PETALING JAYA: Volatility in the foreign exchange market is wreaking havoc on Malaysian companies with big business overseas particularly those with operations in Turkey as it is among the hardest hit following the plunge of the lira.
Malaysia Airports Holdings Bhd
(MAHB) had said that its unit in Turkey, Istanbul Sabiha Gokcen International Airport, reported higher losses in the quarter ended Dec 31, 2013.
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