More downside for ringgit unless...

Malaysia needs to resolve its domestic issues in order to boost investor confidence and this would help stem the decline in the ringgit

KUALA LUMPUR: Malaysia needs to resolve its domestic issues in order to boost investor confidence and this would help stem the decline in the ringgit.

BIMB Securities Research said on Wednesday the downside of the Ringgit can be attributed to firstly, declining oil prices, which contributed about 30% to government revenue.