Malaysia's exports in 2009 are expected to decline for the first time in eight years as the global economic downturn hits the trade-dependent nation, officials said Wednesday.
Trade Minister Muhyiddin Yassin said exports are projected to grow 4.6 percent this year but likely to contract by 1.5 percent in 2009 given expectations for weaker demand from the U.S., Japan and Europe - Malaysia's key trading partners.
The government earlier targeted exports to grow 4.6 percent in 2009, but slashed its forecast after warning that the country's economy would likely grow 3.5 percent next year instead of 5.4 percent.
Muyhiddin said demand for electrical and electronics sector, which accounts for about 40 percent of Malaysia's exports, has softened in the U.S. and Europe but still see robust orders from Asia.
"While there is a softening in the market, demand has not been too adversely affected," he said.
"The (overall export) projection is not encouraging...but we hope that this will be a cushion in a dampening market," he added.
Over the January-September period, Malaysia's exports rose 16 percent to 512 billion ringgit ($146 billion). Last year, exports reached 605 billion ringgit ($172.8 billion).
The last time exports growth contracted was in 2001 when they shrank 6.8 percent.
Muhyiddin congratulated Democrat Barack Obama for his victory in the U.S. presidential elections but urged the new administration not to fall back on protectionist policies that would hurt free trade.
"There is an Obama-mania, there is high expectations of the new leadership in the U.S.," he said.
"The only concern at the moment...is whether America under Obama will adopt a pro-protectionist policy to try to safeguard its own domestic interest because they are facing the worst financial situation in 80 years," he said. "We would like to see a totally new America that takes interest not only in America but the whole world."
http://www.kansascity.com/438/story/876211.html
Friday, November 7, 2008
Malaysia sep exports beat expectations
By Rupa Damodaranrupabanerji@nstp.com.my
MALAYSIAN exports in September 2008 beat market expectations and expanded by 15.1 per cent to RM62.31 billion from a year ago.
The Ministry of International Trade and Industry said imports increased by 11.9 per cent to RM47.78 billion, while a trade surplus of RM14.53 billion was recorded in the month.It exceeded market expectations and a Business Times poll, which had expected exports to grow year-on-year by 8.40 per cent and imports by 7.27 per cent.
Minister Tan Sri Muhyiddin Mohd Yassin said the third quarter saw a strong export performance, with trade rising 13.9 per cent to RM328.93 billion against the same period last year.Exports rose 16.9 per cent to RM185.25 billion, while imports grew by 10.3 per cent to RM143.69 billion.Major sectors that contributed to the increase in exports in September were refined petroleum products, crude petroleum, liquefied natural gas, palm oil, chemicals and chemical products and electrical and electronic products.
Muhyiddin said exports to the US were at RM7.37 billion in September 2008, down from RM8.7 billion a year ago, due mainly to a decline in E&E products exports.However, exports to the European Union saw a slight increase of 3.7 per cent due to higher exports of chemicals and chemical products, palm oil and crude rubber.
Malaysia's total exports to Asean in September also increased by 26.2 per cent, with China and Japan seeing an increase of 18.4 per cent and 21.3 per cent respectively from Malaysia.
Exports to India surged by 61.9 per cent, thanks to higher exports of crude petroleum and palm oil.For the nine months of the year, exports grew by 16 per cent to RM512.21 billion while imports increased by 9.1 per cent to RM403.19 billion, resulting in a trade surplus of RM109.03 billion.
Countries like Russia saw exports expanding by 90.1 per cent, Brazil by 40 per cent , China by 34.7 per cent and India by 27.2 per cent.
The Middle East also saw a 37.7 per cent surge to RM22.4 billion."The 14.6 per cent decrease in exports of E&E products was the main factor to the decline of Malaysia's total exports to the US. Increases in exports were, however, registered for palm oil, optical and scientific equipment and rubber products," Muhyiddin said, adding that the increase in palm oil demand was related to trans-fats in vegetable oils.
US investment bank Citi said it does not expect the acceleration in September export growth to be sustained.Exports in the rest of Asia already slowed sharply in September."Leading indicators, including the US ISM PMI (Purchasing Managers Index), and the OECD leading indicator, suggest that industrial country demand will likely soften significantly into the first half of 2009," said Citi vice-president for Asia economics and market analysis, Kit Wei Zheng."The pick up in import growth likely reflects rising imports of intermediate and capital goods used to produce exports, while consumer goods imports are slowing," he added.
Mail webheads for site related feedback and questions. Write to the editor or contact sales for other kind of help. Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia.
MALAYSIAN exports in September 2008 beat market expectations and expanded by 15.1 per cent to RM62.31 billion from a year ago.
The Ministry of International Trade and Industry said imports increased by 11.9 per cent to RM47.78 billion, while a trade surplus of RM14.53 billion was recorded in the month.It exceeded market expectations and a Business Times poll, which had expected exports to grow year-on-year by 8.40 per cent and imports by 7.27 per cent.
Minister Tan Sri Muhyiddin Mohd Yassin said the third quarter saw a strong export performance, with trade rising 13.9 per cent to RM328.93 billion against the same period last year.Exports rose 16.9 per cent to RM185.25 billion, while imports grew by 10.3 per cent to RM143.69 billion.Major sectors that contributed to the increase in exports in September were refined petroleum products, crude petroleum, liquefied natural gas, palm oil, chemicals and chemical products and electrical and electronic products.
Muhyiddin said exports to the US were at RM7.37 billion in September 2008, down from RM8.7 billion a year ago, due mainly to a decline in E&E products exports.However, exports to the European Union saw a slight increase of 3.7 per cent due to higher exports of chemicals and chemical products, palm oil and crude rubber.
Malaysia's total exports to Asean in September also increased by 26.2 per cent, with China and Japan seeing an increase of 18.4 per cent and 21.3 per cent respectively from Malaysia.
Exports to India surged by 61.9 per cent, thanks to higher exports of crude petroleum and palm oil.For the nine months of the year, exports grew by 16 per cent to RM512.21 billion while imports increased by 9.1 per cent to RM403.19 billion, resulting in a trade surplus of RM109.03 billion.
Countries like Russia saw exports expanding by 90.1 per cent, Brazil by 40 per cent , China by 34.7 per cent and India by 27.2 per cent.
The Middle East also saw a 37.7 per cent surge to RM22.4 billion."The 14.6 per cent decrease in exports of E&E products was the main factor to the decline of Malaysia's total exports to the US. Increases in exports were, however, registered for palm oil, optical and scientific equipment and rubber products," Muhyiddin said, adding that the increase in palm oil demand was related to trans-fats in vegetable oils.
US investment bank Citi said it does not expect the acceleration in September export growth to be sustained.Exports in the rest of Asia already slowed sharply in September."Leading indicators, including the US ISM PMI (Purchasing Managers Index), and the OECD leading indicator, suggest that industrial country demand will likely soften significantly into the first half of 2009," said Citi vice-president for Asia economics and market analysis, Kit Wei Zheng."The pick up in import growth likely reflects rising imports of intermediate and capital goods used to produce exports, while consumer goods imports are slowing," he added.
Mail webheads for site related feedback and questions. Write to the editor or contact sales for other kind of help. Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia.
Malaysia: Export growth still possible next year
Business Times
MALAYSIA'S trade performance for the last quarter of 2008 and next year will depend on major factors including the global economy, commodity prices and exchange rates, said the Minister of International Trade and Industry Tan Sri Muhyiddin Mohd Yassin.
"These are challenging times that require pragmatic and innovative measures. The government will support and facilitate the efforts of the private sector to aggressively seek and pursue opportunities overseas," he said after a briefing on Malaysia's trade performance for September 2008 in Kuala Lumpur yesterday.
Markets in the US, Japan and the EU are expected to remain soft in the near term due to their sluggish economic performance."There are still countries that are expected to register growth and these include the BRIC countries of Brazil, Russia, India and China as well as countries with large reserves such as the oil exporting countries," he added.As a grouping, the BRIC countries account for almost half the world's population and offer vast opportunities for Malaysian exporters.
Muhyiddin said feedback from selected companies and industry associations revealed some differences in expectations on export earnings for the October-December 2008 period and 2009."Given that some industries are still positive about their outlook in the last quarter of 2008 and next year, export growth is still possible in 2009 despite concerns over the global economic scenario," he added.
The electrical and electronics (E&E) sector, which contributes about 40 per cent of the country's total exports, expects to see marginal year-on-year growth in exports in the last quarter of 2008 due to forward orders to meet demand for the year-end holidays.
Companies exporting to the Asian markets expect demand to remain buoyant as the region continues to invest in the industrial sector and stimulate consumer spending."Companies exporting E&E products to the Middle East and Latin America anticipate steady export growth in the fourth quarter of 2008 and full year 2009, to meet demands from the construction and telecommunication sectors and consumers," Muhyiddin said.
Demand for rubber gloves should remain strong as global consumption of gloves is projected to grow further next year to meet health and safety requirements. The industry expects 10-12 per cent demand growth.
Wood products, especially plywood for construction, could see lower demand in developed markets as construction and housing projects are deferred due to the declining housing demand in the US, Japan and Singapore."Furniture and wooden panel sectors are expected to see challenging times ahead as Malaysia's exports face stiff competition from low-cost producing countries in addition to the projected lower retail sales in the US," he said.
- By Rupa Damodaran
Mail webheads for site related feedback and questions. Write to the editor or contact sales for other kind of help. Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia.
MALAYSIA'S trade performance for the last quarter of 2008 and next year will depend on major factors including the global economy, commodity prices and exchange rates, said the Minister of International Trade and Industry Tan Sri Muhyiddin Mohd Yassin.
"These are challenging times that require pragmatic and innovative measures. The government will support and facilitate the efforts of the private sector to aggressively seek and pursue opportunities overseas," he said after a briefing on Malaysia's trade performance for September 2008 in Kuala Lumpur yesterday.
Markets in the US, Japan and the EU are expected to remain soft in the near term due to their sluggish economic performance."There are still countries that are expected to register growth and these include the BRIC countries of Brazil, Russia, India and China as well as countries with large reserves such as the oil exporting countries," he added.As a grouping, the BRIC countries account for almost half the world's population and offer vast opportunities for Malaysian exporters.
Muhyiddin said feedback from selected companies and industry associations revealed some differences in expectations on export earnings for the October-December 2008 period and 2009."Given that some industries are still positive about their outlook in the last quarter of 2008 and next year, export growth is still possible in 2009 despite concerns over the global economic scenario," he added.
The electrical and electronics (E&E) sector, which contributes about 40 per cent of the country's total exports, expects to see marginal year-on-year growth in exports in the last quarter of 2008 due to forward orders to meet demand for the year-end holidays.
Companies exporting to the Asian markets expect demand to remain buoyant as the region continues to invest in the industrial sector and stimulate consumer spending."Companies exporting E&E products to the Middle East and Latin America anticipate steady export growth in the fourth quarter of 2008 and full year 2009, to meet demands from the construction and telecommunication sectors and consumers," Muhyiddin said.
Demand for rubber gloves should remain strong as global consumption of gloves is projected to grow further next year to meet health and safety requirements. The industry expects 10-12 per cent demand growth.
Wood products, especially plywood for construction, could see lower demand in developed markets as construction and housing projects are deferred due to the declining housing demand in the US, Japan and Singapore."Furniture and wooden panel sectors are expected to see challenging times ahead as Malaysia's exports face stiff competition from low-cost producing countries in addition to the projected lower retail sales in the US," he said.
- By Rupa Damodaran
Mail webheads for site related feedback and questions. Write to the editor or contact sales for other kind of help. Copyright © The New Straits Times Press (Malaysia) Berhad, Balai Berita 31, Jalan Riong, 59100 Kuala Lumpur, Malaysia.
Malaysia's Export Growth Unexpectedly Accelerates (Update1)
By Stephanie Phang and Manirajan Ramasamy
Nov. 5 (Bloomberg) -- Malaysia's export growth unexpectedly accelerated in September, as rising commodities shipments to Asian markets countered declining electronics sales to the U.S.
Overseas sales increased 15.1 percent from a year earlier to 62.3 billion ringgit ($17.7 billion) after gaining a revised 10.7 percent in August, the trade ministry said in a statement in Kuala Lumpur today. The median estimate in a Bloomberg News survey of 12 economists had been for a 6.6 percent gain.
``Companies exporting to the regional markets of Asia expect demand to remain buoyant as countries in the region continue to invest in the industrial sector,'' Trade Minister Muhyiddin Yassin told reporters in Kuala Lumpur today. Electronics sales to the U.S. and Europe are expected to soften in early 2009 after ``marginal'' export growth in the fourth quarter to meet year-end holiday demand, he said.
Malaysia's government announced measures yesterday to bolster domestic demand as it predicted faltering exports would drag growth to an eight-year low in 2009. The Southeast Asian nation joins countries from Germany to South Korea in trying to limit the impact of a deepening global economic slowdown that's already pushed neighboring Singapore into recession.
The pick up in exports was probably ``a temporary interruption to what should be a slowing trend during the next few quarters,'' said David Cohen, director of Asian economic forecasting at Action Economics in Singapore.
Demand Wanes
Manufacturing in the U.S., Malaysia's largest overseas market last year, contracted at the fastest pace in 26 years last month, according to the Institute for Supply Management's factory index. The European Commission said this week the region's economy probably entered a recession in the third quarter and will barely grow next year.
``Slowing growth in major trading partners has meant demand has waned,'' said Nikhilesh Bhattacharyya, an economist in Sydney at Moody's Economy.com. ``Sagging demand for manufactured goods and sharp declines in commodity prices'' hurt overseas sales in September.
Exports to the U.S. dropped 15.3 percent to 7.37 billion ringgit in September from a year earlier because of a decline in electrical and electronics shipments, the ministry said today. The U.S. has fallen behind Singapore in the first nine months of the year as Malaysia's largest overseas market.
Sales to Southeast Asia rose 15 percent to 15.8 billion ringgit, helped by higher exports of crude oil, refined petroleum products and electronics. Shipments to China, Japan and India were also lifted by commodities.
Profit Declines
Shipments of electrical and electronics goods, which made up 40 percent of total exports in September, gained 3 percent after declining the month before. Malaysian Pacific Industries Bhd. and Unisem Bhd., the country's two largest publicly traded semiconductor assemblers, both posted profit declines in the three months to June.
Crude oil exports jumped 57 percent and palm oil sales increased 32 percent in September even as prices eased after reaching records earlier this year. Malaysia is Southeast Asia's second-largest oil and gas producer and the world's No. 2 palm oil seller.
Malaysia's government yesterday cut the country's 2009 economic growth forecast to 3.5 percent from 5.4 percent, announced public projects worth about $2 billion and said it will allow workers to pay less of their monthly incomes into a national pension fund to spur spending. It predicted exports would drop 1.5 percent next year.
Imports climbed 11.9 percent in September to 47.8 billion ringgit, leaving a trade surplus of 14.5 billion ringgit. Exports grew 16.9 percent in the third quarter, while imports expanded 10.3 percent.
To contact the reporter on this story: Stephanie Phang Singapore at sphang@bloomberg.net; Manirajan Ramasamy in Kuala Lumpur at rmanirajan@bloomberg.net
Last Updated: November 5, 2008 00:29 EST
Nov. 5 (Bloomberg) -- Malaysia's export growth unexpectedly accelerated in September, as rising commodities shipments to Asian markets countered declining electronics sales to the U.S.
Overseas sales increased 15.1 percent from a year earlier to 62.3 billion ringgit ($17.7 billion) after gaining a revised 10.7 percent in August, the trade ministry said in a statement in Kuala Lumpur today. The median estimate in a Bloomberg News survey of 12 economists had been for a 6.6 percent gain.
``Companies exporting to the regional markets of Asia expect demand to remain buoyant as countries in the region continue to invest in the industrial sector,'' Trade Minister Muhyiddin Yassin told reporters in Kuala Lumpur today. Electronics sales to the U.S. and Europe are expected to soften in early 2009 after ``marginal'' export growth in the fourth quarter to meet year-end holiday demand, he said.
Malaysia's government announced measures yesterday to bolster domestic demand as it predicted faltering exports would drag growth to an eight-year low in 2009. The Southeast Asian nation joins countries from Germany to South Korea in trying to limit the impact of a deepening global economic slowdown that's already pushed neighboring Singapore into recession.
The pick up in exports was probably ``a temporary interruption to what should be a slowing trend during the next few quarters,'' said David Cohen, director of Asian economic forecasting at Action Economics in Singapore.
Demand Wanes
Manufacturing in the U.S., Malaysia's largest overseas market last year, contracted at the fastest pace in 26 years last month, according to the Institute for Supply Management's factory index. The European Commission said this week the region's economy probably entered a recession in the third quarter and will barely grow next year.
``Slowing growth in major trading partners has meant demand has waned,'' said Nikhilesh Bhattacharyya, an economist in Sydney at Moody's Economy.com. ``Sagging demand for manufactured goods and sharp declines in commodity prices'' hurt overseas sales in September.
Exports to the U.S. dropped 15.3 percent to 7.37 billion ringgit in September from a year earlier because of a decline in electrical and electronics shipments, the ministry said today. The U.S. has fallen behind Singapore in the first nine months of the year as Malaysia's largest overseas market.
Sales to Southeast Asia rose 15 percent to 15.8 billion ringgit, helped by higher exports of crude oil, refined petroleum products and electronics. Shipments to China, Japan and India were also lifted by commodities.
Profit Declines
Shipments of electrical and electronics goods, which made up 40 percent of total exports in September, gained 3 percent after declining the month before. Malaysian Pacific Industries Bhd. and Unisem Bhd., the country's two largest publicly traded semiconductor assemblers, both posted profit declines in the three months to June.
Crude oil exports jumped 57 percent and palm oil sales increased 32 percent in September even as prices eased after reaching records earlier this year. Malaysia is Southeast Asia's second-largest oil and gas producer and the world's No. 2 palm oil seller.
Malaysia's government yesterday cut the country's 2009 economic growth forecast to 3.5 percent from 5.4 percent, announced public projects worth about $2 billion and said it will allow workers to pay less of their monthly incomes into a national pension fund to spur spending. It predicted exports would drop 1.5 percent next year.
Imports climbed 11.9 percent in September to 47.8 billion ringgit, leaving a trade surplus of 14.5 billion ringgit. Exports grew 16.9 percent in the third quarter, while imports expanded 10.3 percent.
To contact the reporter on this story: Stephanie Phang Singapore at sphang@bloomberg.net; Manirajan Ramasamy in Kuala Lumpur at rmanirajan@bloomberg.net
Last Updated: November 5, 2008 00:29 EST
Eksport Negara Masih Mampu Meningkat
Utusan
KUALA LUMPUR 5 Nov. - Jumlah dagangan negara meningkat kepada RM915.4 bilion dalam sembilan bulan pertama tahun ini, naik 12.8 peratus daripada RM811.38 bilion bagi tempoh yang sama tahun lalu.
Menteri Perdagangan Antarabangsa dan Industri, Tan Sri Muhyiddin Yassin berkata, bagi September sahaja, jumlah dagangan naik 13.7 peratus kepada RM110.9 bilion berbanding bulan yang sama tahun lalu.
''Lebihan dagangan bagi September sahaja bernilai RM14.53 bilion . Nilai eksport bagi September pula merupakan yang kedua tertinggi dicatatkan setakat ini iaitu meningkat kepada RM62.31 bilion atau 15.1 peratus. Import pula meningkat 11.9 peratus kepada RM47.78 bilion.
''Eksport bagi sembilan bulan pertama pula mencatat kenaikan sebanyak 16 peratus berjumlah RM512.21 bilion manakala import meningkat 9.1 peratus kepada RM403.19 menghasilkan lebihan dagangan sebanyak RM109.03 bilion,'' katanya sewaktu mengumumkan Prestasi Perdagangan Luar bagi bulan September dan bagi tempoh Januari hingga September 2008 di kementeriannya di sini hari ini.
Nilai eksport bagi bulan September meningkat sebanyak 4.5 peratus berbanding Ogos terutamanya disumbangkan oleh eksport yang tinggi produk elektrik dan elektronik, produk berasaskan petrolium, peralatan optikal dan saintifik, besi dan keluli serta minyak sawit, kata beliau.
Selain itu, dagangan Malaysia dengan negara-negara ASEAN meningkat 15.9 peratus kepada RM233.91 bilion manakala eksport bagi rantau yang sama bertambah 19.7 peratus kepada RM134.17 bilion.
Mengulas jangkaan prestasi perdagangan bagi bulan-bulan berikutnya pada tahun ini dan tahun depan, Muhyiddin berkata, segalanya akan bergantung kepada pelbagai faktor termasuk persekitaran ekonomi sejagat dan ketidaktentuan harga komoditi dan juga kadar tukaran wang.
Beliau berkata, pasaran di AS, Jepun dan Kesatuan Eropah dijangka merosot dalam jangka masa terdekat disebabkan oleh kelembapan ekonomi masing-masing dan kebanyakan negara berkenaan telah menurunkan kadar pertumbuhan mereka.
''Masih terdapat negara seperti Brazil, China, India dan Rusia yang akan mencatat pertumbuhan tetapi pada kadar yang lebih rendah daripada unjuran yang dibuat bagi tahun 2008,'' kata Muhyiddin.
Beliau berkata, kewujudan Kawasan Perdagangan Bebas ASEAN akan terus menggalakkan syarikat-syarikat Malaysia menerokai peluang-peluang eksport di rantau ini.
Menteri itu menambah, pertumbuhan eksport masih boleh berlaku tahun depan di sebalik kebimbangan terhadap senario ekonomi sejagat berdasarkan tinjauan positif sesetengah industri suku akhir 2008 dan 2009.
KUALA LUMPUR 5 Nov. - Jumlah dagangan negara meningkat kepada RM915.4 bilion dalam sembilan bulan pertama tahun ini, naik 12.8 peratus daripada RM811.38 bilion bagi tempoh yang sama tahun lalu.
Menteri Perdagangan Antarabangsa dan Industri, Tan Sri Muhyiddin Yassin berkata, bagi September sahaja, jumlah dagangan naik 13.7 peratus kepada RM110.9 bilion berbanding bulan yang sama tahun lalu.
''Lebihan dagangan bagi September sahaja bernilai RM14.53 bilion . Nilai eksport bagi September pula merupakan yang kedua tertinggi dicatatkan setakat ini iaitu meningkat kepada RM62.31 bilion atau 15.1 peratus. Import pula meningkat 11.9 peratus kepada RM47.78 bilion.
''Eksport bagi sembilan bulan pertama pula mencatat kenaikan sebanyak 16 peratus berjumlah RM512.21 bilion manakala import meningkat 9.1 peratus kepada RM403.19 menghasilkan lebihan dagangan sebanyak RM109.03 bilion,'' katanya sewaktu mengumumkan Prestasi Perdagangan Luar bagi bulan September dan bagi tempoh Januari hingga September 2008 di kementeriannya di sini hari ini.
Nilai eksport bagi bulan September meningkat sebanyak 4.5 peratus berbanding Ogos terutamanya disumbangkan oleh eksport yang tinggi produk elektrik dan elektronik, produk berasaskan petrolium, peralatan optikal dan saintifik, besi dan keluli serta minyak sawit, kata beliau.
Selain itu, dagangan Malaysia dengan negara-negara ASEAN meningkat 15.9 peratus kepada RM233.91 bilion manakala eksport bagi rantau yang sama bertambah 19.7 peratus kepada RM134.17 bilion.
Mengulas jangkaan prestasi perdagangan bagi bulan-bulan berikutnya pada tahun ini dan tahun depan, Muhyiddin berkata, segalanya akan bergantung kepada pelbagai faktor termasuk persekitaran ekonomi sejagat dan ketidaktentuan harga komoditi dan juga kadar tukaran wang.
Beliau berkata, pasaran di AS, Jepun dan Kesatuan Eropah dijangka merosot dalam jangka masa terdekat disebabkan oleh kelembapan ekonomi masing-masing dan kebanyakan negara berkenaan telah menurunkan kadar pertumbuhan mereka.
''Masih terdapat negara seperti Brazil, China, India dan Rusia yang akan mencatat pertumbuhan tetapi pada kadar yang lebih rendah daripada unjuran yang dibuat bagi tahun 2008,'' kata Muhyiddin.
Beliau berkata, kewujudan Kawasan Perdagangan Bebas ASEAN akan terus menggalakkan syarikat-syarikat Malaysia menerokai peluang-peluang eksport di rantau ini.
Menteri itu menambah, pertumbuhan eksport masih boleh berlaku tahun depan di sebalik kebimbangan terhadap senario ekonomi sejagat berdasarkan tinjauan positif sesetengah industri suku akhir 2008 dan 2009.
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