logo
Malaysia puts anti-dumping duties on some flat-rolled iron, non-alloy steel products

Malaysia puts anti-dumping duties on some flat-rolled iron, non-alloy steel products

KUALA LUMPUR: Malaysia's Trade Ministry on Tuesday said it had imposed definitive anti-dumping duties on imports from China, India, Japan, and South Korea of flat-rolled products of iron or non-alloy steel that are clad, plated or coated with tin.
Anti-dumping duties of 27.88 per cent will be imposed on imports from India, while Chinese shipments will face rates ranging from 4.48 per cent to 20.42 per cent, the Investment, Trade and Industry Ministry said in a statement.
Japanese shipments will be subject to rates ranging from 15.74 per cent to 36.8 per cent, while products sourced from South Korea will face duties ranging from 21.6 per cent to 35.43 per cent.
The ministry said the government decided on the rates after an investigation. It said the anti-dumping duties took effect on May 11, and will last for five years. (Reporting by Ashley Tang; Editing by John Mair)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chinese automakers drive green mobility in Thailand, says Thai expert
Chinese automakers drive green mobility in Thailand, says Thai expert

Malaysia Sun

time5 hours ago

  • Malaysia Sun

Chinese automakers drive green mobility in Thailand, says Thai expert

A Thai auto industry expert has highlighted China's world-class expertise in EV technology, particularly in battery systems and industrial-scale manufacturing, which is complemented by Thailand's geographic advantages, skilled labor, and robust government support. BANGKOK, July 20 (Xinhua) -- The growing presence of Chinese automakers in Thailand has marked a crucial milestone in collaborative efforts toward green mobility and deepening of ties with China, a Thai auto industry expert has said. Suroj Sangsnit, president of the Electric Vehicle Association of Thailand (EVAT), described the partnership as a testament to the systematic development of electric vehicle ecosystem and a strategic step toward advancing shared environmental goals. In a recent interview with Xinhua, Suroj highlighted China's world-class expertise in EV technology, particularly in battery systems and industrial-scale manufacturing, which is complemented by Thailand's geographic advantages, skilled labor, and robust government support. This synergy, he said, enables both countries to collaborate across the entire EV value chain, from vehicle production and infrastructure development to battery recycling. The arrival of Chinese manufacturers, offering "advanced technology, accessible prices, and swift product deployment," has made EVs more attainable for the average Thai consumer, fostering wider adoption, he said. That has also spurred investment in infrastructure such as charging stations, battery repair services, EV maintenance education, and parts manufacturing, he noted. In the first half of 2025, new registrations of pure electric passenger vehicles in Thailand increased nearly 35 percent over the same period last year, reaching 55,708 units, of which Chinese brands accounted for almost 90 percent, official data showed. Over the past few years, several Chinese automakers have established production facilities in Thailand, significantly bolstering the Southeast Asian country's ambition to become a regional electric mobility hub. Suroj underscored the EVAT's role in fostering regional integration within the Association of Southeast Asian Nations by creating a network with its counterparts. He noted that the goal is to develop common standards and enable cross-border infrastructure, such as charging roaming. Suroj emphasized that EV cooperation will be a cornerstone of future cooperation. He envisioned collaborative efforts in technologies, including solid-state batteries, intelligent EV platforms, and battery recycling solutions, with the establishment of joint research and development centers in Thailand.

Hong Kong Stocks Rally As Hang Seng Hits Multi-Year High
Hong Kong Stocks Rally As Hang Seng Hits Multi-Year High

BusinessToday

time6 hours ago

  • BusinessToday

Hong Kong Stocks Rally As Hang Seng Hits Multi-Year High

Hong Kong shares climbed sharply this week, with the Hang Seng Index (HSI) surging to its highest level since early 2022, lifted by broad-based sector gains and renewed investor optimism across Asia. The HSI advanced from around 24,280 on July 14 to close at 24,825.66 on July 18, marking a robust 2.2% weekly gain. The rally mirrored upbeat sentiment in regional markets, as the MSCI Asia-Pacific ex-Japan index also hit a multi-year high, buoyed by strong US economic data and positive corporate earnings. All sectors contributed to the advance, with Chinese blue-chip stocks leading gains. Investors shrugged off lingering tariff concerns and focused on improving macro signals from the US and China. The Hong Kong Exchanges and Clearing (HKEX) also announced major infrastructure updates, including a proposal to shorten the equities settlement cycle from T+2 to T+1, aiming for implementation by 2027. This move aligns with global financial hubs and aims to reduce systemic risks. HKEX also launched a 30-year RMB interest rate swap under Northbound Swap Connect and introduced a new order routing service on its Integrated Fund Platform, reinforcing Hong Kong's position as a key cross-border financial centre. Outlook: With momentum building and HIS at a multi-year high, investors are eyeing this week's US macroeconomic data and developments in China's property sector for further direction. Analysts remain cautiously optimistic but note that volatility could return on shifting global trade and interest rate dynamics. Related

Penang Muruku Entrepreneurs Thrive With Family Recipe
Penang Muruku Entrepreneurs Thrive With Family Recipe

Barnama

time6 hours ago

  • Barnama

Penang Muruku Entrepreneurs Thrive With Family Recipe

By Farhana Poniman BUKIT MERTAJAM, July 20 (Bernama) – Armed with a cherished family recipe, a husband-and-wife duo turned their humble beginnings into a thriving muruku business, attracting customers from both Malaysia and abroad. Idris Alias, 67, and his wife, Fatimah Ishak, 63, from Guar Perahu, here, started their small home-based business in 1984 after she inherited a muruku recipe from her mother-in-law. 'I was seven months pregnant at the time, so we only made small batches of the crunchy snack. We had very little capital to start with. But I gave it a go, taking orders from friends. 'From those early days making muruku at home, we managed to grow the business under the brand name 'Muruku Bonda'. Nine years ago, we opened a shop in Kubang Semang, funded by profits we steadily reinvested,' Fatimah told Bernama. She said that Muruku Bonda uses natural ingredients, with no artificial colouring, and entirely free from eggs, anchovies, or any animal-based products, making it ideal for those following a vegetarian diet. Interestingly, over 85 per cent of their customers are from the Chinese community, making Chinese New Year their peak sales period. 'We even received orders from Taiwan at one point, but had to turn them down because the shipping costs were too high. Still, the customer flew over themselves and bought in bulk to take home,' she added. Currently, the couple operates with just two frying machines -- usually only one runs on regular days, producing around 150 kilogrammes (kg) of muruku daily, increasing to 200kg during festive periods.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store