Business

Geopolitical trends working in Malaysia’s favour: Moody’s

Importers looking to palm oil as Ukraine, a major exporter of sunflower oil, faces war, says outfit

Updated 4 years ago · Published on 07 Mar 2022 4:00PM

Geopolitical trends working in Malaysia’s favour: Moody’s
Moody’s Analytics says that Malaysia has been benefitting from the increased global demand for its electrical exports and would likely to be insulated from the materials shortage because of its stockpile of them. – The Vibes file pic, March 7, 2022

KUALA LUMPUR – Malaysia’s outlook is tentatively optimistic as the domestic economy has largely reopened and restrictions are unlikely to be reinstated despite the Omicron wave, Moody’s Analytics said.

In its Asia Pacific Economic Preview note today, it said geopolitical trends were working in Malaysia’s favour.

“Ukraine exports more of the world’s sunflower oil, and importers are looking at other edible oils such as palm oil to make up for the squeeze in supply.

“As the world’s second largest producer of palm oil, Malaysia will benefit from the uptick in prices, especially if it manages to ease its labour shortage,” it said.

Moody’s Analytics noted that the semiconductor sector, which was already affected by a shortage, was facing an additional setback as crucial materials were exported mainly by Russia and Ukraine.

It said Malaysia has been benefitting from the increased global demand for its electrical exports and would likely to be insulated from the shortage because of its stockpile of raw materials. – Bernama, March 7, 2022

Related News

World / 4d

Bangkok floods: The real pain starts when waters recede

Malaysia / 2w

Anutin’s first year: Restoring Thailand’s political status quo

Malaysia / 3w

Northern Malaysia must prepare for the consequences of lower rainfall

Opinion / 1mth

Massive attacks in the Thai Deep South aimed at destroying the economy

Malaysia / 1mth

Malaysia records 6% GDP growth in Q2 despite global headwinds, says Sim

Malaysia / 1mth

Six per cent growth proves Malaysia's economy remains resilient - PM

Spotlight

Malaysia

Do not hide school safety issues to protect reputation - IGP

World

Flydubai pilot planned to crash plane into terminal at Ben Gurion Airport

Malaysia

Sabah Pan Borneo Highway: Only 4 of 35 packages complete after a decade

Malaysia

School caning was never abolished, Minster says

Malaysia

Sepang draws record crowd as Bahrain GP puts Malaysia back on F1 map

Malaysia

Irene Sofiya died from blunt-force head injuries, post-mortem confirms

Malaysia

No CCTV at spot where Irene was killed, says Minister

Malaysia

Irene’s only focus was her studies and her dream to become a doctor - aunt

You may be interested

Business

Oil supply risks mount as Brent tops US$102 on threat of Middle East shipping routes disruption

Business

Tabung Haji posts record RM4.64b profit on stronger investment performance

Business

Middle East conflict puts Malaysian SMEs under growing financial pressure - BNM