KUALA LUMPUR: The government is optimistic that the trade and investment targets set for this year are achievable despite the ringgit’s current depreciation versus the US dollar, as many other major fundamentals remain attractive and appealing to global investors.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said investors would look at the long-term outlook and fundamentals in making their decisions.
"Ringgit is one of the major factors. They want to see the stability of the ringgit and I think we are within the stable range,” he told reporters after launching BYD Malaysia’s latest electric vehicle marque, BYD SEAL.
Tengku Zafrul said investors would usually take between six months and up to one year to decide on their investments, and up to two years to set up their factory in the respective country, therefore they would not look at currency fluctuations too much.
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