Gao Xiaoyu, the founder of an industrial land consulting firm in Jakarta, has been inundated with calls from Chinese companies eager to expand or set up operations in Indonesia, as they try to shield themselves from the United States' hefty import tariffs.
China-based high-technology semiconductor company Ferrotec’s RM550 million investment in Pasir Gudang, Johor, through subsidiary Ferrotec Power Semiconductor Malaysia Sdn Bhd, has been realised and is expected to generate an annual export value of RM600 million.
Cambodia earned over $387 million from rubber and rubberwood exports in the first seven months of 2025, marking a more than 42 percent increase compared to the same period last year, according to a report by the General Department of Rubber.
The US government's budget deficit grew nearly 20% in July to US$291 billion despite a nearly US$21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday.
Oil prices were little changed on Wednesday after falling in the previous session, after an industry report showed US crude stockpiles climbed last week, illustrating the end of the seasonal summer demand period is nearing.
Japan’s annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank’s view that upward price pressure from raw material costs will dissipate.