Ringgit at its strongest in 14 years, says Anwar

Ringgit at its strongest in 14 years, says Anwar

Government policies and collective efforts to develop the country are behind the ringgit's strength, Sabah PKR convention told.

PKR president Anwar Ibrahim at the Sabah PKR convention in Kota Kinabalu today. (Bernama pic)
PETALING JAYA:
The ringgit is currently at its strongest level in 14 years as a result of the government’s policies and collective efforts to develop the country, said prime minister and PKR president Anwar Ibrahim today.

Speaking at Sabah PKR’s convention, he said that although the opposition often claimed the currency was declining, the ringgit had shown positive recovery trends since the current government took office.

“The ringgit is also the strongest in Asia. Why? It’s not because of me. It’s due to government policies and our consensus,” said Anwar, who is also chairman of Pakatan Harapan and head of the unity coalition government.

“Investments are flowing in, and if you look at decades of records, those who have been in the federal government know that there has never been such a response (from investors),” he said.

Anwar said his efforts while representing Malaysia internationally were focussed on promoting the states, including Sabah, as major investment hubs, especially in tourism.

“In every place I visit, whether China, Japan, or Germany, I always point out that there are investment opportunities in oil and gas, tourism, new technology, and energy transition, including in Sabah. I represent both Malaysia and Sabah,” he said.

Anwar urged the people of Sabah not to be deceived by those who exploit the Sabah for Sabahans sentiment merely for personal gain.

“We must work together to address the people’s issues such as extreme poverty, water and electricity supply, flooding and damaged roads. If (a leader) claims ‘Sabah for Sabah’, ask him whether Sabah is truly for its people or just for ‘tauke balak’ (timber tycoons) and projects,” he said.

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