
Malaysia aviation group's Boeing purchase funded by company, not taxpayers
Responding to criticism, Tengku Zafrul emphasised that the purchase was announced in March, well before the US imposed new import tariffs.
'What does this purchase have to do with tariff negotiations?' he questioned in a post on X.
The US introduced tariffs to address trade deficits, prompting Malaysia to highlight major planned purchases, including MAG's Boeing order.
'We are not making the purchase just to reduce tariffs,' he stated, adding that the move helped lower US tariffs on Malaysian goods from 25% to 19%.
Prime Minister Datuk Seri Anwar Ibrahim had earlier confirmed MAG's order for 30 Boeing 737 aircraft, with deliveries expected by 2030. – Bernama
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
12 minutes ago
- New Straits Times
Palm oil opens lower on weak Dalian rivals, crude oil
KUALA LUMPUR: Malaysian palm oil futures opened lower on Monday, weighed down by weaker rival Dalian oils and crude oil prices, though stronger Chicago soyoil capped the fall. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange slid RM78, or 1.84 per cent, to RM4,167 a metric ton in early trade. The contract rose 0.35 per cent on Friday. Dalian's most-active soyoil contract eased 0.05 per cent, while its palm oil contract shed 1.46 per cent. Soyoil prices on the Chicago Board of Trade (CBOT) rose 0.15 per cent. Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices extended declines after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the US, the world's biggest oil user, adding to the pressure. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, the palm's currency of trade, strengthened 0.98 per cent against the dollar, making it more expensive for buyers holding foreign currencies. Meanwhile, old trees and ageing farmers worsened the outlook for top palm oil exporters. Palm oil looks neutral in RM4,211-RM4,273 per metric ton range and an escape could suggest a direction, Reuters technical analyst Wang Tao said. Asian share markets followed Wall Street lower on Monday as fears for the US economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar.


Malaysiakini
12 minutes ago
- Malaysiakini
Saifuddin: Changes to citizenship regulation expected by end-2026
PARLIAMENT | Updated mechanisms for Malaysian mothers to automatically pass on citizenship to their children born overseas to non-Malaysian fathers are expected to take effect by the end of next year. Home Minister Saifuddin Nasution Ismail said this follows the constitutional amendments passed in October last year.


Malaysiakini
12 minutes ago
- Malaysiakini
Anwar has turned the corner
MP SPEAKS | Former British prime minister Harold Wilson is attributed as saying that a week is too long in politics. This means a month feels like an eternity. This was probably how keen observers of Malaysian politics felt throughout July 2025. The retirement of chief justice Tengku Maimun Tuan Mat without the customary six-month extension caused some quarters to liken it to a judicial crisis, similar to that of the 1988 crisis. On July 7, former PKR deputy president Rafizi Ramli led eight out of 31 PKR MPs to call for the formation of a royal commission of inquiry into the judiciary. This intervention from Rafizi's group gave the impression that all was not well within PKR and Pakatan Harapan, and by extension, the Anwar-led federal government. Some of them had the unfounded fear that...