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13-12-2014, 01:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Malaysia is our closest neighbour, Singapore and Malaysia shares a lot not just the people but economically, financial, trade, logistics, security etc etc, what happens to them will inevitably affect us.
Looks like the inevitable is going to happen soon if nothing is being done quickly. If Malaysia collapse economically should Singapore bail them out?
Ringgit plunges to lowest level against Singdollar in at least 33 years
Published on Dec 12, 2014 5:59 PM
By Chia Yan Min
http://i1382.photobucket.com/albums/ah276/froggythailand/SBF/stmoney03-121214e_zpsde686fbd.jpg (http://s1382.photobucket.com/user/froggythailand/media/SBF/stmoney03-121214e_zpsde686fbd.jpg.html)
SINGAPORE - The ringgit has slumped to its weakest level against the Singdollar in at least 33 years, on the back of an ongoing decline in global crude oil prices.
One Singdollar could buy 2.67 ringgit on Friday, compared with 2.63 ringgit at the beginning of the month.
The currency is now even weaker than it was during the Asian financial crisis - one Singdollar could buy 2.66 ringgit in January 1998.
Analysts say Malaysia is likely to be among the Asian countries hit hardest by the precipitous decline in global oil prices, with the ringgit expected to continue weakening until crude oil prices stabilise.
Oil-related industries account for a third of Malaysian state revenue.
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?195679-If-Malaysia-collapse-should-Singapore-bail-them-out&goto=newpost).
Malaysia is our closest neighbour, Singapore and Malaysia shares a lot not just the people but economically, financial, trade, logistics, security etc etc, what happens to them will inevitably affect us.
Looks like the inevitable is going to happen soon if nothing is being done quickly. If Malaysia collapse economically should Singapore bail them out?
Ringgit plunges to lowest level against Singdollar in at least 33 years
Published on Dec 12, 2014 5:59 PM
By Chia Yan Min
http://i1382.photobucket.com/albums/ah276/froggythailand/SBF/stmoney03-121214e_zpsde686fbd.jpg (http://s1382.photobucket.com/user/froggythailand/media/SBF/stmoney03-121214e_zpsde686fbd.jpg.html)
SINGAPORE - The ringgit has slumped to its weakest level against the Singdollar in at least 33 years, on the back of an ongoing decline in global crude oil prices.
One Singdollar could buy 2.67 ringgit on Friday, compared with 2.63 ringgit at the beginning of the month.
The currency is now even weaker than it was during the Asian financial crisis - one Singdollar could buy 2.66 ringgit in January 1998.
Analysts say Malaysia is likely to be among the Asian countries hit hardest by the precipitous decline in global oil prices, with the ringgit expected to continue weakening until crude oil prices stabilise.
Oil-related industries account for a third of Malaysian state revenue.
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?195679-If-Malaysia-collapse-should-Singapore-bail-them-out&goto=newpost).