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 […]
Miti formulates SOPs for effective Business Continuity Plan
KUALA LUMPUR: The Ministry of International Trade and Industry (Miti) has formulated a set of comprehensive, relevant and practical standard operating procedures (SOPs) to enable the smooth flow of operations and ensure effective implementation of the Business Continuity Plans. In a statement, Miti’s Senior Minister Datuk Seri Mohamed Azmin Ali said this is particularly for […]
Malaysia imposes provisional anti-dumping duties on steel imports from Indonesia, Vietnam
KUALA LUMPUR: The government is imposing provisional anti-dumping duties on imports of cold rolled stainless steel in coils, sheets or any other form (subject merchandise) originating or exported from the Indonesia and Vietnam. The Ministry of International Trade and Industry (Miti) said it had completed the preliminary determination of the anti-dumping investigation concerning imports of […]
Malaysia’s trade surplus surges 152 pct to RM16.82 bln in November
KUALA LUMPUR: Malaysia’s trade surplus surged 151.6 per cent year-on-year (y-o-y) to RM16.82 billion last month, the highest surplus ever recorded for the month of November. The Ministry of International Trade and Industry (Miti) said exports increased by 4.3 per cent to RM84.43 billion compared to the same month last year, marking three consecutive months […]
June 2020 trade up, movement restrictions eases
KUALA LUMPUR: The gradual lifting of movement restrictions due to Covid-19 in Malaysia has resulted in an improvement in total trade in June 2020 to RM144.84 billion, up 2.2 per cent from June 2019. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said his ministry has been actively promoting the use of digital […]
Economic recovery plan expected end-May
KUALA LUMPUR: The government will be announcing a six-month economic recovery plan by the end of this month to resuscitate the country’s economy post-Covid-19. International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the pandemic has impacted global markets, including Malaysia. “Businesses have been brought to a grinding halt and unemployment has spiked. Like other economies, we are mitigating the […]
Malaysia’s trade surplus in Q1 2020 rises to RM36.99 bln
KUALA LUMPUR: Malaysia recorded a trade surplus of RM36.99 billion in the first quarter (Q1) 2020, 0.1 per cent higher compared to the same period in 2019, the highest trade surplus recorded for Q1 since 2011, said the International Trade and Industry Ministry (Miti). The total trade, exports and imports contracted 8.1 per cent, 7.4 per cent and 8.9 […]
Miti announces latest procedures for cert endorsement
KUALA LUMPUR: Malaysian companies seeking Preferential Certificate of Origin (PCO) endorsement services from the International Trade and Industry Ministry (Miti) must comply with the latest procedures that will take effect during the conditional movement control order (CMCO) period starting Monday. In giving the update today, the ministry said the implementation of the procedures is key to ensure all […]
Ports to allow import, export activities by authorised companies from today
KUALA LUMPUR: Port operators nationwide have been instructed to allow all import and export activities by companies which have been authorised to operate during the movement control order (MCO) by the Ministry of International Trade and Industry. Transport Minister Datuk Seri Wee Ka Siong said the move was in line with the government’s decision yesterday to allow companies under certain economic sectors […]
Agong expresses concern over Covid-19 impact on economy, people’s welfare
KUALA LUMPUR: International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali was granted an audience with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah yesterday to brief and update the Agong on measures taken by the government to mitigate the effect of Covid-19 on the economy and welfare of the people. Comptroller of the Royal Household of Istana Negara Datuk Ahmad Fadil Shamsuddin said […]
