Country records RM3 trillion trade, 28th year in trade surplus, says Miti minister

KUALA LUMPUR: Despite trade challenges threatening Malaysian exports, the country has recorded its highest-ever trade value of RM3.06 trillion, says International Trade and Industries (Miti) Minister Datuk Seri Johari Ghani. He said this is the 28th year Malaysia has had a trade surplus. He added that the country’s trade is expected to grow further between 3% and...

Dollar slumps 1% on report of narrower Trump tariffs

LONDON: The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies. The Washington Post reported that Trump's aides were exploring plans that would apply tariffs to every country - but only on...

Malaysia blocks live cattle imports from Australia over skin disease scare

SYDNEY: Malaysia has temporarily suspended live cattle and buffalo imports from Australia, the Australian government said, days after Indonesia paused some imports after lumpy skin disease (LSD) was detected in a small number of cattle after arrival. Australia was urgently engaging with its Malaysian counterparts to lift the curbs while confirming the country remained free from...