Clarity of government policy helps attract investment, strengthen value of ringgit - PM

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Clarity of government policy helps attract investment, strengthen value of ringgit - PM
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SINGAPORE (The Straits Times/Asia News Network): The family of a young Malaysian chef who was badly injured in a road accident in Singapore is raising funds to cover his hefty hospital bills, which have ballooned to S$125,000.

KUALA LUMPUR: The clarity of policies, including for the Madani economy, the National Energy Transition Roadmap and the New Industrial Master Plan 2030 , can help in attracting investments and strengthening the value of the ringgit, said Prime Minister Datuk Seri Anwar Ibrahim.

"The value of the ringgit does not depend on fundamentals such as good growth, good investment, falling inflation or falling unemployment rates, the falling value of the ringgit is not in line with the economic policies introduced by the government. Meanwhile, the government through Bank Negara Malaysia has also implemented short-term measures to ensure that the ringgit's adjustment is in order.

"In fact, China has welcomed it, 20 to 28 percent of the large investments, actually tens of billions, do not use US dollars but the ringgit, so this the ringgit, the same with Thailand.

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