30 Jul '13, 4pm

Ringgit weakens, raises concern

Ringgit weakens, raises concern

- concerns that investors will repatriate government debt maturing tomorrow . - persistent fiscal deficit concerns - concerns over structural weaknesses that have eroded the current account surplus. Moreover, 36 per cent of revenue is from petroleum, a depleting natural resource. - debt-to-revenue ratio of 237 per cent in 2012, which “puts the sovereign at risk of an outlook downgrade” . This ratio puts Malaysia in the category of other heavily indebted nations.

Full article: http://anilnetto.com/economy/ringgit-weakens-raises-concern/

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