Malaysia’s trade to shrink for another month in July, says RAM ratings
03 September 2019
It said exports and imports were expected to fall by 1.8 per cent and 1.1 per cent, respectively, resulting in a narrower overall trade surplus of RM7.7 billion for the month. RAM Ratings said the rapid escalation of both the rates and scope of tariffs by both the United States and China in the past two months, covering almost all bilateral trade between the two countries, was likely to aggravate the already sluggish global trade momentum.
Most notably, Indonesia and South Korea each saw exports drop 8.6 per cent in H1 2019, followed by Hong Kong and Taiwan which registered a downtick of 3.6 per cent and 3.4 per cent, respectively, the rating firm said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia, Cambodia to sign DTA, strengthen bilateral trade ties | Malay MailPHNOM PENH, 1 Sept — Malaysian Prime Minister Tun Dr Mahathir Mohamad will witness the signing of the Double Taxation Avoidance Agreement (DTA), which will further strengthen the bilateral trade ties between the Malaysia and Cambodia, during his official three-day visit to the country from Sept 2...
Read more »
Bursa Malaysia ends sharply lower on renewed trade tension | Malay MailKUALA LUMPUR, Sept 3 — Bursa Malaysia closed sharply lower, in line with most of the regional stock markets due to renewed concern over the US-China trade tension with losses mostly seen in the consumer product and plantation counters, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM...
Read more »
Asian markets mostly down as tariffs kick in | The Malaysian InsightTrump says negotiators will meet this month to discuss trade war.
Read more »
Maszlee says Tamil film ‘Raatchasi’ captures his aspirations for education in Malaysia | Malay MailKUALA LUMPUR, Sept 2 — Education Minister Maszlee Malik describes the Tamil film Raatchasi as having portrayed the policies and changes that were being made for implementation in the country’s education. He said the film had interpreted his aspirations which included the Free Breakfast...
Read more »
Dr M reminisces about Malaysia Airlines’ good food, says national carrier can be private | Malay MailKUALA LUMPUR, Sept 1 — Malaysia Airlines Bhd used to serve good food, Prime Minister Tun Dr Mahathir Mohamad said bluntly in an interview with the national carrier’s inflight magazine Going Places. In sharing his fond memories of flights with the airlines, Dr Mahathir said: “Those days, I...
Read more »
Malaysia wants to be role model for peace and order, says Mujahid | Malay MailPUTRAJAYA, Sept 1 — Malaysia wants to be a role model for the whole world especially Muslim countries in fostering a culture of peace and order despite the many conflicts and religious disputes in the world. Minister in the Prime Minister’s Department Datuk Seri Dr Mujahid Yusof Rawa told...
Read more »