
13MP: Malaysia targets RM80b in halal exports, 11pc GDP contribution, says Anwar
He said the government remains focused on strategic sectors that have a high impact on the national economy, including the halal industry, financial services, tourism, the creative industry, and micro, small, and medium enterprises (MSMEs).
'In the 13MP, the country is targeting an increase in halal export value to RM80 billion and for the halal industry's contribution to GDP to rise to 11 per cent,' he said when tabling the plan in the Dewan Rakyat here today.
Anwar said efforts to accelerate the country's halal export value are supported by the establishment of the Malaysian Halal Commission and the development of Halal Industrial Parks in Melaka, Perak, and Kelantan. — Bernama
Hashtags

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


The Sun
27 minutes ago
- The Sun
'Shameless!' — Netizens slam S'porean who asked why M'sians won't share RON95 subsidy
WITH RON95 petrol expected to drop to RM1.99 per litre soon, Prime Minister Datuk Seri Anwar Ibrahim has made it clear: the subsidy is strictly for Malaysians. He stressed that foreigners, including Singaporeans, will have to pay the market price — which could go up to RM2.50 per litre — because only Malaysians are taxpayers and should benefit from the government's subsidy initiatives. ALSO READ: 'Honestly quite absurd' - Singaporean criticises those filling up on RON95 in M'sia But not everyone agrees. A Singaporean netizen recently sparked a Threads debate by questioning Malaysia's fuel subsidy policy. 'Question for the Malaysians of Threads. Why are you against Singaporeans and other nationalities (but specifically Singaporeans) buying RON95 petrol? 'It's high quality and affordable. Why not share with your neighbours? In return we share other things. 'Isn't this called the kampung spirit?' he asked. The comment sparked a flurry of responses from both sides of the Causeway. One netizen called markkhng commented: 'I'm Singaporean and I'm embarrassed by this question. It's their oil, their national product, when it's convenient for you only then you pull out 'kampung spirit'.' 'I'm a Singaporean and am against Singaporean and other nationalities buying RON95 petrol. The Malaysia government susidised it for the Malaysian citizens. Get this right: This is the Malaysians' social benefit,' opined. 'Glad to see so many decent comments from Singaporeans. Many know that it's almost (crime) and fuelling up with RON95 here is akin to stealing our dwindling subsidies. We are not as rich as our neighbours. We do rely on each other but come on, this author's 'suggestion' is downright shameless,' fadhilasatoppi wrote.


Malay Mail
27 minutes ago
- Malay Mail
Made in Malaysia, taxed in America, sold back at triple the price: Here's how the US trade tariff could affect us
KUALA LUMPUR, Aug 2 — A new tariff imposed by the United States on most Malaysian exports could soon pinch Malaysian consumers, not just exporters, as goods caught in global supply chains boomerang back home at inflated prices. From rubber gloves to furniture, palm oil and solar panels, Malaysian-made products that are shipped to the US and later re-exported under global brands, could return with nearly triple the original price tag, economists warn. How does it work anyway? A rubber glove made in Klang costs RM1 at the factory. Once it enters the US, it's hit with the 19 per cent tariff, bumping the landed price to RM1.19. By the time it goes through importers, distributors and retailers, it could retail for RM2.49 in the US. But the cost hike doesn't stop there. If that same glove is repackaged or sold as part of a medical kit by a multinational and shipped back to Malaysia, the price might climb to RM2.89 – nearly three times what it originally cost. 'Theoretically, these products could come in and out several times from various countries as global supply chains are very complex,' Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid tol The New Straits Times in an article published yesterday. He said many Malaysian-made goods re-enter the country as part of branded global products, with costs stacked on at every step. Afzanizam indicated that semiconductors are possibly due to be spared due to special exemptions. What products are affected? According to The New Straits Times, five key sectors are likely to be affected by the US tariff, despite being revised down to 19 per cent from an initial 25 per cent. Gloves: Used worldwide in healthcare; made by companies like Top Glove Corp Bhd Furniture: Major Malaysian export to US retailers Solar panels: Manufactured here, often re-exported Machinery components: Integral to multinational supply chains Palm oil-based products: Common in foods, cosmetics, and industrial goods State of Malaysia-US trade The US has been Malaysia's third largest trade partner since 2015, according to data from the Malaysia External Trade Development Corporation. Last year, total trade went up almost 30 per cent to RM324.91 billion compared to 2023. Exports to the US also went up 23.2 per cent to a record RM198.65 billion in Electric and Electronic products (these include microchips, TVs, phones, refrigerators, air-conditioners, circuit boards, and switchboards), machinery, equipment, and parts as well as rubber products. Imports from the US went up by 42.1 per cent to RM126.26 billion last year. Three key imports of 2024 were E&E products; machinery, equipment, and parts; and chemicals and chemical products. Bottom line The 19 per cent US tariff isn't just a trade statistic; it's a global price hike in disguise as part of the global trade route that goes from Malaysia to the US and back to Malaysia at a cost you won't see coming.

Malay Mail
27 minutes ago
- Malay Mail
US tariff cut, regional diplomacy signal Malaysia's return to global relevance under Anwar's leadership, says DAP sec-gen
KUALA LUMPUR, Aug 2 — Malaysia is carving out a more influential role for the country and for Asean on the world stage, DAP secretary-general Anthony Loke said today. He said the recent reduction of United States tariffs on Malaysian goods from 25 per cent to 19 per cent reflects how the country – and by extension, Asean, which it currently chairs – is regaining its footing globally under the leadership of Prime Minister Datuk Seri Anwar Ibrahim. 'We are working to position ourselves as a 'middle power' while opening new strategic space for Malaysia to rise and advance once again,' Loke said in a statement. He added that Malaysia remains competitive even though it maintains a higher trade surplus with the US compared to its regional peers. 'Our current tariff rate is now on par with other countries in the region,' he noted. The US lowered trade tariffs for Malaysia, Cambodia, Thailand, the Philippines, and Indonesia to 19 per cent on July 31, while Singapore retained its rate at 10 per cent, Brunei at 25 per cent, Laos and Myanmar at 40 per cent. The new rates come into force from August 7. Loke said Malaysia's leadership as this year's Asean chair has also helped the country regain international relevance. He said Putrajaya played a key role in facilitating peace talks between Thailand and Cambodia, and confirmed that Trump would attend the upcoming Asean Summit in Kuala Lumpur. This, Loke said, reflects growing confidence in Malaysia's leadership and diplomatic credibility. He credited Prime Minister Anwar's 'pragmatic, patient and constructive' approach for elevating Malaysia's position in regional security. Under the Madani government, he added, Malaysia has helped steer Asean into becoming a stronger and more cohesive bloc. Loke said Malaysia's diplomatic performance may not always make headlines, but the benefits are real — from easing trade tensions to fostering regional peace. 'The Madani government has not only delivered tangible economic benefits, but also elevated Malaysia's global standing,' he said.