KUALA LUMPUR: Concluding tariff negotiations with the United States (US) ahead of President Donald Trump’s October visit is crucial for Malaysia, both to safeguard billions in export value and to strengthen its position as a reliable, forward-looking trading nation, an economist said. IPPFA Sdn Bhd director and country economist Mohd Sedek Jantan warned that delays in reaching a trade...
GEORGE TOWN: Penang will set up a tariff monitoring task force and develop a toolkit to help affected sectors deal with the tariffs announced by the United States. Chief Minister Chow Kon Yeow said the task force will function as a central coordination platform to track trade developments, engage with affected sectors, and inform responsive policy...
Malaysia’s first shipment of fresh durian to the giant China market has arrived, vying for demand from eager consumers who are used to buying the spiky and pungent fruit from Thailand and Vietnam. Deputy agriculture and food security minister Datuk Arthur Joseph Kurup said on Saturday that exporters had begun shipping 40 tonnes of fresh durian...
KUALA LUMPUR: Malaysia is expected to maintain its economic growth forecast of 4.8% this year, mainly driven by consumer spending, according to Standard Chartered Bank Malaysia Bhd (StanChart). "We see consumer spending moderating as labour-market conditions soften but expect it to remain the primary driver," said StanChart economist Jonathan Koh and chief economist Edward Lee in...
GEORGE TOWN: Aspiring durian exporters here need to exercise patience as their applications for approved permits (APs) to send fresh durian to China will only be audited by the General Administration of Customs of China (GACC) in September. Penang agrotechnology, food security and cooperative development committee chairman Fahmi Zainol said industry players are still hopeful that...
HANOI: Vietnam earned an estimated US$725 million from shipping tra fish overseas during the first five months of 2024, up 2 per cent year-on-year, Vietnam News Agency reported on Monday (May 27), citing the General Department of Vietnam Customs. The country's tra fish export has roared back to growth after a significant drop recorded earlier this...
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias on the back of a strong export performance. In July, palm oil exports rose by 15.6 per cent to 1.35 million tonnes from 1.17 million tonnes previously, while preliminary data by Intertek Testing Services...
