By Dato Dr. Ilango Karuppannan Former U.S. President Donald Trump’s decision to impose tariffs on 60 countries signals a broader shift toward economic fragmentation and protectionism. This is not just about countering China or protecting American industries—it represents a systematic dismantling of the post-World War II trade order, which was built on openness through institutions…
The ringgit opened lower against the US dollar due to a lack of buying interest, as market uncertainty persists following US President Donald Trump’s global reciprocal tariffs. At 8.09 am, the ringgit depreciated to 4.4485/4765 against the greenback from last Friday’s close of 4.4335/4400. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid…
Major stock indexes plunged in Asia today as White House officials showed no sign of backing away from their sweeping tariff plans, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early as May. Futures markets moved swiftly to price in almost five quarter-point cuts in U.S. rates this…
Parents can help their children who are of students to master English by allowing their children to apply what they are learning at home by conversing with them daily in the language so they can build up confidence, said the BELL Language centre principal Angeline Khoo. She said that confidence can come if students are…
Datuk Seri Dr Mujahid Yusof Rawa US President Donald Trump recently announced new tariffs imposed on 158 countries worldwide, including Malaysia, effective April 9. These tariffs are a reciprocal response to international trade issues which Trump claims involved various barriers, obstacles and restrictions on US products. They also reflect Trump’s radical move to restructure the…
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…
