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Industry players, businesses foresee soft trade data for 2019 | Malay Mail

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KUALA LUMPUR, Feb 2 — Malaysia’s trade performance for 2019, scheduled to be announced this Tuesday by Minister of International Trade and Industry Datuk Darell Leiking, is expected to be a bit softer as compared to the previous year. Anticipation is running high on how Malaysia’s...

File picture shows Minister of International Trade and Industry Datuk Ignatius Darell Leiking speaking during a press conference at i-Tech Tower, Cyberjaya August 9, 2019. — Picture by Shafwan Zaidon

Several industry players and businesses opine that 2019 was a challenging year for the local export community as there were multiple global headwinds facing them. Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai said that throughout 2019, the federation saw a sluggish performance of the global economy and Malaysia was not spared from its effects.

“Despite the low global demand throughout 2019, a lot of our SME exporters were focused on finding new markets and value-adding their products as well as services to cater to new segments of buyers.

 

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