Bank Negara, govt act to support ringgit

Abdul Rasheed said the engagements with GLCs and GLICs are to encourage more consistent repatriation and conversion of their foreign investment income.

PETALING JAYA: Bank Negara governor Datuk Abdul Rasheed Ghaffour says the central bank and the government are elevating their engagement with government-linked companies (GLCs) and government-linked investment companies (GLICs) to support the ringgit.

Abdul Rasheed said the engagements with GLCs and GLICs are to encourage more consistent repatriation and conversion of their foreign investment income.