SGD Strong, Ringgit Weak

[Runifyouhaveto]

The ringgit has been Asia's worst-performing currency over the past month, tumbling more than 3 per cent against the greenback. DBS senior currency economist Philip Wee said it is likely to fall further this year and could reach RM2.87 to the Singdollar.

Mr Mohamad Rafik, a staff member at Arcade Money Changers in Raffles Place, where the ringgit was being sold for RM2.785 to one Singdollar, said business goes up by about 20 per cent during this period every year - See more at:

http://news.asiaone.com/news/business/ringgit-hits-new-low-against-singdollar-amid-debt-rating-fears

 

[lifeafter41]

Good brother L41, this is ah RUN's reaction when i read your post

I cannot imagine GG789's reaction when he reads your post, hahahahhaa
Anyway he got malaysia wife, so if RM drops = property drop = he can use his wife name to buy cheap <RM500K condo reserved for locals

Assuming fd rate at 4.5%. Anybody that changed at rm2.52 one year ago and put it in FD. Will now face a 6.5% loss, 2.8-2.52/2.52~11%.

I was talking to a Malaysian colleague, he describe the situation in Malaysia as 水生火热. From the way he put it, it seems pretty serious, with the 6% GST, depreciating currency and rising prices. Triple whammy if you ask me.

 

[GG789]

Assuming fd rate at 4.5%. Anybody that changed at rm2.52 one year ago and put it in FD. Will now face a 6.5% loss, 2.8-2.52/2.52~11%.

I was talking to a Malaysian colleague, he describe the situation in Malaysia as 水生火热. From the way he put it, it seems pretty serious, with the 6% GST, depreciating currency and rising prices. Triple whammy if you ask me.

ya. i changed my sgd to myr at rate 2.695.

 

[sleaguepunter]

Belingo used to sell very well ten years ago when euro was very weak, although RUN felt that the engineering was too coarse compared to the Japanese vans.

The good sales figures for conti commercial vehicles 10 years ago was not attributed to the euro depreciation but due to a LTA ruling that insist all new commercial vehicles to be euro4 compliant. That time jipunkia models cannot meet standard so companies boh pian then buy conti brands. That time commercial Coe less than $100. LTA lose money so recently they make sure Toyota and Nissan has euro5 models available before changing the ruling to be euro5 compliance.

 

[methink]

ya. i changed my sgd to myr at rate 2.695.

Are you sure 2.695? Shouldn't it be 2.795?

 

[GG789]

Are you sure 2.695? Shouldn't it be 2.795?

i changed my sgd few weeks ago leh.
aiya, just let it there. i also no bother.
i am not going to change it back to sgd. just let my FD roll interest.

 

[Cerebral]

conti commercial vehicle beh kan lah. compare to jipunkia euro5 van, conti euro5 van not reliable and blow black smoke like nobody business. if u check 2nd hand market, conti brand at least $3-8k cheaper than jipunkia brands despite similar in size and duration of coe. while cheaper yen help but towkays are still willing to pay a premium for jipunkia brand. Only those new in business will buy small conti van as there only Datsun MV250 available and it more expensive than a kangroo. chit chat with fellow van drivers at home carpark, those who own conti van before all ptui chao nao, all complain about the black smoke, can only service at dealer and more expensive to service and no resale value.

and don't buy conti 12 foot truck, it only the truck version of the van with the back chopped off. no resale value.

Totally agree with you. When i was deciding then, Hiace was the top choice. Lorry also jeepun ones better. Different length different makes

 

[yinyang]

 

[Runifyouhaveto]

SGD slapping ringgit hard today after the rude HSR shock last weekend.
http://www.straitstimes.com/news/si...ysian-transport-agency-stating-preference-end

Spot 2.81

 

[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

Two more women forced to don sarong
http://www.thestar.com.my/News/Nation/2015/06/22/Sarong-sgor-state-secretariat-bulding

very short meh? I think more malaysian chinese will hide their money overseas liao

 

[palden]

This type of standard must wear tudong not only sarong. If chiobu can wear bikini.

Two more women forced to don sarong
http://www.thestar.com.my/News/Nation/2015/06/22/Sarong-sgor-state-secretariat-bulding

very short meh? I think more malaysian chinese will hide their money overseas liao

 

[Runifyouhaveto]

Maximum Boleh again.


Uproar after Malaysia school teacher allegedly says non-Muslim pupils can drink their urine
http://news.asiaone.com/news/educat...egedly-says-non-muslim-pupils-can-drink-their

Malaysian Students Allegedly Forced to Eat in the Bathroom During Ramadan

Do as you would be done by.
Do not do to others what you would not have them do to you.
I believe they don't understand that the chinese are very united.

 

[Reddog]

Assuming fd rate at 4.5%. Anybody that changed at rm2.52 one year ago and put it in FD. Will now face a 6.5% loss, 2.8-2.52/2.52~11%.

I was talking to a Malaysian colleague, he describe the situation in Malaysia as 水生火热. From the way he put it, it seems pretty serious, with the 6% GST, depreciating currency and rising prices. Triple whammy if you ask me.

Three years ago a grassloot leeder, in order to please his pap master, sold his landed property in Singapore and bought heavily at Iskandar. He is cursing the pap regime now.

 

[Runifyouhaveto]

Third 'sarong' incident at Sungai Buloh hospital
http://www.thestar.com.my/News/Nation/2015/06/23/Third-sarong-incident-Sungai-Buloh

RUN has many good malay friends and neighbours,
but touch my heart, the above girl didn't wear indecent
why go hospital also must wear sarong?

 

[NanoSpeed]

2.79 yesterday @ Eastpoint

 

[congo9]

conti commercial vehicle beh kan lah. compare to jipunkia euro5 van, conti euro5 van not reliable and blow black smoke like nobody business. if u check 2nd hand market, conti brand at least $3-8k cheaper than jipunkia brands despite similar in size and duration of coe. while cheaper yen help but towkays are still willing to pay a premium for jipunkia brand. Only those new in business will buy small conti van as there only Datsun MV250 available and it more expensive than a kangroo. chit chat with fellow van drivers at home carpark, those who own conti van before all ptui chao nao, all complain about the black smoke, can only service at dealer and more expensive to service and no resale value.

and don't buy conti 12 foot truck, it only the truck version of the van with the back chopped off. no resale value.

I mean who in the right frame of mind will want to buy a conti diesel goods vehicle. Everyone knows that after 2 to 3 years, it breaks down miraculously. You need quite a sum of money just to get a small fault done.

 

[methink]

2.79 yesterday @ Eastpoint

Today 2.80 in Chinatown

 

[Runifyouhaveto]

Today 2.80 in Chinatown

that is very close to bank spot.

Tell you a secret, during my last trip Penang the money changer quoted spot-rate when i sold SGD for ringgit,
No mark-up for RUN selling SGD
They will mark up 2.5 sen margin if you are doing the opposite (sell MYR)

I couldn't believe it at first.
absolutely no commission or spread because the local chinese community wanna hold as much SGD as possible
Penang, being in the far north, maybe SGD supply is not as abundant as Johor.

 

[Runifyouhaveto]

Penang Courts: Woman denied entry to Penang court because skirt too short
http://news.asiaone.com/news/malaysia/woman-denied-entry-penang-court-because-skirt-too-short

A screengrab of the lady's brown knee-length skirt, who was allegedly denied entry into the court complex by a security guard

RUN loves skirts
Singapore Courts

 

[greedy and cunning]

just a observation , not to counter any of the postings in this thread.

when rate is 2.7/2.8 people rash in to exchange
do they deal in large amount like $5K , 10K ?
a week later the rate is 2.9 , do these people exchange again ?
what is the purpose ?
or they just change a few hundreds , a thousand or two so they
can buy things from malaya ?
when rate is 2.9 ,they repeat the same process ?
how many times they want do this ?