Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming US President Donald Trump carries out his threat to impose broad tariffs.

Canada could retaliate with export taxes on uranium, oil if Trump starts trade war — Bloomberg

New Zealand believes it should be exempt from any sweeping US tariffs that President-elect Donald Trump might impose when he takes office and has instructed officials to make its case, Finance Minister Nicola Willis said.

New Zealand pleads case with US for no new tariffs under Trump

The US will raise import tariffs on Chinese solar wafers, polysilicon and some tungsten products from the beginning of next year, following a four-year review by the Biden administration.

US to increase tariffs on China’s wafers, polysilicon from 2025

Canada’s provincial premiers are helping to assemble a list of possible retaliatory measures if US President-elect Donald Trump follows through on a threat to apply 25% tariffs against all goods the US imports from its northern neighbour.

‘We can’t sit back’: Canada’s provincial premiers float retaliatory options against Trump

China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles (EVs), two people briefed about the matter said, a move likely to further divide Europe.

China telling carmakers to pause investments in EU countries backing EV tariffs, Reuters reports

France, Greece, Italy and Poland will vote on Friday for tariffs of up to 45% on imports of electric vehicles (EVs) made in China, sources said, enough to get the European Union (EU) proposal passed in a move likely to increase trade tensions with Beijing.

EU support is enough to impose up to 45% Chinese EV tariffs, Reuters reports

The European Union (EU) is planning to vote next Friday, Oct 4, on whether to impose tariffs as high as 45% on imported electric vehicles (EVs) made in China, according to people familiar with the matter.

EU to vote on 45% Chinese EV tariffs next Friday — Bloomberg

China unleashed its harshest public critique to date of President Joe Biden’s trade policies, saying the US administration has become a “destroyer of the multilateral trading system.”

“Clearly, the United States is a ‘unilateralist and bullying hegemonist,’” said Li Chenggang, China’s ambassador to the World Trade Organization, in prepared remarks Wednesday in Geneva.

China blasts ‘bullying’ US for flexing economic might on trade

KUALA LUMPUR (Nov 10): The European Union (EU) is preparing for a new trade war with the US after Washington approved the Inflation Reduction Act aimed at helping the national production.

Quoting Spanish newspaper Diario on Wednesday (Nov 9), Russian government-controlled T...

EU preparing for new trade war with US — Spanish newspaper

As much as 17.5 gigawatts (GWac) of planned US solar capacity installations in 2022 are in doubt after the Department of Commerce (DOC) opened an investigation into panel imports from Southeast Asia.

US probe into solar imports threatens solar capacity installations in 2022

KUALA LUMPUR (Feb 1): Ending tariffs for products imported from China, creating incentives for US firms to diversify their supply base and addressing some of the supply chain security issues are the steps the US can take to shore up supply chains.

Trade war launched by Trump proven futile, say academics

The Biden administration raised concern about some of the policy tools China is using to spur its economy, saying they crowd out international companies and will skew markets.

Biden signals continued Beijing tension over industrial policy

WASHINGTON (Nov 14): United States (US) President Donald Trump said Wednesday that he will make a decision soon on whether to impose tariffs on imported cars and auto parts, Yonhap news agency reported.

Trump made the remark to reporters at a meeting with Turkey's president at the White...

Trump says he will decide on auto tariffs soon 

Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a “phase one” agreement. In private conversations with visitors to Beijing and other interlocutors in recent weeks, Chinese officials have warned they won’t budge on the thorniest issues, according to people familiar with the matter. They remain concerned about President Donald Trump’s impulsive nature and the risk he may back out of even the limited deal both sides say they want to sign in the coming weeks.

China Said to Doubt Long-Term Trade Deal Possible With Trump 

By asserting greater control over its oil and gas resources, Sarawak has forced Malaysia to confront a fundamental question: How much decentralisation is too much in a nation built on centralised governance? The recent announcement by Prime Minister Datuk Seri Anwar Ibrahim that negotiations betw...

My Say: Sarawak’s oil autonomy: A turning point for federalism and resource governance

EDGE WEEKLY: Medically (not) insured

KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres (196.68 hectares) of Bandar Malaysia land for an undisclosed price.

KLCC Holdings to develop 486 acres of land acquired from Bandar Malaysia

A scheduled meeting between Prime Minister Datuk Seri Anwar Ibrahim and Indonesian President Prabowo Subianto, which was set to take place in Langkawi on Monday has been postponed.

Anwar said he had arrived in Langkawi for the meeting, but Prabowo requested a few days' postponement due to illness on Sunday night.

Prabowo unwell, meeting with Anwar postponed

The case involving GISB Holdings Sdn Bhd chief executive officer Nasiruddin Mohd Ali, his wife Azura Md Yusof, and 20 others charged with being members of an organised criminal group has been transferred to the Shah Alam High Court.

Trial of GISB CEO, 21 others transferred to Shah Alam High Court

Bursa Malaysia Securities Bhd has updated its sustainability reporting requirements in the Main Market and ACE Market listing requirements to align with the National Sustainability Reporting Framework (NSRF).

Bursa updates sustainability reporting to align with National Sustainability Reporting Framework

The voting pattern at Tomypak Holdings Bhd’s (KL:TOMYPAK) recent annual general meeting (AGM) clearly shows that a group of shareholders with about 88 million shares, representing 20% of the company, are at odds with the current management. The 20% block voted against all seven resolutions tabled during the AGM held last week. During the meeting, an independent director, who had served on the board since 2015, was not retained.

Frankly Speaking: Interesting signs emerge at Tomypak’s AGM

Shares of Top Glove Corporation Bhd (KL:TOPGLOV) may have little upside as valuations stretched with the recent rally in share prices while earnings outlook remained clouded by both costs and sales concerns.

Top Glove shares have may little further upside amid stretched valuations, outlook cloudy — analysts

VentureTECH Sdn Bhd and MTC Orec Sdn Bhd have formed strategic partnerships to accelerate the development of MTC Orec's biomethane plants, reinforcing both companies' commitment to sustainable growth and renewable energy innovation.

VentureTECH, MTC Orec partner to accelerate biomethane projects in Malaysia

NEWS: OMS Group’s Ronnie Lim named EY Entrepreneur of the Year 2024

Malaysia Airlines Bhd has grounded its brand-new Airbus A330neo for at least 48 hours following “a series of technical issues” in less than a week since its inaugural flight, Business Times reported.

Malaysia Airlines grounds new Airbus plane barely days after first flight — report

Oversea-Chinese Banking Corp Ltd will give a one-off payment to junior employees globally for the second year in a row to alleviate ongoing cost-of-living pressures.

OCBC junior staff to receive S$7.5 mil cost-of-living payout

Bursa Malaysia Bhd (KL:BURSA) said on Monday that it is currently embarking on the succession of its chief executive officer Datuk Muhamad Umar Swift through its nomination and remuneration committee.

Bursa Malaysia says embarking on CEO succession

President-elect Donald Trump threatened to reassert US control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.

Trump threatens to retake control of Panama Canal over transit fees

KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres (196.68 hectares) of Bandar Malaysia land for an undisclosed price.

Asian shares rallied on Monday after a benign reading on US inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown.

Asia shares rally on US inflation relief

Scandal-hit Malaysian state fund 1Malaysia Development Bhd (1MDB) said on Monday it has filed a legal claim of more than US$1 billion (RM4.5 billion) against corporate services provider Amicorp Group and its chief executive officer, alleging the firm knowingly facilitated over US$7 billion in fraudulent transactions.

1MDB files legal claim against Amicorp Group seeking over US$1b for alleged fraud

International Finance Corporation (IFC) and a consortium of six global financial institutions will lend over US$900 million (RM4 billion) to US-based Yondr for the construction of its data centre in Malaysia.

World Bank's IFC, consortium lend over US$900 mil to Yondr for data centre in Malaysia

Tun Musa Aman was not a contender for the position of Yang Dipertua Negeri of Sabah as there were others, such as current chief minister Datuk Seri Hajiji Noor, in the running. His name only cropped up one month ago as a replacement for Tun Juhar Mahiruddin, whose term ends this month.

...

Alternative Views: Musa Aman’s comeback spells new chapter for Sabah politics

Personal debt is overwhelming an increasing number of Japanese as higher interest rates and the rising cost of living bite.

Consumer loans are rising at the highest rate in 16 years. Household borrowing exceeded incomes for the first time last year.

Bankruptcies, suicides rise as Japanese struggle with mounting debt

The High Court has dismissed Youth and Sports Minister Hannah Yeoh's libel suit against former inspector general of police Tan Sri Musa Hassan over his comments that she was trying to turn Malaysia into a “Christian nation”.

High Court Judicial Commissioner Arziah Mohamad Apandi in a decision delivered on Monday said that the Segambut Member of Parliament (MP) failed to establish essential elements in a defamatory suit and that there was no malice in Musa's statement. She awarded costs of RM40,000 to Musa.

Court dismisses Hannah Yeoh's suit against former IGP over 'Christian nation' comment

Malaysia has been ranked first among regional peers in Southeast Asia in Knight Frank’s SEA-5 Data Centre Opportunity Index for the second consecutive year with an annual take-up of 429 megawatts (MW).

Knight Frank: Malaysia continues to lead regional data centre index

The Madani Government’s initiative in implementing the Sumbangan Tunai Rahmah (STR) cash aid is seen as a very meaningful effort in helping the people face the current cost of living challenges.

Madani government committed to ensuring people's well-being through Sumbangan Tunai Rahmah

Shares of Top Glove Corporation Bhd (KL:TOPGLOV) may have little upside as valuations stretched with the recent rally in share prices while earnings outlook remained clouded by both costs and sales concerns.

His second term doesn’t start for a month, but Donald Trump is already sending shock waves around the world.

His trade threats helped set off a cabinet crisis in Canada that has Prime Minister Justin Trudeau teetering. In Europe, tariff fears have weakened already-wobbling governments.

Trump upending global politics a month before taking office

News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (US$2 billion or RM9.5 billion) including debt, cutting the Murdoch-controlled media empire's exposure to a business up-ended by streaming platforms.

Murdoch's News Corp to sell Foxtel to Britain's DAZN for US$2.1 bil

VentureTECH Sdn Bhd and MTC Orec Sdn Bhd have formed strategic partnerships to accelerate the development of MTC Orec's biomethane plants, reinforcing both companies' commitment to sustainable growth and renewable energy innovation.

In a rare display of “independence”, the independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) told shareholders to reject the offer to take the company private.

Frankly Speaking: Funds put in a bind over MAHB

It will be a pretty quiet week ahead as Christmas, which falls on Wednesday, will see most global economies’ markets closed except for China, Thailand, Japan and Vietnam. For Boxing Day, markets in Hong Kong, New Zealand, Australia, as well as most of Europe and Canada, will also be closed. North Korea will commemorate Constitution Day on Dec 27.

The Week Ahead: Window-dressing expectation amid holiday season

Australia’s new targets for carbon emission cuts by 2035 are expected to be delayed by several months as a result of Donald Trump’s return to the White House, likely pushing them out beyond the next election which is due to be held by May.

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