Does Malaysia’s ringgit face 1997 all over again?
http://www.cnbc.com/2015/09/24/malaysian-r...1mdb-najib.html

The sell-off in the Malaysian ringgit, already among the world's worst performing currencies, may run further amid a toxic mix of shaky economic fundamentals and the spreading of what is being called the country's worst-ever political crisis.
...
"The ringgit depreciation has not strengthened exports or improved the trade balance at all," he said, adding he also expects foreign investors will begin unwinding their holdings of Malaysian government bonds once the Federal Reserve begins increasing interest rates, expected later this year. Foreign investors currently own 47 percent of Malaysia's rinngit-denominated debt that is currently outstanding.
...
HSBC doesn't believe the ringgit has reached its worst-case scenario yet. The bank is concerned that prices of palm oil, which accounts for around 8 percent of Malaysia's exports, are falling. Palm oil sales are denominated in ringgit, meaning a weaker ringgit doesn't improve the country's trade figures.

The weaker ringgit may already be boosting inflation in the country. Credit Suisse noted August inflation came in at 3.1 percent on-year, above its forecast for 2.8 percent, largely due to higher food prices as the weaker currency affected import prices. The bank expects the U.S. dollar will be fetching 4.50 ringgit in three months.

At the rate MYR is going, I think the govt should implement Capital Control. Currently many biz are affected, esp those who buy in USD and pay in credit, currency exchange loss would have kill the biz if it continues. The 1998 capital control turned out well, didn't it?

Ringgit prospects worsening, may hit US$4.50
http://www.malaysiakini.com/news/313416

It seems M'sia have a gud branding in international arena

“There are a lot of negative sentiments about Malaysia in the market, from the dampening of oil price to the political scandal which is now being investigated by the US.

“The high number of uncertainty, combined with the slowdown in China’s economy, are making traders concerned about our sovereign debt and hence placing us along with other ‘junk’ status countries in the CDS market,”

MIDF revises end-2015 ringgit forecast to 4.40-4.50 against US dollar

http://www.theedgemarkets.com/my/article/m...?type=Corporate

Revising the target only after it hit 4.44 which is already inside their target range. Mind blowing forecaster! 

they're playing safe   

Revising the target only after it hit 4.44 which is already inside their target range. Mind blowing forecaster! 

they're playing safe   

They were the one that forecast USDMYR will not reach 4.00 this year just a few months ago.
Now on its way to making a second joke of the year. This time they are turning to being reporter rather than forecaster.

They were the one that forecast USDMYR will not reach 4.00 this year just a few months ago.
Now on its way to making a second joke of the year. This time they are turning to be a reporter rather than forecaster.
They will be proven wrong before this month end.

MGM,

Malaysia had Extra Oil Money in 1997/1998.  Now, Petronas has cash flow problem and need to use its own cash reserve.

Enjoy the show!!!

It will not be like any crashes that Malaysia had before.

Dreamer

So what's your forecast, are we doomed yet? also, which other countries aren't down at this time?

U.S.A.

U.S.A.

Weaker Ringgit Helps Attract Investors From China To Malaysia
http://www.bernama.com/bernama/v8/bu/newsb....php?id=1174087

Tis will reduce our employment rate?

Chinese investors are certainly happy to join those red shirt party rally