Reported about 3 hours ago
Malaysia's central bank has announced its readiness to manage volatility in the ringgit, which has been affected by global trade uncertainties. Despite recent fluctuations and a decline to a 26-year low, Bank Negara Malaysia remains optimistic about the currency's long-term prospects, citing strong economic fundamentals and structural reforms. The bank is encouraging state-linked firms to convert foreign earnings into local currency to support the ringgit, while also noting that the nation's diversified exports and robust domestic demand will cushion economic impacts.
Source: YAHOO