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...
KUALA LUMPUR: The Dewan Rakyat has convened on Monday (May 5) for a special session on the United States' (US) surprise imposition of retaliatory tariffs on Malaysian exports - a move that has sparked concern across government and industry. Robust debate is expected through this session as Members of Parliament respond to the implications of the...
PETALING JAYA: Business groups and industry players will be closely monitoring the Parliament’s special sitting today, which is set to discuss the impact of US tariffs. The special session will see about 20 lawmakers debating the implications of the United States’ decision on the country’s economy as well as the Malaysian government’s long-term planning and responses...
KUALA LUMPUR: The ringgit continued its uptrend in early trade on Tuesday, strengthening against the US dollar on buying interest in the local note, amid a decline in the US Dollar Index (DXY). At 8 am, the local currency was higher at 4.3585/3665 against the greenback, compared with Monday’s close of 4.3615/3665. The DXY fell 0.46 per...
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...
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...
