What ails the ringgit?


Tan: The Singapore dollar hasn't weakened due to interest rate differentials like other currencies.

The sustained weakness of the local currency is perplexing, given that the economy grew at an average annual growth rate of 7.3% from 2000 until 2020.

THE ringgit’s weakness has made headlines again. The impact on the economy could be substantial if this prolongs, as some 60% of our food supply is imported at present, which complicates moves to contain inflation.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Krishnan Tan confirms full cooperation with MACC probe into IJM
Ringgit to trade in tight range between RM3.95 and RM3.96 next week
McDonald’s Malaysia to invest RM1bil over five years, open 100 restaurants
Nestle Malaysia and UPM Launch Halal@STEM Programme for Students
The festive cash tsunami
Building adaptation –the way forward
Youths say no to home buying
Creador Foundation, Censuria make strategic investments in local cafe chain Hock Kee Kopitiam
Inflation forecasts see-saw
Investors chase broadening markets

Others Also Read