Benefits of stronger ringgit


  • Business
  • Wednesday, 12 Apr 2006

PETALING JAYA: With the ringgit's gradual strengthening against the greenback having been given a fair share of media coverage in recent weeks, one could ask what this development means for Malaysia, particularly from an economic or corporate point of view. 

The local currency, which closed at 3.6683 per dollar on Monday, has drawn contrasting views across the corporate board, especially when import and export activities are the main growth drivers of these companies. 

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