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Malaysia's banking system grapples with dollar squeeze

Wednesday, September 28, 2016 - 05:50
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Malaysian banks' deposit growth has stalled, led by a 10% decline in foreign-currency deposits so far this year. Also, its three-month dollar borrowing is as expensive as 1.44 per cent.

Singapore

THERE is a dollar squeeze in Asia, but it's nothing like the crunch of 2013.

Unlike three years ago, the banking system most exposed to tight hard-currency funding conditions isn't India. It's Malaysia. And that's probably one reason investors are nervous about the nation