February 12, 2025 06:07 GMT
MALAYSIA: Country Wrap: Palm Oil Output Declines Weigh Heavy on Prices
MALAYSIA
- Malaysia’s determination to be a focal point for data centres in the region, appears to be paying off as a Blackstone backed entity announced the construction of a data centre in the Malaysian state of Johor as per an email from the company. (source: BBG).
- Malaysia’s palm oil output has been severely disrupted by floods, inhibiting supply from the world’s second biggest supplier. (source: The Star)
- Following yesterday's public holiday, Malaysia’s FTSE KLCI has had a positive day, rising +0.52%, continuing the positive momentum from last week.
- MYR: with currencies around the region generally weaker, the ringgit was better than peers weaker by -0.03 to 4.47.
- Bonds: MGS bonds have been in a tight range of late with activity muted. The MGS 10YR is unchanged at 3.821%
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