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 […]
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 current accounts surplus hits nine-year high to RM62.1 bln
KUALA LUMPUR: Malaysia posted a current account surplus of RM62.1 billion in 2020, the highest in nine years, steered by a favourable performance of the goods account, and narrower deficit in primary income and secondary income, said the Department of Statistics Malaysia (DOSM). For the final quarter of 2020, the country’s current account continued a […]
