Tag: Businesses
Three nations to be largest sovereign sukuk issuers
Moody's Investors Service predicts Malaysia, Indonesia, and Turkiye will become the largest sovereign sukuk issuers in 2023-2024. Malaysia's fiscal deficit is expected to decrease to around 5% of GDP, supporting annual sovereign sukuk issuance of US$20-22 billion.
China investment will boost green economy in Malaysia, says biz leader
Datuk Liew Chee Ming highlights potential for Chinese investors to support Malaysia's low-carbon development, particularly in high-tech industries like electric vehicle manufacturing, following China's economic recovery.
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment
Asian financial markets show positive momentum as U.S. economic data boosts investor confidence. The Philippine Peso and Malaysian Ringgit strengthen, reflecting robust economic performance and improved regional market outlook. Both currencies experience significant gains in early January, driven by strong economic indicators and renewed investor optimism.
Asia stocks edge up despite global growth worries.
Asian markets show mixed performance as Hong Kong and China stocks rise, despite worries about economic slowdown. The MSCI Asia-Pacific index edges up, with Hang Seng surging over 2% following China's COVID policy relaxation. Australian and Japanese markets experience declines, reflecting ongoing global economic uncertainties.
