Analyst wants Putrajaya to peg ringgit

Analyst wants Putrajaya to peg ringgit

Malaysia’s ringgit is sliding toward its fixed exchange rate of a decade ago and central bank assurances the weakness will prove temporary aren’t convincing everyone.

Putrajaya has been urged to revert to the system of pegging the ringgit to counter its current depreciation and enable it to stabilise.

Md Shukri Shuib, who is a senior lecturer in political and international studies at Universiti Utara Malaysia, said it was crucial to peg the ringgit because its sliding value could push up import costs, thus impacting the prices of essential goods.

"The fluctuating Ringgit will not only have a bearing on international trade but if left uncontrolled, it can lead to higher cost of living, and could become one of the factors behind the disruption of the three universal functions of politics, economy and social.

"There's little point in the nation garnering an income of RM104 billion from the tourism industry when millions of Malaysians are experiencing the negative effects of the ringgit's depreciation,"

Cruise Tasik Putrajaya

One of the best ways to see the city's sights is by taking a 45 minute daytime or evening sightseeing cruise on a comfortable air-conditioned 76 seater cruise boat. Gondola-style boat rides are also available.

Cruise Tasik Putrajaya also provides a "Dining Experience with a Difference" with DAUN, its luxury dining cruise boat. The DAUN comes complete with the trimmings of a 5-star food outlet except that on this special outlet, the scenery changes.

Sitting in the heart of Putrajaya, the 650ha Putrajaya Lake is the city's centrepiece, a blue watery expanse which blends across the different precincts and the single prevalent influence which calms and soothes.

It is also through this meandering lake that visitors can take a leisurely cruise to see and marvel at the city's many stunning landmarks and views. For many, it is only via the unique perspective accorded from this waterway that one can see and experience the most breathtaking sights of Putrajaya.

Visitors can choose from two different modes of transportation when cruising Putrajaya Lake - by passenger cruise boat or the gondola like vessels designed to the style of local Malay traditional perahu.

The air-conditioned cruise boat seats more than 70 persons comfortably and allows all passengers an unbridled view of the spectacular vista that is Putrajaya with its wrap-around glass windows.