Adopt 'Malaysia First' attitude to strengthen ringgit, says Finance Ministry

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(Reuters) - Fenerbahce will consider withdrawing from the Turkish top flight after some of their players were attacked by Trabzonspor fans following their weekend away win, the Super Lig club said on Monday.

KUALA LUMPUR: The government urges all parties to work together and take a whole-of-nation approach to strengthen the value of the ringgit, says the Finance Ministry.

"This includes buying domestic goods, as well as investing in the domestic capital market. More tourism campaigns in the country also need to be introduced and improved,” it said. It said various concrete measures have been and are being taken by the government and Bank Negara Malaysia to deal with the fall in the value of the ringgit, including ensuring that the domestic foreign exchange market remains orderly while monitoring the conversion of export proceeds into ringgit by exporting companies.

It added that the impact of the depreciation of the ringgit is higher on imported goods, including food which includes meat and dairy, fish and seafood, fruits and vegetables.

 

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