1y ago
By Durratul Ain Ahmad Fuad and Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, April 10 (Bernama) -- Uncertainties in the foreign exchange market will continue to prevail until there is greater clarity on policy direction, particularly regarding the tariff lengths, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.
1y ago
By Danni Haizal Danial Donald
KUALA LUMPUR, April 10 (Bernama) -- ASEAN is looking forward to re-establishing the ASEAN Swap Arrangement (ASA) to strengthen the region’s financial safety net and resilience, according to a joint statement from the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM).
1y ago
By Harizah Hanim Mohamed
KUALA LUMPUR, April 10 (Bernama) – Country coordinator Cambodia for the ASEAN-United States (US) dialogue for the 2024-2027 cycle will host a meeting of the grouping’s economic ministers and American trade officials from April 22-23, with US tariffs expected to take centre stage.
1y ago
KUALA LUMPUR, April 10 (Bernama) -- Malaysia and ASEAN will continue to discuss and engage in dialogue with New Zealand and other key trading partners to develop an inclusive strategy to overcome challenges such as the US tariffs for the benefit of regional economic prosperity, said Prime Minister Datuk Seri Anwar Ibrahim.
1y ago
KUALA LUMPUR, April 10 (Bernama) -- ASEAN member states will explore suitable financing structures and alternative tools, including Islamic finance solutions, to finance the ASEAN Power Grid (APG) projects as well as sustainable infrastructure development.
1y ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, April 10 (Bernama) -- ASEAN is prepared to collaborate constructively with all partners, including the United States (US), to discover balanced, forward-looking solutions that promote a more resilient and sustainable global economy, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
1y ago
By Siti Baaqiah Mamat
KUALA LUMPUR, April 10 (Bernama) -- The imposition of United States’ (US) tariffs and the potential for retaliatory measures could lead to heightened volatility in capital flows and exchange rates, according to a joint statement of the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM).
1y ago
By Nor Baizura Basri and Karina Imran
KUALA LUMPUR, April 10 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim strongly believes that trading countries should use the World Trade Organisation (WTO) platform to resolve trade issues and problems, including tariffs.
1y ago
By Harizah Hanim Mohamed
KUALA LUMPUR, April 10 (Bernama) -- Malaysia, as the ASEAN chair this year, is working to set a date for the Special Leaders’ Meeting to discuss the bloc’s way forward in addressing and mitigating potential disruptions to regional trade caused by the tariffs imposed by the United States.
1y ago
By Danni Haizal Danial Donald
KUALA LUMPUR, April 10 (Bernama) -- Sorellicious Legacy, a manufacturer of fresh roselle-based products operating in Klang, Selangor, aims to export dried roselle to the Southeast Asian market by the end of this year.
1y ago
SINGAPORE, April 10 (Bernama) -- Singapore will continue to work closely with other ASEAN Member States to double down on regional economic integration amid uncertainties following the new United States (US) tariff measures, said Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong.
1y ago
KUALA LUMPUR, April 10 (Bernama) -- A Special ASEAN Leaders’ Meeting will be convened to discuss the en bloc’s member states’ way forward and to address and mitigate potential disruptions to regional trade, supply chain networks, and cross-border investments in the face of rising geopolitical and economic challenges