A Buy Malaysian Products campaign was launched in 2021 in Langkawi to help traders suffering from the Covid-19 lockdowns. — LIM BENG TATT /The Star
MALAYSIAN-made goods can help mitigate, but not eliminate, price hikes from global trade wars, as the country still relies heavily on imported intermediate goods.
Think tank Bait Al Amanah research assistant Yugendran T. Kannu Sivakumaran highlights that, based on the latest figures from Matrade (the Malaysia External Trade Development Corporation), 54.6% of Malaysia’s imports consist of goods used in production, such as parts.
