E-Gold, EV Contracts & Signs of US–China Thaw | Malaysia Daily Financial News Digest 24th Apr 25

In today’s episode of Malaysia Money Matters, we spotlight Malaysia’s growing digital gold access, major manufacturing investments, and key developments in global tech regulation and trade policy. From new solar projects to signs of a thaw in US–China relations, we break down what matters most for your money, the markets, and Malaysia’s future.

🇲🇾 Malaysian Company & Market News

🔹 Bank Rakyat Launches E-Gold Platform
Shariah-compliant, real-time gold trading now accessible via internet banking from just RM10. Physical delivery available. Launch aligns with gold’s record-high surge past US$3,500/oz.

🔹 Ferrotec Invests RM1B in Second Kulim Plant
Japan’s Ferrotec expands with a 1M ft² facility, 700+ CNC machines, and 1,000 new jobs—targeting high-tech exports. Total Malaysian investment now RM1.9B.

🔹 MCE Holdings Secures RM120M in Auto Contracts
Multi-year deals with JVIS USA, Perodua, and Proton cover EV and traditional parts. Strategic US contract signed ahead of possible auto part tariffs.

🔹 MN Holdings Tapped for RM30M Solar Connection Jobs
Appointed by Sunview Group to build interconnection infrastructure for two solar farms in Kedah. Project duration: 10 months.

🔹 Petronas Signs 11 US MOUs for O&G Transformation
Focus on productivity, skills, and yard upgrades—aiming to future-proof Malaysia’s oil & gas services sector.

🔹 Reach Ten IPO Sees Strong Demand
Oversubscribed 1.85x; RM156M raised for Sarawak-focused fiber expansion. Listing on May 2.

🌍 Global Trends & Policy Watch

🔹 EU Fines Apple & Meta Under Digital Markets Act
Apple hit with €500M, Meta €200M for anti-competitive practices. Google and X may be next. Regulatory scrutiny rises on both sides of the Atlantic.

🔹 Copper, Commodities Lift on Easing Trade Tension Talk
Copper hits US$9,450/ton amid signals from the US of potential de-escalation with China. Softer tone from Trump and Treasury Secretary boosts market sentiment.

🔹 India Resumes Palm Oil Buying
Refiners restock as prices fall below soybean oil. Positive news for Malaysian CPO futures.

🔹 Malaysia–China MOUs: Cabinet Orders Fast-Track
31 MOUs from President Xi’s visit—including a Twin Hub aviation initiative—now under coordinated implementation via the Foreign Ministry.

🔹 Inflation Hits 4-Year Low in March
CPI rose 1.4% YoY, easing mostly in food and non-food categories. BNM expected to hold rates, with potential room for cuts if trade risks rise.

🔹 IMF Trims Malaysia’s 2025 GDP Forecast
Revised to 4.1% (from 4.7%), citing global trade volatility and tariff pressure. Warns of rising public debt worldwide if trends persist.

If you would like a deeper dive into all the investment opportunities from today’s news, subscribe to my newsletter at https://MMoneyMatters.substack.com. I will be sharing a deeper analysis of the key investment opportunities from today’s news, including what makes these opportunities stand out and how they fit into the broader market trends. By subscribing to the Malaysia Money Matters Newsletter, you will also get exclusive insights on my watchlist and portfolio, and fundamental reports on Malaysian-listed companies.

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