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Market confidence in Malaysia remains strong amid Covid-19 pandemic, says Finance Minister | Malay Mail

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KUALA LUMPUR, Sept 22 — While the world grapples with Covid-19, market confidence in Malaysia remains strong, particularly from foreign investors, based on investments of RM23.1 billion in the bond market up till August, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the...

Tuesday, 22 Sep 2020 05:05 PM MYT

He said the ringgit had also emerged as one of the strongest currencies in Southeast Asia, driven by the government’s ongoing initiatives in managing Covid-19. “In addition, initiatives by the Northern Corridor Implementation Authority are also targeting to increase the economy of the Northern Corridor Economic Region by RM300 billion through the initiatives outlined in the newly launched NCER Strategic Development Plan 2021-2025,” he said in a statement today.

Meanwhile, he said the economic recovery efforts affected by the spread of Covid-19 would be enhanced through a series of Budget 2021 engagements that had been and were being actively carried out by the Finance Ministry’s team to obtain feedback and input from all walks of life.

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