Selangor Journal
Health Minister Datuk Seri Dr Dzulkefly Ahmad speaks during the Tanjong Karang Dental Clinic Construction Project handover to the ministry, Tanjong Karang, on February 24, 2024. — Picture by BERNAMA

Ringgit depreciation minimal impact on foreign medicines’ procurement — Minister

TANJONG KARANG, Feb 24 — The current depreciation of the Malaysian ringgit has only minimally impacted the procurement and purchase of medicines from abroad, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

This is because the ministry has implemented hedging methods to avoid conducting medicine acquisitions at high prices.

“In any procurement, we implemented the hedging strategy, meaning we made purchases in advance to avoid being affected by fluctuating currencies.

“So we buy and ‘lock in’ early. “Because of that, even though our currency has depreciated a little in the last couple of days, the actual (purchase of medicines from abroad) is paid at the price we have ‘locked in’,” he said.

Dr Dzulkefly was speaking to the press after the Tanjong Karang Dental Clinic Construction Project handover to the Health Ministry today.

He added that the current low exchange rates also positively impact the medical tourism sector, as more patients from abroad will seek healthcare treatment in the country.

Earlier, in his speech, Dr Dzulkefly said construction of the Tanjong Karang Dental Clinic, on a 1.21-hectare site next to Tanjong Karang Hospital, began on June 15, 2020, and was completed in December last year for RM13 million.

“This new building houses a primary dental clinic, an orthodontic specialist unit, and the Kuala Selangor District Dental Health Office.

“This clinic is equipped with eight dental chairs, namely five primary dental chairs and three dental chairs for the orthodontic unit, as well as an intraoral x-ray room and a dental laboratory for preparing dental prostheses,” he said.

The clinic will begin operation on March 4.

— Bernama


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