Higher foreign exchange rate attracts Malaysian workers to Singapore - The Independent News

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The Malaysian currency, the Ringgit, is now the subject of memes and jokes on Twitter and Facebook. Since the re-opening of Malaysia-Singapore borders, the Ringgit rate has dropped. The Ringgit was trading at RM3.16 to the Singapore dollar yesterday.

Nevertheless, in Johor, the reopening has caused a serious shortage of workforce in several areas of the economy.

The majority of hotels employ an average of 50% of their workers. Some people are unable to execute banquets and other gatherings at full capacity because to a lack of resources.

 

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