The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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.

    RinggitMalaysia economy

    TRENDING NOW

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More