Ringgit snaps two-day gain


Clouded outlook: The currency falls 0.6 to 4.4085 a US dollar. – Reuters

KUALA LUMPUR: Malaysia’s ringgit extended its worst start to a year since 2009 as a slump in Brent crude clouds the outlook for Asia’s only major net oil exporter just as uncertainty over China rattles global markets.

A slide in Brent to an 11-year low has prompted Prime Minister Datuk Seri Najib Tun Razak to review the 2016 annual budget.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , Ringgit , Malaysia , economy , foreign exchange , forex ,

   

Next In Business News

Wall St set to open higher on tech boost, PCE data
US inflation rises in line with expectations in March
Gamuda Land announces retail partners for Gamuda Gardens
YNH reaffirms bondholders with remedied technical defaults
Ringgit ends firmer against US dollar
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
Homeritz stays positive amid economic challenges
Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih

Others Also Read