Zafrul: Country not in crisis


KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz says the weak ringgit does not automatically imply that the country is in an economic crisis.

However, he also noted that there was a need to brace for any possible slowdown in major global economies next year and that this would need to be addressed in the coming Budget 2023.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Boustead eyes RM30bil revenue in five years
Heineken Malaysia 2Q hit by softer demand
UOB sells asset management unit to Allianz
CPE Technology buys machinery worth RM21mil
Kelington unit to invest RM120mil in India ASU plant
Frontken’s 2Q net profit jumps to RM47.72mil
Pantech margins to� widen on upgrades�
Yuan hits strongest level in years as tensions grow
First bet from Europe’s new US$6bil fund is Finnish space startup
Nestcon bags RM243mil job in Penang

Others Also Read