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$SGD/MYR (SGDMYR.FX)$ When news talk about Malaysia's econom...
$SGD/MYR (SGDMYR.FX)$ When news talk about Malaysia's economy growth and ringgit up, the truth is, Malaysian government or economy has nothing to do with ringgit up or down. The Malaysian government can do nothing to control the currency or boost the economy.
The only thing that the Malaysian government is good at, is to take money from their people. Corruption is world class.
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im_believer OP : Investors have no long-term confidence in Malaysia. Even Grab went to Singapore. Now Anwar leaning towards China will also backfire.
im_believer OP : Next year with Anwar's Budget 2025, this will be 4. Inflation will hit the entire Malaysia and Johor Bahru. Singaporean will be less desired to come spending in Malaysia. There will also be less foreign investors when the ringgit keeps dropping.
im_believer OP : Malaysians including smart and stupid people have the rights to vote for their government. However investors from all over the world vote with their money. Which is a more valuable vote?
103138622 im_believer OP : Voted with my capital. All MYR converted into USD and SGD. No regrets at all.
103138622 im_believer OP : Particularly facing the upcoming China Hawks and Trump himself.
im_believer OP 103138622 : As Malaysian myself, I am very disappointed in the government. Anwar is a hypocritical piece of shet. The most disappointing thing is that I can barely find any strong candidate to replace him.
im_believer OP 103138622 : It's the only way we can preserve our capital.