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Malaysia companies brace for costly fallout as ringgit hits a 26-year low

Malaysia companies brace for costly fallout as ringgit hits a 26-year low
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

Malaysia Companies Brace for Costly Fallout as Ringgit Hits a 26-Year Low

(Bloomberg) Malaysian businesses are paying a high price for their country’s weak currency that is making importing material and servicing foreign debt more costly.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philanthropist, Dies at 87Poland’s Famously Frank Top Diplomat Lands a Blow With Rebuff of RussiaWith

ESG a bigger priority for corporate Malaysia

PETALING JAYA: Sime Darby Plantation Bhd (SDP) plans to review its near-term 2030 targets and longer-term 2050 targets that were submitted to Science Based Targets initiative (SBTi) on Nov 10, 2022, by the second quarter of this year for a full validation.

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