KUALA LUMPUR: Malaysia’s strong exports last year will likely persist this year, with continued demand for electronics and an upturn in global oil prices. IHS Global Insight Asia Pacific chief economist Rajiv Biswas said there was sustained strength in the electrical and electronics (E&E) sector, the largest contributor to Malaysia’s merchandise exports. Malaysian merchandise exports rose by 10.7 per cent year-on-year in December last year, driven by strong growth in exports of E&E products as well as refined oil products. “Exports of E&E products, which accounted for 35.8 per cent of total exports, rose by nine per cent year-on-year, while exports of refined petroleum products, which accounted for 6.5 per cent of total exports, rose by 71.9 per cent year-on-year. “Exports of palm oil and palm-based products, which accounted for 8.5 per cent of total exports, rose by 24.5 per cent year-on-year,” he added.

Source: New Strait Times February 10, 2017 03:02 UTC