Tuesday, 1 November 2022

Singapore Straits Times on the Ringgit : Breakout!!

is a top ten hit single on both sides of the Atlantic for the British trio Swing Out Sister in 1985, ahead of their debut album which was only released two years latter.



THE Ringgit is going to hit RM5 to one US Dollar within the next 180 days, while against the Singapore dollar it could perch at a record RM3.45.


And breakout
When explanations make no sense
When every answer's wrong
You're fighting with lost confidence
All expectations gone


WHO has made this dire prediction? Well it's none other than the highly respected and serious newspaper The Singapore Straits Times. READ : The Run on The Malaysian Ringgit.

WHAT is this going to do to inflation and borrowing rates in Malaysia? Nothing or Mayhem? One thing is certain, we need a new man and brand new team not only to run the Finance Ministry but also my country.