Ringgit among most exposed to global FX volatility: StanChart
LIMA (April 17): The Russian ruble, Malaysian ringgit and Indonesian rupiah rank as most exposed emerging-market currencies to "common" volatility, Lemon Zhang, strategist at Standard Chartered, writes in note.
* Ranking in order: RUB, MYR, IDR, COP, SGD, CNH, TWD, BRL, CZK, KRW, PLN, HUF, ZAR, CLP, MXN, THB, INR, TRY and PHP
* RUB’s 3-month 25-delta risk reversals rose above model value
** Says TWD’s 3-month 25-delta risk reversals look cheap
** SGD will probably appreciate against USD
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KUALA LUMPUR: Not all products and services will be imposed the sales and services tax (SST) to be revived on Sept 1 this year, said Finance Minister Lim Guan Eng yesterday.
Guan Eng said in a statement yesterday the sales tax, to be applicable to selected manufactured and imported products, will have two different rates of 5% and 10% for different products.
“The 6% service tax applies to selected services and not all services, unlike the goods and services tax (GST),” he said.