Malaysia’s rubber product exports hit 8.46 billion RM (over 2 billion USD) in the first half of this year, up 15.1 percent compared to the same period last year.
Malaysia’s rubber product exports hit 8.46 billion RM (over 2 billion USD) in the first half of this year, up 15.1 percent compared to the same period last year, announced the country’s Ministry of Plantation Industries and Commodities.
In 2014, Malaysia’s export value reached 10.7 billion RM (2.52 billion USD), accounting for 52 percent of the global export market share.
Of the figure, the gloves sub-sector stood out as the most prominent product in terms of its contributions to export earnings.
This year, rubber exports are expected to hit 16 billion RM (3.84 billion USD), surpassing the initial target of 15.17 billion RM (3.64 billion USD) due to strong performance in the first six months of 2015.
To boost exports, the industry will pour over 7 billion RM (1.68 billion USD) into new plants and equipment and to replace existing lines between now and 2020, focusing on enhancing technology and innovation with the aim to raise productivity and efficiency of the industry.
Malaysia is the world’s largest rubber exporter in terms of volume while Thailand is the top in terms of value.
According to Minister Douglas Uggah Embas, rubber manufacturers are making substantial efforts to increase the export of original 𓄧brand manufactured products with the intent t🔴hat the country will become the world's largest exporter both in value and volume.-VNA
Malaysia’s rubber export was estimated to hit 38 billion RM (equivalent to 11.8 billion USD) in 2013 and is forecast to reach 40.4 billion RM (12.5 billion USD) in 2014.
Malaysian exports of natural rubber (NR) in May plummeted 17.4 percent from the previous month to 40,500 tonnes, the country’s statistics department said on July 13.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: Internet)
