Calls for a solution for falling ringgit

"We know it is not easy to manage the currencies, but the entire industry and nation is facing the impact of the weakening ringgit", Federal of Malaysian Manufacturers president Tan Sri Soh Thian Lai for the Press Conference release of the FMM Business Conditions Survey 1H2023 results - MARIA IBRAHIM/The Star

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) has urged the government to come up with a solution for the weakening ringgit, following the uptrend in the cost of doing business in the first half of 2023 (1H23).

FMM president Tan Sri Soh Thian Lai said the major factors behind the increase were the global supply disruptions, the withdrawal of utility subsidies and the higher import cost due to the weakening ringgit against the dollar.