Yes, I am sure. With rate at RM2.86 and weakening, I am even more sure as time passes.
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Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
For those with leasehold prop 99 years, the prop would likely be worth zero after 99 years and lost.
Errr... how many developers listed below are also the main contractor?
- Capitaland, Keppel Land, CDL, SP Setia, Eco World, Sunway, R&F, Country Garden
Also main contractors only get paid based on % of completion, so if a main con CMI, developers will switch to another 1. Just like the LTA Downtown Line project.
Changing Main con is the last thing a developer would want to do.
Switching main con is a very tedious job and will cause undue delay to the project by months and yes, just like what happened to the Downtown Line you mentioned.
Any delay means money and a re-tender may raise the final construction cost tremendously.
The developer's architect, engineers, QS etc has to do a thorough assessment of actual work done to prepare re-tender documents which takes time
For very large project, retendering exercise alone already takes at least 3 months where international companies are expected to participate while the new main con needs some time to mobilize to commence work upon awarding the contract.
RM rebound slightly today to US$1 : RM3.99 due to positive report by BNM yesterday who also dismissed the issue of pegging the RM to any currency..
Putrajaya had also said they will "take steps to defend the RM", but with the unresolved political scandal and fast shrinking Reserve...........let's see how.
Putrajaya had also said they will "take steps to defend the RM", but with the unresolved political scandal and fast shrinking Reserve...........let's see how.
Change in JB
Yesterday evening rate at Permas Jaya 2.845
CIMB online TT at $2.8811 now!!!
Delicious!!!
Can remit from DBS to Malaysian bank account too. Limit Rm 10k daily. No additional fees or charges. Current rate is 2.86.
CIMB online TT at $2.8811 now!!!
Delicious!!!
XE currency at 2.9193... Like that we will see 3.0 in coming weeks or even days? Faint..
Dont panic , going to 4 end this year, najib try to max drop the rinngit , he has usd 700 million to change
New historical low RM2.93,,,,,,,,,, so the obvious winners are those with no big tickets..... any more argument?
U mean to say the obvious winners are most who have kept their cash in the bank these few years? Are these people really "winners"?
The obvious winner are the purchases with DIBS 
Thank you!
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