Is a 1995, hit single from No Doubt's TRAGIC Kingdom album.
NST, and Bernama are doing the Government of the DAY, NO FAVOURS, on how they are reporting the smackdown on the Ringgit.
READ it here : http://www.nst.com.my/news/2016/11/187934/ringgit-likely-trade-lower-next-week?m=1.
In a Nutshell, NST /Bernama says the Ringgit is going to go DOWN to RM4.30 level next week.
Hello, off shore Ringgit is already TRADING at RM4.41 to the US Dollar. The money changers, local banks are all charging anywhere between RM4.35 to RM4.42 for ONE US Dollar.
While there is nothing factually incorrect about the NST/BERNAMA report, one has the feeling that both these organisations are taking their READERSHIP for granted.
When you do that, instead of being HELPFUL to the government of the day, you are turning out to be a LIABILITY.
Anyway based on the rates being quoted by NST/BERNAMA, one money market manager said, he would love to BUY the DOLLAR at RM4.28, but the reality on the ground is that even at RM4.41, people are holding on to the US Dollar in anticipation that they can get a better deal in the coming weeks.
