
Halal rules, bumiputera equity among US concerns that prompted tariffs
In its 2025 National Trade Estimate (NTE) Report on Foreign Trade Barriers, the Office of the US Trade Representative (USTR) said Malaysia's halal import requirements were more stringent than international norms.
Hashtags

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


The Sun
an hour ago
- The Sun
Cross-Border Insolvency Bill 2025 boosts FDI and economic stability
KUALA LUMPUR: The Cross-Border Insolvency Bill 2025 has been passed by the Dewan Rakyat, marking a significant step in Malaysia's efforts to attract foreign direct investments (FDI) and reinforce economic stability. Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said emphasised that the bill aligns Malaysia with progressive international legal standards. 'By adopting the Model Law on Cross-Border Insolvency (MLCBI), Malaysia demonstrates its commitment to transparency and efficiency in resolving cross-border insolvency disputes,' she said during her winding-up speech. The bill, approved via a majority voice vote after debates involving 11 MPs, establishes a structured mechanism for handling insolvency cases involving multinational companies. Azalina highlighted that the legislation provides clarity for investors facing financial risks, fostering greater confidence in Malaysia's business environment. 'Previously, cross-border insolvency relied on the principle of comity. This bill ensures formal cooperation between Malaysian courts and foreign insolvency authorities, offering legal certainty to stakeholders,' she explained. The framework includes clear procedures for recognising foreign proceedings and granting relief, supporting business recovery efforts under the amended Companies Act 2016. The move is expected to strengthen Malaysia's reputation as an investor-friendly hub, addressing globalisation challenges while safeguarding jobs and investments. – Bernama


The Sun
2 hours ago
- The Sun
Malaysia drives ASEAN digital growth and regional peace under Teo Nie Ching
PETALING JAYA: Malaysia has reinforced its role as ASEAN Chair by advancing digital growth and fostering regional stability, said Deputy Communications Minister Teo Nie Ching. She highlighted Prime Minister Datuk Seri Anwar Ibrahim's pivotal role in mediating a ceasefire between Thailand and Cambodia, showcasing Malaysia's diplomatic leadership. 'This achievement underscores Malaysia's dedication to maintaining Southeast Asia as a peaceful and neutral region, which is vital for trade and innovation,' Teo said during her speech at the Malaysia-China Tech & Trade Cooperation Exchange Conference 2025. She emphasised that stability and technological progress go hand in hand for shared prosperity. Malaysia continues to prioritise a secure digital ecosystem under the Communications and Multimedia Act 1998. The Malaysian Communications and Multimedia Commission (MCMC) enforces technical standards to ensure safety, interoperability, and reliability in digital services. 'These measures protect consumers and align our infrastructure with global benchmarks,' Teo added. The conference, hosted by Ramssol Group Bhd with Equinix and Tencent Cloud, introduced advanced AI and cloud solutions to Malaysian businesses. Ramssol stated that the initiative aims to enhance operational efficiency and customer experiences through Chinese AI and cloud technologies. – Bernama


Malaysiakini
2 hours ago
- Malaysiakini
Viral 'pro-Singapore' JB car wash video scrubs off local clients
The taps are running dry at several car wash outlets near a major shopping mall in Johor Bahru, not due to a water shortage, but because a viral video is scrubbing away their local clientele. The clip, posted last Friday, alleged that a car wash in the area had refused to serve Malaysian-registered vehicles, claiming all appointments were reserved exclusively for Singaporean customers.