Malaysia Companies Brace for Costly Fallout as Ringgit Hits a 26-Year Low

(Bloomberg) — Malaysian businesses are paying a high price for their country’s weak currency that is making importing material and servicing foreign debt more costly.

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With the ringgit hitting a 26-year low, industries from airlines to raw material-intensive sectors are particularly at risk, according to S&P Global Ratings.

The ringgit has slid to its lowest level since…