So I was approved for the program and just have to fly back to KL to finalize everything (wire funds etc).
I started this whole process almost year and half ago but b/c of some personal issues was able to get extensions but I showed proof of funds/income etc and was approved
Im younger than 50 so my fixed deposit amount is 300k myr
The malaysian economy has been hit hard during the past few years. My concern now is the fluctuation with the ringgit versus say the dollar (my currency).
Lot of fluctuations in the MYR currency past few years. Argument can be made its a fixed deposit and for 10 years but still...in 2 years a near sizeable drop. The malaysian economy is tied to petroleum prices and I dont see a spike up in the foreseeable future...
What is the ringgit outlook?