Singapore’s key exports shrink further
SINGAPORE: The non-oil domestic exports (NODX) in Singapore declined 20.7 per cent year-on-year in March, following a 0.2 per cent contraction in February, according to the government agency, Enterprise Singapore, Wednesday, reported Xinhua. The decline was driven largely by the non-electronics sector, which fell 23.2 per cent year-on-year in March. The electronic exports also declined […]
Sarawak songket most sought-after product overseas
KUCHING: Exports by Small and Medium Enterprises (SMEs) contributed as much as 11.7 per cent to the country’s export revenue with a value of RM124.3 billion last year. And among the main contributors is the Sarawak songket which has a high commercial value. Caretaker Minister of Domestic Trade and Consumer Affairs Datuk Seri Alexander Nanta […]
Bamboo Industry Development Action Plan 2021-2030 launched to boost exports
KUALA LUMPUR: The National Bamboo Industry Development Action Plan 2021-2030 was launched today as a continuation of the 2011-2020 plan to boost Malaysia’s exports of bamboo and bamboo-based products. The action plan, launched in conjunction with the celebration of the World Bamboo Day (WBD 2021) celebration in Malaysia, would strengthen the country’s exports to China, […]
India imports 275,915 tonnes of Malaysian palm oil in June
By Shakir Husain NEW DELHI: India imported 275,915 tonnes of palm oil from Malaysia in June, according to the latest data from an industry group. The country’s total edible oil imports last month were 969,431 tonnes, with palm oil’s share being 61 per cent, the Mumbai-based Solvent Extractors’ Association of India (SEA) said. Overall edible […]
Malaysia records 26 pct jump in Jan-May trade to RM867.4 bln, trade surplus soars 112.2 pct
KUALA LUMPUR: Malaysia’s total trade grew by 26 per cent year-on-year (y-o-y) to RM867.4 billion in the first five months of 2021, the Ministry of International Trade and Industry (Miti) said. Trade surplus surged by 112.2 per cent to RM92.79 billion, as exports rose by 31.1 per cent to RM480.09 billion and imports increased by […]
Malaysia’s GDP likely to grow by 0.5 pct in Q1 2021
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is likely to have grown by 0.5 per cent quarter-on-quarter in the first quarter of 2021 (Q1 2021), compared to the 0.3 per cent contraction seen in Q4 2020, said Moody’s Analytics. It said although Malaysia has contended with a severe resurgence in Covid-19 cases that peaked in […]
AstraZeneca exports can be banned if bloc not supplied first
FRANKFURT: EU chief Ursula von der Leyen threatened Saturday to halt exports of AstraZeneca’s Covid-19 vaccines if the bloc did not receive its promised deliveries first, escalating a row that has fanned international tensions. “We have the option of banning a planned export. That’s the message to AstraZeneca: you fulfil your contract with Europe first […]
Palm oil exports breached RM72 bln in 2020
KUALA LUMPUR: The Malaysian palm oil industry has generated about RM72.8 billion through the export of palm oil and its products to the international market in 2020, the Ministry of Plantation Industries and Commodities (MPIC) said. Its Minister, Datuk Dr Mohd Khairuddin Aman Razali said this amount was much higher (about 14.18 per cent higher) […]
Malaysia’s external trade modest, exports to rebound by 2.7 pct
KUALA LUMPUR: Malaysia’s external trade for 2021 is expected to remain modest with exports projected to rebound by 2.7 per cent, the Ministry of International Trade and Industry (Miti) said. Senior minister Datuk Seri Mohamed Azmin Ali said the outlook for 2021 is expected to be better as the World Bank and International Monetary Fund […]
