World Economy

Malaysia Economy Healthy

Malaysia Economy HealthyMalaysia Economy Healthy

Malaysia’s continued trade surplus in the past 216 consecutive months, despite current economic challenges, has showcased the country’s healthy and strong fundamentals, Bernama reported. Second International Trade and Industry Minister Ong Ka Chuan said, on an average, Malaysia’s monthly exports stood at RM66 billion ($15.4 billion) while imports amounted to RM56 billion. “We have never experienced a trade deficit since the financial crisis in 1997,” he told reporters after officiating Malaysia’s leading trade fashion and lifestyle event. FACIT@INTRADE and MFW 2015, beginning Nov. 4 until Nov. 7, is part of Malaysia External Trade Development Corporation’s signature event called International Trade Malaysia. Ong said the fashion and textile industry offered huge potential for trade given the many talented local designers, especially global fashion icon Jimmy Choo. Meanwhile, Matrade Chief Executive Officer and MFW Chairman Dzulkifli Mahmud expected the event to generate 10% higher sales this year compared with RM90.3 million recorded last year,” he added.