Can the ringgit close the gap on the S’pore dollar?

[superadmin]

PETALING JAYA: The Singapore dollar hit an all-time high against the ringgit two weeks ago, as Malaysia continues to play catch-up with its neighbour across the Causeway in the post-pandemic recovery journey.

While Johor menteri besar Onn Hafiz Ghazi said the weakened ringgit would attract Singaporeans to come to Malaysia and spend, state opposition leader Liew Chin Tong said there was a need for a long-term plan to keep Malaysians home.

Though the ringgit appreciated slightly on Thursday against the Singapore dollar, many might wonder if the currency could ever fully close the gap.

- More -