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

lifeafter41 · Apr 14, 2015

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 · Apr 14, 2015

hahaha, lifeafter41, are you one of them?

bushtucker · Apr 14, 2015

causeway going to jam up even more.

lifeafter41 · Apr 14, 2015

JackyCheung said:
hahaha, lifeafter41, are you one of them?

Sing dollar bestest......

Gluttony · Apr 15, 2015

lifeafter41 said:
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 · Apr 15, 2015

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 · Apr 15, 2015

Dark Knight said:
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 · Apr 15, 2015

SgGoneWrong said:
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 · Apr 17, 2015

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 · Apr 17, 2015

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

better drop drop drop.

JohnTan · Apr 17, 2015

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 · Apr 17, 2015

JohnTan said:
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?

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

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