Wednesday, 7 December 2016

Malaysia. Falling Exports. Come Together

Is the massive hit for Echo Smiths last year from their debut album Talking Dreams.

Malaysia's October exports fall the most in 18 months, but Singapore"s UOB believes Malaysia can start thinking about TALKING Dreams, as everything is about to COME Together.

The Nikkei Asian review has the story. Read Below:

)Malaysia's October exports fell the most in 18 months at a steeper-than-expected rate, led by a sharp decline in shipments of natural gas and crude petroleum, government data showed.

Exports totalled 69.20 billion ringgit ($15.56 billion) in October, 8.6% lower than the 75.7 billion ringgit recorded in the same month last year, the federal Statistics Department said in a statement. That compares to the median 5.6% drop predicted by economists and September's 3.0% year-on-year decrease.

Economists expect a weakened Malaysian ringgit could help boost the country's exports in the months ahead, especially when latest indicators suggest that global trade and manufacturing activities in advanced economies and China remain steady.

"We project exports to turn around" in the first quarter of 2017, in-part due to lower base of comparison and steady commodity prices, said United Overseas Bank's economist Julia Goh.