MALAYSIA’S JAN TRADE SURPLUS MAY HAVE WIDENED TO RM7.8 BLN – MOODY’S

KUALA LUMPUR, Malaysia March 2 (NNN-Bernama) — 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.–NNN-BERNAMA

Source: NAM News Network