Weak ringgit set to attract more foreign tourists

“Malaysia has all the good ingredients to attract tourists,” said Teo during the press conference of Reinventing Shopping Malls conference — SHAARI CHEMAT / THESTAR

PETALING JAYA: The weak ringgit remains an attractive point in attracting more tourists to the country, says Malaysia Shopping Mall Association president Tan Sri Teo Chiang Kok.

“International brands have a global pricing mechanism. Despite the shrinking ringgit, once tourists convert to their currency, the price will still be quite competitive,” Teo told the media at the Reinventing Shopping Malls conference.