KUALA LUMPUR, July 10 (Bernama) -- The government remains committed and focused in efforts to implement policies for structural reforms and fiscal strengthening over the long term, according to the Finance Ministry (MoF).
The ministry said this is expected to enhance Malaysia’s long-term foreign investor appeal, which will in turn contribute towards the strengthening of the ringgit.
“Furthermore, Malaysia has continued to be successful in attracting foreign investments with approved investments surging in the first quarter of this year.
“This development reflects the growing investor confidence in our national economic growth outlook and efforts made by the government,” it said in a written parliamentary reply posted late yesterday.
This inflows of foreign funds and investments are expected to continue and help in supporting the ringgit, the ministry said in reply to a query from Ahmad Fadhli Shaari (PN-Pasir Mas) who wanted to know about government measures to ensure the ringgit’s continued stability and a consistent flow of foreign investments via the country’s equity market.
With regard to this, MoF said Bank Negara Malaysia will continue to implement appropriate measures to ensure the stability of the domestic currency and foreign exchange market.
“This includes interventions to stem currency movements that are deemed excessive,” it added.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
