Malaysia, being one of the very first countries participating in China’s One-Belt-One-Road (OBOR) push, can benefit significantly in the long run from the initiative.
2018 was a high watermark year for ASEAN’s technology sector with inbound investments in 2018 alone reaching S$11bilion almost doubling the S$5.8 billion invested in 2017, according to Singapore-based venture capital firm, Cento Ventures.1
Navigator: Made for China survey charts international businesses’ ambitions to sell to China’s fast growing consumer market
Fuelled by rising customer demand and a favourable economic backdrop, Malaysian firms have a positive outlook about their prospects, according to a new HSBC survey of 200 Malaysian firms: ‘Navigator: Now, next and how for business’. The report also reveals that Malaysian business confidence is on the rise, underpinned by intra-Asia opportunities with firms eyeing China, Singapore and Indonesia for future expansion.
The value of the US dollar, buoyant global trade, and a pick up in commodity prices are the important factors to watch in currency markets during 2018.
With the US, Europe and emerging Asia all growing at the same time, the outlook for the global economy positive in 2018.