The Malaysian Ringgit demonstrated positive momentum against the US dollar, opening at 4.2705 as markets anticipated the first quarter 2025 GDP announcement, which carries an advance growth estimate of 4.4%. This economic data serves as a critical benchmark for future monetary policy and full-year growth forecasts. Concurrently, Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz emphasized the strategic convergence of artificial intelligence and supply chain transformation to enhance regional resilience and competitiveness within the Asia-Pacific. Key initiatives include the establishment of Malaysia's National AI Office to accelerate adoption across public and private sectors, alongside efforts to finalize the ASEAN Digital Economy Framework Agreement. While advocating for AI's role in reducing costs and boosting productivity, the discussion highlights the necessity of shared ethical guardrails, robust data governance, and equitable access for micro, small, and medium enterprises to prevent technological fragmentation.
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