Malaysia records highest exports at RM82.63 billion in March 2017
The Dollar Business Bureau Buoyed by improved performance in all major export sectors, Malaysia’s exports grew 24.1% year on year during March 2017. Beating expectations, the South-East Asian economy boasted a double-digit growth in exports for the fourth consecutive month since December 2016. As stated by the Ministry of International Trade and Industry, Malaysia (Miti), exports surpassed economic forecasts of a 20% growth by a significant margin. Explaining the ‘outstanding trade performance in March 2017’, a media release by Miti read, “Malaysia’s trade continued its strong momentum in March 2017, expanding by 31.1% to RM159.86 billion compared with the year before. Higher trade was seen with ASEAN, China, the United States of America (USA), the European Union (EU), the Republic of Korea (ROK) ...
India, Malaysia looking at signing over a dozen deals
PTI Projects worth USD five billion are expected to be discussed during the India visit of Malaysian Prime Minister Najib Razak, which started on March 30, as the two sides look at inking more than a dozen business deals. Prime Minister Narendra Modi and Najib will hold wide- ranging talks on April 1, during which the two sides will also try to take forward their cooperation in key areas of security, defence and counter-terrorism. Briefing reporters on the six-day visit, Jaideep Mazumdar, Joint Secretary (South) in the External Affairs Ministry, said, "Projects under discussion during the visit would amount to around USD five billion," and about 15 business agreements are also expected to be signed during a business event on April ...
Malaysias exports grew 13.6% to $15.76 bn in Jan
The Dollar Business Bureau Malaysia’s exports witnessed a double-digit growth of 13.6% to RM70.24 billion (around $15.76 billion) in the month of January 2017, the highest ever export value in a month ever achieved, Ministry of International Trade and Industry said on Friday. The exports figures surpassed the last high of RM64.05 billion recorded in January 2014. The exports in January grew consecutively for the third month, increasing by its fastest rate in over a year on account of strong demand for manufactured goods and commodities, the government data said. The country’s imports have increased by 16.1% to RM65.53 billion. In January, the country registered a trade balance of RM4.71 billion ($1.05 billion). This is consecutively for the last 231 months that the country had a trade surplus. It ...
