The Employees Provident Fund (EPF)’s total investment income rose 19.36% year-on-year (y-o-y) to RM14.67bil for its third quarter ended Sept 30, 2023 (3Q23), driven by gains as a result of a weaker ringgit.
The Bank of Japan (BoJ) has stepped up its drum beat of hawkish comments over the past week, in a series of communications that insiders say is priming markets for an end to negative interest rates, which could happen in the first few months of next year.
With Bank Negara set to release the gross domestic product (GDP) growth figures for the third quarter (3Q23) tomorrow, all eyes will understandably be on whether the latest numbers will support the government’s growth projection of 4% to 5% for 2023.