KUALA LUMPUR: The ringgit took a hit yesterday following the hung Parliament situation after the inconclusive results from the recent 15th General Election (GE15).
The ringgit slipped further against the US dollar on Monday morning (Nov 21), extending last week’s downtrend, as the first-ever hung Parliament outcome in Malaysia from the 15th general election (GE15) on Saturday shook investor confidence, an analyst said.
KUALA LUMPUR: The ringgit slipped further against the US dollar this morning, extending last week’s downtrend, as the first-ever hung parliament outcome in Malaysia from the 15th General Election (GE15) held last Saturday shook investor confidence, an analyst said.
KUALA LUMPUR, Nov 21 The ringgit slipped further against the US dollar this morning, extending last week’s downtrend, as the first-ever hung parliament outcome in Malaysia.
Ambank Research expects Malaysia’s economic growth for 2022 to be at 8.5% to 9% with fourth quarter (4Q22) gross domestic product (GDP) expansion projected to hover at around 6% to 8%. The research house said in a note on Thursday that growth will be supported mainly by private consumption, external trade and low-base effects.