AGP Executive Report
Last update: 8 hours agoEconomic Growth: Malaysia’s economy grew 5.3% year on year in Q3, beating forecasts as AI-driven chip demand boosted exports, while mining weakened. MSMEs and Skills: Budget 2027 provides a record RM57 billion in financing for small businesses, plus RM8 billion for TVET training in sectors including aviation and automotive. Semiconductors: Six locally designed chips have a combined RM300 million in sales potential, as Malaysia pushes into higher-value production. Infrastructure: Project monitoring in Sabah and Sarawak will be stepped up after delays on Pan Borneo Highway works increased costs. Haze Costs: Fires in Indonesia are hurting Malaysian businesses; economists estimate haze-related losses of up to US$15.72 million a day. Data Centres: DayOne secured US$3.67 billion to support its Malaysian AI expansion, as questions grow over data centres’ economic returns and demands on resources.
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