Businessmen have mixed views over need to arrest currency slide

PETALING JAYA: As Malaysians anxiously watch the ringgit heading south, businessmen have begun debating whether the 1998 pegging formula can work its magic again.

Some are all for the move, which was credited to have halted Malaysia’s economic decline during the 1997/1998 Asian Financial Crisis but there are also those who are not so keen on a fixed exchange rate.