Malaysian ringgit drops most in Asia this week
http://www.businesstimes.com.sg/gov...rops-most-in-asia-this-week-as-crude-declines
http://www.businesstimes.com.sg/gov...rops-most-in-asia-this-week-as-crude-declines
Board of troubled Malaysian state fund 1MDB set to step down
http://www.straitstimes.com/news/bu...d-malaysian-state-fund-1mdb-set-step-down-the
Malaysia's ringgit hits 9-year low
http://www.ft.com/intl/fastft/335432/post-335432
Ah run, step down is one thing, whether if there is going to be any deep dive investigation is another.
Life goes on for them and the rest of Malaysia.
Spot 2.7777
What a way to celebrate 50 years of independence from Malaysia
Ringgit slumps to historic low against the Singdollar
http://www.straitstimes.com/news/bu...-historic-low-against-the-singdollar-20150608
Ah run, the ringgit seems to be dropping pretty fast the last 2 weeks.....if this were to continue we will probably see 3 by year end.
Many Singapore businesses export to Malaysia
If 1:3 in 2015, it might be too fast
I fear thawins then, there will be a full-blown recession in southeast Asia
Bro, can you remember what was the FX rate for SGD vs MYR during the 1997 Asia Finance Crisis?
Was it like 1.80 meltdown to 2.40 during those months of panic?
Can't remember the exact rates
Thanks.
Wow, now is 2.78!!
No wonder malaysian chinese are transfering their ringgit savings to SGD
https://may131969.wordpress.com/where-were-you-on-13-may-1969When we got home, he told me that he had received news that Chinese people watching a movie in KL earlier that evening were hacked and chopped to death when they left the cinema after the movie was over.
History: They dun understand that the chinese in Malaysia are very united.
https://may131969.wordpress.com/where-were-you-on-13-may-1969
About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.
Higher palm oil price still never help ringgit today because of the capital flight.
Ah run, capital flight to where hah? Singapore?
Ah run, capital flight to where hah? Singapore?
History: They dun understand that the chinese in Malaysia are very united.
https://may131969.wordpress.com/where-were-you-on-13-may-1969
About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.
Higher palm oil price still never help ringgit today because of the capital flight.
Malaysia's debt rating review
If downgrade happens, Malaysia's ringgit and bond and equity markets could suffer a further hit although analysts expect this to be a short-lived, knee-jerk reaction as the market may have already priced that in.
http://business.asiaone.com/news/all-eyes-malaysias-debt-rating-review
50% chance of downgrade
If downgrade, we will see 2.85 before NDP
Weaker ringgit a boon to Malaysia's tourism sector
SGDMYR 2.60 now
- Massive influx of cash in 2013 for Iskandar & Penang properties failed to stop downslide.
- Average 10-12% annual increment for household debts in the past 5 years.
- Extremely large foreign holdings of local govt debts. Malaysia 48% vs Thailand 18% vs S.Korea 12%
- Fitch Sovereign rating downgrade outlook: 15 consecutive years of deficits.
- Export weakness due to lower commodity prices + Chinese demands.