JOHOR BAHRU – Many Malaysians working in Singapore are planning holidays and home renovations as the Singapore dollar surged to a new high against the...
Several money changers in Johor Bahru said they were well-stocked with the ringgit to cater to the expected higher demand.Mr Jason Wong, 27, said he felt that his decision to cross the border daily to work in Singapore was the right one as he now has more cash in hand due to the strong currency exchange rate of S$1 to RM3.50.
“I start my commute at around 6am and reach home after 8pm every day. It is tiring but the exchange rate makes it worthwhile. I can give more money to my elderly parents now that I have extra disposable income,” he told The Star.Luxury condos used as base for scam calls, says Malaysian policeMr Ardy Zainuddin, 33, who works as a purchasing executive in Singapore, was happy to have extra money to renovate his new home here.
However, he hopes that the Malaysian government would come up with policies to strengthen the ringgit. “My relatives living in Johor and Melaka have been complaining that it is costly to eat out or even cook at home. They are also hesitant to travel overseas because of the weak ringgit,” he added.
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