Following Malaysian Prime Minister, Tan Sri Muhyiddin Yassin’s declaration that the entire country will be on a movement control order starting from 15th June 2021, to deal with the rise in Covid-19 cases, InvestPenang would like to inform that:
• InvestPenang office will be closed from 15th June 2021. Operation will resume when there are further directives from the government.
• InvestPenang team will still be working from home and reachable via emails. Please refer to our respective emails at https://investpenang.gov.my/about-invest-penang/.
We remain committed to support our stakeholders through this difficult time.

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KUALA LUMPUR, May 7 — Malaysia’s exports and imports are expected to grow at 7.3 per cent and 7.5 per cent, respectively, this year, as external trade is expected to maintain its positive momentum, says JF Apex Securities Bhd.

It said external trade would be driven by the manufacturing sector, backed by strong global trade activities and meaningful recovery in commodity prices.

While overall external trade was expected to remain positive, growth would be at a slower pace, as the prevailing trade war between the United States and China could derail global trade and hence affect export performance, it said in a research note.

Meanwhile, JF Apex said Malaysia’s exports in March 2018 exceeded consensus expectation, growing 2.2 per cent, year-on-year, (y-o-y) to RM84.5 billion, mainly supported by steady exports to Hong Kong, the European Union and India.

Imports in March 2018 contracted to 9.63 per cent, y-o-y, marginally below market expectation mainly due to subdued growth in all main components.

“As such, the country’s trade surplus registered the highest value since October 2008 at RM14.7 billion, a 172 per cent increase, y-o-y,” it added. — Bernama

Source: https://www.malaymail.com/s/1628270/malaysias-2018-exports-and-imports-to-see-growth
Photo Credit: Malay Mail