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NewsMalaysia's exports to stay weak, says MIDF Research
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Malaysia's exports to stay weak, says MIDF Research
by hlk Thu 09 May 2013, 16:10
Business & Markets 2013
Written by Bernama
Thursday, 09 May 2013 14:25
A + / A - / Reset
KUALA LUMPUR (May 9): MIDF Research Sdn Bhd expects the drag
on Malaysia's exports to continue to remain weak in the coming months.
It said exports fell for the second month on weak earnings from palm oil
and rubber and weak external demand for electrical and electronic
(E&E) products.
"We expect weak commodity prices and soft demand for E&E products
to continue in the first half of 2013," it said in a research note today.
"In the case of Malaysia, we believe the increase in imports of
intermediate and capital goods that exclude lumpy products are on a
healthy trend, suggesting
that the domestic economic growth is being driven by domestic
activities, compensating for the shortfall in exports," it added.
Written by Bernama
Thursday, 09 May 2013 14:25
A + / A - / Reset
KUALA LUMPUR (May 9): MIDF Research Sdn Bhd expects the drag
on Malaysia's exports to continue to remain weak in the coming months.
It said exports fell for the second month on weak earnings from palm oil
and rubber and weak external demand for electrical and electronic
(E&E) products.
"We expect weak commodity prices and soft demand for E&E products
to continue in the first half of 2013," it said in a research note today.
"In the case of Malaysia, we believe the increase in imports of
intermediate and capital goods that exclude lumpy products are on a
healthy trend, suggesting
that the domestic economic growth is being driven by domestic
activities, compensating for the shortfall in exports," it added.
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