Business

Reezal Merican’s tenure as MATRADE Chairman extended for another two years

MATRADE reported that in 2024, Malaysia's export value grew by 5.7%, reaching RM1.508 trillion.

Updated 1 year ago · Published on 14 Mar 2025 10:43AM

Reezal Merican’s tenure as MATRADE Chairman extended for another two years
Under Reezal Merican’s leadership, MATRADE has successfully achieved significant milestones - March 14, 2025

DATUK SERI Reezal Merican Naina Merican will continue his role as the Chairman of the Malaysia External Trade Development Corporation (MATRADE) for an additional two years, starting April 18, 2025.

The announcement of the extension was made by Tengku Datuk Seri Zafrul Abdul Aziz, the Minister of Investment, Trade, and Industry, during the launch of the MADANI Digital Trade (MDT) initiative at the Malaysia International Trade and Exhibition Centre (MITEC) yesterday.

In a statement issued today, MATRADE highlighted that the extension of Reezal Merican's tenure is based on the remarkable achievements under his leadership since he was first appointed as chairman in April 2023.

"Under Reezal Merican’s leadership, MATRADE has successfully achieved significant milestones in boosting the country’s export value and strengthening Malaysia’s international competitiveness," it said.

MATRADE reported that in 2024, Malaysia's export value grew by 5.7%, reaching RM1.508 trillion, or 87.2% of the target set under the Mid-Term Review of the 12th Malaysia Plan (RMK12).

Additionally, MATRADE credited Reezal Merican with contributing to the success of the Malaysia International Halal Showcase (MIHAS), which gained global recognition.

"MIHAS 2023 set a Guinness World Record for the 'Largest Halal Trade Exhibition Attendance,' while MIHAS 2024 achieved the highest sales value in its history, amounting to RM4.3 billion—34% higher than the previous year," MATRADE added.

Reezal Merican also took an active role in leading the Export Acceleration Mission (EAM) to Egypt and Libya, which resulted in RM250 million in sales and created more opportunities for local exporters, particularly in the Middle East and North Africa (MENA) region.

The extension of his service is expected to further strengthen MATRADE's role in developing effective strategies to drive Malaysia's international trade growth. - March 14, 2025

Spotlight

Malaysia

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

Business

Oil prices rise as Gulf attacks threaten supply recovery

Business

SC expands new co-investment fund in 2027 to unlock growth capital for Malaysian businesses

Business

SC targets stronger board oversight through higher standards for company secretaries

Business

Oil prices stay above US$93 as Middle East tensions put pressure on ringgit