February 05, 2025 05:41 GMT
MALAYSIA: Country Wrap: Malaysia Needs to Be More Proactive in Global Trade.
MALAYSIA
- Malaysia must adopt a proactive approach to mitigate risks and capitalise on emerging opportunities as the global trade landscape shifts due to the import tariff hike by the United States, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. Adding that the country should expand its free trade agreements (FTAs) by pursuing both bilateral and multilateral trade agreements to strengthen economic resilience. (source: BBG)
- Soaked Malaysia Farms See Palm Output Slump With More Rain Ahead (source: BBG)
- Malaysia’s FTSE Malay KLCI index is up +0.54%, following yesterday's gain of +0.70%, wiping out Monday’s losses.
- MYR: the ringgit is having a good day today also up +.316 at 4.4307.
- Bonds: a strong sell off today with yields 1-3bps higher across the curve MGS 10YR 3.843% (+2.2bps).
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