Ini untuk perhatian sahabat saya Tuan Haji.
- Najib unveiled Special Economic Committee (SEC)
- scrutinize .. ringgit's value
- implement immediate measures
- a short-term solution
- "It is short term in nature," he said
- "..current situation related to ringgit
- he emphasized current value of ringgit did not reflect economy
- needed a stronger response
Its a short term solution. This is because the money market is always short term.
They are going to use more money (Bank Negara's FX reserves, Petronas money, other funds etc) to support the Ringgit. This is a futile thing to do.
One person in particular will likely wake up every morning, in the middle of the night to "play" the Ringgit / Dollar, Ringgit / Sterling, Ringgit / Euro markets, etc etc.
The last time this happened it was a disaster of billion Ringgit proportions. Lightning does strike twice. This could be Part 2.
Akhir kalam : It is a crime for public officials and/or officials privy to confidential information to abuse such information for their personal gain, or for the gain of their families, cronies and friends.
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