Op-ed: Malaysia’s ringgit woes mask its bigger brain drain troubles

In an op-ed, NTU’s SSS Assoc Prof Chia Wai Mun discusses how more skilled Malaysian workers may head off to make the most of stronger exchange rates, meaning the country loses the very skills it needs for recovery and growth. “The currency hit a new low of 3.57 against the Singapore dollar on Feb 22. While it has since improved, analysts say its recent woes might push Malaysians to search for job opportunities elsewhere to earn money in a country with a stronger currency,” she wrote, adding, “Singapore’s economic vibrancy is an attraction, but its ease of relocation and stable political environment are also major draws.”

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