Economists at Goldman Sachs Group Inc expect the US baseline “reciprocal” tariff rate will rise from 10% to 15%, with a 50% levy on copper and critical minerals — an outcome that threatens to fuel inflation and weigh on economic growth.
Singapore’s key inflation gauge rose at the same annual rate in June from last month, ahead of a closely watched monetary policy review.
President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the Southeast Asian country’s exports, a deal Philippine businesses say may push them to look at other markets.
The United States and Japan struck a deal to lower the hefty tariffs US President Donald Trump threatened to impose on goods from its Asian ally, that included a US$550 billion (RM2.32 trillion) package of US-bound investment and loans from Tokyo.
A total of 239,053 smallholders have received RM523.4 million in payments under the Rubber Production Incentive (IPG) scheme since its introduction in September 2015, the Ministry of Plantation and Commodities (KPK) confirmed. The scheme, designed to ensure a fair income for rubber smallholders when prices dip below the threshold, was increased to RM3 per kilogramme starting in 2024.
Bank Negara Malaysia (BNM) is expected to maintain its benchmark interest rate at 2.75% until at least mid-2026, as it stays cautious amid persistent global headwinds, according to a CIMB Bank Bhd analyst.