Weekly Roundup: World Bank Upgrades Malaysia’s GDP Growth Forecast And More

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In this week’s roundup, the World Bank has upgraded Malaysia’s GDP growth forecast to 4.9%, with Finance Minister II stating that the country is poised to exceed its national growth target in 2024.

Malaysia also welcomed a significant US$14.7 billion investment from major US tech giants. Meanwhile, Public Bank acquired a 44.15% stake in LPI Capital for RM1.72 billion, while CIMB got upgraded on potential rate cuts in the region.

In health and lifestyle news, a feature highlighted 10 healthier choices for Malaysian foods.

On the global stage, Wall Street is racing to launch a new cohort of crypto-spot ETFs, and Tesla unveiled its innovative two-door Cybercab robotaxi. Additionally, the EU’s support for tariffs on Chinese electric vehicles reflects Berlin’s diminishing influence, sparking discussions on the potential merging of the nation’s financial institutions, raising questions about whether it is a bold strategy or a risky gamble.