Dasar Tambatan Ringgit

DC,

i have read the Chedet.com blog, TDM argue the gov action to lift the currency peg introduced by him. I agreed with Tun bcoz by lifting the currency per to the USD dollar to the new system and keep it afloat at the manageable floating is actually not helping the consumer really at the end user.

the latest currency exchange for the RM is
USD 1 = RM 3.30 compare the pegging at USD 1 = RM 3.80

the gov said the action to float the RM will help to increase the buying power among Malaysian, i heard many Malaysia who like to travel abroad, has relative oversea, sending teir children to study at oversea welcomed the gov action when this implemented somewhere in 2003. my family also welcomed this bcoz we seldomly travel abroad and so we dont understand what is going around but the media keep saying the increase in buying power so noone think the other effect so we percaya bulat-bulat at that time.

let me take the reader into more deeper. a student want to further study locally, apllying for loan from the PTPTN, buying new stuff to brand new semester, renting house in the large city, ride motorcycle Modenas, feuling Petronas Primax3 and many more to mention here, so where is the increase buying power take effect on the student.

He don't have any money, he spending his loan, when his loan dried up he seeking assistance from the family, so if the family no money so supposely he gone for 'Along'.

the other situation a medium class family whose the father working as civil servants and the mother is future educated housewife, every weekend the father will take the whole family 'balik kampung' visit the relative, eat lemang, buy rambutan, buy pulut panggang and the other side the mother will do the grocery everyday buying the fish, vegie and maybe cendol depan masjid for her kid, so where are their buying power measured....??

now you can see at the larger view, and more global...we look into the Airasia plan to add more plane to their current fleet, they are buying the A 320 cost RM 300m each, the plane are all assemble at Toulonse, France. No Malaysia worker, no Malaysia vendor, no Malaysia at all.

i gladly to view the proposal to 'perkasakan' our army with the new Sukhoi SU-30MKM cost RM 1.5 b each, the avianic maybe from Malaysia bcoz the actual spec is fiited with the avionic from the Israeli due the diplomatic relation is not exist at all between the two country (Malaysia and Israel) so we try to make the avionic locally, and i might wonder wether we developed it or we just acquire from the supllier locally registered and operate from outside from Malaysia.

The Rapid KL also acquire new bus fleet for the brand new company which benefited from the gov action to sync all public transport in Malaysia. The new bus fleet are bought from outside Malaysia but assemble locally by CKD 'completely knock down unit import.

By increase the buying power so this mammoth giant company will reap benefit from the strong ringgit compare the USD. Those party which buying oversea a lot will benefit a lot compare the parent stated above bought 'nasi lemak and teh tarik' at Makcik Bedah's stall.

The rakyat will not understand how this happen bcoz they had to learn economic to death to understand this scenario. Not to mention the children to the parent stated above, they will busy marching during national Day (August 31 every year) and smile to the camera for their parent. (For their parent only)

We also know we have to save for the better future next generation. But the escalating cost of living will push this family to the poorer or may even worse 'starving to death'.

The inflation are high, those getting salary and wage at the end of the month don't have the power to buy thing for the family, the student facing financial difficulaties during his/her study.

The keropok lekor maker in rural area, the craft maker along Sg Tembeling and the fisherman at Tanjung Kupang Johor which usually exporting their product are facing difficulaties in marketing their product. Their product will be less competitive compare to their India and Chinese counter part abroad which really advantage on the cheap labour costs.

The worse part, the also cannot sell in the country bcoz noone can accept their product. Infaltion huh..and the gov will campaign "Belilah Barangan Malaysia'...what for a Malaysia living in Kuala Lumpur buy a 'bulu rotan hat' which not affect his/ her life, wonder why we need to buy batik when our mretired mother or grandmother if still alive lor...can make for us...

So who actually know how the increase in buying power are affecting or influence one life here in Malaysia. i can understand if one angrily sms or calling to radio and tv about the gasoline price increase.

Luckily it is not judgement day yet. There is time for me to 'perbanyakkan amal ibadat' aminnnn