Malaysia Current Event & Issue Malaysian Ringgit 'Float' Re-pegging.

Malaysian Ringgit 'float' re-pegging. Similar to capital control lifting, this will give good effect in the long run in attracting oversea investment.

On immediate effect: After float re-pegging, Malaysian Ringgit only gain a value (2-3%) against US dollar, lower than generally expected. Until there some substantial gain, probably around 8%, I believe the 'speculation money " invested in Bursa Malaysia will stay.

Crude oil price: still rising and there's no sign of easing.