Myanmar’s military government said it remains upbeat on reaching a deal with the US to see a decrease in Trump’s new tariffs of 40% on goods from the Southeast Asian country.
Asian share markets followed Wall Street lower on Monday as fears for the US economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar.
Oil prices fell on Monday after Opec+ agreed to another large production hike in September, adding to supply, but worries about disruptions in Russian oil shipments to major importer India limited losses.
Vietnam's VinFast Auto Ltd sees its new Indian factory as key to entering South Asia, the Middle East and Africa, the electric vehicle (EV) maker's chief executive officer for Asia Pham Sanh Chau said, as it begins a US$500 million (RM2.12 billion) push to crack the world’s third-biggest car market.
Malaysia has agreed to buy and invest over US$240 billion (RM1.02 trillion) with the US to help reduce the trade gap between the two countries.
US inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year.