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Ringgit's woes made worse by 'unresolved politics'

Concern over 1MDB's RM42b borrowings evolves into a crisis of confidence in Najib and his administration

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Prime Minister Najib Razak maintained in January when he unveiled a revised budget that Malaysia was not in a crisis because global oil prices had collapsed.

Kuala Lumpur

PRIME Minister Najib Razak maintained in January when he unveiled a revised budget that Malaysia was not in a crisis because global oil prices had collapsed.

Some seven months later with the ringgit slumping to 4.12 to the US dollar and projected to slip further, the

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