Why Malaysia’s Currency Has Been Falling: Can The Ringgit Recover? | Insight | Full Episode

15:01 the Malaysian container driver says he’s bought 2 houses in Malaysia due to his working in Singapore, and if his motorcycle breaks down, he’s able to buy a new motorcycle with his one month salary. It’s no surprise why many Malaysians are willing to endure the hours of traveling to and fro, between Malaysia and Singapore everyday because they’ll be able to give their families a better life.

Malaysia needs to shift its focus to merit.

It is interesting to see common Malaysians complaining about rising prices in the beginning, followed by comments by experts of Malaysia’s inflation is low/well controlled.

Oil revenue from East Malaysia for 60+ years all went missing. Malaysia really boleh. 😂😂😂😂

Najib is a great role model on how to grow money out of thin air. Perhaps everyone in Malaysia could emulate him.

Malaysian Ringgit’s value is a reflection of its policies that prevents the economy to move up the value chain. Subsidies might help the people but in the long run, it will bankrupt the government which also affects the ringgit so it’s a vicious cycle!

Ya know....I should indirectly thank the government for this one. I graduated from a top tier government high school in Malaysia and many of our bright minded students who are from rich families left for Australia right after SPM and didn't bother to waste 2 more years of STPM to decide their fate. All end up being doctors and engineers. I was in limbo for a few years before my golden opportunity to study overseas in US came. 30 years later, here I am working and living in TX, looking to retire in a few years and I never looked back. I remember during the early years of my engineering career, my parents told me about how the government is using cash to entice Malaysians with technical backgrounds to return home. I laughed. They really need to ask themselves whatever happened to those they sent overseas with full scholarships and I think I know the answer to that.

It's time to vacation to Malaysia, to stimulate its economy 😊

Some bankers are telling me that they are projecting the rate of exchange might hit 1:5 in the next 10years if MY continue the way they run their finances.

Malaysia has a lot of room to grow. Overall experience was good when I visited Malaysia last year. The only thing that needs to improve is immigration. I had to queue for almost 3 hours to go through immigration and the immigration staff were not friendly at all. I hope they can be improved over time.

I hope Ringgit will go up and SGD will go higher.

It's more important than ever to support each other. Buying local helps all of us in Singapore thrive. Let’s do this together! 🌟

In Malaysia, the weakening Ringgit is largely due to the heightening extremism, racism and discrimination that has led to loss of confidence amongst investors, businesses and consumers. It is not fighting corruption at war footing. It seems to have rewarded the inefficient civil service with a 13% undeserved increase in salary. The government better learn from the failed states such as Pakistan and Sri Langka lest it is sliding down the same road!

Again seeing CNA trying to deflecting Singapore’s own problem of sky high cost of living especially on rent by showcasing its neighbour problems. If Singapore is doing very well, I bet they will just keep quiet and while enjoying the advantage of low MYR. Thus I believe their government are seeing huge foreign investments and jobs are taken up by Malaysia as depreciating Ringgit is value for their money, they now doing propaganda to pacify the populace that loses job to Malaysian that command less pay. Similar trick like how US is doing to China. So good sign for Malaysia.

everybody is laughing and mocking at Ringgit now 😣...it's a sad and heartbroken moment for Malaysia, especially for those normal citizen who are innocent and endure the shame on daily basis...I wish a speedy recovery for Malaysia and hopefully in the future there will be a cheerful moment for the people... should stop the tears and may justice prevail... ❤️🇲🇾❤️

As an Indonesian, i am looking forward to see Malaysia being close to Singapore. Drop racial and religious segregation, Indonesia has the same symptoms and it's detrimental to it's growth, the future of Indonesia are not that bright too. We'll see.

Malaysia exports a lot of oil and gas. It received the monies in usd as oil and gas are priced in usd. The government have lots of myr when the oil and gas usd monies are exchanged into myr. The big issue in mal is that there are too many subsidies in the economy. There are lots of subsidies to government servants, poor , race based etc. The government should force the people to work harder by cutting down the subsidies during the good times not during the bad times. The government sector is too big. Too much expenditure. Too much oil subsidies as well. Malaysia have wisely chosen to keep a low interest rate instead of following the feds. Ringgit would naturally fall as the int rate in Malaysia is lower. Housing loans is only 3.8%. Singapore is 4-5%. US is 7%.

As a someone said..WHAT local brand? Even the LOCAL currry puff uses imported Flour. Coffee is imported.. i dun think they grow coffee beans in Malaysia, so your local kopi is not so local.. the sugar in ur kopi-O is also imported.. so ur Roti Canai uses imported flour, ur kopi uses imported coffee powder and imported sugar..

Excellent show . tkx

Singaporeans should be more concerned about rising living cost on our home turf and rising local unemployment that's being taken over by the very manpower that we're commenting on. Many Malaysians are so lucky because Singapore is only a stone's throw away to be able to earn better incomes and live better lives for themselves. While Singaporeans can't return the favour but have to travel far and wide.