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Maybank IB Shaves GDP Growth Forecast To 4.3 Pct In 2025 Due To US Tariff

KUALA LUMPUR, April 4 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) has revised Malaysia’s 2025 real gross domestic product (GDP) growth forecasts to 4.3 per cent from 4.9 per cent and to 4.0 per cent from 4.6 per cent for 2026.

ASEAN Will Not Retaliate Against US Tariffs But Engage Washington For A Reduction - Amir Hamzah 

PUTRAJAYA, April 4 (Bernama) -- Malaysia, as the ASEAN chair this year, will prioritise the importance of deepening regional economic ties following the announcement of sweeping US tariffs on the bloc’s member nations as well as leading them in engaging Washington in talks to potentially reduce retaliatory tariffs on imports into America.

RHB IB Trims Malaysia’s 2025 GDP Forecast To 4.5 Pct Amid Tariff Pressures

KUALA LUMPUR, April 4 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has revised Malaysia’s gross domestic product (GDP) forecast for 2025 downwards to 4.5 per cent from an earlier projection of 5.0 per cent, following rising trade tensions and recent tariff hikes that pose a threat to the nation’s export-driven economy.

AM Best Affirms "A" Rating For Hong Kong's CMB Wing Lung Insurance

KUALA LUMPUR, April 4 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) for Hong Kong’s CMB Wing Lung Insurance Company Ltd (CMBWLI), with a stable outlook.

PAC To Hold Five More Closed-door Proceedings On Insurance Hikes, Hospital Fees

By Zufazlin Baharuddin

KUALA LUMPUR, April 4 (Bernama) -- The Public Accounts Committee (PAC) will conduct five more closed proceedings this month regarding the increase in health insurance premiums, private hospital charges, and the impact on public health before preparing a comprehensive report for presentation during the parliamentary session in June.

Malaysian SMEs Urged To Diversify, Leverage ASEAN Countries To Navigate Tariff Challenges

KUALA LUMPUR, April 3 (Bernama) -- Malaysian small and medium enterprises (SMEs) must take steps to diversify both their sources of raw materials and their customer base, ensuring that supply chain risks are mitigated, according to Small and Medium Enterprises Association of Malaysia (Samenta) national president Datuk William Ng.

Ringgit Stable Against US Dollar, Ends Marginally Higher At 4.44

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, April 3 (Bernama) -- The ringgit, which faced pressure against the US dollar following United States (US) President Donald Trump’s announcements on global reciprocal tariffs, closed relatively stable today, said an analyst. 

FMM, ACCCIM Urge Govt To Engage US On Tariff Hike, Warns Of Significant Impact On Malaysian Exports And Employment

KUALA LUMPUR, April 3 (Bernama) – The Federation of Malaysian Manufacturers (FMM) has called on the government to engage with the United States to seek a reconsideration of the newly imposed 24 per cent tariff on Malaysian exports.

Rubber Market Ends Lower Amid US Tariff Hike

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, April 3 (Bernama) -- The Malaysian rubber market closed lower again on Thursday in tandem with regional rubber futures markets in light of the greater-than-expected US tariff hike and sharp declines in crude oil prices, a dealer said.

Malaysia Explores Measures To Mitigate Impact On Exports, Not Considering Retaliatory Tariffs - MITI

KUALA LUMPUR, April 3 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) views the 10 per cent tariffs hikes and reciprocal tariff announced by the United States of America (US) on Malaysian exports to the US seriously and is actively engaging with the US authorities to seek solutions that will uphold the spirit of free and fair trade.

Cybersecurity Powers Malaysia’s Digital Factories To A Secure Future

KUALA LUMPUR, April 3 (Bernama) -- As Malaysian manufacturers undergo digital transformation, safeguarding operations, data, and supply chains from rising threats becomes crucial, requiring swift action to bolster cybersecurity defences.

MTA, Takaful Operators Mobilise Aid For Putra Heights Explosion Victims

KUALA LUMPUR, April 2 (Bernama) -- The Malaysian Takaful Association (MTA) together with its member takaful operators stand united in support of Putra Heights explosion victims by mobilising emergency support for affected communities.