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Malaysia Export of Electrical n Electronics Goods to be Lower : MAEI

The Malaysian American Electronics Industry (MAEI) sees the total export sales of electrical and electonics goods to be lower  this year at RM57.3bil, compared with RM70bil in 2009. MAEI governor Datuk Wong Siew Hai said the total export sales was expected to be lower this year as manufacturers change from internal to external oursourcing. However, this expected drop (in export sales) should not be viewed as negative as the move is in line with the Government‘s initiatives via the New Economic Model and 10th Malaysia Plan) to encourage high technology and high value operations in all sectors, including the manufacturing industry, he told reporters at the MAEI 2009/10 annual survey yesterday. (Star)