Local Market Strategy
Local
Mid-Term Review – 12th Malaysia Plan (12 MP)
Thu, 14-Sep-2023 06:45 pm
by Kenneth Leong • Apex Research

Key Takeaways;
• Gross domestic product (GDP) targeted to grow at least 5% per annum during 12MP period
• 12MP ceiling allocation increased by RM15bn, making the total amount to RM415bn
• At least RM90bn will be spent annually from 2023 to 2025
• Malaysia will remain within the 3.5% deficit target by 2025
• 17 big bold measures covering 71 main strategies
• 31% of the 175 targets set out in the five-year plan had been achieved, and another 59% is progressing as scheduled

Sentiment: Positive
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Market Mover
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Currency Buy Rates (RM) Sell Rates (RM)
USD 4.444781 4.475637
EUR 4.686947 4.691456
CNY 0.611684 0.612285
HKD 0.571216 0.575189
SGD 3.302218 3.325297