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PETALING JAYA: As foreign investors eye the Asean markets due to the strong economic fundamentals coupled with the global supply chain diversification and rising geopolitical risks, Malaysia sets the tone to attract stronger inflows of foreign direct investment (FDI).
PETALING JAYA: The rising demand for liquefied natural gas (LNG), of which Malaysia is the world’s fifth-largest exporter, augurs well for the country as it will provide a boost to the economy and have positive spillover effects.
PETALING JAYA: As Asean countries stand to chart stronger economic growth this year compared to some of their developed peers, Malaysia as a member of the Asean bloc is in a favourable position to attract more foreign direct investment (FDI).
PETALING JAYA: There is strong potential for the ringgit to strengthen against the US dollar by next year although the first quarter of 2024 (1Q24) could still see some elevation in the US dollar-ringgit exchange rate owing to existing high United States interest rates and slower economic recovery in China.
Malaysian economy, Shan Saeed, Ahmed Razman Abdul Latiff, Overnight Policy Rate