Ringgit Rises Against Greenback Following Govt Response To Impact From US Reciprocal Tariffs

By Danni Haizal Danial Donald

KUALA LUMPUR, May 5 (Bernama) -- The ringgit ended higher against the US dollar at the close on Monday, amid the government’s response towards the impact of the reciprocal tariff from the United States (US), said an analyst.

Economists Lower Malaysia's GDP Growth Forecast To 4.5 Pct, Remain Confident In Economy's Resilience

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 5 (Bernama) -- Economists revised downwards Malaysia’s 2025 gross domestic product (GDP) growth to 4.5 per cent due to the debilitating tariffs implemented by the United States (US), but remained confident in the economy’s resilience.

Malaysia Opposes Breach Of International Trading System To Circumvent Tariffs -- Tengku Zafrul

KUALA LUMPUR, May 5 (Bernama) -- Malaysia strongly opposes any breach of the international trading system, including the issuance of fake or misleading certificates of origin, in an effort to circumvent tariffs.

Members Of Parliament Outline Proposals To Strengthen Economy

KUALA LUMPUR, May 5 (Bernama) -- Members of parliament (MPs) today outlined several proposals to strengthen the country's economy in the face of retaliatory tariffs from the United States (US) and global economic uncertainty.

Malaysia Does Not Impose 47 Pct Tariff On US Imports, Only 5.6 Pct On Average - PM Anwar

KUALA LUMPUR, May 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has refuted the United States’s (US) claim that Malaysia has imposed a 47 per cent tariff on US imports into Malaysia.

Core National Policies Will Not Be Compromised In Tariff Negotiations - PM Anwar

KUALA LUMPUR, May 5 (Bernama) --  Prime Minister Datuk Seri Anwar Ibrahim has reiterated that the government will not compromise on the country’s core policies in tariff negotiations.

US Agrees To Further Talks On Tariff Imposed On Imports From Malaysia -- PM Anwar

KUALA LUMPUR, May 5 (Bernama) -- The United States (US) government has agreed to further talks with Malaysia on the surprise US reciprocal tariff imposed on imports from the country, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt Allocates Additional RM50 Mln To MATRADE To Expedite Exploration Of New Markets -- PM Anwar

KUALA LUMPUR, May 5 (Bernama) -- The government will allocate an additional RM50 million to the Malaysia External Trade Development Corporation (MATRADE) to expedite efforts to explore new markets.

Govt May Revise GDP Forecast After US Tariff Talks - PM Anwar

KUALA LUMPUR, May 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the government is considering revising the gross domestic product (GDP) growth forecast set in Budget 2025 after gaining more clarity from Malaysia's negotiations with the United States (US) on the tariffs.

Malaysia Confident In Weathering US Tariffs With Solid Economic Fundamentals

KUALA LUMPUR, May 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim is confident that Malaysia’s strong economic fundamentals will enable the country to navigate the global uncertainties following the recent announcement of retaliatory tariffs by the United States (US).

Ringgit Rises Against Weaker US Dollar

KUALA LUMPUR, May 5 (Bernama) -- The ringgit edged up slightly against the US dollar on Monday, as a weaker greenback, weighed down by dovish sentiment from the United States (US) Federal Reserve (Fed) on interest rates and new trade developments related to China, supported the local currency, said an analyst

Final Preparations Made Before Tomorrow's Special Parliament Sitting - MITI

KUALA LUMPUR, May 4 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) has made final preparations before the special parliamentary session on the impact of the United States (US) retaliatory tariffs on Malaysia.