BFM Podcast
In The Ringgit's Defence
P. Gunasegaram, Joint CEO and Founding Editor, KINIBIZ
03-Aug-15 11:14
Will the ringgit breach RM4 to the US dollar? P. Gunasegaram, the Joint CEO and Founding Editor of KINIBIZ discusses what Bank Negara is doing to ensure this does not become a self-fulling prophecy.
Guna also addresses the question, are Special Purpose Acquisition Companies (SPACs) really necessary?
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Discussions
Be the first to like this. Showing 7 of 7 comments
RMB will be a bad bet. RMB is kept stable for SDR inclusion. After that, there's little incentive to keep RMB high. Look at what the traders are doing with RMB forwards.
2015-08-03 15:38
Ringgit will be above 10 to USD when real riot occur and will stay at 15 when exodus of minorities begin.
2015-08-04 10:26
Hi Guys,
I think all of you are too pessimistic at this juncture.
The crash of ringgit is a blessing in disguise. It makes Malaysian goods super competitive in world markets. See how Abenomic devalued the Japanese yen? As a result Japanese exports roared back to life against the Koreans, The Taiwanese & even against China!
When Dragi devalued the Euro against the USD hordes of tourists from USA made a beeline to Europe for tours & shopping!
And inbound tourism will also boom & boom for Exotic Malaysia.
Malaysia - Truly Asia
Malaysia - So Much More You Can Discover
And with cheaper ringgit tourists will flood all parts of Malaysia - bringing in billions rm!
And one place in particular will shoot up through the roof!!!
Iskandar & Johor
Why?
Answer:
Singaporeans will buy up Johor Real Estates like no tomorrow.
Singapore factories will all relocate to Iskandar
All Malaysians who travel to Spore to work in Spore during the day but live in Johor at night will have Tremendous Spending POWER!!!
Since Iskandar will be Asia's Theme Park of the World like Orlando in USA. Expect a Flood of Tourists to visit Malaysia and especially Iskandar in particular.
SO LOOK AT THE BRIGHTER SIDE!!
CHEERS!!!
HIP HIP HOORAY!!!
2015-08-11 10:27
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