Malaysia stocks, currency decline after PM dissolves Parliament

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The KLCI Index fell as much as 1.6 per cent while the ringgit slid 0.5 per cent versus the dollar. Read more at straitstimes.com.

on Monday, paving the way for elections this year.

through more targeted subsidies. The spending plan will have to be tabled again after elections are held, Finance Minister Zafrul Aziz told local media on Friday, citing the 1999 early polls as precedent. "We advise investors to stay defensive in view of election uncertainty and concerns over global recession," she said.

 

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