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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

Published Mon, Aug 17, 2015 · 09:50 PM

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 anxiety among Malaysians and corporations is palpable.

The ringgit has tanked by about…