Govt, Bank Negara taking action to encourage flows into forex market

KUALA LUMPUR: The government and Bank Negara are undertaking coordinated action to further increase flows into the foreign exchange market, says Bank Negara governor Datuk Abdul Rasheed Ghaffour.

The governor said it has elevated its engagements with government-linked companies (GLC) and government-linked investment companies (GLIC) to encourage more consistent repatriation and conversion of their foreign investment income.