ID :
132183
Fri, 07/09/2010 - 15:24
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Shortlink :
https://oananews.org//node/132183
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MALAYSIA'S TRADE WITH SOUTH-SOUTH COUNTRIES AT RM141.72 MLN
KUALA LUMPUR, July 9 (Bernama) -- Malaysia's total trade with the South-South countries stood at RM141.72 million (US$44.28 million) in the first four months of this year with exports to these countries totalling RM81.97 million (US$25.615 million).
In stating this, Malaysian Industrial Development Authority (MIDA) deputy
director-general Afifuddin Abdul Kadir said the trade performance between
Malaysia and the South-South countries was seen as encouraging, especially in
the manufacturing and services sectors.
During the January-April period this year, Malaysia's major exports to the
South-South countries were electrical and electronic products, palm oil,
chemicals and chemicals product, crude petroleum and machinery as well as
appliances and parts.
"Malaysia has a strong and resilient economy that provides vast
opportunities for participants in both parties to futher expand their trade
links," Afifuddin said at the opening of the familiarisation programme for
officials of investment promotion agencies of the South-South countries here
today.
The 10-day familiarisation programme, which involved 35 participants from 17
South-South countries, was organised by MIDA to share Malaysia's experience in
the promotion and coordination of industrial development promotion of foreign
and domestic investment and formulation of policy and incentives.
Afifuddin said MIDA had so far received a lot of interest from the
South-South countries to invest here.
"There are four to five companies from the South-South countries that have
shown their interest to do business in our country. Hopefully, we can see these
companies here by year-end," he said.
He, however, declined to name the companies, but urged investors from the
South-South countries to tap Malaysia's strength in the oil and gas industry.
For the first four months of this year, 37 projects with investments worth
RM2.27 billion ((US$709 million) were approved from the South-South countries,
Afiduddin said.
For these projects, the major approvals were from Singapore with investments
amounting to RM1.8 billion (US$562 million), followed by China at RM473.87
million (US$148.08 million), Thailand at RM13.54 million (US$4.23 million), the
United Arab Emirates at RM6.68 million (US$2.1 million) and Pakistan at
RM6.28 million (US$1.962 million).
On an industry basis, the major approvals were in electrical and electronic
products, basic metal products, chemicals and chemical products, food
manufacturing and fabricated metal products.
-- BERNAMA
In stating this, Malaysian Industrial Development Authority (MIDA) deputy
director-general Afifuddin Abdul Kadir said the trade performance between
Malaysia and the South-South countries was seen as encouraging, especially in
the manufacturing and services sectors.
During the January-April period this year, Malaysia's major exports to the
South-South countries were electrical and electronic products, palm oil,
chemicals and chemicals product, crude petroleum and machinery as well as
appliances and parts.
"Malaysia has a strong and resilient economy that provides vast
opportunities for participants in both parties to futher expand their trade
links," Afifuddin said at the opening of the familiarisation programme for
officials of investment promotion agencies of the South-South countries here
today.
The 10-day familiarisation programme, which involved 35 participants from 17
South-South countries, was organised by MIDA to share Malaysia's experience in
the promotion and coordination of industrial development promotion of foreign
and domestic investment and formulation of policy and incentives.
Afifuddin said MIDA had so far received a lot of interest from the
South-South countries to invest here.
"There are four to five companies from the South-South countries that have
shown their interest to do business in our country. Hopefully, we can see these
companies here by year-end," he said.
He, however, declined to name the companies, but urged investors from the
South-South countries to tap Malaysia's strength in the oil and gas industry.
For the first four months of this year, 37 projects with investments worth
RM2.27 billion ((US$709 million) were approved from the South-South countries,
Afiduddin said.
For these projects, the major approvals were from Singapore with investments
amounting to RM1.8 billion (US$562 million), followed by China at RM473.87
million (US$148.08 million), Thailand at RM13.54 million (US$4.23 million), the
United Arab Emirates at RM6.68 million (US$2.1 million) and Pakistan at
RM6.28 million (US$1.962 million).
On an industry basis, the major approvals were in electrical and electronic
products, basic metal products, chemicals and chemical products, food
manufacturing and fabricated metal products.
-- BERNAMA
