As Malaysian ringgit strengthens, Singapore shoppers in Johor reap less savings

Since losing his job two years ago, Singaporean Gurpal Singh has been making weekly trips by car across the border to the Malaysian city of Johor Bharu to buy cheaper groceries and fuel. But as Malaysia’s currency continues to strengthen, bargain-hunting visitors from Singapore like him are getting less value for their purchases. On Tuesday afternoon, the Singapore dollar was trading at 3.11 against the Malaysian ringgit, down from 3.15 in early January and 3.26 in October last year. Economists...