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US Tariffs Expected To Have Direct Impact On Malaysia's GDP -- Tengku Zafrul

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.

Innovative Funding Mechanisms Can Accelerate ASEAN's Transition Towards Low-carbon Economy - Amir Hamzah

KUALA LUMPUR, April 7 (Bernama) -- Innovative funding mechanisms are vital for ASEAN to accelerate its transition towards a low-carbon economy, while strengthening climate resilience, in a just, inclusive and orderly way, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

MADANI Govt Taking Firm Steps To Address Impact Of US Tariffs -- Tengku Zafrul

KUALA LUMPUR, April 7 (Bernama) -- The MADANI government is putting in place strong measures to mitigate the United States (US) tariffs’ impact on Malaysia, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

ASEAN Finance Ministers To Deepen Resilience And Economic Integration As Global Trade War Erupts 

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.

Tengku Zafrul To Chair Special ASEAN Meet To Discuss Implications, Coordinate Response On US Tariffs

KUALA LUMPUR, April 4 (Bernama) -- In Malaysia’s capacity as ASEAN chair for 2025, under the ASEAN Economic Community (AEC) pillar, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz will chair a Special ASEAN Economic Ministers’ Meeting on April 10, 2025.

Malaysia Well-positioned To Face Economic Crisis If Global Trade War Breaks Out – Amir Hamzah

By Mikhail Raj Abdullah

PUTRAJAYA, April 4 (Bernama) – Malaysia is well-positioned to face any economic crisis following fears that the United States’ (US) sweeping tariffs on 168 countries, including Malaysia, will start a global trade war.

AKWEL 2024 Profit, Revenue Decline Amid Inflationary Pressures

KUALA LUMPUR, April 4 (Bernama) -- AKWEL, a parts and systems manufacturer for the automotive and heavy-vehicle industry, has recorded a net income of 24.2 million euros in 2024, declining 32.3 per cent from 35.7 million euros in the previous year. (1 Euro = RM4.90)

Axiata To Exit Myanmar With US$150 Mln Divestment

KUALA LUMPUR, April 4 (Bernama) -- Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million).

Maybank IB Shaves GDP Growth Forecast To 4.3 Pct In 2025 Due To US Tariff

KUALA LUMPUR, April 4 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) has revised Malaysia’s 2025 real gross domestic product (GDP) growth forecasts to 4.3 per cent from 4.9 per cent and to 4.0 per cent from 4.6 per cent for 2026.

AM Best Affirms "A" Rating For Hong Kong's CMB Wing Lung Insurance

KUALA LUMPUR, April 4 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) for Hong Kong’s CMB Wing Lung Insurance Company Ltd (CMBWLI), with a stable outlook.

Giesecke+Devrient Posts Record 3.132 Bln Euros Revenue In 2024, Maintains Growth Trajectory

KUALA LUMPUR, April 3 (Bernama) -- Giesecke+Devrient (G+D), a SecurityTech company, reported a record-breaking 3.132 billion euros in revenue for the 2024 fiscal year, surpassing its strong performance in 2023 despite challenging economic conditions. (1 Euro = RM4.85)

Malaysia Needs To Shift Economy To Next Level Of Productivity - Nordin Abdullah

KUALA LUMPUR, April 3 (Bernama) -- Malaysia will need to shift its own economy to the next level of productivity to remain competitive post-US tariffs announcement as internal reforms are now becoming even more important to the country.