Bank Negara: Structural reforms crucial


Abdul Rasheed reiterated that the recent decline in the value of the ringgit was “temporary”.

PETALING JAYA: While Bank Negara remains committed to playing its part in preserving confidence in the ringgit, it reiterates that structural reforms are still key to the long-term strengthening of the local currency.

The central bank pointed out that they are crucial not only to ensure stronger and more sustainable economic growth, but they are also need to raise Malaysia’s competitiveness and raise the standard of living of the people.

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

Next In Business News

Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena
KL High Court dismisses appeals of former Jalatama officers
Well Chip posts FY25 net profit jump to RM86.15mil
Angkasa targets 2026 revenue to reach up to RM75bil
Aeon Credit issues RM100mil five-year senior sukuk
Late bargain-hunting lifts Bursa Malaysia to end higher
Net foreign inflows into Malaysian bonds reach RM951.9mil in January - RAM Ratings
Wawasan Dengkil's 2Q net profit falls due to revision of project costs

Others Also Read