Economy

Independent study reveals USD 1.2 billion economic impact of foodpanda in Pakistan for 2023-2024

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KARACHI, Pakistan, Aug. 15, 2025 /PRNewswire/ — foodpanda, Pakistan’s leading online delivery platform, today announced the release of its comprehensive ‘Economic Impact Assessment of foodpanda in Pakistan’ study, independently conducted by the Lahore University of Management Sciences (LUMS). The first-of-its-kind study unveils the significant economic contributions of foodpanda to Pakistan’s economy. The study, spearheaded by an accomplished team at LUMS, utilised primary and secondary […]

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Government Boosts PJRM with RM600 Million Allocation to Ease Cost of Living

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KUALA LUMPUR, Malaysia, August 12, 2025 – In a bid to alleviate the rising cost of living, the Malaysian government has ramped up funding for the Madani Rahmah Sales Program (PJRM), increasing its total allocation to RM600 million for 2025. This move, announced during a parliamentary session today, aims to ensure essential goods reach more

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KPDN Ensures No Marginalized Communities in Sabah’s Remote Areas Lack Essential Supplies

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TAWAU, SABAH, Malaysia August 10, 2025 – The Ministry of Domestic Trade and Cost of Living (KPDN) reaffirms its commitment to ensuring no community in Sabah’s remote areas is left without access to essential goods, with an allocation of RM202.5 million for the period from May 2025 to April 2027. Deputy Minister of KPDN, Senator

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Malaysia Clarifies $150 Billion U.S. Equipment Purchase Commitment as Strategic Move, Not New Obligation

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KUALA LUMPUR, Malaysia, August 7, 2025 — Malaysia’s trade minister, Tengku Zafrul Aziz, has clarified that the country’s commitment to purchase $150 billion worth of U.S. equipment over the next five years is not a new financial obligation but rather a compilation of existing investment plans by Malaysian companies, including major multinational corporations (MNCs). This

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Malaysia Aviation Group Expands Fleet with Boeing Purchase Amid Rising Passenger Demand and Trade Strategy

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KUALA LUMPUR, Malaysia, August 4, 2025 – Malaysia Aviation Group (MAG) has announced the acquisition of 20 Boeing 737 MAX aircraft, with an option to purchase an additional 30, as part of a strategic move to address growing market demand and replace its aging fleet. This decision, highlighted by BH Media Rujukan Massa on March

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Malaysian Minister Addresses Concerns Over Boeing Aircraft Purchase and Tariff Negotiations

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KUALA LUMPUR, Malaysia August 3, 2025 – Malaysia’s Minister of Investment, Trade and Industry, Tengku Zafrul Aziz, has dismissed claims that the recent purchase of Boeing aircraft by Malaysia Aviation Group (MAG) constitutes a waste of taxpayer money or is solely a concession to U.S. tariff demands. In a detailed post on his official X

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Malaysian Trade Minister Debunks Rumors of Exclusive Rare Earth Supply Deal with US

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KUALA LUMPUR, Malaysia. August 3, 2025 – In a recent press conference, Malaysia’s Minister of Investment, Trade and Industry, Tengku Zafrul Aziz, firmly denied reports suggesting that the country is obligated to supply rare earth elements (REE) exclusively to the United States. The clarification came amid swirling speculation, potentially linked to ongoing global trade tensions

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Malaysia and US Agree on Reduced Reciprocal Tariff Rate of 19%

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KUALALUMPUR,  Malaysia, August 1, 2025 – Malaysia has secured a reduction in its reciprocal tariff rate with the United States from 25% to 19%, following a phone call between Prime Minister Anwar Ibrahim and President Donald Trump, the Malaysian government announced today. The adjustment was formalized through a US Executive Order issued on July 31,

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US Lowers Tariffs on Malaysian Exports to 19% Amid Bilateral Talks

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KUALA LUMPUR, Malaysia. Aug 1, 2025 – The United States has reduced its reciprocal tariffs on Malaysian exports from 25% to 19%, effective immediately, following months of negotiations between the two countries. The Ministry of Investment, Trade and Industry (MITI) announced the decision on Thursday, describing it as a “significant achievement” that reflects the strong

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KPDN Boosts Local Economy with Karnival KPDN and Rahmah Initiatives in Sabah

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RANAU, SABAH. Malaysia, July 26 2025 – The Ministry of Domestic Trade and Cost of Living (KPDN) is set to host the Karnival KPDN and the Beli Barangan Malaysia Campaign (KBBM) Series 2 for 2025 in Sabah from July 25 to 27. Held in Ranau, the three-day event aims to attract 60,000 visitors and bring

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