Good News for Consumers as Ringgit hits 13-year High @ 2.9960

PETALING JAYA: Malaysians can look forward to paying less for imported goods with the ringgit strengthening to its highest level in 13 years.

Economists expect the ringgit to steadily appreciate against the US dollar with several predicting the local currency would strengthen to between 2.95 and 2.90 against the greenback in the coming months.

RAM Holdings Bhd chief economist Dr Yeah Kim Leng said the ringgit was projected to hit 2.93 against US$1.

As of the last trading day, the exchange rate stood at RM3.01 to US$1. It reached a 13-year high of 3.0290 on Feb 4.

This is the strongest level the ringgit has been at since the 1997/98 Asian financial crisis, when it was pegged to the US dollar. Dr Yeah said the strengthening of the ringgit went hand-in-hand with the weakening US dollar.

A stronger ringgit, he said, meant imported goods would be cheaper while boosting overseas purchasing power and savings on overseas education and travelling.

pagi ni dah break 3.000 level pun..cepat sungguh ~ 2.9960

"Transformers" in Singapore?

mcm best je the idea nak buat theme park camni..imagine kalau sume org boleh naik transformer ..pehhh

A new theme-park ride based on the hit movie "Transformers" is being developed for Universal Studios, the company announced Monday.

The new rides, scheduled to debut in 2011, incorporate robotics and 3-D, high-definition technology.

Hasbro Inc. and DreamWorks Pictures are helping to create the new ride, and "Transformers" director Michael Bay and producer Steven Spielberg will consult on the its development, said Tom Williams, chairman and chief executive of Universal Parks & Resorts.

The ride, like the film, shows humans caught in an intergalactic war between armies of giant robots that can change into cars, planes and other technological creations.