Sing dollar just hit RM2.72.....

[lifeafter41]

The Singapore dollar just hit the highest to date against the RM at 2.72.
For a while the thought was that with the implementation of GST of 6% would reduce the deficit hence strengthen the RM, but it does not seems to be the case. Or it is too early to tell......

Anyway for those Malaysian that is currently working in Singapore....Huat ahhhh!!!!!!!

 

[JackyCheung]

hahaha, lifeafter41, are you one of them?

 

[bushtucker]

causeway going to jam up even more.

 

[lifeafter41]

hahaha, lifeafter41, are you one of them?

Sing dollar bestest......

 

[Gluttony]

The Singapore dollar just hit the highest to date against the RM at 2.72.
For a while the thought was that with the implementation of GST of 6% would reduce the deficit hence strengthen the RM, but it does not seems to be the case. Or it is too early to tell......

Anyway for those Malaysian that is currently working in Singapore....Huat ahhhh!!!!!!!

They can balik Kampong buy land liao.

 

[Dark Knight]

Weaker currency for Malaysia is gonna benefit them more in the long run.
Sillypore on the other hand is gonna lose out in terms of exporting and tourism.
More tourist will head there to for their holidays and shopping spree.
Sillypore's tourism is gonna eat grass.

 

[SgGoneWrong]

Weaker currency for Malaysia is gonna benefit them more in the long run.
Sillypore on the other hand is gonna lose out in terms of exporting and tourism.
More tourist will head there to for their holidays and shopping spree.
Sillypore's tourism is gonna eat grass.

So? Sinkiepore doesn't rely on exporting and tourism. It's main income is money laundering. Billions of tax evasion money are here and dirty money hidden here as well, better and easier than to worry about competing with other countries on trade.

 

[Dark Knight]

So? Sinkiepore doesn't rely on exporting and tourism. It's main income is money laundering. Billions of tax evasion money are here and dirty money hidden here as well, better and easier than to worry about competing with other countries on trade.

So? Which country's in this world doesn't rely a certain percentage of their GDP growth based on money laundering and tax evasion money?
Our small little dot is not exceptional to leave this out in the equation but when it comes to exporting and tourism, we are in deep shit for the long run.

 

[WuJianDao]

Caution advised on Iskandar residential, commercial property
http://www.channelnewsasia.com/news/business/international/caution-advised-on/1790094.html

Malaysia ran out of money, do you know a mega chinese developer in Iskandar scaled back on their project after knowing that:
- they have to include/absorb 6% on their condo's selling price
- going forward, most newly-completed iskandar condos are now classified as commercial property (significantly higher tax rate than residential properties), ie foreign-owners gotta pay a few thousand ringgit a year for property tax of their RM1-2mio condos.
- when we sell these new condos under commercial-property title, sellers also have include/absorb GST

*residential property is GST-exempt

They are starting to milk foreign investors.

 

[JackyCheung]

if iskandar property price drop further, i am going to buy shophouse there

better drop drop drop.

 

[JohnTan]

Sinkies should be grateful that their monies are saved in CPF rather than the mudlanders' EPF savings scheme. Mudlanders currency is starting to turn into banana money.

 

[eErotica69]

Sinkies should be grateful that their monies are saved in CPF rather than the mudlanders' EPF savings scheme. Mudlanders currency is starting to turn into banana money.

Any comments from Malaysian Tonychat?