I Found Why The Malaysian Ringgit Is Going UP So Much Now! | Malaysia BRIC | Ringgit 2024

[@joshconsultancy]

🌟 Specially written by JOSH TAN! 🌟 Invest in your financial success here 1) 28 Days to Financial Freedom ►‌ payhip.com/b/UqpKL 2) HOW TO $1m (Newest Edition) ►‌ payhip.com/b/q5Bln ***** Recommended affiliate links Tiger Brokers JOSH TAN SPECIAL LINK HERE : Deposit & trade to win prizes worth USD 888* + USD 30 Tesla fractional shares! ►‌ joshtan.link/tiger KRIS+ REWARDS with my referral code T599334 💸 and we'll each be rewarded with SGD 5 worth of KrisPay miles upon your first transaction LINK - sqkrisplus.page.link/jKS4qi3Kc11LT2Uj8 **** TO LEARN MORE, 4 SUGGESTIONS FOR YOU ►‌ Follow Josh Tan on Linkedin to read articles and connect professionally lnkd.in/gkfid5nG To see updates and polls, join my TELEGRAM "Josh Tan Investment Official Group" here ►‌ joshtan.link/telegram

[@maymei6742]

Just shown you are just a sheep

[@WSup1234]

Joining brics is not the main reason why Malaysia ringgit appreciate. It’s because strong fundamentals and strong economic growth. Also other factors like US expectation of cutting rate in September and also high foreign investor flocking in Malaysia especially semiconductor and data centre. Also government measure to cut subsidies to reduce budget deficit put Malaysia in an attractive position to be invested

[@Hasanaljadid]

Brics Isn't The reason.Look at Egyptian currency,Ethiopian currency.

[@RealRick0408]

SG is doomed.. eventually it will be 2.8 MYD to 1 SGD. This is wad happened when a “rich country” has weak leadership & BS migration & foreign talent policy.

[@raymondwan-k4w]

tesla quit m'sia,,,withdrawing oil subsidies, world's expectation of recession

[@CattleFarmer667]

@@RealRick0408 MYD as in Myanmar dollar? SG will do well for many decades to come.

[@WSup1234]

@@raymondwan-k4w Tesla only bro and yesterday Amazon announce RM30 billion investment in Malaysia easily replace Tesla. Tesla sales is bad because of Chinese electric car. That’s why they plan not only exit Malaysia but the entire Asia. Also withdrawal of subsides is good for government balance sheet and prevent others to siphon our subsidised oil from foreigner

[@mhadi5220]

Malaysia on the right track.

[@Hush-Just-Relax]

a good leader is all it takes

[@tg988]

It’s correction. MYR is heading towards fair value. Long time ago Mahathir said the fair value was RM3.80. Now economist said the fair value range between RM3.90 - RM4.30 to the USD.

[@joshconsultancy]

Pov noted

[@Hasanaljadid]

4.2 is ok

[@raymondwan-k4w]

2024 in dreams... fair value usa 1= 6.78 ringgit

[@sharxM16]

​@@raymondwan-k4wham ka chan

[@zainabramli2844]

​@@raymondwan-k4w...alahai comments is bodoh dari anda. I think you are not Malaysian...

[@tamilvananvanan7507]

Malaysian Prime Minister on track. His experience is more than your age. Dont, get jealous of his termendous performance .

[@waktempeh8684]

Hahahahaha... we shall see.. on September

[@dirwanedy8919]

@@waktempeh8684 sept PAS becoming gov or what 😅😅😅

[@armanfaed9110]

No doubt his intellect has improved due to massive reading in jail time

[@francissia4660]

​@@dirwanedy8919may be in your dream. So long bn n GPS around do you think so. Ha ha

[@francissia4660]

The speaker does not what happen inside Malaysia. Does he know the in n out of Malaysia political. I tell you Malaysia will become great again in his administrative just watch in these few years. Remenber DAP is inside. Even jpj is enforced n traced spore car who failed to comply or failed to pay summon. Do you know any changes made

[@YLYLMR]

If you like Ringgit Rising please give a like

[@scottn516]

It is because no “sleeping” politician. If u let those old folks continue hold the chairs, I don’t think these will happen to Malaysia.

[@SohaiKia]

it is none of your business, you are not central banker.

[@SamionAmin]

It's true

[@hishamismail7947]

Exactly!

[@zulmie6096]

Now the opposite party of govt is more responsible and profisional not like previous opposite party. They always talk bad in & out country about government. They always try hard make govt name got bad reputation form outside country.

[@Grogag684]

​@@zulmie6096u mean the current UNTA opposition party?????. are you sleeping???

[@Marcustzb]

Malaysia's lost decade is coming to an end

[@CattleFarmer667]

Dunno leh. For us working in SG, Malaysia has always been paradise.

[@jimmatrix7244]

Malaysia lost five decades, not a decade.

[@Marcustzb]

@@jimmatrix7244 I'm calculating it by the RM to USD rate. The RM dropped since late 2014 until Feb of 2024

[@siddd88]

Malaysia lost decade due to political instability. Its officially started when Anwar accused n imprisonment. Twice. Now it's back on track when Anwar is leading this country. We know when we know. But if we don't want to know let's time be the answer.

[@farez1577]

@@Marcustzbyes malaysia gdp per capita has been stagnant around $11,000 since 2014

[@windydragon6522]

Less RM wasted on useless corrupt politicians.

[@schawalmalique2264]

haha...okay, noted

[@artsy9817]

​@@schawalmalique2264theyre talking sense and facts. This country has spectacular potential but because of corruption and egotistical acts, Malaysia is underperforming.

[@ZainiZaudi]

​Zahid and Anwar sudah berkawan lama pandai ia jadi talam Dua muka😅 Akhirnya ikut cara lama juga kenapa ya? 😅 Aku jadi tanda Tanya kenapa, nak jadi PM sanggup buat apa sahaja sekalipon jalan berliku2 nampak Kotor Dan baik pon sedikit je.

[@schawalmalique2264]

@@ZainiZaudi haha ... politik itu kotor, tapi kotor lagi dgn mengunakn islam dan ketuanan melyu tetapi hina raja melayu, tapi aku juga tanda tanya syarikat GLC bole untung skrng yg sblmnya rugi saja apabila walanon ambik alih, adkh ada tangan gahib disebalik? byk n isu tersingkap, apa lagi yg mereka dustakan..

[@NazirulMunir-dy5vz]

@@ZainiZaudi Zaini lah yg jadi PM. hahahaha

[@knoxtan325]

Less “rasuah” will strengthen the Ringgit

[@vister6757]

Stays the same. Nothing change there

[@rollinghippo2940]

it's not that simple

[@fourtry]

Yuppp

[@smartguy1008]

Reduced rasuah is good, but the govt should also focus on bringing in more investment (FDI), and lower the costs of housing.

[@leechaising6131]

The appreciation of the Ringgit like most other currencies is mainly due to the weakening of the USD which appears strong on the surface but is weakening in reality. Prolonged high interest rates can lead to recession in the US which it can ill afford! The decline of the USD in the near and long term is imminent due to dedollarisation which is gaining momentum as central banks are moving away from USD in cross border trade. When all these surplus USD flows back to US shores, you can imagine what will happen? When too much money is virculating/floating in the system can cause inflation or hyperinflation at its worst? Hence, Fed rate cut is only good as temporary measure to boost spending to counter potential recession? M'sia joining BRICS is a good thing. It can expand it's market and trade using local currency - thus saving huge sums of currency conversion fees & charges! Being less dependant on the USD can skirt US sanctions. The high US interest rates had increased the costs and burden of many emerging markets whose sovereign loans are denominated in USD. 😊

[@alijais5226]

❤️💯 DSDAI adalah PERDANA MENTERI MALAYSIA Terbaik sepanjang zaman InsyaAllah Aaminn

[@maznahahmad2196]

Aamiin...🤲🤲🤲🤲🤲🤲🤲🤲😊

[@ahmadbinfadzil8258]

Agreed.

[@nsaffini1975]

Hear hear 😊

[@kamalabrahman6925]

We have very hardworking PMX, and good ministers from Unity Governments (motivated by our PMX). Even our public servants and businessmen are working hard to make our country efficient and prospers.

[@eddieyong4531]

😅😂🤣😅😂🤣😅😂🤣

[@SharifahSaadiahBintiSyedAbdRah]

I agree with your point of view❤

[@hafizhassan9786]

@@eddieyong4531kiasu so much Singaporan

[@AairaEril]

As a Malaysian with stage 4 walauntit syndrome, I find your comment very hurtful.

[@incisor78]

Lmao 🤡

[@tanjem]

Malaysian knows how to grow economy ..Investor are not blind... They are smart ..

[@Noor881291]

I’m just wondering, just like in this video many proves showing good news in Malaysia’s economy. But I see many Malaysians seem so negative about Malaysia’s future. Can’t we have a little faith guys.

[@parrotbrand2782]

Because this is only temporary. Many people know Malaysia's growth may just be for now before it gets overtaken by neighboring countries. The fundamental issues aren't resolved which are racism, extremism and corruption. Countries with these issues will not progress far. So those people you know are wise.😮

[@cheros8949]

grass always greener..

[@nirfan2020]

Reformati...hari ini menang...esok minyak diesel NAIK RM3.35/ liter...saya ulanggggggggggggggg...hahaha🤣🤣...kencing kuat...🤣🤣

[@hushinaidi]

​​@@nirfan2020yg taip ni lagiiiii kencing kuat

[@SamionAmin]

​@@nirfan2020 I will support Malaysia economy to be more aggressive .

[@xiaomashitu]

Malaysia go go go 🎉

[@hazmanriess8949]

Yes Ringgit should to be 2.50 Ringgit = 1 SGD and 3.50 Ringgit = 1 USD

[@raymondwan-k4w]

in dreams

[@FrankiePo89]

​@@raymondwan-k4w Why do you think so? Shouldn't Malaysia aim for it?

[@joshconsultancy]

That’s a far distance

[@luqman1983]

Better to appreciate gradually

[@hafizhassan9786]

@@raymondwan-k4ware you an Indonesian or a Singaporean.? Seems kiasu so much

[@zaidiripin9408]

I think one has to check the fundamentals. First, electronics second, oil n gas third, commodities. Lastly the domestic demand. If these 4 aligned.... you'll have a burning all cylinders firing engine. If you visit Penang today (august 24)....all rooms are fully booked. Meaning, trade is at all-time high

[@SohaiKia]

it is none of your business, you are not central banker.

[@liamporter1137]

Anwar is a great leader. Sad that he was not the PM much earlier. He has been making many good moves. Malaysia will be progressing when Anwar is leading Malaysia.

[@eddieyong4531]

😅😂🤣😅😂🤣

[@AnnaCraze]

True

[@leealex24]

Malaysia is expected to get upgrade in sovereign rating together with strong economy and US cut interest rate, base case is US$1 to RM4, is reasonable.

[@guna624]

@@leealex24 this is due to many US and Israhell company fell bankrupt due to war with Palestine and i heard due to BRICS as well.

[@Ken-o7g]

Egypt is not Malaysia. Malaysia's case is more about fundamentals. Malaysia will become among the top 3 electronics and semiconductors manufacturers by 2030, which is sorely needed even by All the BRICS nations. Let's not forget the benefits the BRICS countries benefits from Malaysia's control of the Straits of Malacca. Egypt doesn't have any positives including trade benefits from joining BRICS. Your analysis might not be so accurate.

[@joshconsultancy]

Egypt portion is to highlight BRIC joining its not a silver bullet for economic growth.

[@zaim9876]

Few locations in this world which would booming in term of trade war. Which the trade route 1- malacca straits( malaysia control/singapore/thai ) 2-suez canal (egypt/palestine/israel) 3.panama canal (panama) 4.baltic sea( several european) 5. Strait of gibraltar (spain/morocco) 6. Bosphorus straits (turkiye) This the main factor in term long term investment and strong geopolitical moves with strategic investment

[@Aperekahaziq]

​@@joshconsultancy you forgot to factor in wars and neighboring wars. Thats why Egypt hve trouble exporting

[@nkve]

Just give PMX another term and everything will be shining again like those years in the 90s…

[@alanlim7068]

Last time everytime i heard they not feel proud their currency so low, now higher already so they must be feel proud of their country

[@CattleFarmer667]

Those people who feel shame about low Ringgit are opposition parti. Next week opposition will tell you strong ringgit bad for export

[@SohaiKia]

it is none of your business, you are not central banker.

[@alanlim7068]

@@SohaiKia wah angry. cannot coment meh?

[@alanlim7068]

@@SohaiKia You think you own whole youtube ah

[@junweiliow8899]

Msian here. Not sure how to feel proud about MYR currency. When I was little, it was 1 SGD = MYR 1.50, now = RM3.35. How to feel happy? Lol

[@SANN-1969]

After joining Brics more projects less interest rate to US dollars

[@vister6757]

Appreciation is owing to Bank Negara force local companies to bring back foreign fund back to Malaysia, cutting subsidies, some FDI, joining of BRICS, and USD weakening a little. However, I'm not sure how long this strength will sustain. If politicians continue to be short sighted and fighting continue for their own pockets then this may not last. The EPF withdrawal is very worrying.

[@joshconsultancy]

Agree with you

[@Junmaisi]

Pm are on good track, joining BRICS are good for long term economic

[@bopiteoh7650]

The analytical view is commendable, thorough and comprehensive. Thumbs up. Remember to respect freedom of expression but beware of the saying that "economists worldwide are wrong in their views most of the time" regarding matters about the economy. Beware!!! There are complexities beyond our comprehension and expectation -- miracles do happen and exist.

[@joshconsultancy]

Thank you for the high praise. It took a long while to research. Yes agree, it can be complex

[@kramuse]

You forgot to mention Malaysia's focus on chip manufacturing with the government enacting policies to lure big companies to setup base here. This too has contributed to the positive economic growth.

[@jaybondd9963]

The sudden rise of the RM (Ringgit Malaysia) is due to several factors: - The "forward contract" strategy in the forex market - Better-than-expected GDP for Q2, 2024 - Inflow of investments into Malaysia - GLCs (Government-Linked Companies) are instructed to repatriate foreign currencies into the country - Weak economic indicators in the United States Some say that attributing the strengthening of the RM solely to the weakness of the US economy is not entirely accurate, as the RM has also risen against the SGD (Singapore Dollar), Euro, IDR (Indonesian Rupiah), THB (Thai Baht), and GBP (British Pound).

[@joshconsultancy]

Agreed and covered in this video disucssion

[@nirfan2020]

MYR hype increase does not reflect the reality of high prices peasants have to pay currently...the fact that local SST rice also was never to be found on shelves since June 2023...👎

[@jaybondd9963]

@@nirfan2020 What items have increased in price? and what type of rice have you not found on the shelves?

[@brandenburg2388]

Ringgit will strengthen to RM 3.70 - 3.90 range per USD according to a number of financial experts that I have spoken to.

[@AairaEril]

Your mum never been the economistvexpert dude.. She expert in yapping

[@stevenliew2507]

That is too optimistic as the hedge funds and currency manipulators are started their PUMP & DUMP actions. Singaporeans who wants to make real money better to buy properties in Kuala Lumpur, Johor Bahru and Penang Now as their SGD is still strong and not 12 months later.😂😂

[@janusmun6545]

Depends on how low US going to cut it's interest rate from this Sept onwards....

[@rollinghippo2940]

that won't happen. usa are not npc, they can take actions too

[@leealex24]

Malaysia is expected to get upgrade in sovereign rating together with strong economy and US cut interest rate, base case is US$1 to RM4, is reasonable.

[@jonloi3794]

Malaysia has tons of natural resources, oil/gas, tin, wood, both high-tech and foundational basic industries, educated work force. How does its currency lose out to neighboring Singapore? Easy answer: Its politicians have been raping the country since forever. Imagine a country being raped and stripped of its wealth consistently and it can still hold up its economy, can you imagine the amount of resources the country has? Indonesia and Thailand has more landmass and population, but how much of its landmass is rich in resources and how much of its population is skilled and/or productive? Think about it. Msia would be a first world power like Korea if every politician lined their pockets less. I'm sure SG politicians do the same, but much less, more goes to the country development

[@titusphilip1310441]

end of 2024: 1usd : 3.80 myr/ 1 sgd : 2.5 myr

[@joshconsultancy]

Wow that’s far

[@hazelnuts23]

It used to be like this before Covid. And before changing govt

[@shukriramlee]

Ideal, 1.95 for sgd and 2.95 for usd.

[@arifyoung4624]

​@@hazelnuts23USD MYR 4+ have been since for 10 years 2014 atleast

[@richardliu7499]

It should be US$1.00=MYR2.50

[@Hasanaljadid]

3.5 is ok

[@aremean9129]

Best still 1 USD = 1 RM. 😂.

[@rrajan5476]

Exports would take a hit

[@FrankiePo89]

​@@rrajan5476 Sell to the rest of the world. Uass is only a small part and they pay with printed dollars out of thin air.

[@eddieyong4531]

Better still, make it US$1 = RM0.50!

[@johnng5315]

I like the video that Josh is talking about the economy fundamental, very insightful, I had learned something. Thx

[@joshconsultancy]

Thank you for the high praise. It took some effort to digest the economic fundamentals on currency to do this sharing

[@stardust2045]

Our fate tie with China and India. As it always is. Thats why we are joining BRIC. The whole civilisation in ASEAN has always been about getting rich from the trade between India and China. We are returning back to the norm in the past

[@raymondwan-k4w]

spore n china did not join

[@Multiverse678]

​@@raymondwan-k4wThe C in brics stands for China

[@jorel6780]

C in BRICKS stands for cinapura/Chinapore as well 😂

[@raymondwan-k4w]

@@jorel6780 usa sg , russia not member of bric...why ????

[@trigashrrr7175]

​@@raymondwan-k4wwhat the hell ure talking abt. Maybe u should Google and study what brics is. At the very least what each letter stands for.

[@SayNoToIdiots]

Currencies trend long term generally so MYR should strengthen to 3.80

[@sapaiyo9810]

First of all, the economic structure of Malaysia and Egypt are entirely. The Malaysia ringgit will gradually be stable and not slide as more and more big high tech global firms from the US, Europe and China are flocking to Malaysia.

[@eddieyong4531]

😅😂🤣😅😂🤣😅😂🤣

[@Ismail-mh1qj]

Malaysia Ringgit rose because of Anwar Bin Ibrahim is a brilliant economic planner. His anti corrupt practices including finding Syed Saddiq guilty of corruption, stealing millions of ringgit from a Muslim Trust has made economic improve.

[@wanzahidin]

Thanks for the analyses.

[@gservices8888]

Malaysia ringgit ratio to singapore dollar is actually 1: 1. But something wrong with the govt. System in the history.......

[@himinghii1597]

Can get slightly below 4 would be a great achievement !

[@kfnoor8953]

We have a workaholic PM

[@nikhwalee4252]

Upon closing on 23rd August 2024, 1USD = SGD 1.3004 1 USD = RM4.372

[@MrBenAustralia]

Question: WHAT & WHO determine the high value of the US$?

[@rollinghippo2940]

​@@MrBenAustralia usa manipulate itself

[@cstan7373]

Malaysia bo le h

[@chengong748]

Well done to our PM Annuar!

[@lengzai-ne6br]

1 to 3 is not enough, We must put the target more higher, u should need to know what is our ringgit value at the beginning in the past

[@johnliang7587]

I think the main reason is the US Fed's potentyial cut of the US Dollar Fed Funds Rate that is causing the RM Malaysia to appreciate because of the un winding of the Carry Trade of borrowing RM Malaysia and invest in USD. Now the Carry Traders are selling Dollar because of lower and buy RM Malaysia to pay the RM Malaysia Loan.

[@joshconsultancy]

Yes mentioned as one of the key reasons for the recovery sentiment

[@extraincomesuz]

Mr.Tan, thank you for this video. It's great to educate the public about these issues. I'm a retired US stock broker who still trades in my own US portfolio but I also trade in Bursa. The US Feds will cut rates in the last quarter of 2024 which would help the Ringgit. There was talk of Intel bringing manufacturing to Malaysia which would have formed a strong partnership for chip manufacturing and AI in Malaysia, strengthening the Ringgit but I doubt Intel would want to negotiate with a country looking to join BRICS. I hope BRICS doesn't happen since I live in Malaysia full time. I would love to see Malaysia prosper. Malaysia banks seem aligned to Chinese banks, which do not have a great track record of protecting customers or helping citizens grow wealth. If people can grow investments, savings, the entire country would prosper because people have more money to spend. Economics 101. Malaysia seems bent on providing more debt services instead of encouraging people to grow wealth or teaching about investients. But, it does not seem like politicians win elections based on their economic knowledge. 😜Great video!

[@joshconsultancy]

Thank you for the high praise. Good sharing tlo

[@samgulao]

I guess recently alot of sporeans went JB buy up the properties there hence strengthen the Ringgit.....

[@joshconsultancy]

Haha maybe

[@anokhamalaysia5117]

Because Singapore’s businesses are relocating to Malaysia, Malaysia Singapore economic zone in Johore. That’s a master stroke from pmx.

[@nickme7047]

Idea of Rafizi Ramli...

[@rollinghippo2940]

that's not a right reason

[@Carlito465]

R u johorean ? 😂

[@arifyoung4624]

Wilayah Iskandar is a real thing god bless the ruler

[@HjCdj]

Keep the high reputation on.. congrats! For Malaysians.

[@richardho8283]

I disagree because there is third party interference.

[@Northmenn]

Agree with the guy in this video, Malaysia should develop a strategy to strengthen its currency the ringgit while still maintaining successful exports and imports. Relying solely on a weak currency to boost exports is not a sustainable approach, as it can have negative effects like increased import costs and inflation. Instead, the country should look for ways to enhance its economic fundamentals, such as improving productivity, diversifying its economy, or adding value to its products, so that it can support a stronger ringgit without harming trade. The goal is to achieve a balance where both a strong currency and successful international trade can coexist.

[@joshconsultancy]

Thank you and well said 👍

[@thomastan7511]

Well done, Anwar.

[@ukbulldog2024]

Economic books provide the reasons for currency exchange values. Bank of Japan (BOJ) is the master in currency manipulation and also the Chinese Yuan have learnt the government interventions. MYR value is a relative point with USD Interest rates and exports. At the moment MY Macro Management in Public Debt, exports, Inward Investments and many more is encouraging and more to do. Productivity in MY is very low. MYR can strengthen a little more but MY still needs a cheap currency for export trade. Dr M value of MYR is probably correct for the moment.

[@joshconsultancy]

Interesting pov

[@disneytakeshugedix7463]

Malaysia 🇲🇾 economy is not actually growing ! Malaysia 🇲🇾 is using high inflation in its country to mask 😷 the weak growth ! Sigh 😮‍💨

[@colombard140]

❤❤❤❤ According to the IMF, Malaysia's Purchasing Power Parity GDP is USD $1.307 Trillion and this makes Malaysia the 30th richest country in the world. The Purchasing Power Parity GDP or PPPGDP is a much better indicator of a country's economy than the crude Nominal GDP as what you can buy locally with a given amount of local money is far more relevant than what you can get with the same amount in foreign currency in a distant foreign land. There is a great discrepancy between the PPPGDP and the nominal GDP in Malaysia and this SUGGESTS THAT THE MALAYSIAN RINGGIT IS GROSSLY UNDERVALUED. Everything is dirt cheap in Malaysia ! 😂😂😂

[@nirfan2020]

Then why increase the diesel to RM3.35/liter? Saya ulanggggggggggggggggggggggggg....🤣🤣

[@noorhananmohdnuruddin947]

​@@nirfan2020 to reduce govt subsidiary spending to unnecessary commodity.govt can save up to 10 billion ringgit on this and its better this subsidy be put on more improving infrastructure...such as health and education.

[@rollinghippo2940]

​@noorhananmohdnuruddin947 both are right. cutting back subsidies have its cons, not cutting subsidies also not good

[@freearch2251]

@@nirfan2020 When an idiot trying to comment on subjects beyond his depth...

[@megroslmegr7504]

​@@nirfan2020 Still dirt cheap compare to my country

[@iqshitdhawan4882]

Additionally, very important point that BRICS will launch their own currency called R5 in the sumit happening in October month this year. Russia is very much interested and eagerly pushing to get R5 launched as soon as possible. therefore once launched US dollar will depreciate as the oil trade will start happening in R5 currency since Saudi Russia are part of BRICS+.

[@faisalmaqsood987]

Bric one of the reasons, investment in Sabah, Penang and Johor @ Taiwan ..we should do some research on this sure we will get the biggest reason of RM appreciation,

[@saohmarong2240]

The ringgit rise makes Mahathir uneasy over Anwar Ibrahim.His heart pain if Anwar suscced in implementing the malaysia economy to a more greater level and Anwar was seen as a saviour of the nation not a destroyer or a bankcruptor.

[@tc691kiing9]

At the north , China. At the south , Indonesia. Both consumes and supplies what the world is needed. Cheap energy, water, cheap labour and skilled workers.. nothing much to complain about. Most Malaysian doesn’t care GDP, but where is Another paradise place yet to discover.

[@shiro_naj0307]

Unpopular opinion, i think boycotting certain companies also contributed to the currency to some degree, when people switched to local establishments like Zuscoffee, Baskbear and Marrybrown, we keep the money rolling inside the country while also supporting local businesses ive long quit mcdonalds and chose bask bear and man, they definitely have better fries and sandwiches

[@davidnhc]

The recent appreciation of the ringgit can be attributed to short-term external factors. Malaysia's potential decision to join BRICS is unlikely to significantly improve its economic prospects, as the current BRICS members-comprising mostly developing or economically struggling nations-have not shown substantial economic advancement through the alliance alone. In fact, aligning with BRICS could potentially exacerbate Malaysia's economic challenges. The ongoing geopolitical tensions between the two global superpowers, the United States and China, could place Malaysia in a difficult position, as the country may find itself caught between competing interests. This could lead to economic instability, trade disruptions, or diplomatic pressures that negatively impact Malaysia’s long-term growth trajectory. Additionally, BRICS membership may not offer the same level of trade, investment, or technological benefits that Malaysia could achieve through stronger ties with more developed economies.

[@FrankiePo89]

Developed economies are hanging by the thread. When it itself is in the deep, how are they going to help Malaysia. The latter is better off going with the rising economies.

[@lengzai-ne6br]

The sun would rises and sets, so now is our time and turn the devolping country rising up

[@BWong1234]

The west is already in stagnation. Before it sets in there is miserable benefits from it. More coercion from it to comply with their expansive condition before stagnation. Look at US debts, dedollarization, DE deindustrialization. UK is already in recession. BRICS+ offers better prosperity prospect in long term, if not short term.

[@lengzai-ne6br]

@@BWong1234 yes,rite

[@aya976]

strong/correct fundamentals...The Madani Ekonomi works...No more long term shopping haven for Singaporean in Malaysia...haha...

[@mohammadkhairulanwarhussai9976]

USD losing it attractiveness and once US$ np longer used in petroleum trade as Middle-eastern now realized that banking on USD is no point. Malaysia revised growth rate also convincing and US-China rivalry will shift towards the East Asian economy Ringgit will appreciate further close to it's more reasonable value.

[@miketan4803]

Savings from removing subsidies should either be used to eliminate hard core poverty, or invest in the future (i.e. result in profits) and not 'buy votes' / further bloat the civil service which is a cost center and over staffed for most parts, if compared to many other countries. Otherwise we risk stoking inflation for little to no benefit. More money supply without corresponding increase in real value / productivity gains just means higher inflation for everyone & foreign investors leaving M'sia.

[@leealex24]

Malaysia is expected to get upgrade in sovereign rating together witj strong economy and US cut interest rate, base case is US$1 to RM4, is reasonable.

[@user-yb4sz1te7r]

Well! Ringgit have being falling since Mahathir became Prime Minister from 1981 - RM1.03 to present 2024- RM3.40 against Sing dollar. Mismanagement of the economy and government institutions.cronyism, corruption and incompetence greedy politicians of Mahathir era and his subsequent incapable and scandalous successors lead to further sliding of the Ringgit over the years. Let’s hope the era of Malaysia’s lost decades is over from now. PM Anwar must strengthen the economy further and implement massive reforms for long term of our country. Years of wastage and corruption are difficult to overcome as it has become deep rooted. However, Anwar must persevere for the sake of our country which we all love, 🇲🇾.

[@nirfan2020]

Dr. Mahathir was not charged and jailed by any courts in Malaysia for corruption and sodomy twice - come on mate...how much per comment? 3 cents? 🤣

[@user-tw7sg4gh7f]

With the strong Ringgit, eventually will affect cost of production and make the exports less competitive. So 3rd and 4th quarter earnings affected. Appreciated too suddenly.

[@miketan4803]

Of the 3 biggest brics country - 1 is at war (and seemingly not doing well within it's own borders), 2 have bad economic problems (both under various forms of western sanctions), 1 is looking to build up it's own economy to take over mantel of the worlds factory - hardly motivation to invest in any other country than it's own ... So joining brics will only endanger investment from non brics country. Know any of these who had previously announced investment in this region before our brics announcement?

[@MiryardWahab-rr9et]

Get rid of unnecessary labour force the sooner the better. That would help further gain on Malaysia Ringgit.

[@ptaeiy-n2h]

1) Brics? - far-fetched not substantiated. 2) US Feds cuts affects ALL other currencies as well, not just RM. 3) GDP is the best explanation. Strong KLSE and RM are intertwined with the GDP. 4) Exports and high oil price.

[@colinfoong7650]

Egypt has a huge IMF debts!

[@joshconsultancy]

Using as example of brics doesn’t mean prosperity

[@jackreacher8858]

@@joshconsultancy JOKING RIGHT !

[@dantofl8811]

@@joshconsultancyhaha… definitely. In fact I think joining BRICS is a big mistake

[@ezwansafri8006]

Using Egypt as an example is incoherent. Dynamics not the same.

[@waynethorpe1341]

​@ezwansafri8006 well put. The World wants to see Malaysia's true place In the world p.

[@Awesome68ful]

Thanks for the update

[@joshconsultancy]

No problem 👍

[@ghrbaa6727]

Average MYR/USD was 3.27 in 2014.

[@joshconsultancy]

To recover back to there is unlikely?

[@apuspeak8764]

ringgit rising and yet the wage suffers for those with high education and skills, brain drain is still be a continuing trend.

[@eugeneteo9664]

so long the malaysian politician do not chew up too much ringgit .

[@elonipaul]

Election 2024 priming. Lack of USD to wash in SG. Less money laundering less value for dollar.

[@endersteve27]

I hope the currency of malaysia is 1 Singapore dollar is Rm 3.30 and permanent lock in the same currency strength for the long run

[@wai-sunchia6190]

Egypt's currency and inflation issue predates BRICS. So you can't compare.

[@mrreed-gf4go]

Malaysia need to battling corruption first.. chase and send back illegal immigrants who's stole ringgit value, cut leaking oil subsidiaries , cut BRIM "adjust" the price of cheap tourist food and service.. we need to be more "hard"..

[@laminpapan2650]

Its BRICS not BRIC!

[@nurxxc]

exclude those without front tooth...Bric pun bric la...

[@zarinahamzah4158]

Yup BRICS= Brazil, Russia, India, China, South Africa.

[@WanIsmailIsmail-r1t]

BRICS no IMF no World Bank

[@asrie1234]

*Nak lagi naik Ringgit Malaysia potong subsidies Petrol lagi separuh, tangkap lagi pengamal2 rasuah sana sini bekas2 Menteri X Ketua Menteri belas2 exco yang rasuah, buat GST 3% lagi baik lah Msia lagi baik Economy Msia 🇲🇾💖❤️‍🩹💙♥️❤️🧡💝😍🤩❤️♥️💙❤️‍🩹💖🇲🇾*

[@Iqbal92-fw6od]

Stju

[@strongstrengthtv]

If fair value is 3.25, the checkpoint counter will sell the ringgit at 3.2 (minus 0.05).. you will not enjoy the 3.25 rate.. I tell that to everyone..

[@jessicachia8656]

RM 1.00 = SING$ 1.00 ( COMING SOON ) AS MALAYSIA ARE GOING ON RIGHT FAST TRACK GROWTH WHEN THERE ARE NO MORE WEALTH STOLEN....BUT ARE ACCUMALATING WEATH IN A FAST WAY BY HAVING MORE & MORE INVESTOR COMING INTO INVEST....SO GET READY FOR IT.....🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

[@wankaychew7608]

One important point been left out is the much higher FDIs that’s flowing in and this will need more demand of ringgit conversion.

[@joshconsultancy]

Point 3 under investments. But it may not be a big net factor

[@fukunaga-kane]

I understand you're using Egypt as an example to highlight BRICS' flaws, but to be fair, Egypt's economy hasn’t been strong for a long time. They've faced high inflation three times, which signals either a loss of confidence in the currency or poor economic management.

[@joshconsultancy]

Point is BRIC joining is not a silver bullet to economic growth and currency strength

[@jaguarl3319]

Those who said Anwar tak boleh, please reclarify yourself. Malaysia Boleh!

[@Grogag684]

Ringgit will be at the same value with USD if Chokup Jumloh be the PM

[@ktan6738]

1. Sarawak gold findings worth 2 trillions ringgit. Enough to clear myr debts as long taib n mahatirs alike not going to keep them

[@AbuSyuhada257]

Great..! informative content.

[@michaelg.3790]

Do not underestimate the importance of racial equality and religious harmony.

[@joshconsultancy]

agree

[@papa-dt1cv]

The highest Singapore dollar to Malaysian ringgits rate was on February 23, 2024 when 1 Singapore dollar was worth 3.5574 Malaysian ringgit.

[@Hasanaljadid]

It was as low as 3.57 ringgit

[@raymondwan-k4w]

I made lots of money buying ringgit selling sgd

[@az-fy3mp]

easy reason why. because malaysia not on money printing economy. budget is balanced, unlike the US with their 125% gomen debt, malaysia seems heading lower towards 60% public debt from previously 68% just a few years ago. and malaysia must get rid of those politicians like najib and moyedin who likes to print money just to add more numbers to gdp. we must get rid of those politicians going forward. no s2pid politicians controlling malaysia monetary policies, that is the simple recipe.

[@auntiedrummer]

BNM will also reduce interest rates in tandem

[@magicnier211]

I predict strengthening to 3.6 usd, it should be 3 usd but after covid reckless borrowing and spending we have to settle for 3.6

[@joshconsultancy]

wow thats a steep gain more

[@Worldinpeaceforall]

Brick will have problem too. Who want to be the leader.

[@Angah_angah]

Malaysia perlu meluaskan lagi laluan keluar masuk barang dagangan supaya setabil ekonomi dan dapat meningkatkan keuntungan semua dagangan dan sekali gus mengukuhkan ringgit dan menaikkan ringgit ke satu sen bersamaan 1$ perlahan lahan menaik dan makin naik dari ringgit 3 1$ kepada 1sen 1$ im hope like that kerana arab saudi 1ringgit7riyald saudi ni bermakna tak sampai 1riyald pon duit arab saudi dengan dolar

[@SilatulRahim]

So we can put to rest that ringgit appreciated not because of pm anuar and his govt policies but from other factors Anuar is claming credit for this but go into hiding when ringgit dropped tremendously Trademark of a coward

[@joshconsultancy]

Ringgit rise is multi faceted. Any good gov policies that can improve industries competitiveness is still needed to sustain strength

[@DAMIENloh1970]

Almost everyone I heard talking about brics pronounce it as "bricks:...you are the first person I heard actually call out all the alphabets😄