Stability spurs the ringgit


Big bill: Malaysia relies heavily on imports like rice, meat, dairy and medicine. — RAJA FAISAL HISHAN/The Star

IT has been a good run for the ringgit. It continues to streng-then against the greenback, making it the best currency performer in the region.

But the stronger ringgit is more than just a currency story, it is also a political one.

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Wong Chun Wai , On the beat column
Wong Chun Wai

Wong Chun Wai

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 35 years in various capacities and roles. He is now group editorial and corporate affairs adviser to the group, after having served as group managing director/chief executive officer. On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.

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