June 2023 export, import unit value indices up marginally
KUALA LUMPUR: Malaysia’s export and import unit value indices rose a marginal 0.1 per cent and 0.4 per cent, respectively, in June 2023, Statistics Department Malaysia (DoSM) reported today. Exports prices rose to 141.8 points from 141.7 points in the previous month while imports increased to 128.4 points from 127.9 points previously. Chief statistician Datuk Seri […]
Sarawak ready to export chicken
KUCHING: Sarawak will have no problem exporting chicken if the local livestock supply exceeds demand, said Datuk Seri Alexander Nanta Linggi. The Minister of Domestic Trade and Consumer Affairs (KPDNHEP) said local supply should always be guaranteed sufficient as priority must be given to local consumers. “If the supply of chicken is excessive and can […]
Crawfish production good potential
SERIAN: Crawfish commercial production is a venture full of opportunities, said Deputy Chief Minister Datuk Amar Douglas Uggah Embas. There is also high demand for crawfish locally and internationally. Uggah said this after visiting the Tian Yen Enterprise crawfish breeding project in Tarat on Sunday (Aug 22). The company’s Chief Business Development Officer, Tom Pooh […]
SMEs need digital tools to grow business in pandemic era
KUALA LUMPUR: E-commerce is helping businesses to survive during the Covid-19 pandemic and it offers enormous potential for them to prosper in the future, according to technology company Google. Its government affairs and public policy manager Nick Bauer said there are opportunities abound for Malaysian businesses, especially small and medium enterprises (SMEs), to leverage on […]
Digital adoption is a must to reignite export businesses
KUALA LUMPUR: Small and medium-sized enterprises (SMEs) must be able to leverage digital adoption to reignite export businesses during the pandemic, said Bank Islam Malaysia Bhd director Datuk Nik Mohd Hasyudeen Yusoff. He said the development in technology has opened the avenue for export businesses and there are opportunities for small business players to be […]
Opportunity to export red palm oil to China
KUALA LUMPUR: A golden opportunity has presented itself for Malaysian exporters as China announced the implementation of the Chinese Group Standard for Red Palm Oil on March 1, 2021, which enables buyers from the republic to import the commodity from Malaysia by quoting specifications in the standard. “We hope Malaysian exporters can grasp this golden […]
Pick-up in crude oil prices, global chip shortage to drive Malaysia exports
KUALA LUMPUR: The pick-up in oil prices and the global shortage of semiconductors will drive exports for Malaysia’s key sectors in the coming months, said Moody’s Analytics. Economist Denise Cheok said despite the country has extended its movement control order (MCO) in its most economically active states of Selangor, Kuala Lumpur, Johor and Penang until […]
Malaysia’s palm oil, palm-based product exports estimated at RM65-70 bln for 2020
KUALA LUMPUR: Malaysia is expected to export palm oil and palm-based products valued at between RM65 billion to RM70 billion this year compared to RM63.73 billion in 2019. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the commodity’s performance had shown improvement despite the Covid-19 pandemic. “We will also intensify the […]
Malaysia’s CPO price may stay higher if export to India is maintained
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) futures benchmark price may trade higher in June and July at RM2,400 per tonne if the world’s second largest edible oil producer maintains its higher export figures, including its export to India, Palm Oil Analytics owner and co-founder Dr Sathia Varqa said. However, as production reach its peak from August until October, the commodity […]
Bright future for rubber gloves export
KUCHING: Malaysia’s export of rubber gloves is expected to increase to 225 billion units this year. The increase will generate exports earnings of over RM20 billion as compared to 170 billion units with export earnings valued at RM17.3 billion last year. Plantation Industries and Commodities Deputy Minister Willie Mongin disclosed this after receiving donation of […]
