SINGAPORE (Mar 19): The ringgit’s resurgence against the US dollar was among the highlights of 2017 for Malaysia, but it was another setback for Cahya Mata Sarawak (CMS). Asia’s second best performer, the Malaysian currency appreciated 10.9% against the greenback, delivering heavy foreign exchange losses to CMS’ 25% associate OM Materials (Sarawak) and derailing expectations for breakeven at least.

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