Stock indexes tumbled on Thursday, with the S&P 500 down more than 4%, while the US dollar weakened and oil prices fell more than 6% as President Donald Trump’s drastic US trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. A new baseline 10%…
BY: LEE CHEAN CHUNG In a move that sent shock waves through global markets early this morning, the United States announced a sweeping imposition of country-specific tariffs on all ASEAN member states. Citing trade imbalances, alleged unfair subsidies, and national security concerns, the new measures mark a significant shift in global trade dynamics. Effective from…
By Howard Lee U.S. administration claims Malaysia imposes a 47% tariff on American goods, justifying the 24% reciprocal tariff. This figure is perplexing and warrants scrutiny. Malaysia’s average applied tariff rate is considerably lower, and such a high percentage does not align with our nation’s trade policies or strategic positioning. How did the U.S. arrive…
At least three people were killed and seven wounded in an Israeli airstrike on Beirut’s southern suburbs early on Tuesday, the Lebanese health ministry said, further testing a shaky four-month ceasefire between Israel and the Iran-aligned group. The Israeli military said in a statement that it attacked a Hezbollah militant “who had recently directed Hamas…
PLUS that manages the Elite Highway initially halted traffic following a fire that was caused by a gas pipeline explosion earlier this morning near Putra Heights. The fire had occurred at KM10.7 of the southbound lanes of the expressway from USJ to Putra Heights. Traffic was halted on both directions at 11.43am. About 20 minutes…
Penang Hindu Endowment Board chairman RSN Rayer has reiterated that he would let the DAP determine his tenure in the PHEB. “I leave it entirely to the party leadership . Let the party decide if they want me to continue come July. Thank you,” said Rayer who is also Jelutong MP. He said this in…
President Donald Trump’s administration told Congress on Friday it would cut nearly all remaining jobs at the US Agency for International Development and shut the agency, even as Trump promised that the US would provide assistance to Myanmar following a devastating earthquake. Humanitarian aid experts expressed alarm at the new cuts to an agency whose…
The United States has paused contributions to the World Trade Organization, three trade sources told Reuters, as US President Donald Trump’s administration ramps up efforts to cut government spending. The Trump administration is retreating from global institutions it sees as at odds with his “America First” economic policies. It plans to quit some, such as…
Controversial Indian Muslim convert preacher Zamri Vinoth Kalimuthu, 41 has been remanded for two days, until tomorrow. The two-day remand order given by Magistrate Ana Rozana Mohd Nor in Kangar. This is over his Facebook posting on the relocation of Sri Pathrakaliamman temple issue in Kuala Lumpur. He alleged insulted the Hindu faith and threatened…
By: Marques Jeevan Menon The arrest of Zamri Vinoth, especially in the context of the ongoing temple relocation controversy, is seen (to me at least) as poorly timed and politically tone-deaf. Here’s why the optics are especially sensitive and why it’s being perceived as a “double whammy” for the community. Zamri’s remarks, which mocked aspects…
