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Malaysian companies seeking Philippines partners

Attracted by the Philippine’s growing market and economy, six Malaysian mid-tier companies from the construction, food and beverage, energy generation, and automotive and industrial lubricants sectors are currently in the country to search for potential partners, an official of the Malaysia External Trade Development Corporation (MATRADE) said. MATRADE recently organized a market immersion to the […]

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MIER: Decline seen in Malaysian business sentiment

KUALA LUMPUR: The domestic business sentiment is expected to continue declining from October to December amid slower national economic growth and external vulnerabilities. However, the Malaysian Institute of Economic Research (MIER) executive director Prof Zakariah Abdul Rashid said the domestic business conditions remained favourable despite the uncertainties on the near-term outlook in the fourth quarter. Zakariah said local production may experience a sharp decline in the […]

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Malaysia’s next major export — durian

KUALA LUMPUR: The stinky, spiky durian is set to become Malaysia’s next major export as the Southeast Asian nation rushes to develop thousands of acres to cash in on unprecedented demand for the fruit from China. Once planted in family orchards and small-scale farms, the durian, described by some as smelling like an open sewer […]

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Malaysia and Japan ink halal cooperation deal

TOKYO: Malaysia and Japan have signed a memorandum on halal cooperation to pave the way for more business opportunities in the halal industry. The agreement was signed by Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof and Japanese Economy, Trade and Industry Minister Hiroshige Seko. Mohd Redzuan said the cooperation sent a strong signal on the seriousness of both countries in realising a win-win collaboration. He […]

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Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy

JAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world’s top palm oil producer, announced measures to increase shipments. The sharp drop in palm oil prices in late trading was in direct response to the announcement that Indonesia will help palm oil exporters by reducing its export levy to zero from $50 a tonne previously, traders said. Until now the Indonesian levy had […]

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