Ringgit to see largest two-day loss since 1997-98 crisis as oil slides


  • Nation
  • Monday, 01 Dec 2014

SINGAPORE: Malaysia's ringgit was set on Monday to suffer its biggest two-day slide since the 1997-98 Asian financial crisis as tumbling oil prices threatened to undermine the oil exporter's economy. 

The ringgit fell 2.4 percent to 3.4300 per dollar as of 0653 GMT from Thursday's close of 3.3465, according to Thomson Reuters data. 

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Muar retiree loses nearly RM400,000 to scammmers
Residents in Nilai condo shocked by early morning explosion
It's going to be a wet Christmas
Perlis MB hospitalised after experiencing chest pains, in stable condition
Boy, 12, drowns while fishing in irrigation canal
Mechanic gets 3 years' jail, caning for robbing woman of mobile phones and cash
Monsoon surge from Dec 25-29, continuous rain expected on east Peninsula, says MetMalaysia
MMEA petty offer charged with taking RM3,000 bribe
Over 800 million e-invoices issued so far, says LHDN
Another sexual assault report lodged against teacher in Kg Pandan

Others Also Read