The reason is simple. A good buisness takes years to generate values. Certain groups look for tongkat and handouts and the government is forced to go for short term policy. Raising interest rate is not a long term solution. Companies are paying peanuts in Malaysia and no good people want to work in Malaysia. There goes the vicious cycle. Unless we go for a merit based policy, this country won't improve. Currency rate will just drop further.
USD/MYR and SGD/MYR
May 26 2023, 07:49 PM
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