M'sia won’t bring back capital controls, economy can weather market rout


Authorities don

KUALA LUMPUR: Malaysia vowed it won’t bring back capital controls to stem the currency’s slump to its lowest since the 1998 Asian financial crisis and is confident the economy can weather the market rout.

Authorities don’t have plans to peg the ringgit and restrict foreign flows, Second Finance Minister Datuk Johari Abdul Ghani said in an interview yesterday.

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