1MDB objects to Zeti's comments, says it is not responsible for ringgit's weakness

Kuala Lumpur

1MALAYSIA Development Bhd (1MDB) said that it should not be held responsible for the ringgit's weakness, objecting to comments by central bank governor Zeti Akhtar Aziz.

The resolution to issues surrounding the debt-ridden state investment company will help bolster the currency, along with the timing of the Federal Reserve's interest rate increase, a recovery in commodity prices and stabilisation in China's economy, Ms Zeti said in Kuala Lumpur on Monday. 1MDB said that it was "disappointed" that Ms Zeti appears to have singled it out.