Business / Trade in Malaysia
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MALAYSIA, 2016/01/17
Exports in USD terms fell 15.5% in annual terms in November, following the 18.4% contraction tallied in October. The contraction was additional severe than analysts had expected and marks the lowest figure in nine months. The result marks 14 consecutive months of contraction, as world request for key Malaysian exports dwindles, and the MYR loses ground against the USD. Meanwhile, imports declined 16.5% in November, which was a less severe contraction than the 20.8% fall recorded in the previous month.
The trade balance narrowed from a USD 3.0 billion surplus in October to a USD 2.3 billion surplus in November. The 12-month moving sum of the trade balance fell from USD 25.6 billion to USD 24.6 billion in November. The 12-month figure has been falling steadily since the middle of last year and indicates that declining oil and gas exports have not been completely offset by manufacturing exports.
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CHINA, 2015/11/18
Premier Li Keqiang will be in Malaysia from Nov. 20-23, he will attend attend the East Asia Leaders' Conference in Kuala Lumpur, an significant platform to map out cooperation between China and Southeast Asian nations. "The Association of Southeast Asian Nations, ASEAN, and its relations with China are at a key juncture. With a proven history of smooth cooperation, both sides should map out a new plan for the coming five years," said Jiang Ruiping, deputy director of China Foreign Affairs University.
The China-ASEAN dialogue partnership will celebrate its 25th year in 2016. The regional organization was founded in 1967 by its 10 member states -- Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam.
An ASEAN community is expected to take shape by the end of this year, it will be the initial sub-regional community in Asia.
"China-ASEAN relations are facing new opportunities [...] at this new starting point," Vice Foreign Minister Liu Zhenmin told a press briefing Tuesday.
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CHINA, 2015/11/18
Chinese President Xi Jinping met with Malaysian Prime Minister Najib Razak here on Tuesday, pledging that China will continue to consider bilateral ties with Malaysia as one of its priorities in neighborhood diplomacy.
"China and Malaysia are good neighbors and friends that trust and respect each other," Xi said during the conference on the sidelines of the 23rd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Conference.
It is the fourth bilateral conference between the two leaders since Xi made a national visit to Malaysia in October 2013. Next their talks in Kuala Lumpur, Xi and Najib announced the establishment of a comprehensive strategic partnership between the two nations.
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JAPAN, 2015/11/09
The transaction was struck last month next five years of tense negotiations, but continues to face fierce opposition. It as well must still be ratified by lawmakers in each member country and some of the nations involved need it to undergo a legal review. The full text is about 6,000 pages long. Critics argue the transaction is biased towards corporations, and does not cover climate change concerns, part other issues.
The long-awaited text of the landmark trade transaction called the Trans-Pacific Partnership (TPP) has been released to the public for the initial time. The text still has to be translated into the languages of the signatories. The TPP is one of the world's most extensive trade agreements, bringing together 12 Pacific rim nations, inclunding the US and Japan.
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BRUNEI , 2015/09/30
Welcoming the commencement of regional integrated economy society of ASEAN Economic Community ( AEC) regime slated for later this year, an initiative to foster production capacity cooperation between ASEAN and China was sought to further expand economy and trade ties between the two economies.
The thought to further explore the cooperation was highlighted in a high level forum discussing next relations of AEC and China in production capacity cooperation held here on Friday, attended by senior figures and stakeholders of the two economies.
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AZERBAIJAN, 2014/09/16
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MALAYSIA, 2014/04/07
Malaysia will on Friday release February figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
Imports were worth 57.6 billion ringgit in January, while exports were at 63.9 billion ringgit for a trade surplus of 6.3 billion ringgit.
The Philippines will see March numbers for consumer prices and February figures for producer prices.
CPI is expected to rise 0.2 % on month and 4.2 % on year next a flat monthly reading and an increase of 4.0 % on year in February. PPI was up 0.6 % on month and 0.1 % on year in January.
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MALAYSIA, 2013/03/12
In Malaysia, 50 additional Innovation Business Opportunities (IBOs) with potential revenue of 950 million ringgit (US$309.24 million) have been made available. The IBOs range from a tropical clothes dryer and a salt replacement seaweed additive to a 5-in-1 machine for paddy field preparation and a dual-locking system for motorcycles.
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MALAYSIA, 2013/03/12
Malaysia said Monday its export activity rebounded 3.5 % in January from a dip a month formerly as request from neighbors and the giant Chinese market picked up. January exports were valued at 56.99 billion ringgit (US$18.37 billion), up 3.5 % year-on-year, the trade ministry said in a statement. Imports rose 16 % to 53.72 billion ringgit.
