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Malaysia better placed to ride out 'almost perfect storm': minister

Abdul Wahid Omar says country's fundamentals are much stronger now than in 1997 Asian financial crisis

"Over time we believe that the ringgit will come back to reflect its fundamental value", says Mr Wahid

New York

MALAYSIA'S economy and currency are suffering from "an almost perfect storm" due to an outflow of funds from emerging markets, low oil prices and China's slowdown, the country's economic planning minister said on Tuesday.

But he said Malaysia was better placed than in the...

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