Government allows export of onions to six countries, sets buffer stock target

[ New Delhi: The government has allowed the export of 99,150 MT of onion to six countries namely Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka, according to a statement by the Press Information Bureau (PIB). The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country. … Read more

Malaysia registers economic growth of 3% in 4Q, 3.7% in 2023

[ KUALA LUMPUR: Malaysia’s economic growth slowed to 3% in the fourth quarter of 2023, with exports remaining subdued over the quarter on prolonged weakness in external demand. The country’s gross domestic product (GDP) was lower than 3.3% growth registered in the previous quarter, disappointing market expectations. READ ALSO: Economy expected to grow 3.4% in … Read more

Malaysia continues to register soft exports in Nov

[ KUALA LUMPUR: Malaysia recorded negative trade growth in November 2023 with a 2.4% decline in overall trade to RM231.79bil over the same month in 2022. In a statement, the Ministry of Investment, Trade and Industry (Miti) said exports during the month contracted 5.9% year-on-year (y-o-y) to RM122.1bil while imports grew 1.7% y-o-y to RM109.69bil. … Read more