KUALA LUMPUR (March 3): Malaysia's exports increased 13.6% to RM70.2 billion from a year earlier on higher sales of crucial products like electrical and electronic (E&E) goods, palm oil besides oil and gas-related goods to major buyers. The department said Malaysia's E&E exports increased 11.4% while refined petroleum product sales rose 85.8%. "Palm oil and palm oil-based products (8.5% of total exports) rose RM1.1 billion (+23.3%) to RM6 billion. The department said imports increased 16.1% to RM65.5 billion from a year earlier on higher intermediate and capital goods purchases. In December 2016, Malaysia's exports and imports rose 10.7% and 11.5% from a year earlier respectively, according to the department.

Source: The Edge Markets March 03, 2017 05:08 UTC