The Malaysian consumer confidence showed signs of resilience in the second quarter of 2017 with an index score of 94 percentage points (pp) – up 7 points compared to Q2 2016, securing its spot as the 28th most confident country globally, but second lowest in Southeast Asia. (See Chart 1).
According to the latest Nielsen Global Survey of Consumer Confidence and Spending released recently by Nielsen, confidence levels in Southeast Asia continues to dominate the top 10 spot globally with four out of six countries in the region scoring above the 100 pp mark.
Parents are spending an average of RM109,470 (USD25,479) on their child’s education from primary school up to university undergraduate level, according to Higher and higher, HSBC’s new report in The Value of Education series.
Of the over 8,400 parents in 15 countries and territories surveyed, parents in Hong Kong RM567,394 (USD132,161) are ranked number one globally followed by the United Arab Emirates RM426,650 (USD99,378) and Singapore RM304,568 (USD70,939), who contribute the most towards all aspects of their child’s education costs, including school/university tuition fees, educational books, transport and accommodation. Malaysia is ranked eighth in this table.
By Barnabas Gan, OCBC Analyst
Concerns on crude oil’s oversupply environment have been plaguing oil futures lower in the first half of 2017. Statistically, both WTI and Brent had fallen to its sub-$45/bbl handle into June, before rallying markedly year-to-date.
Importantly, the recent rally has lifted both WTI and Brent above their 100-day moving average levels earlier this week, with the latter currently sitting squarely above its critical $50/bbl handle.