"The fluctuating Ringgit will not only have a bearing on international
"The decline in the Ringgit's value is not something for Malaysia to be proud of. It's undeniable that it can have repercussions on the nation's economy, and even the World Bank had reportedly warned that the strengthening of the US currency could pose a threat to the world's economic performance," he told Bernama.
"Malaysia is a trading nation, as
"There are some who strongly feel that we should become an exporting nation and use only local goods and services. But is this possible? Can our country afford to be that independent (without having to depend on imports)?" he asked.
"There's little point in the nation garnering an income of RM104 billion from the tourism industry when millions of Malaysians are experiencing the negative effects of the Ringgit's depreciation," he added.