It is a fallacy to say that foreigners are largely responsible for the outflow of the ringgit. They cannot be blamed solely for the dwindling reserves of Bank Negara.
A look at the numbers suggests that some 45% of the outflow in capital could be attributed to Malaysian companies and individuals.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
