ECONOMY | Staff Reporter, Malaysia

Malaysian exports surge 32.5%

Imports also increased 30.4% in May.

Malaysia's gears continue to run after it reported a 32.5% YoY jump in exports, OCBC Treasury Research said in a report.

Imports also increased YoY from 24.7% in April to 30.4% in May.

The country's foreign reserves also rose to US$98.9b compared to the totals half a month ago at $98.7b.

Bank Negara is confident the amount can finance 7.9 months worth of retained imports and 1.1 times of the country's short-term external debt, OCBC said.

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