Money Briefs: Malaysia's April exports rise 1.6%

Malaysia's April exports rise 1.6%

KUALA LUMPUR • Malaysia's exports in April grew 1.6 per cent from a year earlier on higher shipments of manufactured goods and palm oil, government data showed yesterday.

Exports grew faster than the 0.2 per cent expansion in March. The increase, however, was offset by lower exports of liquefied natural gas and crude petroleum, according to data from the International Trade and Industry Ministry.

Imports in April fell 2.3 per cent from a year earlier, compared with the previous month's 5.5 per cent decline. April's trade surplus fell to RM9.1 billion (S$3 billion) from RM11.2 billion in March.

REUTERS


Qatar cancels 1st Airbus A320neo jet

DUBLIN • Qatar Airways has cancelled its first Airbus A320neo jet and remains at an impasse with the European planemaker over delays in deliveries caused by engine problems, its chief executive said yesterday.

The delays are having an impact on Qatar Airways' bottom line, but the carrier said it is not seeking compensation, Mr Akbar al-Baker told reporters.

The airline announced last month that it was reducing the frequency of more than a dozen regular routes from Doha because of hold-ups in the delivery of new planes from European manufacturer Airbus.

Mr Baker said he still expects Airbus will be able to deliver 10 of the larger A350 planes as promised this year.

REUTERS

A version of this article appeared in the print edition of The Straits Times on June 04, 2016, with the headline 'Money Briefs'. Print Edition | Subscribe