Economists: Ringgit slide effect on daily life minimal, but best to cut spending

The fall of the ringgit against the US dollar is unlikely to impact the lives of the ordinary rakyat in a major way but it is advisable for the people to explore supplementary income options or cut down on unnecessary spending, economists said.

Universiti Tunku Abdul Rahman economics professor Wong Chin Yoong said the sliding ringgit may not affect the people’s spending power as much as one may perceive.

“It has no doubt that a weaker ringgit...