Sarawak premier: Strengthening ringgit by increasing exports can help Malaysia sail through Covid-19 recession

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KUCHING, June 25 — Malaysia can breeze through this coming post Covid-19 recession by strengthening the value of the ringgit through increasing its exports. This is because the...

KUCHING, June 25 — Malaysia can breeze through this coming post Covid-19 recession by strengthening the value of the ringgit through increasing its exports.

At the same time, he revealed that he anticipated that the economic recovery phase would be affected post Covid-19, unless the government injects capital into the economy. “This will ensure the project will continue on and not affect job employment. We have also injected our State Budget to ensure that our economy continues to move.” However, only one thing that affects the people, which is the price hike of products as many food items are imported and currently the ringgit is weak, resulting in high import cost. And this high import cost will be transferred to the consumers, he said.

 

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