Februari tahun ini. Wakil atau timbalan presiden Prabowo kelak adalah Gibran Rakabuming Raka ( gambar, atas ), anak sulung Jokowi. Pada asalnya, gaya hidup ala orang miskin Sejak awal sebagai presiden, Jokowi membawakan potret 'oran
Read more

Handsome anak lelaki tunggal Anwar Ibrahim dan Wan Azizah

Image
  Ke-handsome-an Mohd Ihsan melayakkannya menjadi artis selebriti macam Dafi, anak PM Ismail Sabri Mohd Ihsan Anwar Ibrahim Sepasang suami isteri yang sentiasa matang dan sejahtera Siapa tak kenal ahli parlimen Permatang Pauh Anak-anak perempuan pun apa kurangnya.. cantik, manis dan menarik Nurul Nuha Anwar Ibrahim Nurul Ilham Anwar Ibrahim Nurul Iman Anwar Ibrahim Nurul Hana Anwar Ibrahim Rakyat Malaysia tumpang gembira Gambar-gambar dari hantaran Princess Nur Jannah di akaun Facebook Dr Wan Azizah Wan Ismail hari ini. End © Permadu Disediakan oleh Jamaliah Mohd Salleh Penulis Berita Permadu Malaysia Dibawa kepada anda oleh Ketua Pengarang © 2021 P ermadu Harmony Bersepadu Semua Hak Cipta Terpelihara E-mail  permadu@gmail.com Permadu DILULUSKAN OLEH JEMAAH SIDANG PENGARANG
Read more