Malaysia’s new trade deal with the US keeps duty-free access for key sectors that make up about 12% of exports to the US, helping safeguard industries from rising US protectionism, the Federation of Malaysian Manufacturing (FMM) said.
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the second time this year as they look to prevent further slowing in the labor market.
The United States’ tariff rate on Malaysia remains at 19% with exemptions given to 1,711 tariff lines, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
The EU passenger car market expanded 10% in September compared to the same month last year, with 888,672 new automobile registrations, according to data released Tuesday by the European Automobile Manufacturers’ Association.
New vehicle registrations in Singapore increased by 25% to 45,377 in the first nine months of 2025, up from 36,567 units in the same period last year, driven by strong demand for battery electric vehicles (BEVs) under the government’s Electric Vehicle (EV) Early Adoption Incentive scheme.
Reducing non-tariff barriers can boost Asean’s gross domestic product (GDP) by 4.3% over the long run, according to the International Monetary Fund (IMF).