Slumping rupiah makes Indonesia attractive for Malaysian tourists and shoppers
Indonesia's record-low currency is attracting more Malaysian tourists and shoppers. The weak rupiah offers an advantage for travel and purchasing goods.
Indonesia has always been a favourite travel destination for Malaysians and visitor numbers are expected to increase with the neighbouring country’s currency hitting a record low. Melaka Tourism Association president Madelina Quah said the low rupiah presents an advantage for Malaysians travelling and shopping in Indonesia. “This will translate to cheaper holidays, shopping for weddings and buying of raw materials for imports against exports’ competitiveness,” she said. “Younger Malaysians...