00:00You must know that our economy has shown a great deal of resiliency and why I
00:09say this is that number one our income fundamentals remain strong and our
00:14growth drivers are intact and Malaysia has had a very good track record of policy
00:20consistency and continued reforms which will continue to support investor
00:25confidence and we have seen even let me just share this one example when we had
00:31our recent roadshow for the issues of global sukuk we have seen strong investor
00:36sentiment and confidence in the country and that is can be seen in the outcome
00:42of the global issues as well we had bid to cover of close to five percent five
00:50times in terms of the size that we issue and in our engagement the
00:55investors they keep on highlighting in terms of the strength of the economy the
01:00strength of the fundamentals of the economy itself and the policy consistency as
01:05something that is an anchor for their continued positive sentiment on the
01:09economy. Victoria question on data centre whether it is a huge contribution to
01:14growth yes E&E and the centre has been contributing to growth substantially for
01:20this last few quarters and based on estimates and ongoing and planned projects for
01:29data centre we see that data centre investment will continue although there will be
01:34some adjustments because we have seen high base in the last few quarters in
01:38terms of investments very high but there'll be some adjustments but the
01:42investment will continue in data centre. Second is that the tech up cycle will
01:48continue to remain strong and based on our assessment the tech up cycle will
01:54continue to be strong at least until 2028 and this will continue to support the
01:59economy and this is also consistent with what we saw in Midas approval
02:08investment for ICT for example Q1 this year is about 38.9 billion as compared to
02:16what we saw in Q1 last year at 35 billion so the trend is there and demand for our E
02:22&E
02:22products will also continue to support the AI and I believe this will remain strong why
02:30because we are very well plugged into the AI global value chain and if you look in
02:37terms of our engagement with the MNC's that's providing the semiconductors in
02:44particular their order books have increased it's very strong in fact when we engaged with
02:49them earlier this year they share with us their order books is about four to six
02:54months but we engaged with them recently in June they indicated their order books is
03:00solid for between 12 to 18 months so that shows the strong demand that's coming from this AI
03:07developments and you must also note that this AI adoption globally is still at an
03:15early stage so the potential for this to grow that will then reflected in demand
03:19for our products is very high so I will say that it will continue to be there for the time
03:27being
03:29Cindy your question about growth we projected growth to be between four to five
03:34percent so that's why we said we are confident that it will be within the
03:39range of our growth but given the performance of the first two quarters
03:45first half is five point seven percent and we are confident that it will remain
03:50within this range initially if you remember I did indicate that at the last
03:56quarter one meeting that we are confident that will be in the upper end of the range but given the
04:04data point
04:04that we are seeing and also the high frequency data that we are monitoring and
04:09we are observing we are confident that will be around five but again in terms of
04:14whether are we going to change our forecast range or not so that is where if you
04:20were to change we normally do it when we announce budget so that's where the
04:23minister finance will do if there is need for us to change
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