Malaysia trade outlook positive

Upward trend: The momentum of export growth is on the upward trend, says Wan Latiff. — AFP

KUALA LUMPUR: The trade outlook continues to be optimistic for Malaysia despite the ongoing US-China trade war, said Malaysia External Trade Development Corp (Matrade) chief executive officer Datuk Wan Latiff Wan Musa.

“We are confident that exports this year would go beyond RM1 trillion as last year it was RM998bil and so far in the first five months exports grew by 0.3% and we only needed a 0.2% (growth) to reach RM1 trillion. So, basically we have already hit our target and in the next six months, looking at the trends from statistics of foreign direct investments and the purchasing managers index we are confident that exports will increase in the second half as well,” he said at a press conference after the unveiling of a Sage survey on domestic businesses.