Chitchat Guan Eng: "Jiu Hu Fuck The World! Ringgit Lumber One!! Dropped The Least Against Dotard's Greenback!" See How Good Oppies Are?

[JohnTan]

KUALA LUMPUR (Sept 13): The ringgit has been one of the best performing Asian currencies this year, indicating local and foreign investors’ confidence over its relative strength despite a change of Government, Finance Minister Lim Guan Eng said today.

In a statement today, Lim said up till Sept 11 this year, the value of the ringgit against the US dollar has dropped by only 2.2% compared with the Australian dollar, rupiah, yuan, won and Singapore dollar that had weakened by 9.9%, 9.8%, 5.6%, 5.7% and 3% during the same period.

He was commenting on former Prime Minister Datuk Seri Najib Razak's remarks on Facebook yesterday, who said the ringgit had failed to improve after the change in government in the 14th general election in May in accordance with the rise in crude oil prices.

“Generally, the ringgit would strengthen when oil price is up but you can see that it has dropped 30 sen to RM4.15 now although the price of a barrel is US$78. I am worried that if crude oil prices dip, the ringgit would be badly hit,” Najib wrote in his post.

Lim said Najib’s allegations are baseless as the latter had failed to consider that the ringgit’s value is not only determined by crude oil prices.

“He intentionally failed to take into account key factors such as the strengthening of the US dollar, the financial crisis in emerging markets, and uncertainties in the global economy due to the trade war between US and China,” he added.

Lim also said the Pakatan Harapan Government is confident that the value of the ringgit would improve in the medium term as the country's public debt problem and scandals like 1Malaysia Development Bhd are resolved.

http://www.theedgemarkets.com/artic...regional-currencies-year-guan-eng-tells-najib

 

[Asterix]

This Jiu Hu Kia now yaya papaya just because MYR drop less than other emerging market currencies for a brief period due to oil prices staying high. Oil prices stayed high not because of anything the idiot and lazy Mudlanders did. They stayed high because of OPEC production cuts and now US sanctions against Iran. Cherry picking to make himself look good.

Why don’t he mentioned that once upon a time, in the month of August 1973, it took an average of 92.8 MYR sens to buy 100 SGD cents. That was the strongest MYR had ever been against SGD.

http://fxtop.com/en/historical-exchange-rates.php?A=1&C1=SGD&C2=MYR&MA=1&DD1=09&MM1=08&YYYY1=1965&B=1&P=&I=1&DD2=13&MM2=09&YYYY2=2018&btnOK=Go!

Fast forward to September 2018, less than 2 years away from his boss’ beloved Vision 2020 and it will take MYR 3 to buy just one SGD! No doubt the temporary low of MYR 3.15 to 1 SGD will be broken in due course. The long term trend is loud and clear - DOWN against the SGD and other major currencies. The situation will be even worst if Mudland got no oil. And oil will not save you from your stupidity and recklessness, just look at Venezuela. You got more oil than Venezuela? Bodoh!

 

[JohnTan]

This Jiu Hu Kia now yaya papaya just because MYR drop less than other emerging market currencies for a brief period

Ringgit dropped over the past few days. Lots of sinkies lining up to buy ringgit. It's back to 3 RM to S$1 !! Majulah PAP!

 

[JustLikeThis]

Yours truly begin to worry about Lim Guan Eng's honesty and integrity.

They won the elections on 9th May 2018.
Back then
1 SGD = 2.97 Ringgit
100 THB = 12.3 Ringgit
1 USD = 3.99 Ringgit

Today
1 SGD = 3.02 Ringgit, Ringgit Depreciated
100 THB = 12.70 Ringgit, Ringgit Depreciated
1 USD = 4.14 Ringgit, Ringgit Depreciated

Ringgit is also weaker against EUR, JPY in the same period.

I don't understand his logic. What a liar.

 

[whoami]

Yours truly begin to worry about Lim Guan Eng's honesty and integrity.

They won the elections on 9th May 2018.
Back then
1 SGD = 2.97 Ringgit
100 THB = 12.3 Ringgit
1 USD = 3.99 Ringgit

Today
1 SGD = 3.02 Ringgit, Ringgit Depreciated
100 THB = 12.70 Ringgit, Ringgit Depreciated
1 USD = 4.14 Ringgit, Ringgit Depreciated

Ringgit is also weaker against EUR, JPY in the same period.

I don't understand his logic. What a liar.

If he dont lie how to get acquitted fm corruption.

https://www.channelnewsasia.com/new...lim-guan-eng-acquitted-of-corruption-10678550

 

[frenchbriefs]

Yours truly begin to worry about Lim Guan Eng's honesty and integrity.

They won the elections on 9th May 2018.
Back then
1 SGD = 2.97 Ringgit
100 THB = 12.3 Ringgit
1 USD = 3.99 Ringgit

Today
1 SGD = 3.02 Ringgit, Ringgit Depreciated
100 THB = 12.70 Ringgit, Ringgit Depreciated
1 USD = 4.14 Ringgit, Ringgit Depreciated

Ringgit is also weaker against EUR, JPY in the same period.

I don't understand his logic. What a liar.

Just a 2% fluctuation no biggie.

I think madhatter's prudent policies of cancelling hsr and obor has helped prevent Malaysia's further decline.

 

[winnipegjets]

Mudland will flourish again and do much better than sinkapore. If you have extra cash, bet on Mudland and its currency to rise.

 

[garlic]

Mudland cancelled tiongland's projects no need compensation?

 

[winnipegjets]

Just a 2% fluctuation no biggie.

I think madhatter's prudent policies of cancelling hsr and obor has helped prevent Malaysia's further decline.

Market always overreact. And there is always flavour of the day. Cancelling HSR and other unviable projects should be a good thing but just happen that is not the flavour of the day.

I will put my money on Mudland and the ringgit.

 

[johnny333]

Mudland will flourish again and do much better than sinkapore. If you have extra cash, bet on Mudland and its currency to rise.

Been investing in Malaysia since the CLOB era. In fact I still own some of the shares I bought under CLOB.
Been re-investing the dividend I've been getting from my Malaysian shares. I take the long term view & it doesn't really cost me anything to do so.

If the ringgit eventually appreciates it will represent another stream of income : )

 

[rotiprata]

Just a 2% fluctuation no biggie.
I think madhatter's prudent policies of cancelling hsr and obor has helped prevent Malaysia's further decline.

me think so too... if old horse no take action now... we may see a repeat of '97 …. when the THB and the RPP collapsed...

 

[JustLikeThis]

Mudland will flourish again and do much better than sinkapore. If you have extra cash, bet on Mudland and its currency to rise.

Mahathir is not in a sound mind or he is plotting something. Many analysts highlighted his bitter response to his two coalition partners' moves lately:

Mahathir: "I am shocked too" by court's decision to acquit Lim Guan Eng
https://www.thestar.com.my/news/nat...-shocked-at-court-decision-to-acquit-guan-eng
Mahathir: "I have no opinion" on Anwar's Port Dickson move
https://sg.news.yahoo.com/port-dickson-move-no-opinion-114729240.html

 

[hofmann]

Mahathir is not in a sound mind or he is plotting something. Many analysts highlighted his bitter response to his two coalition partners' moves lately:

Mahathir: "I am shocked too" by court's decision to acquit Lim Guan Eng
https://www.thestar.com.my/news/nat...-shocked-at-court-decision-to-acquit-guan-eng
Mahathir: "I have no opinion" on Anwar's Port Dickson move
https://sg.news.yahoo.com/port-dickson-move-no-opinion-114729240.html

He is just doing his best to be incredibly mature about working with his former arch nemesis.

I'm thoroughly impressed by the professionalism displayed by both him and anwar in working together during this transition period.

 

[JustLikeThis]

He is just doing his best to be incredibly mature about working with his former arch nemesis.

Yes, speculations also emerged that he is keeping Najib "alive" to mess his coalition partners so that he stays relevant.
Just look at Najib's reiterations and accusations against Guan Eng in September.

 

[kryonlight]

Just a 2% fluctuation no biggie.

I think madhatter's prudent policies of cancelling hsr and obor has helped prevent Malaysia's further decline.

Are you a joker? I thought you have been singing the praises of Eleven's OBOR that is supposed to propel Malaysia to surpass Singapore?

 

[whoami]

Are you a joker? I thought you have been singing the praises of Eleven's OBOR that is supposed to propel Malaysia to surpass Singapore?

But not when putting all eggs in one basket. Wouldnt want to end up like S Lanka

 

[JustLikeThis]

Mahathir is not in a sound mind or he is plotting something. Many analysts highlighted his bitter response to his two coalition partners' moves lately:

Mahathir: "I am shocked too" by court's decision to acquit Lim Guan Eng
https://www.thestar.com.my/news/nat...-shocked-at-court-decision-to-acquit-guan-eng
Mahathir: "I have no opinion" on Anwar's Port Dickson move
https://sg.news.yahoo.com/port-dickson-move-no-opinion-114729240.html

Cracks continue to appear in the coalition
Anwar: I was just joking when saying I should have been PM instead of Dr M
https://www.thestar.com.my/news/nat...-saying-i-should-have-been-pm-instead-of-dr-m