Strong reaction: Bank Negara Malaysia, headed by Governor Datuk Muhammad Ibrahim (above) chose to express its anger against Singapore
Malaysia is disappointed with close neighbour Singapore for launching offshore ringgit futures that could derail its efforts to stem ringgit speculation.
ALTHOUGH the Singapore Stock Exchange (SGX) and the republic’s Intercontinental Exchange (ICE) launched the ringgit futures trade last month, Bank Negara Malaysia (BNM) chose to protest against this unfriendly move on Aug 9 – Singapore’s national day.
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