On Price Theory and the Economic Way of Thinking: https://www.linkedin.com/feed/update/urn:li:activity:7184909807168991232 '

The Center for Market Education is about to launch a new product: the CME Monthly Espresso - the political economy bulletin that rocks!

Contact us at centerformarketeducation@gmail.com for more information.

https://www.youtube.com/watch?v=9-O7fbHpwdE

Center for Market Education CEO, Dr Carmelo Ferlito, said while an attempt to preserve Malaysia's competitiveness was welcomed, in particular in a crucial sector like semiconductors, the effectiveness of the masterplan was questioned.

Instead, he said, the government should focus on designing a broad, comprehensive pro-competitiveness bill to establish the nation as a regional investment hub.

"I tend to be sceptical about the usefulness of masterplans, blueprints and strategic plans, which often turn out to be not much more than well-crafted wish lists.

"Instead, the government should move more in the strategic direction of designing a broad and comprehensive pro-competitiveness bill, similar to what Indonesia did with its Omnibus Law.

"In fact, Malaysia should aim to restore its place as a preferred regional investment destination not only for semiconductors, but in general.

"What I have in mind is what was designed in the past with schemes like the principal hub designed by the Malaysian Investment Development Authority and which needs to be upgraded in light of the regulations that came afterwards."

Ferlito highlighted Malaysia's potential as a regional hub, emphasising the need for a holistic approach that included simplifying business registration, fair taxation, access to labour and a robust banking system.

https://www.nst.com.my/news/nation/2024/04/1039185/semiconductor-strategic-plan-should-include-investor-friendly-policies

Center for Market Education CEO, Dr Carmelo Ferlito, opined that targeted subsidies is a radical change for the economy, which will be painful in the short term but very much necessary going forward.

"Decades of generalised subsidies have created heavy distortions. Subsidies, which alter the system of relative prices, have become so normal that it is difficult for individuals, households and businesses to imagine a world without them, how prices would be without subsidies.

"Such a distortive mechanism has been in place for so long that it will make it difficult to adjust. So, I do believe that the government should move forward with the rationalisation, but gradually," Ferlito noted.

He added that since the mechanism to be used is still largely obscure, it would be good to start on a smaller scale.

This approach would allow for fine-tuning of the mechanism and adjustment of any potential imperfections before implementing it on a larger scale.

When asked about the timing of implementing targeted subsidies amid warnings from the International Monetary Fund about a weakening global economy, Ferlito remarked that it seems rather inevitable.

He said the real issue is that such a system should have been avoided from the start.

"The fact that people got used to it does not mean it is a good one. It is appropriate to move forward with it," he added.

Ferlito also noted that with targeted subsidies in place, prices will increase, at least in the short run. However, they will reflect the actual structure of the Malaysian economy and better exercise their information transmission mechanism.

"It will take time for the system to adjust but the sooner we start the better," he said.

https://www.nst.com.my/business/economy/2024/04/1039362/cut-subsidies-stages

The Center for Market Education Praises Bank Negara Malaysia on the Ringgit and Invites ASEAN Central Banks to a Higher Degree of Cooperation

https://marketedu.me/cme-praises-bank-negara-malaysia-on-the-ringgit-and-invites-asean-central-banks-to-a-higher-degree-of-cooperation/

Center for Market Education Puji Bank Negara Malaysia, Dorong Bank Sentral ASEAN Tingkatkan Kerja Sama

https://www.gatra.com/news-596830-internasional-cme-puji-bank-negara-malaysia-dorong-bank-sentral-asean-tingkatkan-kerja-sama.html

Center for Market Education Puji Bank Negara Malaysia, Dorong Bank Sentral ASEAN Tingkatkan Kerja Sama

https://www.gatra.com/news-596830-internasional-cme-puji-bank-negara-malaysia-dorong-bank-sentral-asean-tingkatkan-kerja-sama.html

Our CEO's talk on the #ringgit and #monetarypolicy, organized by BeLuxCham Malaysia and SWEDCHAM Malaysia (formerly MASBA), is now open to chamber non-members.


We are thankful to Karl Godderis and Dr. Jenny Jahanshahi Westin for the support.

Today, Center for Market Education CEO, Dr Carmelo Ferlito, had the pleasure of a a great lunch with Mr Masashi Hosomi, Economic Counsellor of the Japanese Embassy in Malaysia.

They discussed some of the pressing issues surrounding the Malaysian economy.

#EconPreneur45

Center for Market Education CEO, Dr Carmelo Ferlito, discussed the KL20 framework and the start-up ecosystem in Malaysia with BFM Radio - The Business Station.

#EconoPreneur45

https://www.youtube.com/watch?v=g1l0LMgm_Jw

Center for Market Education CEO, Dr Carmelo Ferlito, discussed the KL20 framework and the start-up ecosystem in Malaysia with BFM Radio - The Business Station.

#EconoPreneur45

https://www.youtube.com/watch?v=g1l0LMgm_Jw

News from the Center for Market Education #Indonesia!

Diskusi seru Forum Kebebasan (23/4) bareng Mas Alfian Banjaransari (Country Manager Center for Market Education Indonesia - CME-ID) tentang "Eid-onomics" di tautan berikut: https://medium.com/@redaksisuarakebebasan/cerita-forum-kebebasan-23-april-2024-f2dd227c18c7

Simak rekaman lengkapnya di: https://open.spotify.com/episode/68gN16b9dL1dfA07cO2mBx?si=mJSTITfrRS6315eHsg62xg

This is a good announcement and, I believe, the right strategy to pursue. The economic conditions of China and its major contribution to Malaysia's external trade surely affected our general economic performances and played a role in the ringgit's weakness.


The Center for Market Education called for an international trade diversification in several occasions and we are glad to see the Ministry of Investment, Trade and Industry (MITI) and Tengku Zafrul Aziz moving in that very same direction.


https://www.freemalaysiatoday.com/category/nation/2024/04/24/well-reduce-reliance-on-major-trading-partners-says-tengku-zafrul/

Yesterday, the Center for Market Education entered the new office in Subang Jaya!


Ready for the new adventure together!


https://www.youtube.com/watch?v=dOHePQ_97Zk

Center for Market Education Indonesia (CME-ID): Apakah Kenaikan Suku Bunga Efektif Selamatkan Rupiah?


Feat. Andhika Dinata Alfian Banjaransari Carmelo Ferlito


https://www.gatra.com/news-597296-ekonomi-cme-id-apakah-kenaikan-suku-bunga-efektif-selamatkan-rupiah.html

MEDIA STATEMENT

The Center for Market Education welcomes Malaysia’s diversification in international trade and invites to gradual and mutually beneficial steps between Malaysia and the EU on palm oil certification

https://marketedu.me/cme-welcomes-malaysias-diversification-in-international-trade-and-invites-to-gradual-and-mutually-beneficial-steps-between-malaysia-and-the-eu-on-palm-oil-certification-copy/

Shelves are getting ready at our new office at Empire Soho in Subang Jaya.

A new chapter in Center for Market Education life begins.

A good meeting on Tuesday between the Center for Market Education and Tymba Edu, exploring very realistic and potentially fruitful opportunities for cooperation.