Malaysia's automotive sector is expected to face softer sales momentum in the second half of 2025 due to looming inflationary pressures on consumers, according to RHB Research.
A total of RM474.2 billion in approved investments across various economic sectors was recorded between 2024 (full year) and March 2025, according to the Ministry of Investment, Trade and Industry (Miti).
The Asean+3 Macroeconomic Research Office (Amro) has downgraded its economic growth forecast for Malaysia in 2025 to 4.2%, from 4.7%, after taking into account rising global uncertainties stemming from heightened US tariffs and the subsequent impact from the broader slowdown in global demand.
Tesla’s electric-vehicle registrations in California fell 21.1% in the second quarter, according to industry data, marking the seventh consecutive quarterly drop in the crucial US market.
Oil prices edged up in Asian trade on Wednesday, after falling for three consecutive sessions as a US trade deal with Japan signalled progress on tariffs, though gains were capped by fading hopes for a breakthrough at an European Union (EU)-China summit.
Indonesia has agreed to eliminate tariffs on more than 99% of US goods and scrap all non-tariff barriers facing American firms, while the US will drop threatened tariffs on Indonesian products to 19% from 32%, the two countries said on Tuesday.