Export variety to help cushion Malaysia from external shocks

Quick Summary:

Malaysia's diversified exports, both in terms of products and markets, mean that the country will be more resilient to external headwinds, including tariffs and trade restrictions, says Bank Negara deputy governor Datuk Marzunisham Omar.

On the ringgit, the deputy governor said Bank Negara will work with its Asean counterparts to encourage businesses to use local currencies in facilitating trade within the region.

However, because the majority of corporations in Malaysia are small and medium enterprises, these companies need more guidance, especially in the adoption of digitalisation, which would lead to higher productivity and wages.

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Article Details

Author / Journalist: KEITH HIEW

Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaHong KongJapanSouth KoreaNew ZealandSingaporeTaiwanUnited States

Topics: WageProductivityGap Economy SemiconductorExports /Business/Business News DiversifiedMarkets TourismBoost ExportResilience RinggitLocalisation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 00:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 891 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27359365

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 11 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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