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September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 85

September 5, 2018 2:01 AM US to lead Security Council talks on Iran in late September: Haley

UNITED NATIONS, United States: US President Donald Trump plans to lead a meeting of heads of state of the United Nations Security Council meeting on Iran in late September, his envoy Nikki Haley announced Tuesday. With the United States now holding the presidency of the Security Council, Haley said the aim is to put further pressure on Tehran over its alleged 101

August 25, 2018 7:12 AM Business as usual for Australian economy under new PM

SYDNEY: Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the economy. The 50-year-old outgoing treasurer took the top job after a Liberal Party revolt instigated by hardline conservatives, led by Peter Dutton, to unseat 14

August 23, 2018 7:20 AM Margma: Exports revenue for rubber glove expected to rise 16% to RM18.8b this year on strong global demand

PETALING JAYA: The Malaysian rubber glove industry is expected to generate RM18.8 billion in export revenue this year, driven by robust global demand. This represents a projected 16% growth compared with the RM16.2 billion made last year. "The global demand for rubber gloves continues to rise and is expected to increase from 232.2 billion gloves in 2017 to 268 billion 15

August 16, 2018 2:48 AM Indonesian ban on poultry from Malaysia has no impact on exporters

PETALING JAYA: Indonesia's ban on the import of fresh poultry and unprocessed products from Malaysia shipped after Aug 9 will not have any impact on Malaysian exporters, as they have not been in the market for more than a year now. According to an industry player who declined to be named, a ban on Malaysian poultry has actually been in effect since the H5N1 avian 29

August 6, 2018 7:17 AM Sarawak-China trade at RM15.8b last year: Abang Johari

KUCHING: Trade between Sarawak and China stood at RM15.8 billion last year, with Sarawak's exports recorded at RM10.1 billion, while imports amounted to RM5.7 billion. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the business collaboration between the two countries is based on Liquified Natural Gas (LNG) and petroleum products, palm oil, timber 13

August 1, 2018 1:14 PM Exports to pick up in June, says RAM

PETALING JAYA: Malaysia’s export growth is expected to pick up to 8.7% in June from 3.4% in May on the back of steady demand from key export markets, while trade surplus is projected to stand at RM11.1 billion said RAM Ratings. The increase is expected despite the slowdown envisaged due to the Hari Raya festive season – thanks to the continued improvement 19

August 1, 2018 12:53 PM Local companies urged to use CCIC to access China market

KUALA LUMPUR: Malaysian companies are urged to utilise the China Certification and Inspection (CCIC) Traceability System to ease market access into China. Deputy International Trade and Industry Minister Dr Ong Kian Ming said this traceability system is a service which provides support for complete supply chain traceability information, from production 19

July 15, 2018 12:21 AM Primary Industries Ministry to continue strengthening kenaf industry

KOTA BARU: The country's commodity sector generated RM140 billion in exports last year, making it the second largest income earner from exports after the electrical and electronics sector. Primary Industries Minister Teresa Kok Suh Sim (pix) said the commodity sector had a huge impact on the country's socio-economic development. "The ministry will continue 15

July 5, 2018 1:14 PM Exports in May up 3.4% to RM82.1b year on year

PETALING JAYA: Malaysia’s exports grew 3.4% to RM82.1 billion in May, outpacing imports, which increased only 0.1% to RM74 billion, on a year-on-year basis said the Department of Statistics. “Exports in May 2018 valued at RM82.1 billion, continued to surpass the RM80 billion mark, increasing by 3.4% from a year ago. Re-exports were valued at RM16.3 billion 20