Reduce imports, raise exports to save ringgit, say politicians

Alfian Z.M. Tahir Mohd Farhan Darwis

Parti Sosialis Malaysia secretary-general A. Sivarajan says Malaysia should double its efforts to export more products since the value of the ringgit is low to increase the nation’s external trade. – The Malaysian Insight file pic, September 28, 2022.

PUTRAJAYA should take measures to increase domestic production and reduce imports, especially food products, to improve local trade that would eventually strengthen the ringgit, politicians from both sides of the divide said.

They told The Malaysian Insight that pegging the ringgit will not solve the current problem and would only lead to more trouble for the country’s economy.

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