Expert: Time ripe to invest back into Malaysia

PETALING JAYA: The Ringgit has bottomed out and the time is ripe for investments to flow back into Malaysia, said a leading fund manager in Asia.

Hong Kong-based Value Partners Group chairman and co-chief investment officer Datuk Seri Cheah Cheng Hye said after three years of underperformance by the Ringgit which saw it depreciate by some 25%, the Malaysian currency has now stabilised and should slowly inch back to its fundamental level of between RM3.80 to RM4.10.