PM expects ringgit to regain strength

  • Economy Premium
  • Tuesday, 24 Oct 2017

At 9 am(0100gmt), the ringgit was traded at 4.2940/2970 against the greenback from 4.2950/2990 on Wednesday.

KUALA LUMPUR: Datuk Seri Najib Tun Razak expects the ringgit to regain its strength and an appropriate market rate as the economy continues to perform well, which has been predicted by all forecasters.

In his economic vision statement issued on Tuesday, ahead of the unveiling of the Budget 2018 proposals on Friday, the Prime Minister said while it is true that the Ringgit weakened amidst the global turmoil and uncertainties since 2014, "but there have been positive aspects to that, as our exports and tourism boomed".

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights



Next In Business News

Shanghai stainless steel futures fall on weak downstream demand Premium
Quick take: ATA IMS jumps 23% following response to allegations Premium
US House passes bill to speed passage of debt limit increase Premium
Ringgit opens higher as Omicron revealed to be less deadly Premium
Berjaya Sports Toto's luxury car segment to cushion slower NFO recovery Premium
Investor caution on Bursa caps rebound momentum Premium
Trading ideas: Atlan, Cypark Resources, CIMB, Ireka, TAFI Industries and Yinson Premium
Study suggests Pfizer COVID-19 vaccine may only partially protect against Omicron Premium
Oil CEOs raise alarm over market's readiness to drop fossil fuels Premium
Oil rises 3%, extending rally as Omicron fears retreat Premium

Others Also Read