BALIK PULAU, February 16 — The Ministry of Finance is assessing whether the ringgit’s 14 per cent appreciation against the US dollar since early last year could lead to lower prices for imported goods.
With Finance Minister II Amir Hamzah Azizan saying the government is working with the Ministry of Domestic Trade and Cost of Living to ensure importers pass on cost savings to consumers.
While noting that not all prices may decline due to existing cost structures, he said Malaysia’s strong GDP growth of 6.3 per cent in the fourth quarter and 5.2 per cent for the full year reflects economic resilience and improved consumer confidence.
As Putrajaya continues focusing on long-term reforms and targeted aid.
