NEWS HIGHLIGHTS

• YNH reveals 2022 turnkey construction details, applies internal controls to address land deal disclosure oversight
• LB Aluminium buys factories in Selangor for RM30m to boost warehousing space
• Edelteq signs MOU with Chinese, local firms for semiconductorrelated ventures
• Silver Ridge says several business proposals being discussed in UMA reply
• Eupe Corp buys two more Sungai Petani plots for investment

MACRO BITS

• Leaders at Davos see a global economy moving toward a new normal
• Red Sea unrest is bad news for world’s fragile food supply
• 4Q23 GDP grew 3.4% while 2023 growth moderated to 3.8% (See economic Viewpoint: Malaysia 4Q23 Advance GDP)
• Exports remain weak in December; 2023 growth hit a 14-year low (See Economic Viewpoint: Malaysia External Trade)
• Cabinet to decide on targeted subsidy mechanism next week, says Rafizi
• Govt to retarget subsidies in phases, improve social assistance, says Armizan
• Zafrul: EV sales to see rapid growth in 2024
• Annual foreign investment flows into China shrink for the first time since 2012
• Japan's core inflation slows for 2nd month, takes pressure off BOJ
• Fed officials say data doesn’t show it’s time for a rate cut yet
• NY Fed finds lower-incomes facing more financial stress
• US fourth-quarter GDP to crown vigorous second half
• Bank of England faces growing calls to drop language on hikes

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

• Company Update: INARI, PETDAG
• Economic Viewpoint: MY 4Q23 Advance GDP, MY External Trade
• Weekly Technical Review: DJIA, KLCI