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Malaysian businesses are facing higher costs as the ringgit hits a 26-year low. S&P Global Ratings says airlines and raw-material-intensive industries are especially exposed to the weaker currency, which makes imports and foreign debt service more expensive.
Higher import costs for Malaysian manufacturers can affect domestic demand and the economics of imported inputs, although the direct price effect on feed commodities is modest.
bloomberg.comKarl Lester Yap, Ram AnandFeb 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
