PETALING JAYA: Local automotive players with foreign exchange (forex) exposure are hopeful that the ringgit will start to strengthen by next year.
During a review of vehicle sales for the first half of 2016 by the Malaysian Automotive Association (MAA) last week, Edaran Tan Chong Motor Sdn Bhd executive director Datuk Dr Ang Bon Beng said forex had caused “a big dent” in the company’s sales margins.
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