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...
KUALA LUMPUR: The ringgit rose against the US dollar in early trade on Thursday despite the greenback’s appeal as a safe-haven currency remaining firm amid the risk-averse sentiment surrounding the market. At 8.11 am, the ringgit appreciated to 4.4250/4355 against the US dollar compared with yesterday’s close of 4.4300/4355. The greenback gained additional ground while the US...
KUALA LUMPUR: The ringgit was slightly higher in early trade Monday as the US dollar trended up modestly after the release of mixed US labour data for November. At 8.15 am, the local currency advanced to 4.4125/4250 against the US dollar, compared to Friday’s close of 4.4170/4220. The US labour market data released Friday showed the Nonfarm...
NEW DELHI: Prime Minister Datuk Seri Anwar Ibrahim's visit to Pakistan and Bangladesh this week has added new dynamism to the vital relationships that boost Malaysia's expanding trade and foreign relations. In Islamabad, Anwar and his delegation were warmly received, with the Pakistani government making sure the importance it attached to the visit was fully conveyed. The...
KUALA LUMPUR: The trade volume between Malaysia and China for the first seven months of this year reached US$117.52bil (RM549.84bil), says China's Ambassador to Malaysia, Ouyang Yujing. The Chinese Embassy in Malaysia reported a 10.8% increase compared to the same period last year. Furthermore, he said China’s non-financial direct investment in Malaysia has grown to US$1.28bil (RM5.99bil),...
TASHKENT: Prime Minister Datuk Seri Anwar Ibrahim's visit to Uzbekistan from May 17 until 19 is seen as an opportunity for business entities in Malaysia to expand their business and to penetrate the Uzbekistan market, and even to explore the bigger Central Asian market. Anwar's discussion with Uzbekistan President Shavkat Mirziyoyev on the first day of...
TASHKENT: Prime Minister Datuk Seri Anwar Ibrahim's official visit to Uzbekistan, the Kyrgyz Republic and Kazakhstan in Central Asia last week yielded positive results not only in terms of economic cooperation and several other sectors but also in the mission to find more staunch friends. While many leaders of other countries are focused on official visits...
KUALA LUMPUR: Malaysia's economy is estimated to grow at 3.4 per cent in the fourth quarter of 2023 (4Q 2023), representing a slight uptick from the previous quarter's growth of 3.3 per cent, according to the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said notably, the services sector retained its position...
