PM: Business, Consumer Confidence Now At Higher Level
15 views · Published 31 January 2018 · 1:56 · Indexed 21 October 2026
Channel: 7Edition · 2018 · News & Politics
The Prime Minister said the level of business and consumer confidence towards Malaysia, is now at a higher level, driven by a conducive current economic environment. After chairing UMNO's Supreme Council meeting on Tuesday, Datuk Seri Mohd Najib Tun Razak, who is also the party's president, said the impressive economic performance, proved the policies implemented by UMNO and the Barisan Nasional government, succeeded. Datuk Seri Najib said this, while noting that UMNO members at all levels were now in full state of preparedness to face the 14th general election. At Tuesday's close, the benchmark FTSE Bursa Malaysia KLCI closed at 1,868.58 points, while the ringgit traded at 3.8985 to the US dollar. The ringgit went up as high as 3.85 against the US dollar on Monday - the highest since hitting 3.83 in April 2016. The currency broke the 4.0 barrier on January 5, on the back of improving oil prices. Malaysia's economy recorded a higher-than-expected growth of 5.8 percent last year, due to improving domestic demand and labour market, according to the World Bank.
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