SINGAPORE (Jan 22): While there is unlikely to be a repeat of 2017’s impressive double-digit growth in exports this year, Malaysian exporters are still expected to perform well.

ViTrox Corp, which is involved in the development of vision inspection systems, derives 85% of its revenue from abroad, 75% of which is denominated in US dollars, says president and CEO Chu Jenn Weng.

“The current exchange rate is still very favourable to us, although we would prefer it to be stable or less volatile. Last year, the exchange rate changed from about 4.486 to 4.062 [against the US dollar], which caused some foreign exchange (forex) loss in our account. But due to our prudent approach, we managed to minimise the impact of forex fluctuation last year,” he comments.

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