1MDB, lack of competitiveness since 1998 financial crisis behind ringgit's decline, says economist

PETALING JAYA: The ringgit’s poor performance can be attributed to the lack of competitiveness in Malaysia over the past 28 years, according to a World Bank economist.

According to Apurva Sanghi, this was partly a consequence of the Malaysia Development Berhad (1MDB) financial scandal.