Malaysian businesses concern over new US tariff impact

President Tan Sri Soh Thian Lai of the Federation of Malaysian Manufacturers (FMM) warned that such pressures could force some companies, especially those in cost-sensitive sectors like electrical machinery services (EMS), which supports US-linked manufacturing operations in Malaysia, to scale back operations.

Illustrative photo (Source: AFP/VNA)
Illustrative photo (Source: AFP/VNA)

Kuala Lumpur (VNA) – With just one month left before the US imposes a 24% tariff on all Malaysian goods exports, exporters are expressing concerns that more than half of them will be negatively affected if Malaysia fails to secure a deal, as reported by the local English-language newspaper The Star.

President Tan Sri Soh Thian Lai of the Federation of Malaysian Manufacturers (FMM) warned that such pressures could force some companies, especially those in cost-sensitive sectors like electrical machinery services (EMS), which supports US-linked manufacturing operations in Malaysia, to scale back operations.

The combined effects of order cuts, shrinking margins and prolonged cost pressures could have serious repercussions for the country’s export-reliant industries, he said.

Malay Economic Action Council senior fellow Ahmad Yazid Othman said, in principle, the council’s position is that Malaysia must accept that tariffs would be imposed.

“We hope that the government will do more to spur domestic consumption and be prepared that tariffs will increase,” he said as quoted by The Star./.

VNA

See more

ASEAN becomes leading RoK's export market

ASEAN becomes leading RoK's export market

Outbound shipments to the ASEAN region came to 47.88 billion USD in the January-May period, up 4.3% from the same period last year, according to data compiled by the Korea International Trade Association (KITA).

A corner of Bangkok. (Photo: bangkokscoop.com)

Bangkok among top 10 cities for global conferences

Thailand hosted 158 international meetings last year, up from 143 in 2023, deputy government spokeswoman Sasikarn Wattanachan said, citing the International Congress and Convention Association's 2024 GlobeWatch Business Analytics – Country & City Rankings, unveiled at IMEX Frankfurt 2025.

Indonesian Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono, at the opening of the International Conference on Infrastructure (ICI) 2025 in Jakarta, June 11, 2025. (Photo: Antara)

Indonesia targets universal access to clean water by 2045

Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono called on all stakeholders to work together in building a sustainable clean water system, stressing that universal access can only be achieved through broad-based cooperation and shared commitment across society.

Indonesian Foreign Minister Sugiono (third, left) and his New Zealand counterpart Winston Peters (third, right) co-chair the 12th meeting of the Indonesia-New Zealand Joint Ministerial Commission (JMC) in Jakarta, on June 13. (Photo: ANTARA)

Indonesia, New Zealand promote cooperation on strategic areas

The cooperation between Indonesia and New Zealand covers several fields, including economy, trade, investment, and education. In the economic sector, the ministers agreed to encourage more balanced and sustainable trade to achieve the bilateral trade target of 6 billion NZD (3.62 billion USD) by 2029.

Cambodian workers collect salt from the fields ready to store it in warehouses in Kampot province. (Photo: Phnom Penh Post)

Adverse weather drives fall in Cambodia’s salt production

March to April is the full time for salt harvesting, but in March, there was a sudden rain in a day that disrupted the production for a week and 10 days, he said, adding that in April, it rained continuously, so the association decided to finish the harvest by the end of April.

Through the ASEAN Economic Community Strategic Plan, ASEAN member countries aim to significantly enhance intra-regional trade by building greater resilience to external shocks and promoting the connectivity of the common market for goods, services and investment. (Photo: VNA)

ASEAN poised for greater role in global economy

ASEAN is a peaceful region, which makes it a conducive location for foreign direct investment and business ventures that can come from across the globe, said the chief economist of Bank Muamalat Malaysia Berhad.

Indonesian Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono atUNOC-3 at Port Lympia, Nice, France. (Photo: ANTARA)

Indonesia reaffirms sustainable ocean management commitment at UNOC-3

Indonesia implements blue economy concrete actions, such as expanding marine conservation areas to cover 30% by 2045, implementing responsible quota-based fisheries, promoting sustainable aquaculture, monitoring coastal ecosystems, and involving communities in reducing plastic waste in seas.

Cargo at Long Beach Port, California, the US. (Photo: Xinhua/VNA)

ASEAN accelerates trade talks with US ahead of tariff suspension deadline

According to the earlier US tariff announcement, Cambodia encounters the highest rates of 49%, followed by Laos (48%), Vietnam (46%), Myanmar (44%), Thailand (36%), and Indonesia (32%). Meanwhile, Malaysia, Brunei, the Philippines, and Singapore face lower rates ranging from 10% to 24%.

At the panel discussion (Photo: VNA)

Indonesia seeks urban infrastructure to combat flooding

Indonesia, with over 17,000 islands, is among the countries most vulnerable to rising sea levels, storms, flooding and seismic activity. Jakarta, in particular, is experiencing severe land subsidence — with some areas sinking by as much as 25 centimetres per year — which, coupled with tidal surges, has led to increasingly frequent and severe flooding.

OSZAR »