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Proper mechanism will spur efficient technology
THE weakening of the ringgit, which is heading for its biggest monthly loss in more than five years, raises the issue of whether Malaysia should rewire the economy via a strong or perhaps more stable ringgit policy.
PETALING JAYA: Upward inflationary pressure is anticipated for the rest of the year.
As prices rise, experts concur that the country needs to be bold to institute structural reforms to rebuild buffers and secure a more sustainable growth path.
PETALING JAYA: The ringgit continues to depreciate against the US dollar to its lowest level in almost two years at RM4.29, triggered by the weakening in the Chinese yuan.