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Economy

US Tariff On Malaysian Goods Will Hit American Palm Oil Importers -- Johari

PETALING JAYA, July 8 (Bernama) -- The United States’ (US) move to impose a higher tariff of 25 per cent on Malaysia means that American importers of Malaysian palm oil products will have to bear the extra cost, according to Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

Malaysia Refining Palm Oil Market Strategies Amid Growing Demand From Africa - Johari

PETALING JAYA, July 8 (Bernama) -- Malaysian palm oil products are experiencing rising demand for industrial applications, particularly in food processing from the Sub-Saharan African region, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

SMR 20 Ends Higher On Concerns Over Natural Rubber Supply

By K.Naveen Prabu

KUALA LUMPUR, July 8 (Bernama) -- Standard Malaysian Rubber 20 (SMR 20) closed higher today over concerns about natural rubber (NR) supply and optimism over increased automobile demand, a dealer said.

AirAsia Eyes Increased Connectivity To Penang In Regional Expansion Push

GEORGE TOWN, July 8 (Bernama) -- AirAsia is actively exploring the possibility of increasing flight connectivity to and from Penang as part of its ongoing regional growth strategy, reaffirming its commitment to strengthening regional accessibility.

SUSE Launches EU-based Sovereign Support To Strengthen Digital Resilience

KUALA LUMPUR, July 8 (Bernama) -- SUSE, a global leader in enterprise open source solutions, has unveiled SUSE Sovereign Premium Support, its most comprehensive sovereign support offering tailored to meet digital sovereignty and regulatory compliance requirements within the European Union (EU).

FMM Seeks Swift Diplomatic And Domestic Interventions To Counter US Tariff Impact

KUALA LUMPUR, July 8 (Bernama) -- The Federation of Malaysian Manufacturing (FMM) has called on the government to intensify its diplomatic and policy response following the United States' announcement of a 25 per cent blanket tariff on Malaysian exports.

CIDB: ICW-BuildXpo 2025 Returns To MITEC In October After Borneo Debut

KUALA LUMPUR, July 8 (Bernama) -- The 27th International Construction Week (ICW) & BuildXpo 2025 is set to take place from Oct 28 to 30, 2025, at the Malaysia International Trade and Exhibition Centre (MITEC), following the ICW Borneo 2025 in Kuching, Sarawak, in May.

Federal Engagement Crucial As Penang Braces For Impact Of US Tariffs — Chow

GEORGE TOWN, July 8 (Bernama) -- The Malaysian Government must continuously engage with its United States (US) counterparts to negotiate a lower tariff rate, following Washington’s recent decision to impose a 25 per cent duty on goods from Malaysia, said Penang Chief Minister Chow Kon Yeow.

Sabah Attracts Third Largest Total Investment In Malaysia For 1Q 2025

KOTA KINABALU, July 8 (Bernama) -- Sabah has recorded approved investments totalling RM10.9 billion for the first quarter (1Q) of this year, representing the third highest in Malaysia after Selangor and Kuala Lumpur, the Sabah State Legislative Assembly was told today.

Sabah Records Investments Totalling RM35.38 Bln From 2021-2024

KOTA KINABALU, July 8 (Bernama) -- Sabah has received a total of RM35.38 billion in investments, involving 420 projects between 2021 and 2024, the Sabah State Legislative Assembly was told today.

HERE Teams Up With NIO’s firefly To Power Smart EV Navigation, Safety

KUALA LUMPUR, July 8 (Bernama) -- HERE Technologies, the location data and technology platform, has announced a strategic collaboration with firefly, the latest electric vehicle (EV) brand launched by Chinese EV maker NIO.

MITI To Hold Press Conference To Address Latest US' Tariff - Tengku Zafrul

KUALA LUMPUR, July 8 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) will be holding a press conference to address the latest reciprocal tariff rate of 25 per cent on Malaysian exports to the United States (US), said Minister Tengku Datuk Seri Zafrul Abdul Aziz.