• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

SGD Strong, Ringgit Weak

It was down 8.1 per cent year-to-date and is currently the worst performing currency in Asia.
http://news.asiaone.com/news/business/fitch-boost-malaysia-short-lived-ringgit-hardest-hit-asia

Star_Ipoh_City_Council_620_462_100.JPG
 
Ah run, have noticed that the RM currency of late is pretty volatile. What do you think?

ya, not because SGD is good - in fact, SGD also just crashed 0.5cn against USD within a few minutes just now

RM's problem is because Malaysia's wealth being raided by the corrupted.
 
us$ strengthening. mas busy shoring up sgd.

Our central bank dun really have the capability to determine SGD's strength against USD because we are pegged to a basket of currencies and we seldom use interest-rate policies to influence SGD.

However, we certainly have bigger control over SGDMYR.
 
Our central bank dun really have the capability to determine SGD's strength against USD because we are pegged to a basket of currencies and we seldom use interest-rate policies to influence SGD.

However, we certainly have bigger control over SGDMYR.

other major currencies are weakening against the us$ thus the net effect is a weakening of the sgd.

image.jpg image.jpg image.jpg
 
http://www.sarawakreport.org/2015/07/millions-in-cash-go-into-rosmahs-account-how-come-exclusive/

Millions In Cash Go Into Rosmah's Account - How Come? EXCLUSIVE!
9 JUL 2015
Shopping therapy - how does Malaysia's 'First Housewife' manage to get such enormous cash injections into her accounts?
Shopping therapy – how does Malaysia’s ‘First Housewife’ manage to get such enormous cash injections into her accounts?

Sarawak Report has been passed information relating to an account at Affin Bank Berhad owned by the Prime Minister’s wife Rosmah Mansor.

Baffling amounts of cash were deposited into it during the course of just two months at the start of this year.

According to documentation related to the 1MDB related enquiries, between 10th February and 23rd April 2015 a gentleman called Roslan Bin Sohari entered the central branch of the bank in Kuala Lumpur on eight occasions.

On these visits he deposited a round total of RM2,000,000.00 into the account number 1000 2000 0058, which investigators have reported as belonging to “Rosmah Binti Mansor (Datin Sri)”.

Sarawak Report has a copy of these transactions and has been informed that Roslan came into the bank with the cash in the form of notes contained in a bag.

According to the record (below) the deposits into the account were made by the account owner’s ‘personal assistant’.

Eight deposits that came to a neat total figure of RM2 million
Eight deposits that came to a neat total figure of RM2 million

Owner of the account was Rosmah Mansor
As anyone who has deposited large sums of cash is well aware, such enormous transactions are immediately treated as suspicious. They automatically flag up on the banking system and trigger an enquiry.

The question is why did this not appear to immediately happen in this case, until the 1MDB investigation took place?

Could the answer be that the owner of the account was considered too powerful to be touched? That individual, according to the investigation papers acquired by Sarawak Report, is indeed Rosmah Mansor:

Rosmah was the owner of the account and Roslan the designated bag carrier who made the deposits on each occasion
Rosmah was the owner of the account and Roslan the designated bag carrier who made the deposits on each occasion

1MDB related
Sarawak Report can confirm that this particular bank account has now been placed under investigation, because it can be related to enquiries about the possible misappropriation of money linked to 1MDB.

One of the key Board Members at Affin Bank is none other than Lodin Wok Kamaruddin, who is the Chairman of 1MDB.

As originally reported by Sarawak Report, investigators have already discovered that money from the former 1MDB subsidiary company SRC went into bank accounts in the name of the Prime Minister himself, via the companies Gandingan Mentari Sdn Bhd and Ihsan Perdana Sdn Bhd.

The account for Ihsan Perdana Sdn Bhd is also at Affin Bank:

Transfer documents - one of the transfers of money that had arrived from Gandingan into Ihsan Perdana at Affin Bank, before transferring on to the PM's named account at AmBank
Transfer documents – one of the transfers of money that had arrived from Gandingan Mentari into Ihsan Perdana at Affin Bank, before transferring on to the PM’s named account at AmBank

SRC itself was raided by investigators last week at its offices in the Menara BRDB building in the Bangsar Shopping Centre.

Sarawak Report understands that the Rosmah linked cash payments came to light during the course of these investigations, but that this account may just be the tip of the iceberg when it comes to other previously undisclosed accounts belonging to Malaysia’s first lady, who has become a world famous shopper in recent years.
 
will the weekend Low Yat incident be intentionally escalated further to divert attention away from 1MDB?

Ringgit 2.81 today
 
Our central bank dun really have the capability to determine SGD's strength against USD because we are pegged to a basket of currencies and we seldom use interest-rate policies to influence SGD.

However, we certainly have bigger control over SGDMYR.

how do we have control over sgdmyr, what is the mechanics behind?
 
Or rather ringgit lost it's own bearings vs regional and usd currencies. Of own doing, lost steering wheel :p

yesterday nite, i was smoking with my malay neighbour outside our flat. he asked me what i think, if najib and rosmah makan money? i just kept quiet, he thinks riggit drop has to do with money being siphoned into their account from 1MDB.
 
yesterday nite, i was smoking with my malay neighbour outside our flat. he asked me what i think, if najib and rosmah makan money? i just kept quiet, he thinks riggit drop has to do with money being siphoned into their account from 1MDB.

You should have brought your Mat friend to a round room and asked him to relac at one corner.
 
Back
Top