# Business Sector Should Not Depend Just On Ringgit's Value To Be Competitive – Tengku Zafrul

> Finance Minister Tengku Zafrul said businesses should not rely on a weaker ringgit to stay competitive and should focus on productivity. He noted the ringgit had depreciated 0.5 percent against the dollar so far this year.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51358-business-sector-should-not-depend-just-on-ringgit-s-value-to-be-competitive
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

This is a policy statement with no direct supply or demand effect on feed commodities. It signals the government is not planning active intervention to support the ringgit.

## Sources

- mof.gov.my: https://www.mof.gov.my/portal/en/news/press-citations/business-sector-should-not-depend-just-on-ringgit-s-value-to-be-competitive-tengku-zafrul

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.