New role for Tengku Zafrul to be announced on Dec 3, says Anwar

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim says he will announce a new role for Tengku Datuk Seri Zafrul Abdul Aziz on Wednesday (Dec 3). He said the Investment, Trade and Industry Minister, who completes his second senatorship term on December 2, still has responsibilities to carry out. “He will continue to work under his new...

47th Asean Summit to focus on trade, economic security amid global challenges, says Tengku Zafrul

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...

Asean should take lead in building resilience amid challenging global landscape, says Anwar

KUALA LUMPUR: Asean cannot be a passive observer in the face of global economic and geopolitical challenges, but should take the lead in building resilience within the grouping, which has over 600 million people, says Datuk Seri Anwar Ibrahim. In stressing that, the Malaysian Prime Minister said the bloc must not only respond to events but...

Reduction of US tariff rate to 19% a significant achievement, says Zafrul

PETALING JAYA: The reduction in the United States' reciprocal tariff rate from 25% to 19% on Malaysian goods is a significant achievement and displays Malaysia's thorough and methodical negotiating process and strong inter-agency coordination, says Tengku Datuk Seri Zafrul Abdul Aziz. The Investment, Trade and Industry Ministry said the reduced rate was a result of sustained...

Malaysia aiming for zero-rated tariffs on exports to US, says Tengku Zafrul

KUALA LUMPUR: Malaysia has told the United States that it aims to have zero-rated tariffs for imports from Malaysia, says Tengku Datuk Seri Zafrul Abdul Aziz. "We told them we want to reduce the tariffs – and if it's possible – for it to be zero," said the Investment, Trade and Industry Minister. He also said that...

Asean leaders to head to Washington, negotiate as a single bloc and voice – Tengku Zafrul

KUALA LUMPUR: Malaysia, as the ASEAN chair this year, has requested, through its Foreign  Ministry, a special United States (US)-ASEAN summit to discuss the tariff issue. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz also confirmed that all ASEAN leaders have agreed to go to the US to meet up with President...

Zafrul confirms discussing party membership with PM, no decision was made

PETALING JAYA: Tengku Datuk Seri Zafrul Abdul Aziz confirmed that there had been an initial discussion with Prime Minister Datuk Seri Anwar Ibrahim over the former’s future political direction. However, Tengku Zafrul emphasised that no decision has been made yet. He also dismissed the claims, saying that the discussion involved any position at the state level or...

PM’s visit to Brazil strengthens 65 years of diplomatic relations, trade

LIMA: Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Brazil from November 16 to 19 will further strengthen 65 years of diplomatic relations and increase trade and investment opportunities, says Foreign Minister Datuk Seri Mohamad Hasan. This working visit consists of two main components: first, a bilateral meeting with the President of Brazil, Luiz...

Tok Mat, Tengku Zafrul arrive in Vientiane for Asean Summit

VIENTIANE: Foreign Minister Datuk Seri Mohamad Hasan and Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz have arrived in Vientiane to attend the 44th and 45th Asean Summits and Related Summits. Both ministers arrived on Sunday (Oct 6) at Wattay International Airport at 7.45 pm local time (8.45 pm Malaysian time). The summits will...

Malaysia-China works toward a single window trade initiative

PETALING JAYA: Malaysia and China have agreed to increase high-quality investment in the digital and green economies between the two countries. One of the focuses is to set up a single window system which enables the seamless digital exchange of trade-related information between customs authorities in both countries. "The single window trade initiative between Malaysia and China...