The stories shaping Malaysia, in focus.
Malaysia has been assigned a 10% tariff rate under US Section 301 forced labour measures, placing it in the lower tier among 17 affected economies. The favourable rate recognises Malaysia's commitments to labour protections.
Malaysia has become subject to a 10 per cent tariff on exports to the United States effective July 24, following Washington's investigation into forced labour practices. The Ministry of Investment, Trade and Industry says it will continue engaging with US authorities.
The ringgit depreciated against the US dollar on Friday despite gaining against other major currencies, as the Trump administration announced new tariffs targeting Malaysia and 59 other economies, prompting risk-averse market positioning.
The Langkawi Development Authority is collaborating with Malaysia's Finance Ministry and Customs Department to eliminate double taxation barriers preventing local SMEs from expanding beyond the island's borders.
Malaysia's government has tasked two key ministries with reviewing proposals from the plastics industry as the sector navigates severe global supply chain disruptions affecting raw material availability and production.
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Malaysia's Halal Home Grown Champion programme has unlocked RM187.91 million in potential sales for local enterprises from 2024 to 2026, supporting over 500 businesses including Bumiputera and women-led firms.
Prime Minister Anwar Ibrahim underscores Malaysia's strategic importance as a trading nation, emphasising ASEAN centrality while pursuing diversified economic partnerships across West Asia, Central Asia, Africa and Latin America.