KUALA LUMPUR: Economic cooperation and security will take centre stage as Asean leaders gather this week for the 47th Asean Summit, which aims to push forward key trade agreements and deepen regional integration amid a challenging global environment. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said the 18 Priority Economic Deliverables...
OSAKA: Fact-checking Tun Dr Mahathir Mohamad on the recent Malaysia-US trade agreement was not a criticism of the former premier, says Tengku Datuk Seri Zafrul Abdul Aziz. The Investment, Trade and Industry Minister said that his intention was not to criticise but to provide clear and correct facts on the matter. “Perhaps he (Dr Mahathir) got the...
PETALING JAYA: Malaysia is committed to continuing its engagement with the United States to achieve a balanced, comprehensive and mutually beneficial trade agreement, says the Investment, Trade and Industry Ministry (Miti). In a statement on Tuesday (July 8), Miti said it would continue discussions with its US counterparts in good faith to address outstanding issues, clarify...
KUALA LUMPUR: Ongoing negotiations with the US over its unilateral tariffs are going very well, says Datuk Seri Anwar Ibrahim (pic). The Prime Minister said this was conveyed by Investment, Trade and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz and Finance Minister II Datuk Seri Amir Hamzah Azizan, who are both currently in Washington...
KUALA LUMPUR: Malaysia's positive trade performance in April 2025 was underpinned by a double-digit expansion in exports, led by a rebound in shipments to Asean and China, as well as a surge in trade with the US. According to the Ministry of Investment, Trade and Industry (Miti), the country's exports grew 16.4% year-on-year (y-o-y) to RM133.56bil...
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...
KUALA LUMPUR: Malaysia’s trade in November 2024 recorded the 11th successive month of year-on-year (YoY) growth, expanding by 2.9% to RM237.85bil. “Exports increased for the second consecutive month, growing by 4.1% to RM126.57bil and imports were higher by 1.6% to RM111.28bil,” the Investment, Trade & Industry Ministry (Miti) said in a statement. The trade surplus in November...
KUALA LUMPUR: The Investment, Trade and Industry Ministry (Miti) has announced that the suspension of the 80:20 employment ratio requirement for the manufacturing sector will continue until the Multi-Tiered Levy Mechanism (MTLM) is fully implemented. The 80:20 policy refers to the employment condition that mandates a ratio of 80% local workers and 20% foreign workers in...
The appointment of Datuk Mohd Izani Ghani as the new managing director of Malaysia Airports Holdings Berhad (MAHB) signals a new era of transformation. At a time when the aviation industry is navigating both unprecedented challenges and exciting opportunities, Mohd Izani has been tasked to steer MAHB to transform its operations, which includes improving customer experience and overall...
KUALA LUMPUR: Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz expressed confidence in Malaysia's ability to withstand a potential recession in the United States (US), citing the nation's recent economic performance as evidence. Despite rising unemployment in the US, Tengku Zafrul highlighted several positive domestic economic indicators. ALSO READ: Govt vigilant of external factors affecting...
