HANOI: Vietnam's durian export industry faces difficulties in entering the Chinese market due to new inspection regulations for durian exports. China has tightened inspection of Basic Yellow 2 (BY2) residues in durian batches exported from other countries to this market, including Vietnam, with 90 per cent of its durians exported to China. The inspection regulation was issued...
KUALA LUMPUR: Malaysia’s trade in November 2024 recorded the 11th successive month of year-on-year (YoY) growth, expanding by 2.9% to RM237.85bil. “Exports increased for the second consecutive month, growing by 4.1% to RM126.57bil and imports were higher by 1.6% to RM111.28bil,” the Investment, Trade & Industry Ministry (Miti) said in a statement. The trade surplus in November...
BANDAR SERI BEGAWAN: Brunei Darussalam marked a significant milestone in its economic diversification and bilateral relations with Singapore through the signing of a Memorandum of Understanding (MoU) to produce, distribute, and market PDS and Pondok Abang products in both countries. This historic collaboration paves the way for Brunei’s first commercial-scale export of processed beef products to...
PETALING JAYA: Apollo Food Holdings Bhd (AFHB) remains cautious on its outlook for the rest of the financial year, as it expects adverse price fluctuations of raw materials to remain a key concern. In a filing with Bursa Malaysia, the group, which markets compound chocolates, chocolate confectionery products and cakes, said it will closely monitor the situation and...
PETALING JAYA: Musang King Durians from Malaysia are being sold at RM350 per fruit in China, says Datuk Seri Mohamad Sabu. "This is what I saw during my visit to Shenzen, China. All the durians were sold off within a couple of hours," he wrote in a Facebook post on Monday (Aug 26). The Agriculture and Food...
KUALA LUMPUR: Malaysia is focussing on China to export fresh durians because there is a vast market and interest there for the king of fruits, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu. “Imagine if 10% of their (China) citizens are eating durians, no matter how much durian we harvest here, it won’t be...
PUTRAJAYA: Malaysia and China have exchanged 14 memorandums of understanding (MOUs) through which both countries will share expertise and best practices, and collaborate in various fields. The exchange of MOUs was witnessed by Prime Minister Datuk Seri Anwar Ibrahim and Chinese Premier Li Qiang during the latter’s three-day official visit to Malaysia. Among the highlights was the...
KUCHING: Sarawak has approved the introduction of state sales tax (SST) on the export of ferroalloys and polysilicon as part of efforts to diversify revenue sources, says Datuk Amar Douglas Uggah. The Deputy Premier said the tax would be imposed at the rate of 1.5% effective Sept 1 this year. "This is a fair and reasonable rate...
HO CHI MINH CITY: The export of Vietnam’s aquatic products, including processed tuna, posted positive growth in the first quarter of 2024, bringing hope to its seafood industry, reported Vietnam News Agency (VNA). According to the Vietnam Association of Seafood Exporters and Producers (Vasep), canned tuna exports in the said period surged 53 per cent year-on-year,...
IPOH: The state government has received almost RM16mil in royalty payments from the export of rare earth carbonate (REC) to China, says Mentri Besar Datuk Seri Saarani Mohamad (pic). He said the operation of the non-radioactive rare earth elements (N-RREE) pilot project on 87.4ha (216 acres) in Kenering, Hulu Perak generated the royalties after the tenth...
