Try RHB,...

Wahh,..       if everybody in Msia starts doing what you are doing now, soon our kerajaan will impose some form of controls already.     

Actually according to Gen-X a while back, the controls are already starting to be enforce.

Can you show me the link ? How is it being enforced now ?

I do know that procedrs hav always been in-place whereby everytime we need to send funds out, we must fill-in the Form P for the central bank, and the transmiting bank will want to see some proper paperwork to justify sending the funds out,. like the institution invoice, or supplier's invoice,... Are you talking about this procedure or is there a new procedure being put in place or added-in ?

I think Ramjade needs to TT out the USD10K, so must use the banks. I know, I know,.. some money changers 'can do TT' also,... but that's being controlled now.

Here is some of it.
https://forum.lowyat.net/index.php?showtopi...&#entry72061921
https://forum.lowyat.net/index.php?act=findpost&pid=72350754

It might be a bit long as it is a post in the previous fd thread.
Yup. You guess right. I need to do TT next year. But I am very sure next year will be Usd1= RM4. Might as well save some money where I can.

no la... those discussions in fd thread does not relate to normal individuals transferring money abroad.
i tt'ed usd10k a couple of months ago, no problem, just a form to fill up.

u r planning for next year but w/o a usd acc in yr name, where to tt to?
u can use a trusted friend's account, that's one way.

buy n keep cash usd is not a good idea.
by n keep travelers check also bad idea, expensive.

How would you know that he has no USD acct abroad ?

if he has, why wud he ask questions here?

The further sharp depreciation of the Malaysian ringgit to a nine-year low against the US dollar and an all-time low against the Singaporean dollar since the beginning of June has significantly increased the purchasing power of Bruneian consumers shopping in Malaysia,” said Rajiv Biswas, chief economist at the US-based research firm IHS Inc.

The ringgit has been depreciating against the Singaporean and Bruneian currencies since September 2014.

No I don't have USD account nor am I in the USD. Just that payment required in USD.

I am still open to ideas on how to open a foreign account.  That's why I am asking around, how to open an account in a foreign country. Don't tell me to fly to the US/UK. Too expensive. My best bet is SG, AU, NZ. At least have some backup in some foreign country.

Are you a strong user (close client) of Maybank in Msia ? Quite some amt in Maybank Msia ?

Yes. I am a strong user. All my online purchase goes through them. But unfortunately I am poor kid. When and apply for m2c last time at garden got rejected cause no salary. I don't have substantial amount in maybank. I put in money into there only when I need.

Most of money is locked up in FD, as1m (mother's) Right now I have about Rm45k in m2savers which I am going to use to convert to usd in 2 weeks time. That's why I am asking for bank with best rates.

Try with Maybank Sgp. Tell them tht you are a loyal client with Maybank Msia. Let's see if they will open an accunt and USD FD for you. Plese PM the results of your try. One forummer earlier promised me to update me but after almost 2 months, no news.

Pls do update results.

Singapore?  There's no way no way I can go Singapore. I am not in johor. I am in selangor.

If you are talking about opening account in Sg,, then yes. I am willing to travel down to Singapore to open

My friend, yes, go down to Maybank Sgp fro them to see yr docs. Bring all possible docs along. Go to the HQ at Battery Road. Try yr best,...

Ringgit likely to face continuous pressure
http://www.thestar.com.my/Business/Busines...sure/?style=biz

Malaysia Trade Surplus Narrows in May

Malaysia reported a MYR 5.51 billion trade surplus in May of 2015, slightly down from MYR 5.65 billion a year earlier and matching market consensus, as imports fell more than exports.

Year-on-year, exports declined by 6.7 percent to MYR60.45 billion in May. Sales of all main commodities fell: LNG (-47.9 percent to MYR2.6 billion, accounting for 4.4 percent of total shipment); petroleum products (-28.3 percent to MYR3.80 billion, 6.3 percent share); crude petroleum (-22.1 percent to MYR2.3 billion, 3.8 percent share); palm oil and palm-based products (-7.3 percent to MYR5.3 billion, 8.8 percent share); natural rubber (-42.4 percent to MYR220.7 million, 0.4 percent share); electrical and electronics/E&E products (-0.6 percent to MYR21.1 billion, 34.9 percent share) and timber and timber-based products (-4.5 percent to MYR1.7 billion, 2.9 percent share).

Compared to the previous year, exports to Japan fell the most by MYR 2.0 billion, followed by Australia (MYR -1.1 billion), Taiwan (MYR -527.6 million), Indonesia (MYR-475.5 million) and the US (MYR-269.2 million).
                  
Imports decreased by 7.2 percent to MYR 53.49 billion, mainly due to a drop in purchases of intermediate goods and capital goods. Imports of intermediate goods, representing of 57.6 percent of total imports, fell by 8.4 percent  to MYR 31.7 billion, mainly due to industrial supplies, processed (MYR-1.5 billion, -11.1 percent) and fuel & lubricants, primary (MYR-1.2 billion, -41.7 percent). Purchases of capital goods, accounting for a 14.5 percent share, declined by 5.0 percent to 8.0 billion, due to a decrease in  capital goods (except transport equipment) (MYR-284.4 million, -4.1 percent) and transport equipment, industrial (MYR-131.4 million, -9.7 percent. In contrast, imports of consumption goods, accounting for 9.8 percent share, expanded by 27.2 percent to 5.4 billion, due to an increase of semi-durables (MYR747.5 million, +143.4 percent); food & beverages, processed, mainly for household consumption (MYR212.3 million, +17.9 percent) and non-durables (MYR18.8 million, +10.9 percent).

Compared to the preceding year, imports from the EU countries Singapore declined the most by MYR 674.5 million, followed by Singapore (MYR-672.1 million), United Arab Emirates (MYR-RM659.5 million), the US (MYR-641.7 million) and Australia (MYR-585.9 million).

In April 2015, Malaysia posted a  MYR 6.89 billion trade surplus.

Statistics Malaysia l Rida Husna l rida@tradingeconomics.com
7/3/2015 6:08:42 AM
http://www.tradingeconomics.com/malaysia/balance-of-trade