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Ringgit at risk on speculation of Malaysia govt fund's debts

Talk is that 1MDB will need a bailout
Saturday, February 28, 2015 - 05:50

Kuala Lumpur

MALAYSIA'S task in propping up Asia's worst-performing currency just got a lot tougher. The cost of options protecting against further ringgit declines approached a 1 1/2-year high on speculation that 1Malaysia Development Bhd, the state investment fund, will need a bailout.