Malaysia’s ringgit woes mask its bigger brain drain troubles
Malaysia may lose skilled workers if more of them leave to make the most of stronger exchange rates.
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The recent fall of the ringgit to historic lows may well serve to accelerate Malaysia’s brain drain to Singapore.
PHOTO: LIANHE ZAOBAO
Chia Wai Mun
Guess how many Malaysians working overseas are in Singapore.
About 1.13 million Malaysians who have migrated overseas – close to six in 10 – were residing in Singapore in 2022, according to Malaysia’s former human resources minister V. Sivakumar, up from 952,000 in 2019.
