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Outlook for exports positive for rest of 2021

PETALING JAYA: Rising vaccination rates, gradual lockdown easing measures and a global economic rebound are expected to spur Malaysian exports for the remainder of 2021. Centre for Market Education chief executive officer and Institute for Democracy and Economic Affairs (Ideas) senior fellow Carmelo Ferlito, (pic below) said the outlook for exports and international trade remained positive for the next two quarters. Carmelo Ferlito. “However, while the manufacturing sector is allowed to operate, it more easily finds its way to external markets rather than internally, where domestic demand is expected to remain weak. “Production is not enough to revive the economy. If you produce, but the retail sector is closed and consumers are not allowed to spend, then your production needs to move somewhere else,” he told StarBiz.

Controlling pandemic key in dealing with challenges

PETALING JAYA: The tabling of the much awaited 12th Malaysia Plan (12MP) for 2021-2025 will hinge on how fast the uncertainties at the political front and the ravaging Covid-19 can be contained, say economists and analysts. They opined that there is still no clear picture on the tabling of the five-year medium term strategic plan despite being postponed for at least three times. The government recently announced that Parliament would reconvene on July 26. Judging by the current political upheaval amid the surging Covid-19 cases, Malaysian Rating Corp Bhd (MARC) chief economist Firdaos Rosli expects the tabling of the 12MP could be delayed again.

Not enough to just reduce daily infections | The Malaysian Insight

Not enough to just reduce daily infections | The Malaysian Insight
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