RM160 Billion in Investments, up 18% year-on-year for Malaysia
Tengku Datuk Seri Zafrul Aziz, highlighted that this strong performance reflects Malaysia’s commitment to a “pro-investment, business-friendly environment”
Category: Money and Investment
Ringgit Poised for Continued Strength Amid Economic Gains
The Malaysian ringgit is expected to continue appreciating, potentially reaching the 4.250–4.200 level against the U.S. dollar.
Manufacturing Sector Faces Subdued Demand, Cautious Optimism Remains
Malaysia’s manufacturing sector faced subdued demand in August, with production and new orders declining. Inflation pressures rose, but cautious optimism about future growth
ASNB declares 4.75% distribution for ASM 2 Wawasan
ASNB announces a 4.75 sen/unit income distribution for ASM 2 Wawasan, totaling RM1.13 billion, with reinvestment starting September 1, 2024
FBM KLCI Gains as Lower Liners Retreat
Looking ahead, investors will be closely monitoring the release of Malaysia’s PPI data today, as well as Nvidia’s much-anticipated earnings.
AEON Credit Enhances Finance Access by Elevating Customer Experience
AEON Credit enhances customer experience with a new app, upgraded credit cards, and flagship branches, driving financial inclusion and digital innovation.
Profit-taking in some sectors ends market’s winning streak
Most regional markets continued their upward trajectory. The performance was supported by a consistent influx of foreign buying amid the strengthening of Asian currencies against the Us dollar
Ringgit on upward trend reaches 4.37 against the US dollar
The ringgit also declined against ASEAN currencies: weakening to 3.3466/3522 against the Singapore dollar from 3.3424/3461, to 7.74/7.75 against the Philippine peso from 7.73/7.74, to 283.5/284.2
Malaysia’s Economy to Grow by 5.0% in 2024
Malaysia’s export sector showed a notable recovery in 2QCY24, with real exports growing by 8.4% yoy, an improvement from the 5.2% yoy growth in 1QCY24.
Malaysia’s Economy to Grow 4.8% Amid Strong Investment
Malaysia’s economy is projected to grow 4.8% in 2024, driven by strong consumer spending, investment, and a recovering tourism sector