PM Anwar: Ringgit at a good level after fine first-quarter growth


  • Forex
  • Tuesday, 28 May 2024

KUALA LUMPUR: The value of the ringgit is currently at a good level following the encouraging gross domestic product (GDP) for the first quarter of 2024, said Prime Minister Datuk Seri Anwar Ibrahim.

At 9 am today, the ringgit continued to strengthen to 4.6900/6950 against the US dollar, up from 4.6940/6990 on Monday.

"(The ringgit at RM4.69 this morning) is okay, the figures are strengthening and generally good.

"Our economy is thankfully good in the first quarter," he told reporters after the keynote address at the Global Forum on Islamic Economics and Finance (GFIEF) today.

Malaysia's economy grew at a higher rate of 4.2 per cent in the first quarter of 2024 compared to 2.9 per cent in the fourth quarter of 2023, driven by stronger private spending and positive export growth. - Bernama

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

Next In Business News

Bank Negara says ready to curb ringgit volatility
Asian markets get respite due to lull in tariffs news, dollar
Gold off record highs as Powell's comments douse rate-cut hopes
Genting Malaysia, Inari removed from MSCI Malaysia Index
Steel Hawk wins contract from PETRONAS to supply manpower services
Maybank Asset Management launches Global Tech Fund to tap AI megatrends
Fast-food giants deepen market reach in 2024
Services sector revenue up 6.3% to record high of RM2.4 trillion in 2024 - DoSM
Oil prices retreat after report of US crude stockpile rise
Binastra unit accepts RM250.37mil data centre job in Cyberjaya

Others Also Read