Ahmad Maslan: Unfair to use ringgit-US dollar rate as sole gauge of state of economy

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Ahmad Maslan: Unfair to use ringgit-US dollar rate as sole gauge of state of economy
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KUALA LUMPUR, Nov 4 ― The ringgit’s value versus the US dollar should not be used as the sole gauge of the state of the economy, according to Deputy Finance Minister I Datuk...

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It is unfair for analysts to assess the economic situation simply based on this yardstick because there are other criteria that should be considered, he said before proceeding to cite five other indicators. “These are the real indicators. Moreover, the level of investments announced for the first half of this year is high. All these show our economy is on a solid footing with strong fundamentals,” he added.

Muslim Insiders president Professor Adam Richman said in a statement that the IDEA Award 2023 is a platform to recognise the outstanding efforts of Muslim entrepreneurs in Malaysia.

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