PUTRAJAYA, July 3 — Efforts to strengthen the value of the ringgit should involve several government ministries and not solely depend on the Finance Ministry alone, said Deputy...
PUTRAJAYA, July 3 — Efforts to strengthen the value of the ringgit should involve several government ministries and not solely depend on the Finance Ministry alone, said Deputy Finance Minister Datuk Seri Ahmad Maslan.
Among those ministries are the Ministry of Investment, Trade and Industry and the Ministry of Tourism, Arts and Culture to help especially in terms of investment and tourism, he told reporters after distributing the sacrificial meat in conjunction with the Aidiladha celebration to the staff of the Finance Ministry here, today.
Ahmad said that based on the briefing presented to him, one of the factors for the weakness of the ringgit is that there is less demand for the local currency. “So what needs to be done is for the ringgit to be used by various parties, whether investors or tourists, to overcome the weakness in the ringgit’s value,” he added. — Bernama pic
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