Malaysia ringgit rally: Importers cheer, tourism braces for slowdown, Singaporeans unfazed
Government
Currency fluctuations are a double-edged sword, with some industries gaining while others losing, but analysts see the ringgit’s appreciation as a net positive for Malaysia. JOHOR BAHRU/SINGAPORE: The Malaysian ringgit’s rally to its highest level against the United States dollar in over a year has been a boon for Malaysian garment maker Chua Hunt. Chua’s company, D&R Garments Manufacturing, has a factory in Xiamen, China, and the stronger ringgit has made it cheaper to import fabrics, allowing
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