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During court proceedings, the defence presented evidence suggesting that Najib's financial activities were conducted through legitimate channels and did not raise suspicions at the time. Legal representatives argued that transactions involving Najib's personal accounts were routine and adhered to banking regulations.
Several factors contribute to the ringgit's robust performance. A significant interest rate cut by the US Federal Reserve, combined with an influx of foreign investments and overall confidence in Malaysia's economic and political stability, has bolstered the currency. Year-to-date, the ringgit has appreciated over 11% against the US dollar, positioning it as Asia's top-performing currency.
He noted that various energy projects across Malaysia are set to increase production capabilities. “Taken together with energy-focused initiatives in all states, we are confident of a surplus of energy that feeds developments such as the JS-SEZ, while also allowing for growth in our energy exports,” he stated.
Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin highlighted that, despite the overall easing, most PPI sectors recorded increases in August, with the notable exception of the mining sector, which faced significant downturns.