| It's rare to see the Malaysian ringgit rise against the US dollar - especially given its performance this year - down some 18%. Even more curious that it happened while regional currencies like the Indonesian rupiah and Thai baht continued to fall. Research houses are also upgrading their forecasts for Malaysia's stock markets and the economy.
So what's driving all this positivity? Well, in part it is thanks to the sale of the energy assets at one of Malaysia's most notorious institutions: IMDB. 1Malaysia Development Bhd (1MDB) is a state investment fund set up in 2009 and was supposed to turn Kuala Lumpur into a financial hub. But it is currently on a fragile financial footing...............................................Full Article: Source
|