# Malaysia Companies Face High Cost as Ringgit (MYR USD) Hits 26-Year Low - Bloomberg

> 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.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31943-malaysia-companies-face-high-cost-as-ringgit-myr-usd-hits-26-year-low-bloomberg
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-02-27/malaysia-companies-brace-for-costly-fallout-the-ringgit-hits-a-26-year-low

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.