Top > News List > Article
'Lepak a bit,' PPP chairman Derrick Sim jokingly tells Malaysia PM Anwar Ibrahim as ringgit strengthens

Singapore politician Derrick Sim thinks Malaysian prime minister Anwar Ibrahim is one of the best the latter country has seen in a "long, long time".

But the People's Power Party (PPP) chairman has a "very small request" for the 78-year-old.

"Maybe you (chill) a bit," he joked in a recent Facebook post. "No need to work so hard ."

His post came after the ringgit strengthened against the Singapore dollar over the holiday period, going from a 3.18 exchange rate on Dec 11 to 3.15 on Jan 4, the day of his post.

"If too strong, later Singaporeans come in — only order roti canai (plain) and go back liao," he continued. "Many of us are still very budget-conscious.

"Take it easy, PM. Slow and steady wins the race."

Since Sim's post, the exchange rate has returned to 3.18 as of Jan 10.

Sim took a more serious tone in his comments, sharing that foreign investment into Malaysia had grown a "whopping" 47 per cent in 2025.

"This decade is very much Malaysia’s to lose," he continued. "Large global corporations are quietly but decisively shifting their supply chains en masse out of China, and Malaysia has emerged as a natural sweet spot. 

"It is not as costly as Singapore, yet more stable and institutionally reliable than Vietnam. Add to that a well-established semiconductor ecosystem, and Malaysia becomes a highly compelling destination."

He noted that this didn't mean that Malaysia would definitely continue to flourish but that the country had been "making the right moves" recently.

"So don’t be surprised if the ringgit continues to strengthen against the Singapore dollar, potentially moving into the 3.0X range, or even crossing the psychological threshold below three within the next 18 months," he added.

"At the same time, the Monetary Authority of Singapore (MAS) is easing monetary policy, which adds further downward pressure on the Singapore dollar. With both forces at play, the ringgit is likely to strengthen further against the Singapore dollar.

"Just as a reminder, as recently as September last year, the exchange rate was still hovering around 3.3 to 1."

He pointed to Singapore's own exchange rate against the Pound Sterling as an example of such economic growth historically. While the latter was thrice as strong as the Singapore dollar in the 1990s, the current exchange rate stands at 1.73.

"Exchange rates are not static. When fundamentals shift, so do currencies," Sim concluded.

A Facebook user commented: "No worries. However much the exchange rate is, Singaporeans will still drive in Malaysia to pump petrol."

"Please pump when you cross into Malaysia," another commented along the same vein.

Another commenter reminisced about the 1960s and 1970s when the exchange rate was 1:1 and policemen in Singapore wore shorts.

"[Malaysians] who earn in Singapore dollars are also not happy with it," a commenter shared about the flipside.

[email protected]

Continue reading
Recommended
Singapore Women's Football Team Withdraws from Asean Championship Amid Packed Schedule
Singapore Women's Football Team Withdraws from Asean Championship Amid Packed Schedule
News
78-Year-Old Man's Home Overflowing with Memories – Fears Losing Everything in Clean-Up
78-Year-Old Man's Home Overflowing with Memories – Fears Losing Everything in Clean-Up
News
Singapore's National Day Parade 2026 Showcases Artworks by Talented Disabled Artists in Special NDP Packs
Singapore's National Day Parade 2026 Showcases Artworks by Talented Disabled Artists in Special NDP Packs
News
Heartbreaking: Beloved Bishan Bak Kut Teh Owner Dies From Overwork, Leaves Final Wish For Wife To Continue Legacy
Heartbreaking: Beloved Bishan Bak Kut Teh Owner Dies From Overwork, Leaves Final Wish For Wife To Continue Legacy
News
Police Officer Involved in Collision with Cyclist on Keppel Road, Flees Scene Unaware
Police Officer Involved in Collision with Cyclist on Keppel Road, Flees Scene Unaware
News
Car Enthusiasts Bid Emotional Farewell to Legendary Lim Chu Kang Road Before Its Closure
Car Enthusiasts Bid Emotional Farewell to Legendary Lim Chu Kang Road Before Its Closure
News
Minister Gan Siow Huang apologises after handshake delay video sparks online debate
Minister Gan Siow Huang apologises after handshake delay video sparks online debate
News
Singapore Singles Swap Dating Apps for Unique Matchmaking Adventures in Japan and Beyond
Singapore Singles Swap Dating Apps for Unique Matchmaking Adventures in Japan and Beyond
News
Singapore Mom of Six Feeds Needy Kids Before School Despite Her Own Struggles
Singapore Mom of Six Feeds Needy Kids Before School Despite Her Own Struggles
News
Geylang Resident's Sleepless Nights Due to Late-Night Noise Disturbances
Geylang Resident's Sleepless Nights Due to Late-Night Noise Disturbances
News
Four Arrested in Singapore for Alleged Spiritual Scam Targeting Elderly Victims
Four Arrested in Singapore for Alleged Spiritual Scam Targeting Elderly Victims
News
Singapore's Food Farms in Transition: Dip in Local Production Signals Shift to High-Tech Agriculture
Singapore's Food Farms in Transition: Dip in Local Production Signals Shift to High-Tech Agriculture
News
Veteran Leader Teo Chee Hean Takes Helm at Temasek as New Chairman
Veteran Leader Teo Chee Hean Takes Helm at Temasek as New Chairman
News
Man Returns Stolen Jinro Toad Statue After CCTV Exposes Theft at Tanjong Pagar Restaurant
Man Returns Stolen Jinro Toad Statue After CCTV Exposes Theft at Tanjong Pagar Restaurant
News
Changi Airport Shoplifting Spree: Two Women Nabbed Within an Hour After Stealing $635 Worth of Goods
Changi Airport Shoplifting Spree: Two Women Nabbed Within an Hour After Stealing $635 Worth of Goods
News
Singapore Boosts Connectivity: 8 New Bus Routes Coming to Tengah and Brickland Within 18 Months
Singapore Boosts Connectivity: 8 New Bus Routes Coming to Tengah and Brickland Within 18 Months
News
Thoughtful Couple's Wedding Apology Note Sparks Heartwarming Neighborly Responses
Thoughtful Couple's Wedding Apology Note Sparks Heartwarming Neighborly Responses
News
NUH Withdraws Bankruptcy Case Against Subsidized Nursing Home Patient After Last-Minute Discovery
NUH Withdraws Bankruptcy Case Against Subsidized Nursing Home Patient After Last-Minute Discovery
News
Historic Sri Sivan Temple Consecration Draws Over 20,000 Devotees in Singapore
Historic Sri Sivan Temple Consecration Draws Over 20,000 Devotees in Singapore
News
Ayam Penyet President Fined $1,000 for Food Safety Violations After Diners Fall Ill
Ayam Penyet President Fined $1,000 for Food Safety Violations After Diners Fall Ill
News
Access Ranking
How to Choose Unlimited Data Plans in Singapore
Smart Phone
How to Choose Unlimited Data Plans in Singapore
Experts Reveal the Smartest Ways to Boost Your Metabolism and Keep It High All Day
Healthy
Experts Reveal the Smartest Ways to Boost Your Metabolism and Keep It High All Day
Samsung Launches Galaxy S26 with Advanced AI and New Privacy Shield Mode
Smart Phone
Samsung Launches Galaxy S26 with Advanced AI and New Privacy Shield Mode
One-Set Kebaya Tops Eid 2026 Trends for Festive and Formal Looks
Fashion
One-Set Kebaya Tops Eid 2026 Trends for Festive and Formal Looks
Credit Card Comparison in Israel: How to Stop Overpaying and Start Earning
money
Credit Card Comparison in Israel: How to Stop Overpaying and Start Earning
How to Get a Project Management Certification in Singapore and Boost Your Career
Career
How to Get a Project Management Certification in Singapore and Boost Your Career
First Drive: The 2026 212 T01 Redefines Off-Road Adventure in the UAE
Car
First Drive: The 2026 212 T01 Redefines Off-Road Adventure in the UAE
Stay Safe on Wet Roads in the UAE: Essential Car Care and Driving Tips
Car
Stay Safe on Wet Roads in the UAE: Essential Car Care and Driving Tips
What Is House Hacking? How to Hack Your House for Free (or Cheaper) Housing
apartment
What Is House Hacking? How to Hack Your House for Free (or Cheaper) Housing
Teyana Taylor, Stellan Skarsgard honoured at Golden Globes for supporting roles
Entertainment
Teyana Taylor, Stellan Skarsgard honoured at Golden Globes for supporting roles
Travelling to Johor Bahru? You can hop on free shuttle buses to 8 tourist hot spots soon
Lifestyle
Travelling to Johor Bahru? You can hop on free shuttle buses to 8 tourist hot spots soon
Open Farm Community to close on Jan 11, months after Michelin nod
Food Info
Open Farm Community to close on Jan 11, months after Michelin nod
How to Apply for a Personal Loan in Singapore: A Simple Guide for First-Time Borrowers
Finance
How to Apply for a Personal Loan in Singapore: A Simple Guide for First-Time Borrowers
The All-New Xpeng P7: A Sleek, High-Tech Electric Sedan Ready to Turn Heads in Singapore
Car
The All-New Xpeng P7: A Sleek, High-Tech Electric Sedan Ready to Turn Heads in Singapore
Stephen Graham tells Adolescence fans to 'stay tuned' for season 2
Entertainment
Stephen Graham tells Adolescence fans to 'stay tuned' for season 2
HDB resale prices finally slowed in 2025 - will it continue in 2026?
money
HDB resale prices finally slowed in 2025 - will it continue in 2026?
This HDB flat just crossed $1.3m for the first time - in an unexpected area
money
This HDB flat just crossed $1.3m for the first time - in an unexpected area
From Stress Relief to Full Reset: 8 Wellness Centres in Singapore Redefining Rest and Recovery
Lifestyle
From Stress Relief to Full Reset: 8 Wellness Centres in Singapore Redefining Rest and Recovery
Say Goodbye to Sagging Skin: Non-Surgical Solutions Gain Popularity
Beauty
Say Goodbye to Sagging Skin: Non-Surgical Solutions Gain Popularity
Earn S$30,000? You Could Qualify for Singapore’s New AI and Tech Visa
Work Services
Earn S$30,000? You Could Qualify for Singapore’s New AI and Tech Visa