February 21, 2025 05:54 GMT
MALAYSIA: Country Wrap: Malaysia to be Neutral in Trade War.
MALAYSIA
- Malaysia will maintain its ‘soft diplomacy’ strategy to strengthen trade relations with the United States while upholding a neutral stance amid escalating global geopolitical uncertainties, Investment, Trade, and Industry Minister Tengku Zafrul Abdul Aziz told Parliament (source: Intellinews).
- Malaysia’s trade recorded the 13th successive month of y/y growth in January rising 3.1% to RM241.95bil compared to January 2024. Exports grew for the fourth consecutive month, increasing by 0.3% to RM122.79bil, while imports rose by 6.2% to RM119.16bil. (source: The Star)
- The FTSE Bursa KLCI has reverse two days of losses, to gain +0.42% on Friday.
- MYR: like its regional peers, the Ringgit has had a good end to the week, gaining +.19% to 4.4208
- Bonds: Malaysia’s 5YR was the outperformer today, with yields lower by -2.5bps to 3.60%
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