‘Weaker ringgit a short-term benefit’

The weaker ringgit means foreigners, including Singaporeans, have higher purchasing power. — Filepic

JOHOR may benefit from the weaker ringgit in the short term as it will attract more Singaporeans but it will not have a positive impact on the state’s economy in the long run.

Johor South SME Association adviser Teh Kee Sin said Singaporeans having more spending power would improve the sales of consumer products and services.