MASTER Builders Association of Malaysia (MBAM) wants the Government to consider re-pegging the ringgit to a more competitive rate to reflect the currencys true value.
The re-pegging from the present RM3.80 per US dollar would reduce the import duty on materials, machinery and equipment, it said in a statement issued at an annual dialogue with International Trade and Industry Minister Datuk Seri Rafidah Aziz in Kuala Lumpur yesterday.
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