SGD Strong, Ringgit Weak

[Runifyouhaveto]

Malaysian ringgit drops most in Asia this week
http://www.businesstimes.com.sg/gov...rops-most-in-asia-this-week-as-crude-declines

 

[Runifyouhaveto]

Board of troubled Malaysian state fund 1MDB set to step down
http://www.straitstimes.com/news/bu...d-malaysian-state-fund-1mdb-set-step-down-the

Malaysia's ringgit hits 9-year low
http://www.ft.com/intl/fastft/335432/post-335432

 

[lifeafter41]

Board of troubled Malaysian state fund 1MDB set to step down
http://www.straitstimes.com/news/bu...d-malaysian-state-fund-1mdb-set-step-down-the

Malaysia's ringgit hits 9-year low
http://www.ft.com/intl/fastft/335432/post-335432

Ah run, step down is one thing, whether if there is going to be any deep dive investigation is another.

Life goes on for them and the rest of Malaysia.

 

[Runifyouhaveto]

Ah run, step down is one thing, whether if there is going to be any deep dive investigation is another.

Life goes on for them and the rest of Malaysia.

Spot 2.7777
What a way to celebrate 50 years of independence from Malaysia


Ringgit slumps to historic low against the Singdollar
http://www.straitstimes.com/news/bu...-historic-low-against-the-singdollar-20150608

 

[lifeafter41]

Spot 2.7777
What a way to celebrate 50 years of independence from Malaysia


Ringgit slumps to historic low against the Singdollar
http://www.straitstimes.com/news/bu...-historic-low-against-the-singdollar-20150608

Ah run, the ringgit seems to be dropping pretty fast the last 2 weeks.....if this were to continue we will probably see 3 by year end.

 

[JohnTan]

If we didn't have PAP, it could be RM1 to SGD 1 today. Thank god for Ah Gong and his team! Thank you PM Lee!

 

[Runifyouhaveto]

Ah run, the ringgit seems to be dropping pretty fast the last 2 weeks.....if this were to continue we will probably see 3 by year end.

Many Singapore businesses export to Malaysia
If 1:3 in 2015, it might be too fast
I fear thawins then, there will be a full-blown recession in southeast Asia

 

[eErotica69]

Many Singapore businesses export to Malaysia
If 1:3 in 2015, it might be too fast
I fear thawins then, there will be a full-blown recession in southeast Asia

Bro, can you remember what was the FX rate for SGD vs MYR during the 1997 Asia Finance Crisis?

 

[Runifyouhaveto]

Bro, can you remember what was the FX rate for SGD vs MYR during the 1997 Asia Finance Crisis?

Was it like 1.80 meltdown to 2.40 during those months of panic?
Can't remember the exact rates

 

[eErotica69]

Was it like 1.80 meltdown to 2.40 during those months of panic?
Can't remember the exact rates

Thanks.

Wow, now is 2.78!!

 

[yinyang]

Purchasing power personified?:p

 

[tonychat]

Thanks.

Wow, now is 2.78!!

You seems to be very interested in Malaysia stuff.. You must be a Malaysian..

 

[Runifyouhaveto]

Maximum Boleh! Chinese forced to wear Sarong during visit to Malaysia's transport department

"Visitors are prohibited from wearing shorts, short skirts below the knees, sleeveless tops, tight skirts and slippers,"
http://news.asiaone.com/news/malaysia/public-uproar-after-woman-road-transport-department-told-cover

No wonder malaysian chinese are transfering their ringgit savings to SGD

 

[Runifyouhaveto]

No wonder malaysian chinese are transfering their ringgit savings to SGD

History: They dun understand that the chinese in Malaysia are very united.

When we got home, he told me that he had received news that Chinese people watching a movie in KL earlier that evening were hacked and chopped to death when they left the cinema after the movie was over.

https://may131969.wordpress.com/where-were-you-on-13-may-1969

About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.

Higher palm oil price still never help ringgit today because of the capital flight.

 

[lifeafter41]

History: They dun understand that the chinese in Malaysia are very united.

https://may131969.wordpress.com/where-were-you-on-13-may-1969

About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.

Higher palm oil price still never help ringgit today because of the capital flight.

Ah run, capital flight to where hah? Singapore?

 

[Runifyouhaveto]

Ah run, capital flight to where hah? Singapore?

RM171bn a year capital flight
http://www.theantdaily.com/Main/RM171bn-a-year-capital-flight-Zeti-must-take-the-rap

 

[dancingshoes]

Ah run, capital flight to where hah? Singapore?

ya, good question, where did the money go?

History: They dun understand that the chinese in Malaysia are very united.

https://may131969.wordpress.com/where-were-you-on-13-may-1969

About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.

Higher palm oil price still never help ringgit today because of the capital flight.

 

[Runifyouhaveto]

Malaysia's debt rating review
If downgrade happens, Malaysia's ringgit and bond and equity markets could suffer a further hit although analysts expect this to be a short-lived, knee-jerk reaction as the market may have already priced that in.

http://business.asiaone.com/news/all-eyes-malaysias-debt-rating-review
50% chance of downgrade
If downgrade, we will see 2.85 before NDP

 

[lifeafter41]

Malaysia's debt rating review
If downgrade happens, Malaysia's ringgit and bond and equity markets could suffer a further hit although analysts expect this to be a short-lived, knee-jerk reaction as the market may have already priced that in.

http://business.asiaone.com/news/all-eyes-malaysias-debt-rating-review
50% chance of downgrade
If downgrade, we will see 2.85 before NDP

Ah run, as long as the 1MDB fiasco is allow to fester and not close, the rating agencies will go for the downgrade.
Till date the so called units or whatever it is that is in BSI in Singapore is still not identified.

S$1 to RM2.85 could play out pretty soon.

 

[TracyTan866]

Weaker ringgit a boon to Malaysia's tourism sector
SGDMYR 2.60 now
- Massive influx of cash in 2013 for Iskandar & Penang properties failed to stop downslide.
- Average 10-12% annual increment for household debts in the past 5 years.
- Extremely large foreign holdings of local govt debts. Malaysia 48% vs Thailand 18% vs S.Korea 12%
- Fitch Sovereign rating downgrade outlook: 15 consecutive years of deficits.
- Export weakness due to lower commodity prices + Chinese demands.

Will the exchange rate reach S$1 to 3MYR?