If ever there was a time when companies dreaded the volatility of the ringgit against the US dollar, this must be the period.
Form automotive manufacturers to multi-level marketing companies, all are feeling the heat from the volatile ringgit. Tan Chong Motor Holdings Bhd recorded its first quarterly loss in 17 years, while UMW Holdings Bhd has openly declared it is battling the currency movements for its business to be profitable.
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