Wednesday, July 26, 2006
Electronics exports powered the Malaysian economy in 2005 and are expected to grow even faster this year, according to a report released this week by Ministry of International Trade and Industry.
It said exports in 2005 soared 11 percent to reach 534 billion ringgit ($145 billion), with electrical and electronics products representing almost half of the total.
It forecast that annual exports from the electronics sector would rise from the current 265 billion ringgit ($72 billion) to 411.7 billion ringgit ($112 billion) by 2010 on the back of higher consumer demand.
Much of this demand is expected to come from Asia Pacific due to the regional "expansion in electronic commerce and the increase in consumer purchasing power," the ministry said.
By: DocMemory
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