Wow, this is a major relief.

If proper study is done, the ministry of finance will not proceed with these taxes or at least the rate will be low.

another positive news

Ringgit climbs towards 6-month high on oil rally

seems like going towards 4.0 

but it's endless possibilities.... maybe can U turn later on   

https://www.thestar.com.my/tech/tech-news/2...g-as-we-know-it
To deep to understand but how will this affects currencies like USD n MYR, crypto-currencies?

Yes. Rm is strengthening against many other currencies. But I keep wondering how far it would go and how long it would stand. 

dollar index has been rising, majority of government debts(around the world are ARM) are denominated in USD, as long USD is the major reserve currency, USD will become the most attractive major currency to hold , especially US Treasury Bills, this would push the US dollar higher.

Previous Malaysian government has screwed up our finances, our ringgit has been recoupled with oil by Lim Guan Eng idiot, we have about 35% dependency on oil, thus with the drop of oil price: our currency has crashed.

I do not think Saudi Arabia or Russia is going to back down within the next 6 months until US shale oil producers fail to pay their debt and go bankrupt,oil price should drop to USD20-25/barrel.

Once oil price increases or GST is reintroduced(which is only possible with COVID-19 vaccine discovery ,proper cure or massive reduction in COVID-19 cases).

My assumption, COVID-19 cases will be curtailed in the next 3-4 months, so I am expecting drop of ringgit to USD around RM4.70-4.80 against 1 USD prior achieving year end target of around RM4.40 against 1 USD with year end target of USD35-40/barrel oil price and 6% GST.

RM vs Aud 2.46!!

Its not MYR is strengthening. Its usd is weakening due to covid19 cases up like crazy and they are on top spot now. Furthermore, they print a heck lot of dollars and this affects usd