Speaking at the Malaysia Student Leaders Summit (MSLS) in Kuala Lumpur today, the first term lawmaker said that the bad performance of the currency shows that the "rest of the world" shares Malaysians' sentiments about the country.
"This shows low investor confidence and that the rest of the world also thinks the Malaysian economy is heading in the wrong direction," he said.
The ringgit has been Asia's worst performing currency this year and dropped to 17-year record lows in the past month.
On Thursday, the ringgit breached RM3.90 against the US dollar for the first time since the Asian financial crisis 17 years ago, amid political tensions.
"Our growth is only coming from construction, infrastructure development and oil and gas sector," Zairil said.
- T
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