The ringgit’s surge to RM3.89 against the US dollar reflects strong confidence in Malaysia’s economic fundamentals and the government’s policy direction.
KUALA LUMPUR: The ringgit’s surge to RM3.89 against the US dollar, its highest level in nearly eight years, signals growing confidence in Malaysia’s economic fundamentals.
Political Secretary to the Prime Minister Datuk Ahmad Farhan Fauzi said the performance underscores Prime Minister Datuk Seri Anwar Ibrahim’s success in ensuring political stability and consistent economic policy.
“Measures to manage the national expenditure in a disciplined manner, curb leakages and strengthen governance have helped create a conducive environment for investors and the business community,” he said in a Facebook post.
He added that rising foreign investor confidence is opening new job opportunities and attracting high-value investments in key sectors like technology and renewable energy.
Ahmad Farhan stated that as more international companies choose Malaysia, economic opportunities for youth and local entrepreneurs will continue to expand.
The strengthening ringgit also brings tangible positive impacts to daily life by helping ease the cost of importing essential goods and contributing to price stability.
“This situation gives the government room to continue expanding assistance and social protection without adding financial burdens on the people,” he said.
He emphasised that the local unit’s strength is not merely a financial market figure but a clear indication that government efforts are yielding concrete results.
“The ringgit’s continued strengthening sends a very clear message. Economic policies implemented wisely, consistently and with integrity are capable of restoring confidence and delivering direct benefits to the people,” he added.