News Article Comprehension 15

What is the primary reason for Malaysians cutting down on overseas travel plans, as mentioned in the article?

• Economic recession

• Weakened currency

• High travel costs

• Government travel restrictions

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Why are small food businesses in Malaysia raising prices, according to the information provided in the article?

• Increased demand for their products

• Fluctuations in raw material prices

• Government regulations

• Expansion of their businesses

Answer explanation

The article mentions that small food businesses are facing challenges and raising prices because the prices of imported raw materials, such as dried squid and chili paste, have increased.

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What impact does the depreciation of the ringgit have on the hospitality industry in Malaysia, according to the article?

• Increased tourism

• Improved profitability

• Downturn in profits

• Government incentives

Answer explanation

The article highlights that hoteliers are experiencing a downturn in profits due to the depreciation of the ringgit, making people more cautious with their spending on non-essential activities like travel.

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Why are businesses that import goods making losses, as per the information in the article?

• Decreased demand for imported goods

• Rising US dollar and fluctuating exchange rates

• Stable currency values

• Government subsidies

Answer explanation

The article explains that businesses importing goods are experiencing losses due to the rising US dollar and constantly fluctuating exchange rates, making previously received quotes invalid.

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According to the economist Dr. Yeah Kim Leng, what is the potential reason for the reversal of the ringgit's slide against the US dollar?

• Increased interest rates in the US

• Weakening of the US economy

• Government intervention

• Depreciation of other currencies

Answer explanation

Dr. Yeah Kim Leng suggests that the reversal of the ringgit's slide against the US dollar may be attributed to the deleterious effects of high interest rates in the US, indicating a weakening US economy.

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