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Ringgit drop not good for Singapore, says Shanmugam

He also cites rising influence of religion in Malaysia and growing US-China-Japan rivalry as S'pore's concerns

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Mr Shanmugam said the Republic will come under pressure from 3 economic powers to take sides.

Singapore

THE sharp drop in the Malaysian ringgit may be good news for Singaporean shoppers but not for Singapore, Law and Foreign Minister K Shanmugam said on Thursday.

While the weakened Malaysian currency is a boon to those going on shopping trips across the Causeway, it will