Manufacturers say rising costs, weak ringgit slowing recovery


Angie Tan

Federation of Malaysian Manufacturers president Soh Thian Lai says stabilising the ringgit is crucial to manage imports. – Facebook pic, March 23, 2023.

RISING costs of raw materials and fluctuations in the exchange rate are slowing down the recovery of the manufacturing sector, following the slump caused by the Covid-19 pandemic, the Federation of Malaysian Manufacturers (FMM) said.

FMM has just released its business conditions survey, which stated the sector did not fare as expected.


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