IMPACT OF MORE MALAYSIAN WORKERS The recruitment agencies told CNA they did not foresee employers in Singapore hiring more Malaysians over locals. More applications just means there are now “more choices” of candidates to shortlist, said Mr Ng from Cultivar Staffing & Search. Economists also pointed to Singapore’s dependency ratio ceiling (DRC), which refers to … Read more
PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) has come out in support of Bank Negara’s call to support its initiatives to manage the short term pressure on the ringgit. “This includes cooperation from corporate bodies and investors to ensure more inflows into the foreign exchange markets. “FMM has urged members to heed the call … Read more
KUALA LUMPUR: The government urges all parties to work together and take a whole-of-nation approach to strengthen the value of the ringgit, says the Finance Ministry. It said on the Parliament website on Monday (March 18) that all Malaysians are encouraged to adopt a “Malaysia First” attitude in their daily lives. “This includes buying domestic … Read more
KUALA LUMPUR: Malaysia’s central bank said on Saturday (Mar 16) that Google had misquoted the ringgit’s exchange rate, undervaluing the currency against the US dollar, and that it would seek an explanation from the tech giant. The ringgit, which declined to a 26-year low last month, has weakened about 2.44 per cent this year. Bank Negara … Read more
KUALA LUMPUR: Malaysia’s ringgit hit its lowest level since the Asian financial crisis on Tuesday (Feb 20), as emerging Asian currencies suffered against the dollar. In trade on Tuesday, the Malaysian ringgit fell nearly 0.3 per cent to almost 4.8 against the greenback, its worst reading since January 1998 during the Asian financial meltdown. The currency … Read more
