Malaysia

Minister of Investment, Trade and Industry Zafrul Abdul Aziz said that despite the current depreciation of the ringgit against the US dollar, Malaysia's trade and investment targets set for this year are achievable as many other key fundamentals remain attractive to global investors.

Speaking to the media after the launch of BYD Malaysia's latest electric vehicle brand, BYD SEAL, on Feb 22, the minister said the Malaysian currency was one of the main factors and investors wanted to see stability in the ringgit.

He added that he believes the currency is in a stable range. Investment is important for economic growth, noting that investment currently accounts for about 22 percent of the country's gross domestic product (GDP).