My Say: Malaysia sees economic optimism through increased IPOs and GLIC investments
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Malaysia's economy shows resilience with a Q2 GDP of 5.9%; IPO proceeds for the first seven months of 2024 rose 15% year on year to US$674 million; Johor Plantations Group raised RM735 million, marking the largest IPO in over two years; Bursa Malaysia targets 42 IPOs in 2024; GLICs committed RM120 billion in domestic direct investment over five years; key sectors for investment include electrical and electronics, palm oil, sustainable energy, and pharmaceuticals; Bank Negara Malaysia projects GDP growth at the upper end of 4% to 5%; potential risks include global economic volatility and interest rate fluctuations.
#Malaysia #Economy #Ipos #Glics #Gdp #Investments #BursaMalaysia #FinancialMarkets #EconomicGrowth #Sectors
https://theedgemalaysia.com/node/725641
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