Interest rate hikes – it could work. (weekly ended 13/09/2022)

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Sharing some Investing and Economic insights:

  • Stock markets globally ended the week higher as investors begin to agree that further interest rate hike could indeed help with inflation.
    • At home, Bank Negara’s decision to raise the interest rate by another 25 basis points (bps) last week — believed to be the last for the year.
  • Some exciting (investment) news last week;
    • NTT announced its 6th data centre in Cyberjaya with investment over US$50 million.
    • XP Power invested RM228 million to construct its largest manufacturing facility in Perak.
    • Petronas announces first oil discovery in Suriname,
  • Raiz is about helping you save & invest more – being able to save 5% of your salary is better than earning 5% return. Having a disciplined savings habit can help improve your financial position quicker (than spending time choosing the best fund manager).

 

Do you know?

Malaysia is Mobile Legends’ most lucrative market, having Malaysian players spending US$87.5 million in the game.

That is 17% of Mobile Legends’ total revenue.

 


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