logo
MATRADE Secures Over RM120 Mln Trade Prospects At Korea Import Fair 2025

MATRADE Secures Over RM120 Mln Trade Prospects At Korea Import Fair 2025

Barnama6 days ago
BUSINESS
KUALA LUMPUR, July 15 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) has total trade prospects exceeding RM120 million in Malaysia's inaugural participation at the July 7-9 Korea Import Fair (KIF) 2025.
In a statement today, MATRADE said this is more than double its initial target of RM60 million.
Malaysia Pavilion showcased 12 companies and one government agency and was the largest national pavilion at the fair.
It also implemented a range of targeted promotional initiatives to amplify Malaysia's presence to include business matching sessions with South Korean importers, digital marketing and social media campaigns, live streaming sessions and strategic media engagements.
'The impact of these initiatives was reflected in the strong results recorded. Malaysian products that garnered strong interest from South Korean buyers were jewellery such as necklaces and bracelets, footwear, ICT services, apparel, tropical fruits, and food and beverages,' it said.
MATRADE chief executive officer Datuk Mohd Mustafa Abdul Aziz said its participation is part of its broader strategy to unlock export opportunities and outcomes, reaffirming the importance of strategic partnerships, focused promotional efforts and tailored business matching to create new avenues for Malaysian exporters.
'MATRADE's participation in KIF 2025 aligns with Malaysia's long-term vision of strengthening regional connectivity and expanding market access in Northeast Asia,' he added.
-- BERNAMA
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit extends gain vs US$ in opening trade
Ringgit extends gain vs US$ in opening trade

The Star

time36 minutes ago

  • The Star

Ringgit extends gain vs US$ in opening trade

KUALA LUMPUR: The ringgit continued to strengthen against the US dollar at the opening session on Monday, continuing from last Friday, as the Malaysian economy was projected to grow higher in the second quarter, signalling that the country's economy remains resilient. Malaysia's economy was forecast to grow by 4.5 per cent in the second quarter based on advance gross domestic product (GDP) estimates last Friday, slightly outpacing the previous quarter's 4.4 per cent. At 8 am, the ringgit rose to 4.2330/2540 against the greenback, compared to Friday's close of 4.2410/2455. However, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid sees the ringgit remaining in a narrow range as concerns over US tariffs continue to affect market sentiment as the Aug 1 deadline looms. "As such, expect ringgit to range between RM4.24 and RM4.25 today as traders remain fairly cautious," he told Bernama. At the opening, the ringgit was traded mostly higher against a basket of major currencies. It dipped against the Japanese yen to 2.8518/8662 from 2.8517/8549, strengthened against the British pound to 5.6790/7072 from 5.6999/7060 and advanced versus the euro to 4.9230/9474 from 4.9336/9388 at Friday's close. The local note also trended higher against most ASEAN currencies. It rose vis-à-vis the Singapore dollar to 3.2944/3110 from 3.3027/3065, gained against the Thai baht to 13.0608/1337 from 13.3027/3065, appreciated against the Indonesian rupiah to 259.7/261.1 from 260.2/260.6 and edged up versus the Philippine peso to 7.40/7.44 from 7.41/7.43. previously. - Bernama

Local retailers extend purchases for two consecutive weeks
Local retailers extend purchases for two consecutive weeks

The Star

time36 minutes ago

  • The Star

Local retailers extend purchases for two consecutive weeks

KUALA LUMPUR: Local retailers continued their net buying activities, resulting in a two-week consecutive streak of purchases on Bursa Malaysia, MIDF Amanah Investment Bank Bhd said today. The investment bank said a net inflow of RM239.4 million was recorded last week, around four times higher than the previous week's inflow of RM52.7 million. However, foreign investors extended their net selling streak to two consecutive weeks, registering a net outflow of RM206.1 million. "Foreign investors were net sellers on every trading day except Monday and Friday, with outflows ranging from RM61.9 million to RM173.3 million. The largest outflow was recorded on Wednesday, followed by Tuesday with RM88.3 million and Thursday with RM61.9 million. "Monday and Friday recorded net inflows of RM1.21 million and RM116.2 million, respectively,' MIDF Amanah said in its fund flow report today. It noted that the top three sectors that recorded the highest net foreign inflows were construction (RM199.5 million), transportation and logistics (RM102.1 million) and industrial products and services (RM94.7 million). The top three sectors that recorded the highest net foreign outflows were financial services (RM525.4 million), technology (RM86.1 million) and consumer products and services (RM71.8 million). "Local institutions reversed their buying momentum last week, ending their streak of eight consecutive weeks of net inflows, recording a withdrawal of RM33.3 million,' MIDF Amanah said. The average daily trading volume (ADTV) experienced a broad-based incline last week except local institutions. MIDF Amanah said foreign investors and local retailers recorded increases of 6.9 per cent and 9.0 per cent, respectively, while local institutions saw a decrease of 2.6 per cent. - Bernama

Ringgit extends gain vs US dollar in opening trade
Ringgit extends gain vs US dollar in opening trade

New Straits Times

time36 minutes ago

  • New Straits Times

Ringgit extends gain vs US dollar in opening trade

KUALA LUMPUR: The ringgit continued to strengthen against the US dollar at the opening session on Monday, as the Malaysian economy was projected to grow higher than expected to 4.5 per cent in the second quarter, signalling that the country's economy remains resilient. Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter based on advance gross domestic product (GDP) estimates last Friday, slightly outpacing the previous quarter's 4.4 per cent. At 8 am, the ringgit rose to 4.2330/2540 against the greenback, compared to Friday's close of 4.2410/2455. However, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid sees the ringgit remaining in a narrow range as concerns over US tariffs continue to affect market sentiment as the Aug 1 deadline looms

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store