1y ago
KUALA LUMPUR, April 8 (Bernama) -- The ringgit opened lower against the US dollar on Tuesday as investors stayed on the sidelines amid concerns over reciprocal tariff rates set to take effect on April 9, prompting a more cautious tone in the market.
1y ago
By Zarul Effendi Razali
KUALA LUMPUR, April 7 (Bernama) -- As senior officials concluded the first day of the 12th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM), it became evident that while the retaliatory tariffs imposed by the United States present significant challenges, they also offer opportunities for Southeast Asian member states.
1y ago
PUTRAJAYA, April 7 (Bernama) -- The newly imposed 24 per cent tariff by the United States on Malaysia may initially disrupt export flows but the country has a competitive edge over major palm oil producers, according to the Malaysian Palm Oil Board (MPOB).
1y ago
KUALA LUMPUR, April 7 (Bernama) -- The implementation of tariffs by the United States (US) is expected to have a direct impact on Malaysia’s gross domestic product (GDP), thus presenting challenges to the country's economic growth for this year and possibly for years to come.
1y ago
By Nor Baizura Basri
KUALA LUMPUR, April 6 (Bernama) -- ASEAN finance ministers will meet here next week amid a sense of urgency to deepen economic integration and enhance financial resilience as the global trade war erupts, no thanks to debilitating tariffs imposed by the United States.
1y ago
MELAKA, April 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the country’s planned economic growth may be slightly affected by the tariff rates recently announced by United States President Donald Trump.
1y ago
KUALA LUMPUR, April 4 (Bernama) — Putrajaya refutes the claim by the US authorities that Malaysia has imposed 47 per cent tariff on US imports into Malaysia and emphasises that reciprocal tariffs do not serve the principles of free and fair trade stipulated under the World Trade Organisation, of which 164 countries, including the US, is a member.
1y ago
KUALA LUMPUR, April 4 (Bernama) — Putrajaya refutes the claim by the US authorities that Malaysia has imposed 47 per cent tariff on US imports into Malaysia and emphasises that reciprocal tariffs do not serve the principles of free and fair trade stipulated under the World Trade Organisation, of which 164 countries, including the US, is a member.
1y ago
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, April 4 (Bernama) -- The ringgit ended the week on a firmer footing against the US dollar amidst uncertainties over the reciprocal tariff imposed by the United States (US) administration, said an analyst.
1y ago
By Yin Shao Loong
KUALA LUMPUR, April 4 (Bernama) -- The April 2 tariffs unveiled by United States (US) President Donald Trump have shocked the world and represent a departure from the globalisation policy of previous US administrations.
1y ago
KUALA LUMPUR, April 4 (Bernama) -- The ringgit is expected to remain defensive versus the US dollar, trading at a range of 4.42-4.45, barring surprises, said Kenanga Investment Bank Bhd (Kenanga IB).
1y ago
KUALA LUMPUR, April 4 (Bernama) -- The ringgit retreated to open marginally lower today, weighed by pressure against the US dollar following United States (US) President Donald Trump’s announcements on global reciprocal tariffs.