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Malaysia’s exports grew over 15% in November

KUALA LUMPUR: Malaysia’s exports rose by 15.6 percent year on year to 130.24 billion ringgit ($29.46 billion) in November, official data showed on Monday. The growth was underpinned by outbound shipments of electrical and electronic (E&E) products, liquefied natural gas (LNG) and petroleum products, the Southeast Asian nation’s Ministry of International Trade and Industry (MITI) said […]

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Malaysia’s trade expands 15.6% to RM238.17bil in November

KUALA LUMPUR: Malaysia’s trade continued its stellar performance and maintained an upward trajectory in November 2022 with trade expanded by 15.6 per cent to RM238.17 billion compared to November 2021 — the 22nd consecutive month of year-on-year (y-o-y) double-digit expansion. The Ministry of International Trade and Industry (MITI) said in a statement today that exports […]

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Malaysia: Exports hit a soft patch

MALAYSIA’S merchandise trade in terms of exports and imports has entered a soft patch in tandem with weakening global demand. The severity of that slowdown is now being debated, with some expecting it to possibly get worse and long-drawn, while others view it to be a probable mild downturn. Recessions are expected in the United […]

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Malaysia: Slow FDI inflow likely

PETALING JAYA: Foreign direct investment (FDI), which saw a strong growth in the first nine months of this year, could face speed bumps in 2023 that may reduce inflows into the country as foreign investors withhold their spending. On top of the looming recessionary risk, economists agree the tighter global monetary and financial conditions, coupled […]

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Malaysia to focus on core competency of workforce to up prospects – Mida chairman

KUALA LUMPUR: Investment prospects in Malaysia have risen dramatically because of the country’s prolonged economic interaction with the global economy. “As the Malaysian economy undergoes transformation, we must continue to develop the people’s core competencies so that our workforce can compete effectively in the global economy for the benefit of the country, attracting high-tech investments […]

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