SINGAPORE — An acute manpower shortage in coffee shops and restaurants in Johor Bahru has been reported in Malaysia as more workers choose to cross the Causeway to Singapore for work, The Malaysian Insight news website reported on Thursday (Aug 31).
have also weighed on the ringgit. China has been Malaysia’s top trading partner, especially in the export of palm oil and palm-based products.
This would mean that Malaysia would not be able to regulate the movement of foreign investment and this will affect the country's “confidence and competitiveness”, Mr Maslan added. Furthermore, this steep increase in interest rates also makes it more expensive for consumers, businesses, and even the government to borrow money for consumption or development, all of which makes pegging the Malaysian ringgit an undesirable option, reported Malaysian newspaper The New Straits Times in August.
Mr Song said that it is hard to say when the ringgit would strengthen. He noted that the currency rose for a while, but it is still difficult to predict whether it will recover completely.... as well as investor confidence in its political stability.” Analysts said that another factor that could point to a slightly more favourable outlook for the ringgit next year is an expectation that the US Federal Reserve will slow down its interest rate hike, having already raised rates by 5.25 percentage points since March 2022 in a bid to curb inflation.
One of them, Mr Muhammad Fariezatul Firaus Ahmedt, wakes up at 4am and rides for two hours on his motorbike to reach his workplace in Singapore at 6am.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer-Why is China's economy slowing down and could it get worse?HONG KONG : China's economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world's second-largest economy is coming closer to a crunch point:WHAT IS CAUSING CHINA’S ECONOMIC S
Read more »
Malaysian man in Singapore lives with just S$10 per day on food & transport“In general, 10++ dollars is more than enough to spend in a normal day,” he wrote at the end of his video. 'Hope this video helps those who (are) planning to work in SG to have a rough idea on SG living cost.”
Read more »
'Keeping up with our annual tradition': ICA congratulates Malaysia on 66th Merdeka Day with 2 cakesOne good turn deserves another. Earlier in August, the Malaysian immigration authorities gifted a cake to the Immigration & Checkpoints Authority (ICA) to celebrate Singapore's 58th National Day. To repay their kindness, the ICA did the same yesterday (Aug 31) to congratulate their Malaysian counterpart with two cakes to celebrate the country's 66th Merdeka Day. In pictures uploaded to the...
Read more »
About 52 per cent of voters have voted in Singapore presidential election as at noon: ELDMore than 1.4m eligible voters have cast their ballots in the first four hours of polling. Read more at straitstimes.com.
Read more »
Voting in Singapore's Presidential Election enters final hourOne of three men - Ng Kok Song, Tharman Shanmugaratnam and Tan Kin Lian - will become the country's ninth President.
Read more »