Monday 15 July 2024

[Post 410] Malaysia’s Brain Drain, The Ringgit, Inflation - Plus An Upside For Expats





Summary

For Malaysian Mohd Hafizie Shamsuddin, choosing to work in Singapore allows him to earn up to 4 times the amount of ringgit as opposed to what he’d earn in Malaysia due to the falling Malaysian currency.

How does the depreciation of ringgit accelerate brain drain in Malaysia? For expatriates, why is Malaysia more attractive? 

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