In today’s episode, we unpack the major moves reshaping Malaysia’s industrial and investment landscape — from Perodua’s first electric vehicle and Intel’s new capital injection to shifting trade signals between the US and China. We break down what it all means for domestic innovation, foreign confidence, and long-term economic strategy.

🚗 Corporate & Industrial Headlines

🔋 Perodua Launches Its First EV – the QV-E

* Priced at RM80,000 excluding battery, with a new Battery-as-a-Service (BaaS) model

* Developed at RM800 million cost, backed by over 100 local engineers

* Government names Perodua the lead player in the EV ecosystem under NIMP 2030

* Raises key affordability questions: is BaaS a breakthrough or just a shift in consumer risk?

⚡ Tenaga Nasional Gets Long-Awaited Tax Relief

* MOF approves its Reinvestment Allowance (RIA) application

* Clears long-standing regulatory overhang

* Analysts see room for a stock rerating as future tax burden falls and capital is freed up

🏢 Genting Fails in Bid to Privatize Genting Malaysia

* Only achieved 73% stake, short of the 85% threshold to delist

* Market signal: shareholders want a better price

Foreign Investment & Digital Expansion

🧠 Intel Commits RM860M to Malaysia Hub

* Expands assembly and test operations, cementing Malaysia’s role in the semiconductor value chain

* Seen as a strong vote of confidence in local talent and infrastructure

📱 Tencent Expands WeChat Ecosystem in Malaysia

* Prioritizing Malaysian SMEs in their mini-program rollout

* Integrates DuitNow for local payments, facilitating AI-driven and cross-border e-commerce

Macroeconomic Signals & Trade Diplomacy

📉 MITI Clarifies US Trade Pact Details

* Minister says Malaysia is not obligated to hit US$240B in purchases

* Reinforces that these are private sector-led decisions

* Aims to reduce political risk while balancing China’s counter-engagement via proposed MOU

🛠️ No Cabinet Reshuffle, Just Vacancies Filled

* PM confirms no major reshuffle, just naming replacements for four open roles

* Zafrul’s new role to be announced tomorrow

* Message: policy continuity, not disruption

⚖️ MACC Defends Actions in Albert Tei Case

* In response to Malaysian Bar’s concerns over legal privilege in the high-profile investigation

* Highlights ongoing legal tension in enforcement transparency

Global Snapshot

💸 Bitcoin Slips Below $86,000, Down 6%

* Weak start to December for risk assets

* Reinforces global investor caution heading into year-end

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple Podcasts

Malaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me!

Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe