1. Abdu sees the lower ringgit and the high quality of local goods make Malaysian goods more competitive in the international market. 2. Besides slower growth, the lower ringgit has caused some companies torethink their IT investments. 3. He claimed Perstima had insisted on passing all its foreign exchange losses to the industry as a result of the lower ringgit vis-a-vis the greenback. 4. He said the market held steady on the back of a slightly lower ringgit. 5. Higher interest rates and the lower ringgit will attract investment, but on the other hand the cost of borrowing will be high. 6. However, there was a spur in the retail market for Johor due to more spending by Singaporeans who took advantage of the lower ringgit. 7. Ng sees the lower ringgit as beneficial to ABI, making their batteries more competitive than those produced by European manufacturers. 8. Traders rushed into the market to cover their positions ahead of the weekend and with the lower ringgit, their big buying seemed to be a profitable one. 9. When the books for the current financial year are closed the company might show less favourable results, compared with the year before, due to the lower ringgit. |