KUALA LUMPUR — Pakistan plans to import more Malaysian palm oil to make up for losses incurred since India imposed informal restrictions on Malaysian imports last month. Speaking alongside visiting Pakistani Prime Minister Imran Khan today, Malaysian Premier Mahathir Mohamad said Pakistan is “quite ready” to import more of the commodity from Malaysia. Khan in turn thanked Mahathir for speaking out against New Delhi’s policies in Kashmir, a disputed Muslim-majority region divided between India and Pakistan, and said his country will “try its best to compensate” Malaysia for India’s apparent retaliation. Mahathir has also accused the Indian government of discriminating against Muslims.
KUALA LUMPUR — Malaysia’s trade with the US grew by 5.6 per cent to 164.45 billion ringgit (40 billion dollars) in 2019, government statistics released Tuesday show. The surge came despite an overall trade decline of 2.5 per cent during what Deputy Trade and Industry Minister Ong Kian Ming described as “a very challenging 2019”. Malaysia’s increased trade with the US was “to a large extent” a result of commerce being diverted from China because of trade tensions between Washington and Beijing, Ong told dpa during a press conference announcing the 2019 trade data. “E and E exports to the US increased significantly,” Ong added, referring to electrical and electronic goods, of which Malaysia is the world’s seventh-largest manufacturer.