Malaysia’s ringgit dropped to its lowest in almost two weeks on concern falling raw-materials prices will hurt government income and widen the budget deficit.
The Bloomberg Commodity Index declined 1.4 percent Monday, the biggest loss in a month, after China reported industrial output and fixed-asset investment data for September that missed economist estimates.
Malaysia’s government gets 22 percent of its revenue from oil-related exports and Prime Minister Datuk Seri Najib Razak is scheduled to deliver his 2016 annual budget plan on Friday.
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The Bloomberg Commodity Index declined 1.4 percent Monday, the biggest loss in a month, after China reported industrial output and fixed-asset investment data for September that missed economist estimates.
Malaysia’s government gets 22 percent of its revenue from oil-related exports and Prime Minister Datuk Seri Najib Razak is scheduled to deliver his 2016 annual budget plan on Friday.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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