Finance minister sees sustainable economic growth for Malaysia in 2H19 | Malay Mail

06 September 2019

In a statement today, he noted that Malaysia’s July exports rose by 1.7 per cent to RM88 billion from RM86.5 billion a year ago — against market expectations of a 2.5 per cent year-on year drop — amid a tough global environment beset by rising trade tensions and global growth slowdown. “This healthy trade balance will keep the country’s current account in surplus for the year and shield the Malaysian domestic economy from rising uncertainties caused by global headwinds, following the continued trade war between China and the US,” said Lim.

“Between July 2018 and April this year, Malaysia’s share of photosensitive semiconductor device and diode-transistor imports by the US increased by approximately 10 per cent and six per cent, respectively. Approved manufacturing investment from the US surged to RM11.7 billion in H1 2019 from RM307 million during the same period last year.

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