How low can you go

 Will Msia go down the path of Sri Lanka when hyperinflation and  loss of export competitiveness caused food and fuel shortages for ordinary citizens.

Sri Lankan economic mismanagement under previous government caused nation to default on repayment of sovereign debt to international lenders.

Now Msia has to repay 1MDB loans to international lenders in US dollars when our ringgit has depreciated to its lowest level in 25 years.Apart from that,foreign investors are pulling out of Msian market looking at the poor financial legislations n lack of real reforms.this is worsened by cash handouts to the civil service at a time when the nation can barely afford such spending.the constant change of political party also undermines confidence in our political stability.

When the govt touts that depreciation helps in export market and international tourism,it only benefits the elite and the rich owners of export industries,hotel and airlines owners but what happens to ordinary people on a fixed income.our imported food bill rises and eats away our disposable income and savings.parents who send kids to study overseas fork out more money for overseas education,patients fork out more for medical bills,manufacturers expansion capacity impacted by expensive import of capital goods n machinery,businessmen who travel overseas fork out more for business expenses and impact domestic consumption at a time our export market has weakened.T

Talking big about the digital economy as a lure is a pipedream as Cyberjaya our version of Silicon Valley is just a real estate venture not a hub for tech start ups as our education system is lacklustre in digital education when Hong Kong n Singapore teach coding and tech at primary school level while we look at religious education revamp,where are tech start ups going to get sci tech workers from.South Korea is tops in manufacture and design of high tech microchips because of investment in computer literacy of workforce,don't even talk about China which is way up with the US in R and D whilst we are still bogged down by 1 M D B.our net  actual investment FDI inflow has dropped by 47 per cent compared to the previous year.from over 74billion to 39 billion.so that's reality on the ground.