Malaysia is unlikely to achieve its Gross Domestic Product (GDP) growth forecast target due to the current economic uncertainty, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Natural Rubber (NR) production increased by 24.9 per cent in May 2025 (22,494 tonnes) as compared to April 2025 (18,008 tonnes). Year-on-year comparison showed that the production of NR decreased by 12.2 per cent (May 2024: 25,608 tonnes). Production of NR in May 2025 for Malaysia was mainly contributed by smallholders sector (85.4%) as compared to estates sector (14.6%).
Brussels is discussing with US counterparts a range of measures aimed at protecting the European Union's (EU) auto industry from steep US import duties, including tariff cuts, import quotas and credits against the value of EU automakers' US exports, industry sources and trade officials say.
Japan’s automakers slashed the price of products exported to the US at a record pace, in a sign that companies are sacrificing profits to remain competitive as US President Donald Trump’s tariffs hit cars.
Automakers are urging customers to snap up electric vehicles before a US$7,500 US tax credit goes away this fall.
The Malaysian Rubber Glove Manufacturers Association (Margma) has urged the government to promptly enter sectoral tariff negotiations with the United States, following Washington’s decision to raise import duties on rubber gloves to 25% from Aug 1, 2025.