Mohamad Sabu hopes for further strengthening of ringgit, lower food import cost


Parti Amanah Negara (Amanah) president Mohamad Sabu – Bernama

KULIM: Parti Amanah Negara (Amanah) president Mohamad Sabu (pic) has expressed hope that the ringgit currency will continue strengthening, thus reducing the cost of food imports.

The newly-minted Agriculture and Food Security Minister also hoped that the strengthening trend of the ringgit which was visible after the 15th General Election (GE15) would continue.

"The change of government and the appointment of the Prime Minister (Datuk Seri Anwar Ibrahim) have seen a sharp increase in our currency and we hope it will maintain and continue to improve in the future.

"The cost of food imports will be cheaper if our currency continues to strengthen, that is our hope and the increase is indeed incredible within 10 days after the election,” he told reporters here Friday (Dec 2) night.

He said despite being expected to weaken to RM5.00 against the US dollar this month, the ringgit strengthened to RM4.40.

On the announcement of the new Cabinet line-up, Mohamad said the Prime Minister had kept his promise to form a smaller Cabinet involving only 28 ministers in his administration.

Asked if Amanah was satisfied with the number of Amanah representatives in the Cabinet, he said yesterday’s announcement only involved ministers and it would be followed by deputy ministers.

Earlier, Mohamad attended a ceramah programme for the GE15 in Padang Serai which was also attended by Kedah Pakatan Harapan chairman Datuk Mahfuz Omar and Kedah Barisan Nasional chairman Datuk Seri Jamil Khir Baharom. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Nation

Noh Omar suspended from Umno for six years
Elderly man killed in fight over RM250 debt in Kepong
KTMB offers 25% discount via 'Sama-Sama Travel' campaign
Cops expect 40,000 visitors at Perak CNY event
Siti Bainun: I’ve never stepped on or kicked Bella’s stomach
Floods: Evacuees at relief centres in Muar allowed to go home
Stop warning teachers who criticise on social media, says Fadhlina
US President Biden congratulates Anwar, commends Malaysia's inspiring democracy
Umno leaders arriving for highly anticipated supreme council meeting
Flash flood warning issued for six states from Jan 27 night

Others Also Read