The progressive wage pilot project — slated to be carried out on a pool of 1,000 companies between June and September 2024 — is estimated to cost between RM20-30 million, according to Economy Minister Rafizi Ramli.

Progressive wage pilot project estimated to cost RM20-30m, says Rafizi

The government released its Progressive Wage White Paper on Thursday, proposing to implement a pilot project between June and September next year that involves a selected number of companies that register to voluntary participate in it, with full implementation to be determined later.

Progressive wage to cover those with RM1,500-RM4,999 monthly salary, MNCs, GLCs exempted, White Paper proposes

From the start of 2025, global events have ushered us into a fast-evolving world that has brought much excitement. Just as we began to grasp the significance of one event, the next major one unfolded, followed by yet another that is equally impactful, upending all known norms and expectations. Th...

My Say: Seizing opportunities in green and digital transformation amid global shifts

Malaysian stocks staged a broad relief rally on Thursday after the US announced a pause to its reciprocal tariffs on some of its trading partners.

Malaysian stocks stage relief rally, KLCI up by over 60 points at open

Technology stocks rallied on Thursday following the announcement of a 90-day suspension on reciprocal tariffs, amid growing optimism that Malaysia could benefit from the deepening trade rift between the US and China.

Tech stocks rally on 90-day tariff pause, boosting Malaysia's chances amid US-China tensions

BEIJING (April 9): China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said on Thursday.

In a video call on Tuesday, China's Commerce Minister Wang Wentao discussed with Europe...

China and EU discuss trade in response to U.S.' punitive tariffs

(April 10): Bonds from Australia to Japan swung in the wake of a chaotic day in the US Treasuries market, forcing traders to confront the possibility that volatility from trade war jitters is only just beginning.

Swings in US Treasuries trigger global bond market aftershocks

President Donald Trump on Wednesday said a potential deal to spin off the US assets of TikTok is still "on the table" days after it was put on hold.

Trump says TikTok deal is still 'on the table'

(April 9): The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was tanking oil prices.

T...

Texas oil executives are frustrated at Trump for crushing crude prices

(April 9): Senator Adam Schiff on Wednesday called on Congress to investigate whether US President Donald Trump engaged in insider trading or market manipulation when he abruptly paused a sweeping set of tariffs, a move that sent stock prices skyrocketing.

Senator Adam Schiff calls for insider trading investigation into Trump over tariff pause

US President Donald Trump said on Wednesday he does not want US Steel Corp to go to Japan, suggesting he does not support Nippon Steel's US$14 billion (RM62.73 billion) bid for the American steel producer.

Trump says he does not want to see US Steel go to Japan

A pullback from US Treasuries sent longer-term yields surging by the most since pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sold government bonds.

Bond markets retreat as US Treasuries lead yield jump worldwide

US President Donald Trump said he would pause higher reciprocal tariffs on dozens of non-retaliating countries for 90 days, while raising duties on China to 125%.&nbsp;

Trump pauses higher duties on most nations, hikes China tariffs to 125%

Some Malaysian exporters of manufactured goods destined for the United States have temporarily halted shipments as they await clearer information on the financial implications of the newly imposed tariffs, which took effect on Wednesday.

Malaysian exporters halt US shipments amid tariff confusion

Malaysian stocks staged a broad relief rally on Thursday after the US announced a pause to its reciprocal tariffs on some of its trading partners.

CK Hutchison Holdings Ltd rejected accusations it failed to pay about 1.2 billion balboas (US$1.2 billion or RM5.4 billion) to the Panamanian state over the concession contract to run the two key ports in the Central American country.

CK Hutchison rejects accusations over Panama Ports payments

As Donald Trump’s sweeping “reciprocal” tariffs took effect just after midnight on Wednesday, the president was watching the bond market.

Long-term yields were soaring. The 10-year Treasury saw the biggest three-day jump since 2001. The president was confronting a worst-case scenario: voters who had returned him to the White House because of inflation now faced both increased prices and higher borrowing costs.

Bond chaos, deal mania and Jamie Dimon: Inside Trump’s tariff reversal

US stocks posted the best day since the financial crisis after President Donald Trump paused some reciprocal tariffs in a move that jolted the bond market and lifted Asian equity futures.

Stocks surge in relief rally after Trump pauses tariffs

Malaysia welcomes the US’ overnight decision to pause the sweeping tariff increase, Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said on Thursday.

Zafrul: Malaysia welcomes US tariff pause, now assessing implications

Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after US&nbsp;President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties on China.

Energy, metals, grains surge after Trump tariff pause

(April 9): Senator Adam Schiff on Wednesday called on Congress to investigate whether US President Donald Trump engaged in insider trading or market manipulation when he abruptly paused a sweeping set of tariffs, a move that sent stock prices skyrocketing.

Spanish Prime Minister Pedro Sanchez’s trip to see President Xi Jinping will offer a chance to swap notes on a common problem: how to respond to an increasingly unreliable US.

Sanchez, who is due in Beijing on Friday, will be the first European leader to visit China since President Donald Trump slapped tariffs on most of the world. With agreements due to be signed in areas including pharmaceuticals, agricultural and medical products, Sanchez can argue that Spain is the go-to partner for China in Europe at a time of growing economic uncertainty.

Spain pushing for EU pivot to China to counter Trump tariffs

Technology stocks rallied on Thursday following the announcement of a 90-day suspension on reciprocal tariffs, amid growing optimism that Malaysia could benefit from the deepening trade rift between the US and China.

Agriculture Secretary Brooke Rollins said the administration is considering plans to offer assistance to farmers amid worries that the US-China trade war will have a disastrous effect on American agricultural producers.

US weighs farmer bailout as China retaliation threatens exports

The wild ride on US stock markets took a dizzying turn Wednesday afternoon when President Donald Trump announced a pause on some of his harshest tariffs, propelling the S&amp;P 500 Index to its biggest one-day gain since 2008.

Record US trading day fuels S&P 500’s best rally since 2008

Asean, which has faced a series of global uncertainties, has emerged from a quiet corner of the global economy to become central to it, said Prime Minister Datuk Seri Anwar Ibrahim.

From currency shocks to global contagion, Asean has seen it all, the prime minister said in his keynote address at the gala dinner in conjunction with Malaysia’s Asean chairmanship of the Finance Track here on Wednesday.

Asean emerges as a central player in global economy after overcoming series of adversities — Anwar

Donald Trump’s 90-day reprieve on some tariffs sent the stock market soaring Wednesday. But the chaos sown by the president’s trade war means corporate America is planning for a recession.

CEOs brace for recession even after tariff reprieve boosts stocks

Spain will pursue closer trade ties with China in the interests of its citizens and of the EU, its agriculture minister Luis Planas said on Wednesday, rejecting a US warning that moving closer to the Asian country would be "cutting your own throat".

Spain defends closer trade ties with China after US warns against 'cutting own throat'

President Donald Trump called the bond market a thing of beauty on Wednesday. For traders of government debt, the day meant pure mayhem.

Trump’s tariff pause jolts yields in a ‘no-win’ bond market

(April 10): Bonds from Australia to Japan swung in the wake of a chaotic day in the US Treasuries market, forcing traders to confront the possibility that volatility from trade war jitters is only just beginning.

New Zealand’s Prime Minister Christopher Luxon said he will be talking to other world leaders by phone on Thursday to discuss how to shore up rules-based free trade, in the face of a barrage of US&nbsp;tariffs.

New Zealand PM prepares to speak to world leaders on buttressing free trade

(April 10): Federal Reserve (Fed) policymakers worry US President Donald Trump's trade policy could deal a blow to economic growth, but are signalling they will not be quick to ride to the rescue with interest rate cuts because they expect higher tariffs to boost inflation.

The minutes ...

Choy Nyen Yiau & Chester Tay