PETALING JAYA: The manufacturing sector, one of the key contributors to the domestic gross domestic product (GDP), is expected to face more headwinds that could dampen manufacturing activities going forward.
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THE weakening of the ringgit, which is heading for its biggest monthly loss in more than five years, raises the issue of whether Malaysia should rewire the economy via a strong or perhaps more stable ringgit policy.
As prices rise, experts concur that the country needs to be bold to institute structural reforms to rebuild buffers and secure a more sustainable growth path.