S$1 = RM3.13

November 26, 2016

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I am very worried about the recent fall of the ringgit. This morning as I was walking Kee Kee around the plantation. I confided to him my true feelings concerning the matter. I must admit. I do feel much better after dumping on Kee Kee.

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‘During a field lunch with my harvesters. Many seemed happy. As the price of oil palm has shot up like crazy recently – this means they all get a windfall.

Everyone in the kampung is happy like cock these days – as they don’t seem to realize one reason why oil palm prices are so high is due to the ringgit losing ground to the US dollar. Even those who are aware of this link don’t seem to register the dangers of a falling domestic currency – their attitude seems to be, I earn here…I spend here…so how does the fall of the ringgit affect me?

During lunch time of my harvesters – Jun turned to me and asked, ‘why do you look so worried these days master?’

I could only manage a weak smile as I told Jun ‘it’s nothing my leg is giving me problems.’ In truth there is nothing wrong with my leg – I am genuinely worried. As Malaysia is a country that produces absolutely nothing domestically, everything is imported in one shape or form. Even local manufacturers need to buy imported machines and raw material to gainfully produce.

If this keeps up things will go up! And up and up….but what is a father supposed to tell his children when they are all laughing and joyous that the good times are back?

I worry. But I smile…but I worry for my children. I can’t help it.’

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