Anwar’s Visits To Italy, France, Brazil To Strengthen Investment, Trade Prospects

By Rosemarie Khoo Mohd Sani and Mikhail Raj Abdullah 

KUALA LUMPUR, July 8 (Bernama) -- Malaysia stands to gain immensely from Prime Minister Datuk Seri Anwar Ibrahim’s official visits to Italy, France and Brazil, not only in attracting potential investments, but also in expanding export markets as protectionist tendencies from American tariffs threaten to shutter global trade.

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.

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.

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.

Petronas Ships Its First LNG Cargo From LNG Canada Facility

KUALA LUMPUR, July 8 (Bernama) -- Petroliam Nasional Bhd (Petronas) has successfully shipped the first liquefied natural gas (LNG) cargo from its newly operational LNG Canada facility in Kitimat, British Columbia (B.C.), Canada.

US Tariff Imposition Drags Bursa Malaysia Lower At Opening

KUALA LUMPUR, July 8 (Bernama) -- Bursa Malaysia opened lower on Tuesday, tracking Wall Street’s weaker performance following the United States' (US) imposition of a 25 per cent tariff on 14 countries, including Malaysia, beginning Aug 1 this year.

Malaysia Wants Airbus, Embraer To Consider Malaysia As MRO, Supply Chain hub

KUALA LUMPUR, July 8 (Bernama) -- Malaysia wants aircraft supplier companies such as Airbus and Embraer to make the country a hub for maintenance, repair and overhaul (MRO), training and supply chain activities, if the agreements to purchase dozens of aircraft by AirAsia and Malaysia Airlines are realised.

US Imposes 25 Percent Tariff On All Malaysian Products To US

KUALA LUMPUR, July 8 (Bernama) -- The United States has imposed a higher tariff of 25 percent on any and all Malaysian products sent into the country, separate from all sectoral tariffs, effective Aug 1, this year.

Visits To Italy, France And Brazil Achieved Key Objectives, Says PM Anwar

RIO DE JANEIRO, July 8 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said Monday that his official visits to Italy, France and Brazil have successfully met their intended objectives.

Malaysia Guided By National Interest In Multilateral Engagement, MITI Says After US Warning To BRICS Allies

KUALA LUMPUR, July 7 (Bernama) -- Malaysia’s engagement with any multilateral platform is focused on trade facilitation and sustainable development, guided by national interest rather than ideological alignment, said the Ministry of Investment, Trade and Industry (MITI).

Gold Futures Close Lower As US Dollar Strengthens

KUALA LUMPUR, July 7 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower on Monday as the US dollar strengthened, analysts said.

Ringgit Lower Against US Dollar, Appreciates Vs Other Major Currencies

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, July 7 (Bernama) -- The ringgit closed weaker against the US dollar on Monday but traded better against major currencies, as traders and investors are observing the United States (US) tariff situation, an analyst said.