Trump’s 300 Pct Chip Tariffs Threaten Global Semiconductor Industry

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 19 (Bernama) – United States (US) President Donald Trump’s move to impose up to 300 per cent tariffs on semiconductor chip imports into the US will be a devastating blow to the global industry.

Ringgit Rebounds To Open Slightly Higher Vs US Dollar 

KUALA LUMPUR, Aug 19 (Bernama) -- The ringgit rebounded to open slightly higher against the US dollar and major currencies, despite the US dollar’s uptrend amidst the United States (US)-Ukraine talk, said an analyst. 

Malaysia Remains Committed To Reactivating D-8 Economic Cooperation - MITI

KUALA LUMPUR, Aug 18 (Bernama) -- Malaysia remains committed to reactivating economic cooperation with member countries of the Developing Eight (D-8) through various strategic initiatives, according to the Ministry of Investment, Trade and Industry (MITI).

Malaysia’s Manufacturing Sector Poised For Growth With Right Partnerships & Policies -- PM Anwar

PETALING JAYA, Aug 18 (Bernama) -- Malaysia’s manufacturing sector is poised to thrive in this new era with the right partnerships and policies, and ASEAN’s leadership providing the platform for growth.

Kemaman Port Needs Updating, Sandakan Joins ASEAN Liberalisation -- MOT

KUALA LUMPUR, Aug 18 (Bernama) – The Ministry of Transport (MOT) has requested that Kemaman Port Consortium update and submit its development proposal for Kemaman Port, in line with the port development plan and concession agreement.

Malaysia Concludes FTA Talks With S. Korea, Signing Expected In October – Tengku Zafrul

By Nur Ashikin Abdul Aziz

SINGAPORE, Aug 18 (Bernama) -- Malaysia has concluded negotiations for a free trade agreement (FTA) with South Korea and is expected to sign the agreement in October, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz.

PETRA To Boost Clean Power Initiatives For Industrial Users

KUALA LUMPUR, Aug 18 (Bernama) -- The Ministry of Energy Transition and Water Transformation (PETRA) will strengthen initiatives to offer green electricity supply through third-party access to expand the use of clean energy, particularly among the industrial sector.

Ringgit Ends Lower Vs US Dollar Ahead Of FOMC Minutes Release This Week

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 18 (Bernama) -- The ringgit closed lower against the US dollar ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes this week. 

Malaysia To Push For Substantial Conclusion Of DEFA Negotiations At AEM Meeting – Tengku Zafrul

By Nur Ashikin Abdul Aziz

SINGAPORE, Aug 18 (Bernama) -- Malaysia will push for a “substantial conclusion” of the ASEAN Digital Economy Framework Agreement (DEFA) at the ASEAN Economic Ministers’ (AEM) Meeting from Sept 24 to 26 in Kuala Lumpur, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

B. Grimm Urges Faster ASEAN Energy Integration To Harness Laos' Hydro And Malaysia's Solar Capacities

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 17 (Bernama) – The groundwork for ASEAN energy integration has long been laid, but sharper focus and faster action are needed to propel renewable energy to the next level by harnessing each member’s strengths, said B. Grimm Power Public Company Ltd.

ASEAN Poised To Lead Global South In Low-carbon, Sustainable Growth -- Tengku Zafrul

SUBANG JAYA, Aug 16 (Bernama) -- ASEAN can set the benchmark for sustainable growth in the Global South if  policies, businesses, and people are aligned towards a low-carbon future, said the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Ringgit Likely To Trade Around RM4.20–RM4.22 Next Week On Uncertainties Over Us Interest Rates

By Siti Noor Afera Abu

KUALA LUMPUR, Aug 16 (Bernama) -- The ringgit is expected to hover between RM4.20 and RM4.22 next week as traders and investors remain cautious over the trajectory of US interest rates.