By KATHY FONG PETALNG JAYA: There is no pressing need for the authorities to lift the ban on offshore trading in the ringgit that was imposed in September 1998, according to economists and currency strategists. "There is no hurry to push for it (offshore ringgit trading)," said CIMB Research chief economist Lee Heng Guie, who forecast the ringgit would reach 3.10 against the US dollar by the end of next year. Given the recent turmoil caused by rising defaults in the US subprime mortgage loans, Lee said he...
photo: WN/Denise File
