Kuala Lumpur (VNA)🔯 – Malaysia’s import-export turnover in November last year was valued at 125 billion RM (29 billion USD), up 7.6 percent from a year ago, according to the statistics released on January 8 by the country’s Ministry of International Trade and Industry (MITI).
Of the figure, exports rose 6.3 percent to 67.6 billion RM (15.7 billion USD) and imports reached nearly 57.4 billion RM (13.3 billion USD), up 9.1 percent.
According to the MITI, the November exports increased thanks to the rising demands in such markets as ASEAN, the European Union, China , and the US .
Commodities with high export growth included metal, oil and gas products, machinery, equipment and spare parts, chemicals, and palm oil.
In the January-November period, the country’s import-export turnover reached nearly 1.34 trillion RM (311 billion USD), a year-on-year increase of 1.1 percent.
Trade surplus in the reviewed period was 86.3 billion RM (20 billion USD), up 17.3 percent.
According to Malaysia ’s Bank Negara, the country targeted an economic growth of 4.5-5.5 percent in 2015, with respective export and import growths of 1.5 percent and 6 percent.-VNA
Malaysia's trade in March this year rose by 4.6 percent to 120.46 billion RM (more than 37 billion USD) from the same month last year, according to the Ministry of International Trade and Industry (MITI).
Malaysia’s export dropped 3.1 percent in October from a year ago, which is its lowest level since June 2013, due to the lower demand from China and Japan and the fall in exports of petroleum and palm oil products.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
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Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Illustration photo. (Source: Internet))
