TimLaw83_Life and thoughts

Happy 2020! Another year will be over in the next few hours and it is time to look forward to another year. 2019 is another fruitful year, although it could be more productive. In 2020, a brand new set of targets has been set and it is up to me to make it a reality. Of course, it is always man proposes, God disposes. So here is my 2020 wish list: 1) Be more focus in my job by practising deep work 2) Lose 5kg weight 3) Have a trip with my wife 4) Start a new research project 5) Finish reading a long-overdue book 6) Move to a new house, my first properties. :) So, what will you plan for 2020? Have a great year ahead, mates!

Today is the first-month anniversary of my blogging. Glad I still can make it until now. lol I found peace of mind lately. How? the weird thing is from an old but meaningful song. I used to listen to that song frequently when I did my undergraduate. Hopefully, I will remember that song whenever I am in confusion again. Back to the exchange rate. I am in favour of a strong currency but the strong currency must be backed up a strong economic fundamental. There should be a bidirectional relationship between currency performance and economic fundamental. The current weak ringgit in Malaysia is caused by multiple factors and it is hard to blame a single party or factor. But one thing is sure, we can do our part. With the fierce competition brought by rising countries like Burma and Vietnam. we must be serious in upgrading our industry and diversify our economic activities to fully realised our economic potential and niche. I will share my thought again in the future.

The appreciation of Thai Baht and its impact on the Thailand economic performance must have reminded many of us that appreciation of a currency will bring more harm to an export-oriented economy. While this claim has its merit, we shouldn't assume that a low value of the exchange rate is the solution for economic development. We must never forget that the impact of exchange rate on the economy depends on the characteristics of the economic system. A high-value currency should never undermine the export competitiveness of a country if their exports consist of high value-added or unique products More importantly, over-dependence on the low exchange rate will reduce the sense of urgent of a country to upgrade the production. The exchange rate should be market-determined and appreciation of currency should be seen as an opportunity to change the economic structure. I will elaborate more on that in the future.

2020 is around the corner. Here I would like to record down my new year resolution 1) Cut weight by 5kg 2) Practise deep work during office hour 3) Start a new research 4) Have a local trip with my wife 5) Move to  my new house 6) Finish reading a long-overdue book 7) Learn how to edit video Let's see how many percents of these targets will be achieved. :)

I cannot emphasise enough about the importance of time management, especially when you have to be multi-tasking.  The sad thing is I am not good at this. Many time has been wasted for unimportant thing and those need urgent attention has been left unattended. Although I have managed to achieve something, but I strongly believe I can more productive. If you know about the time management, you should know that is not the way. So, I have spent some time to reorganise my current unfinished jobs and which should come first. Having the priority set is not the ending, focus on one job at one time is also important.  I am no longer young and that makes time management even more important. The final objective is to have a productive life and adopt a life-work balanced living style. Walk the talk, not talk the talk. It is time to act.