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Floating ringgit--Australia's exports to Malaysia more competitive.(NEWS)
Business Asia
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June 1, 2005
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COPYRIGHT 2005 First Charlton Communications Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Australia's lead government export agency, Austrade announced that the revaluation of Malaysia's exchange rate, the Ringgit, in July would increase the overall competitiveness of Australian exports.
Tim Harcourt, Austrade's chief economist said Australia's small-to-medium-sized enterprises (SMEs), especially in price sensitive areas such as agribusiness will gain now the Ringgit has been 'depegged'.
"The floating exchange rate will now be measured by a basket of currencies, which means the resulting revaluation in the Ringgit should make Australian exports ...
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 "The Birmingham Post (England)")
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Divine Guido's light of amazing grace; The 'Divine' Guido. by Richard Spear (Yale, pounds 40.00). Reviewed by Richard Edmonds.
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