Malaysia’s January trade surplus may have widened to RM7.8b, says Moody’s

Moody’s Analytics predicted that Malaysia’s annual export growth was likely to pick up from its lull in December, coming in at 4.9 per cent year-on-year. — Picture by Ahmad Zamzahuri
Moody’s Analytics predicted that Malaysia’s annual export growth was likely to pick up from its lull in December, coming in at 4.9 per cent year-on-year. — Picture by Ahmad Zamzahuri

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KUALA LUMPUR, March 2— Moody’s Analytics expects Malaysia’s monthly trade surplus is likely to widen in January to RM7.8 billion from the RM7.2 billion last December.

In its Asia-Pacific Economic Preview: March 5-9 released today, Moody’s Analytics predicted that Malaysia’s annual export growth was likely to pick up from its lull in December, coming in at 4.9 per cent year-on-year.

“We expect tech shipments will remain a bright spot amid robust consumer demand. Another bright spot will be palm oil, which had a tough time in December.

“A rebound is expected through the first quarter, as Malaysia has suspended export duties on crude palm oil,” it said. — Bernama

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