Ringgit anticipated to trade higher ahead of 12MP tabling in Parliament | Malay Mail

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KUALA LUMPUR, Sept 25 — The ringgit is expected to trade higher next week as sentiment is likely to improve supported by the tabling of the much-awaited 12th Malaysia Plan 2021-2025 (12MP). The 12PM will be tabled in the Parliament on Monday (September 27), covering welfare, income gap, social...

KUALA LUMPUR, Sept 25 — The ringgit is expected to trade higher next week as sentiment is likely to improve supported by the tabling of the much-awaited 12th Malaysia Plan 2021-2025 .

Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed the prolonged pandemic crisis has transformed the government’s spending pattern, which is now more focused on post-pandemic developments for the next five years. Despite no changes made to the existing pace of asset purchases of US$120 billion per month for now, tapering may conclude in mid-2022.

The debt-ridden Evergrande has been weighing on investor sentiment for most of the week, benefitting the US dollar.

 

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