Malaysian stocks, ringgit fall on political crisis

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KUALA LUMPUR (The Star/ANN): Malaysia’s stocks plunged and the ringgit fell on Monday (Feb 24) morning on a series of news that there may be a realignment of the ruling coalition and change of government.

At noon close, the key stock index KLCI fell 38.94 points or 2.61% to 1492.94 points – below the psychological level of 1,500 for the first time this year.

“The persistent uncertainty associated with an unstable political environment has undermined investor confidence, weakened consumer sentiment and reduced pace of economic development.” Last Friday night, there was an important meeting of top leaders of Pakatan headed by Tun Dr Mahathir Mohamad, who had been pressured to fix a date to pass the premiership to Anwar.

Dr Mahathir’s men reportedly had tried to solicit support of MPs for a mandate for the 94-old leader to stay on as premier until the next general election.

 

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Thanks to the culprits behind the PH debacle, we know who you are. Do not set foot in Putrajaya ever again.

Time orang nak pegi Venice lah dia nak jatuh

Ntah la nak labur ke xnak hahahaha. Keraguan betul. Mak aku labur skrh pon xutg die ckp semenjak tukat parti ni. Bukan ape la some of rakyat malaysia ni tlg la rajin. Tiru negara2 maju, especially jiran kite singapore. N some of ahli kejaraan jgn la keje rasuah je.

Buy. Buy. Buy.

They just want Malay power for handling Malaysia. Handling MAS also fail. Handling govt UNI also fail, handling shops also fail... They want to handle Malaysia? They fail nvm, we will fail too. This can't go on. Switch here and there with crocodile tears and deceits.

Thanks to AzminAli Our economic minister

mraaj89 apa implikasinya?

Meleis will say... Dari dulu lagi dah jatuh.... Or Ade ringgit climb ke?.... Or baru saja tau, tidor ke..?... Well if they din say it here they sure will on other posts. No bother mentioning this to them, they won't know how it wills, got govt back them up with brims etc..

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