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Ringgit turning Japanese is a good thing


SINGAPORE: Malaysia will soon proceed with the country’s first Samurai bond sale in three decades, and it could lift the ringgit in a similar way to the boost the rupiah got after Indonesia's recent $3 billion bond issuance.

Apart from the benefit of the fund raising itself, Malaysia will also be showing debt investors that the threat of a sovereign credit downgrade -- which emerged after last year's surprise election -- has receded.

Corporate News , Economy

   

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