Malaysia’s economy remains on a “strong footing” and may expand 4.0%-4.8% this year, the central bank said on Monday, days ahead of the US tariff deadline.
Malaysia’s foreign levy under the proposed multi-tier mechanism could see a minimum increase of between RM300 and RM500, a Home Ministry official was quoted as saying in the Public Accounts Committee’s (PAC) latest report.
The US and European Union (EU) agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.
Malaysia can become a global food producer by emulating its success in the palm oil and rubber industries, according to the Malaysian Institute of Economic Research (MIER).
Malaysia is aiming for the lowest possible tariff on goods exported to the United States, its trade minister said on Thursday, denying reports that it is targeting a rate of 20%.
Malaysia’s semiconductor exports remained resilient, growing 15.7% in the first six months of this year alone (1 2025), outpacing overall export growth of 3.8%, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.