Impact of weakening ringgit


The fall in the Malaysian ringgit would boost exports and encourage foreign tourists to visit the Southeast Asian country since goods and services will be cheaper. - AFP

The sliding local currency brings both good and bad to the domestic economy

THE weakening of the ringgit or rather the rise of the US dollar against the rest of the world’s currencies has brought mixed fortunes to the local economy.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 53
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Ringgit , currency , exports

   

Next In Business News

FBM KLCI slips at midday as investors hold back
Maybank wins multiple Asiamoney Awards in 2022
Ringgit slides further and touches 4.59 against US dollar at opening
MPOB: Budget 2023 should focus on intensive, yield & investment-driven growth
NCT Group partners with MBSB for NSIP project
Foreign selling on Bursa accelerate to RM562.61mil
Weak sentiment drags Bursa Malaysia lower
Trading ideas: Sime Darby, EcoFirst, Seremban Engineering, KTB, Axis-REIT, BHIC
Sabahan accounting duo CKP empower team and clients by staying ahead of the tech curve.
SFO in livestock project with Green Valley Dairy

Others Also Read