THE only time the Ringgit slumped to such a low state was around Jan 1998. It is, the record low, weakest value of the Ringgit against the US Dollar.
WHEN it happens, (notice I am not saying if but when, and that too before August 2023), ask yourself WHAT HAPPENED?
WHY inquire on what happened ? LET'S shoo off the external factors and toil on the core internal reason the Ringgit strengthen from RM4.72 in November, then give up all the gains made (RM4.24 to USD) from December 2022 to Feb 2023 only to tank again at RM4 66 to the US Dollar.
NATO, is what happened to Malaysia's brave reforms, pissing off many a money manager ,who understood that the Madani framework, is what they call Environmental, Social and Governance (ESG investing). READ : ESG funds to touch US$50 trillion by 2025, out pacing conventional funds for the first time in history.
NO ACTION, TALK ONLY (NATO) on the commerce front is okay because Capitalist don't care about anything else other than money believe by enforcement, civil servants and politicians, without understanding what ESG is, hurts Malaysia daily.
HELLO , joes, ESG is about supreme efficiency. Why do you think Artificial Intelligence is being build for efficency plus speed and not as a modern day Santa Clause to make everyone feel good?
SO if you are an immigration officer at KLIA and you F up, it just does not end there with you, as ESG is no believer of 'oh, its an isolated incident, let's all go to KLIA , hold all the good immigration officers hand and sing kumbaya, so that all of us can feel good."
FROM, the ESG point of view, when things may have heated up between the immigration officer and tourist, the Governance system failed, therefore the system is unreliable hence businesses will lose money if they plough money into a system they know is not reliable.
WHY do you think ,Singapore READ : made a big drama about two of its senior ministers and their rental home.
It was to gain the attention of the ESG funds that they can trust the system, built on ruthless efficency, plus a systematic plan of
IN Malaysia, we only know ;
DOES any one of us know what has the AG decided on the first two cases? And on what basis he made the decision? Are we supposed to read other people's mind, and where is the efficency in not letting people know, so that they won't spend time speculating.
IF we do not want ESG, it is our right to reject it, but don't go piss off the money man, be declaring that you want to be part of the ESG world but at every opportunity, you just MOCK IT.
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