Budget 2025 To Balance Between Fostering Economic Growth And Strengthening Currency- RHBAM
KUALA LUMPUR, Oct 22 (Bernama) -- The Budget 2025 is expected to maintain a balance between fostering economic growth and strengthening the currency, said RHB Asset Management Sdn Bhd (RHBAM).
Managing director and chief executive officer Ng Chze How said the budget also ensures national prosperity and maintains the country's fiscal sustainability.
"I think we (Malaysia) have what it takes to attract foreign direct investment (FDI) because of our infrastructures and skilled labour,” he said.
Speaking at a press conference here today, Ng noted that the growth in the technology sector, the development of data centres, and the Johor-Singapore Special Economic Zone are set to attract more investors to Malaysia, adding that RHBAM is also optimistic about Malaysia's economic growth and its prospects.
Earlier on, RHBAM unveiled its enhanced Asian Income Strategy, comprising the RHB Asian Income Fund, RHB Asian Income Fund-Singaporean Dollars (SGD) and RHB Asian Income Fund - Multi Currencies, collectively known as the RHB Asian Income Funds.
RHB Banking Bhd’s managing director of group wholesale banking, Datuk Fad'l Mohamed said the RHB Asian Income Funds offer investors a well-balanced portfolio of income-generating assets that provide steady predictable returns, even in volatile quantifications.
“Investors will be able to expect a higher income distribution payout of 6.0-6.5 per cent per annum, up from the existing 4.0-4.5 per cent per annum.
“The funds have the flexibility to declare monthly income distributions, aside from its benefits from the Asia+ investment strategy, with the ability to invest outside of Asia to generate additional returns," he said.
The company added that investors are able to access the RHB Asian Income Funds through www.rhbgroup.com/myinvest.
-- BERNAMA