credit when it falls due

a recent read through the newspapers will inform you about the crisis that might hit the europe region due to heavy borrowing. and the leaders of those countries are asking for assistance from the stronger counterparts. the only question, who is not affected? ohh, i know, the asia region.

but should the asia region be comfortable as the demand and supply of the economics will indirectly impact us as economy gets globally integrated. fortunately, an article gives me comfort stating that malaysia has moved up the credit rating from AA to AAA. this shift is a good news for my country. it not only credited that malaysia has strong capital to repay any borrowing it has at the moment, the foundation of bank system is advised as strong and sound. while i feel ashamed that the government is heavily in debt, be it for the ETP or for political reason due to impending election, i feel glad that malaysia will not fall to such a disgrace like the europeans and americans.

as a fellow working citizen now, i think the credit rating attained by malaysia should be given credit to bank negara. bank negara malaysia (BNM) imposes a strict guideline for bank to follow. while the world follows international guidelines, BNM has stricter guidelines, giving banks in malaysia a stronger buffer. if anything hits malaysia, at least the buffer will provide a level of comfort to depositors and investors. kudos. while it is a simple act of stricter guideline, i cannot understand while our fellow friends from across the globe could not understand such simple fundamental concept. it works fine even at individual level. if you want to borrow money, make sure you have enough saving to repay when it falls due. do not always expect help from others to solve your problem. is it difficult to understand or are you too engross with your model that always seem too perfect?

i believe malaysia banks find it hard to follow the BNM guideline but i believe being prudence has its benefits. by praising BNM, we should also give praise to the leader of BNM, being the gabenor of BNM, Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz. without her policy, i believe we will not be able to enjoy the favourable rating. as much as i would like to say the pasture is greener on the side, i think for now, the grass is definitely greener in malaysia, at least in the financial service line. there is so much potential and opportunity that i feel shameful for degrading the potential it has before i know it better last time. let's see how long the grass is greener in malaysia.  i definitely feel a little excited. 


5 years ago, i was presented with Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz by a fellow classmate about her idol. in her humblest opinion, she thinks the only reason she stops at gabenor level and not the Prime Minister is because she is a Muslim and Islam believes that female always should be a supporter, rather than a leader of a nation. shame. such strong individual being restricted of her potential. from what one can see of the current leaders that we have, i cannot help but smirk, looks who is talking now. the big boys and acclaimed leaders are heavily misappropriating funds and misusing the budget. consequently, the supporter has to have the iron hand to control the excessive spending by having the private sector to have buffer. ohhh, it is just my little humble opinion. nothing said here is directed to any specific individual. if you terasa pedas, maybe the only reason is you termakan the cili padi.


blogger feels at times you need a great supporter to hold the nation together, be it male or female. isn't it time to move beyond gender and religion to grow as a nation?