The ringgit has stabilised and rose 4.6 per cent as at July 21 against the US dollar from the beginning of this year, the Dewan Rakyat was told today.
Second Finance Minister Datuk Seri Johari Abdul Ghani said the increase was attributed to several factors, including the rise in the Brent crude oil prices in the first six months of this year and the inflow of non-resident portfolio funds into the Malaysian financial market.
As with any currency exchange rate movement, he said this would generate profits or losses to a particular sector as a stronger ringgit would reduce the cost of doing business with high-import content, reduce the prices of imported goods and further promote domestic spending.
He said the appreciation of the ringgit since the beginning of this year was attributed to the increasingly positive Malaysian economic indicators, namely higher export growth and higher Gross Domestic Product (GDP).
"The increasingly favourable economic activity also helped boost investor sentiment and further support the strengthening of the ringgit," he said when responding to a question from Datuk Seri Ahmad Hamzah (BN-Jasin).
At 9 am, the local unit stood at 4.2815/2855 against the greenback compared with last Friday's close of 4.2820/2850.
In addition, Johari said market development measures introduced at the end of 2016 and in April 2017 by the Financial Market Committee and Bank Negara Malaysia also contributed to the stability of the ringgit and played a role in balancing supply and demand of foreign currencies in the local currency market.
He said the impact of market development measures introduced in late 2016 could be seen where non-deliverable forward activity contracts in offshore markets decreased, while the ringgit volatility was significantly reduced.
To another question from Ahmad on the double impact of crude oil prices, Johari said the Brent crude oil price rose to US$52.20 per barrel in the first six months of 2017 from US$ 40.16 per barrel in the same period a year ago.
The increase was also to due to production cut by major oil-producing countries to avoid falling prices besides a recovery in global demand, Johari said.
"Although Brent oil price plunged to US$48.42 a barrel in January 2015 and continued to remain low until the end of 2016, Malaysia's economy recorded a strong growth of five per cent in 2015 and 4.2 per cent in 2016," he said.
Johari said the growth was supported by diverse economic structures where the services sector contributed 54.3 per cent to GDP followed by the manufacturing sector at 23 per cent and the mining sector at nine per cent.
-- BERNAMA
Bernama
Mon Jul 24 2017
![Ringgit stabilises, continues uptrend - Johari Ringgit stabilises, continues uptrend - Johari](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-01/81484098928_CurrencyRates.jpg)
Johari says the increasingly favourable economic activity also helped boost investor sentiment and further support the strengthening of the ringgit. - Photo for illustration purpose
![Suspek kes kematian Nur Farah Kartini direman tujuh hari Suspek kes kematian Nur Farah Kartini direman tujuh hari](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/51721098519_suspekbunuhNurFar.jpg)
Suspek kes kematian Nur Farah Kartini direman tujuh hari
Perintah reman terhadap suspek lelaki berusia 26 tahun itu dikeluarkan Hakim Nurul Mardhiah Mohammed Redza.
Impact of cloud complexity on cybersecurity risk and AI's role in this mix
Organizations who are adopting multi-cloud or hybrid cloud environments are having to navigate new complexities that emerge as they expand on cloud. As these cloud environments lead to the expansion of attack surfaces, a global survey conducted by Gigamon found that 93% of IT and security leaders predict cloud security attacks will increase this year.
[Data & Statistik] Prestasi Bursa Malaysia setakat 16 Julai 2024
Jumlah dagangan meningkat kepada 5.36 bilion unit bernilai RM3.95 bilion daripada 4.58 bilion unit bernilai RM3.72 bilion pada Jumaat.
[Data & Statistik] Kedudukan MYR berbanding SGD setakat 16 Julai 2024
Niaga AWANI bawakan prestasi terkini prestasi MYR berbanding SGD.
[Data & Statistik] Prestasi ringgit setakat 16 Julai 2024
Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata walaupun ringgit merosot, kontrak niaga hadapan Dana Fed menunjukkan bahawa penurunan kadar faedah mungkin akan berlaku pada September depan.
![Sekurang-kurangnya 4 maut, insiden tembakan di masjid di Oman Sekurang-kurangnya 4 maut, insiden tembakan di masjid di Oman](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721096727_RoyalOmanPolice.jpg)
Sekurang-kurangnya 4 maut, insiden tembakan di masjid di Oman
Beberapa orang turut cedera akibat terkena tembakan di sekitar masjid di Wadi al-Kabir, Muscat.
![Penjara menanti pesalah MH17 jika keluar dari Rusia - Pendakwa raya Penjara menanti pesalah MH17 jika keluar dari Rusia - Pendakwa raya](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-03/61647267418_Reconstructionofth.jpg)
Penjara menanti pesalah MH17 jika keluar dari Rusia - Pendakwa raya
Menurut Digna van Boetzelaer, kerajaan Belanda tidak pernah meminta ekstradisi mereka kerana Rusia tidak mengekstradisi rakyatnya sendiri.
E-invois dibimbangi tekan pengusaha PKS
Isu yang timbul ialah pengetahuan dan kos tinggi yang diperlukan untuk melaksanakannya, termasuk kos latihan dan penambahbaikan sistem dan perisian.
Tawaran pengambilalihan MAHB dimuktamad suku ketiga 2024 - MOF
Tawaran pengambilalihan Malaysia Airports Holdings Bhd (MAHB) dijangka akan dimuktamadkan pada suku ketiga tahun ini dan ia perlu dipersetujui oleh sekurang-kurangnya 90 peratus pemegang saham sedia ada MAHB.
Kementerian Kewangan berkata memandangkan tawaran itu merupakan satu urusan transaksi komersial, maka ia tidak mendatangkan sebarang implikasi kewangan kepada kerajaan.
Kementerian Kewangan berkata memandangkan tawaran itu merupakan satu urusan transaksi komersial, maka ia tidak mendatangkan sebarang implikasi kewangan kepada kerajaan.
![[KOLUMNIS] Masa depan industri perhubungan awam: Memperkukuh kepercayaan, keterlibatan melalui integriti, inovasi [KOLUMNIS] Masa depan industri perhubungan awam: Memperkukuh kepercayaan, keterlibatan melalui integriti, inovasi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61721096314_MohdSaidBaniCM.jpg)
[KOLUMNIS] Masa depan industri perhubungan awam: Memperkukuh kepercayaan, keterlibatan melalui integriti, inovasi
Dengan sokongan tiga pertubuhan utama, ekosistem ini hadapi cabaran signifikan, namun berpotensi besar untuk berkembang dan berinovasi.
![Kerajaan salur RM170.81 juta geran menerusi program Agropreneur Muda sejak Januari 2016 Kerajaan salur RM170.81 juta geran menerusi program Agropreneur Muda sejak Januari 2016](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-04/71617528856_DatukSeriAhmadHam.jpg)
Kerajaan salur RM170.81 juta geran menerusi program Agropreneur Muda sejak Januari 2016
Kerajaan Persekutuan menyalurkan geran berjumlah RM170.81 juta kepada seramai 8,366 penerima di bawah program Agropreneur Muda di seluruh negara sejak Januari 2016 hingga November tahun ini.
![Cocotech 2022: Malaysia tuan rumah persidangan industri kelapa dunia Cocotech 2022: Malaysia tuan rumah persidangan industri kelapa dunia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-11/51667817759_MAFI.jpg)
Cocotech 2022: Malaysia tuan rumah persidangan industri kelapa dunia
Ia berlangsung selama lima hari sehingga 11 November ini di Pusat Konvensyen Kuala Lumpur (KLCC).
![Kerajaan pertimbang beri kebenaran eksport ayam semula Kerajaan pertimbang beri kebenaran eksport ayam semula](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-10/41664634310_TBAYAM.jpg)
Kerajaan pertimbang beri kebenaran eksport ayam semula
Kerajaan akan mempertimbangkan untuk memberi semula kebenaran mengeksport ayam ke luar negara, berikutan bekalan dalam pasaran negara kembali stabil selain pengeluarannya melebihi permintaan.
![MAHA 2022 platform pamer teknologi terkini bidang pertanian, makanan negara MAHA 2022 platform pamer teknologi terkini bidang pertanian, makanan negara](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-07/41658612066_MAHA.jpg)
MAHA 2022 platform pamer teknologi terkini bidang pertanian, makanan negara
Antara teknologi yang bakal dipamerkan pada MAHA 2022 dengan bertemakan 'Sekuriti Makanan Untuk Masa Depan' itu termasuk 'foodscaping' melibatkan gabungan tanaman boleh dimakan dan herba.
![NAFAS, LPP dibenar import bekalan ayam NAFAS, LPP dibenar import bekalan ayam](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-07/81658005084_DatukSeriSulaiman.jpg)
NAFAS, LPP dibenar import bekalan ayam
Ketika ini, antara negara pengeluar bekalan ayam diberi kelulusan adalah termasuk Thailand, China, Brazil dan Belanda.
![Harga siling ayam: Situasi menang-menang buat pengguna, penternak Harga siling ayam: Situasi menang-menang buat pengguna, penternak](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-06/41656141053_ayam.jpg)
Harga siling ayam: Situasi menang-menang buat pengguna, penternak
Penetapan harga siling bagi penjualan ayam adalah satu pendekatan situasi menang-menang buat pengguna dan juga penternak, kata Timbalan Menteri Pertanian dan Industri Makanan Datuk Seri Ahmad Hamzah.
![Maha 2022 di Selangor dijangka terima sambutan menggalakkan Maha 2022 di Selangor dijangka terima sambutan menggalakkan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-06/51654779965_TBmaha.jpg)
Maha 2022 di Selangor dijangka terima sambutan menggalakkan
Pengunjung mungkin teruja untuk ke ekspo itu memandangkan sudah empat tahun ia tidak diadakan.
![Musang King harga mampu milik antara tarikan Penang FAMA Fest 2022 Musang King harga mampu milik antara tarikan Penang FAMA Fest 2022](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2017-03/81489507264_MusangKing.jpg)
Musang King harga mampu milik antara tarikan Penang FAMA Fest 2022
Program yang berlangsung selama lima hari bermula Rabu lepas itu turut menawarkan jualan buah-buahan bermusim RM30 bagi setalam di laman durian yang disediakan.
![Bekalan ikan pulih mulai bulan ini - MAFI Bekalan ikan pulih mulai bulan ini - MAFI](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-06/51654311899_PestaOrkidFlorad.jpg)
Bekalan ikan pulih mulai bulan ini - MAFI
Peningkatan hasil pengeluaran itu dijangka berterusan sehingga ke kemuncaknya pada Oktober.
![MAFI sasar bantu 750 usahawan, sedia RM15 juta Geran Agropreneur Muda MAFI sasar bantu 750 usahawan, sedia RM15 juta Geran Agropreneur Muda](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-03/81648308421_DatukSeriAhmadHam.jpg)
MAFI sasar bantu 750 usahawan, sedia RM15 juta Geran Agropreneur Muda
Datuk Seri Ahmad Hamzah berkata, bagi tujuan itu MAFI menyediakan GAM sebanyak RM15 juta.