Foreign Ministry Pledges Support For 13MP, Boosts Malaysia's Global Profile
The ministry affirmed its readiness to lead efforts to enhance Malaysia's international cooperation through effective diplomacy, in navigating a complex and uncertain geopolitical landscape.
'This approach will not only reinforce Malaysia's position globally but also drive long-term growth and boost national revenue through constructive and impactful engagement with foreign partners,' it said in a statement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
6 minutes ago
- New Straits Times
Bursa Malaysia ends morning session lower amid mixed regional markets
KUALA LUMPUR: Bursa Malaysia ended the morning session lower, weighed by continued selling in selected heavyweight counters despite promising uptake from the 13th Malaysia Plan (13MP) announcement last week and the US tariff reduction on Malaysian goods. The downtrend at the midday break followed mixed performances in regional markets and a selloff on Wall Street last Friday. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.30 points, or 0.35 per cent, to 1,528.05 from last Friday's close of 1,533.35. The benchmark index had opened 3.07 points lower at 1,530.28 and moved between 1,522.96 and 1,530.28 throughout the morning session. The market breadth was negative, with 540 decliners outpacing 313 gainers. Another 430 counters were unchanged, 1,207 untraded and 11 suspended. Turnover stood at 1.67 billion securities worth RM952.56 million. Malacca Securities Sdn Bhd said the local benchmark index kicked off the week on a softer note following Wall Street's sell-off on Friday. However, the brokerage noted that the announcement of the 13th Malaysia Plan (13MP) last week placed strong emphasis on artificial intelligence development, green energy, and digital transformation — factors that could help lift market sentiment. "Therefore, we continue to remain bullish toward the utilities, construction, telecommunication, and renewable energy sectors," it said in a note today. Among the heavyweights, Maybank lost five sen to RM9.55, Public Bank fell four sen to RM4.25, and Tenaga Nasional was 12 sen lower at RM13.18. CIMB dipped five sen to RM6.74, while IHH Healthcare added two sen to RM6.70. In active trade, Trive Property was flat at one sen, Magma lost 3.5 sen to 38 sen, Inari Amertron shed 14 sen to RM1.99, and Zetrix AI erased 1.5 sen to 88 sen. Pharmaniaga inched up one sen to 18 sen. Top gainers included Nestle, which bagged 42 sen to RM88.22, while United Plantations and Allianz Malaysia garnered 18 sen each to RM21.80 and RM17.78, respectively. Among the top decliners, Malaysian Pacific Industries lost 30 sen to RM20.04, Hong Leong Bank slipped 14 sen to RM19, and Petronas Dagangan was 14 sen down at RM21.48. Across the broader market, the FBM Emas Index lost 42.66 points to 11,482.67, the FBMT 100 Index narrowed 42.49 points to 11,243.14, and the FBM Emas Shariah Index dropped 28.97 points to 11,511.79. The FBM 70 Index declined 78.19 points to 16,635.68, while the FBM ACE Index went up 3.95 points to 4,628.32. By sector, the Financial Services Index sank 101.47 points to 17,378.73, the Industrial Products and Services Index eased 0.83 of a point to 158.31, and the Energy Index ticked down 5.36 points to 744.24. The Plantation Index ticked up 10.90 points to 7,381.87.
The Sun
6 minutes ago
- The Sun
Malaysia maintains national interests in US trade negotiations
KUALA LUMPUR: Malaysia has upheld its national interests while securing improved trade terms with the United States, ensuring protections for strategic industries and Bumiputera provisions remain intact. Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz clarified that the country did not compromise its policies for preferential treatment. 'The United States grants Malaysia equivalent rates due to our importance as a major trading partner and our ability to offer high-quality trade and investment commitments, even without full sectoral liberalisation,' he said during a Dewan Rakyat briefing. Tengku Zafrul highlighted that the new tariff rate of 19 per cent, a six-point reduction from the initial July 2025 announcement, reflects Malaysia's strong position in global trade. 'This proves developing nations can engage internationally without surrendering to extreme liberalisation pressures,' he added. The minister noted that Malaysia and the US are finalising a joint statement outlining negotiated outcomes and mutual commitments. Discussions on a Reciprocal Trade Agreement will continue to ensure implementation. The US remains Malaysia's top export destination (RM198.65 billion in 2024) and a key foreign investor (RM32.82 billion). - Bernama
The Sun
6 minutes ago
- The Sun
Malaysia-Russia ties strengthen with King's historic state visit
KUALA LUMPUR: The state visit of His Majesty Sultan Ibrahim, King of Malaysia, to Russia at the invitation of President Vladimir Putin signals a significant step forward in bilateral relations between the two nations. Prime Minister Datuk Seri Anwar Ibrahim emphasised that the visit, scheduled from August 5 to 10, will enhance cooperation in trade, investment, education, and technology. Anwar stated, 'Malaysia has the potential to attract new investments and advanced technologies from Russia, particularly in the fields of energy, aerospace, defence, and smart agriculture, in line with the MADANI Economy framework that emphasises competitiveness, sustainability, and shared prosperity.' The Prime Minister noted that the visit underscores the monarchy's diplomatic role, reinforcing Malaysia's reputation as a neutral and progressive nation. This marks the first state visit by a Malaysian Head of State to Russia since diplomatic ties began in 1967. Anwar added, 'This reflects His Majesty's role as a symbol of national unity and a strategic contributor to strengthening Malaysia's international relations.' The Prime Minister attended the royal send-off ceremony at the Royal Malaysian Air Force base in Subang. Russia ranks as Malaysia's ninth-largest trading partner in Europe and 28th globally, with bilateral trade valued at RM11.46 billion (USD2.48 billion) in 2024. From January to June 2025, trade between the two nations reached RM4.13 billion (USD945.7 million). - Bernama
