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Singapore – May External Trade
17/06/2019 10:54 am MYT
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Year-on-year, total trade in May fell 2.1% due to declines in both imports (0.5%) and exports (3.4%) – see figure 1. Non-oil domestic exports (NODX) fell 15.9% due to declines in both electronic and non-electronics exports – see table 1. Non-oil re-exports grew 5.1%, year-on-year.

NODX to Singapore’s top 10 markets, except the US, fell in May, with the Taiwan (-34.7%), Hong Kong (-24.8%) and China (-23.3%) as the largest contributors to the decline. Meanwhile, NODX to emerging markets declined by 16.2%, due mainly to CLMV (41.3%), Latin America (-25.4%) and South Africa (-8.0%).

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
Announcement

Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures prescribed by the relevant authorities. We will continue to take precautionary measures to protect our employees, clients and other stakeholders. You may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (asset management) for any enquiries.

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