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2026-07-17 Friday

2026-07-19

12:52:12

[Action Plan for Cooperation and Development of Artificial Intelligence Released] On July 17, the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence were held in Shanghai. At the meeting, the National Development and Reform Commission (NDRC), together with relevant departments, jointly released the Action Plan for Cooperation and Development of Artificial Intelligence. The Action Plan aims to implement the important instruction of General Secretary Xi Jinping that "artificial intelligence should be an international public good that benefits all mankind." It proposes eight actions from the aspects of data, computing power, ecosystem, empowerment, talent, rules, governance, and ethics: high-quality data supply, inclusive intelligent computing power, open-source ecosystem sharing, deep empowerment of artificial intelligence, joint cultivation of digital and intelligent talents, joint construction of rules and standards, collaborative security governance, and artificial intelligence for good. These actions are pragmatic measures to respond to the United Nations' initiatives on strengthening international cooperation in artificial intelligence, bridging the digital divide, and promoting sustainable development empowered by artificial intelligence. At the meeting, the NDRC, together with relevant departments, also jointly released the "China's Smart World (2026)" case collection. This case collection, released by the NDRC for the third consecutive year, includes 10 vivid stories of my country's international cooperation in the field of artificial intelligence. Compared with previous sessions, this event covers a wider range of regions and countries, features richer application scenarios for "AI+", and emphasizes the concept of "people-centered and AI for good." It gathers valuable achievements in international cooperation on artificial intelligence and showcases my country's wisdom and solutions for contributing to the global development of artificial intelligence. (Xinhua)

12:06:12

[Malaysia's Q2 GDP Grows 5.8%, Exceeding Expectations and Showing Robust Expansion] 1. Preliminary estimates released by Malaysia's statistics department on Friday showed that the country's gross domestic product (GDP) grew by 5.8% year-on-year in the second quarter, higher than the 5.4% growth in the first quarter and exceeding economists' expectations of 5.1%. 2. By sector, almost all economic sectors saw growth. The service sector, which accounts for about 60% of GDP, grew by 5.4% in the second quarter, while manufacturing, which accounts for about 23% of the economy, expanded by 7.5%, and mining and quarrying grew by 10.2%. Agriculture was the only sector to contract, declining by 3.7% year-on-year. 3. Analysts at Public Investment Bank said that supported by domestic demand, household spending, service sector activity, and the implementation of investment projects, Malaysia's economic growth is expected to remain resilient in 2026, with full-year GDP growth projected at 4.6%. Private investment, including in data centers, semiconductors, and renewable energy projects, is expected to continue to provide support. 4. On the political front, a general election is likely to be held later this year or next year, earlier than the 2028 deadline. However, the possibility of an early election has gained more attention after the main coalition, the Barisan Nasional, recently performed better than expected in the Johor state election. Analysts expect the election to have a limited impact on the 2026 growth trajectory, with the market focusing more on government fiscal discipline and the implementation of key investment projects. 5. The final second-quarter GDP data is scheduled for release on August 14th.

12:04:17

Malaysia's June unadjusted CPI reading

Previous : 137.10 Forecast : -

Published Value 137.10

Previous

12:04:15

Malaysia's June unadjusted CPI month-on-month rate

Previous : 0.10% Forecast : -0.10%

Published Value 0%

Previous

12:04:12

[Malaysia's June Inflation Falls to 1.9%, Fuel Subsidies and Lower Energy Prices Ease Price Pressures] 1. Data released by the Malaysian Department of Statistics on Friday showed that the Consumer Price Index (CPI) rose 1.9% year-on-year in June, slightly lower than May's 2.0% and also below the 2.0% forecast by economists surveyed by The Wall Street Journal. On a month-on-month basis, the June CPI was unchanged from the previous month, while May saw a 0.1% increase. 2. The slowdown in inflation mainly benefited from government fuel subsidies and the continued decline in global energy prices. Specifically, food and non-alcoholic beverage prices, which account for nearly 30% of the CPI basket, rose 1.4% year-on-year, a slowdown from the previous month. Core inflation, excluding volatile fresh food prices and government-managed prices, rose 1.9%, remaining at a relatively moderate level. 3. Despite recent setbacks in the ceasefire agreement between the US and Iran, analysts expect tensions to gradually ease, which is expected to reduce the geopolitical risk premium embedded in oil prices and decrease the likelihood of a new round of sustained energy price shocks. 4. Looking ahead to the full year, analysts at Public Investment Bank have lowered their full-year inflation forecast for Malaysia from 2.4% to 2.1%. The firm noted that lower Brent crude prices have reduced the urgency for the government to comprehensively adjust RON95 petrol prices. However, due to rising costs in sectors such as freight, food distribution, and utilities, the inflation rate is expected to remain above pre-Middle East conflict forecasts.

12:02:12

Malaysia's June CPI year-on-year rate

Previous : 2% Forecast : 2.10%

Published Value 1.90%

Previous

11:30:12

[New US regulations tighten stay limits for international students and exchange visa holders, with a maximum of 4 years] (1) The US Department of Homeland Security announced new regulations on the 16th, eliminating the original "status duration framework" and setting fixed stay limits for F (student), J (exchange visitor), and I (media representative) visa holders—F/J visas are limited to a maximum of 4 years, and I visas to a maximum of 240 days (which can be extended), and indefinite stays upon completion of studies or programs are no longer permitted. (2) F/J visa holders who need to extend their studies or programs must formally apply to the US Citizenship and Immigration Services and undergo biometrics, background checks, and fraud screening; current holders of these visas in the US will be automatically transitioned to the new system, with a maximum permitted stay of 4 years from the effective date of the new regulations. (3) The new regulations impose several strict restrictions on international students: changes in study objectives are prohibited at the graduate level and above, unauthorized transfers are prohibited, and after completing a certain stage of education, students can only advance to a higher-level program; at the same time, the transition period for leaving the country, transferring schools, or changing status after graduation is shortened from 60 days to 30 days. The new regulations will officially take effect 60 days after their publication in the Federal Register. (Xinhua)

11:18:12

[Iranian Conflict Fuels Inflation and Interest Rate Hike Expectations; Gold Prices May Record Largest Weekly Drop in Six Weeks] 1. On Friday in Asian trading, spot gold hovered near two-week lows, currently trading around $3988 per ounce, up about 0.3%, but with a cumulative weekly decline exceeding 3%, potentially recording its largest weekly drop in six weeks. The escalating conflict between the US and Iran has pushed up oil prices, exacerbating inflation concerns and reinforcing market expectations of "higher and longer" interest rates. 2. Affected by supply concerns triggered by the escalating US-Iran conflict, oil prices have surged by about 12% so far this week, keeping inflation concerns alive. 3. The escalating conflict between Iran and the United States has essentially dismantled the ceasefire agreement reached last month. Meanwhile, hawkish voices within the Federal Reserve's decision-making body are growing stronger. Dallas Fed President Logan became the first policymaker to publicly call for an interest rate hike since Fed Chairman Warsh took office; Fed Vice Chairman Jefferson hinted that the Fed would be open to raising rates if inflation does not improve in the short term; Kansas City Fed President Schmid stated that inflation continues to be sticky across a broad range of goods and services. 4. On the economic data front, initial jobless claims in the US declined last week; however, US retail sales in June only saw a slight increase, dragged down by falling gasoline prices and sales at gas stations. Today's trading session will see the release of US June housing starts data and the preliminary reading of the University of Michigan Consumer Sentiment Index for July, which investors should pay attention to.

11:16:13

Foreign ownership of New Zealand government bonds in June

Previous : 57.50% Forecast : -

Published Value 55.80%

Previous

11:08:12

[US and Iran gamble on "who can hold out longer": Iran's oil lifeline is cut off, and the stalemate may last for months] (1) Trump has reimposed an oil export blockade on Iran in an attempt to cut off its economic lifeline and force it to make concessions in the Strait of Hormuz; however, this will severely impact the lives of ordinary people in the short term and may lead the US and Iran into a more destructive long-term stalemate. (2) Historically, Iran has preferred to bear huge costs rather than yield to demands that threaten the survival of its regime. The pragmatic faction inside the country is worried that the deteriorating economy will shake the foundation of the regime, while the hardliners advocate actively controlling the Strait as a bargaining chip against the US, deepening the rift between the two sides. (3) If the blockade lasts for four to five months, oil revenue may drop to near zero. Although there is a buffer of about 100 million barrels in offshore storage, production will be forced to stop once the storage is full; exports were briefly restored during the previous temporary ceasefire, but the blockade has caused crude oil exports to plummet again. (4) The economy has already been ravaged by years of sanctions and war: inflation in June was 88.6% year-on-year, GDP is expected to shrink by 5.4%, ordinary families are relying on credit to buy basic food, prices are soaring (e.g., eggs rose by 40% in a single month), and unstable power supply is endangering the lives of patients. (5) The blockade cuts off major sources of foreign exchange, pushes up the prices of imported goods, and leads to layoffs in the manufacturing industry, with an estimated loss of 2 to 3 million jobs, forming a vicious cycle of economic recession and inflation, and the lack of a stable outlook is making the people overwhelmed.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4016.36

40.10

(1.01%)

XAG

55.884

0.395

(0.71%)

CONC

81.77

3.49

(4.46%)

OILC

88.08

3.22

(3.80%)

USD

100.759

0.039

(0.04%)

EURUSD

1.1438

-0.0004

(-0.03%)

GBPUSD

1.3455

-0.0022

(-0.17%)

USDCNH

6.7769

0.0044

(0.06%)