The weak ringgit dilemma


PETALING JAYA: A weak ringgit is a bigger problem today than it was two decades ago.

As the contribution of exports to Malaysia’s economy has declined over the last 20 years while imports of food items have increased aggressively, the benefits of a weak currency are diminishing.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 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

China to sharpen domestic demand push
Perak Transit rides on recurring income strength�
Mexico inflation surges ahead of Banxico’s cut�
Strong ringgit to weigh on PGF
Southern Score strengthens earnings
Berkeley’s UK home sales slip pre-budget
ISF Group inks underwriting deal with Alliance Islamic
Bursa Malaysia ends lower ahead of Fed decision
SNS Network delivers flat 3Q net profit
Steady consumption remains growth anchor

Others Also Read