Zafrul: Trade, investment targets in 2024 achievable despite ringgit's depreciation

Publish date: Thu, 22 Feb 2024, 01:52 PM

KUALA LUMPUR: The government is optimistic that the trade and investment targets set for this year are achievable despite the ringgit's current depreciation versus the US dollar since many other major fundamentals remain attractive and appealing to global investors.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said investors would look at the long-term outlook and fundamentals in making their decisions.

"Ringgit is one of the major factors. They want to see the stability of the ringgit and I think we are within the stable range," he told reporters after launching BYD Malaysia's latest electric vehicle marque, BYD SEAL. -Bernama

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