Tuesday 10 January 2017

See You At 4.60. Standard Chartered Bank. Leave The World Behind

Is the 2009 dance hit for Swedish House Mafia.

Standard Chartered Bank now says, the Ringgit, shall LEAVE the world behind and slump to 4.60 this year against the US Dollar.

All this is supposed to take place within the next five months. If Standard Chartered is accurate, then this is good news for exporters such as DuFu, Meico Chipboard, Hevea, Inari, Top Glove, Chee Wah and a host of others.

Ringgit at 4.60 is going to create a headache for construction companies, as their cost is going to shoot through the roof.

At the same time , it should help the tourism sector , though the worry is at present we are attracting mostly tourist from China , India and Singapore, but the gwailo market seems to be thinning.