MAS not likely to slow appreciation of Singdollar: Economists

[dancingshoes]

A stronger currency counters inflation by making imports cheaper in Singdollar terms, while a weaker Singdollar - which corresponds to easing monetary policy - boosts growth by making exports cheaper abroad.

Still, economists say the weak labour market may tip the scales in favour of policy easing.

Mr Kit pointed to the "virtual stagnation of local job creation" last year, and a recent spike in redundancies.

"Rising under-employment may be another sign of softening labour demand... More workers could be put on shorter work weeks or on temporary layoff, with companies using permanent redundancies only as a last resort," he added.


http://www.straitstimes.com/busines...to-slow-appreciation-of-singdollar-economists

 

[yahoo55]

PAP said they want Sinkie SMEs to export and sell to overseas markets, yet they let the Singdollar appreciate strongly.

The strong Singdollar is going to kill many export dependent Sinkie SMEs such as traders and manufacturers.

Expect lots more Sinkie SMEs to shut down this year, and lots more retrenchments. Sinkie SMEs collectively are the biggest employers in Singapore.

 

[dancingshoes]

Sing dollar has to remain strong if not there will be repercussions. almost everything from basic food staples are imported, if sing$ depreciate, sinkies will be stuffed with hunger, at least the poorer sinkies.

 

[452SAR]

Buy Ringgit better, they just caught the world's longest snake.
Ringgit will appreciate to 2.80 against Sin dollar by June.

http://www.theguardian.com/world/20...ython-estimated-at-8m-long-caught-in-malaysia

 

[dancingshoes]

Buy Ringgit better, they just caught the world's longest snake.
Ringgit will appreciate to 2.80 against Sin dollar by June.

http://www.theguardian.com/world/20...ython-estimated-at-8m-long-caught-in-malaysia

1MBD saga not over, najib may not last long, you still want to buy ringgit???

 

[syed putra]

1MBD saga not over, najib may not last long, you still want to buy ringgit???

RM now like yoyo. very volatile. very good way to make some pocket money. It will weaken again soon, then strengthen. i think it going to be like this until some capable leader come along.

 

[dancingshoes]

RM now like yoyo. very volatile. very good way to make some pocket money. It will weaken again soon, then strengthen. i think it going to be like this until some capable leader come along.

in my opinion, making money will be only good for insiders, we, outsiders will be too late when we get the news break.:o

 

[Happyhour]

in my opinion, making money will be only good for insiders, we, outsiders will be too late when we get the news break.:o

Ask Narong for tips and advice on currencies.

 

[452SAR]

Sing dollar has to remain strong if not there will be repercussions. almost everything from basic food staples are imported, if sing$ depreciate, sinkies will be stuffed with hunger, at least the poorer sinkies.

SIBOR crashed in recent months because our 3 local banks are flowed with so much liquidity that they beg you not to place fixed deposits with them.

 

[frenchbriefs]

strong sing dollar might make things cheaper for businesses to import goods and products from other countries but everything is still expensive here for the sinkies who shop eat and live in singapore.....i wonder who is getting screwed......

take for example 3 pieces of kfc meal cost 10 RM in malaysia which is like $3.30 sgd.........if malaysia can rear their chicken,slaughter it process it,cook it and serve it at their KFC for only 10 ringgit or less than $3 SGD.......can tell me why the fuck Singapore KFC need to import the same chicken cook it and serve it and sell it for $10?nearly 300% markup?where the extra $7 profit go?rental?government taxes?shareholders?knnbccb......sinkies are getting screwed

 

[dancingshoes]

SIBOR crashed in recent months because our 3 local banks are flowed with so much liquidity that they beg you not to place fixed deposits with them.

sibor did not crash, it is only temporary. once US fed hike rate again, sibor will go up again.

 

[dancingshoes]

strong sing dollar might make things cheaper for businesses to import goods and products from other countries but everything is still expensive here for the sinkies who shop eat and live in singapore.....i wonder who is getting screwed......

take for example 3 pieces of kfc meal cost 10 RM in malaysia which is like $3.30 sgd.........if malaysia can rear their chicken,slaughter it process it,cook it and serve it at their KFC for only 10 ringgit or less than $3 SGD.......can tell me why the fuck Singapore KFC need to import the same chicken cook it and serve it and sell it for $10?nearly 300% markup?where the extra $7 profit go?rental?government taxes?shareholders?knnbccb......sinkies are getting screwed

sinkieland is indeed overpriced. from petrol to dining, all add up to high cost of living.

recently, i got a new dell laptop intel 6 geni5 processor, bought other spare parts and now running on 500GB SSD and 12 GB DDR3L, with 2G ddr3 video, all cost only 1K AUD for me, you won't be able to find a better deal in sim lim square either. if you can, i will buy another one for you, i mean it.

 

[452SAR]

Buy Ringgit better, they just caught the world's longest snake.
Ringgit will appreciate to 2.80 against Sin dollar by June.

http://www.theguardian.com/world/20...ython-estimated-at-8m-long-caught-in-malaysia

Yours truly read that the snake just died after laying eggs
http://www.bangkokpost.com/learning/easy/931001/huge-malaysian-python-dies-after-laying-egg