Business

Malaysia’s export value likely to hit RM1.2 trillion this year: Azmin

International trade minister says country saw record RM114 bil export in October

Updated 4 years ago · Published on 28 Nov 2021 7:00PM

Malaysia’s export value likely to hit RM1.2 trillion this year: Azmin
International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali says the goal set out under the 12th Malaysia Plan is for export value performance to hit RM1.24 trillion, but it could be achieved four years ahead of the target. – Azmin Ali Facebook pic, November 28, 2021

KAJANG – The country’s export value is projected to reach RM1.2 trillion this year, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.

He said the goal set out under the 12th Malaysia Plan is for export value performance to hit RM1.24 trillion, but it could be achieved four years ahead of the target.

The minister said it was more gratifying when the country recorded RM114 billion worth of exports for October this year, which was the highest value ever accomplished.

“This proves the government’s move to reopen the borders of districts, states and the country has brought back confidence among local and foreign investors to continue investing in the country,” he told a press conference after attending the “Selangor Semarak Prihatin” programme at the Kajang District Police headquarters here today.

On Malaysia’s investment performance for the period of September-November, Azmin said the country recorded investments of more than RM300 billion, exceeding the target of RM270 billion set out by Prime Minister Datuk Seri Ismail Sabri Yaakob.

The minister said the achievement of the target proves that foreign investors are confident in the country’s business ecosystem and investment policy, namely the National Investment Aspirations. – Bernama, November 28, 2021

Related News

Malaysia / 5mth

Malaysia’s Green Party calls for ban on export of critical rare earths to US

Malaysia / 8mth

Selangor Ruler orders end to pig farming in Tanjung Sepat

Business / 1y

Time to diversify, not rely on sole trading partner, says Penang CM

Business / 2y

Policy from 1990s centralising cargo shipping to Port Klang abolished: Madani govt

Malaysia / 2y

Thailand's raw sugar export restriction won’t affect affect supply in M’sia: minister

Malaysia / 2y

REE export ban: Perak didn’t violate restrictions, says Saarani

Spotlight

Malaysia

Five fatal helicopter crash victims honoured in Sarawak state awards

Malaysia

No Malaysian is left behind; Budget 2027 puts people first - Anwar  

Malaysia

Panama hit by 6.4-magnitude earthquake

Malaysia

Haze blankets 33 areas with unhealthy air

Malaysia

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Malaysia

Budget 2027: What is in it for me?

Malaysia

Budget 2027 steps up Sabah, Sarawak funding by RM2.2b amid push for development parity

Malaysia

Budget 2027: Maternity leave entitlement increased, minimum pension raised to RM1,350

You may be interested

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge

Business

Budget 2027 channels RM270m to SMEs through crowdfunding, P2P financing

Business

Budget 2027 targets foreign e-commerce platforms, channels billions into local firms and startups

Business

Malaysia draws US$9.5b in orders for US$1.5b sukuk, cuts borrowing costs