Greater exposure to China’s economy and easing commodity prices are among the factors likely to have contributed to the ringgit’s decline compared to its Asean peers, observers say.
The sterling’s crunch, invoked by Britain’s mini budget, which initially proposed a tax break for the rich, might have raised concerns among Malaysians, whose government will be tabling the National Budget 2023 on Friday (Oct 7), amid the backdrop of a weakening ringgit.
MALAYSIA is in line to become the first country in the world to ban the future generation from smoking and vaping as lawmakers gather in parliament this week to debate and vote on the Control of Tobacco Product and Smoking Bill 2022. The bill was tabled for first reading in parliament by Health Minister Khairy Jamaluddin last Wednesday. If passed, it will mean any Malaysian who turns 15 this year, and those younger than that, will never be able to purchase cigarettes and other tobacco and vaping products. Currently, anyone who turns 18 can buy tobacco products.