However, despite the drop in sterling against the US dollar, Hamzah said the drop had not taken effect yet among Malaysian money changers.

“The fact is that the rates here are not low yet. We have to let it subside, but it will definitely be good for Malaysians who travel to London,” Hamzah said at a press conference today, pointing out that London was the number one destination for Malaysians travelling to Europe.

Elaborating, he said he expected no change in the Matta Fair sales this coming September.

“March’s Matta Fair had RM200 million in sales and about 113,000 visitors. I’m expecting the same for the one in September,” he said.

Hamzah announced that this year’s Matta Fair, which would be held from Sept 2 to 4, would feature Terengganu as “Malaysia’s Favourite Destination.”

“We are looking forward to the Terrenganu menteri besar doing the honours of opening the September Matta Fair,” he said.

Meanwhile, Hamzah also commented on the name change for Kuala Lumpur International Airport 2 (klia2), saying that it should not be an issue.

“It gives the correct expectation because it is indeed a low-cost terminal. It manages the customers’ expectations because they would not want to be expecting an international-standard airport when they arrive at a low-cost terminal.

“To me, it is not an issue. Many airports around the world have gone through name changes,” he said.

He added that the ticket codes however would remain the same. Passengers who arrive in Kuala Lumpur will still see the letters ‘KUL’ printed on their plane tickets.

Tony Fernandes’ AirAsia, which accounts for the biggest share of passenger traffic at the RM4 billion klia2, had earlier this month announced its plan to promote the budget terminal as LCCT2.

The airline said this would reinforce Kuala Lumpur’s position as the leading low-cost gateway to Asia and beyond.