Malaysia’s external trade activities is expected to expand steadily beyond 2023 amid the impact of new trade agreements, apart from elevated commodity prices and lower interest rates, according to a research released on February 2 by Malaysian Industrial Development Finance Berhad (MIDF).
Malaysian Minister of International Trade and Industry Zafrul Aziz on January 5 affirmed that the Southeast Asian nation will continue implementing contents of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Malaysia’s Prime Minister Anwar Ibrahim on January 4 said that Malaysia does not discriminate against any country in conducting COVID-19 checks on inbound travellers as its priority is the health and safety of the people.
Despite difficulties caused by COVID-19, international trade was considered Malaysia’s economic leverage in 2022, expanding by close to 30% to 2.613 trillion MYR (593.5 billion USD) for the period of January to November 2022, according to the latest figure published by the Department of Statistics of Malaysia.
The Malaysian economy is anticipated to start moderating due to impact of global economic instability in the first months of 2023, the country’s Department of Statistics (DOSM) said on December 29.
A men’s football open tournament was organised by the Executive Board of Vietnamese Community in Malaysian state of Selangor on December 25, aiming to boost the building of a cohesive community.
Malaysia’s Gross Domestic Product (GDP) growth is likely to exceed the earlier projection of between 6.5 % - 7% in 2022, according to Malaysian Prime Minister Datuk Seri Anwar Ibrahim.
Severe flooding in parts of Malaysia has resulted in the displacement of over 56,000 people in five states, according to Government data on December 20.
Malaysia’s trade rose by 15.6% year-on-year in November to 238.17 billion RMB (about 53.6 billion USD), marking the 22nd straight month of double-digit growth, according to the Malaysia External Trade Development Corporation (MATRADE).
Malaysia’s property sector will continue to face many challenges in 2023, due to a clear oversupply of properties in certain sectors and locations in the country, said insiders.
Malaysia has attracted a total 193.7 RM (nearly 44 billion USD) worth of approved investment from January to September this year, up a 2.5% increase compared to the same period last year, according to Malaysian Investment Development Authority (MIDA).
Malaysian Prime Minister Anwar Ibrahim noted on December 12 that his country pledged to keep working with other members of the Association of Southeast Asian Nations (ASEAN) to facilitate the admission of Timor-Leste as the 11th member of the bloc.
