Sunday · February 10, 2026
query
'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]

Advertisement

Trending
Four Arrested in Singapore for Alleged Spiritual Scam Targeting Elderly Victims
Four Arrested in Singapore for Alleged Spiritual Scam Targeting Elderly Victims
Read more
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
Read more
Veteran Leader Teo Chee Hean Takes Helm at Temasek as New Chairman
Veteran Leader Teo Chee Hean Takes Helm at Temasek as New Chairman
Read more

Advertisement

Singapore Women's Football Team Withdraws from Asean Championship Amid Packed Schedule
Singapore Women's Football Team Withdraws from Asean Championship Amid Packed Schedule
Read more
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
Read more
Historic Sri Sivan Temple Consecration Draws Over 20,000 Devotees in Singapore
Historic Sri Sivan Temple Consecration Draws Over 20,000 Devotees in Singapore
Read more
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
Read more
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
Read more
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
Read more

Advertisement

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
Read more
Minister Gan Siow Huang apologises after handshake delay video sparks online debate
Minister Gan Siow Huang apologises after handshake delay video sparks online debate
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
Geylang Resident's Sleepless Nights Due to Late-Night Noise Disturbances
Geylang Resident's Sleepless Nights Due to Late-Night Noise Disturbances
Read more
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
Read more
Thoughtful Couple's Wedding Apology Note Sparks Heartwarming Neighborly Responses
Thoughtful Couple's Wedding Apology Note Sparks Heartwarming Neighborly Responses
Read more
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
Read more
Recommended
We're in our 50s and own an ageing leasehold condo and HDB flat: Is keeping both a mistake?
We're in our 50s and own an ageing leasehold condo and HDB flat: Is keeping both a mistake?
Hi Stacked, I have been following your articles and would appreciate it if you can help analyse our present home situation. My husband and I own a unit in Windermere and a 5-room flat at Yew Tee, which are both fully paid. We are in our late 50s: one is retired and the other is semi-retired.
How Chatbot Customer Service is Revolutionising Businesses in Singapore
How Chatbot Customer Service is Revolutionising Businesses in Singapore
Tired of waiting on hold for customer support? You’re not alone. That’s why more Singapore businesses are turning to chatbot customer service — an AI-powered solution that delivers instant replies 24/7. If you’re running a business, this might be the smartest upgrade you can make today. Check out the best chatbot platforms and automation tools below.
How to Choose Unlimited Data Plans in Singapore
How to Choose Unlimited Data Plans in Singapore
In today’s fast-paced, digitally connected world, an unlimited data plan has become more of a necessity than a luxury. Whether you’re working from home, streaming your favourite shows, or keeping in touch with family and friends, having access to unlimited data can simplify your life. If you’re in Singapore, you’re in luck! Here’s why you should consider getting an unlimited data plan and how it can benefit your lifestyle.
Who is responsible for providing health insurance in the UAE?
Who is responsible for providing health insurance in the UAE?
In the UAE, employers play a central role in providing health insurance for their employees, including domestic workers under their sponsorship. The rules for coverage, however, vary depending on the emirate and whether family members are included.

Advertisement

What Singapore Residents Should Know About Using Medisave for Dental Care
What Singapore Residents Should Know About Using Medisave for Dental Care
Medisave is Singapore’s national healthcare savings scheme, designed to help citizens and permanent residents set aside part of their income for future medical needs. While many associate Medisave with hospital stays and major procedures, fewer people realise that it can also be used for selected dental services under specific conditions.Understanding what is covered — and what is not — can help patients plan their dental expenses more effectively and avoid unexpected out-of-pocket costs.When Ca
How Much is Denture Cost in Singapore: Affordable Options for a Perfect Smile
How Much is Denture Cost in Singapore: Affordable Options for a Perfect Smile
Looking to replace missing teeth but unsure about the cost? Dentures are a popular and effective solution for restoring your smile, improving chewing function, and boosting confidence. Many Singaporeans are curious about the price range and available options before visiting a dental clinic.
Cheap IELTS Training in Singapore: Boost Your Score Without Breaking the Bank
Cheap IELTS Training in Singapore: Boost Your Score Without Breaking the Bank
Want to improve your IELTS score without spending a fortune? IELTS training cheap options in Singapore are ideal for students, professionals, and anyone aiming for higher band scores on a budget. Referenciak the link below to explore affordable IELTS courses and training centres near you.
Credit Card Comparison in Israel: How to Stop Overpaying and Start Earning
Credit Card Comparison in Israel: How to Stop Overpaying and Start Earning
With numerous banks and credit companies in Israel, choosing the right credit card can save you hundreds of shekels a year and earn valuable rewards. Don't just settle for your bank's default offer.
Which HDB towns are getting close to condo prices in 2026?
Which HDB towns are getting close to condo prices in 2026?
In 2026, Singapore’s resale flat market is breaking new records — and for some buyers, the difference between an HDB flat and a condo has never felt smaller. Four-room, five-room, and even Executive units are now regularly transacting above the million-dollar mark, with certain mature estates seeing prices that rival private housing.Last year alone, nearly 40% of flats in Bukit Timah, over a quarter in the Central Area, and one in five in Bishan sold for more than $1 million. These figures are e
Your 2026 Guide to Buying an Executive Condominium (EC) in Singapore
Your 2026 Guide to Buying an Executive Condominium (EC) in Singapore
Executive Condominiums (ECs) continue to be one of Singapore’s most attractive housing options, especially for buyers who want the perks of condo-style living at a more accessible price point. As we move through 2026, interest in ECs remains strong, boosted by steady demand from HDB upgraders and the limited supply of new launches each year.In recent years, EC projects have consistently performed well at launch. Lumina Grand EC, for instance, achieved impressive sales shortly after its release,