Ringgit Strength Reflects Investor Confidence, Human Capital Capability – KESUMA

PUTRAJAYA, Jan 28 (Bernama) -- The strengthening of the ringgit reflects investor confidence, national policy stability, institutional strength, and the capability of Malaysia’s human capital, said Human Resources Minister Datuk Seri R. Ramanan.

He said economic history and reality prove that a nation can only maintain currency strength when labour productivity rises, workforce skills are enhanced, and national governance is executed with transparency and integrity.

“Therefore, the development of a quality workforce is among the core pillars in efforts to strengthen the nation's economic foundations,” he said in a statement today.

In this regard, he said the Ministry of Human Resources (KESUMA) plays a strategic role as a catalyst for the country’s human capital development.

Ramanan added that KESUMA emphasises several key areas, including the empowerment of Technical and Vocational Education and Training (TVET), improving TVET graduate employability, mastery of digital skills, and the adoption of new technologies to meet future industry needs.

“This approach aims not only to increase productivity and people's income but also to strengthen Malaysia’s competitiveness as a destination for quality international investment,” he said.

He added that the MADANI Government, led by Prime Minister Datuk Seri Anwar Ibrahim, champions an economic reform agenda centred on transparency, integrity, quality investment, and human development.

“This agenda is a vital foundation in rebuilding confidence in the national economy, subsequently contributing to the strengthening of the ringgit's position,” he said.

Ramanan emphasised that the MADANI Government does not want an economy that is strong only in terms of figures and statistics, but one that directly benefits the people through better wages.

“This includes quality job opportunities, comprehensive social protection, and a more secure future, particularly for the younger generation,” he added.

He said KESUMA remains committed to developing a workforce that is not only skilled and competitive but also ethical, disciplined, and ready to meet complex global economic challenges.

Earlier today, World Bank Lead Economist for Malaysia, Apurva Sanghi, said that the ringgit has staged a strong recovery, rising from approximately 4.70 against the US dollar in previous years to the 3.90 level currently, making it one of Asia’s best-performing currencies.

-- BERNAMA