endless possibilities...

previously maybe because of BN useless policies...

but looks like now could be different..... just saying only.. previously everyone die die say BN won't lose another 100 years.. but see what happen now...

I have a lot USD at stake here, please maintain around RM4/$1 please!

change/improvement won't happen overnight.
may take months and years to get to a new trend or balance.
too soon to take any position now, best to stay put.

e.g... what if all is revealed and there had been a lot of false data?!

let's say u r more optimistic than me about "change".

i have my doubts about how fast and deep change will come.

this is in the context of the RM strength.

those are no doubt major fiscal moves but do not directly contribute to strength of rm.

on the contrary, they will weaken it as gomen revenues will be significantly reduced.

while increased oil revenues will help and there are no plans to incr debt, it will very much in the end depend on how well they plug leakages, reduce wastage and rein in questionable opex n capex.

now add to the challenge if indeed there was massaging in official economic data - if actual situation is actually not as pretty as reported.

note how zeti, daim and tun went to great lengths to address those issues during press conferences.

note also tun had in the past, cut interest rates to spur consumption, i.e gdp growth - that kind of monetary policy move does not strengthen a currency.

in short, while i am optimistic of overall economic improvement, i am less convinced there will be quick strengthening of the RM.

more likely it will weaken before it gets stronger.

just my view.

2 Billionaires + their friends and their followers would make a big difference. These people are all in for the money anyway.
Well.. like mentioned, that is politics. IMO investors both local and international are not taking to the change of government too badly. This can be seen that there was no Ringgit freefall right after the elections. I would think investors know better who and what is bad and what is not for the country.

Well they are doing very well for now no? With the support of the current government, I think this is the way to go until the market really stabilize.

In addition if the revision of fed rate coming more soon, myr probabbly depreaciate more in future one to three years along with the recent big change in our politic.

Whether myr long term down trend could be reversed will depend on fiscal discipline, economic policy, etc, which the new gomen will need a few years to implement.

The new govt policy will certainly take some time to implement, whether they are effective or not is another question. But from the looks of it, I am positive on the future outlook of the country, the short term MYR might take a beating, but we are on for the long haul.

Actually not really because of 1 person...
SG tightened their rules.... Many high profile citizens from around Asia also kept thier $$ in SG... Hide their wealth from respectively countries....

Exact SGD figure isn't known, but since it was reported that "most of the cash was in Malaysian ringgit and Singapore dollar" I assume SGD was at least in the millions for it to be "most".

Well lucky some of us already took the advantage of opening account in SG

Well before they "close the door" 💪

Never been opened, how to close ?

"A combination of a weak currency plus cheaper price of goods would make Msia a haven for residents"??

Such BS...
it's won't be cheaper price of goods... Many would suffer..
and more outflow is going now... from foreigners views.. it's big No for Malaysia.

Beside kangkong and palm oil. most of foodstuffs and necessities in this country are imported. weak currency is likely will lead to rise in inflation. the consolation at the moment is elevated oil price which ease gomen fiscal deficit.

Well for one.. Malaysia import many goods & products.. And many are priced in USD.. Since the greenback is stronger.. The cost of producs would be higher..  U might say GST is abolished.. So must be cheaper.. Yes. On paper must be cheaper.. But u needed to consider others cost too... Add that all up. The price won't be cheaper...