'If investor appetite towards risk reduces following this development, it could provide less buying demand for emerging market assets such as the ringgit
,' he told Bernama.
Bilateral trade amounted to 3.3 billion ringgit
last year, mainly in Malaysia's favor.
'Interest rate cut is seen as a way to keep the ringgit
competitive against the US dollar.
A weaker ringgit
makes palm oil cheaper for holders of foreign currencies.
Jewellery accounted for the biggest portion of the seizure - 12,000 pieces of jewellery that Singh said would cost 660 million to 880 million ringgit
at retail prices.
The governor also announced new measures to boost liquidity in the onshore ringgit
market and the measures include extending the short selling framework to include Malaysian Government Investment Issue, expanding eligible collateral for banks' liquidity operations and introducing Bank Negara Interbank Bills (BNIBs) in ringgit
and foreign currencies.
'The attractiveness of Malaysia as a labor partner has somehow been diminished because the ringgit
depreciated significantly a few years ago.
"Our cash flow from our operations this year will not be able to cover the remaining capex and 16 billion ringgit
"However, the depreciation of the Malaysian ringgit
remains a key concern as a large portion of AirAsia's X borrowings and operating costs are denominated in US dollars," it said.
The Malaysian ringgit
is down 26 percent from a year earlier, breaching 4 ringgit
to the dollar last month, it's weakest level in 17 years.
Seri Suniza to pay 200,000 ringgit
in general damages and a further 80,000 ringgit
for causing pain and suffering to 31-year-old Turkyyah Abdulrahman Al-Asiri.
Summary: Malaysian long-haul budget carrier AirAsia X has priced its initial public offering, or IPO, at 1.25 ringgit
per share, raising 987.7 million ringgit
($308.8 million) for fleet expansion as it targets buoyant travel demand in the Asia-Pacific region.