AGP Executive Report
Last update: 12 hours agoGrowth: Malaysia’s economy grew 5.3% year-on-year in Q3, slowing from 6% in Q2, while manufacturing accelerated to 7.5%. Growth for the first nine months reached 5.5%, supporting the ringgit. Skills & Budget: The RM8 billion TVET allocation is expected to help aviation and automotive firms develop skilled workers. Budget 2027 also earmarks support for MSMEs adopting AI and automation. SME Exports: Alibaba.com and MATRADE signed an MoU to help Malaysian businesses, particularly halal producers, use AI and digital trade platforms to reach global buyers. Investment: Malaysia approved 27 data-centre projects with estimated investment of RM225.97 billion; the government says investors will bear the cost of electricity transmission upgrades. Commodities: Palm oil futures gained 3.85% this week, helped by stronger exports in early October.
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