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The Sun
20 hours ago
- The Sun
South Korea seeks US port fee relief for car carriers amid trade concerns
SEOUL: South Korea and its automobile industry have formally requested exemption from new US port fees targeting foreign-built vehicle carriers. The fees, announced by the US Trade Representative on April 17, aim to penalise China-linked ships and fund domestic shipbuilding. However, they also affect non-Chinese carriers, raising concerns among global automakers. The Korea Automobile & Mobility Association, representing Hyundai, Kia, GM, and Renault's South Korean units, warned that the fees would add financial strain to imported vehicles already facing 25% tariffs. In a statement, the association said, 'Such a measure risks imposing undue costs on companies, workers and consumers in both countries.' South Korea's trade and maritime ministries echoed these concerns, arguing that the policy could disrupt trade relations. The auto association also pointed to Hyundai Motor Group's $21 billion US investment plan, announced earlier this year, suggesting the fees might discourage future contributions from Korean firms. The US has framed the fees as part of efforts to counter China's maritime dominance and revive domestic shipbuilding. However, industry groups argue the broad application could harm global trade dynamics. - Reuters

Barnama
2 days ago
- Barnama
Anwar Meets Vietnamese PM Chinh At BRICS Summit
Both leaders are here in Brazil's second-largest city for the two-day BRICS Leaders' Summit. Anwar was accompanied by Transport Minister Anthony Loke and Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz at the meeting. Also present was deputy secretary-general for Bilateral Affairs in the Ministry of Foreign Affairs of Malaysia, Datuk Ahmad Rozian Abd Ghani Anwar had met Chinh during the 46th ASEAN Summit in Kuala Lumpur last May, as well as during his visit to Hanoi to attend the 2nd ASEAN Future Forum (AFF) 2025 in February.


The Sun
3 days ago
- The Sun
DPMM FC to sponsor Super League teams' travel to Brunei for 2025-2026 season
THE Malaysian Football League (MFL) today confirmed that DPMM FC of Brunei Darussalam will fully sponsor 2025-2026 season Super League teams who will have to travel to the country for matches. MFL acting chief executive officer Mohd Shazli Shaik Mohd said the sponsorship is part of the main agreement between MFL and DPMM FC to ensure the smooth participation of the club in the local league competition. 'One of the most important things in our agreement with DPMM FC is over the matter. 'So DPMM FC requested that for the coming season, it will be done. Brunei will do it,' he told reporters after the Official Ball Launch Ceremony of the 2025-2026 Malaysian League Season here, today. Meanwhile, Mohd Shazli explained that although DPMM FC participated in the Malaysian League, the club is not eligible to represent the country in Asian level tournaments such as the AFC Cup or tournaments organised by the ASEAN Football Federation (AFF). 'If Brunei is in a position to qualify for the AFF or AFC slot, Brunei will not represent the slot as our national representative,' he said. At the event, MFL launched the official ball of the 2025-2026 Malaysia League, namely the PUMA Orbita MFL 1. Meanwhile, Mohd Shazli announced that 12 teams have confirmed their match venues for the new season with the Darul Makmur Stadium, Kuantan being used as an alternative venue in case there are issues at the state level. Meanwhile, Immigration FC has been given until Monday to confirm their venue, while MFL will go to Brunei on July 10 and 11 for a special briefing session with DPMM FC. 'Our East Coast area has been settled. Darul Makmur Stadium has also been designated as one of the alternative venues should any team needs one. 'For example, we are aware that Kota Bharu cannot be used during the month of Ramadan because it is used as a place for Tarawih prayers,' he said He added that the inspection process is currently continuing in the northern part of the peninsula and will end once all venues have been inspected and confirmed. The MFL previously announced that 13 clubs have confirmed their participation to compete in the new Malaysia League 2025-2026 season. The clubs competing for the championship this time are Johor Darul Ta'zim FC (JDT), Selangor FC, Penang FC, Kuching City FC, Sabah FC, Terengganu FC, Negeri Sembilan FC, Kelantan Darul Naim FC, Kuala Lumpur City FC, PDRM FC and DPMM FC as well as two clubs from AFL A1, namely Melaka FC and Imigresen FC. - Bernama