Kazi Mahmood
UX/UI Designer at - Adobe
Malaysia’s weak Ringgit is attracting tourists, with Bloomberg encouraging travel due to increased spending power. Singaporeans are taking advantage of the strong Singapore dollar against the Ringgit. International travelers are exploring Malaysia, leading to a 15% rise in bookings compared to 2023. The Bloomberg headline says, “Your Dream Malaysia Vacation Just Got Cheaper With Ringgit Near 26-Year Low.”
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Low ringgit perks?
While the Ringgit struggles against the US dollar and hits a record low against the Singapore dollar, Prime Minister Anwar Ibrahim assures active measures to address the decline and safeguard investment figures, emphasizing overall positive economic indicators such as low inflation, decreased unemployment, and sustained growth compared to neighboring countries.
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