You are here

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

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


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to