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The BRICS alliance has invested over 8.54 billion ringgit, equivalent to $2.02 billion, in Malaysia in the first quarter of 2025, according to the latest figures provided by the country’s Ministry of Investment and Trade. The investments are diversified into various sectors to promote Malaysia’s manufacturing sector, green technologies, digital economy, and infrastructure. Investments in the services sector amounted to 270 million ringgit, which is about $63.8 million. Also, 96% of the investments have directly gone to the manufacturing sector. Also Read: Sri Lanka, Kenya, Panama Snub US Dollar, Take BRICS Loan in Yuan Malaysia is receiving an influx of investments from BRICS as it is a partner country of the alliance. These projects and investments are estimated to create more than 6,000 jobs in the workforce. “The approved investments between January and March 2025 are expected to create 3,990 job opportunities in the manufacturing sector and 2,837 in the services se...

Malaysia ’s Prime Minister, Anwar Ibrahim, said today that there is no reason to continue to depend on the US dollar. Specifically, the country’s Prime Minister stated that the continued dependence on the US currency “in attracting investments into the country,” is unwarranted. Moreover, Astro Awani reported that Ibrahim stated that negations between Malaysia and other countries should occur using both national currencies. Moreover, he has stated that Bank Negara Malaysia is developing a proposal to “pioneer the said method in a matter of trade during visits to China using ringgit and renminbi.” JUST IN: Malaysia Prime Minister says there's no reason to continue to depend on the US dollar. — Watcher.Guru (@WatcherGuru) April 4, 2023 Malaysia Sees No Reason for Dependence on US Dollar The current state of the United States economy is greatly defined by its current fragility. Moreover, jobs data released today showcases that fragile nature in full effect. Conver...