The Federal Budget Balance, a key indicator of the government’s financial health, has reported a significant deficit. The actual deficit stands at -$316.0B, a figure that has surpassed the forecasted deficit of -$314.3B.
Natural Rubber (NR) production decreased by 37.3 per cent in April 2025 (18,008 tonnes) as compared to March 2025 (28,739 tonnes). Year-on-year comparison showed that the production of NR decreased by 15.6 per cent (April 2024: 21,325 tonnes). Production of NR in April 2025 for Malaysia was mainly contributed by smallholders sector (86.0%) as compared to estates sector (14.0%).
The US Federal Reserve will keep interest rates on hold for at least another couple of months, according to most economists polled by Reuters, as risks linger that inflation may resurge due to President Donald Trump's tariff policies.
U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures.
The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies.
Tire maker Michelin will close a plant in the state of Queretaro in central Mexico by the end of this year, the company announced on Monday.