The world economic recession is hitting Malaysia as well. Our Ringgit is slowly falling and some users claim that our currency has depreciated by 7% this year. Furthermore, the cost of necessities are increasing as most of our items are imported.
Ringgit at new low
Some users suggest that USD is a better currency to save your Ringgit at. However, many disagree with this rhetoric. It seems that many are still continuing to shop and dine out as they normally would still.
Following that, some users claim that SMEs and corporate companies have recorded higher profits this year. Regardless, most of our needs are imported from elsewhere, and the main priority should be us trying to be as self-sustaining as we can be.
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