NEW DELHI (Aug 13): The White House said on Thursday the United States is losing annual tariff revenue of about US$19 billion to US$26 billion on goods, largely from China, that are transshipped through third countries to avoid US import duties.

White House says transshipped goods cost up to US$26 bil in lost tariffs

India is preparing to offer tariffs cuts on some farm and other goods mainly imported from the US, aiming to clinch a broader trade and investment deal once president-elect Donald Trump takes charge, government and industry sources in New Delhi said.

To tackle Trump's threat of a "reciprocal tax" on Indian goods for high tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly supplied by the US.

India gears up for a potential trade deal as Trump targets China, say government sources

A total of 8,000 businesses in Kuala Lumpur renewed their business licences within two months after a new multi-year renewal initiative was introduced in July.

A total of 8,000 businesses renew DBKL licences in two months — Hannah

Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters.

The operation, expected to be launched in the coming weeks, will by led by Yemeni forces on the ground, which are overseen by Riyadh, and supported by Saudi air strikes, according to six people with knowledge of the preparations.

Saudis plan assault on Houthis to break Red Sea chokehold

Kuala Lumpur Kepong Bhd (KLK) said its wholly‑owned Indonesian unit, PT Perindustrian Sawit Synergi (PT PSS), has received the arbitral award in a dispute involving the termination of a gas supply agreement.

KLK says arbitral award received in gas supply dispute in Indonesia, won't have material impact on earnings

Malaysia is exploring cooperation with Embraer Defense & Security of Brazil to join the company's regional and global supply chain.

Defence Minister Datuk Seri Mohamed Khaled Nordin said the matter was discussed during a courtesy call by the company’s chief commercial officer, Frederico Lemos, at Wisma Pertahanan on Friday.

Malaysia explores opportunities to join Embraer aerospace supply chain

Construction of the Malaysian Maritime Enforcement Agency’s (MMEA) Multi-Purpose Mission Ship 1 (MPMS 1) is progressing smoothly and ahead of schedule, with the vessel expected to begin its voyage home in late January next year.

Multi-Purpose Mission Ship 1 construction ahead of schedule, voyage home in January

Group of Seven countries agreed on Friday on the release 100 million barrels of diesel and crude oil from emergency reserves in a move cheered by US President Donald Trump as he seeks help to cool off surging fuel prices linked to the Iran war.

G7 countries agree on release of diesel and oil stocks after US pressure

KUALA LUMPUR (Oct 2): PMCK Bhd (KL:PMCK) has proposed to diversify into the import and supply of medical consumable products by acquiring Derberg Sdn Bhd and Marpoliq Sdn Bhd for RM52.77 million in cash.

In a Bursa filing on Friday, the healthcare services provider said it had entered i...

PMCK to diversify into import and supply of medical consumables with RM53m acquisitions 

Builder Inta Bina Bhd (KL:INTA) has launched its second property development project — a 499-unit serviced apartment project — in Bukit Jelutong, Shah Alam, with a projected gross development value of RM290.96 million.

Inta Bina undertakes RM291m serviced apartment project in Bukit Jelutong

Here is a brief recap of some business news and corporate announcements that made headlines on Friday.

Gas Malaysia, PETRONAS Chemicals, TXCD, Berjaya Corp, Zetrix AI, Country Heights, Lim Seong Hai, Mah Sing, Kinergy Advancement 

SEPANG (Oct 2): The Sepang International Circuit (SIC) has become a showcase of Bahrain's prowess at staging world-class sporting events, as evident in the preparations for the hosting of the Formula 1 Gulf Air Bahrain Grand Prix in Malaysia which took less than 10 weeks to be completed.

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Sepang a showcase of Bahrain's prowess at staging world-class events

The Road Transport Department (JPJ) will suspend MyEG Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX), both under MYEG Group, as its collection agents effective 12.01am on Oct 5, 2026.

JPJ suspends MYEG Group’s services as collection agent from Oct 5

Berjaya Hills Resort Bhd, part of Berjaya Corp Bhd (KL:BJCORP), said the enforcement on its properties by the Pahang authorities was “unconscionable and totally unacceptable”.

Berjaya calls enforcement on its hill resort ‘unconscionable and totally unacceptable’ amid quit rent hike dispute

Zetrix AI Bhd's (KL:ZETRIX) shares fell to a 13-year low of 10 sen in intraday trade on Friday following reports that the company owes the government more than RM200 million it had collected on behalf of the Road Transport Department (popularly known as JPJ).

Zetrix AI falls to 13-year low of 10 sen following reports it owes JPJ RM200m

PETRONAS Chemicals Group Bhd (KL:PCHEM) announced on Friday that its chief executive officer Mazuin Ismail will retire effective Jan 1, 2027.

PETRONAS Chemicals announces CEO's retirement, Izwan Ismail to take over effective Jan 1, 2027

A months-long crisis over the monarchy in a small Malaysian state has become a potential stumbling block for the United Malays National Organization, which had been gaining ground on Prime Minister Datuk Seri Anwar Ibrahim.

Negeri Sembilan crisis complicates Umno’s comeback

Passenger service for the Johor Bahru-Singapore Rapid Transit System (RTS) Link is expected to commence in February 2027, with all system tests and trial runs targeted for completion by Dec 31 this year.

RTS Operations Pte Ltd (RTSO) said in a statement on Friday that the timeline takes into account the expected duration of the remaining works, as well as the time required for safety certification by a third party and approvals from the grantors of both countries.

RTS Link passenger service expected to begin in February 2027

Here is a brief recap of some business news and corporate announcements that made headlines on Friday.

UWC Bhd (KL:UWC) rose to a fresh high on Friday as analysts flagged upside for the engineering services firm from Southeast Asia’s rapidly growing semiconductor supply chain.

UWC shares hit fresh high with new ‘buy’ call from UBS

Both the SME Association of Malaysia and Malaysia Retail Chain Association (MRCA) have called on the government to defer any minimum wage increase for now, citing challenging operating conditions.

SME Malaysia, MRCA seek deferment of minimum wage review

Seal Incorporated Bhd (KL:SEAL) non-interested shareholders are advised to vote in favour of providing associate company MSR Green Energy Sdn Bhd (MSRGE) a corporate guarantee of RM58.72 million to help it complete several solar projects.

Seal Inc shareholders advised to back RM58.7m corporate guarantee for associate firm

Group of Seven countries agreed on Friday on the release 100 million barrels of diesel and crude oil from emergency reserves in a move cheered by US President Donald Trump as he seeks help to cool off surging fuel prices linked to the Iran war.

The SME Association of Malaysia (SMEAM) and Malaysia&nbsp;Retail Chain Association (MRCA) have stressed the need for stronger enforcement of e-commerce and product regulations as the government prepares to revise the country’s e-commerce law, amid concerns over the influx of low-priced products through online cross-border e-commerce platforms.

SME, retail groups call for stronger enforcement amid revision of E-Commerce Act

An unemployed woman was fined RM24,000 by the Sessions Court here on Friday after pleading guilty to two charges of fraudulently transferring RM1.1 million belonging to a retiree into her own bank account eight years ago.

Unemployed woman fined RM24,000 for RM1.1 mil fraudulent transfer of retiree's savings

The Putrajaya Media Club (KMP) has lodged reports with police and the Malaysian Communications and Multimedia Commission (MCMC) over a social media post that altered an image of journalists covering Tun Dr Mahathir Mohamad’s visit to his late wife’s grave.

Putrajaya Media Club lodges reports over altered image of journalists covering Mahathir

China's antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed US$54 billion merger with Canada's Teck Resources, three people aware of the development said.

China demands copper supply commitments for Anglo Teck merger approval, sources say

Meridian Bhd's (KL:MERIDIAN) auditors are doubting survival of the property company, drawing attention to multiple material uncertainties and missing accounting records.

Auditor doubts Meridian’s survival, flags missing records

（吉隆坡2日讯）陆路交通局（JPJ）将于2026年10月5日凌晨12时01分起，暂停MYEG Group旗下My E.G.私人有限公司及Zetrix AI Bhd（KL:ZETRIX）两家公司作为收款代理的资格。

自10月5日起 JPJ暂停MYEG催收代理服务

Based on the government’s pre-budget statement, recent comments from the finance minister and current tax-industry expectations, the following areas would be most closely watched, in all likelihood.

<h3>SST reform — probably the biggest tax story</h3>

The government has explicitly sa...

Opinion: Budget 2027 expectations 

Malaysia has spent years laying the foundations for a modern industrial economy. Budget 2027 should now focus on a different challenge: lifting productivity across the economy.

Opinion: Malaysia needs greater productivity, not more programmes

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

Manoj Kumar

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Manoj Kumar

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