#InvestLokal
Be part of Malaysia's economic rally! Invest a minimum of RM1,000 in Eastspring's local funds via myEastspring app/website and use promotion code INVESTLOKAL to enjoy 2%* bonus units for the funds listed below. Promotion period from 21 October 2024 to 31 December 2024.
*Applicable to new (direct) and existing (direct) investors. Terms and conditions apply.
Eligible Eastspring Funds (as of 30 September 2024).
Why #InvestLokal in Malaysia?
These developments highlight Malaysia's strategic initiatives and growth potential across various sectors, positioning the country as a key player in the region.
Budget 2024 allocation: RM90 billion allocated for development expenditure to fund various projects, driving contract flows this year.
Nationwide projects: Include the Penang LRT, Pan Borneo Sabah Phase 1, MRT3, large-scale flood mitigation projects, Sabah-Sarawak Link Road, Kuching Urban Transportation System-Greem Line, and water-related projects.
Market position: Malaysia is one of the fastest-growing data centre markets in Southeast Asia as of Q3 2024, poised to become Asia's third-largest data centre market after Japan and India.
Development pipeline: The data centre market development pipeline consists of 1.2 GW, representing 600% growth over the next five years. Major investors include Amazon Web Services, Microsoft, Nvidia and
Google.
Source: The Edge, 16 July 2024
Hydropower potential: Sarawak Energy estimates a potential of 20,000 MW of hydropower across approximately 50 sites, with 3,452 MW already harnessed. (Nikkei Asia, March 2024)
Source: https://asia.nikkei.com/Business/Energy/Malaysia-s-Sarawak-targets-green-energy-powerhouse-status
Manufacturing shift: Due to ongoing trade tensions between China and the USA, foreign companies are relocating their manufacturing facilities from China and Taiwan to other nations. Malaysia is well-positioned due to its multilingual population, strong legal system and robust infrastructure and ecosystem.
Investment attraction: As of March 2024, Malaysia has successfully attracted potential foreign investments amounting to RM76.1 billion, resulting from successful trade and investment missions in Australia,
Germany and France.
Source: MOF, March 2024
Major infrastructure projects: Johor Bahru-Singapore Rapid Transit System Link: On track to commence operations in early 2027, Gemas-Johor Bahru Double Tracking: to be completed by 2025.
Proposed projects: Johor Bahru Light Rail Transit (JB LRT) and High-speed Rail.
Investment commitments: As of September 16, 2023, the Ministry of International Trade and Industry (MITI) announced securing RM20 billion in committed investments from Singapore since January 2023.
Special Financial Zone: Forest City has been designated as a Special Financial Zone, offering tax incentives and multiple entry visas.
Renewable Energy Industry: Potential to be Southeast Asia's largest solar energy storage system.
Source: www.channelnewsasia.com/asia/johor-singapore-sez-special-economic-zone-pengerang-pipc-oil-gas-renewable-energy-4376261
Step 2: Follow the on-screen registration steps.
Step 3: upon successful account creation, you can start investing!