Actually yes. ECRL. Once that is operational SG ship industry will be severely affected as ships don't need to sail downwards to SG.

They can just drop off the item at penang/port klang. Items will be carried by train over to east coast for another ship.

When tangung pelepas became operational, Singapore lost 17% of the ship business.
Read here for more info
http://investmentmoats.com/stock-market-co...stment+Moats%29

Singapore is just a temporary place for now.

Learnt something new~ but the ship industry constitute how many percentage of their source of income..

Ship industry for them is big. Some of their blue chips industry are ship industry related. When the oil price tank, the ship industry was affected which cause their banks to be affected also.

Icic.woah~

Hopefully la best country to live~

http://www.theedgemarkets.com.sg/article/f...laysian-ringgit

Analyst thinks MYR might strengthen against SGD.

this report, analysis is good, very sound.

"MYR might strengthen against SGD"... i read it saying MAS might recalibrate their band and slope to keep the SGD from rising in tandem with USD, i.e. it needs to balance with the SGD with RM and RMB which are major trading partners. now, that has been speculated, rumured since >1 year ago. yet, month after month, it strengthens against the RM.

last couple of days, SGD declined against RM. i see this as not due to MAS/SGD but that the USD regaining strength from $ index 99.6100 to 102 to 101.4 today as the fed gets hawkish. The RM has been crawl pegged to the USD (at 4.45) with BNM intervention which explains why it gained against SGD.

for the near future, i do not see MAS/SGD doing anything unusual. and i quite certain the fed will hike rates by 25bps on mar 15 (mar 16 here).

where the RM goes will depend how much more BNM wants to intervene with FX reserves to keep up with USD.

my bet is after fed hike rates, it will let go and let it slip but not higher than 4.50.

SGD will be closer to 3.20.

just what i think... let's see, shall we?

SGD has always been tightly controlled by MAS. MAS has adopted the strategy of currency control as a tool to stabilize the economy, where other country mostly use interest rate as a tool. Because SG does not use interest rate as a tool, the interest rate has been mostly flat. Sg is the only country in the world to use currency control as a monetary policy.

Current MAS position is 'neutral' against a basket of currency. The composition of the basket is secret but it is speculated to include most of it;s major trading partners which includes mostly RMB and USD..

Why MAS use currency control instead of interest rate? It is maybe because of cash horde of foreign currency it is holding, its positive current account balance and surplus budget. No other country can match the financial powers of small Singapore which is why it is rated at AAA. (Super safe)

In comparison USA is rated AA+, EU is rated AA and Malaysia is only rated A-

As long as MAS maintain neutral or positive position, your SGD buying power is mostly guaranteed. Unless MAS change to negative, then only you need to worry. MAS revise the policy every April and October.



So SGD strength over the many many years is not by chance, but is tightly controlled by MAS. Below is the estimated SGD NEER chart, last policy in changed 2015 has left unchanged until now.



This post has been edited by gark: Mar 6 2017, 05:42 PM

thanks for posting the background.

useful for those who don't already know!

For some reason that link isn't working for me (error 403 permission denied), but I managed to find a Google cache of it.

I think shouldn't compare with the SGD-lar,... surely will lose,... compare with, say,... USD or Euro or JPY, more logical, because these currencies are NOT tightly managed by their central banks,...

Our FX reserves has been stable at USD95b since end Jan-17
SGD support imho is potentially at ~ 3.10 (mid point 3.07-3.12) ?!?

At this juncture, it is no longer about economic numbers and such. It is above risk and confidence in the politics of the nation.
SG, a stable and transparent nation vs Msia, an unstable and rather opaque governance with multiple socio/political/religious risks.
Where, as a FDI would you rather?

Sounds reasonable if you are looking at Malaysia from an investor viewpoint. The problem is, our people especially those in power likes to live a life of denial. Being so, they are hoping to make everyone feel the same too.

Believe arrogant is a more appropriate word.

yep, it has passed that stage.

what comes next?

maybe BRAZIL can offer a glimpse... a country once touted as a star in BRICS, an oil exporter too.

but like boland, it's a developing economy, full of unabated corruption. only that they threw out the president while the #1 here continues to enjoy great support.

check out the value of the brazilian real...

$ index rising as mar 15 nears, 102.17.

and crude lost 5% last night.

yet RM still at 4.45x, 3.14x /SGD, 3.35x/AUD.



not a bad time to buy $ or SGD, today!

Ya, SGD and AUD retreated a little. Could have some more room before 15/3 I reckon...

SGD have been flat at 3.155 - 3.16 for this week. How is that a good time? Unless fall to 3.14x then good time unless it's going up further

This post has been edited by Ramjade: Mar 9 2017, 10:26 AM

Yes, bros,... I've been waiting for today,.... BUT I think it's still too early to go in,... the rise in USD will still have further legs to go.