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Malaysia: October exports jump 25.5% to a record high

PETALING JAYA: The country’s export value in October rose 25.5% year-on-year (y-o-y) to a record RM114.4bil as the global economy continues to see a gradual recovery. Imports were higher by 27.9% to RM88.2bil and total trade expanded to RM202.6bil from RM160.1bil in October 2020, the Statistics Department said. “Trade surplus in October 2021, with a […]

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Malaysia: Ringgit opens slightly higher as US dollar tumbles on Omicron concern

KUALA LUMPUR, Nov 29 — The ringgit opened slightly higher against the US dollar today, as the greenback retreated on concerns about the latest coronavirus variant and travel controls being imposed by various countries. At 9am, the local note rose to 4.2350/2395 against the greenback from 4.2370/2400 at Friday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said […]

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Malaysia: Trade and investment the key

PETALING JAYA: With Covid-19 cases on the uptrend in many countries and the emergence of a new potent variant, a stronger emphasis on the “building blocks” – trade, investment and sustainable supply chain – has increased. Malaysia, as a trading nation, should not lose track of these areas if it intends to reinvigorate its economy […]

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