Malaysia's Trade In Services Up 14.6 Pct To RM497.4 Bln In 2024
KUALA LUMPUR, June 25 (Bernama) -- Malaysia's total trade in services rose by 14.6 per cent to RM497.4 billion last year from RM434.0 billion in 2023, contributing 25.8 per cent to the gross domestic product (GDP) at current prices.
In a statement today, the Department of Statistics Malaysia (DOSM) said exports of services grew by 24.6 per cent to RM242.9 billion from RM195.0 billion in the previous year.
Similarly, imports of services increased by 6.5 per cent to RM254.5 billion against RM239.0 billion in 2023.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
42 minutes ago
- The Sun
Kota MADANI in Precinct 19 not ‘Second Putrajaya'
PUTRAJAYA: The Kota MADANI development project, which is slated to be launched by Prime Minister Datuk Seri Anwar Ibrahim tomorrow, is not the 'Second Putrajaya' as claimed by certain parties, said Putrajaya Corporation (PPj) president Datuk Fadlun Mak Ujud. Instead, it is part of the existing Putrajaya development master plan, he said. He added that the project is a continuation of the implementation of the Putrajaya project, which was outlined previously, involving the division of the area into 20 main precincts covering a total of 4,931 hectares. 'We stress that the development of this Kota MADANI is at Precinct 19, and it is situated inside the 4,931-hectare area of Putrajaya. Only that the context of the Precint 19 development, namely Kota MADANI, is in the form of compact development. 'For context, we have named Precinct 19 as Kota MADANI. We also have developers using a different name for marketing purposes. But Kota MADANI is situated in Precinct 19 of Putrajaya. That needs to be clarified, and it is not another Putrajaya,' he told Bernama and RTM here today. He also explained that compact development is a concept that enables various facilities, such as residences, schools, commercial spaces and public facilities to be built nearby within an area, thus reducing the need to travel far. Meanwhile, Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa has also taken to social media to explain that the Kota MADANI project is not a waste of public funds. She stressed that the project is being developed through a public-private collaboration by Putrajaya Holdings using the Build-Lease-Maintain-Transfer (BLMT) concept, with the RM4 billion cost of development fully borne by the developer. 'The developer will also bear the maintenance cost and, after 25 years, this whole project will belong to the government,' she said. In addition, she said the construction of Kota MADANI is necessary as it will provide 10,000 residential units for civil servants, especially with over 17,000 existing applicants still on the waiting list due to a shortage of housing units. As for the choice in naming the project, Dr Zaliha explained that 'MADANI' is not a political label, but instead carries the values ??of humanity, balance, justice and sustainability. Spanning 41.28 hectares, Kota MADANI is set to feature 10,000 high-density vertical residential units capable of accommodating over 3,000 residents. Its design will integrate artificial intelligence technology, efficient digital infrastructure and a green mobility system. The project begins with the development of its first phase, expected to commence in September, involving the construction of approximately 3,000 residential units and a vertical school, which is slated to be completed and fully operational by the end of 2027. The development of Kota MADANI is a long-term strategic investment to shape Putrajaya's future as a model city that upholds MADANI values and aligns with the vision of Bandar CHASE - a clean, healthy, advanced, safe and eco-friendly city.
Barnama
an hour ago
- Barnama
Agro MADANI Sales Tour In Penang Boosts Market Reach For Local Agropreneurs
KUALA LUMPUR, June 25 (Bernama) -- For many small-scale agropreneurs in Penang, the Agro MADANI Sales Programme (JAM) Penang Tour Edition is more than just a marketplace, it's a launchpad for growth, helping them build sustainable incomes and expand into markets beyond state borders. Now in its third edition, this time held in the capital as part of the Selangor leg of the tour, the programme continues to serve as a strategic platform to strengthen the marketing network and outreach of Penang's agricultural entrepreneurs, said State Executive Councillor for Trade and Entrepreneurship and Rural Development Datuk Rashidi Zinol. He said the programme, organised by the Federal Agricultural Marketing Authority (FAMA) in collaboration with the Penang government, is not merely a sales event but a high-impact initiative aimed at generating long-term income for agropreneurs. 'Previously, the programme was held in Melaka and Kelantan, both of which received encouraging responses. The current edition has not only sustained that momentum but also opened new avenues for Penang products to penetrate interstate markets,' he said. 'InsyaAllah, we will bring the tour to other strategic locations. We are currently identifying areas with strong market potential and opportunities to help our entrepreneurs broaden their reach,' he added. Rashidi was speaking after officiating the Penang showcase of the JAM Tour at FAMA headquarters here today. Also present were FAMA chairman Aminuddin Zulkipli and director-general Abdul Rashid Bahri. Commenting further, Rashidi said the state government remains committed to supporting such initiatives to ensure lasting impact on local agropreneurs and producers nationwide. Among the products featured at this edition of the JAM Tour were Penang durians, a signature offering of the state, which drew strong demand, including advance orders ahead of the event. In addition to durians, Penang entrepreneurs also offered a wide range of fresh and dried food products, including vegetables, fruits, chicken, fish, meat and essential goods such as cooking oil, flour and rice.
The Star
an hour ago
- The Star
Precinct 19's Kota Madani not a 'second Putrajaya', says PPj president
PUTRAJAYA: The Kota Madani development project, which is slated to be launched by Prime Minister Datuk Seri Anwar Ibrahim on Thursday (June 26), is not a "Second Putrajaya" as claimed by certain parties, says Datuk Fadlun Mak Ujud ( pic ). The Putrajaya Corporation (PPj) president said that it is part of the existing Putrajaya development master plan. He added that the project is a continuation of the implementation of the Putrajaya project, which was outlined previously, involving the division of the area into 20 main precincts covering a total of 4,931ha. "We stress that the development of this Kota Madani is at Precinct 19, and it is situated inside the 4,931ha area of Putrajaya. Only that the context of the Precint 19 development, namely Kota Madani, is in the form of compact development. "For context, we have named Precinct 19 as Kota Madani. We also have developers using a different name for marketing purposes. But Kota Madani is situated in Precinct 19 of Putrajaya. That needs to be clarified, and it is not another Putrajaya," he told Bernama and RTM here Wednesday (June 25). He also explained that compact development is a concept that enables various facilities, such as residences, schools, commercial spaces and public facilities to be built nearby within an area, thus reducing the need to travel far. Meanwhile, Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa has also taken to social media to explain that the Kota Madani project is not a waste of public funds. She stressed that the project is being developed through a public-private collaboration by Putrajaya Holdings using the Build-Lease-Maintain-Transfer (BLMT) concept, with the RM4bil cost of development fully borne by the developer. "The developer will also bear the maintenance cost and, after 25 years, this whole project will belong to the government," she said. In addition, she said the construction of Kota Madani is necessary as it will provide 10,000 residential units for civil servants, especially with over 17,000 existing applicants still on the waiting list due to a shortage of housing units. As for the choice in naming the project, Dr Zaliha explained that "Madani" is not a political label, but instead carries the values of humanity, balance, justice and sustainability. Spanning 41.28ha, Kota Madani is set to feature 10,000 high-density vertical residential units capable of accommodating over 3,000 residents. Its design will integrate artificial intelligence technology, efficient digital infrastructure and a green mobility system. The project begins with the development of its first phase, expected to commence in September, involving the construction of approximately 3,000 residential units and a vertical school, which is slated to be completed and fully operational by the end of 2027. The development of Kota Madani is a long-term strategic investment to shape Putrajaya's future as a model city that upholds Madani values and aligns with the vision of Bandar CHASE - a clean, healthy, advanced, safe and eco-friendly city. - Bernama
