Chip firms in Malaysia are holding back on investment and expansion as they await clarity on tariffs from the US, according to Malaysia Semiconductor Industry Association President Datuk Seri Wong Siew Hai. The companies are hoping that the US government would continue to exempt semiconductors from tariffs beyond Aug. 1, the deadline for higher levies announced...
WASHINGTON: US Secretary of State Marco Rubio (pic) will make his first trip to Asia since taking up his post, traveling this week to Malaysia for meetings with Asean allies, his office said Monday (July 7). The trip, starting Tuesday (July 8), will see Rubio, who is also President Donald Trump's national security advisor, focus on...
WASHINGTON: US Secretary of State Marco Rubio (pic) will make his first trip to Asia since taking up his post, traveling this week to Malaysia for meetings with Asean allies, his office said Monday (July 7). The trip, starting Tuesday (July 8), will see Rubio, who is also President Donald Trump's national security advisor, focus on...
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: The United States sees Malaysia as a key partner even as South-East Asia navigates growing engagement with China, citing the country's focused and professional approach to advancing bilateral trade talks, says US Ambassador to Malaysia Edgard Kagan (pic). He said Washington does not see growing ties with China as a threat to its own...
WASHINGTON: While Donald Trump hailed the outcome of trade talks in London, Xi Jinping walked away with an understated strategic gain: a negotiating process that buys China time and helps defuse the threat of more harmful tariffs and technology curbs. Shortly after two days of negotiations wrapped, Trump declared Wednesday (June 11) on social media that...
TARIFF shocks pose a major threat to Malaysia’s sovereign credit rating, given the potential disruption to economic growth and fiscal consolidation, according to Moody’s Investors Service. The ratings firm sees downside risks to its initial projection of 5% growth for Malaysia this year due to exposure to global trade tensions. There’s also a possibility that the...
KUALA LUMPUR: Malaysia and the Philippines share the stance that all humanitarian assistance to Myanmar must be delivered without discrimination or restrictions, says Prime Minister Datuk Seri Anwar Ibrahim. He said this was agreed upon during a telephone conversation with Philippine President Ferdinand Romualdez Marcos Jr on Friday (May 2). Anwar said during the conversation with the...
WASHINGTON: US President Donald Trump on Wednesday (April 23) played up prospects of a "fair deal" on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing. Trump told reporters his country would have a "fair deal with China," adding that "everything's active" when asked...
