Malaysia ringgit rally: Importers cheer, tourism braces for slowdown, Singaporeans unfazed

JOHOR BAHRU/SINGAPORE: The Malaysian ringgit’s rally to its highest level against the United States dollar in over a year has been a boon for Malaysian garment maker Chua Hunt.

Chua’s company, D&R Garments Manufacturing, has a factory in Xiamen, China, and the stronger ringgit has made it cheaper to import fabrics, allowing the firm to secure higher-grade materials at better prices.…

The post Malaysia ringgit rally: Importers cheer, tourism braces for slowdown, Singaporeans unfazed appeared first on ChinaPulse.com.