Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

Forex Currency Charts: Exchange Rates Malaysian Ringgit Against Major Currencies Published By Bank Negara Malaysia (BNM)

Since beginning of this year, I started to have interest in foreign exchange market when a deal involving a foreigner purchase of landed property. Investor Forum Business Daily | Exchange Rates History| Malaysian Ringgit versus US Dollar. That was the time I started my monitoring.

A glass could be half full or half empty. Depending on how you view it. For us as investors we would like to look from the perspective of how turn the tides around with data. As history been mentioned, Malaysia started to pegged the ringgit against greenback (US dollar) in September 1998. For a duration of 7 years till July 2005 the ringgit was pegged at the psychological threshold of RM3.8000-to-a-dollar. Bank Negara Malaysia (BNM) did the capital control during Asian financial crisis (AFC). 

Fast forward exactly 10 years after lifted the peg, the Malaysian ringgit went above the 3.8000 threshold again and that happened during last two weeks. Are we in for another financial crisis (again)? What is your opinion? Trying to connect the dots. The local note was also traded lower against other major currencies except the Euro (refers to the graph) during the one year snapshot. At the closing last Friday (24 July 2015), the Interbank Foreign Exchange Market in Kuala Lumpur recorded 3.8080/3.8100 .

This is your opportunity to invest in Penang. Apparently with current scenario, foreigners might want to invest their hard earned money here. Malaysia has initiated her Malaysia My Second Home (MM2H) program with various incentives. MM2Home | MM2H Forum Expat Malaysia| MM2H requirements | MM2H news. Recently a group of 6,000 tourists from China under their company trips made their way to Penang and Langkawi Island. It was reported 3,000 tourists spent their holidays in Penang while the other 3,000 tourists spent theirs in Langkawi Island located north of Penang Island.

George Town Festival 2015 (GTF 2015) celebration in the month of August. As part of George Town inscription on 7 July 2009 as UNESCO World Heritage Sites, the #GTF2015 will features arts, culture, heritage and community events to celebrate throughout the festive month. This is another opportunity to get to know Penang better. Previous year events: UNESCO World Heritage | Month-long celebration at George Town Festival 2013.

Malaysian Secondary Property Exhibition (MASPEX2015) Penang Edition is around the corner: Penang MASPEX 2015 Reboot In Queensbay Mall from 13 Aug 2015 to 16 Aug 2015. This is the 3rd edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 6,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties. There will be property talks' sessions to cater for buyers to enhance their knowledge on status updates for Affordable Housing in Penang and Penang's infrastructure projects with their impacts on Penang Property Hotspots.

Reference: Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Penang City | UNESCO World Heritage | The Last Few Heritage Hotels For Sale

This is the exordium of heritage sale simultaneous with George Town Festival 2014 ( #gtf2014 ) that Penang is celebrating in the month of August.

Property For Sale: Double Storey Heritage Hotel.

Feature Location: Situated within Penang UNESCO Heritage Zone, Malaysia. 

Total Land Area: 1823.9986 meter sq 

Price: RM20,000,000.00 (USD6,250,000.00)§

Per square foot(psf): RM1018 (USD318)§

Suite of room: 37 rooms.

Parking bays: 15 cars.

Vicinity: Yeng Keng Hotel, Towne House Hotel, Oriental Hotel, Cititel Penang.

History: This boutique hotel had been a destination for budget travelers.

Call us today at +6 016 451 1321 for more details and arrangement for free viewing of the boutique heritage hotel.

Penang iProperty | Malaysia | UNESCO World Heritage | Month-longcelebration at George Town Festival

May 29, 2013

On July 7, 2013, George Town will be commemorating its 4th year of being included in the UNESCO World Heritage Listing.

Through the month-long George Town Festival (GTF), which began in 2010, people from all walks of life throughout the world will be coming together to this place to witness amazing performances in the fields of arts, music, dance, theater, and opera.

The GTF is also attended by international media giants like CNNgo, The New York Times, and Wall Street Journal who cover it for the world to see.

This year, a lot of activities and exhibits have been prepared for everyone to witness. The following are the highlights and the dates that they will be featured:

Bambu at the MPPP Town Hall (June 7 to July 7). The Joko Avianto installation will be unveiled on June 7, is expected to attract photography and arts enthusiasts from all over the world.

I Musici at Dewan Sri Pinang (June 7). I Musici is Italy’s oldest and most renowned chamber music group who will be presenting excerpts from classical compositions of Italian musicians. It will also feature an interpretation of the Four Seasons of Antonio Vivaldi.

Taking Off at Esplanade (June 8). To add colour to the opening ceremony of the Penang George Town festival is Taking Off where master kite flyers will be showing off their kites to onlookers. Expected participants are the representatives from the ASEAN Kite Council. Don’t miss to get one of the free kites to be distributed later in the evening.

Obscura at various venues (June 20-30). Photography works of amateurs and professionals, including those of Maggie Steber and Ian Teh, will be publicly exhibited in Obscura. Talks and forums, workshops, as well as portfolio reviews, will also be held to enhance the skills of the participants.

Sutra at Dewan Sri Pinang (June 29-30). A brand new dance work will be presented by Flemish/Moroccan choreographer, Sidi Larbi Cherkaoui. Inspired by the strength, skill, and spirituality of the Buddhist Shaolin monks, the dance involves 21 wooden boxes on which the dancers display their moves.

Pro Musica Gala Concert at Dewan Sri Pinang (July 6). Having performed during last year’s George Town Festival, Pro Musica features four international opera singers namely Julie Mossay, Ines Madeira, Enrico Casari, and Laurant Kubla.

Secret Gardens of Earthly Delights at George Town, Penang, and other venues (June 7 to July 7). Considered as a unique feature of the George Town Festival this year, the Secret Gardens of Earthly Delights features 10 gardens, 10 sites, and 10 artists. This project captures and reflects the heritage of both George Town and Penang.

Though not all of the events are ticketed, interested audience may get their tickets online. Visit George Town Festival website or view online programme booklet for more information.

Back to Main Page: www.VulcanPenangProperty.blogspot.com | International Page:www.VulcanInternational.blogspot.com

GTF | George Town Festival

GTF | George Town Festival | 7Jun2013 To 7July2013

Pro Musica features four international opera singers namely Julie Mossay, Ines Madeira, Enrico Casari, and Laurant Kubla.

GTF 2013| Buddhist Shaolin monks