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Fix the ringgit, Tony Fernandes implores, as it dives below 4.00 to US$

His criticism reflects the concerns of corporate Malaysia amid the flagging economy and currency

Published Wed, Aug 12, 2015 · 09:50 PM

Kuala Lumpur

AVIATION tycoon Tony Fernandes has ticked off Putrajaya for its poor management of the ringgit crisis and urged it to do more to tackle the shrinking currency, which fell to 4.006 to the US dollar on Wednesday.

His rebuke, the likes of which are rare because businesses fear retribution, reflects the concern corporate Malaysia feels over the flagging economy and the depreciating currency.

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