Sun, 03 Dec 2023

KUALA LUMPUR -- Malaysia's exports were lower by 18.6 percent to 115.16 billion ringgit (24.54 billion U.S. dollars) in August on slower global demand and lower commodity prices, official data showed Tuesday.

Exports of manufactured goods which accounted for 85.4 percent of total exports dropped by 17.7 percent year on year following reduced demand for electrical and electronic products, petroleum products as well as palm oil-based manufactured products, the Ministry of Investment, Trade and Industry (MITI) said in a statement. (Malaysia-Exports-Drop)

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HANOI -- Vietnam's exports of computers, electric devices and phones witnessed bright spots in August, according to the latest statistics of the General Statistics Office of Vietnam.

The country earned about 5.15 billion U.S. dollars from exporting phones and components in August, a surge of 15.7 percent. (Vietnam-Electric Devices-Exports)

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ISLAMABAD -- The macroeconomic environment of Pakistan remained challenging during the first half of the current year, the State Bank of Pakistan (SBP) said in the mid-year performance review of the banking sector for 2023.

The review covers the performance and soundness of Pakistan's banking sector from January to June 2023 (H1CY23), the SBP said in a statement Monday evening. (Pakistan-Macroeconomic Environment-Challenging)

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SEOUL -- South Korea's automotive export kept a double-digit growth for the 14th straight month due to robust demand for eco-friendly vehicles, government data showed Tuesday.

Car shipment jumped 28.7 percent from a year earlier to 5.3 billion U.S. dollars in August, continuing to increase in double figures since July last year, according to the Ministry of Trade, Industry and Energy. (S.Korea-Car Export-Growth)

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