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Free Malaysia Today
21-07-2025
- Business
- Free Malaysia Today
Foreign investors extend selling streak, with RM206mil outflow
The top three sectors that recorded the highest net foreign outflows were financial services, technology, and consumer products and services. (AP pic) KUALA LUMPUR : Foreign investors extended their net selling streak to two consecutive weeks, registering a net outflow of RM206.1 million, said MIDF Amanah Investment Bank Bhd today. The investment bank said foreign investors were net sellers on every trading day except Monday and Friday, with outflows ranging from RM61.9 million to RM173.3 million. 'The largest outflow was recorded on Wednesday, followed by Tuesday with RM88.3 million and Thursday with RM61.9 million. 'Monday and Friday recorded net inflows of RM1.21 million and RM116.2 million, respectively,' MIDF said in its fund flow report today. It noted that the top three sectors that recorded the highest net foreign inflows were construction (RM199.5 million), transportation and logistics (RM102.1 million) and industrial products and services (RM94.7 million). The top three sectors that recorded the highest net foreign outflows were financial services (RM525.4 million), technology (RM86.1 million) and consumer products and services (RM71.8 million). 'Local institutions reversed their buying momentum last week, ending their streak of eight consecutive weeks of net inflows, recording a withdrawal of RM33.3 million,' MIDF said. Meanwhile, local retailers continued their net buying activities, resulting in a two-week consecutive streak of purchases on Bursa Malaysia. The investment bank reported a net inflow of RM239.4 million last week, approximately four times higher than the previous week's inflow of RM52.7 million. The average daily trading volume (ADTV) experienced a broad-based incline last week, except for local institutions. MIDF said foreign investors and local retailers recorded increases of 6.9% and 9%, respectively, while local institutions saw a decrease of 2.6%.
Daily Express
21-07-2025
- Business
- Daily Express
Potential Kota Kinabalu Chinese Chamber of Commerce - Malaysian Industrial Development Finance Berhad collaboration
Published on: Monday, July 21, 2025 Published on: Mon, Jul 21, 2025 Text Size: Lui (third left) in a group photo with MIDF VP Yip Weng Seng and others. Kota Kinabalu: The Kota Kinabalu Chinese Chamber of Commerce & Industry (KKCCCI) is open to forging a strategic partnership with Malaysian Industrial Development Finance Berhad (MIDF) to better support local entrepreneurs in the face of economic challenges and climate-related disruptions. KKCCCI President Datuk Michael Lui Yen Sang expressed strong support for the collaboration during a courtesy visit by MIDF Vice President Yip Weng Seng and senior Sabah branch officers at Wisma KKCCCI on Friday. Advertisement Lui said the Chamber welcomed MIDF's financing offerings, especially its low-interest loans and tailored moratorium facilities, which provide crucial relief for local businesses often impacted by natural disasters. 'Generally, businesses welcome low interest rates, and MIDF's initiatives come as timely support. The moratorium facility is a great sigh of relief for many local business owners,' Lui said. He also expressed interest in working closely with MIDF to organise joint activities and seminars to raise awareness of the agency's financing schemes among KKCCCI members and the wider business community. MIDF, a wholly owned subsidiary of MBSB Berhad, offers services in investment banking, development finance, and asset management. According to Yip, who also oversees MIDF operations in East Malaysia (Sabah and Sarawak), the agency currently provides one of the most competitive interest rates in the market. Yip added that MIDF's green financing schemes are available for solar panel installation, eco-friendly machinery, and electric vehicle (EV) charging stations, aligning with global sustainability goals. Also present during the visit were MIDF Sabah Branch Head Sudirman Mohd Alwi and Relationship Managers Wong Siew Wan and Caroline Fredrick. Both parties agreed to continue discussions on future collaborations that could benefit Sabah's business ecosystem. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
15-07-2025
- Business
- The Star
Miti's AI chip export rule to have no impact on data centres
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd believes that data centres will not be affected by the Ministry of Investment, Trade and Industry's (MITI) latest directive on artificial intelligence (AI) chips. The ministry has issued a directive which requires all exports, transshipments and transits of high-performance AI chips of United States (US) origin in Malaysia to obtain a Strategic Trade Permit (STP). In a research note today, the investment bank said the import of US-made advanced AI chips for use in domestic servers does not fall under the scope of the new rules unless the data centre operators intend to move the chips out of Malaysia. "There is zero impact from this directive in our opinion, as far as data centres in Malaysia are concerned. This is not an additional red tape that could delay the process of setting up a data centre in Malaysia,' it said. MIDF noted that since the beginning of the year, it has consistently reiterated that most new data centres are AI-ready, though some may eventually be used for non-AI purposes. The investment bank said the directive primarily addresses the movement of AI chips out of Malaysia, which it views as a prudent move by MITI to prevent suspected smuggling of chips into China through intermediaries. "This shows Malaysia's willingness to take responsibility for the movement of US-origin AI chips out of the country by stepping up its enforcement,' it added. MIDF said negotiations between Malaysia and the US will likely focus on regulatory enforcement, end-user monitoring, and the seriousness in addressing violations of the control measures. "MITI's latest directive covers all these. It is hoped that this will be able to placate the US when negotiating the restrictions of AI chip exports under Trump's refashioned AI Diffusion Rule,' it said. It added that speculation is growing around a possible shift from the current three-tiered country system to a licensing regime based on government-to-government agreements. This could mean that firms headquartered in the US or its close allies may no longer be restricted by the current seven per cent AI computing power limit for countries outside Tier 1, which allows for more AI capacities to be planned in countries such as Malaysia. "Regardless of the changes from Biden's rescinded Framework of AI Diffusion to the new rule being rewritten by the Trump administration, MIDF believes the essence remains, which is to contain China's AI advancement and ensure that US AI chips are not used to train Chinese AI models,' noted MIDF. - Bernama
The Sun
15-07-2025
- Business
- The Sun
MITI's AI chip export rule has no impact on Malaysia data centres
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd has clarified that Malaysia's data centres will remain unaffected by the Ministry of Investment, Trade and Industry's (MITI) latest directive on artificial intelligence (AI) chip exports. The new rule mandates a Strategic Trade Permit (STP) for all exports, transshipments, and transits of US-origin high-performance AI chips in Malaysia. However, MIDF emphasised that domestic data centres using these chips will not face additional restrictions unless they plan to move the hardware out of the country. 'There is zero impact from this directive in our opinion, as far as data centres in Malaysia are concerned. This is not an additional red tape that could delay the process of setting up a data centre in Malaysia,' the investment bank said in a research note. MIDF highlighted that most new data centres in Malaysia are already AI-ready, though some may later be repurposed for non-AI applications. The directive primarily targets the movement of AI chips out of Malaysia, which MIDF views as a strategic measure to prevent unauthorised exports, particularly to China. 'MITI's latest directive covers all these. It is hoped that this will be able to placate the US when negotiating the restrictions of AI chip exports under Trump's refashioned AI Diffusion Rule,' MIDF added. The bank also noted potential shifts in US export policies, including a possible move from a three-tiered country system to a licensing regime based on government agreements. This could relax current computing power limits for non-Tier 1 nations like Malaysia, allowing greater AI capacity planning. Regardless of policy changes, MIDF believes the core objective remains unchanged: restricting China's AI development by preventing US chips from being used in Chinese AI training models. - Bernama
Barnama
15-07-2025
- Business
- Barnama
MITI's AI Chip Export Rule To Have No Impact On Data Centres -- MIDF
BUSINESS KUALA LUMPUR, July 15 (Bernama) -- MIDF Amanah Investment Bank Bhd believes that data centres will not be affected by the Ministry of Investment, Trade and Industry's (MITI) latest directive on artificial intelligence (AI) chips. The ministry has issued a directive which requires all exports, transshipments and transits of high-performance AI chips of United States (US) origin in Malaysia to obtain a Strategic Trade Permit (STP). In a research note today, the investment bank said the import of US-made advanced AI chips for use in domestic servers does not fall under the scope of the new rules unless the data centre operators intend to move the chips out of Malaysia. 'There is zero impact from this directive in our opinion, as far as data centres in Malaysia are concerned. This is not an additional red tape that could delay the process of setting up a data centre in Malaysia,' it said. MIDF noted that since the beginning of the year, it has consistently reiterated that most new data centres are AI-ready, though some may eventually be used for non-AI purposes. The investment bank said the directive primarily addresses the movement of AI chips out of Malaysia, which it views as a prudent move by MITI to prevent suspected smuggling of chips into China through intermediaries. 'This shows Malaysia's willingness to take responsibility for the movement of US-origin AI chips out of the country by stepping up its enforcement,' it added. MIDF said negotiations between Malaysia and the US will likely focus on regulatory enforcement, end-user monitoring, and the seriousness in addressing violations of the control measures. 'MITI's latest directive covers all these. It is hoped that this will be able to placate the US when negotiating the restrictions of AI chip exports under Trump's refashioned AI Diffusion Rule,' it said.
