Posted by Humpreyliew > 2015-08-04 11:19 | Report Abuse

Government purposely devalue RM. With weak RM, revenue from crude oil and palm oil will increase by whopping 25%!

Posted by apanama > 2015-08-04 11:35 | Report Abuse

Actually devaluation of currency is not being done by Malaysia only. Most of exporting countries. It had been started by Brazil. Followed by Japan. It was happened since 2011. Quite rampantly nowadays. :)

Posted by Humpreyliew > 2015-08-04 11:56 | Report Abuse

Weak RM discourage importation of daily goods. Government encourage consumption of local daily goods. Actually help many local goods producers. There are more benefit than negative in weaker currency for exporting country. Only Singapore feeling the heat as it's economy already in technical recession due to artificially strong currency.