[Official Thread] Ringgit Exchange Rate

[jumpmanz]

On my way to arcade. Update later

Sent from my Samsung 4K HDTV in Batam using GAGT

 

[fadefade]

saw at chinatown point 2.91

any better rates??

 

[jumpmanz]

2.92 from half the shops

Sent from my Samsung 4K HDTV in Batam using GAGT

 

[dleodleo]

2.92 from half the shops

Sent from my Samsung 4K HDTV in Batam using GAGT

Thank you.

 

[steven168z]

so 3 coming and then 3.5 coming and then 4....

camp for which one

 

[lodylody]

google now is 2.95

any1 seen from money changer?

most of money changer are using SMA or EMA (try to google it)
that's when there is a sudden drop/raised in online rate (e.g. yahoo, google, xe, etc) their rates not follow immediately
this SMA or EMA method in a way is to optimize their profit margin

 

[Bak_Chor_Mee]

Jurong Point 2.90

 

[chromatin]

2.9108 at bedok central shengsiong

 

[steven168z]

Malaysia's finance ministry to dissolve 1MDB board of advisers


Malaysia's finance ministry said on Wednesday it would dissolve the board of advisers at state fund 1Malaysia Development Berhad (1MDB), following the recommendations of a parliamentary inquiry into the troubled firm.

The Malaysian parliament's Public Accounts Committee (PAC) last month had recommended for the 1MDB advisory board, chaired by Prime Minister Najib Razak, to be abolished, following a probe into alleged graft and mismanagement at the fund.

The finance ministry, which is the sole shareholder of 1MDB, said in a statement it would also remove Article 117 and change all references of "Prime Minister" to "Minister of Finance", in the fund's company articles.

Article 117 requires the prime minister's written approval for all of 1MDB's financial commitments, including investments, and matters such as the appointment of the board of directors.

- See more at: http://business.asiaone.com/news/malaysias-finance-ministry-dissolve-1mdb-board-advisers

 

[geniainsoup]

Paya Lebar 2.915

 

[shorty07]

Suntec 2.92

 

[bornfree]

Arcade 2.924

 

[waolau]

Arcade 2.924

Dbs remit 2.923

 

[bornfree]

Lousy rate at the Arcade, dun bother making a trip there.

 

[AraiBoy]

Lousy rate at the Arcade, dun bother making a trip there.

Where is good rate?

 

[koreanlover]

Dbs remit 2.923

Wow good rate compared to the money changers.

CIMB SG to MY only 2.916

 

[MrJoker]

2.923 in arcade, the rate he/she referred

 

[steven168z]

Will this make Ringgit fall more?

Singapore probing complex transactions involving 'many shell companies' in 1MDB case

SINGAPORE authorities are probing "complex and layered transactions" with "cross border elements" involving many shell companies in their investigations into 1Malaysia Development Berhad (1MDB), according to prosecutors here.

This was revealed by Singapore's chief prosecutor Tan Ken Hwee at the third mention in the state court in the case involving Kelvin Ang Wee Keng, who was charged with corrupt transactions in a massive ongoing probe into 1MDB.

While the submission in court again made no mention of 1MDB, it is widely accepted that the case involves the probe into the money trail of Malaysia's troubled state-backed firm.

"Unravelling, unpacking, and comprehensively analysing all the transactions has taken and will continue to take a significant amount of time," said Mr Tan in his submission for Ang to be further remanded for another week.

Ang, 34, was charged on April 20 for corruptly giving a gratification sum of S$3,000 sometime between 2013 and 2014 to research analyst Lee Chee Waiy to expedite preparation of a favourable valuation report to be issued by his equity research firm.

Ang, who appeared in court via video link, is believed to be employed in the finance sector.

He also dealt extensively for over two years with another accused in the 1MDB case, ex-private banker of BSI Singapore Yeo Jiawei and "some others implicated in improper dealings", according to Mr Tan.

"Progress has been made in the investigations regarding the accused's role in the various matters being scrutinised. There are still, however, some remaining investigations that require a further period of remand," Mr Tan submitted.

"CAD (Commercial Affairs Department) officers have been working on this and related matters round the clock and we expect to finalise the position in relation to this accused within the next six days," he added.

District Judge Christopher Goh granted prosecution's application to further remand Ang.

- See more at: http://business.asiaone.com/news/si...ions-involving-many-shell-companies-1mdb-case

 

[kitkat2]

imho, 1mdb default is more worrying than singapore catching small fish

 

[jtdcjtdc]

2.9214 using DBS Remit just now.