Tuesday, 22 Sep 2020 12:40 PM MYT
“Although the government would always ensure the financial market ran smoothly and in an orderly manner, the business sector should focus on increasing productivity and innovation as well as cost reduction,” he said. Therefore, the government would continue to focus on efforts to improve economic resilience by diversifying the sources of growth and strengthening the country's competitiveness and fiscal position.
“Amid a challenging global environment as well as uncertainties in the world's financial markets, the flexible ringgit exchange rate plays an important role to cushion against shocks from the changing external environment so that domestic economic activities are not adversely impacted.
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