US companies have made investment pledges totalling US$100 billion (RM465.2 billion) in various sectors in Malaysia over the last 18 months, US Ambassador to Malaysia Brian McFeeters said.
Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China's economy limited the upside.
Thailand's economy expanded slower than expected in the second quarter, data showed on Monday, with strength in tourism helping to counter weaker exports amid a slowdown in global demand.
MI, a Fitch Solutions company, said the weaker-than-expected reading for the second quarter of this year (2Q2023) leaves the firm's prevailing 2023 growth forecast of 4.2% appearing too upbeat.
Japan will raise the minimum hourly wage to an average of ¥1,004 (RM32.12), exceeding the level proposed by a government panel, as inflation crimps consumers’ spending power.
Malaysia's economic growth hit the lowest in nearly two years in the second quarter due to sliding exports and a global slowdown, prompting the central bank on Friday to warn that full-year growth will come in at the lower end of its previous forecast.