Malaysia

2024 - 1 - 18

Malaysia's Economic Rollercoaster: From Rubber Exports to Offshore Ventures

Economy - Kim Heng - Malaysia - Offshore Ventures - Rubber Exports - Rubber Industry - Sports - Tech Innovation - Tech Sector

From rubber exports to offshore ventures, Malaysia's economy takes unexpected turns. Find out more about the country's diverse economic activities!

Malaysia is making waves in multiple sectors, from expanding its offshore ventures with Singapore's Kim Heng to earning billions from rubber exports. The country's marine engineering services provider, Kim Heng, has embarked on a new joint venture in Malaysia, enhancing its presence in the region.

On the export front, Malaysia reaps significant rewards from its rubber industry, with earnings of RM27.16 billion in 2023. The Malaysian Rubber Council highlights the US and EU as the top destinations for these exports, showcasing the country's global reach in the rubber market.

In the sporting arena, Malaysia's Tigress faces challenges, suffering a fourth consecutive loss at the Valencia Olympic Qualifier against South Korea. The team's resilience and determination in the face of tough competition underscore Malaysia's sportsmanship.

Looking towards future growth, Malaysia explores new opportunities in the tech sector with discussions of a potential substrate play by Taiwan's Kinsus. This tech advancement hints at Malaysia's commitment to staying at the forefront of innovation and development.

**Fun Fact:** Malaysia's rubber glove exports contribute to a significant portion of its overall rubber export earnings. **Interesting Fact:** Malaysia's economic growth projection for 2023 faced unexpected hurdles due to lower than expected export figures.

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Image courtesy of "Splash 247"

Kim Heng expands footprint in Malaysia with new offshore JV (Splash 247)

Singapore offshore vessel operator and marine engineering services provider Kim Heng has formed a new joint venture in Malaysia.

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Image courtesy of "Free Malaysia Today"

Malaysia earns RM27.2bil from rubber exports in 2023 (Free Malaysia Today)

The top two export destinations are the US and EU, says the Malaysian Rubber Council.

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Image courtesy of "Malay Mail"

Malaysia earns RM27.16b from rubber exports in 2023, says MRC (Malay Mail)

KUALA LUMPUR, Jan 18 — Malaysia has earned RM27.16 billion from rubber exports in 2023, with 70 per cent, or RM19.04 billion coming from rubber gloves, ...

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Image courtesy of "New Straits Times Online"

Malaysia Tigress suffer fourth straight loss (New Straits Times Online)

KUALA LUMPUR: Malaysia Tigress lost their fourth consecutive match at the Valencia Olympic Qualifier when they were beaten 3-0 by South Korea in a 5th-8th ...

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Image courtesy of "Financial Times"

Asians woo Tesla, Taiwan's Kinsus mulls Malaysia substrate play (Financial Times)

Simply sign up to the Technology myFT Digest -- delivered directly to your inbox. Hello everyone, this is Akito in Singapore with this week's #techAsia. The ...

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Image courtesy of "Livemint"

Malaysia Airlines seeks code-share pact | Mint (Livemint)

Malaysia Airlines is seeking a partnership with an Indian carrier to increase its presence in the Indian aviation market, with the airline ready to work ...

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Image courtesy of "CSRwire.com"

Kimberly-Clark Malaysia Recognized for Its Excellence (CSRwire.com)

Kimberly-Clark Malaysia was recognized by the American Chamber of Commerce in Kuala Lumpur, Malaysia at the MY Cares Awards Ceremony for our excellence in ...

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Image courtesy of "Aviation Week"

Malaysia Aviation Group Chief Joins Routes Asia Conference ... (Aviation Week)

Malaysia Aviation Group Managing Director Datuk Captain Izham bin Ismail has joined the Routes Asia 2024 conference programme as a keynote speaker.

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Image courtesy of "Yahoo Finance"

CHiQ Electric (Malaysia) and TPA Host 2024 Spring Dealer ... (Yahoo Finance)

On January 15, 2024, CHiQ Electric (Malaysia) SDN BHD, in collaboration with its exclusive distributor for the region, TP AUDIO SDN BHD (TPA), convened the ...

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Image courtesy of "Nikkei Asia"

Malaysia's top electronics chain pivots to online growth strategy (Nikkei Asia)

KUALA LUMPUR -- Malaysia's largest electronics chain, Senheng New Retail, plans to stop opening new brick-and-mortar stores from 2026, according to it.

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Image courtesy of "Reuters"

Malaysia's economy likely grew 3.4% y/y in Q4 - govt (Reuters)

The department began releasing preliminary estimates on quarterly economic performance in October last year, citing demand for more timely statistics and to ...

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Image courtesy of "The Wall Street Journal"

Malaysia's Economy Slowed Sharply in 2023, Advance Estimates ... (The Wall Street Journal)

The country's gross domestic product rose 3.4% in the final three months of 2023, undershooting economists' expectations.

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Image courtesy of "BNN"

Malaysia's Economy Expands 3.4% Last Quarter, Missing Estimate ... (BNN)

(Bloomberg) -- Malaysia's economy grew at a slower-than-estimated pace in the fourth quarter, signaling that a firmer recovery is taking longer than ...

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Image courtesy of "The Straits Times"

Malaysia's economic growth misses estimate as China weighs (The Straits Times)

A slowdown in construction and stagnant manufacturing activity weighed on the economy. Read more at straitstimes.com.

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Image courtesy of "Reuters"

Malaysia central bank likely to keep rates untouched until at least ... (Reuters)

Bank Negara Malaysia (BNM) will leave its overnight policy rate (OPR) unchanged at 3.00% on Jan. 24 and hold it there until at least end-2025 as price ...

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Image courtesy of "The Star Online"

Malaysia's economic growth at 3.4% in 4Q23 - DoSM (The Star Online)

KUALA LUMPUR: Malaysia's economy is estimated to grow by 3.4 per cent in the fourth quarter of 2023 (4Q 2023), as compared to 3.3 per cent in the previous ...

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Image courtesy of "New Straits Times Online"

Advance GDP estimate: Malaysia's economy grew 3.8pc in 2023 ... (New Straits Times Online)

KUALA LUMPUR: Malaysia missed its 4-5 per cent growth target for gross domestic product (GDP) in 2023, according to advance GDP estimates by the Department ...

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Image courtesy of "Bloomberg"

Malaysia's Economic Growth Misses Estimate as China Weighs (Bloomberg)

Malaysia's economy grew at a slower-than-estimated pace in the fourth quarter as exports to China fell, signaling that a firmer recovery is taking longer ...

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Image courtesy of "INQUIRER.net"

Malaysia's economy likely grew 3.4% year-on-year in Q4 —gov't (INQUIRER.net)

In the third quarter of 2023, gross domestic product (GDP) had expanded 3.3 percent as strong domestic demand offset a slump in exports. Malaysia's exports, ...

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Malaysia's 2023 GDP growth lower than expected | World ... (http://en.vietnamplus.vn/)

Malaysia's economy grew at a slower-than-estimated pace in the fourth quarter of 2023, as exports to China fell, signaling that a firmer recovery is taking ...

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Image courtesy of "The Star Online"

Malaysia's trade outlook positive, exports to rebound by 4.3% in ... (The Star Online)

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) maintained its sanguine view of Malaysia's trade outlook for 2024, with exports to rebound by 4.3 per cent ...

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Image courtesy of "http://en.vietnamplus.vn/"

Thailand, Malaysia bolster rail link | World | Vietnam+ (VietnamPlus) (http://en.vietnamplus.vn/)

Thailand is considering a railway connection between its Sungai Kolok station and the east coast of Malaysia to promote trade and tourism.

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Image courtesy of "The Business Times"

Estimates put Malaysia's economic expansion at 3.8% in 2023, missing forecast due to weak exports (The Business Times)

[KUALA LUMPUR] Malaysia's economic growth in 2023 is estimated to have expanded at a slower-than-expected pace due to lower exports. The country's gross domestic product (GDP) is projected to have grown by 3.4 per cent in the fourth quarter last year, ...

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Image courtesy of "Bangkok Post"

Rail link with eastern Malaysia studied (Bangkok Post)

Thailand and Malaysia are considering a railway connection between Sungai Kolok and the east coast of Malaysia to promote trade and tourism.

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