ID :
168386
Tue, 03/15/2011 - 14:20
Auther :
Shortlink :
https://oananews.org//node/168386
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RAM RATINGS SEES SHORT TERM SUPPLY CHAIN DISRUPTIONS IN JAPAN
KUALA LUMPUR, March 15 (Bernama) -- RAM Rating Services Bhd expects Friday's catastrophic earthquake and tsunami that hit northeastern Japan to have short term disruptions in supply chains.
RAM Holdings Bhd group chief economist Dr Yeah Kim Leng said shortage in supply would also push up prices and this would have an impact on products imported from Japan.
He said diversification of production and to source supply from other unaffected areas would enable the Japanese companies to mitigate the short term supply disruptions.
"We do see short term disruptions. How quickly they can smooth up supply depends on their ability to source alternative supplies," he told reporters at the RAM-Investor Rountable 2011 here Tuesday.
He said continued appreciation of the Japanese yen due to repatriation activities would boost Malaysia's exports to Japan.
Meanwhile, Yeah said RAM maintained its forecast of 5.6 per cent growth for the Malaysian economy this year despite the political turmoil in the Middle East and North Africa region and the earthquake and tsunami in Japan.
The rating agency believed that growth of the country's economy would continue to be supported by strong domestic demand, boosted by the implementation of the Economic Transformation Programme projects, he said.
RAM Holdings Bhd group chief economist Dr Yeah Kim Leng said shortage in supply would also push up prices and this would have an impact on products imported from Japan.
He said diversification of production and to source supply from other unaffected areas would enable the Japanese companies to mitigate the short term supply disruptions.
"We do see short term disruptions. How quickly they can smooth up supply depends on their ability to source alternative supplies," he told reporters at the RAM-Investor Rountable 2011 here Tuesday.
He said continued appreciation of the Japanese yen due to repatriation activities would boost Malaysia's exports to Japan.
Meanwhile, Yeah said RAM maintained its forecast of 5.6 per cent growth for the Malaysian economy this year despite the political turmoil in the Middle East and North Africa region and the earthquake and tsunami in Japan.
The rating agency believed that growth of the country's economy would continue to be supported by strong domestic demand, boosted by the implementation of the Economic Transformation Programme projects, he said.
