India’s trade deficit widened to a record in October as imports rose due to higher domestic demand after a cut in consumption tax, while outbound shipments fell due to US tariff policies.
Asian stocks slid in early trade on Tuesday, as financial markets waited on a rush of key US economic data delayed by the government shutdown while investors rolled back bets of a Federal Reserve (Fed) rate cut next month.
Malaysia approved investments totalling RM285.2 billion in the first nine months of 2025, according to the Ministry of Investment, Trade and Industry.
Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has called for a unified effort between rubber smallholders under Rubber Industry Smallholders Development Authority (RISDA) and the Sabah Rubber Industry Board (LIGS) to strengthen Sabah’s rubber industry and immediately raise rubber prices for the benefit of rural producers.
In a significant rebound from an initially sluggish year, the Vietnam Automobile Manufacturers Association (VAMA) reported a 24% surge in car sales in October, with a total of 37,910 vehicles sold. This increase reflects a revival in consumer demand coupled with an abundant supply, and is also attributed to the appeal of promotional programs during the year-end shopping season. The association, which comprises more than a dozen major auto companies, provided this information in its latest report.
Members of the team representing China at the COP30 summit said trade rules and restrictions, including US President Donald Trump’s tariffs and measures adopted by the EU, are undermining global efforts to limit warming and are weakening climate ambition.