Economy

Malaysian Minister Addresses Concerns Over Boeing Aircraft Purchase and Tariff Negotiations

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 […]

Malaysian Minister Addresses Concerns Over Boeing Aircraft Purchase and Tariff Negotiations Read More »

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

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

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

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

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,

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

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

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

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

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

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

KPDN Boosts Local Economy with Karnival KPDN and Rahmah Initiatives in Sabah Read More »

KPDN Targets 20,000 PJRM Events in 2025 with RM300 Million Additional Funding

PUTRAJAYA, Malaysia,  July 24, 2025 – The Ministry of Domestic Trade and Cost of Living (KPDN) has welcomed the initiatives announced by Prime Minister YAB Dato’ Seri Anwar Ibrahim on July 23, 2025, aimed at addressing the cost-of-living challenges through targeted interventions and additional livelihood assistance. To bolster these efforts, KPDN will enhance the implementation

KPDN Targets 20,000 PJRM Events in 2025 with RM300 Million Additional Funding Read More »

RON95 Petrol Price Slashed to RM1.99 per Litre for Malaysians in 2025

PUTRAJAYA, July 23, 2025 – The MADANI Government, led by Prime Minister and Finance Minister Dato’ Seri Anwar Ibrahim, has reaffirmed its commitment to restructuring national subsidies to ensure ordinary Malaysians continue to benefit while addressing leakages to ineligible groups. Effective July 2025, electricity tariff restructuring has been implemented, resulting in 85% of domestic users

RON95 Petrol Price Slashed to RM1.99 per Litre for Malaysians in 2025 Read More »

Anwar Ibrahim Announces RM2 Billion SARA Aid for 22 Million Malaysians

PUTRAJAYA, Malaysia, July 23, 2025 – In a historic move, Prime Minister and Finance Minister Dato’ Seri Anwar Ibrahim announced the Rahmah Basic Assistance (SARA) programme, ensuring every Malaysian citizen aged 18 and above receives a one-off payment of RM100 via MyKad in conjunction with the National Day celebration on August 31, 2025. The initiative,

Anwar Ibrahim Announces RM2 Billion SARA Aid for 22 Million Malaysians Read More »

U.S. Imposes 19% Tariff on Indonesian Goods in New Trade Deal

WASHINGTON, D.C.  July 15 2025 – President Donald Trump announced a significant trade agreement with Indonesia on Tuesday, July 15, 2025, imposing a 19% tariff on Indonesian goods exported to the United States while ensuring that U.S. exports to Indonesia remain tariff-free. This deal marks a pivotal shift in U.S.-Indonesia trade relations, aiming to reduce

U.S. Imposes 19% Tariff on Indonesian Goods in New Trade Deal Read More »

U.S. Slaps 50% Tariff on Brazil Amid Bolsonaro Trial Tensions

WASHINGTON D.C, July 9, 2025 – In a dramatic escalation of trade tensions, U.S. President Donald Trump has announced a 50% tariff on all Brazilian exports to the United States, effective August 1, citing Brazil’s handling of the ongoing trial of former President Jair Bolsonaro as a “witch hunt.” The announcement, made via a letter

U.S. Slaps 50% Tariff on Brazil Amid Bolsonaro Trial Tensions Read More »