Which place offer the best exchange rate in KL?

Which place offer the best exchange rate in KL?

so, any measure or outcome from the PM meeting today?

This morning Prime Minister Datuk Sri Najib Razak announced measures to support Malaysia's economy, including a RM20 billion allocation to ValueCap to prop up the stock market.

Najib also announced other measures such as the exemption of import duties for companies in the factory sector.
http://www.theedgemarkets.com/my/article/k...rt-stock-market

usd/rm stays rangebound 4.31x.

Which place offer the best exchange rate in KL?


If MYR change to foreign currencies..after my survey ,this one have best forex rate.

They are beside corner Mcdonald but difficult to find parking space.

http://www.jalinanduta.com/flag.php

PM announces ValueCap revival, RM20b injection in bid to boost economy - See more at: http://www.themalaymailonline.com/malaysia...h.VlfcbGoy.dpuf

“In 2002, ValueCap was created to support underperforming shares and it had proven to be effective in stabilising the equity market,” Najib told a press conference here.

Among ValueCap’s shareholders are key state investment fund Permodalan Nasional Berhad, state-owned Employees Pension Fund (EPF) and Khazanah Nasional Berhad, which Najib said had profited much from ValueCap’s set-up then.

ValueCap was mired in controversy during the Mahathir administration and faced allegations that the fund was meant to be used as a vehicle to bail out underperforming companies seen close to the ruling coalition.

Putrajaya denied the allegation, insisting that the investment fund was established to help nudge capable but undervalued companies.

Many of the so-called undervalued companies were reportedly affected by the 1998 Asian financial crisis.

- See more at: http://www.themalaymailonline.com/malaysia...y.kEV32Pf3.dpuf

we'll see if this valuecap will be able to keep prices high or simply allow foreigners to get out at better prices.

seems no effect on rm today.

notice epf is in there?

we'll see if this valuecap will be able to keep prices high or simply allow foreigners to get out at better prices.

seems no effect on rm today.

notice epf is in there?

It's artificial for me
How long can Valuecap support if foreigners and/or local boys r selling

we'll see if this valuecap will be able to keep prices high or simply allow foreigners to get out at better prices.

seems no effect on rm today.

notice epf is in there?

No effect on rm yet but Bursa had late rally 2.25% after the announcement?

The government will at the same time consider measures to prevent further increases in the foreign labour force in the country as they are responsible for an outflow of RM28 billion a year, said the Prime Minister.
The government will also offer 20,000 homes, between RM100,000 and RM500,000, to eligible youths between 25 years and 40 years and there will be incentives for them, training schemes for unemployed graduates, incentives for the small and medium industries and measures to help the hospitality industry capitalize on the cheaper ringgit.
The Klinik 1Malaysia will be increased from 326 by another 16 this year and 33 next year. The Kedai 1Malaysia, Kedai Kain 1Malaysia, Menu 1Malaysia and Kedai Buku 1Malaysia outlets will all be increased. The 169 Kedai 1Malaysia, for example, will be increased by 25 this year and 12 next year.
http://www.freemalaysiatoday.com/category/...r-new-measures/

here, more news on "economic measures"
about foreign workers, didn't dpm promised 1.5 more banglas in next 3 yrs?

here, more news on "economic measures"
about foreign workers, didn't dpm promised 1.5 more banglas in next 3 yrs?

How v can implement infrastructure projects namely LRT n MRT if tis group of workers is not available

i though indons do constr, banglas are for plantations?

usd/rm stays rangebound 4.31x.

Told you already that the best measure they can come up is to prop up something using money.
But donno where the money come from. RM 20 Billion!
How will this affect the Budget? More deficit? That is why you dont see any effect on USDMYR.