[ PETALING JAYA: Malaysia has potential to improve its current account balance by enhancing the services component of the account, particularly in the travel subcategory, says Malaysian Rating Corp Bhd (MARC). In a statement, the rating agency pointed out that after three years of deficit, Malaysia registered a surplus in the travel subcategory in 2023, … Read more
[ French carmaker Citroën has announced the commencement of exports of locally manufactured Ë-C3 electric vehicles to international markets. Citroën is the first multinational car manufacturer in India to achieve this and aligns with Citroën’s global ambitions of democratising electric mobility to increase the adoption of sustainable and clean modes of transportation, the company said … Read more
[ NEW DELHI: Global automotive major Stellantis plans to make India a hub for exports of electric vehicles initially targeting Southeast Asian markets, according to a senior company official. Stellantis India on Thursday commenced exports of its Made in India ‘E-C3’ electric car with the shipment of 500 units to Indonesia and is seeking to … Read more
[ KUALA LUMPUR: Malaysia has secured potential investments worth RM46 billion and potential Malaysian exports valued at RM2.4 billion from its recent trade and investment mission to Germany and France. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, who was leading the mission, said among notable companies engaged during the mission were … Read more
[ KUALA LUMPUR: RHB Research has maintained its optimistic view of the manufacturing sector based on a brighter trade outlook. In a research note today, it said export activity has started to gain momentum amid higher outbound shipments of electrical and electronics (E&E) and commodity-based products as illustrated in the recent data. “The resiliency in … Read more
[ New Delhi: India saw a 36 percent dip in its exports of refined petroleum products this year as compared to the last, government data shows. Experts put these fluctuations chiefly down to one major geopolitical event — the ongoing Russia-Ukraine conflict. According to data from the Ministry of Commerce and Industry, India’s refined petroleum exports for FY … Read more
[ AS Malaysia navigates the aftermath of a potential miss in its targeted gross domestic product (GDP) growth for 2023, economists offer a mixed outlook on GDP for this year. While some are optimistic, pointing to the strong recovery of private consumption and investment with government policies boosting economic activities, others recognise challenges like macroeconomic … Read more
[ TAIPEI: Taiwan’s trade-dependent economy accelerated in the fourth quarter, growing faster than expected thanks to strong domestic consumption and a rebound in exports, and expanded 1.4% for the full year. Taiwan is a key hub in the global technology supply chain for companies such as Apple Inc, and home to the world’s largest contract … Read more
[ NEW DELHI: Abolition of tariffs or import duties on industrial goods in Switzerland is seen to help exporters of Indian textiles, shoes and other industrial inputs going into the European nation.The move comes at a time when India is in the final stages of concluding talks for a trade treaty with European Free Trade … Read more
[ KUALA LUMPUR: MATRADE will continue to boost Malaysia’s aerospace players into the global supply chain in line with the New Industrial Masterplan’s (NIMP) goal of increasing economic complexity while increasing aerospace revenues as envisioned in the Malaysian Aerospace Industry Blueprint (MAIB). It said MATRADE intended to increase aerospace product and services exports to Europe … Read more
