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🇲🇾 Malaysia

• MSMEs, making up 97% of Malaysia’s economy, remain cautiously optimistic for 2H2025.
• SME Sentiment Index dips slightly to 55.2, but hiring plans are paused amid US tariff uncertainty.

🌍 International

• Global IPO volume drops 9.3% YoY to US$44.3B – the lowest in nine years.
• Europe plunges 64%, while Asia-Pacific rises 28% as Chinese and Japanese listings surge.

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