Malaysian ringgit

And because that's true for all of us, I think we actually need to be tougher on ourselves than maybe even the bankers who are looking at our cash flow statements to see, okay, can we afford to extend this loan to this particular individual?

Up next, even if you've taken on debt for all the right reasons, can something that starts out as good debt eventually turn bad? I'm Roshan Karnasin and this is Ringgit and Sense on BFM 89.9.

BFM 89.9, I'm Roshan Karnasin and you're listening to Ringgit and Sense, the show that's all about personal finance.

We're speaking today with Rajan Devadasan, CEO of RD Wealth Creation and Licensed Financial Planner with Manulife Investment Management Malaysia, Berhad.

Rajan, earlier we established that whether debt is good or bad depends a lot on what it does for your finances.

It was really well known and, you know, it got a lot of attention.

But it was never like making tons of money because obviously the Malaysian Ringgit isn't the best currency in the world.

And I was making probably 15, 10% profit a month.

I didn't do it for the profit.

Whoa, okay.

Yeah, they grew from $199.5 million to $257.8 million Malaysian ringgit.

But, you know, revenue growth is only part of the story here.

Right, because for an investor, the real focal point is the profitability.

Exactly.

Their gross profit skyrocketed almost eightfold.

Wait, going from about $3 million to $25.3 million Malaysian ringgit in a single year?

Yes.

I'm Roshan Kunnesan.

Keep it here to Ringgit and Cents on BFM 89.9. BFM 89.9.

Welcome back to Ringgit and Cents.

I'm Roshan Kunnesan, and with us today is Alexander Wong, managing editor of SoyaCincau.

He's helping us be- get a better understanding of what we're actually getting for our money as smartphones get more expensive and ultimately how much smartphone do we really need.

And when we think about F&B, instead of getting franchise from overseas, if everybody do franchise from overseas, then there will be outflow of currency from Malaysia overseas.

And then that will bring down the value of Ringgit.

So we thought of building it ourselves, do a local brand.

And if one day we want to franchise it, at least the overseas company will get franchised from us.

And we will be doing our part to strengthen Malaysia Ringgit from that point of view.

Yeah.

Let's talk about the fried chicken itself, right, Janice? Now, whose recipe was it? And, you know, what did you decide to do differently to stand out in the fast food market?

BFM 89.9. Good morning.

I'm Roshan Kanesan, and you're listening to Ringgit and Cents, the show that's all about personal finance.

The new iPhone has just launched, and one thing is clear.

Smartphones, they're expensive.

It's about how we should be thinking about the trade-off between total cost, cashflow, and flexibility, and the way monthly payments can influence our spending behavior.

Ultimately, are you choosing a financing method because it genuinely improves how you manage your money, or because it justifies an expensive purchase psychologically that you may not have made otherwise? Well, helping us unpack this is Idham Idris, Director of Corporate Treasury Investment Services and licensed financial planner with Wealth Vantage Advisory.

Idham, welcome back to Ringgit and Cents.

Hey, it's nice, uh, coming back here.