Every time we receive an inflow of money, we get excited. We daydream about the things we would like to buy, the holidays we would like to take and work out mental shopping lists.
While it’s easy to spend them or to indulge in a vacation, we’ve got a list of sure-fire ways to ensure your savings grow in the right avenue at the right time no matter what the economic forecast and sentiment of recent years.
The Ringgit has been facing some tough times lately, at it's worst, the exchange rate plunged to 4.48 per US dollar, a level unseen since the Asian financial crisis in 1998. Why? Due to uncertainty in the market, investors start to back out from emerging markets, as more of the Ringgit leaves our country, the weaker our currency will be.
According to median estimates of analysts surveyed at Bloomberg, the Ringgit may weaken further to 4.52 in the second quarter before stabilising in 4.47 in 2018.
While Malaysia’s economy is seen growing at 4.5 per cent in 2017 on strong private consumption, the economy will continue to suffer from weak commodity prices and slowing private investment, the International Monetary Fund (IMF) reported.