The ringgit has strengthened to RM4.16 against the US dollar, emerging as the best-performing currency in Asia, Prime Minister Anwar Ibrahim said.
He noted that this performance was determined by international credit rating agencies, not by the government itself.
“S&P Global Ratings and Moody’s have maintained Malaysia’s sovereign credit ratings at A- and A3 respectively, with a stable and strong outlook.
“In August 2025, our unemployment rate was the lowest in 10 years. The minimum wage was also raised to RM1,700 — a difficult move as many companies opposed it,” he said during the Prime Minister’s Question Time (PMQT) in Parliament on Monday.
Anwar, who is also the finance minister, was responding to Sri Gading MP Aminolhuda Hassan’s question on the effectiveness of the Madani Economic Policy after 18 to 24 months of implementation.
He also took a jab at the opposition for previously criticising the ringgit’s depreciation but remaining silent now that the currency has strengthened.
“When the ringgit was down, they attacked us. Now that it’s stronger, not a single word. That’s the issue,” Anwar remarked.
