How does the sg gov hike the sgd though? I understand that it's easy to weaken your currency. You just have to print money /buy foreign currency etc. But how do you do it when it's the other way round? Probably one way is increasing interest rates but their rates are at near 0 and it's still strengthening.

This post has been edited by orangbulu: Jul 30 2015, 03:40 PM

Dont think you can withdraw SGD in Malaysian banks though.

I had some RMB which i wanted to keep in Malaysia banks, but they do not accept RMB cash, and do not let me withdraw in RMB, so i just parked all my RMB in my Singapore account instead.

This post has been edited by orangbulu: Aug 1 2015, 04:14 PM

MAS has already issued a statement few months back

Singapore, 14 April 2015…In response to media queries, the Monetary Authority of Singapore (MAS) said today that certain market commentaries suggesting that MAS had been intervening heavily to support Singapore’s currency were incorrect. These reports had erroneously cited the fall in Singapore’s official foreign reserves (OFR) and MAS’ FX swaps since mid-2014 as an indication of heavy intervention by MAS to support the Singapore Dollar Nominal Effective Exchange Rate (S$NEER).

Link

Everyone is depreciating against USD, no doubt about that. But you cannot DENY that RM is the WORST performing currency in ASIA.

Malaysian working in singapore even happier.

Well 80-90% of the working class dont pay income tax anyways, and they are still enjoying government service. That is one of the reasons they implemented GST in the first place, such that everyone pays their fair share.

Taxing foreign residents would be extreme, but definitely possible.

I've been thinking, do Malaysians really want the people overseas to come back? . If there are 1 million Malaysians working overseas, and they all come back to work in Malaysia, that is 1 million more people fighting for (mostly professional) jobs, more cars on the streets, more demand for properties resulting in higher prices etc.