Further liberalisation of FEA timely

Oleon (Asia-Pacific) Sdn Bhd finance manager Henry Chin said the liberalisation measures would help reduce the cost of doing business in Malaysia, therefore attracting more foreign direct investment (FDI) into the country.

PETALING JAYA: Further liberalisation of the foreign exchange administration (FEA) policies by Bank Negara is a big positive move and timely as it can support Malaysia’s economic revival post-Covid 19 pandemic.

This is a very good news indeed to multinational companies (MNCs) in the country, given greater flexibilities accorded to the export-oriented industries to secure better business operations, cash flow and foreign exchange (forex) risk management.