February 25, 2025 06:08 GMT
MALAYSIA: Country Wrap: Approved Investments Jump 14%.
MALAYSIA
- The Malaysian Plantations and Commodity Minister believes that Malaysia is in a strong position to transition the country to renewables, led by palm oil (source: BBG).
- Malaysia saw MYR378.5bn in approved investments in 2024, a 14.9% jump from a year ago, according to the Malaysian Investment Development Authority with Foreign investments accounted for 45% of the total. The US was the largest contributor, followed by Germany and China. (source: Malaysian Investment Development Authority)
- In a weak day for Asia equity, Malaysia’s FTSE KLCI fell by -1.0%.
- MYR: the ringgit whilst weaker, was one of the better performers of its regional peers falling just -0.09% to 4.4135.
- Bonds: MGS 10YR unchanged at 3.808%
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