and buy more stocks of exporters with massive USD revenue

U use Continental?

not forgetting those have USD Income.. happy laughing all the way to the bank 

Ringgit slumps to nine-year low as funds exit on Fed rate bets

http://www.theedgemarkets.com/my/article/r...-0?type=Markets

Dun think BNM will intervene so early

BNM still got that interest rate ammo but I don't they want to intervene.
Lower Ringgit is good for the Malaysia (as exporters of manufactured products).
But, unfortunately, Malaysia consumers will suffer more. 

made in malaysia bro...we export them
our rubber are world class..so those tyre maker chose to make them here...hence the cheap price of the tyre that we're paying
if its imported...it would cost more than RM200/tyre+-
continental is a good choice

The strange thing about weakening Ringgit, I thought I would see imported stuff from Malaysia will go down in prices but I haven't seen that yet.  For example, no drop in Durians price in Singapore. 

i've seen those made in japan/made in thailand tyres before...it will be stated on the side of the tyre
it cost double of what we usually paid for
quality should be the same since rubber also came from malaysia anyway

buy local
i trust local rubber better and its somewhat also newer

Malaysia is vulnerable to outflows spurred by higher U.S. interest rates as central bank data show global funds hold 32 percent of the nation’s government bonds, compared with 18 percent for Thailand. Overseas investors sold a net 2.5 billion ringgit ($663 million) of the nation’s shares last month, stock exchange data show.
http://www.theedgemarkets.com/my/article/r...-0?type=Markets

So far, the currency declines have been benign in most of the developing countries. While the average 30 percent drop in emerging-market currencies since early 2011 has failed to boost exports and growth, it helped cut imports and narrow current- account deficits in the economies of Turkey and India among others.

As of April, overseas investors held an average 30.5 percent of local-currency bonds in the 10 largest emerging markets, compared with the all-time high of 31.2 percent in January, according to Credit Suisse Group AG. Malaysia has the highest foreign ownership with 47 percent, followed by 39 percent in Poland and 38.5 percent in Indonesia.

Capital outflows have already started. Investors pulled $577.7 million from U.S. exchange-traded funds that invest in emerging markets last week, the first outflow in almost three months, according to data compiled by Bloomberg.
http://www.theedgemarkets.com/my/article/o...trong-greenback

Lower Ringgit is good for the Malaysia (as exporters of manufactured products).

"The point is why we didn’t think of this earlier, i.e. depreciate our ringgit earlier to get the perceived benefits."
Full article: http://www.malaysia-chronicle.com/index.ph...2#ixzz3ckUYhPzZ

Somehw I just cant belief tht our local goods will become cheaper after the BNM cuts the OPR by 25bps.

Agreed for most of the currencies in the world (incl the mighty USD), HOWVER, in my many years of chasng passve income, I have come to realise that the SGD has NEVER failed me. In the long run, it has always been up, up and up against the RM. The MAS has always advocated a gradual appewciation of the SGD.

1. Put S$1000 in FD renew on maturity from 1997-2015 = S$1208.84

2. Put RM1790 in FD renew on maturity from 1997-2015 = RM3652.44

3. S$1208.84 x 2.78 (2015) = RM3360.57
RM wins. Malaysia Boleh. Bercukur ada Barisan Nasional

Shld b 3.80 rite?

If US raise their rate, then USD/RM will reverse the trend. Watch this space.

Xuzen

So far US already call the wolf is coming since end of last year. And each time they call, rm gets weaker

That's why US try to push for TPA, the president even talk openly that if those small countries(like Malaysia) will suffer the most if don't sign TPA agreement and let China dominate the economy

Not really, Saudi's only need to spend 1-5 to dig oil out while shale oil need to use 40-50 to produce. That's why Saudi dare to sailang to have oil price of 20
But again, at 50, almost all O&G suffers

Is it a good time to change most of my foreign currency now? I.e. My sgd... Got few Thousands in hand...
Or just keep monitoring?

Dr M’s attack on Najib bad for economy, says Ahmad Maslan

Asked about the continued decline of ringgit, Ahmad said if the situation continues, prices of imported goods will eventually increase.

- See more at: http://www.themalaysianinsider.com/malaysi...h.fwyokPrG.dpuf

Foreign investors offloaded RM852.7 million last week, says MIDF Research
By Surin Murugiah / theedgemarkets.com  | June 15, 2015 : 11:06 AM MYT  KUALA LUMPUR (June 15):

The heavy foreign selling on Bursa does not seem to be abating, with foreign investors have now been net sellers on Bursa for seven consecutive weeks, according to MIDF Research.

In his weekly fund flow report today, MIDF Research head Zulkifli Hamzah said that for the third week running, the amount offloaded was more than RM850 million a week.

“It has been the longest undisrupted stretch of “intense” selling so far this year.

“Last week, investors classified as “foreign” sold equity listed in the open market on Bursa on a net basis amounting to RM852.7 million,” he said.

Zulkifli said it was only a small let up from the RM926.1 million sold the week before.

He said that for the third week in a row, foreign investors were net sellers every single trading day of the week.

“All in, they had been selling for the past 19 straight trading days.

“As was the case in the preceding week, the amount exceeded the RM200 million mark on Tuesday and Thursday, making it 20 days so far this year that the amount had surpassed the threshold,” he said.

Zulkifli said that in comparison, daily foreign sale exceeded RM200 million on 23 occasions in 2014.

He said that last week’s selldown increased the cumulative net foreign outflow in 2015 to RM7.5 billion, surpassing the RM6.9 billion outflow for the entire 2014.

“We estimate that there is still an overhang of about RM15 billion-RM20 billion of foreign portfolio liquidity on Bursa.

“Foreign shareholding on Bursa should be close to 23%,” he said.

Zulkifli said that foreign participation (daily average gross purchase and sale) declined 16% to a moderate RM846m, the third lowest this year.

He explained that local institutions mopped up RM852.0 million last week but participation rate fell further to RM1.56 billion, the
lowest this year.

“Retailers were hardly in the market, with only RM700,000 change in net position. Participation rate of RM508 million was also the lowest this year,” he said.
http://www.theedgemarkets.com/my/article/f...s-midf-research

Ringgit Nearing Asia-Crisis Peg as Zeti Optimism Not Shared

“As with other currencies, the ringgit will face a number of pressures including a strong dollar and higher U.S. rates,” said Mitul Kotecha, head of Asia Pacific foreign-exchange strategy at Barclays Plc in Singapore, who predicts the ringgit will end the year at 3.95. “Given that Malaysia is still the only net oil exporter, any rally in oil prices may alleviate some of the pressure on the currency.”

http://www.bloomberg.com/news/articles/201...mism-not-shared