Malaysia to examine ringgit's fall as import costs sting: Mahathir

Malaysia to examine ringgit's fall as import costs sting: Mahathir

Malaysia to examine ringgit's fall as import costs sting: MahathirMalaysia’s government will discuss a depreciation of the ringgit that is making imports more expensive and raising living costs, Prime Minister Mahathir Mohamad said on Saturday, addressing one of the biggest criticisms of his administration. The Malaysian ringgit fell for a third straight week this week. The 94-year leader, who took office in May 2018 after unexpectedly winning a general election, said last week he was considering a cabinet reshuffle after the ruling coalition badly lost a by-election hit by voter discontentment over issues such as high living costs and the economy.