Discover and read the best of Twitter Threads about #Ringgit
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Did the Asian Financial Crisis (1997) had any influence in the 2008 crisis?
@GARP_Risk
@GARP_Risk
No, Not really!
#SOX Compliance came after ENRON and WORLD COM Frauds and Financial Reporting Failures.
You cannot mix the two events.
#SOX Compliance came after ENRON and WORLD COM Frauds and Financial Reporting Failures.
You cannot mix the two events.
Asian Financial Crisis came about as a result of Unsound Macroeconomic Policies, disrespect for stabilization, excessive price competition among trading nations, lack of Asset Liability Risk Management done at the Central Banks, monopolistic market structures,
Don’t worry about #Malaysia ’s #GST repeal, higher #Oil and sales tax will help. #ge14. The BN lost control of government. Dr. #MahathirMohamad stated that he will repeal the goods and services tax (GST) and replace it with the sales and services tax (SST). Why? @chedetofficial 
#Najib passed the #GST to offset declining revenue as dependence on #oil backfired when oil prices collapsed. It's a tax on the final consumer & generates more tax revenue than the SST. In 2017, GST was 25% of the total tax revenue and 3.3% of GDP - key reason people are negative
But what's key is the rise of oil, which raises oil tax. So #GST becomes less key! Look at the relationship b/n oil and oil tax. Very strong! We assume oil rises to 73 (basically now) & 10% increase of subsidy, & SST revenue (less than GST). Let's look at what happens to fiscal
