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10 Mar 2023

Malaysia: Healthy Committed Investments in 2022 – UOB

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comments on the latest Committed Investment figures in Malaysia.

Key Takeaways

“Malaysia approved a total of MYR264.6bn investments in 2022, which was 17.6% more than our projected MYR225.0bn but 14.5% lower than the MYR309.4bn recorded in 2021. Over 58% of the total approved investments last year were channelled into the services sector (MYR154.0bn); about one-thirds were injected into the manufacturing sector (MYR84.3bn or ~32%); while the remaining 10% were for the agriculture sector (MYR26.4bn).”

“Foreign direct investments (FDIs) remained the key source for the second straight year since the outbreak of COVID-19, contributing nearly 62% or MYR163.3bn to the overall committed investments. This compared to domestic direct investments (DDIs) that made up about 38% or MYR101.3bn. Top FDI sources were the People’s Republic of China (PRC, MYR55.4bn or 33.9% share), the USA (MYR29.2bn or 17.9% share), the Netherlands (MYR20.4bn or 12.5% share), Singapore (MYR13.6bn or 8.3% share), and Japan (MYR11.4bn or 7.0%).”

“For 2023, we keep a prudent view on the committed investment flows given the persistent uncertainty surrounding the global economy, monetary and financial conditions, as well as geopolitical risks. Also taking into consideration a number of promising projects in MIDA’s pipeline that involved total potential investments of MYR14.6bn, we maintain our full-year approved investment projection at MYR228.0bn for this year (MIDA target: +20% to MYR318.0bn).”

Mar 10, 2023

EUR/GBP can turn big again above 0.8900 – ING

Sterling has been performing a little better over the last 24 hours. But in the view of economists at ING, EUR/GBP can turn big again above 0.8900. Vu
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Mar 10, 2023

USD/CAD: Loonie to weaken on strong US NFP combined with weak Canadian Employment report – Commerzbank

The CAD market is going to clearly focus on the February labour market data, which is due for publication at the same time in Canada as in the US. Eco
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