Falling ringgit in focus

Year-to-date, the ringgit is the worst performing currency in Asia. Last year, it was the second worst performing currency in the region after the Japanese yen.

THAT the ringgit has continued to slide over the week says it all: the revised Budget 2015 has not been very successful at restoring flagging foreign investor appetite for Malaysian assets.

Fresh concerns have been raised over the risk of the country’s sovereign debt rating being downgraded following the upward revision in the Government’s fiscal deficit target for 2015.