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Day: August 15, 2024

a variety of malaysian currency
Malaysian economy and BNM

Highest in 16 months for the ringgit versus the US dollar!

With many positive news for the ringgit for the past few weeks, I would say I was expecting our ringgit to perform much better than the currency which belongs to the country with such a huge deficit (versus us with budget surpluses) and such a huge country debt. So, I think the market also agrees with me for now and our ringgit is now at 16 months high.

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happy ethnic woman sitting at table with laptop
Malaysian economy and BNM

6 percent growth 2Q 2024 is very positive!

If anyone were to say that there is a possibility that Malaysia’s second quarter GDP growrth for 2024 will be 6 percent last year, everyone would be rolling their eyes and said, no way! Well, now it’s considered a possibility of what could be announced yeah. Our own Statistics Department estimated it to be 5.8 percent but the rest are all higher…

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gray electric car parked on a charging bay
EV and Cars

RM32 billion investment into Tanjung Malim, Perak

In 2023, Geely was the top 4 manufacturer for EVs. Here is the comment for them in an article about the top 10 EV manufacturers: “Experiencing major growth in 2022, GEELY is now operating more in the EV space. With the launch of the latest brand Zeekr, and the transition of its UK-based company Lotus, there are some major changes happening for the organisation to acquire a 5.86% share of the market.” Read the full article here for all the other car brands too: https://energydigital.com/top10/top-10-electric-vehicle-companies

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