Morning Brief

Malaysia wrapped up 2025 on a stronger footing than expected. Flash estimates show the economy growing 5.7% year-on-year in the fourth quarter, beating market expectations and bringing full-year growth to around 4.9%. Can this momentum be sustained, and what is our growth outlook in 2026? Questions we pose to Julia Goh, Senior Economist, UOB

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Recently, the Real Estate and Housing Developers’ Association (Rehda) Institute announced that homeownership among Malaysia’s middle-income M40 group has fallen below that of the low-income B40 rate.  Dr Consilz Tan, Research Fellow, Centre for Market Education & Senior Lecturer, Xiamen University Malaysia  helps us make sense of the data and if there is any validity to claims that the drop is due to a housing model that depends on cross-subsidisation.

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Umno’s General Assembly has wrapped, but the political signals are still unfolding. Tough rhetoric on the floor, cooperation at the top, delayed party elections and quiet symbolism around who appeared where all raise fresh questions about Umno’s direction as GE16 approaches. What really changed and what was just theatre? We’ll break it down with Dr. Azmil Mohd Tayeb, Political Scientist and Associate Professor at Universiti Sains Malaysia.

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Taiwan will invest $250 billion dollars in US semiconductor manufacturing under a new trade deal, as tariffs on its goods are cut from 20% to 15%.  George Chen, Partner & Co-chair of the Digital Practice at The Asia Group gives us his insights on this and what it means for the wider semiconductor industry.

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The Malaysian Anti-Corruption Commission is proposing a Deferred Prosecution Agreement (DPA) mechanism for certain corruption cases, to allow those accused to pause criminal proceedings while repaying misappropriated funds and potentially avoiding lengthy trials. Criminal lawyer Goh Cia Yee helps us unpack the proposal, and what it could mean for the fight against corruption.

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Greenland remains a fixation for President Donald Trump, who insists the United States needs the island for national security. A recent meeting between the foreign ministers of Denmark, Greenland and the US produced little sign of compromise. John Zogby, founder of Zogby Strategies, unpacks what this standoff reveals about shifting global politics.

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Oil markets have been navigating a complex mix of geopolitics, supply dynamics and demand uncertainty with prices weak in 2025. Is the outlook different in 2026 due to possible regime change in Iran and the removal of President Nicolas Maduro in Venezuela. Sim Moh Siong, Commodity Strategist, OCBC Bank gives us his views.

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Japan’s Prime Minister Sanae Takaichi plans to dissolve parliament next week, triggering a national election for all 465 seats, her first since taking office.The ruling party says details will be announced on Monday, with polling expected in February. The move comes as Japan enters a key policy period, with budget discussions underway and continued pressure on the yen. Markets have already begun reacting. To help us understand what’s unfolding and what to watch next, we speak to William Pesek, columnist with Nikkei Asia.

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As UMNO convenes its long-delayed general assembly, Malaysia’s oldest political party faces critical questions about its role within the unity government and its identity ahead of GE16. Adib Zalkapli, Managing Director, Viewfinder Global Affairs, shares his insights on what discussions will dominate at this year's gathering, and who stands to gain in the months ahead.

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Global markets are kicking off 2026 with record highs, shrugging off economic and political uncertainties. Gains in Japan and China, alongside surging silver and gold, have investors questioning whether this rally can be sustained. For analysis, we speak with Aidan YAO, Senior Investment Strategist, Asia, Amundi.

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