Latest news with #AfifahAriffin
CNA
16 hours ago
- Business
- CNA
Malaysia PM Anwar unveils new five-year road map, says Trump will attend ASEAN Summit in Oct
Anwar Ibrahim has hailed the 13th Malaysia Plan — a five-year blueprint that charts the country's priorities — as a beacon of transformation. This, as the nation tackles increasing complex challenges. The plan sets out how Malaysia intends to raise incomes, create new growth engines and narrow long-standing inequalities. Speaking in Parliament, the prime minister told lawmakers to expect a tariff deal with Washington tomorrow, and confirmed that US President Donald Trump will attend the ASEAN Summit in October. Afifah Ariffin reports.
CNA
15-07-2025
- Business
- CNA
Early signs of strain as Malaysia's export sector braces for 25% US tariff
Malaysia's export sector is showing early signs of strain, ahead of the 25% US tariff set to take effect on Aug 1. Manufacturers have seen dwindling orders, as buyers are hesitant amid the ongoing uncertainty. The Trade Ministry is pushing ahead with negotiations, but analysts warned that Malaysia must prepare for both short- and long-term effects of the trade war. Afifah Ariffin reports.
CNA
07-07-2025
- Business
- CNA
ASEAN foreign ministers to discuss regional and global challenges amid trade concerns
ASEAN foreign ministers are gathering in Kuala Lumpur this week against the backdrop of the dispute between Thailand and Cambodia. Trade concerns stemming from US President Donald Trump's tariff campaign are also weighing on their minds. Observers say the bloc is facing growing pressure to prove its relevance, amid global uncertainty and a range of regional challenges. CNA's Afifah Ariffin reports.
CNA
07-07-2025
- Business
- CNA
BRICS Summit: Bloc leaders slam "indiscriminate" import tariffs in joint statement
Leaders of the BRICS group of nations have slammed what they describe as "indiscriminate" import tariffs as they meet in Rio de Janeiro, Brazil. The joint statement by the bloc of emerging economies did not mention the US or its leader Donald Trump by name. But it comes days before a tariff deadline set by the White House. Ishan Garg, Afifah Ariffin, Saifulbahri Ismail and Kate Fisher report.
CNA
30-06-2025
- Business
- CNA
Malaysia's expanded Sales and Services Tax to take effect tomorrow
Malaysia's expanded Sales and Services Tax (SST) will take effect tomorrow (Jul 1), despite public outcry. The tax hike of 5% to 10% will apply to a range of luxury and non-essential items, such as imported seafood. Foreigners can also expect to pay more for private healthcare and education. The expanded SST is projected to generate up to RM10 billion, or US$2.4 billion, a year — revenue the government said will go towards healthcare, education and targeted subsidies. Afifah Ariffin has more.
