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...
U.S. trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods. The case was brought last year by Korea's Hanwha Qcells , Arizona-based First Solar Inc and several...
JAKARTA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has proposed that relations between Malaysians and Indonesians should not be limited to government-to-government and business-to-business ties, but rather be focused on people-to-people relations. He added that he believes that strengthened and enhanced people-to-people relations could bring political dividends as well as business and trade returns for...
PETALING JAYA: Malaysia and the European Free Trade Association (Efta) have successfully concluded negotiations for a free trade agreement (FTA), says Tengku Datuk Seri Zafrul Aziz. Efta comprises Iceland, Liechtenstein, Norway and Switzerland. The Investment, Trade and Industry Minister said this marks a significant milestone in Malaysia's international trade agenda. Zafrul said the agreement, formally known as the...
PETALING JAYA: Malaysia will adopt various proactive measures based on a 'whole-of-nation' approach to counter the impact of the newly imposed US tariffs, says Prime Minister Datuk Seri Anwar Ibrahim. The Prime Minister's senior press secretary Tunku Nashrul Abaidah said despite facing global economic uncertainty, Malaysia's economic resilience was strong and capable of weathering the impact...
