The Finance Ministry said the government would also continue to carry out policies to improve the investment climate and national productivity to enhance Malaysia’s long-term appeal for foreign direct investment and foreign portfolio investment.
The ministry was replying to Senator Mohd Apandi Mohamad who asked about measures taken by the government to stabilise the ringgit vis-a-vis the US dollar. It noted that factors that could strengthen the ringgit included global market stability, positive investor sentiment and higher foreign exchange acceptance firmly supported by the country’s core economic activities.
About time, our neighbours Thailand has 500bil USD foreign reserve and Singapore has almost 1 trillion USD. Malaysia has only 100bil USD for a country of our status we should have more.
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