Malaysia ringgit rally: Importers cheer, tourism braces for slowdown, Singaporeans unfazed

JOHOR BAHRU/SINGAPORE: The Malaysian ringgit’s rally to its highest level against the United States dollar in over a year has been a boon for Malaysian garment maker Chua Hunt. Chua’s company, D&R Garments Manufacturing, has a factory in Xiamen, China, and the stronger ringgit has made it cheaper to import fabrics, allowing the firm to secure higher-grade materials at better prices. “This cost improvement has meaningfully offset any headwinds from exports,” said Chua, D&R’s chief executive. “At the strategic level, this reinforces our commitment to quality upgrades and better margins, strengthening our company’s position.” The company plans to take advantage…