Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.
Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD). (Photo: thestar.com.my)
Kuala Lumpur (VNA) - Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.
Export and import values in March once again broke the all-time record highs, at 131.6 billion RM and 104.9 billion RM, respectively.
Malaysian chief statistician Dr Mohd Uzir Mahidin said Malaysia’s imports surpassed the 100-billion-RM mark for the first time ever, signifying a positive sign of domestic economic activity.
Trade surplus widened by 10.3 percent to 26.7 billion RM from 24.2 billion RM in the preceding year, marking the 23rd consecutive month of trade surplus since May 2020.
Malaysia’s exports accelerated by 25.4 percent from 105.0 billion RM to 131.6 billion RM, surpassing the 100-billion-RM mark for the seventh straight month since September 2021. Export value growth in March 2022 was supported by both domestic exports and re-exports.
On the performance for the first quarter of 2022, the DOSM said total trade, exports, imports, and trade surplus continued to record strong double-digit growth.
It said the total trade went up by 23.6 percent, supported by the expansion in exports, up 22.2 percent, as well as imports, up 25.2 percent./.
Indonesian Manpower Minister Ida Fauziyah and Malaysian Minister of Human Resources Saravanan Murugan in Jakarta on April 1 signed a memorandum of understanding (MoU) on Indonesian migrant workers' placement and protection in Malaysia.
Malaysia has seen 252,730 travellers who have entered and left the Malaysia through the main entry points over a four-day period since the re-opening of the country's borders on April 1, said Immigration Director-General Khairul Dzaimee Daud.
The transition to the endemic phase and the reopening of borders have clearly provided a positive impact on the Malaysian economy compared to the pandemic phase two years ago, the Malaysian National News Agency (Bernama) reported, quoting Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed.
Malaysia’s tourism industry aims to earn 47-77 billion ringgit (11.7 – 19.2 billion USD) from international visitors by 2025, according to Malaysian Minister of Tourism, Arts and Culture Nancy Shukri.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD). (Photo: thestar.com.my)
