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Markets rally as recession fears ease: Take action or stay patient?
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A 100-point interest rate cut in the USA this year is highly likely.

The comprehensive factors have an impact on the Malaysian government's promotion of infrastructure.
The significant interest rate cut in the USA, the sharp drop in international oil prices, Malaysia's assumption of the rotating chairmanship of ASEAN next year, and the strengthening of the Malaysian Ringgit have prompted the Malaysian government to actively promote a large number of large-scale infrastructure projects to offset the impact of the USA economic recession on the local economy.

Main driving forces

1. **Reduction in infrastructure project funding costs**:
- **Lowering of interest rates in the USA** will reduce global financing costs, making it easier for Malaysia to obtain low-interest loans to support infrastructure projects.

2. **Decrease in import costs**:
- Falling oil prices and the strong Malaysian Ringgit will lower the materials and transportation costs of infrastructure projects, enhancing the economic feasibility of the projects.

3. **Regional leadership position and cooperation**:
- Serving as the rotating chair of ASEAN will enhance Malaysia's influence in the region, driving more regional cooperation projects and inflow of funds.

4. **Hedging against economic risks**:
Through large-scale infrastructure investment, the government can stimulate local economic growth, create job opportunities, and reduce the negative impact of the economic downturn in the USA.

Impact on local large construction and industrial companies

- **Income Growth**: Large infrastructure projects will provide a large number of contract opportunities for local construction and industrial companies, increasing income and profits.
- **Market Confidence Boost**: These bullish factors will boost market confidence and attract more investments.
- **Enhanced Competitiveness**: Companies can enhance market competitiveness by utilizing low costs and a stable policy environment.

Summary

These bullish factors, when combined, prompt the Malaysian government to actively promote infrastructure projects to counter the impact of economic downturn in the USA and drive the development of local construction and industrial companies. $MRCB (1651.MY)$
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