Ringgit to strengthen in 2024 on structural reforms, positive growth prospects, says BNM

KUALA LUMPUR, March 25 — The ringgit is in a good position to strengthen in 2024, propelled by structural reforms and positive growth prospects, said Bank Negara Malaysia (BNM)...

MCRA: Govt’s plan to delete ‘PR’ in Malaysia’s citizenship laws will affect ‘red IC’ natives’ children the most, remove foundlings’ protection

He expressed optimism that Malaysia’s economy will grow between 4.0 per cent and 5.0 per cent this year from 3.7 per cent last year, buoyed by household spending and private consumption. “We are seeing some positive support from them, and we hope that this behaviour will continue because this will provide the necessary flows into our foreign exchange market,” he said.

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