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> Devalued Ringgit benefits rural folks, says Hasan Arifin

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david_lai
post Dec 22 2016, 12:07 PM

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Its true, rural area regardless of races. If you are farmer, your income correlates well with palm oil prices. CPO prices were below RM2,200 last year. Coming to year end the price is at RM3,000. That is 36% jump in revenue. Rural folk would definitely benefit. People have more cash to eat out at Mamak, warung and restaurants or they purchase more household items. The increase of money circulation will help the rural economy.

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