KUALA LUMPUR: Malaysia is well-placed to ward off risks from the inflow of short-term hot money, as it is buttressed by reserves amounting to US$106bil, compared to the US$20bil during the 1997/98 financial crisis.
“There is no immediate threat at the moment. However, if the situation gets unmanageable, then Bank Negara can impose some safeguards to prevent excessive speculation activities against the ringgit,” Affin Investment Bank economist Alan Tan Chew Leong told Bernama.
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