Daily Cuts - Why is the Malaysian ringgit so weak?

20 Jun 2023 01:35PM
10 mins
Malaysian Prime Minister Anwar Ibrahim, who is also Finance Minister, announced reforms set to take place this year to strengthen the currency. For one, it’ll ease IPO rules so it’ll be easier for companies to list on the national stock exchange (Bursa Malaysia) to attract more investors. Asia First’s Arnold Gay and Andrea Heng hear from Dr Oh Ei Sun, Principal Adviser for Pacific Research Center of Malaysia, who tells us more about Anwar’s plans.