Malaysia’s halal exports expected to grow 19% to RM50bil this year

Exports declined 5.8% year-on-year to RM57.27bil while November’s export numbers were revised to a growth of 2.3% from 3.3%. — Bernama

KUALA LUMPUR: Malaysia’s halal exports are expected to grow 19% to RM50bil this year from RM42bil in 2015, leveraging on intensive promotions from industry stakeholders.

Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud said the halal industry was fast becoming an important source of revenue and growth as attracting foreign direct investment in the halal products and services would help increase exports.