KUALA LUMPUR, July 28 — MIDF Amanah Investment Bank has maintained Malaysia’s exports and imports growth projection at 13.5 per cent and 12.7 per cent year-on-year , respectively.
It said as a trading nation involved in the global supply chain, the strong demand for technology products and semiconductors would continue to drive the country’s electrical and electronics exports. For the resource-based exports, it said growing external demand, as well as the rising prices, would support the trade outlook for petroleum and palm oil-based products.
However, the investment bank said it believed the lockdown would be a temporary drag before activities were allowed to resume in the latter part of the year as more people got vaccinated, increasing the chance to reach herd immunity this year.