tag:blogger.com,1999:blog-6297413898275266606.post5560850111284513675..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Illicit Money Flows: Where Are They?hishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6297413898275266606.post-7621070657613214472012-03-03T14:28:31.981+08:002012-03-03T14:28:31.981+08:00Sorry, missed the second link in the last paragrap...Sorry, missed the second link in the last paragraph:<br /><br />http://econsmalaysia.blogspot.com/2010/02/income-age-and-dependencies-malaysias.htmlhishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-63180807575467841982012-03-03T14:25:58.824+08:002012-03-03T14:25:58.824+08:00@Olek
Then how is it that Australia, which relies...@Olek<br /><br /><i>Then how is it that Australia, which relies heavily on the export of commodities, has it's Dollar worth about 1.34 Singapore Dollars?</i><br /><br />You're confusing the relative value with a currency's purchasing value. The value of the exchange rate between two currencies tells you precisely nothing. If the exchange value of a currency is a measure of its hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-51324031218839543022012-03-03T11:53:50.366+08:002012-03-03T11:53:50.366+08:00Sir, you raise an interesting point.
Then how is ...Sir, you raise an interesting point.<br /><br />Then how is it that Australia, which relies heavily on the export of commodities, has it's Dollar worth about 1.34 Singapore Dollars?<br /><br />Surely, it should be the other way around - the Singapore Dollar should be worth more against it's Australian counterpart, given that Australia is a major trading partner of Singapore and the 2 Olek Skilgannonnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-24328870801633389362012-03-01T22:16:56.418+08:002012-03-01T22:16:56.418+08:00"What's stopping Bank Negara from adoptin...<i>"What's stopping Bank Negara from adopting a deliberate policy of appreciating the MYR against the SGD?"</i><br /><br />Common sense. We have a fairly well diversified economy, which doesn't rely too much on trade (growth contribution from trade over the last decade is slightly negative). Singapore on the other hand lives and dies by trade. An exchange rate driven monetary hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-53410444519232258922012-03-01T17:43:14.751+08:002012-03-01T17:43:14.751+08:00That's a bit of an oxymoron, if you ask me.
W...That's a bit of an oxymoron, if you ask me.<br /><br />What's stopping Bank Negara from adopting a deliberate policy of appreciating the MYR against the SGD?<br /><br />How long can Malaysia rely on a "cheap" Ringgit and low-cost labour intensive industries to give a competitive edge to the economy?<br /><br />Why is the government not biting the bullet and pushing through Jasper Bloodstonenoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-46333570988679283692012-03-01T10:00:19.874+08:002012-03-01T10:00:19.874+08:00"...the legions of private bankers and wealth...<i>"...the legions of private bankers and wealth management firms in Singapore..."</i><br /><br />No, not them...think MNCs. These are trade related, not wealth related flows. But yes, a visit from the taxman - on both sides - is warranted.<br /><br />"...most of this could be resolved very simply if the Malaysian Ringgit and the Singapore Dollar were on par..."<br /><br />MAShishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-60597905630258987532012-03-01T07:59:46.068+08:002012-03-01T07:59:46.068+08:00Of course, most of this could be resolved very sim...Of course, most of this could be resolved very simply if the Malaysian Ringgit and the Singapore Dollar were on par, instead of 1 Singapore Dollar fetching 2.40 Malaysian Ringgit at your friendly money changers in Singapore's Raffles Place.<br /><br />What this would do to Malaysia's competitiveness and to the whole pool of labour-intensive SMEs in the country is anybody's guess.Olek Skilgannonnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-30289412413470707722012-03-01T07:55:23.381+08:002012-03-01T07:55:23.381+08:00Why is there a "big capital deficit with Sing...Why is there a "big capital deficit with Singapore"?<br /><br />Is there something that you are not telling us?<br /><br />Or could it be that a lot of Malaysians (individuals and corporates) are parking substantial funds in Singapore?<br /><br />Ah, if only the legions of private bankers and wealth management firms in Singapore were to open their books to scrutiny by the Malaysian tax Olek Skilgannonnoreply@blogger.com