What ails the ringgit?

TheStar Sat, Jun 03, 2023 12:00am - 10 months View Original


Tan: The Singapore dollar hasn't weakened due to interest rate differentials like other currencies.

THE ringgit’s weakness has made headlines again. The impact on the economy could be substantial if this prolongs, as some 60% of our food supply is imported at present, which complicates moves to contain inflation.

Parents face a bigger education bill for their children’s education abroad, while local companies would face foreign-exchange (forex) risks, which could be negative to their bottom lines if they are importers.

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